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Saturday, May 18, 2024

Lisa Gray

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Lisa is an accomplished marketer with years of expertise in direct response marketing, digital marketing, data analytics and business development working with both B2C and B2B.

Leads – the lifeblood of every real estate practice. Determining where to get them, how to nurture them and how to convert them is a full-time job.

Unfortunately, it’s a job most agents can’t afford to outsource, so they end up trying to squeeze the duties into an already full day of listing and selling real estate.

Everyone, just about, will eventually buy or sell a house so the world is an unlimited source of leads. Choosing where to focus your energy, then, is challenging and most agents start first with what’s free.

And, unless you pay to advertise on social media, it’s a free and lucrative way to generate real estate leads. And, although LinkedIn is overlooked by many in the real estate industry, it’s a goldmine.

Need more referrals?

It’s important to understand that although you can be sociable on LinkedIn, it’s more of a business networking site than a social media site, like Facebook or Twitter.

Like the aforementioned, however, LinkedIn is the ideal place to nurture relationships with agents across the globe, with vendors and with former clients – relationships that can be a valuable source of referral business.

Think of LinkedIn as a great-big networking web and you’ll get an idea of how much value it can add to your business when it comes to obtaining referrals.

LinkedIn can help boost your online presence

A complete LinkedIn profile adds immensely to your ability to be discovered in general searches. Then, there’s the fact that LinkedIn allows you to link your on-site profile to your business website or blog.

“If this is done properly, you can have those links attached to your chosen keyword phrases, thereby further enhancing your search engine optimization (SEO) both within LinkedIn and on the open web,” claims Jeff Korhan, writing on Social Media Examiner.

This, in turn, boosts your overall online presence.

Getting started

Like all things social media, a LinkedIn campaign takes time to become and to remain established. A complete profile is a must and it’s the first step you should take after joining the site.

In fact, “your profile is a powerful marketing tool,” according to digital marketing strategist Stephanie Sammons.

Think of your LinkedIn profile as your professional curb appeal. Use care with your descriptions and upload a professional photo of you, not your dog and not your child.

Sure, it takes time, but when you understand that complete profiles are viewed seven times more often than incomplete ones, you’ll see that it’s worth the time and effort. You can find a walk-through of how to create the perfect LinkedIn profile at Easy Agent Pro.

After you’ve completed the profile, move on to create your company page. From this page, you can link to content on your blog or other social media sites.

Become a joiner

LinkedIn groups are the goldmines of the site – or lead mines if you will. Choosing local groups, or groups populated with folks with similar interests can lead to a whole new sphere of influence to mine for referrals and, possibly, expose you directly to new clients.

Nicole Williams, LinkedIn’s career expert tells Libby Kane at Forbes.com about joining a group for new moms. “When I needed an accountant, it turned out there was one in my group who I ended up hiring because of the connection we made over being new moms,” she says.

Don’t hesitate to join a group that has nothing to do with real estate but everything to do with one of your passions. It’s about making connections and networking with others. Mahjong players, history buffs and even new moms buy and sell homes, after all.

And they also know people who are considering buying or selling a home.

A little research within LinkedIn will turn up an abundance of information on how to get the most out of the platform and its many features. Take the time to get to know LinkedIn – it may just turn out to be one of your favorite lead generation tools.

Another way to generate interest and potential leads is to send at least 100 Free Home Market Analysis postcards from the Call to Action Series to an area where you want more listings.

Need help targeting the perfect niche of buyers or sellers? Use our mailing list tool to create the ideal list (it’s easy) or call our support team for assistance at 866.405.3638!

PLUS: When you have time…here are 4 free ways we can help you STILL CRUSH IT in 2018!

1. Become a Listing Legend Free eBook.

Ready to take a vertical leap in your real estate career? If you’re looking for inspiration…and the tools and methods to dominate a market and go to the top in real estate…you’ll find them in this free book. – Click Here 

2. The Free 2019 Real Estate Business Plan.

Treat your business like a business it is vital to long-term success in this industry. Some agents may put together elaborate business plans, yet there’s something powerful about keeping it simple. Check out our one page Online Real Estate Business Plan  – 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

4. The Free Online ROI Calculator. 

Consistency and automation are the keys to success. Discover how effective direct mail marketing can dramatically increase your bottom line. Enter your statistics in our Free online ROI Calculator and click the ‘CALCULATE MY ROI’ button to see your results instantly! – Click Here

Also…check out these cool tools 

 Three Click Postcards – Just snap a home photo & create a postcard all from your mobile phone

MLSmailings.com – Automated Just Listed, Just Sold Postcards

Market Dominator System – Become a neighborhood brand

Want to Refer a friend or colleague? Refer them, Here. THEY get a Free $25 Gift Card and YOU become their hero. BTW, you also get a $25 Gift Card too (now that’s what I’m talking about)!

