Why Do Some Brokers Do Well in Bad Times?

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Because they’re consistent in investing and improving their business in both good times & bad times.

I hear the same objections over & over regarding investing in their business. In good times many brokers say “Why should I spend any money to market myself or my properties? Business is so good, these properties just sell themselves.” Then they go play golf.

In bad times they say “Business is too slow right now. I can’t afford to spend and invest in my business. I’m going to cut way back till things get better.” Then they wait.

But the brokers who are successful in bad times are the ones who take a consistent approach to investing and improving their business in good times & bad. This works because it lengthens the good times and shortens the bad. As they continue to improve & invest in their business they put themselves in a position where they have more opportunities and more lucrative transactions. So when the market begins to turn south their opportunity pool is much deeper than otherwise, thus extending their good business.

They not only make more money but they also take deals off the table that could have been there for you.

When times are bad the same brokers continue to invest & improve their business Their down market is shorter than others. Why? For two reasons. First when many other brokers scale back their efforts those who maintain a strong presence have a greater chance of being noticed. Second, for the most part, the market pendulum will swing back the other way and when it does, those who have continued to invest & improve will catch the upturn much earlier than others. They not only make more money but they also take deals off the table that could have been there for you.

Cam Boyd recently hired a full time marketing person - in a down market. By doing this he’s positioned himself to catch opportunities much earlier and free his time & focus to find & properly market those opportunities.

There will be no green light for a better market and by the time you read about it, a ton of money will have already been made.