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April 2007
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May 2007

State of the Blogosphere - Web 2.0 - Live Web (April 2007)

Are you a part of the blogosphere yet?  Have you heard of Technorati? Wikipedia? Web 2.0? Social MediaBlogging? Have you claimed a blog? Found Your Unique Voice?

Now is the time! Look for a series of posts in the coming weeks on getting started with blogging and understanding the basics of Web 2.0 and how it can impact your business.  Until then, click on the Wikipedia links above to learn more and check out the latest full report on the State of the Blogoshpere and the Live Web from TechnoratiThe State of the Live Web, April 2007

In summary:

  • 70 million weblogs
  • About 120,000 new weblogs each day, or...
  • 1.4 new blogs every second
  • 3000-7000 new splogs (fake, or spam blogs) created every day
  • Peak of 11,000 splogs per day last December
  • 1.5 million posts per day, or...
  • 17 posts per second
  • Growing from 35 to 75 million blogs took 320 days
  • 22 blogs among the top 100 blogs among the top 100 sources linked to in Q4 2006 - up from 12 in the prior quarter
  • Japanese the #1 blogging language at 37%
  • English second at 33%
  • Chinese third at 8%
  • Italian fourth at 3%
  • Farsi a newcomer in the top 10 at 1%
  • English the most even in postings around-the-clock
  • Tracking 230 million posts with tags or categories
  • 35% of all February 2007 posts used tags
  • 2.5 million blogs posted at least one tagged post in February

Zen Habits Blog - 52 Habits for Happiness & Productivity

Ok bloggers, readers, friends...I absolutely love Zen Habits - a blog I discovered over the weekend.  Bookmark it, subscribe to it, read it, comment on it!  It's fresh and compelling.  Leo is the blogger and he blogs about: "achieving goals, productivity, being organized, GTD, motivation, eliminating debt, saving, getting a flat stomach, eating healthy, simplifying, living frugal, parenting, happiness, and successfully implementing good habits."

Check out his excellent post:  Handbook for Life: 52 Habits for Happiness and Productivity.  This straight-forward, common sense, extensive list of life tips are great reminders for enjoying the journey, simplfying your life and maximizing productivity.

Las Vegas Real Estate - April 2007 Fast Facts

Are you staying on top of the Las Vegas Real Estate Market?  Here is another excellent report to do just that....  the April 2007 edition of Fast Facts from Larry Murphy of Salestraq and Steve Bottfeld of Marketing Solutions and the Bottfeld Report

Download APRIL2007.pdf

Make sure to also download the analysis of the data here...Download april_2007_fast_facts.doc.

April07mlsfastfacts_2 On the left is an excerpt from the report that shows the number of active listings in the MLS for 2006 and 2007.  Current supply of homes is over 12 months.

Larry & Steve state: "This may be the best time in history to buy a home in Las Vegas."  They also note that even though April's housing data was, "as expected, a continuation of the housing bottom we have been scraping along for nearly six months... there appeared to be some minute improvements worth noting."

Download the full reports for all the details and analysis.

I highly recommend attending the Crystal Ball Seminar for the latest information and trends on the Las Vegas Real Estate Market.  The next event is scheduled for July 19, 2007 at the Texas Station. 3 Hours of CE Credit is now available once a year for seminar attendees.   

7 Year Study of Real Estate in Las Vegas

Equity Title of Nevada has compiled a very comprehensive and informative 7 year study that tracks the number of homes sold and average sales price of homes by zip code from 2000 to 2006.  The chart is a useful presentation tool to use with both buyer and seller clients to show the overall picture of what happened in our market over the past 7 years.

Download 7_year_study_compiled_2007.pdf

For example, take a look at the number of homes sold year over year since 2003 - it clearly illustrates the dramatic shift and appreciation that occured in 2004-05.  I t also indicates the adjustment in the market in 2006 that continues now in 2007.

  • 2003:  37,273
  • 2004:  45,479
  • 2005:  71,740
  • 2006:  59,052

Overall, the big picture is - "the sky is not falling!".  We are simply in a cycle - adjusting back to what, I predict, within the next 12-18 months will return to the historical annual appreciation of 5-8%.

