Measuring your performance using real data from your sales can be a game changer for improving your real estate business as an agent. BrokerSumo can offer you an inside look at how you are performing and what your sales pipeline looks like so that you can become a more successful real estate agent. Here are four reasons reporting analytics can help an agent grow their business.
Monitor Your Performance
Every deal you close will be recorded in BrokerSumo’s software, giving you access to every single detail from the sale, including commissions, number of closed deals and sales volume. Are you curious about how you did this quarter compared to the same quarter last year? Easy.
All of the data is there for you to refer to when necessary. You can use this data to help determine your areas of strength and what areas need potential improvement. It’s a virtual way to track your performance and help improve the performance as well. Do you excel in selling homes in certain neighborhoods? Are there particular types of homes you sell more of? You can find all of this information with BrokerSumo.
Plan for the Future
Having data on all of your sales will give you the information you need to set future goals. How many homes did you sell last year? Use this as a gauge for increasing your sales for the current year or next year. How much commission did you earn? Try to increase it by 10 percent.
Not only can you set realistic goals for yourself backed by concrete data, you can also plan for what criteria you need to meet for the next year in order to maintain your success. The agent portal allows you to manage your transaction pipeline, agent billings, analyze your business and track your commissions, preparing you for the future.
Manage Your Income and Expenses
Are you spending too much on marketing yourself as an agent? BrokerSumo will run real estate reports to analyze your business and accounting reports to analyze your income and your expenses. This will help you stay on track financially and maintain your budget for your business. This information will help you allocate funds to specific needs and keep your bottom line healthy.
Having all of your sales information in one central hub will save you time and hassle when looking for information, whether it is for a meeting with a client or simply determining how much commission you earned from a home sale. Not only will you become more efficient and knowledgeable, you will be able to make better business decisions for yourself as an agent and for your clients.
Ready to see how BrokerSumo can amp up your real estate business? Sign up today to start your free 14-day trial to test out all of the features the software has to offer your business. BrokerSumo was designed for brokers looking to effectively manage and grow their business.