As a real estate agent, it’s easy to fall into a scarcity mindset – the belief that there’s just not enough to go around. Not enough listings, not enough leads, not enough money. This type of mindset can severely limit your potential for growth and success.
The truth is, that opportunity is abundant in real estate once you know how to build marketing systems to attract clients. By shifting to an abundance mindset, you’ll create unlimited possibilities in your business and life. In this post, we’ll explore the telltale signs of how a scarcity mindset is showing up in your real estate business. And we’ll give you a reframe so you can cultivate a mindset of abundance and attract endless opportunities!
6 Signs You Have A Scarcity Mindset As A Real Estate Agent
If you read through this list and some of these sound familiar, there’s a good chance you need to work on your mindset!
You feel like you’re in competition with other agents.
You believe you have to compete with other agents to win listings. You see other agents as competition rather than collaborators. This mindset can lead to underhanded tactics just to get an edge.
How to shift to abundance: Understand there are endless opportunities and ideal clients for those who lead with value. View other agents as potential partners, not threats.
You panic every time you miss a call or respond a couple of days late.
This used to be big for me. I can still hear my brokerage in my ear telling me, “Every missed call represents $10,000 in lost revenue”. It took me a while to break free from this mindset and remind myself that opportunities are limitless when you know how to attract clients.
How to shift to abundance: Let go of the myth that opportunities are limited. Have faith that you’ll attract ideal clients by consistently providing value and showing up as your authentic self. Any client who expects you to work around the clock and be at their beck and call is not a client you want, anyway.
You find yourself sacrificing your personal and family time for clients and leads.
This stems from the belief that clients and leads are hard to come by, so you must drop everything for them. You think, “If I don’t get this lead now, who knows when the next one will show up?”. It’s that kind of thinking that has you walking out on your daughter’s dance recital to negotiate a deal.
How to shift to abundance: Schedule non-negotiable personal time, trusting your marketing will continually attract ideal clients. Delegate tasks to give you the freedom to fully recharge.
You’re working with anyone and everyone.
You work with anyone and everyone, afraid to niche down and “limit” your client pool. You’re desperate to take ANY client on, so you work with clients who aren’t a good fit because you need the money.
How to shift to abundance: Stop focusing on short-term money and start focusing on the long-term vision for your business. Recognize that working with anyone who will hire you is sabotaging your ability to build a premium brand that attracts clients on autopilot. Focus on who you can help best, and speak to that person and that person only.
You blame your clients or the market for your lack of success.
If you’re constantly telling yourself things like, “The market is terrible” or “My clients are cheap” – you’ll create those things in your external reality.
How to shift to abundance: Take full responsibility for the results you create in your business. Look for evidence of what your mindset is telling you is unachievable. For example, even if your market is slow, there ARE agents in your market who are succeeding. How can you focus on being the exception rather than blaming your circumstances?
You’re doing EVERYTHING yourself.
Even though you could pay a virtual assistant $15/hour to do your admin tasks, you believe resources are limited so you hold on to your money so tightly and continue to DIY everything.
How to shift to abundance: You recognize that hiring support isn’t a sunk cost, it’s an investment. You know that when you free up time and energy there are endless opportunities to be seized, and you feel immense gratitude for your team members who allow you to be in your zone of genius
At the end of the day, your mindset determines your reality. Operating from scarcity produces more scarcity – but embracing abundance enables exponential growth.
This mental shift is challenging, but trust me, it’s well worth it. When you let go of your scarcity mindset and limiting behaviors, you’ll be amazed at the opportunities, clients, and success that flow your way.
Focus on delivering consistent value, innovating in your niche, and serving your ideal clients. Know that in the real estate industry, there’s more than enough success to go around. Your abundance is waiting – you simply need to claim it!
Ready to work on your real estate mindset?
Check out these posts!
5 Mindset Habits Of Successful Real Estate Agents
How To Stay Motivated In Real Estate: 5 Mindset Tips To Keep Moving Forward
Want To Build A Real Estate Team? Here Are 5 Mindset Shifts For Agents Looking To Outsource
