I love this time of year… a time of reflection and redirection. A time where everyone is just a little bit kinder, gentler and more giving. As we enter the last few days of the year, I trust your kindness will be known to all.
Speaking with so many of you, your business & marketing plans are ready… you are reflecting on what worked, what didn’t and the adjustments you will make in the New Year. Here is what I know, from working with agents, teams, and brokerage business plans all over the world:
6 Mistakes You Can Avoid
One – Most of us are not thinking BIG enough, if your plan is too comfortable it’s probably too small. Everyone reading this – and has the desire – can DOUBLE their business in 2020.
Two – Not being very clear on where the business is coming from today – and how you will continue or expand that – AND the few TESTS you will do each 90 days to create new sources of business in the new year.
Three – Doing more of the same thing and expecting a different result.
Four – Not breaking down the details into a DAILY ACTION
Five – Not having the leading and lagging indicators UP and VISUAL… a “in your face” reminder. Like a scoreboard at a sporting event.
Six – Not being clear on the benefits – the why – and what happens when you do or don’t achieve the outcome.
Bonus?mistake to avoid??– not breaking out your marketing execution into a separate and specific plan with the actions, expected results, costs and content calendar.
Creating A 90-Day Hustle
The point of a 90-day hustle is that it stops you from focusing on all your goals for the year. Instead, the 90-day hustle allows you to take your goals for the year and then break them down into 90-day stretches, 30-day stretches, 2-week sprints and finally DAILY ACTIVITIES.
STEP 1: Review your goals
Studies show your goals should be no more than 3 (major ones) at any one time and and then you’ll break down those down into all the steps needed to achieve them… those become part of your 90-day stretches.
Take your business & marketing plan, look at what your main goals are for and then think about how you’re going to break them down into smaller chunks, so achieving them is just a little easier.
This would be a good time to review the difference between outcome, performance, and process goals.
STEP 2: Review your business & marketing plan
Make sure your business plan includes a specific marketing plan. The specific marketing you will do… the expected outcome of that marketing, the cost and the days, dates and time it will be consistently executed.
Check that your plans are consistent with your goals and avoid the 6 biggest mistakes outlined earlier.
If you need help coming up with a more concrete plan or aren’t really too sure what you want to focus on, then I’d recommend using this workbook by Amber McCue. It costs a few bucks yet well worth it… it’s called “Fresh Start” and many people call it a secret weapon for planning out the year.
STEP 3: Put it all together into a 90-day hustle!
Once you’ve reviewed your goals and your strategic plan, think about the first three months of 2019 and what you want to focus on to achieve your 2-3 main overarching goals.
Pick 1-3 steps to focus on for the next 90 days. Don’t try to do it all. Less is MORE.
In fact, research shows you shouldn’t be doing any more than 3 main things over the next 90 days. Less is more and proven.
Break these down further into daily, 2 week and 30-day stretches. You should end up with 30 day, 60 day and then 90 day’s worth of goals. Consider using an APP like PRODUCTIVITY to get accountability on daily actions.
Include all the nitty-gritty details in your 90-day hustle. Work backward… start with your overall goal for the next 90 days and then break this down into all the steps you need to take to achieve it. Don’t forget to schedule in your downtime, family time and charity obligations.
Then SCHEDULE IT in your calendar and reminder APP with alerts or alarms. Bonus some break down all the “to-do” tasks as well and add them to the Google or preferred calendar or task APP.
So there you have it, 6 checkpoints to validate your business plan and a format for a 90 day hustle.
I’m often asked, Mark what should I add to my business? Consider this: always be testing… pick 1 promising idea (grove it) and then considering adding another promising idea every 90 days.
Always keep in mind that research shows 70% of consumers FIND you from. friend, family member, referral or prior business relationship. And 70% CHOOSE you based on your reputation, trustworthiness and results. These FACTS have significant implications to your marketing.
Have you considered testing:
- A consistent process to re-working previous leads from ALL sources? Like verse.io
- Creating a goal – and tracking it – ?of 2 referrals per year from all past clients and everyone you know?
- Expired listings in the upper end of the market are a real thing right now, what’s your expired campaign?
- More Personalization in everything you do? (We are in a relationship business, yes?!)
- More use of VIDEO? (Community and local business highlights)
- Leveraging BUYSIDE or Home Value models to earn more LISTINGS?
- Building your “out of market” referral network? Whose moving into you area from out of state or across the state?
- Inviting curious neighbors to virtual open houses?
- Online lead generation – dark posts – that YOU control – FB, Google?
- Is this the year to wear a name badge or other branded swag?
- Leveraging or building your consumer REVIEWS?
- Becoming the HUB of ALL things in your community – for your sphere – for all things in your area?
So, what is YOUR 90-day hustle going to look like? And who is holding you accountable?