Leaving Nothing Left to Chance
By Julie Escobar
Competition hasn’t been this fierce in years so savvy agents are using every tool at their disposal to generate new listings, stay top of mind, and brand themselves as the neighborhood expert to call. Staying in touch with the VIPs in your sphere of influence makes sense. Those folks know you, trust you, and are already willing to do business with you. But how do you cultivate new relationships in markets that you really want to make an impact? You use smart tools that connect you with consumers in communities. You offer items of value. And you get out there and meet the people.
Todd Robertson recently shared five tips for making the most of your geographic farm and sphere:
- Ask for referrals. Never be afraid to ask for new business. When you get comfortable with the level of service you provide, asking for the business gets easier. Get to the point where you KNOW that you have a marketing plan that helps sellers get the most from their house. Know that you can assist buyers in finding the perfect home for their family. Know that you are an advocate for consumers, and know that you are the best person for the job – then you have an obligation to let people KNOW that you are a real estate professional who can help.
- Mail consistently (3-7-27 law). We’ve shared before the 3-7-27 law of branding, which is that it takes three contacts for someone to recognize your name, seven to put your name with your business and twenty-seven to become a brand in someone’s mind. If you are losing business to other agents in your market area, is it because they are consistently making more contacts and staying more top of mind than you are? It’s a tough question to ask, but if you can show up, and show value consistently, then sellers and buyers are going to consider you the brand to trust with their real estate investment questions and needs. Mind-share equals market share. Our Market Dominator members know that they are showing up month after month with the 12×15 Market Dominator to ensure this kind of consistency and value are creating that mind-share and market share.
- Let people know what areas and price points that you service. Through your marketing and prospecting, let people know where you do business. If you’ve ever lost a listing because a friend or acquaintance said, “Oh, I didn’t know you worked that area,” you’ll get the message behind this step.
- Train on how you take referrals. Let folks know that their referrals are important to you and how they can best deliver that information to you. “Shoot me a text, an email – or give me a call if you know someone who is looking to buy or sell a home.”
- Thank your VIPs. Thank everyone for their referrals. Go the extra mile. Send a card or letter to them after the fact. Say, “Thank you for your kind referral. It’s the lifeblood of my business and no small thing, I know, so I appreciate it. Know that I’ll treat them with the highest possible level of care and you can rest assured they, and their interests, will be well taken care of. I’ll also keep you posted on how that referral is going so that you know your friends or relatives are in good hands.” Stand out in every way. People want to do business with those who they know can get the job done with the least number of headaches and the highest return on investment. They also want to work with people who are service-minded and extraordinary in their client care. That old adage, “they don’t care what you know until they know that you care” has never been more true.
Showing up in every way possible in your market place is critical to owning that market share.
- Take the time THIS month to put your plan in place to ask for referrals. Can you make ten extra calls this week towards that goal?
- Be consistent. The 12×15 Market Dominator is a powerful way to show up each month with value-added content and calls to action. Follow those mailings up with phone calls and door knocking in that geographic farm to help folks put your face with your name and know you are a resource they can count on.
- Review your marketing tools, your website and social media. Are you letting people know the areas you serve?
- Remember to let people know how to reach you if they have referrals. Review your business cards, email signature line, and marketing tools.
- Send thank you messages weekly. We’ve got some easy-to-order Thank-You postcards that can streamline that process.
Make real estate farming a top priority this season and you’ll start to see returns on that investment. Stay strong, and let us know if we can help you.
If you’d like to learn more about the Market Dominator, call Todd Robertson at 702-683-1967.
Need additional marketing help? Contact our team at 866-405-3638.