What is your time worth?

time

In real estate we quite often spend countless hours with  ‘potential clients’  where we do not see a return on the time we invest.

This is why you need to get clear on what your time is worth.

Let’s look at it like this..

If you want to earn say $250,000 in personal income for the year, you need to work out what your time is worth per hour.

 

Let’s say you only want to work 40 hours a week.    How much are you now worth per hour?

 

$250,000 divided by 52 weeks  = $4808

Divide by 5 days a week  = $961 a day

Divided by 8 hours =  $120 an hour

 

Your new anticipated hourly rate is $120 an hour.

 

If your time is worth $120 an hour, consider what tasks you should be doing in that hour.

This is the point I want to make –    When your hourly rate is $120 – Do not do letter-box drops yourself.    Pay someone a fraction of that, to do them for you.

Concentrate your efforts on income producing tasks such as listing appointments with qualified leads and buyer appointments with qualified buyers.

Don’t waste your precious time on anything less that what you are worth.

 

 

 

Lisa B. helps real estate agents to use the internet to kick butt online.

Prepare – Position – Profile – Promote – Profit

It’s easy when you know how.

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