Saturday, June 24, 2017

The Secret is in How Many Times You Show UP

By Julie Escobar

If you’re like MOST agents?  You want it NOW.  Right now.  Success in a “just add water” -instant gratification in a cup kind of time frame right?  And I can appreciate that.  If I could just win the lottery I’d be that way too – one ticket – lifetime of riches.  Unfortunately – that’s not a very realistic (or practical) plan is it?

You’ve got to put the time in and PERSEVERE.  You’ve got to show up not just ONCE, but again and again and again.  You know that old saying out of sight – out of mind?  It’s especially true of customer relationships in today’s market.  In fact, Statistics tell us it takes at LEAST three impressions for a consumer to recognize your name, seven to associate your name with your business, and twenty seven for them to like you, know you, trust you enough to do business with them.  I know – it’s not instant gratification – but it is the smart business practice if you want to be in real estate for the long haul.

So, let’s take a look at three smart strategies that can make succeeding faster (YES!), easier (Phew!) and more effective (Sounds good!).

1. Make it easy on yourself.  Delegate.  You get paid to get face-to-face and voice–to-voice with customers.  Your job is to wow them with what you can do for them – how you can make that easier, more profitable & fewer headaches.  Hard to do that when you’re still printing, cutting & stuffing envelopes.  Put a system in place to reach your customers and potential customers (sphere of influence and geographic farm area) at the very least every 4-6 weeks.  The Direct Marketing Association and top agents lean more towards every 21-30 days.  It doesn’t have to be a lot – but it does have to be consistent.   We’ve worked hard to make that easy for you with hundreds and hundreds of ready-to-go campaigns that you can choose, calendar and then have peace of mind that this part of the puzzle is done – find out more here: Postcard Campaign Specials.

2. Use social media wisely.  The wonderful thing about social media is that it gives you the ability to communicate one-to-many.  Creating a blog or Facebook page to keep your sphere or neighborhood farm updated and informed is not only effective – it’s POWERFUL. Here’s a little inside advice from a friend and Social Media Expert Stacy Stateham:

“I’d like to say to start with Facebook, but don’t.  Start by spending a few hours figuring out who you are likely to be most successful with.  What kind of people do you want to connect with?
Forget your real estate business for a minute and think about them.  What do they like?  What are they interested in?  What will keep them coming back?  Now, bring your real estate business back into the equation.  How can you match their interests with your business?  Laser focus on that core audience and build all of your marketing around them, both online and off.Say you want to attract successful 50-60 something’s.  The might be interested in food and wine, they might like to travel, they’re concerned about their nest egg, they may have adult children and possibly grandchildren.  Oh yeah, and they buy real estate.

Next -start with Facebook.   Use the friend finder to search your email addresses, connect to the people that make sense, and start a business page.  When the business page is complete and has a full page of content, invite your contacts.  It just takes a few minutes a day to log into Facebook, comment on what people are saying, and post something relevant to your target audience on your business page.  What’s relevant?  Keep your posts to 2/3’s non-real estate related, and 1/3 about your business. They like food and wine, so post things about local restaurants and gourmet food shops, great kitchen upgrade ideas, and feature a home with an awesome kitchen.  They like to travel so talk about places to visit within driving distance, events in nearby cities, then how to buy a vacation home, explain reverse mortgages.  They have kids and maybe grandkids so talk about how to help kids start adult life with healthy credit habits, college saving funds, and about how to gift a down payment on their kids first home.  And so on…

You’re not limiting yourself to seniors, you’ll get first time home buyers because young people ask their parents for advice, you’ll attract other foodies who like to travel, and other people with similar interests.  You’re just focusing on where you are most likely to be successful.  If you’re a younger hipper type, target people like you – post about all the other things that interest you, plus a 1/3 about real estate topics that related to your core audience.”  — All great advice thank you Stacy!

3. Network.  With the shifts in the economy & market – now is the perfect time to connect with smart, like-minded area business professionals and share ideas, strategies and – SPHERES.  Area CPAs can send you clients who are looking for good investments.  Attorneys handling divorce, estates and real estate holdings can send you buyers, sellers and leads.  Human Resource managers can use your expertise to help their employees  find homes and put down roots in a community.  In return – you have the ability to send your clients their way as well.  Great for you – great for your networking partners and great for the customers.  In times like these – people NEED referrals they can trust.  It makes them feel safe, cared for and re-affirms that they are making sound decisions for themselves and their families.  THAT is the kind of thing that cements relationships and creates a client for life.

Some things to think about for this week. Put the 3-7-27 rule of marketing to work in your business.  And know that if you need some help showing up – OVER and OVER – cost-effectively, easily and without stress, our team is there for you.  Visit us online at www.prospectsplus.com, or call us at 866.405.3638 today.  We’ve got you covered!

