Realistic results from Mike Ferry coaching.

Asked by Bryce Edwards, Las Vegas, NV Fri Apr 25, 2014

I am scheduled to receive a coaching call next week to potentially sign up for Mike Ferry's coaching program. I can go online and find plenty of "Top Producers" that swear by him. On the other hand I can also find people saying they were ripped off. I am hoping for a few unbiased reviews before I plunge into a year contract.

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9
Annette Law…, Agent, Palm Harbor, FL
Sat Apr 26, 2014
"Results come from effort, change, getting out of bad habits that don't work and creating new ones that do."......just send me the money!

PRICELESS!

Dan shared real, where the rubber meets the road, advise.

Everyone who is FAT, knows what to do to not be FAT.
Everyone who is a couch potato knows what to do to not be a couch potato.
Everyone who is struggling to succeed, and observes a superstar thinks, "I wish I were like him."
The reality is, to be like 'him' you would need to be in the fitness center at 5 am everyday.

EVERYONE KNOWS WHAT TO DO! So what is the problem?
Accepting total accountability for EVERYTHING around you...not exceptions.
Never blame another for your failure.
If you have an exit plan, you will use it.
They lack the 'life skills' needed to create new habits.

Bryce, this sage observation remains timeless and oh so true, 'When the student is ready, the teacher will appear.' If you are ready, who the teacher is will not matter.
2 votes
James "Brad"…, Agent, Las Vegas, NV
Fri May 9, 2014
I've learned from doing everything suggested that you have to be consistent when it comes to selling real estate. You have to pick one or two things and do what's necessary to become very good at them.

In my opinion, you do not need an expensive program to do this. These programs no matter what activity they push are things you can learn on your own. The thing they are good at is getting you to realize you need a support group that will hold you accountable for what activities you chose to do. You can find this in a coworker, broker or friend but it needs to be a friend that can be tough on you when you're not sticking to your work schedule.

Talk to your broker and ask him to give you five things that you can do to achieve your goals. Pick two of them you believe you will like doing the most and consistently do them over and over until you're an expert at them. Then and only then do you add a third thing. You will find in this business that things that work for some people do not work for others. The reason for this is people will not stick with things they do not like to do.

I'm not a door knocker or cold caller but maybe you are. I've always had luck with the Internet and Google Adwords but this costs out of pocket money and can get expensive. The toughest thing in this business is setting a schedule and sticking to it. Good luck to you!

Brad Zebio
Realty ONE Group
702-809-6300
bradzsellsvegas@gmail.com
http://www.bradzsellsvegas.com
1 vote
Brian Kurtz, Agent, Dearborn, MI
Fri May 2, 2014
I believe that most of the training programs out there can yield results. They'll only work if you follow the pattern of success laid out by the coach. As others have said, some people refuse to do what is necessary in order to see results that the coach promises because they don't do things the coaches way.

You mentioned Mike Ferry. He's big on cold calling. Are you willing to cold-call people? If not, then Mike Ferry probably would be a bad direction to go.

Me, I found that I love cold-calling. In the last week of March I called a guy who was headed into foreclosure that I got from a county list and did a reverse-lookup on his name. I met him same day, did paperwork on the multi-unit, and found a buyer the next day. We would have closed in a week if there were not some title issues that had to be ironed out. It just closed. You can see it on my profile.

I called another guy up last Thursday (April 24th) met him Friday morning at 9am, came to an agreement and called up some buyers. We would be closing today (just one week later) if the City Inspection didn't delay things for a week. Suppose to close NEXT Friday. Again, from a cold call.

I've got a few more in the works like these and they all come from cold calling. So cold-calling works. And nobody has ever ONCE been even the slight bit unpleasant to me on the phone. Not once. My door knocking experience was a lot, well....rougher. But I know it works for people.

Anyway...if you DO the stuff you're told to do consistently, then you'll see results. If you won't do it CONSISTENTLY, because you don't like the activity or you don't have the time, then don't do that activity. Pick a different approach from a different coach and DO that.
1 vote
Robert Adams, Agent, Henderson, NV
Sun Apr 27, 2014
Those that make money at real estate do real estate.......those that make money off coaching/seminars do coaching/seminars.

Find a mentor/partner or team you can work with that will provide you with leads, training, and a positive environment. find one that will do a split with you and get paid only when you get paid. This way they are vested into your success and the best part is it doesn't cost you money.

the self gurus and "buy into my program" BS is just that BS. I have heard so many stories of people paying THOUSANDS of dollars to hear this stuff. I am sure you will learn something from it but whether it is worth the money you put in is debatable. I personally would say read as much as possible in investor forums and go to investor meet up that don't cost hundreds or thousands of dollars.

