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Global agents enjoy a wide array of opportunities. The possibilities are so expansive that many new CIPS designees wrestle with the question: How will I carve out my niche?
It may take time to sharpen your focus. Plus, your global practice may evolve with experience. Use a three-pronged approach:
1. Define Your Interests and Assets
What aspect of global business is most appealing to you? Do you enjoy transnational travel? Maybe you prefer staying closer to home but love helping international clients achieve their dreams. Do you have a strong affinity to a particular culture or region?
What personal skills do you bring to the table? The ability to speak two or more languages provides a distinct advantage for cultivating international business.
Have you lived in another country and understand how to navigate business and social conventions among other cultural groups?
All these factors—what you enjoy and what you do well—are vital clues for defining the shape of your global real estate practice.
2. Identify Potential Opportunities
Now, shift your focus to your local market. Every area has pockets of opportunity for global agents. Finding them, however, may require looking at your market through “global glasses.”
For example, residential agents may ask:
- Are there local corporations that need help with international relocations?
- Does a local university attract international students looking for housing and property investments?
- Is there an immigrant community that would welcome specialized real estate assistance?
Commercial agents should consider:
- How is my state (or country) working to attract new international investment?
- What government groups are leading these efforts?
- How can I get involved and provide real estate investment data and expertise?
3. Select Your Niche
Ideally, after assessing yourself and your market, you’ll discover opportunities that align strongly with your skills and interests. That’s a recipe for turning work into fun!
But don’t stay locked into a single, narrowly-defined niche. As a global agent, you’ll want to remain flexible and explore other ways to expand or modify your real estate practice.
How to Learn More About...
International relocation opportunities in your market
- Search for local companies with foreign offices or headquarters
- Find out who is hiring highly-skilled H-1B visa workers at myvisajobs.com
Who visits your market?
- Check tourism websites, chambers of commerce, and economic development offices
International students
- Visit iie.org for Open Doors data, by state, and other facts on foreign students
- Check local university sites for enrollment data
The international commercial business landscape
- Investigate foreign direct investment through various offices of economic development or SelectUSA.gov/FDI-in-the-US
- Research key indicators of global trade, including major trading partners, ports, and free-trade zones
Action Items
Download Your State's International Business Report
To start learning more about the international flow of people and business in your market, check out NAR's state-by-state snapshots. bit.ly/StateEconomicData
Draft an "Elevator Pitch"
Be ready to answer "What do you do?" with a carefully crafted statement about your global real estate practice, including your unique skills and expertise.
Explore CIPS Benefits
Get acquainted with the NAR Globel Marketing Center. It's your go-to site for CIPS resources and tools to support your business.
Make Friends with the NAR Global Marketing Center
You'll find all your CIPS benefits in one convenient location, including:
CIPS Designee Resources
- CIPS logo and images
- Discounts
- Referral contract form
- Presentation templates
- Plus many other resources
Business Cards
- Select from two formats
- Two delivery options:
- Print and ship
- PDF download
Flyers
- Select from six topics
- Insert contact information
- Add photo and/or logo
- Add a custom message
- Two delivery options
Postcards
- Select from four topics
- Insert contact information
- Add photo and/or logo
- Add a custom message
- "Mail to My List" option
Go to printingstorefront.com/narglobal.
Log in with your NRDS ID number (it is both your user name AND your password).
Questions? Email cips@realtors.org.
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