February is Right Around the Corner…

Do YOU know where your business plan is?

By Julie Escobar, Director of Corporate Marketing

As we round the corner toward January’s end, it’s interesting to note that many entrepreneurs fall into three categories: those who created a comprehensive business plan and are on track, those who made a plan but just like those resolutions have started to slip, and those who are still taking the “hope for the best” approach to
their business. Which are you?

In today’s competitive marketplace, savvy business men and women know that having a viable business plan and tracking it not just annually, but weekly and monthly as well is critical to success. Why? Consider how quickly you can find yourself not one month off track, but one quarter or one half of the year and then what? Once you lose your footing, getting back on track and staying focused becomes a slippery slope.

Consumers are more apt than ever to “take their business elsewhere” if they don’t feel like they are a priority for you and your organization.

As a consumer yourself, who are you more likely to do business with?
The professional who month after month and year after year reminded you that they appreciated your business and are there during good times and bad or the company that only calls when they are trying to sell you something? Now turn the tables. How many of YOUR customers have you failed to send something to, call or see in person over the last twelve months?

They say it costs 5 to 10 times more to sell to new customers than it does to sell more to current customers, and yet what percent of our effort is spent looking for new customers vs. pleasing and staying in touch with our current customers? Sometimes it’s not geographically possible to meet in person or invite a client to lunch, but it is possible to call them every two to three months. It can be as simple as asking, “how are things going for you and your business?” Letting people know you care, and that you are interested not only in your success but theirs as well is the foundation for building long term referral success. Sending them something every month is equally as simple by putting automated systems in place to creatively:

  • Send special offers
  • Send birthday greetings
  • Send holiday greetings
  • Send inspiring messages
  • Create interaction
  • Ensure continuous top-of-mind awareness

Finding new customers is tough and expensive. Once you’ve got a customer, hold on to them by staying in touch. I can guarantee you if you don’t, somebody else will.

As February approaches, take the time NOW to determine if you are on track or off. Ensure that your customers know that you are there and that you care not just once or twice a year, but consistently month after month. You’ll keep their business and ensure that your name and number are handy the next time they are asked by a family member or friend, “who would you call for…?”

Oh – and don’t forget – our offer for a list of 500 consumers based on the demographics of your choice is yours FREE this month – and time is ticking away.  To get yours call our inside account management team at 866.405.3638 today and ask about your free list, help choosing the success campaign that’s right for you and new ideas to support YOUR BUSINESS PLAN and help you leverage your success in the year ahead!  Don’t forget to check out this month’s specials while you’re at it – - visit http://www.prospectsplus.com/specials.aspx. 

Posted in Brokers, Business Plan, Coaching, Communication, Postcard Marketing, ProspectsPLUS! | Leave a comment

If You Build It…

They Will Buy, Sell and Refer

By Julie Escobar

You remember the line from the movie Field of Dreams, I’m sure – “If you build it, they will come.”   Well, as with baseball diamonds in corn fields – the same is true of a solid sphere of influence.  If you build it – they will come, and buy real estate and sell real estate and send new referrals your way.  Just like old Kevin Costner’s character though – you’ve got to commit to the work, take a leap of faith and believe enough in the ‘what could be’ to get past the ‘but what about right now’ thinking.

Tip: (Brokers & Managers – this might be a good exercise for your new agents or your ‘starting over’ agents!)

Build it.  This is the toughest thing for agents.  Committing to the database creation.  Many think they have to take it all on at once – or have EVERYTHING in place before they can start marketing themselves as the neighborhood specialist.  Not so.  Remember the old adage – “how do you eat an elephant? ONE bite at a time!”  Same thing applies here.  Don’t worry about having a bazillion people in your sphere to start.  Ask yourself this, “what’s DOABLE?”  Then answer yourself by taking ACTION!