In Step with VIP Broker Cindee Cullingford

We often interview agents with success stories, but this week we had the awesome opportunity to share an interview with one of our power brokers who uses smart marketing tools to help her agents succeed at a high level and brand her business throughout her market.

Here’s what we learned…

Q:  Thank you for agreeing to our interview. Can you first tell our readers a little about yourself?

A:  I am a small-town girl with a big appetite to succeed!  I am the youngest and only girl with three older brothers, and I adore each one for different reasons.  I lost my middle brother in Vietnam when I was 14, so I believe that shaped a part of me for the rest of my life.  I flew off to one of the biggest cities when I was 18 years old.  I moved to Los Angeles, California with the blessings of my family.  I never looked back. Real Estate is actually my third career.  I was excited to join the Real Estate industry back in 2004, and continue to learn every day.

Q:  As a Broker/Owner, you’ve probably waded through many different marketing options, can you tell us what attracted you to ProspectsPLUS!?

A: Boy, have I!  I actually used ProspectsPLUS! many years ago, but stopped mailing postcards as so many agents tend to do.  When I opened my Brokerage, Coral C’s Realty & Property Management, LLC. just 4 years ago, I started receiving emails from your team?  The Just Sold postcard was completed for me and all I had to do was approve it and click “OK”.  So, it was Ramona and the ease of use of the postcards.

Q:  I know you offer Just Listed and Just Sold postcards to all your associates, which is awesome. What has that meant for you in terms of company branding, agent retention and recruiting?

A: It is in my best interest to make sure each of my Sales Associates mail out those important Just Listed and Just Sold postcards to keep my branding (and their business) alive.  So, I made the decision to include 100 postcards, complete and mailed out for each Sales Associate every time a home is sold or listed.  This is a great incentive to offer new Sales Associate for a small amount of money.  Even the seasoned agents find it a great tool and stay loyal because of it.

Q:  What advice do you have for agents eager to compete in this busy market?

A: Take every advantage offered to you in the way of marketing, but STAY consistent when you start farming.  ProspectsPLUS! offers a variety of inexpensive ways to keep your name in front of everyone that needs real estate assistance.

Q:  Can you share what’s working for your associates in terms of staying top of mind with their sphere and farm?

A: I can honestly say that all of my Sales Associates at one time or another have said “Thank you” for including the postcards in our Sales Package.  But more importantly, they have each had responses back from owners wanting us to list their home because they received our postcards.  The other awesome way to stay in touch with clients is to pick up the phone and prospect at least 5-10 people a day, five times a week.

Q:  Any fun ideas you’d like to add for agents or brokers for staying ahead of their competition?

A: Keep your sales associates happy because they are your bread and butter.  We spend considerable time inside and outside of the office together.  We love getting the agents and their spouses together for comedy night.  I know we have all heard of the “team environment”, but we actually have one.  If an agent can’t show for any reason, another agent will step in and assist.

Q: How can our readers connect with you if they have referrals they’d like to send your way?

A: We are always available for referrals! Coral C’s Realty office number is 321-613-5605.  We are on Facebook, Twitter and LinkedIn.

Thank you so much Cindee! Your advice has been awesome. If you’d like to learn more about sending postcards for your team as a broker, or how to stay consistent and out front of your competition as an agent visit www.prospectsplus.com today or call our team at 866.405.3638.

 

With inventory in high demand, and buyers eager for deals, sometimes it takes a little objection handling skill and myth-busting to turn these sellers into happy clients.  

So, let’s put on our “Myth-busters” hat for a moment and take a look at some common misconceptions:

1.  All FSBOs are hard to work with. Really – all of them?  In truth, most sellers who are trying to fly solo to get their homes sold are eager to save money, not well-informed as to what it takes to price right in today’s market and usually fairly motivated.  Are they distrustful of agents?  Sure, many are — but that doesn’t make them difficult – it makes them human beings.  It’s YOUR job to earn their trust, treat them with respect, develop a relationship and make them raving fans.

How do you help develop that relationship? Consistent communication, professional real estate fsbo marketing postcardspresentation tools and a can-do attitude.  Try the “7 touch” series of our real estate FSBO marketing postcards – they’re perfect for getting your foot in the door and raising those questions (and answering them) in the minds of the sellers that get them to then call you for help.

