Ryan Serhant, CEO of SERHANT, joins the podcast to discuss the importance of creating demand in business relationships. He shares insights on sales skills, entrepreneurship, and the emotional aspects of being an entrepreneur. Topics include fear of judgment, content creation, personal branding, AI impact on salespeople, and leveraging social media for real estate success.
Creating demand as a real estate agent can be achieved by producing personalized social media content that showcases expertise and knowledge about the market.
Agents should embrace artificial intelligence in the real estate industry by focusing on areas where they can provide unique value, such as building personal brands and creating resonating content.
Deep dives
Creating Demand through Content Creation
One key point discussed in the podcast is the importance of creating demand as a real estate agent. The speaker emphasizes that while there are various methods for generating demand, such as cold calling and networking, the most effective approach in today's world is to create as much social media content as possible. By making individualized content that showcases expertise and knowledge about the market, agents can attract potential clients. The podcast provides an example of an agent using social media to talk about the local school systems or other relevant topics, which can lead to gaining clients.
The Impact of AI and the Need for Adaptation
Another main idea explored in the podcast is the influence of artificial intelligence (AI) on the real estate industry. The speaker explains that AI is progressively automating mundane tasks, which may affect the advantage of certain agents who excel at those tasks, like cold emailing. The speaker encourages agents to embrace AI rather than resist it and advises them to focus on areas where they can deliver unique value. This includes building personal brands, leveraging platforms like LinkedIn for targeted advertising, and creating content that resonates with potential clients.
Delegation, Systems, and Judging Oneself Less
The podcast also delves into the topic of building operational teams and developing systems and processes. The speaker acknowledges the challenges that come with juggling multiple responsibilities and offers some practical advice. Firstly, they emphasize the importance of not judging oneself when things go wrong, attributing it to the nature of having multiple responsibilities. Secondly, they stress the significance of valuing one's direct reports and surrounding oneself with individuals who excel in areas that one may not enjoy or excel in, such as operations. Lastly, the speaker highlights the importance of being kind and confident, as well as being open to adaptation and learning from failures along the way.
On today's episode of the podcast, I'm joined by real estate broker, CEO, and founder of SERHANT., Ryan Serhant. We discuss the intricacies of building genuine business relationships and why creating demand is more crucial than just focusing on sales. Ryan shares his insights on the importance of sales skills in entrepreneurship and why he believes he's building something monumental. We also dive into the emotional aspects of entrepreneurship, discussing how self-judgment can be a hindrance and why fear of judgment should not stop you from creating content. you won't want to miss this episode. It's packed with entrepreneurial wisdom, sales strategies, and life lessons.