Ben Kinney On Mastering Boredom, Market Predictions & The 3 Things That Guarantee Success in Real Estate

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Recorded01 Jan 2024

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“The road to success and the road to failure are almost exactly the same.” On any given day, we’re walking a tightrope between success and failure, but when we’re in a good market and a time of abundance, we don’t see how thin that line is. Right now, we’re in a time where our bad decisions, bad business practices and bad habits are being exposed. Leadership is a constant conversation of caring. -Ben Kinney We get paid to help humans make good life decisions with their most valuable asset. -Ben Kinney If we’re struggling in our businesses today, that means you’re not having enough empathetic conversations. -Ben Kinney The number 1 killer of a business is optimism. -Ben Kinney Why we quit Quitting is easier than plugging away at something when it gets hard. Whenever you start something new, there’s this unfounded amount of optimism, but ultimately, reality will set in and we sink into the pit of despair. This happens with every new thing. Real happiness comes from digging out of the pit and enjoying the journey. The undisciplined pursuit of more As human beings and business owners, we tend to think that if we’re doing great in one thing, we can take on something else. We think that more will solve our problems so we add a bunch of stuff to our lives. It’s fine when things are going good, but when things start to go pear-shaped, it collapses on us. We have to master boredom if we want success. Treat leadership like parenting Every real estate leader has found themselves frustrated because their agents aren’t calling leads. Instead of putting it on your agents, point your frustration back to yourself because it’s a leadership problem. How many times do you have to tell your kids not to touch something hot? Why do we expect adults to be different? You have to have the conversations over and over, find different ways to say it and even find other people to say it. The variables you need to put pressure on There’s only 3 things that guarantee success in real estate Saying the right things (scripts) Saying it enough times (activity) Enough people to say it to (leads) If you’re not succeeding, you need to fix one of those 3 things. If you have a team, you need one more thing: enough people saying the right things. Expect 2024 to be filled with great opportunities for 50-75% of the year, but in the first couple of months, we should be filling our hopper with people that would take action if rates drop 1 or 2%. We have to spend the first 2 months making sure the entire year is kickass instead of feeling bad for ourselves. At the same time, don’t have rose-colored glasses that it will magically happen in 90 days. Optimism can be deadly in our business, so we have to maintain a healthy balance. Guest Info Ben Kinney is an entrepreneur, professional speaker, author, real estate agent, and CEO of Ben Kinney Companies. He owns and operates one of the top 25 producing real estate teams in the nation from all brands. He also owns and operates multiple Keller Williams Realty Franchises that includes 1200+ agents across multiple locations servicing all of Washington State. In 2015 he opened his first international brokerage in London, UK and in 2016 he purchased the KW master franchise for all of the U.K. Those offices sold over 10,000 units equalling over 4 billion in closed sales volume. Ben is also a nationally recognized author, trainer, and speaker. In the last few years, he has personally trained over 100,000 business owners via conferences, classes, and webinars. Ben Kinney Real Estate Team is ranked by the Wall Street Journal and Real Trends as one of the top 25 real estate teams in the nation. https://www.youtube.com/BenKinney CTA Please leave us a review at https://ratethispodcast.com/nla

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