Monday, December 21, 2009

Are we always children?


Where is your inner six year old when you need them?
Author: Sue Barrett on 21 December 2009 Print


Sue Barrett is a Thought Leader on 21st century sales training, sales coaching, sales leadership, sales capability and sales culture. She practices as a coach, advisor, speaker, facilitator, consultant and writer and works across all market segments with her skilful team at BARRETT. They help people from many different careers become aware of their sales capabilities and enable them to take the steps to becoming effective, and productive when it comes to selling, sales coaching or sales leadership. Sue and her team are your first and best reference when it comes to forging out a successful career as a competent sales professional and leader . If you have an idea, capability, product, service or opportunity that can benefit another and make their life better in some way then Sue says you need to be able to sell - ethically, honourably, and effectively. To hone your sales skills or learn how to sell go to www.barrett.com.au.

One of the biggest issues for sales people is knowing the right questions to ask customers.

In our experience many people complain of not knowing how to structure questions, or knowing what type to ask and when to ask them. In fact, we have found that many people are often caught wanting in the questioning department and suffer from what we call 'amnesia questionitis'.

Why is this so? Why are so many people paralysed when it comes to the vital skill of questioning?

If you have been around any children aged from three to six years old you will know that they do not suffer from 'amnesia questionitis'.

In fact they never stop asking questions. It has been shown that asking questions and seeking answers comes naturally to all of us and as children we excel in this area. They also excel at listening too. The two skills go hand in hand.

Everyone is born curious to some extent, that is how we find out about the world. As children we want to know how things work, why this happens, where things come from, etc. Children will keep asking until they get a satisfactory answer.

Only the other night my eldest son asked me if I was ever afraid of the dark. It was a great question because it showed me a number of things about my 11 year old son:

1. He still had the desire to know about things and felt safe and confident to ask me.
2. He clearly wanted to talk about this now.
3. He wanted to understand why this happens and was he the only one it happened to.

As we explored the topic he realised that most people feel or have felt afraid of the dark at some stage and that it is quite normal. I shared with him how I felt and what I used to do about it. He also came to his own conclusion that it was his imagination that was making him feel afraid at times and that he could control that too if he wanted and how funny it was that you could let your mind trick you. We had a great chat and it was easy and enlightening.

I have lost count of all the questions my children have asked me to date, but I love this quality about my children. By them asking me so many different questions I have learned so much about them, myself and the world we live in. For instance, I have been able to answer questions I didn't get answers to when I was little but had been on my mind since I was six or seven. I want to point out that I don't always answer all of my children's questions, I have also taught them how to answer questions for themselves through reasoning skills and self inquiry. When we can't answer something the saying in our family is 'Google is your friend'. My mother laughs every time I tell her about my children's questioning abilities because she says 'that sounds exactly like you'.

You have probably gathered by now, especially those who have been reading my articles for some time or those who know my work that I never stop asking questions. It is a life skill that I cherish dearly. It has opened up so many doors for me and made me a much better person for doing so.

So it saddens me when I meet people who feel they are unable to ask questions or do not know where to start or feel they need to be given permission to do so.

What happened to their natural ability to ask questions? It seems that as we grow up, many of us seem to lose the desire to ask questions. Maybe it was because we lost some of initial curiosity because we get caught up in the day to day grind and just want to rest.

Maybe we have been taught to not question. Often at school we were taught to receive the 'right' answer rather than to question it. Although I, personally seemed to ignore this one at my peril sometimes.

Maybe some children were never listened too and instead ignored so they never had their questions answered so they eventually gave up.

Others of us became self-conscious, wanting to fit and so didn't question the prevailing paradigms of the time or situation. Or we did not want to appear stupid if we as a 'dumb' question. Again I ignored these too.

I find when we facilitate workshops that I have to state to the participants that there is no such thing as a dumb question and you should question things. I encourage them to test assumptions, work things through, ask 'why?' and 'how?', etc. I inform them that I am not there to tell them what to think but to show them how to think.

When prospecting or selling I often say to people 'What is the worst thing you will hear if you ask someone for a sale or an appointment?' A 'No'. Big deal. At least you know. The worst thing is not asking at all because then you will never know.

Asking questions implies that you are using 'thinking' as a skill. Thinking requires effort. As Henry Ford said 'Thinking is the hardest job going around that is why most people don't do it'.

Maybe people are lazy and just don't care. But I don't think so. Why would we get so many requests about how to ask good questions? Yes there is skill in knowing what questions to ask, when and how to ask them – for instance we have a workshop solely dedicated to this topic.

However, the purpose of this piece is not to go into what questions to ask but why are so many of us lacking in this area?

