Product Management Services by WAV Group

WAV Group Releases 2024 Brokerage Technology Roadmap, Part 4: Training and Support
If you have been following WAV Group's Brokerage Technology Roadmap series, you have now assembled all the necessary pieces to build an impressive tech stack for your business. However, the effectiveness of these technology solutions relies heavily on how well they are communicated and adopted by users. In this final installment of the Brokerage Technology Roadmap, we outline strategies to optimize product communication and training, ultimately aiming to enhance user engagement and productivity. One of the primary challenges faced by firms is ensuring that users are well-informed about product updates and enhancements. Include in your communication plan clear and concise "Release Notifications" to highlight the benefits of upgrades. Incorporate both written explanations and short videos to ensure maximum understanding and engagement with users. Additionally, enrolling all users in communication newsletters and tracking open rates are recommended best practices to ensure widespread awareness. We detail several more key components of the communications strategy in the full report. Once you have your communications and training program implemented, you need to continue to measure adoption and usage. By tracking metrics such as user adoption rates and feature usage, firms can identify potential issues and opportunities for improvement. This data-driven approach allows for informed decision-making regarding software licensing, training initiatives, and vendor collaborations. The report offers valuable insights into optimizing product communication, training programs, and measuring product engagement within enterprise real estate firms. By implementing these high-level strategies, you can enhance user experience, drive adoption of software solutions, and ultimately increase agent productivity. Download the full report now with promo code "roadmap" for a limited time. Check out the entire series: 2024 Brokerage Technology Roadmap – Part 1: Brokerage Website 2024 Brokerage Technology Roadmap – Part 2: Company Intranet 2024 Brokerage Technology Roadmap – Part 3: Data Management To view the original article, visit the WAV Group

[Podcast] Guide to Better Mergers and Acquisitions with Victor Lund
Ready to gain insider knowledge on mergers and acquisitions? Join us on this episode of Real Estate Insiders Unfiltered as James and Keith are joined by Victor Lund, author of Acquiring More Profit and CEO at WAV Group and RE Technology, and advisor to the Broker Public Portal. Learn the strategies behind successful M&A deals from one of the industry's top experts as he guides you through collaboration, culture, proper evaluations, and more. Don't miss out on this essential information! For the definitive and in-depth guide to mergers and acquisitions, check out Victor's book: Acquiring More Profit. Listen to this podcast on: Apple Spotify YouTube Other Visit the episode homepage for show notes and more

Building a High-Performing Real Estate Team: Strategies for Recruiting, Training, and Retaining Talent
As your business grows, you'll see increased clientele, more closed deals, and far more awareness about your offerings in your local market. But you know you can't do it all alone, and the more consumers you have to serve, the more you'll need top talent to help. This is where building a high-performing real estate team is key. By assembling — and retaining — a real estate dream team, your business can expand alongside your profitability. Recruiting, training, and retaining superstar agents is within reach. Here are the steps you need to take to build out an effective, all-star real estate team. Attracting Top Talent Through Effective Recruitment Strategies As you're building out your team, you'll see a lot of parallels between attracting top talent and attracting prospective clients to work with you. You know you're the best, but they don't — yet. When you're seeking to recruit agents to build out your real estate dream team, it's important to highlight what sets you apart as a team lead or broker, as well as what they can expect from working on your team. Effective recruitment strategies to draw in top talent include: Showcasing your own expertise, history as a real estate pro, and your wins and achievements Sharing the training and support you offer when they're onboarded, as well as over time Displaying key team members they can partner with, learn from, and their own respective accomplishments and real estate experience Highlighting the tools you use to ensure your team's success in the long-term to help them work smarter and continue to drive business forward Agents have a drive and hunger to succeed, and they need a strong foundation to land on when they're choosing a new team to join. By shining the spotlight on what you offer as a leader, your team's successes and expertise, and how you'll support new agents as they join your team, you'll have a more seamless run way to attract top talent in your market. Providing Ongoing Training and Development Opportunities for Team Members Like we noted previously, it's crucial to provide ongoing training and development for your team. It's not just for the newbies: by investing in ongoing education and development for your current team members, you have a powerful opportunity to retain them. Providing training and education to your current team is crucial for: Demonstrating your willingness and commitment to investing in their ongoing success and growth Saving them time and effort on finding the right training, or selecting training not relevant to your business Supporting them in developing a stronger career trajectory Helping them explore new interests, skills, or areas of real estate By investing in your agents' growth, learning, and development, you can help support retention and drive them to continue to work on your dream team. Creating a Positive Company Culture that Fosters Loyalty and Retention If you want your agents to be loyal to you, your team, and to want to keep working with you, having a positive company culture is non-negotiable. Creating a positive work environment is one thing, but infusing positivity into your company culture is another — and it's a key component to long-lasting employee retention. The culture of your company is its heartbeat, the fabric its made of, the foundation it rests upon. In short, it's incredibly important! To create a positive company culture, you must lead by example and build trust with each and every one of your employees. Say what you mean, mean what you say, operate from a place of respect, and hold yourself — and others — accountable. By developing and instilling strong systems for your business, investing in your agents' growth and development, and setting goals effectively, you can start to foster a positive company culture. Yes, things like team building activities and offsite events certainly help. But having a culture centered around positivity in your company starts from the top and is reinforced all the way down. Leveraging goal-setting, effective communication, and supporting your agents, and committing to doing so consistently, will help build, strengthen, and reinforce your positive company culture. To view the original article, visit the Inside Real Estate