Small business owners are a unique breed. You work harder than other folks – longer hours, fewer days off and vacations? Yeah, right.

NAR’s 2018 Member Profile claims that “Most REALTORS®” put in a 40-hour week.” We don’t believe that.

We agree, in fact, with a recent Gallup poll finds that nearly 40 percent of small business owners work more than 60 hours a week. That seems to be more illustrative of the work ethic exhibited by the agents we know.

Furthermore, weekends are prime time for many real estate agents so taking them off like a normal 9-to-5 worker is pretty much out of the question.

That doesn’t mean, however, that you shouldn’t find at least one other day of the week to get away from work. A day for yourself.

Are you “too busy” to take care of your health?

We recently read a survey of small business owners who claimed that, although they promised to take Thanksgiving off, 70 percent did not.

No reason was given, but we can pretty much guess why: “I’m too busy.”

If that sounds like you, enjoy the busyness while it lasts, but allow it to control you at your peril. Science has shown us that working too much leads to health issues:

  • Working non-stop raises your chances of suffering a stroke by more than 30 percent compared to the risk for 40-hours a week folks.
  • Work more than 55 hours a week? Your chance of developing atrial fibrillation (irregular heartbeat) is 40 percent higher than those who work a sane schedule.
  • An Australian study found that if you work between 49 and 59 hours a week you are 48 percent more likely to experience a decline in your mental health than those who enjoy a standard work week. Work more than 60 hours a week and that chance increases to 53 percent.

Keep in mind that these studies don’t just cover the time spent at the office. Add in the texts you answer during dinner, the emails you respond to from your home office before tucking the kids in and the phone calls you return when the house quiets down for the evening.

Being “too busy” with work should never come before taking care of your health. If for no other reason than that, take a day off every week. 

But there are other reasons

The belief that working “twice the amount of hours results in twice the output is short-sighted and toxic,” according to Jason Lengstorf, architect and lead developer at Gatsby.

Why?

Over the decades since Henry Ford ushered in the 40-hour work week, researchers have attempted to determine exactly how many hours a week we can work and remain productive.

What they’ve learned recently is that a 50-hour work week results in a reduction in productivity (Stanford University). After 55 hours of work, it “falls off a cliff,” according to Bob Sullivan at cnbc.com.

“So much so that someone who puts in 70 hours produces nothing more with those extra 15 hours,” he concluded from the study.

Sadly, the promise that technology would simplify our lives has yet to be kept. Sullivan notes that “technology seems to be irresistibly driving the trend” of working long hours.

This is especially true with real estate agents who insist on being on-call almost 24 hours a day, 7 days a week, even on Thanksgiving, apparently.

Elon Musk may have it all wrong

Ryan Cooper at theweek.com calls it “The Musk Meltdown.” It looks like old-fashioned burnout to us.

The man puts in an insane number of hours each week – 120 according to his count. He works in 5-minute segments and is headed toward burnout, according to David Finkel, who co-authored the book “Scale: Seven Proven Principles to Grow Your Business and Get Your Life Back.”

The results – the Twitter tirades, the tears, the admission that he requires a prescription drug to get to sleep, should serve as a lesson for the workaholic real estate agent.

Avoid a similar fate by taking a day off. Every week. Religiously.

And you can do this by relieving yourself of as many of the day-to-day business-running tasks as possible. Either through technology (automating whatever systems you can) or delegation (hiring help if necessary), you can create a boundary between your work and personal life.

 Techniques to consider

We aren’t suggesting you hang your current clients out to dry on your day off. Physicians have an on-call schedule and you should too. They ensure their patients are covered when they’re not on-call.

One of the best suggestions we’ve heard is to team up with another agent. You cover for her on her day off and she does the same for you on your day off.

If you’re a member of a real estate team, this one should be simple. If not, find another agent in your office with a similar work ethic.

Then, when it’s your turn and you finally have that 24 hours of leisure time, use it wisely. Reading through agents’ thoughts on the day-off issue at activerain.com, we came across a post from an agent who writes about an annual event in his area that is so special, “it is one of the few days I do take off.”

In the very next sentence, he says that “even some present and prior clients/friends joined us.”

Don’t kid yourself. If clients, whether current or former, are involved in your activities, you are working. It is not a day off.

Turn your phone off and shut down your computer to resist doing work on those days. It’s far too easy to allow one phone call, one text or one email to turn into just another day at work.

