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According to Statista, the U.S. real estate market will reach a jaw-dropping value of US$119.80 trillion by 2024. On top of that, it will show a healthy annual growth rate of 4.51% across the globe until 2028.
This comes as exciting news for professionals in the real estate business, but that doesn’t mean everyone will get a fair share of the pie. You could ask, What’s the best course of action for ensuring that your company will maximize this boom in the industry? Well, all signs point to outsourcing your own Real Estate Virtual Assistant team.
The fast-paced and cutthroat real estate landscape can be difficult to navigate. It would be a challenge especially if you want to set your company apart from the competition. That’s why real estate virtual assistant teams have simplified the process significantly. With outsourcing, you can streamline operations and increase efficiency like never before. Now, let’s take a deep dive as STAFFVIRTUAL provides a step-by-step process for outsourcing your virtual assistants!
Evaluating the company’s demands and objectives is fundamental to any strategic initiative. Hence, it is vital to begin here when considering a REVA team of your own.
Start by analyzing the current operations of your business. Identify the areas where it’s experiencing inefficiencies and possible opportunities for improvement. At the same time, outline quantifiable goals for your outsourced virtual assistants. This sets the expectation of improving the whole business’s performance and productivity.
Deciding to outsource a REVA team could be daunting. But luckily, choosing the right provider is as easy as pie.
Selecting STAFFVIRTUAL as your outsourcing provider is a strategic and sound choice. You can definitely bank on our reliability, expertise, and exceptional service. After delivering top-notch solutions to businesses for over a decade, we stand out as a trusted partner in outsourcing a VA team.
The beauty of assigning roles to your REVA is that you have full autonomy to set tasks according to your needs. Also, you can switch assignments for your VAs to cater to more urgent matters.
To shed more light on the importance of this step, here are reasons why it’s crucial to assign responsibilities to your agents:
Managing your business in the digital and information age is a herculean task, to say the least. It’s where ideas, concerns, and the like spew out ever so often and become part of your team’s daily routine.
Communication is key, which is why establishing channels of communication is a must. It is where you and your VA team can collaborate, update, and cooperate. Ultimately, you’ll create a safe space where the entire group can cohabitate.
Having an effective communication channel doesn’t only avoid chaos and misalignments, but also improves productivity and time management for the entire troupe.
Set your company up for success with the necessary training and resources. Make sure to elevate and enrich your team’s performance in a holistic way. Moreover, it would greatly benefit not only your cause but also the quality of everyone’s output.
In fact, a 2019 study by the International Journal of Business and Management Research revealed that 90% of employees agreed that development programs sdimproved their job performance.
Of course, when hiring an outsourcing company, it’s up to you to set clear expectations both for individuals and the group. Making these benchmarks clear to yourself will be the first step in this process. You must understand why these expectations are set and why the team must meet these benchmarks.
Afterward, it’s time to meet with your REVA to discuss and explain why these targets are where they are. Don’t forget to ask for feedback from your troupe, as it will more or less give you an idea if you’re all on the same page.
Collaborative technology goes hand-in-hand with setting up communication channels for you and your REVA. Project management tools are software programs that organize your team’s projects and maximize productivity within your specific timeline.
What management tools you and your crew would use is completely up to your preference. To guide you, here’s a list of some of the most used project management tools as of 2024:
Different project management tools offer different services. Some are free, while others need to get purchased. On the whole, whether free or not, these tools benefit the success of your virtual assistants.
Careful performance checks of your virtual assistant team are important. This ensures your company works like a well-oiled machine, which your stakeholders are happy with.
Although, this can only be possible with proactive tracking of the VA’s performance. Luckily, it’s not rocket science. There are many ways to become an effective spearhead and make sure that your team’s performance is up to par.
But first, let’s delve into the metrics that would help you measure your team’s performance:
With these metrics, you can now shift your focus to proactive ways you can track performance.
Speaking of feedback, it’s also important not only to give feedback to your VA team, but also to absorb theirs as well. Giving feedback punctuates that you have reflected on their performances. It affirms that you reinforce evaluations with data and facts.
As the cliche states, ‘There’s no I in team’. Collaboration in the workplace promotes stronger bonds within the group. This fuels problem-solving, increases productivity, and creates a strong company culture. Furthermore, collaboration stimulates alignment across teams or departments.
A study from Stanford found that even the mere thought of collaborative working increases productivity. The experiment showed that collaborative participants focused 64% longer on a task which is in comparison to their counterparts who worked alone.
With everything set up and good to go, taking a step back and evaluating the performance of your VAs is vital. This is the best way to figure out where, if any, you can adjust the scope, workload, etc. to make your business thrive. On top of that, a retrospective performance outlook can stir you to what you and your REVA need more or less of.
On the whole, running a real estate business could be a daunting task. But, outsourcing to a dedicated VA team would be a great aid to your brand’s quality, efficiency, and marketability. With the help of this guide, you now have the keys to unlock your business’s full potential. It’s time to outsource your own real estate virtual assistant team from STAFFVIRTUAL.
Our commitment to excellence helps your business optimize profitability like a no-brainer. With over a decade of fruitful experience, we provide solutions based on your brand’s wants and needs. We have a robust pool of world-class talents from the Philippines. STAFFVIRTUAL’s wide array of outsourcing services can improve your productivity and growth.
Connect with us today and learn more about how our services can cater to your business’s outsourcing needs.
Sources:
Cues of Working Together Fuel Intrinsic Motivation | Journal of Experimental Social Psychology
Importance of Training and Development for Employees | Maryville University