I am keen to switch career as RES. What is the estimated bugdet to set aside for all expenses in printing flyers, advertisement and etc for the first 3 months upon receiving RES license?
Posted by Matrix - Apr 4, 2013 - Viewed 113 times
Answers (7)
Mervin Tang
Posted Apr 6, 2013
Hi Matrix,
Thank you for your question on approximating the costing.
Thank you for your question on approximating the costing.
As part of your transition to become a RES, there are 2 elements that you need to look closely at,
Fundamentally they are broken down into 2 parts:
A) Your Business Plan
B) Your Financing Plan
Bear in mind that the above 2 plans are one and the same, and failing to take into full consideration the above is a sure recipe for disaster. Given that ALL New Associates coming in the industry have a limited "Shelf Life", it is vital that much consideration be given to the above.
The question you have posed in the above are in direct relation to the FINANCING PLAN in "B". However you have lacked to clearly define your Business Plan.
For example, are you looking to start in Resale? Rentals? Project Launches? All the above have their own marketing approaches, and corresponding costing involved. Furthermore, the assumed 3 month time frame that you have stated assumes you close deals immediately upon receiving your license.
This is not the industry norm. Most new associates do not close anything for up to 6 months. However, if you join the right mentor, ride on the right team culture and working environment, thus far I have yet to have an associate not close anything by the time they have reached month 6.
Lastly, the FINANCING PLAN needs to include all your personal expenses, and then, taken as a function against your total savings to determine your "Shelf-Life". Your mentor-to-be needs to be acutely aware of your "shelf-life". Failing which, the outcome would very much be in question even before you take your first step.
I hope the above adds some clarity to your question. The above are vital steps in planning your career, any shortcuts here would seriously jeopardize your prospects of success.
Planned well, your first step as a RES will be the start to a rewarding and fruitful career!
Good Luck!
Best Regards,
Mervin Tang
Senior Marketing Manager
Division Lead Trainer, Project Sales
CEA Reg No. : R030951Z
Huttons Asia Pte Ltd
Mobile: (65) 9184 0208
Website: http://www.SGrealestate.sg
Sales Enquiry: mervintang@SGrealestate.sg
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