Lory Kim- Remax Connections Broker- Episode 8

Cosmos & Commerce Podcast

Cosmos and Commerce Podcast Summary- Lory Kim - Remax Connections

Introduction

• Hosts: Michele Cook (Body Ache Escape Massage Center) and Janis Francis (REMAX Connection Realtors and the Humble Crate Artisan Marketplace).
• Podcast's aim: Provide actionable insights and entrepreneurial spirit.

Guest Introduction

• Lory Kim, owner of REMAX Connection Realtors.

Lory's Background and Inspiration

• Started in telemarketing in 1998.
• Inspired by Delina Siamako, a top-producing agent and brokerage owner.

Challenges in Starting a Business

• Importance of self-belief, consistency, and persistence.
• Seeking help when needed.

Identifying a Niche in Real Estate

• Focus on genuine connections.
• Gratitude for existing connections and striving for improvement.

Lory's Favorite Inspirational Quotes

• Quotes change based on daily experiences and emotions.

Valuable Business Lessons

• Act on your visions without waiting for approval.
• Accept failures and keep moving forward.

Balancing Work and Personal Life

• Prioritize what's important.
• Adjust focus based on changing priorities.

Benefits of International Trips

• Personal growth and mindset enhancement.
• Importance of life experiences and family moments.

Daily Routines and Joy

• Importance of morning routines.
• Making time for leisure activities.

Fostering a Positive Team Environment

• Lead by example.
• Share connections and stay informed.

Adapting to Changing Market Trends

• Willingness to adapt and pivot.
• Stay educated and connected.

Building Client Relationships

• Trust and rapport through genuine connections.

Challenges as a Woman in Real Estate

• Overcoming gender biases.
• Staying positive and proactive.

Rapid Fire Round

• Most impactful book: "Miracle Morning."
• Purchase under $100: Nail care.
• Proudest accomplishment: Having kids.

Notable Quotes:

• "You cannot wait for other people to give you the green light."
• "Tomorrow is not promised."
• "As long as the destination is the same, the journey can be different."

Lory's Top Takeaways

1. Belief in oneself: Lory emphasizes the importance of believing in oneself and being persistent and consistent in order to overcome challenges and succeed in business.
2. Finding your niche: Lory suggests that focusing on your connections and what is in front of you can help identify and develop a unique niche in a competitive market. Gratitude for what you already have and continuous improvement are key factors in setting yourself apart from others.
3. Balancing work and personal life: Lory acknowledges the challenge of balancing work and personal life, especially in a demanding industry like real estate. She emphasizes the importance of prioritizing what is most important to you at different times and being realistic about the impact it may have on other areas. Taking time for personal experiences and relationships can contribute to overall well-being and mindset as a business owner. And while business may continue, setting expectations and boundaries with clients and colleagues is crucial.
4. Adaptation and staying informed: Lory

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