Finding new revenue streams can level out the highs and lows of commission sales.

By
Real Estate Agent with Better Homes and Gardens Real Estate Metro Brokers

New revenue streams can level out the highs and lows of commission sales.One of the primary downsides of being a commissioned salesperson is that it is nearly impossible to predict future income.

In real estate there are often revenue lulls caused by delays, technical issues, and bad markets. As a result, it is possible to go for weeks or months at a time with no income at all.

Many seek additional revenue streams to level out the ebb and flow of business. Often even a few hundred dollars here or there can make a big difference.

Owning rental property is often a good fit for a real estate agent, because it is a natural real estate discipline that intertwines very nicely with the profession.

Others seek part-time employment that does not interfere with their full-time real estate career. We have several agents in out office that drive a school bus in the morning and afternoon, which not only adds a tidy income but also provides them with health insurance benefits.

Another good source of income is performing ministerial tasks for agents that are very busy. Very often an overwhelmed agent will pay for taking photos, putting out signs, and doing marketing chores. It’s a great way to maximize the benefit from the marketing infrastructure that you already have in place.

My current option of choice is online advertising. I have been doing it for years and it requires very little or no effort on my part and provides a steady stream of ancillary income. I do it by direct sales and also by partnering with the large search engines. Monetizing content is a great way to pick up a few bucks on a regular basis.

I’m sure that there are many more ways to make a few extra bucks here and there, It just takes a little creative thinking and a bit of extra effort to keep the revenue stream flowing!

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Topic:
Real Estate Best Practices
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income strams
revenue strams

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Rainmaker
437,009
JL Boney, III
Columbia, SC Real Estate
Russell and Jeffcoat

I am sure that given the marker over the past few years there have been a lot of agents out there finding out ways to supplement their income.

October 08, 2012 02:15 PM
Rainmaker
412,608
Patty Da Silva, Davie, Southwest Ranches Cooper City, Plantation, Weston, REALTOR
Top Listing Broker
BROKER of Green Realty Properties® - 954-667-7253

Looking forward to the next post!

October 08, 2012 02:24 PM
Rainmaker
1,657,483
William Feela
Realtor, Whispering Pines Realty 651-674-5999 No.
WHISPERING PINES REALTY

That would be a great way to earn a few extra dollars.  May need to look at that.

October 08, 2012 03:24 PM
Rainmaker
527,712
Don Sabinske
Sabinske & Associates Inc.
Don Sabinske, Sabinske & Associates Inc.

Great options and I have bookmarked this.  I have a contract for deed property that I own, but I might want to buy another rental or two when that is paid off.

October 08, 2012 04:03 PM
Rainmaker
652,288
Cindy Edwards
CRS, GRI, PMN - Northeast Tennessee - 423-677-6677
RE/MAX Checkmate

Hi Richard,

I do bpos , not a lot, but maybe 6-10 a month.  I also have rental property that helps out a lot.  Just a little extra income per month.  I don't think I could take on a part time job.

October 15, 2012 05:30 PM
Anonymous
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Richard Weisser Coweta Newnan Homes for Sale
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Additional Information

Author Bio: Richard Weisser is a Georgia real estate broker, licensed auctioneer, and has been writing about Georgia Real Estate since 1999.

Coweta Fayette Real Estate offers opinions and helpful information to consumers and real estate professionals in the Coweta County Georgia area.

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