Where to start?  Start with the name, address, phone, email, relationship type, and social media information if you can of:

  • Current clients
  • Friends/Relatives
  • Colleagues
  • Doctors
  • Veterinarian
  • Dentist
  • Attorney
  • Accountant
  • Insurance agent
  • Financial advisor
  • Social circle contacts
    • civic groups
    • networking group
    • PTA
    • golf/tennis/racquetball club members
    • little league/soccer/basketball/football contacts
    • church
    • Neighbors
  • Car dealer
  • Teachers
  • Mortgage professionals
  • Landscaper
  • Handyman
  • Roofer
  • Electrician
  • Pool service owner
  • Restaurant/Business owners around you
  • Grocer or grocery store managers
  • All those business cards that you’ve been stacking in that desk drawer somewhere from everyone you ever met anywhere!
  • Open house contacts
  • Past mailings lists from Just Listed/Just Sold postcards, geographic farm areas

Don’t Assume:  This is a great start for building your base and if you build it…they will bring you business. If you don’t – they’ll call someone else! (As any agent who has had a friend or family member use someone else for their real estate needs because they ‘forgot’ or weren’t ever aware that someone they already KNEW was an agent!)  Never assume or take for granted that everyone YOU know KNOWS that you’re in real estate.  Top of mind awareness takes consistency, commitment and a system to ‘touch’ your sphere month after month.

Don’t Panic:  Now – if you don’t have the information for EVERYONE on this list – don’t PANIC.  Start with who you do know.  Even if it’s 20-30 people – it’s better to START marketing now than to wait until everything is ready.  (We can help you grab lists from your neighborhood or farm area as well – call our team at 866.405.3638.)

Next week we’ll talk about GROWING your list.  Until then, get busy BUILDING and count your blessings!  At least you’re not having to create baseball diamonds in cornfields-right?  Good luck and let us know how we can help you!  You can search data lists at http://www.prospectsplus.com/data/ or call our inside account management team for help getting started at 866.405.3638 today!

Oh — and while you’re online…please be sure to connect with us on Facebook, Twitter & now look for ProspectsPLUS Marketing on Google+!

Posted in 2012 SOI Challenge, Agent Tools, Brokers, Feature Articles, Listing Lead Generation, Real Estate, REALTORS, sphere of influence, Top Producer Techniques | Leave a comment

Adding Expireds to Your Sphere…

Adopting a Timeless Strategy from Industry Expert Walter Sanford

by Julie Escobar

As part of our 2012 SOI Challenge…we will be sharing new ways for you to grow your sphere each week this year.

This week’s food for thought:  EXPIREDS.  Ask some of the top agents in our industry where the low hanging fruit is and many will tell you quickly and emphatically:  Expireds. Why?  In most cases, they’re still motivated, have a sense of urgency and need answers.  What a great combination for the right agent to take a listing, make a sale and better still – create a customer for life.

A few years back I sat in on a talk by industry legend Walter Sanford who shared his powerful strategy for kick starting the New Year right by scooping up all the expired listings before most of the agents in your market have even shaken off the New Year’s eve confetti or champagne hangovers!

Here’s Walter’s strategy:  During the first week of January, put together a team to contact EVERY expired in your extended area.  Approach them with patience, warmth and most importantly – a real plan to get their home SOLD.  His strategy works because it’s timely, most of the competition won’t have time to implement and still others are still working on their goal setting, business plan creating, or resolution making.

Keep in mind — Some of these prospects have been very disappointed, frustrated and just plain let down.    That’s where good people skills, warmth and the ability to bring real solutions to the table will make you the frontrunner for those homeowners who are still eager to get their property sold. And even if they don’t list NOW — put them on a drip campaign that will let them know you are not in this for the SHORT TERM, but you are a dedicated, committed to success sales professional who will be there when they are ready to make a move.

Some will be anxious to get For those eager to get started – don’t “blue-sky” them.  Tell them the honest truth.  Get the listing priced right and make sure they know you’re ready, willing and able to meet their needs but that they play a role in the successful sale of their home as well.  Our Merchandising Review™ and the Price Pyramid are great tools for helping you do this.

For those who want to wait, you may want to share some of our valuable free reports with them, and invite them to listen in on a weekly conference call that you could host specifically for sellers who’s listings have expired, or put them on a drip postcard campaign designed to keep you top of mind and prove that you’ve got the “chops” to stay in the game and give them the service they need.

