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Motivate your agents
It takes more than
money to keep agents and assistants
productive.
by Ward Lowe
Put away your checkbook and
save the Knute Rockne speeches. Successfully
motivating your agents and assistants takes more
than a one-shot bonus or thundering inspirational
message. In fact, most people’s motivation comes
from within—all you can do is facilitate that
driving force.
“You really don’t motivate
someone,” says John Baldoni, a leadership
consultant, speaker, and author based in Ann
Arbor, Michigan. “You create conditions for them
to motivate themselves. You create a healthy
working environment, you communicate, you reward,
and you recognize people’s work.”
Show them more than the
money
How you create an environment
conducive to motivation depends on what each agent
or assistant values. Money doesn’t always carry
the day—Baldoni contends that motivating with
money gets only compliance from agents, not
commitment.
“Money is a satisfier,” he
says. “You need a certain income to survive, but
if you motivate strictly on the basis of money,
over time no amount of money is ever enough. There
are few people whose sole motivation from a job is
money. For most, there must be some kind of
enrichment from the job—maybe making a difference
in the community.”
Silva Mirzoian, who runs
workshops on REALTOR® motivation and empowerment
based on her experiences from 22 years as a
broker, agrees. “The best way to motivate agents
is to get them to focus on their lifestyle, not
how much money they can make,” she says. “Because
when they focus on their lifestyle, it’s easier
for them to develop their business as part of
their life, instead of something they have to do
because they have bills to pay.”
Find out what excites them
Whether you’re sponsoring a
rookie salesperson or veteran agent, successful
motivation of that person begins when you agree to
do business together. At that point, you should
have a conversation that enables you to determine
what drives the person.
Ask them about
their goals, suggests Baldoni, and find out how
they like to be recognized. Encourage them to tell
you how you can succeed together. Discover what
gets them excited. “Is it recognition, financial
reward, free time, their name in the paper? Find
out what excites them and then reward them
accordingly,” Baldoni says.
A reward system
often works to keep agents focused on their goals.
Whether you track the positive feedback from
comment cards on agents or tally transaction sides
closed in the office, creating specific,
measurable objectives and rewarding those who meet
them can trigger some people’s inner drives. You
can include unlicensed assistants in such rewards
by designing achievements tailored to their
contributions in your office.
Say it
like you mean it
“Appreciation and praise are
more powerful motivators than money,” says Mike
Moore, professional speaker and author of How to Improve Staff Morale
Using Humor Appreciation and Praise.
Improve the way you communicate and deliver
praise using these tips from Moore:
- Listen more than you talk. There is nothing
more affirming than the undivided attention of
another.
- Always use the first name of the person
you’re addressing.
- Be generous with encouragement and
affirmation. If you find it difficult to express
affirmation and encouragement in person, write
notes or e-mails instead.
- When you must correct someone or express
disapproval, do so in private and never when
angry.
- Ask about people’s lives outside of work.
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However, such incentives
only work if you know what drives your agents and
assistants, and what types of rewards excite them.
Since you discussed those topics when you agreed
to do business together, you already know the
those things, right?
Personalize any reward
or recognition. Give amusement-park passes to the
woman who wants to spend more time with her
family. Buy theater gift certificates for the
movie buff. Mention your most-improved agent in a
newspaper ad.
Create a successful lifestyle
Mirzoian takes a holistic
approach to motivation by inviting agents to
envision and reach for their ideal working
lifestyle. “Get them to list their interests,
hobbies, passions—the causes they like to get
involved in,” she says.
From that list,
you as a broker can help the agent create a
marketing plan that encompasses these interests.
Then, the agent’s job incorporates things she
likes to do and it’s less drudgery, less work. “It
fits them like a glove,” asserts
Mirzoian.
A salesperson who loves the
outdoors might go after more rural properties. A
golfer may concentrate on master-planned
communities around golf courses. The plan enables
the agent to be more genuine and enjoy work
more—that comfort level and excitement acts as its
own motivation, Mirzoian claims, and leads to more
success.
After you set up a marketing plan
based on an agent’s interests, break down the plan
into short-term and long-term goals. “Try not to
focus on a dollar amount,” she cautions. “Try to
focus on achievements.” Then conduct a monthly,
one-on-one follow-up to check on the agent’s
progress toward his goals.
Concentrate on
encouraging agents to reach the lifestyle they
want, meeting their goals along the way. “You
think you’re encouraging or motivating someone by
telling them to be a top producer, but it’s a
short-term success,” Mirzoian cautions. “After a
while it becomes a burden for the agent to
maintain that status. It takes away from teamwork
in the office.” Competing with yourself instead of
trying to out-produce your colleague makes for a
better working environment.
Is something
burning?
Whether an agent stumbles under
the burden of past success or your attempts at
motivation fail to encourage him, his performance
will suffer. Be alert for these problems and catch
them before they lead to agent burnout.
“The biggest enemy of a REALTOR® is burnout,” says Mirzoian.
“When an agent comes into the business and is so
focused on making money and works seven days a
week … you burn yourself out.”
Baldoni
recommends periodically asking your agents or
assistants: “Are you getting enough support from
me to do the job?” Sit down with them—even if
their performance seems OK—and make sure you’re
doing all you can to help them succeed. Personal
attention like that will act as its own
motivation.
And sometimes, just providing
counsel or listening about an agent’s rough
closing or rude client can make all the
difference. “Being an agent is a tough job,”
Mirzoian says. “Clients don’t see all the stress
and emotion agents go through for every
transaction.” But you, as a broker, know the ups
and downs of the real estate profession. Use that
knowledge and understanding to create conditions
where your agents can motivate themselves.
For a look at what drives your
fellow Texas REALTORS®,
turn to “What’s my motivation?” on page 6.
Photo © Stockbyte.
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