2nd Annual Sunshine Kids Golf Tournament Raises over $32,000

Skgolfvols_4On May 3, 2007, Prudential Americana Group sponsored a day of golfing fun with proceeds benefiting the Sunshine Kids - an organization dedicated to providing activities, trips, and events for young cancer patients. 144 golfers played the course at Siena Golf Club and enjoyed refreshments and contests sponsored by local companies and individuals. A grand total of $32,396.75 was raised - up over $9000 from the previous year.

Over 30 volunteers contributed their time and energy to helping make the event an absolute success!

The Scintas gave away prizes which included:

  • Closest to the Pin
  • Longest Drive
  • Best Poker Hand
  • Top three teams

Skstarks_2 Taking the top prize of Last Place Team ("Most Honest Award" ) was the team of Mark Stark, Ira Stark and Mason Harvey who posted an incredible 82.

The Marty Mahoney Band – 3 piece band supplied music at the awards luncheon.  Dustin Ash – the up and coming race car drive was present and will join our forces next year in collecting donations. He has been signed to the NASCAR circuit next year.

Next year’s tournament is scheduled for Thursday, May 1st at Siena Golf Course. More details to follow.

Review of Group Coaching Sessions 1 & 2

Here's an update on Our Group Coaching Session & Discussion Forum series.  In our first session, we covered Keys to Success in Team Building, the components of a successful business, and business & financial basics.  Outlined below are the key points on business & financial basics.  See the specific blog posts for details on team building theory and components of a successful business.  I am currently editing the audio of the second session on Real Estate Systems and starting a series of blog posts this week to cover each system individually.

  • The five successful components of any business
    1. Know Your Desired Outcome
    2. Measure & Track Your Results 
    3. Take Action
    4. Operate from a Physiology and Psychology of Excellence
    5. Ask for Help
  • Business & Financial Essentials
    • Establish yourself as a corporate entity (including your license)
    • Begin establishing routine financials (Profit & Loss; Balance Sheet)
    • Utilize a recognized software package (Quickbooks, Peachtree, etc.)
    • Utilize a financial consultant (CPA preferred)
    • Establish a separate business banking account and credit card
    • Create a dashboard of metrics measuring your operations health

In the second group coaching held on April 23rd, we had an excellent small group breakout session on 4 of the key systems:  SOI/Past Clients; Farming; Listings; Buyers.  Download GroupNotes4_23_07.doc  for the best ideas from the discussion groups.

Team Building Systems Overview

Over the next several weeks, I will be completing a series of posts on how to establish effective team building and real estate systems.  The focus will be on how to first implement the system for your personal business. This information will benefit all real estate agents whether you are or plan on building a team.  I will also discuss how to create a team version of each system.  One of the keys to success in building a team is to have easily, duplicatable real estate systems that your team associates can simply plug in to - plug 'n' play - don't reinvent the wheel. 

Here are the major systems we will be focusing on (one by one) over the next several weeks:

  1. Business Systems Assessment & Financial Essentials
  2. Team Vision, Mission, Values & UVP
  3. Team Branding, Marketing & Promotion
  4. Team Organizational Chart 
  5. Team Building Admin Basics
  6. Team SOI/Referral System
  7. Team Listing System
  8. Team Buyer & Escrow System
  9. Team Farming System
  10. Team Business Plan & Goal Setting
  11. Lead Generation & Follow-up Systems
  12. Recruiting/Affiliation System

Top 10 Real Estate Team Leader Best Practices

  1. Mindset Adjustment – You Are Your Team!
  2. Hire and retain a compatible, qualified Team Manager (TM) or be prepared to be the TM
  3. Hire talented office support staff and delegate effectively
  4. Use clear, concise Team Associate & Manager Contracts
    * Commission structure
    * Separation policy
    * Expectations
  5. Implement team policies and procedures (create a written operations manual for your team)
  6. Implement effective team building systems
  7. Communicate regularly with your team members (Scheduled team meetings)
  8. Attend office sales meetings to stay up-to-date with office, company policies, events and market conditions
  9. Review all contracts and paperwork for sales and listings
  10. Continually Educate Yourself and Your Team
    * Office and company training programs
    * Team training
    * Leadership training
    * Broker Training Courses
    * Obtain the Risk Reduction Graduate (RRG) designation

Are you ready for coaching? Take your business to the next level today. Schedule a complimentary 30-minute coaching session today to find out more.

Let us be your virtual coach as well.  Learn at your own pace and on your own schedule.  Our on-demand online courses integrate multi-media with an intuitive learning management system. Learn more about becoming a member of our community at WBNL Coaching.