You do too!
So how do you know if you should hire a coach? They’ll tell you professional athletes have a coach; heck, even non-professional athletes have a coach. YOU NEED a coach. There’s business coaches, personal and life coaches, career coaches, executive coaches, even purses by Coach.
The Coaches
There’s Mike Ferry. “Ugh, he’s the king of cold calling.” There’s more to it than that. The best thing about Mike’s program is that he delivers on what he says. He says he demands the best out of his coaches, he means it. He says he’s going to give you all the scripts you need to have an answer for everything; he does it. He’s going to put you on a schedule, get ready. Your schedule is coming. Videos. Superstar Retreats. Action Workshops. It’s all available for you to take advantage of. In my experience with the Ferry Organization, the coaches were, by far, the best I had ever worked with. My coach called on time, every time. She was prepared. She knew where we left off, what tasks I was to have completed and where we were going next.
Brian Buffini
Yep, did that one too. It’s a much softer program, designed for the agent to nurture family, friends and past clients. I haven’t been in the program for quite sometime; I know there have been major changes, but the premise is still the same: send a monthly item of value, call behind that item, visit occasionally. The downside is that if you have a small family and center of influence, you’re going to struggle. You need a way to gain new business. I went through three coaches who were only mildly interested in my business. I was the coach for one of them who had no inhibitions whatsoever in telling me her woes.
Joe Stumpf, By Referral Only
Guess what? Did that one too. Joe’s website is the most prolific I’ve ever seen. Every idea that’s ever been created is on that website. There’s no reinventing the wheel with this one. Stumpf has created a community through his website, blog and Main Events. There’s a lot of networking in an upbeat, high-energy environment. At the time I was involved in the coaching, I wasn’t impressed. I was basically left on my own to maneuver through the site and come up with a plan.
The Lessons
I’ve learned a great deal from these programs; and it’s cost me a fortune. Here are a few things that I learned the expensive way: If you’re not ready to learn what they’re teaching, forget it. It’s a waste of time and money. Find out what the core of the program is; if it doesn’t suit you, move on.
If you’re not doing what it takes now, how is hiring a coach going to change that? Yeah. Yeah. I know about accountability, but you still have to cooperate. Hiring a coach isn’t going to make you a different person.
Lastly, you don’t need a coach. You need to work hard. If you’re not working hard – call me. I’ll kick your a** – for free – once or twice. Need more? Hire a coach.
Ines
March 2, 2008 at 3:28 pm
Hey Vicki – I think you are now qualified to be a coach- maybe you can charge to kick people’s a$$!! 😉
Faina Sechzer
March 3, 2008 at 6:47 am
Vicki- this is the best (for sure, most entertaining) “what you get for your money” I have read about the RE coaching. Don’t give away the kick a…for free -that’s priceless:)
Vicki Moore
March 3, 2008 at 2:37 pm
LOL. A** kicking is priceless!
Steve
March 19, 2008 at 11:26 pm
Great post about Ferry…something I recently came across about him…very interesting (second part of this post..)
Rhymes With Ferry
By: Russell Shaw, NoHassleListing.com, Post Archive, RSS Feed
Posted: Wednesday, March 19th, 2008, 9:29 pm MST
Category: General, Marketing, Realty Reality
A couple of things. First, the largest real estate company in Arizona (based on number of agents) is now Homesmart. Homesmart was already pretty damn big but on Tuesday it was finalized – they bought Dan Schwartz Realty. Dan Schwartz Realty was, itself, was already one of the top 3 companies in the state for number of agents. So was Homesmart. It is my understanding that – at least for now – both companies will continue to operate with their current names.
A Little Bird Told Me
And now for the “big” news. I’ve just received a report that Mike Ferry’s coaching business is falling off. Big time. I have long considered him a predator, so I am happy to hear this. His company has had a pattern of high pressuring agents (who attend his free seminars) to sign up for coaching. Coaching is pretty much all he really sells – his events being a giant sales pitch for getting coached by his organization. For those who don’t follow the Mike Ferry coaching advice or who find it unworkable they are in for an additional shock, besides not having all that additional income they were sure to get. If they attempt to cancel their relationship they discover – as they have signed a contract – their account will be turned over to a collection agency.
It now happens that the state of California (EDD) recently ruled that all the coaches (I think he has averaged about 60 coaches at any given time since 1999) he has been paying as independent contractors are legally employees. Mike appealed and lost. Prediction: a big fine will soon be levied by California and I’m guessing the IRS will soon do the same. Also, from the very same little bird: a lawsuit from ex-coaches will soon be filed and made public to recover any money not recovered via the taxing agencies. My prediction: he will be out of money before any of them can collect anything.
Mike, once you see this you can have one of your attorneys send me a nice threatening letter. Here is my contact information.
tomferry
June 30, 2009 at 12:36 pm
Vicki … I would welcome you to test out our coaching program so you can add it to your list!
Tom