Becoming a successful real estate agent can feel like a daunting proposition at times.
If you really want to learn how to make your business flourish in ways you never thought possible, you might want to take things a step or two beyond just getting your real estate license, networking, and syndicating ads to classifieds.
While those are essential and great first steps, they definitely aren’t the only things that can help you stand out from the competition.
In fact, you can best stand out by providing multiple services that you can tie in with your real estate business, while expanding your network. These can be thought of as side hustles that you can tailor specifically to the real estate niche.
Don’t get stuck in only the tried and true, give yourself permission to creatively empower your business, and make some cash while doing it!
Alternatively, even if you’ve been in the business as a real estate agent for some time and you are doing well, these side hustle ideas can help you continue to grow your business creatively.
If you’ve got a fair amount of talent when it comes to things like photography or writing, you can start freelancing as one of your real estate side hustles. It takes a bit of leg work because it requires you to market those abilities to other agencies. But over time, freelancing as a photographer or writer can add value to your real estate business also.
Photography is a good example. At first, you’ll probably have to take jobs that aren’t real estate-related, like weddings or events. But once you get your client list built up, you may be able to start specialising.
With a good portfolio, you could approach other real estate agencies and negotiate to take pictures of property listings. This also helps you build your contacts within the industry, something that can help you a great deal as your business grows.
By developing your own photography skills, you’ll also be improving the quality of the property photos on your own website, potentially giving you a leg up on the competition. And at the very least, you’ll always have something to discuss with potential clients or investors – a useful thing to further your relationships with them.
Freelance blog writing is another productive way to earn something extra on the side. Often times, real estate companies will have a blog on their website and are looking for good, educated writers in real estate to add high quality content to their blog. “We often work with contributors that help us produce great content on our blog,” says Jake Marmulstien, CEO of Groundbreaker. “One of those knowledgeable contributors is a commercial real estate broker, in addition to making some cash, he gets great visibility from companies who are buying and selling properties.”
This type of work can be done from home, does not require too much time, and is also a great opportunity to expand your network while educating others on real estate.
2) Become a notary
You might think this has absolutely nothing to do with the real estate business, at least not from the standpoint of increasing your business traffic. The truth is, there are a lot of people who are in need of a Notary and they’re not all associated with real estate.
However, if you decide to provide this service to the public, you increase your visibility. That’s always a good thing. This is also not a task that requires too much time and if done well you can be notarizing multiple deals a week, while making a set amount of money per each notarization.
In short, this is a side hustle that gives you the opportunity to network with people from all walks of life, while maintaining the ability to focus solely on your company. The end result is the potential for a larger business and more homes sold or rented!
3) Stage houses for sale
If you have a flair for the creative, you might decide to work in concert with other real estate agents by staging the houses they have for sale. You will have a budget that you can use to purchase the necessary items for the house staging and you stand to make a decent amount of cash from your work, especially if you make a name for yourself.
Again, improving your ability to stage houses also helps your own real estate business. You’ll know how to set things up in that new property to give your photos a little extra pop, and to make your showings that much more impressive. This is a great side hustle that doesn’t detract from your primary job, but adds a new element to it.
4) Plan Networking Events
Networking events are a great way to meet other real estate professionals while also giving you the chance to make some money on the side.
If you have planned any parties or events in the past, or have a natural feel for bringing people together, this is for you.
It is also a lot more simple than it seems. Reach out to a local bar or pub and let them know of your intentions to bring a group there for the night. The bar will either pay you for bringing people in or you can charge a ticket that includes a couple of drinks for everyone, and keep a split for yourself.
Like everything else this takes time. It is okay to start small with a group of 10 people and as you build up your network, begin hosting larger events. The more events the more money you will make and the more people you will meet. All point to more success in your real estate endeavors.
5) Teach a class
Teaching a class allows you to pick up a few extra hours without having too strong of a commitment, while simultaneously getting steady cash on the side. There are a lot of part-time teaching jobs out there.
As a real estate professional you can teach at a college level and share your wisdom with future members of the real estate community. There are also certification courses, courses that help new agents get their licenses, and grad school courses which are other great opportunities to pass along the knowledge you possess.
Get involved in those organizations at whatever part-time level you can.
Professionals who are comfortable speaking in front of others and have a knack for helping, fit the profile for teaching a course. This option may not be as spontaneous as some others, but it is a guaranteed income and offers a chance to do something fun and different.
If you start incorporating these side hustles into your routine, you might be surprised how much money you can actually make.
Regardless of how long you’ve been in business, the goal is always to make more money without overextending yourself in the process. We have seen a growing percentage of real estate agents with a side hustle, not always related to real estate, as the majority of working professionals look for different ways to earn extra money.
However, the side hustles listed above are there to not only help financially, but to help you grow in the real estate industry. There are so many opportunities out there for real estate agents/professionals alike. Take the time to figure out what is best for you, come up with a plan of action and then pursue it!
Have you tried any side hustles that have helped you advance your real estate career?
Share with us and your fellow agents in the comments below.