As a real estate agent, you are always looking for ways to increase your income. With the changes in the market and the economy recently, how can you make more money without having to find more clients? It might sound too good to be true, but it is possible by taking on side hustles in addition to your regular real estate work.
There are a number of different side hustles that are perfect for real estate agents. From conducting showings for other agents to becoming a property manager, there is no shortage of opportunities to make extra money. And the best part is that these side hustles can often be done on your own schedule, so you can still focus on your regular clients.
Here are 10 side hustles to consider if you want to make more money as a real estate agent:
Conducting showings for other agents
If you have some free time during the week, why not conduct showings for other agents? This is a great way to make some extra money and it can often be done on your own schedule. Plus, it’s a great way to see new properties and meet new people.
Becoming a virtual assistant
As a real estate agent, you already have a lot of experience with administrative tasks. Why not put those skills to use by becoming a virtual assistant? Virtual assistants can make a great income by helping businesses with tasks like scheduling appointments, handling customer inquiries, and managing social media accounts.
Learning how to stage
Staging homes is a great way to increase the value of a property and it can also be a great way to make some extra money. There are many online courses that you can take to learn how to stage homes professionally. Once you have the skills, you can start offering your services to clients who are looking to sell their home.
Becoming a property manager
If you enjoy working with people and have some experience in customer service, becoming a property manager could be the perfect side hustle for you. Property managers are responsible for tasks like showing properties, collecting rent, and dealing with maintenance issues. This side hustle can often be done on your own schedule and it can be very rewarding. Just make sure to discuss this one with your broker.
Offering home organization services
Is your home always clean and organized? Do you have a knack for organizing things? If so, you could start offering home organization services to clients who need help getting their homes in order. This is a great way to make some extra money and it can often be done on your own schedule.
Conducting estate sales
If you enjoy working with antiques and collectibles, conducting estate sales could be the perfect side hustle for you. Estate sales involve appraising and selling the belongings of people who have passed away or are moving into assisted living facilities. This side hustle can be very profitable and it’s also a great way to meet new people and learn about different cultures and lifestyles.
Fixing and flipping houses
Not only does this provide an opportunity to learn new trades but if timed correctly this could result in making more than double what the original investment was.
For many websites quality photos are hard to come by which gives those with an eye for detail an opportunity to capitalize off of their hobby.
Notary for mobile closings
In today’s world people want convenience now more than ever which has given the rise to mobile businesses such as food trucks etc., being able to offer notary services out of one’s car opens up opportunities.
Offering home cleaning services
After someone moves into their new home they often don’t have the time or sometimes even the energy to deep clean their new place giving those willing a chance to earn some quick cash while helping out somebody in need.
Real estate agents are always looking for ways to become more efficient and still maintain their income level or even exceed it. The key is finding creative solutions that fit within the realm of real estate. By providing additional services that fall within the scope of real estate transactions real estate agents open themselves up not only to making more money but developing deeper relationships with their clients. Who knows one day that client might refer somebody else in need of those same services.
In short by thinking outside the box when it comes to providing services related to the real estate industry real estate agents set themselves apart from others in the field. What other creative solutions have you used in order to increase efficiency or revenue? I would love to hear about them down below in the comments section.
Even with the ups and downs of the real estate market, there are always things you can control in your business. By focusing on your attitude, work ethic, knowledge, relationships, and marketing efforts, you can set yourself up for success no matter what the market conditions are. If you need more help growing your business, sign up for my 90 days to Success Coaching Series. In just 90 days, you’ll have a clear plan for taking your business to the next level.
If you’re looking for more ideas to implement into your real estate business to achieve success, be sure to read The Standout Agent, available on Amazon and everywhere books are sold. There’s a reason why it quickly became a #1 seller!
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Until next time…