Or our FSBO door hangers are very popular (and perfect for keeping a stash in the car for a quick leave-behind every time you see a For Sale By fsbo door hangers Owner! Many of our direct response tools, and any time you are reaching out to get in the door of a potential listing, especially a FSBO, be sure to offer something of value.  A fair trade item.  A reason to contact you. (And a reason for you to contact them!)  Great ideas for this are free reports, market information, list of resources, our Pricing Pyramid.  You can find lots of fair trade items in our RESOURCE section of our site!

Click here or on the video box below to see how easy it is to order these door hangers!

2.  All FSBOs Are Overpriced. Don’t you just love sweeping generalities?  In truth, (again) – many probably are.  But surprisingly, with all of the internet information out there, and the fact that it is a buyer’s market — many for sale by owner sellers DO get pricing a property right. But more often than not, they don’t get that they can get MORE for their home, statistically, using a real estate professional so it’s your job to help them understand that!  

 

Many time sellers think, “how hard can it be?” Especially when they want to tack your commission onto the top of what you’ve already determined to be Fair Market Value so they can get every penny possible from their investment. When you say no to the higher price point, you’ll often get hit with the “I can just sell it myself and not have to pay anyone” response.

Here’s a technique to try:
“Mr. and Mrs. Seller, I can appreciate your thought. Many homeowners weigh out that option when they decide to sell their home.  The top priority for most home sellers is getting the highest amount possible from their home. Is that your top priority as well?  What I can share with you with you is a study conducted by the National Association of Realtors every year called the annual Profile of Home Buyers and Sellers.
It shows that in the last year, the average FSBO home sold for *$185,000 compared to $240,000 for agent-assisted home sales. So, you can see that even with paying a commission, I can still get you a higher dollar amount for your home than you could selling it on your own.

Would you like to know why? The biggest reason is the exposure I can create for your property as opposed to what you can do on your own. With an agent, the property is entered into the MLS where it is broadcast marketed to not only consumers via the paper, home guides, and a wide range of internet sites, but to the ______ agents in our area as well. By creating greater exposure for your property we create greater buyer competition which leads to a higher selling price.

That, and as a real estate professional with ___ years of experience and because I’m a third party, I’m better able to negotiate on your behalf, getting you the best deal for your home. You have to remember that a buyer working with a For Sale By Owner knows that you aren’t paying a commission, and more often than not, they’re well versed in the price of the comparables in your market, so they are already in “bargain hunting” mode.

When you take all of that into consideration, as well as how much of your own valuable time will be taken up with trying to do your regular job plus take on showing the property, trying to negotiate, searching for the necessary legal documentation and trying to qualify buyers, can you see how you could be saving more by using a licensed agent?”

This may be a good time too to introduce the Merchandising Review.  If you’ve never used it, give it a whirl – you’ll make it a part of your listing tool chest from now on!  It’s a great way to strategically walk sellers through ALL the components of salable listing and even helps to answer some questions (price at the top!) before they’re even raised.  Download your copy for free and start using it today.   By the way – here’s a little Merchandising Review dialogue you can use when contacting FSBOs.

As soon as you see that FSBO pop onto the market, you should contact them by telephone and attempt to use the Merchandising Review as a reason for them to set an appointment to talk with you.

“Hello, Mr./Mrs./Ms/Miss ____________, my name is _______, and I’m with ______.  The reason I’m calling is that I see you have put your home on the market and I’m sure you’re eager to get the best price for it – right? (Wait for their answer!)

Wonderful!  I wanted to offer you a very special tool that we use called a Merchandising Review Form…have you heard of it before?  It is what I use to make a comprehensive analysis of whether a home is salable in TODAY’S market and what you can do to guarantee that it will sell for a great price and terms.

What I’d like to do is set a time when we could sit down together and go over the Merchandising Review.  No cost or obligation – just something that can help you get your home sold.  It takes about 20 minutes. (Set a time.)

Walk them through each item and negotiate the issues that were might keep the property from selling.  Correct these issues, and ask if they would allow you to show them your marketing plan.

3.  FSBOS can just do this on their own. I love this one.  Truth is, statistically, most FSBOs do end up using an agent.  In recent statistics only 8% of the homes sold according to NAR were FSBOs. And of those – 31% don’t even market their properties. So, they NEED someone like you to lend them the expertise to not just get a great price, but to make the process as headache free as possible.

Most Difficult Tasks for FSBO Sellers:

  • Getting the right price . . . . . . . . . . . . . . . . . . . . . . . . . . .  18%
  • Preparing/fixing up home for sale: . . . . . . . . . . . . . . . . .  13%
  • Understanding and performing paperwork  . . . . . . . . .  12%
  • Helping buyer obtain financing: . . . . . . . . . . . . . . . . . . . .  6%
  • Selling within the planned length of time: 3%
  • Having enough time to devote to all aspects of the sale: 3%

FSBOs really are the “low hanging fruit” for many agents – why?  Because they’re usually still motivated to sell!  But the keys to success are that  you have to consistent (can’t show up just ONCE – remember MOST deals are sealed after the FIFTH contact), timely (most successful FSBO experts make reaching out to FSBOs a DAILY business practice – no half-stepping it!) Know your business and your market (practice, drill and rehearse your presentation and you’ll create a presence as the turn-to agent in your market for FSBOs.

