The Mike Ferry Organization

I joined the MFO almost 4 years ago after attending an event in the area. I had a relatively good experience in coaching with another company few years before. From the beginning Mike impressed me with ideas that were right to the point and things that I was seeing myself I could do. I do commercial real estate and with my coach I quickly realized how to use the system for what I do. It wasn’t easy at the beginning and is still takes a lot of effort on my part, however no-​one promised a silver bullet and the truth is that since I joined I’ve seen my income increase, last year being the best in my 32 years in real estate… and this one looks even brighter.
Also, it’s not only about the system, it is also about the people you meet and what you learn from them while working together to help each other.
I say to whoever read this review, that if you are willing to take the time and the effort, the rewards are there for you to take as the system does work, provided you do!

My associate is a top producing agent and used Mike Ferry throughout his professional career. After one year under his wing and with enough money, he pushed me to signup for the coaching program. I was reluctant at first because like many of you, I was looking at the $ 8,000 or $ 12,000 price tag and was nervous.
I ended up signing up for one-​on-​one coaching for $ 8,000 and paid it all upfront to help me budget better — I did not want to worry about having the monthly payment if there was a slowdown. I wanted to know it was paid for and that I would always have the coaching. My goal signing up for Mike Ferry was to focus on expireds. The dream is to be so good at expireds that I do not have to do open houses and I can use that time to spend with my future family or if I remain single, just continue being a professional ‘playa’ ;)
My coach is named Mitch and he is out in Tulare and he is great. I did not get a deal directly from calling expireds and closing them yet, but I have made some great headway; including getting a $ 385,000 listing using the one minute Mike Ferry Presentation. The coaching program has really changed how I prospect. I USED to think I was a good prospector, but now that I am in coaching, I realize what the top producing agents do and I realize that I paled in comparison. Had I not done coaching, I would have never found out. What is it? I contact 30 – 50 owners per day and then I visit actives and expired and door knock the 10 around them.
The coaching program is really for accountability and for fine tuning. There is really a lot to learn and as my coach told me, ‘Even with hard work, it will take about 1.5 years to really incorporate the Mike Ferry system’ Has it been frustrating for me? Of course! Am I happy with my progression? Yes. Do I want things to happen faster? Definitely.
I went to a prospecting school recently and at the time, I had been calling expireds unsuccessfully for going on 9 months. They said that it really takes about 10,000 hours to be really good at something. This really helped me keep in perspective my progression.
Do know that the buck does not end at signing up for coaching. When you do signup for coaching, you will be ‘strongly encouraged’ to attend all the events. At first, I was like, this is a SCAM!!! But after going to the events, I see how it is helping me to become a better agent. So if you are thinking about joining, think about budgeting another $ 5k on-​top of the coaching price to help you make the events and be ready to clear your schedule.
After you go to a couple events, you will realize that its the same thing over and over. I think of it a lot like basketball. Its a lot about mastery of the fundamentals. You master the fundamentals and you will make a ton of money or score a lot of points, irrespective of if you can do a reverse double hand jam.
My goal is to do Premier coaching for $ 12,000… why? Well, even though the coaching is the same at one-​on-​one, the big thing is that when you are in Premier you wear the ribbon. Who gives a fuck about the ribbon, but what is key is that at every event when you have that ribbon on, other top premier agents will be more receptive towards helping you out and being a role play partner. This is *key* to getting ahead. The old saying is true, ‘Birds of a feather, flock together’ You want to get in with that in crowd because they are the people that will take you to the six and seven figure earnings bracket. In fact, the biggest reason why I go to the events is more to network with top agents that are going someplace and that are making it happen. There are tons of agents struggling with negative mindsets. That does not help me and it will not help you. Find agents that have done it and they will show you.
In the events, you will hear Mike ask people, ‘How many years have you been in coaching?’ And its all kinda bullshit because his events are really a giant commercial for his coaching programs, but you know what? Its all true. What he says is true. You need to get to a point where his coaching is money you use to wipe your ass and is basically just a cost of doing business. Think of it this way, if you were a plane and you were flying from LAX to Tokyo, coaching is the same as the GPS, they constantly tell you those small points to turn until you get to Tokyo. Without GPS, is like many of you without coaching, you have an ‘idea’ of what you need to do and have heard what you need to do. Much of which is the ‘same shit’ but you are not executing and you are not around people that can help you get past some of the usual obstacles.
Remember, its all about modeling. Finding somebody that is doing what you want and getting the results you want and doing EXACTLY what they do. How they move, how they say, how they operate. That aside, the only question left is… are you coachable?

