10 Years Post the Real Estate Crash of 2008- Is Another Recession Coming? And What Can You Do About It?
So what can a REALTOR® do to recession-proof?
Financial management practices stress the importance of diversification. There is an adage in financial circles that states "Diversify your risk away". While risk cannot be complete eliminated, diversification is a strategy that can be applied to the real estate industry.
Industry insiders advise diversifying your lead sources to at least 4. Explore alternative niche market and market segments. Consider diversifying your price points. Coach Tom Ferry states, live in your CRM, organize (diversify) by group, develop a diversified marketing platform for each group.