I was part of a national phone conference for the U.S. Chapter of FIABCI with Realtors and Brokers from Manhattan, East Hampton, Washington D.C., Atlanta, and Seattle just to name a few to discuss what the strategies for success in real estate will be in 2010. The group unanimously agreed that building and working one’s network will be more important than ever in the new year. In the last 24 hours I have heard that re-iterated independently by other sources as well. CNN ran a segment on starting your own business in 2010 and how the dynamics were the best in years for starting a new business and a key to success was reaching out to one’s “network” or sphere of influence. The weekly sales meeting at my office, Alain Pinel Realtors, moderated by the Regional Vice President and my friend, Tim Murray, also stressed the importance of one’s “network” for success in the new year.

As we enter what many believe is the first year of recovery from our Bush-Recession, it is “back-to-basics” for everyone. Realtors and real estate  professionals of all types are getting back to basics and there is no better way to succeed than to contact those folks who already know you and have done business with you. In addition to contacting your existing network, a key question to ask yourself is, “how am I expanding my network?”. Where else do you go to meet new people whether in person or on the internet? These are important concepts and are being brought to the front-and-center of business plans for individuals and large businesses as well.

More to come….

Lance