It’s true, most businesses get 80% or more of their sales from repeat customers.
However, in real estate most people won’t buy another home for several years so your success as an agent is completely dependent on your ability to attract NEW clients.
This is the life blood of your business.
In the past this has meant the painstaking process of cold calling prospects and offering your services one at a time also known as “dialing for dollars”.
This process is so stressful that it leads to many getting burned out and leaving the industry all together. (There’s a reason why real estate has such a high turnover rate.)
Before you get to the end of your rope here’s some tips on how to find clients that are more effective than cold calling:
Advertisements leads to leads.
Referrals lead to sales.
It’s as simple as that, if you invest your marketing budget in a campaign to obtain referrals from professionals like mortgage brokers, home inspectors, appraisers, etc; then you will find new clients on the regular without the stress of having to cold call or “hard sell” anyone.
Referral marketing is the golden grail of sales because of the fact that people have a relationship with whoever referred them to you and in a weird way how they feel about them “transfers” to you with their recommendation.
Just like cold calling is a numbers game so is direct mail.
Your focus has to be on optimizing your list as each mailing you send will increase your costs.
Sending out a mailing to an “OLD” list could be a very costly mistake, here’s some tips on targeting your list:
You can find custom mailing lists by using services such as usdata and melissadata.
Sharing useful information with the public is a great way to start conversations which passively attracts new clients.
The best way to do this is to have a powerful website with dynamic functionality such as a built in blog and the ability to not only capture leads but also track them and gather information on what your prospects are searching for.
Darnell Jackson has completed over 75 real estate transactions in his career he also founded YourOnline.biz and several other internet properties. He believes we come from absolute greatness and accomplishing the extraordinary is the least that we should expect from ourselves. Follow Darnell @FreedomMMC on Twitter, SoundCloud, and YouTube.