Is Money Walking?
In this episode of the Ninja Selling podcast, Matt and Garrett begin by discussing the magic of the holiday season and how children's excitement about the holidays can make it even more special. They also talk about how the holiday season is a time when people are often a little bit nicer to each other, with more people stopping to chat and wish each other happy holidays. From there they review the importance of taking breaks and how, as children get older, they may be more interested in the break from school than the lights and other holiday traditions.
Matt and Garrett go on to discuss the "how money walks" concept, or the movement of people and money between states in the United States. Our hosts reference a website that tracks this movement and note that some states are currently experiencing an influx of people and money, while others are seeing just the opposite. They also explore data from the Census Bureau which suggests that the pandemic has not significantly impacted the overall trend of declining rates of people moving between states. The implications of this trend for calculating the opportunity within someone's database and the potential impact on the housing market is also examined. Our Ninja duo round out this episode by highlighting the importance of building a long-term business strategy and maintaining a strong work ethic, regardless of market conditions.
If you haven’t already done so this holiday season, give yourself the gift of joining the community of almost 10,000 Ninjas who collaborate, ask and answer questions, network, and more in the Ninja Selling Podcast group on Facebook at Ninja Selling Podcast Facebook. Leave a voicemail at 208-MY-NINJA if you’d like to offer more direct feedback. Be sure to check out Ninja Selling Events for upcoming installations and other events, and if you’d like personalized help in achieving your goals, visit Ninja Coaching to connect with one of our fantastic coaches.
Episode Highlights:
- The sense of community that often arises during the holiday season and the importance of taking breaks
- The holiday season
- The Census Bureau's survey
- The National Association of Realtors’ prediction for 2023
- Working with clients and their friends and family
- The role of appreciation in the housing market
- Building a long-term business strategy and maintaining a strong work ethic
Quotes:
"It's really an incredible time of the year.”
“This time of the year, the holidays, and everything becomes so much fun to watch children's faces."
"They don't care about the lights. We just need the break. Give us the break."
"The holidays are a time for reflection, but they're also a time for setting goals for the year ahead."
"The amount of opportunity you have to work with them, to work with their friends and family is incredible, regardless of what the overall national data is."
"Agents are making more money per transaction than they ever have."
"The lifetime moves that people make is still very similar, right? I mean, the average lifetime moves being over eleven moves in a lifetime."
"If you look at the opportunity, the lifetime opportunity that you have in your database, if everybody there has an average of eleven or more transactions over their lifetime, not only is that for them, that's also for the people they know."
"People will exit, people will come into this industry."
"As an individual agent, you can do a lot of business off of 4.5 million transactions."
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