Date post: | 24-Jun-2015 |
Category: |
Real Estate |
Upload: | the-business-of-real-estate |
View: | 64 times |
Download: | 3 times |
A rising (de li,s all boats
1. Do you have a clear mission,
vision and purpose?
2. Do you benchmark your business against your
compe((on?
Revenue Performance
Market Share
3. Can you (and your staff)
clearly iden(fy and ar(culate what dis(nguishes you from
your compe((on?
4. Do you know why customers
choose a compe(tor’s business over yours?
5. Do you speak regularly with clients about ways to refine and improve your service?
6. Are your staff accountable for their performance?
KPIs 2014%Office%KPI's
Agent%1 Agent%2 Agent%3 Agent%4Office Av%mth Av%week Annual Annual Annual Annual
2014%Income%Target $2,131,941 $177,661.75 $40,998.87 $799,594 $373,238 $426,409 $532,700 $2,131,941AV0PRICE $389,000 No%of%exchanges 268.0 22.3 5.2 100.5 46.9 53.6 67.0 268.0AV0NET0FEE 2.0450% Mas% 648.0 54.0 12.5 243.0 113.4 129.6 162.0 648.0AV0FEE0$ $7,955 Listings 309.7 25.8 6.0 116.2 54.2 61.9 77.4 309.7MA:INST0CONV0RATE 47.8% Inspections 3291.0 274.3 63.3 1234.1 575.9 658.2 822.8 3291.0FALL0THROUGH0RATE 8.30% Offers 900.0 75.0 17.3 337.5 157.5 180.0 225.0 900.0INSPECTION0TO0SALE0RATIO 8.90% Gross%sales 292.0 24.3 5.6 109.5 51.1 58.4 73.0 292.0INSPECTION0TO0OFFER0RATIO 27.70% Fall%throughs 24.2 2.0 0.5 9.1 4.2 4.8 6.1 24.2LISTING0TO0EXCHANGE0RATIO 86.6% Net%sales 267.8 22.3 5.1 100.4 46.9 53.6 66.9 267.8
268.238304 38% 18% 20% 25% 100%38% 18% 20% 25% 100%
Office%target%profile Sales/Lstgs IncomeJanuary 8% 6%February 10% 8%March 9% 10%April 8% 9%May 8% 8%June 8% 8%July 8% 8%August 5% 8%September 10% 5%October 10% 10%November 10% 10%December 6% 10%TOTAL 100% 100%
Share0of0LstgsShare0of0Sales
KEY%DATATOTAL
7. Do you have a structured professional development programme in place?
8. Do you regularly survey your team members and associates to help iden(fy possible areas
for improvement in your business?
9. Do you have an incen(ve and rewards programme (for both staff and clients)?
10. Do you have an on-‐going strategic approach to
marke(ng?
11. Does your marke(ng align with the core values of
your business?
12. Does your team understand your posi(on statements?
13. Do you have a systema(c way of measuring the response to
your marke(ng?
14. Do you know your cost of acquisi(on?
15. Do you track your
digital engagement?
1-‐5 Cri(cal Condi(on
5-‐10 Visit the Business Gym
10-‐15 Figh(ng Fit