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Old 01-28-2013, 11:06 AM
 
Location: Columbia, SC
10,940 posts, read 21,914,344 times
Reputation: 10571

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Some strong advice here. I'll just reiterate that you are now running a business so treat it as such. Businesses come with expenses. Create a business plan complete with a budget if you haven't done so already. Tom gave you some really good distribution percentages.
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Old 01-28-2013, 11:21 AM
 
11,113 posts, read 19,477,898 times
Reputation: 10174
Quote:
Originally Posted by tomocox View Post
First of all, take yourself and spouse/friend to a nice restaurant. Learn to reward yourself simply, but happily. Set aside 30% for taxes. 10% for reserve, 30% for marketing, and pay your business bills, any remaining, buy yourself either a nice business suit, a tool such as a phone upgrade, or enroll in a seminar.

^^^ all of the above except have your spouse/friend take YOU to a nice restaurant. Then, take between $50 and $100 and send your buyer or seller a thank you gift ! Make that one of your priorities within a short time after closing. Best wishes on your first closing. Whether you need the income now or not, you certainly will need it in the future, so stash some cash.
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Old 01-28-2013, 12:21 PM
 
Location: Mokelumne Hill, CA & El Pescadero, BCS MX.
6,957 posts, read 22,266,300 times
Reputation: 6469
Make a copy and frame it! Congrats!
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Old 01-28-2013, 02:33 PM
 
Location: Columbia, SC
10,940 posts, read 21,914,344 times
Reputation: 10571
Quote:
Originally Posted by DMenscha View Post
Make a copy and frame it! Congrats!
Great idea...I should have done that.
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Old 01-28-2013, 03:17 PM
 
Location: Gilbert - Val Vista Lakes
6,069 posts, read 14,753,411 times
Reputation: 3876
Quote:
Originally Posted by DMenscha View Post
Make a copy and frame it! Congrats!
Then cash it
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Old 01-28-2013, 07:37 PM
 
Location: Berkeley Neighborhood, Denver, CO USA
17,692 posts, read 29,691,842 times
Reputation: 33265
Default Go on a bender

Think drunken sailors on leave in Hong Kong.
Go for it.
The worse that can happen is an incurable disease.
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Old 01-29-2013, 07:31 AM
 
Location: Anderson, SC
181 posts, read 408,480 times
Reputation: 180
Buy a GOOD domain name. Make sure you notice I said for YOU to buy it, not a website provider to buy it for you.

Buy Wordpress for Dummies.

If you can set up a $10 a month Zillow website, then get one. Or get a free WP blog on wordpress dot com and use your domain there. DO NOT RELY UPON THE WEBSITE YOUR COMPANY PROVIDES YOU (if they do provide one) because if you leave the company, then you will probably lose your website & anything you have built/written.

Whichever one it is, use that to learn on. When you make more money, look into a self hosted WP blog/ website with IDX/RETS.

The main thing is to save as much as you can while still paving the road for future success.

Good luck and best wishes for a very successful career!
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Old 01-29-2013, 08:34 AM
 
654 posts, read 1,248,922 times
Reputation: 485
I agree with Mark Brian, however, take a look at this youtube video on step by step instructions on how to make your own website without reading a book for endless hours. Uses wordpress.org all for the low total price of under $25 bucks. So the rest of your check, put it away in the bank.


How To Make a Wordpress Website - 2012 - AMAZING! - YouTube

Use that as a starting point.

Quote:
Originally Posted by Mark Brian View Post
Buy a GOOD domain name. Make sure you notice I said for YOU to buy it, not a website provider to buy it for you.

Buy Wordpress for Dummies.

If you can set up a $10 a month Zillow website, then get one. Or get a free WP blog on wordpress dot com and use your domain there. DO NOT RELY UPON THE WEBSITE YOUR COMPANY PROVIDES YOU (if they do provide one) because if you leave the company, then you will probably lose your website & anything you have built/written.

Whichever one it is, use that to learn on. When you make more money, look into a self hosted WP blog/ website with IDX/RETS.

The main thing is to save as much as you can while still paving the road for future success.

Good luck and best wishes for a very successful career!
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Old 01-29-2013, 11:10 AM
 
Location: Oro Valley AZ.
1,024 posts, read 2,741,233 times
Reputation: 1196
Quote:
Originally Posted by Mark Brian View Post
Buy a GOOD domain name. Make sure you notice I said for YOU to buy it, not a website provider to buy it for you.

Buy Wordpress for Dummies.

If you can set up a $10 a month Zillow website, then get one. Or get a free WP blog on wordpress dot com and use your domain there. DO NOT RELY UPON THE WEBSITE YOUR COMPANY PROVIDES YOU (if they do provide one) because if you leave the company, then you will probably lose your website & anything you have built/written.
Excellent point for a newbie in the business. Also, do the same thing with your email address, don't have all your business and contacts tied to a company branded email account or office phone. Have your very own personalized business email. Then if you change brokerages all your old clients and contacts will still be able to contact you at the same old email address, website and cell#. Then at some point if you decide to change brokerages all you have to do is change the logo on your website. Email all your contacts about this "great new opportunity" etc. and you are good to go!
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Old 01-29-2013, 12:29 PM
Status: "Made the Retirement Run in under 12 parsecs!!!" (set 22 days ago)
 
Location: Cary, NC
43,176 posts, read 76,815,786 times
Reputation: 45533
Quote:
Originally Posted by Mark Brian View Post
Buy a GOOD domain name. Make sure you notice I said for YOU to buy it, not a website provider to buy it for you.

Buy Wordpress for Dummies.

If you can set up a $10 a month Zillow website, then get one. Or get a free WP blog on wordpress dot com and use your domain there. DO NOT RELY UPON THE WEBSITE YOUR COMPANY PROVIDES YOU (if they do provide one) because if you leave the company, then you will probably lose your website & anything you have built/written.

Whichever one it is, use that to learn on. When you make more money, look into a self hosted WP blog/ website with IDX/RETS.

The main thing is to save as much as you can while still paving the road for future success.

Good luck and best wishes for a very successful career!
Quote:
Originally Posted by forestgump99 View Post
I agree with Mark Brian, however, take a look at this youtube video on step by step instructions on how to make your own website without reading a book for endless hours. Uses wordpress.org all for the low total price of under $25 bucks. So the rest of your check, put it away in the bank.


How To Make a Wordpress Website - 2012 - AMAZING! - YouTube

Use that as a starting point.
Quote:
Originally Posted by RickTucsonHomes View Post
Excellent point for a newbie in the business. Also, do the same thing with your email address, don't have all your business and contacts tied to a company branded email account or office phone. Have your very own personalized business email. Then if you change brokerages all your old clients and contacts will still be able to contact you at the same old email address, website and cell#. Then at some point if you decide to change brokerages all you have to do is change the logo on your website. Email all your contacts about this "great new opportunity" etc. and you are good to go!
Great advice from all three.
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