When we don't ask questions we are at risk of accepting what we are told is true. This can then lead to all sorts of issues such as:

* being told something is true when it is not.
* making assumptions and being caught out taking the wrong approach.
* being misled and losing out as a result,
* acting unwisely and causing harm to yourself or others.
* giving people what they don't need.
* creating more problems than there were before.

We need to bring back our six year olds – in a slightly more professional form of course and find and reignite our natural talent for questioning again because:

As Arlene Harder stated:

"When we are able to push ourselves beyond what we assume we know and what others tell us is true, and when we explore whether or not the opinions of others make sense to us, we can see the world with new eyes.

The willingness to question our most cherished assumptions is the first step in finding a new perspective on the conflicts and extremism that divide us today. Just as a pebble thrown into a pond creates ripples that spread out in wider and wider circles, people who ask interesting, fun, and challenging questions of themselves, and of others, can form the nucleus of an energy that can turn the world around.

The more we are willing to go beyond easy answers, the more likely it is that we will find common ground with others. Also, knowing that others are asking the same questions we are asking, even though they may arrive at a different conclusion, connects us all in a new way."

Effective questioning is a vital life skill that should be cherished and exercised on a very regular basis. It affects every aspect of our lives on professional and personal levels.

Questioning does not tell you what to think it shows you how to think.

So ask yourself the question: "how do you encourage effective questioning in yourself and your team?'

Remember: Everybody lives by selling something.



Click here for blogs from Sue Barrett.

Friday, December 11, 2009

Investor Heaven ??? Maybe

“Investors will flood market in 2010”:

PRD Nationwide

Wednesday, 09 December 2009


Australian Property activity is expected to increase in the first quarter of 2010, thanks to strong demand from investors and upgraders.

PRD nationwide research director Aaron Maskrey on Wednesday claimed that he expects to see investors fuel the majority of activity in the property market throughout 2010.


“I don’t think we can expect to see the high level of capital gain experienced in 2007, but I can say that the pain experienced in 2008 is over. So, it is all good news from here,” he said.


Mr Maskrey recently completed a report detailing Brisbane’s property hotspots for 2010.

Based on their locality to public transport, the CBD, amenities and employment opportunities, Mr Maskrey said the Brisbane suburbs of Chermside, South Brisbane, Annerley, Fortitude Valley, Hemmant, Indooroopilly, Cannon Hill, Bracken Ridge, Woolloongabba and Red Hill constituted the top picks for investors.

“Moving in to 2010, investors will be enticed into the market as rents increase and a declining number of first home buyers enter the market,” he said.


PRDnationwide research anticipates investor finance commitments to increase to around 30 per cent of total finance commitments – which is to a level experienced prior to late 2008.

“A recent survey shows the majority of investors, 52 per cent, believe that Queensland is past the bottom of the property cycle which is good news indeed for 2010,” he said.


“We have already seen increasing levels of activity in most suburbs, and as activity increases, expect prices to follow suit.”

Are interest rates the key or do we disregard minor movements

Home sales to surge in 2010: Ray White
Friday, 11 December 2009
A robust residential property market is forecast for 2010 provided interest rates don’t climb too much higher, according to Ray White.
Ray White has enjoyed strong property activity this year, with more than 4,215 auctions listed over the past 12 months in NSW alone.
“These results show that the market has been coping very well with rate increases,” Ray White NSW CEO Stephen Nell said.

Anthony Kassis of Ray White agreed, telling Real Estate Business that auction sales in the Maroubra and Mascot areas have been exceptional, despite it being the lead up to Christmas, which is traditionally seen as a quiet period.
“Auction sales have done very well this year and continue to do so, with prices moving up by about 10 per cent [compared to last year],” Mr Kassis said.
“We recently sold a two bedroom residence at auction for $965,000 – about $130,000 over the reserve price, which was astounding.”

Off the plan sales have also been doing extremely well, according to Mr Kassis, who said the agency recently sold 65 units off the plan in Dulwich Hill.
“Off the plan sales are popular right now, particularly in this economic climate, because they enable buyers to save money over the next 12 months or so while having the ability to lock in an early interest rate,” he said.

But despite the currently positive outlook, Mr Kassis said if variable home loan interest rates were to hit 7.5 to 8 per cent, the market would see a downward shift.

Aren't our homes big enough yet???

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Investors seek larger properties

Friday, 11 December 2009

More people are choosing to live alone than ever before, but investors are overlooking the growing popularity of smaller apartments, according to a survey.

PRDnationwide’s recent survey revealed that investors are seeking apartments between 81 square meters and 101 square meters, with only 4 per cent considering apartments under 50 square meters.

Yet, figures from the Australian Bureau of Statistics showed around two million people aged 15 years and over are living alone.

Over the last couple of decades, the proportion of people living alone has increased from 9 per cent to 12 per cent.