And, if you find you just can’t seem to stick to a weekly day off, start smaller. Try a day off during alternating weeks or one every 10 days. Do whatever it takes. And don’t you dare work on your day off. The real estate world will still be here when you get back.

Want an easy way to stay in touch with your past and potential customers that won’t take time or thought? Send out a monthly postcard from our Holiday Series to your chosen mailing list (yes, there are holidays to celebrate every month of the year).

This month send out the Most Wonderful Time of the Year postcard from our Holiday Series to your chosen mailing list.
Let the people that are important to you and your business know you are thinking about them.

Need help targeting the perfect niche of buyers or sellers? Use our mailing list tool to create the ideal list (it’s easy) or call our support team for assistance at 866.405.3638!

PLUS: When you have time…here are 4 free ways we can help you STILL CRUSH IT in 2018!

1. Become a Listing Legend Free eBook.

Ready to take a vertical leap in your real estate career? If you’re looking for inspiration…and the tools and methods to dominate a market and go to the top in real estate…you’ll find them in this free book. – Click Here 

2. The Free 2019 Real Estate Business Plan.

Treat your business like a business it is vital to long-term success in this industry. Some agents may put together elaborate business plans, yet there’s something powerful about keeping it simple. Check out our one page Online Real Estate Business Plan  – 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

4. The Free Online ROI Calculator. 

Consistency and automation are the keys to success. Discover how effective direct mail marketing can dramatically increase your bottom line. Enter your statistics in our Free online ROI Calculator and click the ‘CALCULATE MY ROI’ button to see your results instantly! – Click Here

Also…check out these cool tools 

 Three Click Postcards – Just snap a home photo & create a postcard all from your mobile phone

MLSmailings.com – Automated Just Listed, Just Sold Postcards

Market Dominator System – Become a neighborhood brand

Want to Refer a friend or colleague? Refer them, Here. THEY get a Free $25 Gift Card and YOU become their hero. BTW, you also get a $25 Gift Card too (now that’s what I’m talking about)!

Who started the thing where new agents should go after buyers? Sure, right now there are lots of buyers in the market, but it isn’t always like this.

And, there is a truism in real estate: If you list, you last.

So, let’s get you some listings before you stereotype yourself as a strictly buyers’ agent.

Do it right

While shooting a bunch of arrows into the air may result in you eventually hitting something, a planned, disciplined approach to lead generation works far better.

This means choosing which methods you will use, planning your marketing approach carefully and scheduling a time to perform the necessary follow-up.

Most important of all is that, should you seek advice from your colleagues, ignore the unsuccessful among them and definitely pay close attention to anything offered by the most successful agents.

Target neighborhoods

You’ll often hear this approach to real estate lead generation referred to as “geographic farming,” and for good reason.

To be successful requires certain farming techniques, such as choosing a fertile plot of land, planting marketing “seeds,” and having patience while these seeds germinate.

Then, you need to nurture them along.

To find that fertile plot of land, research. While there’s no consensus among the experts, many suggest that you start with an area of about 500 homes. Ultimately, it comes down to your budget – how much money you have for marketing – that will determine the size of your initial farm.

To narrow down the choice of area, agents use different techniques. Some choose an area based on its current sales activity.

“Look for movement,” suggests Martin Bouma with The Bouma Group in Ann Arbor, MI in an interview with Gary Keller.

Others choose by home price point. For instance, if you know how much you want to make in gross commission income, it’s easier to hit your target if you’re consistently listing homes in a particular price range.

Bouma suggests that you research each area of interest to determine how many commission dollars were earned last year (by all agents) and then determine if any particular agent dominated in listings. If the dollars are high and competition is low, go for it.

Ok, so you’ve chosen your ideal geographic farm – now what?

It’s time to start communicating with these people. Again, how you’ll do this depends on how much money you have to spend on marketing.

If you aren’t crunched for money, consider using “things that people will hang on to,” Bouma suggests. He mails 4-page market reports in a color-magazine-like format.

Successful lead-generating marketing ideas include postcards, flyers and door hangers with the following information:

  • Introduce yourself as the area expert
  • Announce just listed or sold homes in the farm area
  • Advertise an open house that you’ll be holding (hopefully, someone in your office has a listing in the area and they’ll allow you to hold it open)
  • The advantages of buying over renting (for the tenants in the area)
  • An invitation to contact you to learn what’s happening with home values in the area (ideal for absentee owners)
  • Offer a CMA

How often?

“If I was brand-new I think I’d do it every month,” suggests Bouma.

More important than how often, however, is that you reach out consistently. Gary Keller calls consistency “the magic pill” and Bouma agrees: “I just keep reaching out in a bunch of ways, consistently.”

