In today’s episode, I’m rejoined by our good friend, business partner and owner of The Franklin Team, Andrew Franklin. Andrew runs a successful team that closed over 1700 transactions last year, and in addition to that, he has now built multiple ancillary businesses, including one that has caught up to the revenue of his sales team in 5 years. He’s going to share exactly how he did this.
Andrew Franklin is a real estate leader, entrepreneur and partner at The Franklin Team. The Franklin Team has decades of experience in the business and sells well over thirty times the number of homes than the average real estate agent! Andrew is owner and partner on The Franklin Team. He has been around residential real estate since he was a kid and learned early that putting clients’ needs first is always smart business. The Franklin Team’s main objective is to efficiently deliver world class service with accuracy, integrity and professionalism. Andrew has also added investing, title and hard money lending to his business, by leveraging the success of his sales team and agents in his network.
How did Andrew Franklin create multiple streams of income, including a title operation that has caught up to his sales team’s revenue in less than 5 years? By tapping into the real estate ecosystem around him. If you run a real estate team, there’s a ton of lanes you can go into and make your world bigger, create ancillary revenue, and provide a better solution for the consumer.
We have the opportunity to tap into the ecosystem of relationships we all have as agents, and create a win through our own networks. Now more than ever, agents are putting huge deals together by simply collaborating with other agents and being in the right rooms.
Time Stamps
00:00 - How Andrew built a title company with revenue catching up to his sales team’s
05:29 - Biggest lessons he learned from dipping his toes into title
10:35 - Why hard money lending is a “quiet” successful ancillary business
18:08 - The other two ancillary businesses Andrew is running
21:52 - How to grow successful ancillaries by simply tapping into your ecosystem.
Guest Info
Andrew Franklin is a real estate leader, entrepreneur and partner at The Franklin Team. The Franklin Team has decades of experience in the business and sells well over thirty times the number of homes than the average real estate agent! Andrew is owner and partner on The Franklin Team. He has been around residential real estate since he was a kid and learned early that putting clients’ needs first is always smart business. The Franklin Team’s main objective is to efficiently deliver world class service with accuracy, integrity and professionalism. Andrew has also added investing, title and hard money lending to his business, by leveraging the success of his sales team and agents in his network.
Website: www.thefranklinteaminc.com/
Social media: https://www.facebook.com/thefranklint…
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