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Networking Tips for New Real Estate Agents

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You’ve studied hard, passed the exam, and now you have your real estate license. You’re officially one step closer to your dream of becoming a real estate agent, but the work has only just begun. The most challenging part of a career in real estate is landing your first few clients.

As with many commission-based jobs, a thriving career in real estate is built on connections. You may have connections from prior careers, know individuals in your community, or be brand new to a city and looking to establish yourself. Regardless of your situation and how many contacts you have, networking is critical to success for any new real estate agent. And these valuable networking tips can help you connect with more people and get ahead.

Join a Real Estate Brokerage 

Joining a real estate brokerage can provide several benefits, including access to industry resources, training, and support from experienced agents. Additionally, many brokerages have established relationships with lenders, title companies, and other businesses that can be helpful when working with clients.

Stay Active on Social Media 

In today’s world, staying active on social media is vital to be successful as a real estate agent. Use social media platforms like Facebook, Twitter, and Instagram to share information about properties you’ve listed, open houses you’re hosting, or events you’re attending. Then, engage with your community through comments, likes, and shares to encourage further interaction. Regular posting can help clients get to know you and convey that you’re reliable and available when they need you. Be sure to tag your location so clients in your area can easily find you!

Connect with Other Professionals 

If you’re looking to establish yourself, it’s just as important to connect with other professionals in the real estate industry as with clients themselves. Attend brokerage open houses, introduce yourself to other agents at listing appointments, and exchange business cards with industry professionals you meet. By building relationships with other agents and professionals, you’ll expand your network, increase opportunities for leads, and potentially find a mentor who can guide you based on their experience.

Here are four other great ways to connect with real estate agents.

  • Get involved with your local board of REALTORS®.
  • Attend industry events such as conferences, seminars, and trade shows.
  • Connect with other agents on online forums for real estate professionals.
  • Volunteer for an industry-relevant charity or non-profit organization to give back to your community while meeting other industry professionals.

Join a Local Real Estate Association

Another great way to meet new people and market yourself as a real estate agent is to join a local real estate association. These associations typically host monthly meetings where members can network with each other and learn about new listings or developments in the area. Additionally, many associations offer educational courses or seminars to help new agents learn more about the industry and hone their skills.

There are several professional associations for real estate agents, such as National Association of REALTORS® (NAR) and the National Association of Exclusive Buyer Agents (NAEBA). These groups offer members access to extensive resources, educational opportunities, and networking events for a nominal membership fee.

Host Your Own Events 

In addition to attending events hosted by others, you can also host events yourself. For example, you could host an open house for a property you have listed or provide a free seminar on the home-buying process. By hosting events, you’ll have the opportunity to control the marketing message and make a lasting impression on potential clients.

Final Thoughts

Networking is essential for new real estate agents looking to build their client base. By joining a brokerage, staying active on social media, connecting with other professionals, and hosting events, you can make a name for yourself and improve your chances of landing clients. Real estate is a people business, so get out there and meet new faces!

The idea of Bigtime Daily landed this engineer cum journalist from a multi-national company to the digital avenue. Matthew brought life to this idea and rendered all that was necessary to create an interactive and attractive platform for the readers. Apart from managing the platform, he also contributes his expertise in business niche.

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Business

Business Strategies of Michael Gastauer

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Michael Gastauer, a German billionaire and entrepreneur, has led Black Banx to remarkable heights with his innovative strategies in the digital banking sector. As the founder and CEO, his vision has transformed Black Banx into a significant player in the global financial industry, serving millions and revolutionizing banking practices. 

Gastauer’s approach has been distinctly customer-centric, focusing on solving real-world problems through accessible financial services. This strategy has not only captured a vast market share but also established Black Banx as a model of innovative fintech success.

Innovate Early and Often, Invest Strategically

Gastauer’s journey began with a robust foundation in the fintech sector, where he initially created and later sold a payment services company for US$480 million. 

This significant capital boost allowed him to invest in his next venture: Black Banx. Launched in 2014, Black Banx differentiated itself by offering real-time account opening and cross-border payment solutions to a global audience, addressing major inefficiencies in traditional banking. 

Gastauer’s foresight in identifying and investing in these key areas early on allowed Black Banx to scale quickly and efficiently. His strategy was clear: leverage high initial investment to accelerate growth and secure a substantial market presence before competitors could catch up.

Within a year of its inception, Black Banx expanded rapidly, reaching over 1 million customers. This was just the beginning, as the platform soon integrated cryptocurrency options, enhancing its appeal and utility for a broader client base. By the end of 2018, Black Banx was valued at US$9.8 billion, a testament to its rapid growth and the successful implementation of its business model. 

Gastauer’s bold move to integrate cryptocurrencies early in the game positioned Black Banx as a pioneering force in fintech, well ahead of traditional banks.

Pinpoint Problems and/or Challenges

One of the core components of Gastauer’s strategy was to tackle financial exclusion head-on. Black Banx made significant strides in offering banking solutions to the unbanked and underbanked, particularly in regions with limited access to traditional banking services. 

By leveraging technology and strategic partnerships with mobile network operators, Black Banx has been able to extend its reach and offer innovative banking solutions to millions worldwide. This strategic alignment with mobile operators has been crucial, as it taps into an existing infrastructure to reach remote areas, significantly lowering the cost of expansion.

The platform’s ability to facilitate quick, cost-effective international money transfers has been a game-changer, particularly in markets like the Middle East, Asia, and Africa. This not only supports individuals and businesses in these regions but also contributes to the overall growth and stability of the global economy. 

Gastauer’s focus on simplifying and reducing the cost of these transactions demonstrates a deep understanding of the core needs of his customers, thereby enhancing customer loyalty and trust in the brand.

Take a Tech-Driven Approach

Under Gastauer’s leadership, Black Banx has remained at the forefront of technological integration within the banking sector. The adoption of blockchain, AI, and data analytics has enabled the platform to offer personalized financial services, enhancing customer experience and satisfaction. 

This technology-driven approach ensures that Black Banx stays ahead of industry trends and continues to offer relevant and secure banking options. Gastauer’s commitment to integrating advanced technology not only streamlines operations but also provides a scalable model that supports continuous growth and adaptation in a rapidly evolving market.

Leave No Market Unturned

Gastauer’s vision for Black Banx was never limited to a single region. By 2023, the company had expanded its services to include 28 FIAT and two cryptocurrencies, with a robust presence in over 180 countries. This global approach has not only diversified the company’s customer base but also minimized regional economic risks, allowing Black Banx to thrive in a competitive and fast-changing financial landscape. 

The strategic decision to operate across diverse markets also mitigates the risk of localized economic downturns affecting the overall health of the company.

Set Milestones

The year 2023 was a landmark year for Black Banx, as it reached 39 million customers and reported revenues of US$2.3 billion. The company’s ability to maintain a high rate of customer acquisition and satisfaction speaks volumes about its effective strategies and customer-focused approach. 

The first quarter of 2024 continued this trend, with Black Banx announcing a pre-tax profit of US$639 million and revenues of US$2.1 billion, driven by strategic implementations like fixed monthly account maintenance fees. Gastauer’s strategy to introduce fixed fees was a calculated risk that paid off, providing stable revenue streams and further solidifying Black Banx’s financial foundation.

Michael Gastauer’s strategic foresight and relentless innovation have propelled Black Banx to new heights, making it a leader in the digital banking sector. His commitment to financial inclusion, coupled with an aggressive expansion strategy and technological integration, has not only shaped the future of Black Banx but has also set a new standard in the industry. 

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