 “The medium is the message”

In the 1960s, Canadian professor Marshall McLuhan studied the media as a way of understanding society. He coined the phrase “the medium is the message” to describe how the medium is as, if not more important than the message, because of its enormous influence on how the message is perceived.

What medium (or mediums) will you choose for your message?

While digital messaging can be inexpensive, it’s also hit and miss in its effectiveness. This doesn’t mean you shouldn’t do it. Consistent blogging and social media use coupled with direct mail, however, is the bullseye you should aim for.

Postcards, capture the recipient’s attention instantly making them less likely to be thrown away than something sent in an envelope.

If you’re a door-knocker, consider printing up your message on door hangers. You can blanket an entire neighborhood (up to 400 homes) for less than $200.

“Having the right attitude is probably more important than any other factor,” when trying to become a top listing agent, according to Phoenix mega-agent Russell Shaw.

“A complete willingness to do whatever is necessary and to have the viewpoint that you are going to persist until you have arrived.”

Get started now, send out at least 100 Free Home Market Analysis postcards from the Free Offer Series to an area where you want more listings.

Need help targeting the perfect niche of buyers or sellers? Use our mailing list tool to create the ideal list (it’s easy) or call our support team for assistance at 866.405.3638!

PLUS: When you have time…here are 4 free ways we can help you STILL CRUSH IT in 2018!

1. Become a Listing Legend Free eBook.

Ready to take a vertical leap in your real estate career? If you’re looking for inspiration…and the tools and methods to dominate a market and go to the top in real estate…you’ll find them in this free book. – Click Here 

2. The Free 2019 Real Estate Business Plan.

Treat your business like a business it is vital to long-term success in this industry. Some agents may put together elaborate business plans, yet there’s something powerful about keeping it simple. Check out our one page Online Real Estate Business Plan  – 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

4. The Free Online ROI Calculator. 

Consistency and automation are the keys to success. Discover how effective direct mail marketing can dramatically increase your bottom line. Enter your statistics in our Free online ROI Calculator and click the ‘CALCULATE MY ROI’ button to see your results instantly! – Click Here

Also…check out these cool tools 

 Three Click Postcards – Just snap a home photo & create a postcard all from your mobile phone

MLSmailings.com – Automated Just Listed, Just Sold Postcards

Market Dominator System – Become a neighborhood brand

Want to Refer a friend or colleague? Refer them, Here. THEY get a Free $25 Gift Card and YOU become their hero. BTW, you also get a $25 Gift Card too (now that’s what I’m talking about)!

Congratulations to our $250 Gift Card Winner of our October Strategy Challenge!
Carmen Wieck!

Here’s what Carmen shared as her October Challenge Marketing Strategy!

“To establish myself as a local real estate expert, every month I have a short video about one of the local businesses, sometimes, even with giveaways that encourage engagement”.

“This month the video prepared will be about a well-established local restaurant that was destroyed in a fire 9 months ago and just re-opened this week“.

What a clever and informative way to embrace your target community! Well done Carmen!

To give you a little more insight into Carmen’s other marketing habits we’ve shared a few marketing pieces she’s sent out from ProspectsPLUS! including the Market Dominator, the Free Report, “5 Reasons Why Your House May Not Sell” and the Free Report, “6 Dangers of Overpricing your home”.

For more information on our NEW November Strategy Challenge, Go Now!

Need help targeting the perfect niche of buyers or sellers? Use our mailing list tool to create the ideal list (it’s easy) or call our support team for assistance at 866.405.3638!

PLUS: When you have time…here are 3 free ways we can help you STILL CRUSH IT in 2018!

1. Become a Listing Legend Free ebook.

Ready to take a vertical leap in your real estate career? If you’re looking for inspiration…and the tools and methods to dominate a market and go to the top in real estate…you’ll find them in this free book. – Click Here 

2. 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

2. The Free Online ROI Calculator. 

Consistency and automation are the keys to success. Discover how effective direct mail marketing can dramatically increase your bottom line. Enter your statistics in our Free online ROI Calculator and click the ‘CALCULATE MY ROI’ button to see your results instantly! – Click Here

Also…check out these cool tools 

 Three Click Postcards – Just snap a home photo & create a postcard all from your mobile phone

MLSmailings.com – Automated Just Listed, Just Sold Postcards

Market Dominator System – Become a neighborhood brand

Want to Refer a friend or colleague? Refer them, Here. THEY get a Free $25 Gift Card and YOU become their hero. BTW, you also get a $25 Gift Card too (now that’s what I’m talking about)!

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