4.8 • 2.1K Ratings
🗓️ 3 October 2023
⏱️ 43 minutes
🧾️ Download transcript
In this episode, Ryan Serhant, the King of New York's real estate scene, discusses his innovative approach to real estate, emphasizing the power of media and education in his real estate tech company.
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With a network of 12,000 salespeople globally, Serhant's company provides education and tips on selling, catering not only to real estate professionals but also those seeking sales expertise for various endeavors.
His company's headquarters, based in New York, offers a virtual platform that levels the playing field for all participants, making it accessible even to those with physical disabilities. He believes technology will revolutionize how buyers engage with realtors, offering the potential to leverage vast amounts of data to boost sales, even during economic downturns.
Addressing the issue of inflation, Serhant advises against keeping money in banks as it yields minimal returns.
He highlights the younger generation's comfort with online communities and virtual environments and aims to tap into this pool of talent. However, he acknowledges the challenges of online training and fostering a company culture.
Serhant's daily routine is divided into three parts: CEO responsibilities, prospecting, and property showings.
He observes New Yorkers' paradoxical nature—fearful of losing money yet driven by greed—and carefully considers their fears when making a sale. They are also easily manipulated by the news, as media plays a significant role in amplifying negative narratives for increased viewership.
Serhant discusses the rise of TikTok as a new form of entertainment and emphasizes the value of authentic, less polished content over highly produced advertisements.
He adopts a long-term strategy, seeking buyers years in advance and connecting with them through their preferred media platforms.
Serhant encourages his realtors to purchase and renovate their own properties, providing invaluable firsthand experience and a deeper connection with future clients.
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0:00.0 | By 2027, 50% of the U.S. workforce is going to consider themselves in some part of the gig economy, |
0:06.0 | which just means that sales is the skill set for that new economy. |
0:12.3 | Everything you do with sales, you know, if you're on video, you're selling yourself, |
0:16.3 | you could be selling a product, you could be selling really anything. |
0:19.2 | You just saw the house in Palm Beach for $50 million over video. |
0:22.7 | The key to selling is if you find out what the buyers are f***ing and you can get any deal done. |
0:29.3 | Today, I am in a different studio. |
0:32.7 | I am actually in, I'm going to call them the King of New York when it comes to real estate. |
0:38.0 | It's not Biggie Smalls. It's none other than Ryan Sairhant. What's up, man? |
0:42.2 | Welcome to my office. |
0:43.5 | This is a cool office, man. They gave me the tour and everything. |
0:46.4 | Yeah. |
0:47.1 | The building's amazing where you guys have built. |
0:48.8 | Yeah, thanks. |
0:49.6 | It's a lot more than a real estate brokerage, like a media company. |
0:54.5 | Definitely is. |
0:56.7 | We are a, well, you know, when I define the company to people |
1:01.5 | or real estate technology company powered by media, |
1:05.8 | grown through education. |
1:06.9 | So like that's our thing. |
1:09.1 | You know, we are known probably for our content to commerce for real estate. |
1:15.6 | We create 10 to 20 pieces of real estate content today that helps us sell the real estate we do. |
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