And this number is projected to increase to 16 per cent (3.1 million) over the next 20 years.


PRDnationwide national director Jim Midgley said despite statistics suggesting more people were living alone, two-bedroom apartments were still the most popular option for investors, followed closely by two-bedroom-plus-study and three-bedroom apartments.

“This is possibly due to the perception that the rental market is more accepting of two-bedroom units ahead of one or three-bedroom options,” Mr Midgley said.

Thursday, November 26, 2009

CRAZY MONEY ! ! !

Unfinished mansion sale highlights market strength
An unfinished Gold Coast residential mansion has been sold for $17 million.
The mansion on Hedges Avenue, Mermaid Beach, was purchased last year for $27 million by failed Brisbane information technology entrepreneur, David Tzvetkoff.
The property was sold to a Gold Coast businessman.
Knight Frank prestige agent James Hall said that multiple offers were received during the tender campaign from both national and international buyers for the property.
“The top end of the market has seen some good results over the past six months. This proves there’s depth to the market and interest has come from all over the place” Mr Hall said.
Despite the low price compared to the previous sale, co-agent Ray White Broadbeach’s Michael Kollosche said: “It’s still a significant price given the house is unfurnished and requires a lot of work”.
“It’s had a big impact on buyer confidence during the last eight or nine months, now that it’s gone I think we’ll see a change in people’s sentiment. This opportunity to buy this property under these circumstances will not happen again.” Mr Kollosche said.

A STRONG LIGHT ON THE HORIZON

Third of Aussies plan to buy property
MORE than one third of Australians plan to buy a property in the next two years despite concerns over higher living costs and rising interest rates, a survey shows.
And 40 per cent of Australians plan to revisit their financial plans as the nation emerges with a more positive economic outlook, the survey, commissioned by mortgage broker Mortgage Choice, found.
Mortgage Choice corporate affairs manager Kristy Sheppard said more borrowers were now taking "ownership" over their financial situation.
"As a housing market service provider, Mortgage Choice is pleased to see 41 per cent of respondents planning to buy property in the next two years and 43 per cent of them planning on an investment property.
"Hopefully, increasing demand from this buyer group will stimulate more housing construction," Ms Sheppard said.
"The Australian housing market has emerged from the financial crisis relatively unscathed compared to its global counterparts, which would probably be part of the reason why 64 per cent of respondents believe house prices will rise in the period to November 2010."
The survey found 40 per cent of mortgage holders believed they could afford to make repayments at an interest rate of more than 11 per cent.
The online survey of 1025 Australians, conducted in early November, found 19 per cent of respondents were most concerned about rate rises while 16 per cent were concerned about job security.
It follows a similar survey last year that found 20 per cent of Australians had concerns over job security and 18 per cent were concerned by the federal Government's economic management.
Ms Sheppard said that while many borrowers were concerned about rate rises, 40 per cent were prepared for increases of at least five percentage points, a much higher figure than was forecast for the next few years.
"This suggests many borrowers can comfortably repay their home loan sooner, if they put their mind and budget to it," she said.
"Improved sentiment from Australians around their livelihoods is also terrific to see."
Almost three quarters of respondents were confident the Australian economy would be strong during 2010.
In a further sign of consumer confidence, 17 per cent said they could afford "any increase".
Two thirds of participants believed rates would rise by between 0.25 per cent and 1.5 per cent before June, 2010.
The survey also found more than 60 per cent of West Australian baby boomers believed investing in property was safer than investing in shares.
Source
AAP
November 26, 2009

Wednesday, October 28, 2009

Agents under scrutiny

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REAL ESTATE AGENTS UNDER THE SPOTLIGHT...

REIV to crack down on misleading advertising

The Real Estate Institute of Victoria (REIV) plans to introduce a new code of conduct for agents that will prohibit them from using misleading advertising methods including the phrases ‘price plus’ and ‘in excess of'.

Under the new code agents would be required to advertise a property with a single price, a price range of up to 15per cent or publish no price at all.

While the rules will only apply to REIV members, those who go against the code of conduct could face hefty fines and/or expulsion from the Institute.

A spokesperson from the REIV told Real Estate Business that the vast majority of agents do the right thing when it comes to pricing.

“While there are always one or two exceptions to the rule, we developed this code not to weed out the dodgy agents but to benefit consumers and help them make the right choice when it comes to buying their property,” the spokesperson said.

According to a spot audit conducted by Consumer Affairs Victoria, only 5 per cent of all problems associated with real estate agents involve pricing issues.

The proposed code is expected to be submitted to the Australian Competition and Consumer Commission for review and authorisation this week, a process that could take upwards of six months.

Affected parties will be given the chance to speak out for or against the proposed changes.