Comments on: Failure IS an Option AND it’s Okay

By: My Corrie

My Corrie — Fri, 12 Feb 2010 20:06:07 +0000

Great video Brad! A) LOVE the shirt! B) Does it get easier to fail over time?? I am terrified of it some days and others its not as big a deal!

Thanks for this advice!

By: gordpurdy

gordpurdy — Sun, 07 Feb 2010 22:02:07 +0000

The Real Estate industry is very unique. It's not so much as a turn around but more like a disappearance of those who realize that it is not as easy as it seems and many just “maintain ” their licenses. Real Estate licenses are obtained relatively easily by passing a set of Phases over a couple of years. After the 3rd Phase you can practice real estate and then 2 years after that, you then need “Articling Courses” within a 2 year period. So to actually obtain a license to sell is relatively easy. This is the pull for many in a weakened economy for those who may be laid off or going through a phase in their lives.

To begin a career in real estate you need money. It takes at least a few years to develop some kind of data base in hopes of creating repeat business or referrals. If you don't have a pool of cash to help you over those years , then it can be frustrating and difficult to get motivated and “stick to your guns”. Therefore many lose faith in the industry and themselves and simply “maintain their licenses in hopes of maybe returning at another time when they either have more money or get the enthusiasm back. There is only 2 ways to make money…by desperation or inspiration. You can't just jump into this industry in hopes of profiting, it doesn't happen that way. It's hard work, constant communication via old and new technology.

In conclusion, I would say that there is a large amount of people “on hold” when staring the real estate career, and not so much in regards to a turnover rate.

By: Bill

Bill — Sun, 07 Feb 2010 19:25:14 +0000

Thanks for the response guys. Brad you are right, a pay check does give you an invisible safety net and it's good to know you have it there while you're learning the whole online thing. Right now I am a consultant for offline brick and mortar biz owners who want to get more out of their business online. The shift occurred for me when I started taking calls at work from people wanting to hire me. I could only work in the evening after my job so I had to turn down lucrative business deals because my full time job was getting in the way.

But the key here was that i was doing something. Had I not been doing anything with all the courses and information I was studying I would still be back there at my old JOB. Many folks never get off the starting gate to even figure stuff out for themselves.

Here's an example. I once paid $1500 for a course on flipping websites and domaining. I learned how to id niches and build websites and monetize them. I got really good at building sites but never listed any of my sites for sale because I was afraid they would not sell. My mentor at the time kicked me in the butt and made me list all of them. I listed 3 sites and sold each of them for $400. I just about paid for my course in one week! It was almost too good to be true, but once I got a taste I never looked back.

By: marklyford

marklyford — Sun, 07 Feb 2010 19:21:05 +0000

Nice offer mate, but you know its already nearly gone

By: bradgosse

bradgosse — Sun, 07 Feb 2010 19:10:31 +0000

I guess you must see a lot of that in the real estate business Gord. I have been told that there is a very high turnover rate in real estate specially over the first few years. Is that true?

I'm so glad to have you among my blog readers

By: bradgosse

bradgosse — Sun, 07 Feb 2010 19:09:18 +0000

You are welcome Alan. Just checked out your website. I wish I were closer to Windsor since I'm a big yoga person.

By: bradgosse

bradgosse — Sun, 07 Feb 2010 19:08:40 +0000

Allen what you say about ego is entirely true. I am constantly fighting that inner demon. I think ego prevents us from admitting failure sooner than we really should.

Thanks for your insight

By: bradgosse

bradgosse — Sun, 07 Feb 2010 19:06:31 +0000

The great thing about discovering your passion is that even when you're not earning any money, you still love the game. That's how it is for me. I love what I do now.

Nothing gets me more excited than waking up to a bunch of new comments on my blog

Thanks for that

By: bradgosse

bradgosse — Sun, 07 Feb 2010 19:05:30 +0000

Your number one failure is a good lesson. Never build your business around futures.

Thank you for sharing

By: bradgosse

bradgosse — Sun, 07 Feb 2010 19:04:23 +0000

I couldn't agree more Chris. It's okay to embrace our failures when they teach us valuable lessons. Regretting them won't do you any good.