It was great to get away for a few days, yo.
We were sitting at dinner. Jim Olenbush, Claire Adams, Jolenta Averil and I. We were thinking about the real estate industry, Zillow / Trulia, syndicators and I was trying to put things into an economic perspective. Everyone seems to be worried about the potential of a merger between the two. And then it came to me.
Mark Spain’s Team in Atlanta is more profitable than Zillow. Forget stock valuations. Forget the latest power grab of this syndicator vs that. Who is actually MAKING money. Zillow kinda zucks at making money. That is my zestimate. 😉 They are pretty awesome at quarterly investor calls and bold strategies to woo investors in an overheated stock market tech sector that invests money in stuff like Yo., yo. 😉 Gotta admit that was fun, yo.
Wall Street Does what wall street does. It is a free market and God bless them. They can choose potential domination down the road over current profitability. Okayfine. The REALTORS who take care of their customers and agressively seek their customers’ good will win.
And Mark Spain is not the only one more profitable than Zillow!
Other people can be more profitable than Zillow too.
A few of my other friends are as well.
Ryan, Gary, Carolyn etc etc… the list goes on and on.
Focus on your customers. Build your business. Kris made a great point about this at the conference. Zillow is only one competitor in the online real estate market place. Focus on your stuff, pay it forward, and rock on. Kris, you earned some major respect points for me with that comment today. And all of the sharing that you did as well.
So as for RE/MAX or Keller Williams. How many of your teams are more profitable than Zillow? Methinks it is more than a few. Maybe we should start a hashtag: #moreprofitablethanzillow
If your teams is more profitable than Zillow,let us know. Post about it. Write about it and share. Comment about it below. 😉
Oh yeah…you are asking how profitable they are? Glad you asked:
Buried in all of the revenue numbers, you will find that. A first quarter loss. I understand it. I get it. They continue to use the $5.8 Billion of Wall Street money to go after revenue at the expense of profits. But the bottom line is well ummm the bottomline. 😉
So if you turned a profit in the first quarter of 2014, CELEBRATE. You made money. Focus on your customers.You are more profitable than Zillow. Life is good. 😉