First of all, they WILL come after you financially fast and hard if you somehow don’t complete your training you sign up for. A friend of mine signed up for coaching and had a terrible financial thing happen to his family (no fault of his) The Mike Ferry Organization could not have been less sensitive. He tried to work with them and they were closed off, took to ruining him financially instead.
Mike was at a meeting recently I attended. There were not enough chairs for everyone to sit who came to the meeting he was invited to. His enormous ego came into play, he stopped talking, told the women in the back they HAD to sit and forced a woman in her 60s and another in her 50s to sit on the floor. He throws insults out at agents and they don’t even realize it. Why would you support him? His son Tom does a much better job. STAY AWAY from Mike Ferry!
Oh and Ladies, he says he doesn’t respect women who wear their hair down, You should pull it back. What is this? Real Estate according to Sharia law?

I have been following Mike Ferry for years. He tells it like it is. if you follow the system it will work. If you sign up for coaching, you have to do what your coach asks of you. It is a learning process and it takes time. you can’t expect to sign up for coaching and expect a miracle. Especially if you are not spending a good amount of your time lead generating. and being productive. Again, follow the system, be patient, remember listen to your coach, practice your scripts, surround yourself around other mike ferry agents. I signed up for coaching last year and its helping me stay on schedule and most importantly be held accountable for what I want to accomplish… Hope this helps …

I have been in coaching with Mike Ferry personally, his sons and his other amazing coaches for over 10 years now. They have without a doubt changed my LIFE! Through this rough economy Mike is there for his clients constantly… almost on call. He gives out his cell phone and either answers or will call you back as well as responding to emails. Mike leads by example tirelessly traveling around the world doing seminars, writing books, daily emails, calls, tv, coaching individuals and groups. His work ethic is to be admired. He is definitely «tough love» but if you do what he says and follow the system you WILL make money… LOTS of money but the choice is yours… whine and complain about why it doesn’t work or jump in both feet with blind faith, putting your excuses and bad habits behind you… then you will succeed. I know… I did. My income has more than doubled thanks to the skills, systems and accountability I have learned from this company. No one does the work for you… it only works if YOU do! I prospect daily for 3 – 4 hours every day and list 100+ homes per year. Mike does not pay any of us to share our story. He doesn’t have to… we are all SO grateful to this wonderful, caring man for what he has helped us create in our lives that we are happy to give back in whatever way we can. Feel free to call me and I will tell you the truth about MFO. (or talk about Naples, FL real estate… lol) 239−248−8000. Susan Heller, Loyal Customer

All those people that claim Mike Ferry is hard ass about taking your money are right. He is old school flim flam man. Gets you to sign a contract and takes your blood. Stay away IMO.

I also signed up for one on one coaching. After six months of no results, I tried to cancel, and sent several requests, Mike himself refused to cancel the contract. He said, «once you give me money, you are not getting it back!». He said that in one of his workshops too. $ 12 000 gone.
His «system hasn’t changed since 2004. Market has gone through so much change, and he’s still teaching the same old stuff that don’t apply to today’s market. Each seller gets up to 100 calls from realtors saying the same things, following the same script. How could that be effective? He’s a dinosaur, and his methods are out of date and inapplicable. If you’re itching to throw away $ 12 000, go and buy something that would last a long time and would benefit you. He as thousands of coaching students, he brings a handful of top producers from all over the country for proof that the system works. They get paid to vouch for him. They are in the «circle».

The company touts that they match their coaches. with the profiles of their clients. The ones whom they manage to trick into expensive, long term coaching contracts.
However, several of my colleagues have filed complaints about the coaches. When their telemarketing staff sell the coaching contracts, they emphasize. that Mike Ferry himself pairs the client with a coach that fits their learning profile, but they give you whom ever has room available on their schedule. That’s a fact! In speaking a few internal employees, the company is experiencing financial problems which is one reason why they moved to Las Vegas from California.
Maybe if Mike Ferry and his family members pay their employees what they deserve and stop skimming money off the top, they would not have such significant turnover.
BUYER BEWARE!

Horrible organization! The majority of the employees are related… wives, husbands, children, cousins, etc. It is more of a CULT! The speakers are great. However, they are NOT part of the team at the corporate headquarters in Las Vegas Nevada.
HORRIBLE, HORRIBLE ORGANIZATION!

Been following Mike Ferry for 3 years now. Got involved with the organization before I even got my license. Less than a year ago joined their one on one coaching and Its the best investment ever for my skills and career. The workshops are great on their terms. I attend 1 – 2 MFO training a quarter. Been in business for two years and see the improvements. Love my coach! Thank you Mike for everything you bring to us. Other losers can rant as much as they want about MFO, the key is to keep that exclusive group of people who will always be loyal and committed not only to MFO but also to their own success.

Don’t join this service. And if you decide to use their «One on One» training, think again. It ruined my financially. The contract is extremely one sided and literally destroyed me financially. Mike Ferry is the devil and doesn’t really care about his clients. He would stab them all if he knew he could gain 1 penny from them.
It’s a lie and a hoax. Don’t drink the punch. You will end up losing.
That is why he makes you sign a 1year agreement. He just wants your money and doesn’t care about your success.