Tuesday, January 23, 2018

3 defining moves to start the year
Set the pace for Strategic Success

As competition grows more fierce, you may find yourself asking, “What’s my next move?”

Savvy agents are navigating the New Year with ease by investing in smart systems and tools that help them compete in today’s real estate market.

Who will take the lead in both listing and selling homes this year?

Those who stay strategically focused on one-to-one marketing, negotiate effectively up front and commit to consistent business development through monthly prospecting.

Time to set the standard high

In any market, taking a listing that won’t sell is worse than having no listing at all.

And while you may be tempted to take listings at any price, terms or commission, this is also a recipe for failure.

Consider instead, raising your standards using a strong, effective tool which spotlights the homeowner’s commitment to getting the home sold in the quickest possible time.

Our Merchandising Review is a great tool for this and there are three successful ways to implement it.

First: Make the right decisions at the listing appointment. It’s likely during your MerchandisingReviewTHUMB
presentation your sellers may have an objection or two regarding terms.

Try to shelve objection handling until after you have completed your presentation and obtained the signatures for the listing.

Then close your appointment by going over the Merchandising Review to make certain everything is in order.

Stating the Merchandising Review is a helpful tool to ensure everything is in order before the home is listed, the same way pilots use a pre-flight checklist.

This list of 18 different seller-controlled factors actually will help generate a quicker sale for the best possible price and terms. Then simply walk through the list and negotiate where necessary.

Get non-selling inventory back on track

Go through your inventory and red flag problem listings.

Walk PricePyramidTHUMBthrough the problems using the Merchandising Review and the Five Most Common Mistakes tools.

Contact your sellers by phone or visit in person to help them understand those review items that are hindering the sale of their home.

Sample Dialogue: “Mr. and Mrs. Seller, we’ve had your property on the market for ____ days now and we are not getting the results that either of us had hoped for. We have a new tool called the Merchandising Review that helps us identify problem areas. I’d like to sit down with you to discuss those potential issues.

I believe if we walk through these items we can get your listing back on track and help exact a faster sale for your home. Would tomorrow at 6:00pm be good or would 8:30pm be better?”

Data mine for the niche that’s right for you

By targeting niche markets that are near and dear to your own interests, you’ll be better able to “speak their language” and let your passion for that market segment build the momentum you are looking for.

For example, do you love listing and selling waterfront properties?  Is boating the way you unwind?  Now, it’s easy to find and market to like-minded people and works not only with your sphere — but consumer interest groups that most resonate with you.

That way you are growing your book of business with the kind of folks you are most interested in working with. (And that just makes work, and life, a whole lot more interesting, don’t you think?)

It’s never been easier to do  

Create a target mailing list to search for the customer segments you most want to market to:

mailing

  1. Choose High-Income Consumers for luxury or investment property.investor
  2. Choose the Lifestyle Interest option for niche markets such as golfers, Tennis enthusiasts, and Boat owners.
  3. Empty-nesters are a great segment to market for downsizing. You could end up listing their current home, and help them purchase their new home
  4. Look to High-Income Renters for high-quality first time home ownership options.
  5.  Choose move up market for those who have been in their homes over nine years.  Help them list their current home and find their new dream property!

These market segments are just the tip of the iceberg.  Find the niche that most works for you.

Whatever strategy you deploy this season, make sure your message is clear and marketing consistent.

move up

Call, see or send something to everyone in your base of business at least every 30 days. You will find that your productivity, profitability, referrals, and commissions will be on track all year round.

Choose a postcard series from the niches mentioned above and send at least 100 postcards out to your newly targeted list.

Need help?  Call our support team today at 866.405.3638 to put the best systems in place to build your business easily, and cost-effectively. 

Monday Motivation

It’s not the mountain we conquer but ourselves.

– Edmund Hillary

We are here to support your success! Call us if we can do anything for you at 866.405.3638 today!

Take it to the next level

7 tips to take your real estate business to the next level

If indications are right, 2018 should be quite the interesting year in real estate.

If you’ve decided it’s the year you’ll take a giant leap forward in your real estate business, well, I’ve got your back, read on for tips on how to do just that.

Treat your business as a business

It is not only a business, but it is one in which you are the CEO. So, act like a CEO.

Do you have a business plan? If not check out our Free Online Realtor Business Plan.

“If I asked you to drive from Omaha, Nebraska to San Diego, California what would be the first thing you would do? Probably mapquest and plan out the directions!” suggests Bubba Mills of Corcoran Consulting and Coaching.

“If I ask you how to do 50 transactions in one year, then shouldn’t you do the same thing?” he continues.