So go ahead – time to CRUSH IT and start listing those FSBOs and start maneuvering, out-selling and out-smarting the competition in your market place!  And remember -we’re here if you need us.  Call our team today at 866.405.3638 to help choose the marketing materials you need to capture this market!

Was YOUR Name Drawn?

Wow! A big thanks to all our amazing contestants this past month! We had fun changing it up with a prize of Google Home Assistant.  We had some terrific entries – and we thank you all so much for sharing your ProspectPLUS.com experiences! If your name wasn’t drawn – no worries!  We’ll choose three MORE winners May 2nd. Congratulations everyone!

Jennifer Ingiald who shared, “I have been using ProspectsPLUS! for all my direct mail
campaigns for about two years now, and have yielded awesome results! The last jumbo postcard I sent was for a Just Sold campaign, and I received two new listings just from that postcard. I love how they are always adding new design templates too so I can choose a new one each time. Phenomenal customer service too!”

 

Carmen Wieck who shared, “A few months ago, when I started working with ProspectsPLUS!  I
had some hiccups. HOWEVER, when I called to talk about my issue, Hayley was beyond helpful and made everything smooth for me. I got a listing from that mailing and then a referral from that listing – BOOM, two in one shot! Now I am ‘addicted’ to ProspectsPLUS! I do all my marketing with them. Love the quality, customer service, the professional copywriting on their marketing pieces. I am a customer for life.”

 

Steve Turner who shared, “I love how easy and fast ProspectsPLUS! is. Whenever I need postcards or mailings sent, their online ordering is so easy to use and creates amazing results in just minutes! Great prices, easy to use and full of helpful ideas.”

 

Kathleen Carhart who shared, “I have used ProspectsPLUS! to market my farm area with great success. They have a terrific selection of marketing materials to choose from and the quality is excellent!”

Thank you to everyone who entered! Join us for our April contest where we will be giving away $500 worth of Gift Cards! It’s easy!  Leave your review of your ProspectsPLUS.com product or service on our Google+ Page  or our Facebook Page today!  

We’d also like to invite you to join us in our goal to raise $50,000 for St. Jude Children’s Research Hospital®! We are matching every donation this year, dollar-for-dollar! Learn more at: blog.prospectsplus.com/st-jude.

Making Connections in Unexpected Ways

by Julie Escobar

While a firm believer in the power of consistent top-of-mind marketing using series such as our neighborhood update postcards or content postcards, I always like to remind agents to also include an element of surprise in their marketing efforts as well.  It’s terrific to keep people informed — that brands you as an expert and resource people can trust and call on for their real estate questions or needs.  When combined, however, with a genuine thank you and note of appreciation, you now also brand yourself as someone who cares about your customers — and about details!

This week’s Master Marketing Schedule tip is to send the Out of the Blue postcard from Customer Appreciation Series to 200 of your past clients.  What if you did that at least four times per year?  Or took a few moments to send these kind messages to a block of your sphere of influence VIPs per month?  Do you think it might be worth a few transactions or referrals?  You bet it would!

For the reverse side of the card, I would recommend choosing the “standard back with message” – it has a little more room for a message.  Here are some ideas for customizing your message:

  1. Invite to a customer appreciation event.  Spring is a great time to host a party!
  2. Offer something of value.  We have some terrific Free Reports that are easily customized and downloadable that you can offer.  Nine Strategies to Get 17% More For Your Home or 10 Renovations That Reap Return on Investments are two great ones you can offer.
  3. Offer a service. Let them know that the market, and mortgage rates are changing — and that has a lot of people asking questions about what that potential means for their home value.  Offer to meet with them to share a home price evaluation and answer any questions they might have.
  4. Let them know when you’ll be in the area!  Schedule a time for you and your team, if you have one, to walk your geographic farm or be available for a meet and greet at a local coffee shop or community center. Then share that information with your fans and offer to answer any questions they might have and even tell them to invite a friend!

Then follow up.  Block time to connect with at least 25 past clients per week with a kind word, a thank you and an offer to assist.  We’re in the business of people, and when you reach out on a regular basis and let people know you genuinely care — you’ll be rewarded with new business and customers for life!

Need help with your marketing? Contact our team today at 866.405.3638.