In this episode of Creating Confidence, Ryan Serhant shares his sales approach, which focuses on building rapport and helping customers make confident decisions rather than using high-pressure tactics. He discusses how his acting background and strategic use of multiple platforms—from television to social media—contributed to building his real estate business and personal brand.
The conversation also explores broader themes of success and confidence building, with both Serhant and host Heather Monahan sharing personal insights. Topics include the challenges young people face with social media pressure, balancing work and parenthood, and methods for building confidence in children. Monahan also describes her own experiences growing her podcast through strategic promotion and consistent audience engagement.
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Ryan Serhant shares his unique approach to sales, comparing it to a first date rather than a high-pressure situation. He emphasizes building rapport through getting to know customers, asking questions, and finding common ground. Serhant's strategy involves showing customers higher-priced options first, making their target price point feel more reasonable in comparison. He believes successful selling isn't about forcing decisions but rather helping customers confidently make choices they were already inclined toward.
Serhant has built his empire through strategic use of multiple platforms. His appearance on "Million Dollar Listing" served as a springboard for his career, despite being relatively new to real estate at the time. He actively works to make his name synonymous with real estate success through various channels, including social media, television, books, vlogs, and podcasts. Serhant's background in acting and comedy has enhanced both his real estate transactions and media presence, demonstrating how he effectively combines performance skills with marketing strategy.
Serhant reflects on how his father's strict upbringing, though initially resented, helped build his resilience and work ethic. He acknowledges the unique challenges today's youth face with constant social media pressure. Heather shares her experience balancing work and motherhood, describing how she's reframed business travel as an investment in her audience's value and her son's future, rather than just serving corporate interests.
Heather details her podcast's remarkable success, exceeding her monthly goal of 100,000 downloads through strategic promotions, careful guest selection, and consistent audience engagement. In parenting, she focuses on building her son's confidence by encouraging entrepreneurial thinking and teaching him to value self-worth over social media validation. When preparing him for experiences like sleepaway camp, she emphasizes focusing on positives and leveraging his natural ability to connect with others.
1-Page Summary
Ryan Serhant shares his insights on effective sales techniques, emphasizing the importance of building relationships and guiding customers rather than pressuring them.
Ryan Serhant differentiates himself from other salespeople by building rapport and reassuring customers about their choices, likening the sales process to a first date. He argues it’s crucial to avoid being overly aggressive. Instead, he suggests that salespeople should focus on getting to know the customer, asking pertinent questions, listening to their wants and needs, and giving compliments to establish a bond.
Serhant employs a tactic where he gets customers excited about a product beyond their initial budget, making the desired price point seem more reasonable in comparison. He shares an example where being shown an $850 product made $450 appear affordable, even if the initial budget was $250. Serhant applies this strategy in real estate by highlighting wow moments to show customers the relative value and then guiding them back to a choice that aligns with their original intent yet feels upgraded.
Serhant believes that a good salesperson considers whether a customer is interested in a one-time transaction or a longer-term relationship. He emphasizes that successful selling is about helping customers feel confident in decisions they were already inclined to make, possibly speeding up the process. He believes that selling should be seen not as taking from customers but as guiding them through their choices.
Whe ...
Sales Techniques and Mindset
Ryan Serhant has successfully leveraged television, social media, and authorship to construct a business empire and a personal brand synonymous with real estate success.
Heather discusses Ryan Serhant's expansive visibility across multiple platforms, explaining how it has been instrumental in building his business and brand.
Serhant recounts how his appearance on Bravo's "Million Dollar Listing" was a pivotal moment in his career, despite only having been in real estate for a year and a half. His goal to become the top real estate broker in the country is evident, and he acknowledges the role of the show in reaching that status. With millions of dollars in New York real estate sales and expansions across the country, Serhant illustrates the importance of building a reputation and brand associated with success.
Ryan understands the power of branding and consistently works on putting his name out there. He envisions his name becoming synonymous with real estate, which he believes will benefit his business in the long term. Serhant is active on numerous platforms, including social media, his show "Million Dollar Listing," his book, vlogs, and podcasts, all of which further his visibility and reinforce his branding strategy.
Though not directly stated, Serhant shares insight into his strategy similar to "inception," where he subtly influences others to want what he offers. He emphasizes the importance of putting his goals into the atmosphere and subscribes to the idea of positive thinking and vision boards. This strategy likely plays a role in how he communicates and presents himself, subconsciously guiding others to align with his vision, thus creating demand for his services.
Building a Successful Business and Personal Brand
Serhant and Heather discuss the various challenges faced by young people in building confidence in a digital age and the struggles of working parents in balancing professional growth with family life.
Serhant reflects on his childhood experiences that shaped his ability to handle rejection and peer pressure. He notes the importance of personal connections and the unique challenges faced by young people today, who must contend with the pressures from social media platforms like Snapchat. This constant connection means kids now have to face pressures from peers around the clock. Serhant does not delve into specifics about his father's approach, but he details his initial resentment of his strict upbringing, only to realize its benefits later. His father instilled the value of work, which deeply influenced his work ethic. A poignant memory Serhant shares is of being marched down to knock on neighbors' doors to make friends, a terrifying yet formative experience that helped him build confidence and social skills.
Heather opens up about the difficulties of meshing her aspirations in business with her role as a mother, especially when her son was younger. Recalling the heartache of leaving behind her young son who couldn't understand her absences, Heather admits to the emotional toll of hearing her son's distress over the phone during her work commitments.
Although no additional information is provided, Heather offers a perspective on how her views towards business travel have evolved. Now seeing her trips, such as those to New York for business meetings, as in ...
Confidence and Success Challenges for Young People and Working Parents
Heather shares her experiences in the realms of podcasting and parenting, detailing the systematic approach she took to surpass her podcast download goals and the strategies she employs to foster her son's confidence.
Heather set an ambitious vision for her podcast, initially aiming for 30,000 downloads, but aspiring to reach a million within the first year. She credits her listeners for helping her exceed her monthly goal of 100,000 downloads, which she has surpassed in the show's first month, thanks to their subscriptions, ratings, and reviews.
To achieve her goals, Heather focused on strategic promotions, carefully selecting guests who would post about her podcast, and utilized her circle of influence for support. She responded to every direct message and consistently engaged with her audience. Heather emphasizes the importance of creating a strong product to attract and retain listeners. She also mentions utilizing social media for promotion and as a method to drive listener engagement.
Upon her return from New York, Heather was thrilled to find her podcast had achieved over 100,000 downloads, greatly exceeding her initial expectations. She thanks subscribers for their role in this success and shares the importance of Apple Podcasts' algorithm in helping promote shows like hers. She encourages her listeners to envision success and push themselves as she has done.
Heather prides herself on instilling confidence in her child, encouraging him to embrace his self-worth and teaching him the value of not seeking validation from social media. She illustrates this with anecdotes about her son, who demonstrate ...
Heather's Personal Journey in Podcasting and Parenting
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