Those “directions” can be found in a business plan – the roadmap for your real estate business.

And, if you do have a plan, does it still require the use of outdated strategies? Update your Real Estate Marketing Plan to meet the needs of today’s real estate practice and today’s real estate consumer.

Next, build a budget, itemizing how much you’ll spend on your car, your dues, desk fees, E&O insurance, your listings and all the other things you spend money on in your business.

A budget is the only way to ensure you’ll meet your income goals by the end of the year.

Let the past guide you

Decide to focus on what has brought you success in the past and do more of it.

Perhaps choose the one tactic that worked best for you as a new agent and concentrate on that for a time.

Was it cold calling?

Sending postcards or newsletters? Door knocking? Whatever it was, resurrect those skills that worked in the past and put them to work helping you jump to the next level.

Start one new thing this year

Try your hand at something you haven’t done before such as automating your Just Listed/Just Sold Postcard mailing.

Free up time from manually handling your Just Listed Just Sold Postcard mailing and automate it instead.

It’s easy to do, affordable and takes the ongoing stress of getting those cards out in a timely manner off of your shoulders.

This leaves you more time to focus on other areas of marketing that need your attention.

How about trying your hand at sending a newsletter?

Las Vegas agent Debbie Drummond tells the story of how a newsletter helped her snag a client for a luxury high-rise condo after an agent who lived in the building failed miserably.

The couple ended up calling Debbie after they received her newsletter. “The newsletter has proven to be a money maker,” she tells Tyler Zey at easyagentpro.

Hire help

The quickest way to move your real estate business to the next level is to stop doing things that don’t make you money.

Hire an assistant to do them for you.

“If I had to touch every single piece in my system myself, I would never be able to produce multiple amounts of volume,” one of Las Vegas’ top producers tells the Las Vegas Review-Journal.

“You have to be efficient, and you have to leverage the system (by hiring).”

Think you can’t afford an assistant? Try going the virtual route first. If you choose a virtual assistant who specializes in real estate you’ll do away with the time and effort involved in training him or her.

Two to consider are Kim Hughes & Company and Real Support. Both companies specialize in supporting real estate agents.

Pay tribute

To truly move your business to the next level, you need to admit that it’s time to stop ignoring your past clients.

To drive this point home, did you know the cost to acquire a new client is five times higher than pursuing someone you’ve already worked with.

Ready for another powerful statistic? Nearly 40 percent of home sellers found their agent through a referral (according to the NAR).

If your website isn’t effective, fix it

Who in your market ranks organically for your preferred keywords?

If it isn’t you, maybe you have some website issues. Check out the sites of those who do and vow to beat them at the Google game.

What are they doing that you aren’t? Typically, it’s the agents who post content consistently that get the best organic rankings, but go through the sites, page-by-page and learn from them.

Take time off

Taking time off actually increases our productivity by 80 percent, according to researchers at Alertness Solutions.

They are a company founded by former NASA scientists that provide fatigue management consulting services.

Research from Harvard University, however, cautions that unless your vacation is planned (at least one month ahead) and you travel far from your work, you won’t get a good ROI on that time away.

Unplug – completely – while you’re away and your focus will be stronger when you return to work, according to researchers at Boston College Center for Work and Family.

Rest and recharge your way to the next level in your real estate business.

Choose a Newsletter or the Market Dominator to send to 200 homes in your Geographic Farm in the month of January! Make sure they know YOU are their neighborhood expert.

The ProspectsPLUS! Team are your biggest fans! We are here to help you succeed in 2018. Please reach out to us if there is any way we can help you at  866.405.3638.

Wednesday Productivity

“The way to get started is to quit talking and begin doing.”

– Walt Disney

 

Here are 3 things to check out that will help you CRUSH IT in 2018!

1. The Free 2018 Real Estate Business Plan

Treating your business like a business is a vital component to succeeding long term in this industry. While some agents put together elaborate business plans, there is something powerful to be said for keeping it simple. Check out our one page Online Real Estate Business Plan – Click Here

2. The Online Sphere of Influence Calculator

Top real estate professionals state 66% of their business comes from their sphere of influence. So how many people do you need in your SOI? Check out our Sphere of Influence Calculator (from your desktop) to find out the answer – Click Here

3. The 12 Month Done-For-You Strategic Marketing Plan

The Real Estate Marketing Planner is a powerful 12-Month-Guide that strategically defines what marketing to do when. Four key market segments are included, Niche Marketing, Listing Inventory, Geographic Farming, and Sphere of Influence – Click Here

We are here to support your success! Call us if we can do anything for you at 866.405.3638 today!