I lead a team of agents in Vegas and I offer the above scenario for them to grow and become successful. I recently received my broker's license in MA as well. I plan to build team out there as well in the near future.

If you do decide to go to the program let us know how it goes.

I look forward to hearing from you!

Best Regards,
Robert Adams
Dual Licensed Real Estate Broker NV#62827 MA#9530304

NV Broker & Team Leader of The Adams Team at Rothwell Gornt Companies
C:702-349-9175
O:702-932-8813
F:702-932-8826
RobertAdams@LVrealestateHELP.com
http://www.LVrealestateHELP.com

MA Broker at Sankey Real Estate
C: 508-250-0345
O: 508-543-8060
F: 508-643-1515
RobertAdams@MArealestateHELP.com
http://www.MArealestateHELP.com
1 vote
Great Advice...!
Flag Mon May 5, 2014
Dan Tabit, Agent, Issaquah, WA
Sat Apr 26, 2014
Bryce,
Whatever training you take, it's only as good as your application. Great trainers and coaches can get terrible reviews from people who assume by attending they automatically should have results. Results come from effort, change, getting out of habits that don't work and creating new ones that do.
If you aren't going to apply what you learn, just send me the money and I'll make good use of it. If you are going to truly do what they teach you, and make a commitment to push yourself into your discomfort zone at times, you have a good chance of success.
I've listened to some of Tom Ferry's free stuff and it's good. I know several Buffini Fans, Hobbs Herder has some great materials, I could go on. Just remember attending isn't achieving. Whether it's Ferry or someone else, put it to work.
1 vote
Seansmith, Home Buyer, Las Vegas, NV
Thu Apr 28, 2016
Beware of the positive reviews as i believe them to be fake

After participating in two other coaching programs which were very successful, i decided that i needed a change. Those two companies will remain anonymous for the integrity of this review. I interviewed a few companies including Mike Ferry and ultimately decided on Mike Ferry.

Before you read the rest of this post, you should know that i am not a rookie nor am i a low producer. I am one of the top in my company and take personal and business development very seriously.

The initial intake call was great, i was hyped up and ready to go. The first 4 months was great, we were making real progress. After about 6 months the content became stale and i was not receiving value for the $1,000 a month that i was paying for.

After 6 months, my initial coach out of nowhere suggested that i switch to another coach who specialized in mortgage agent coaching because this was as far as she could take me. Even though when we first spoke i told her that i only wanted to work with her. The last thing you want to do is tell someone who is trying to get rid of you to keep you on as a client.. how awkward is that???

My new coach was a very very nice person, but a terrible coach for my style. She repeated things my first coach and i had worked on months ago and her pace of coaching was completely different and the content was a joke. At this point i had spent a few months going through the motions and not getting any value.

All together, i would not recommend this company because you must fulfil a 12 month contract, even if they do not deliver what they promise. After threatening to post on social media about my experience i received a letter from their lawyer telling me that there would be legal repercussions for voicing my opinion online. LOL!

I told them to bill my credit card for the remaining $4,000 and good luck with suing me for writing a review about their company.
0 votes
Mark Fleysher, Agent, Las Vegas, NV
Sat Sep 6, 2014
Hey Bryce,

Do you think Steve Jobs had a coach? Do you think Michael Jordan had a coach? How about Michael Jackson? How about Oprah or Warren Buffet? How about Deepak?

They all do or did.

But just because you have a coach doesn't mean you'll succeed. In the end, it's up to you.

Any amazing real estate broker is or provides a coach. I'm one of those people; feel free to reach out.

Or come connect with me this Wed at Simon at the Palms, 3-6p:

http://listing-machine.eventbrite.com/?aff=trulia

Cheers -Mark Fleysher
0 votes
Joan Lorberb…, Agent, Boca Raton, FL
Sun May 4, 2014
I know what I should be doing (or rather what the so - called guru's say you must do to be Uber successful) but I wouldn't follow through on everything I seriously doubt I would be a good candidate for a training program. My money would be good of course but since I won't cold call or knock on doors there would be no point in signing up for any of these programs.
0 votes
John Souerbry, Agent, Fairfield, CA
Sat Apr 26, 2014
I agree with Dan and Annette in a couple ways - all these coaches have SOMETHING to offer and more than anyone you are accountable to yourself. I've been through several of these programs, including By Referral Only, and they all have at least one or two nuggets of good information that can help you build your business. But we're all unique and not everything works the same for everyone. Most coaches also teach certain things that some of us just won't do (e.g. I support mandatory prison sentences for agents who cold call and door knock), Bottom line - forget what everyone else tells you about a program and judge for yourself if it fits your skills, personality and business needs.
0 votes
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