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Old 02-19-2007, 02:43 PM
Sam Dodd Sam Dodd is offline
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Default Which "Ferry" is better?

I have come to a point in my real estate career where I think I might benifit from a coach. Not so much for the accountability but for the new ideas and new systems they would bring to the table. So I am wondering from your experance which is the best coaching service currently avalible? It doesnt have to be with Mike or Tom Ferry. I will look at all options and decide based on people experances and the programs offered.

I would love to hear everyones opinions on Coaching in General as well as who has the best coaching system around.
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Old 02-19-2007, 02:48 PM
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Default Re: Which "Ferry" is better?

I dont know about Mike, but I just dropped my membership with Tom.

I was completely unsatisfied and amazed on how little "attention" they would provide for the individual for the amount that was being paid monthly to them.

Very frustrated and very P.O'd

Yes, they have "systems" but it's nothing new... all the same stuff you've heard or done elsewhere. The ONLY good thing I can pull from it is the fact that after every seminar i DID feel motivated to "get going". Other then that... dont WASTE your time or money on "Coaching"

I will probably attend another seminar... in the future.
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Old 02-19-2007, 03:36 PM
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Default Re: Which "Ferry" is better?

Hi, I think it depends on the business model you would like to adopt. Mike Ferry, Floyd wickman, Roger Butcher and others preach a tried and true old school type of system and scripts that obviously work or they wouldn't have the followings they have. BUT.....it can be daunting for many to go this route for a long period. Others such as Craig Procter, Brian Rodgers, Rob Tucker an so on teach more of a reverse prospecting or direct response marketing style of doing business wich again appeals to many as consumers tend to call you when using these systems. BUT.....they can be costly to run if you are not careful and if you refuse to stop listening to the other 95% then you will never truly reap the rewards you deserve when running these systems. Finally we come to the Joe Stumpf's, Brian Buffini style wich is heavily weighted into refferals wich is good if you have a past client base or a sphere of influence. BUT....getting quick business from this model is not always the case and you could starv before it really starts to take off for you, wich it will if you follow their systems. So there you have it, there are many coaches and trainers other then these guy's but they make up the vast majority of styles out there. So pick a business model you would feel comfortable with .....then start to research a coach in that style or genre. I have spent months researching all so if you wish to know my opinion on the above mentioned and many more just pm me. Cheers
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Old 02-19-2007, 10:31 PM
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Default Re: Which "Ferry" is better?

I have gone to several Mike Ferry seminars over the years (Action workshops and so forth) and have sent for tapes (in the old days) and mp3 downloads of their superstar retreats (mostly around $50 a pop) and downloaded their free scripts. I get a lot out of them, I like Mike's no nonsense approach. Works well for agents that have been around awhile....

I never signed up for coaching, tho. You get lots of sales pitches for the coaching in the downloads, but I think you can get most of his basic concept from the tapes and downloads. They want you to call call call call call call call. And then they want you to call some more. after that, more calling.

I don't need a coach to tell me to do that. I just need to look at my bills. I'm not going to pay someone $1000 a month (its probably gone up) for one 30 minute call a week where they hammer you with "how many calls did you make this week" etc.

They also have some fairly inane dialogs like "When are you planning on moving?" as an opening line cold call. I cherry pick the scripts that makes sense to me.
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Old 02-19-2007, 10:58 PM
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Default Re: Which "Ferry" is better?

Quote:
Originally Posted by Dan Connolly View Post
I don't need a coach to tell me to do that. I just need to look at my bills. I'm not going to pay someone $1000 a month (its probably gone up) for one 30 minute call a week where they hammer you with "how many calls did you make this week" etc.
My thoughts, exactly. In essence, you pay them to hold you accountable to do what you probably already know you need to do. If paying $1,000/month gets you motivated to produce, then it may be worth it. However, the only ones I hear rave about coaches are either high producers who have Tom or Mike as their personal coach, or the agent-coaches themselves. My wife thinks she is my coach..but in reality, she just gives me the motivation boot daily. No need for another coach!
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Old 02-19-2007, 11:25 PM
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Default Re: Which "Ferry" is better?

I just started a coach program and it was nowhere near $1,000/month! I did it because I've been doing real estate for 4.5 years and have had the tools and buyers but lack the motivation and accountability to get ahead. I don't want to give the name of the coaching program I went with yet because I want to sacrifice myself to the cause and then if it works out I'll let you know.
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Old 02-19-2007, 11:28 PM
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Default Re: Which "Ferry" is better?

http://www.realestatewebmasters.com/thread10912.html - Might want to check out this thread as well
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Old 02-20-2007, 05:22 AM
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Default Re: Which "Ferry" is better?

Quote:
have gone to several Mike Ferry seminars over the years (Action workshops and so forth) and have sent for tapes (in the old days) and mp3 downloads of their superstar retreats (mostly around $50 a pop) and downloaded their free scripts. I get a lot out of them, I like Mike's no nonsense approach. Works well for agents that have been around awhile....

I never signed up for coaching, tho. You get lots of sales pitches for the coaching in the downloads, but I think you can get most of his basic concept from the tapes and downloads. They want you to call call call call call call call. And then they want you to call some more. after that, more calling.
I do what Dan does and just pick up their main ideas and use them. For example, Craig Proctor has almost daily coaching calls that are free. If you listen a while you will pick up his plan. Also Millionaire Real Estate does a 1 hour interview with a top producer once a week. They are every Monday afternoon and you can learn a lot from these guys - most produce more than 1 million in gross commissions. All these guys have different tactics so when you here something that is a good fit for you - you can use it. Also, as you listen to different top producers - you will here some common threads. I think these are the best practices that you will want to follow.

I need these kicks to keep me going but I think a "weekly coaching call" would not be helpful to me.

Most of the coaching programs will give you a free session to introduce their product. I have tried some of these and been mostly underwhelmed with the level the coach was on. You might find one that is a good fit for you. Different people respond to different motivations. As I said - it is not for me but everyone is different.
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Old 02-20-2007, 05:24 AM
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Default Re: Which "Ferry" is better?

This is very interesting stuff. Keep the opinions coming as I haven't made up my mind yet. If anything you guys are keeping me away from coaching.
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Old 02-20-2007, 06:51 AM
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Default Re: Which "Ferry" is better?

In light of this thread on coaching, can anyone recommend a coach on internet lead capture. We are getting a lot of traffic, but not sure where to go with it. I know I need some login stuff, maybe a better IDX solution, then some drip email systems, but not sure what and how much.

BTW, Cedar, it's been my experience that realtors and realtor training is so incredibly technology deficient that you would probably be disappointed. If you are looking for coaching, definitely make sure the coach you choose is net savvy.
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