And for those sellers who really need to be WOWED in order to relist their home and accept that the job CAN be done in today’s market, consider our Ultimate Marketing Toolkit.  It integrates all of the technology tools, best business practices and top agent strategies for getting listings sold (and helping you continuously fill your pipeline of prospects.)  From lead generation tools to Craigslist ads to single property websites and more – this toolkit really is the “mac-daddy” for getting the job done.  The best part is that it makes your job simple because it’s all in one place and you can track your results!  (A must for any budget-conscious agent in the new year!)  We even just added both a pre-listing package and a listing presentation to make your jobs easier!

Commit this week to pull all the expireds in your market and make contact with them.  And don’t stop with this week.  Top agent make this segment of prospects a must-contact every week, then add them to a drip marketing plan for exciting, rewarding results! Expireds are a terrific niche for those with a little savvy, patience and ability to prove themselves the professional every time.

Wishing you luck and prosperity in the new year!  Need help?  Contact us at 866.405.3638 or visit our site at www.prospectsplus.com for more expired strategies. 

Posted in 2012 SOI Challenge, Communication, Direct Response Postcards, eBook, Expireds, Real Estate, REALTORS | 1 Comment

Positioning Yourself to Win…

An Interview with Six Figure Sales Coach Roberta RossRoberta Ross

By Julie Escobar

As we head into the New Year sharing tips on how to build your sphere of influence and grow your business, I turned to my good friend and amazing success coach Roberta Ross for her insights on the subject.  Fresh off her recent real estate ‘boot camp’ – she’s got a lot to share!

Here’s a little of what I learned…

Q:  Roberta, we’ve presented a challenge to agents in 2012 to consistently and effectively nurture their sphere of influence to help them really make a great year ahead. I know helping agents succeed and successfully build their books of business is one of the things you are passionate about in your seminars, and part of what you shared in your recent boot camp – Positioning Power.  Tell me a little more why you decided to teach boot camp style and the importance of agents positioning themselves the right way in a market?

A:  Thanks Julie – It was a great event and we had tremendous response and feedback from the agents that attended.  I’m thrilled to add my two cents – and you’re right – building that book of business is vital to succeeding in any market.  You know, when most agents enter this business, they get a heavy dose of information about licensing and fiduciary responsibility, about contracts and fair housing – all important topics, but they receive little training on how to develop a business.  Each agent represents a business all their own, and until they position themselves effectively–it is forever an uphill battle to attract the kind of business they want.

If an agent wants to attract more, they first have to change their thinking.  For the agent who is dissatisfied with where they are, or just wanting to take it to the next level, know that whatever got you to where you are is not the same set of behaviors or skills that are going to get you where you want to go.  To build a business that strengthens and grows over time, it is imperative to position oneself as the go-to agent in the minds of the prospects they want.  This is important (often more important) with the Sphere of Influence as well.  Show me an agent who has lost business from a friend or family member to another agent and I’ll show you an agent who has not positioned themselves in the minds of their sphere.  The boot camp format is so powerful because it symbolizes getting focused, in shape and in command of one’s business.

Q:  You’re right on target Roberta!  Let’s talk about social media for a minute.  It has made a tremendous shift in the way many agents do business today.  What’s your best advice for agents in terms of managing and leveraging change — not just in social media but in their careers and life?

A:  Great question Julie.  There’s probably not a person reading this who has not wasted a bunch of time on social media – the two of us included, right?  Social media can send you into a time warp.  Like every other opportunity to attract business, there will always be those that say it is a waste of time or that it doesn’t work.  I say that’s bunk.  Like every other form of prospecting, it doesn’t work for those who don’t use it properly, effectively, or consistently.  Social media offers an enormous opportunity for agents who are focused on what matters and who understand how to use it, which is why I invited an expert on this topic to speak at my boot camp.  You can’t expect play aimlessly at social media and make money.  You’ve got to learn what works – and what doesn’t and commit to using ALL the tools at your disposal, including social media in a way that makes sense for you and your business.

As for managing and leveraging change, it’s critical that agents stop trying to do everything themselves and start treating their business as the business that it is.  If every mundane detail of your business relies on you to get it done, there is no opportunity to understand and leverage change, such as in social media.  You must outsource and delegate the things you do not need to be doing, the non-revenue-producing activity, so that you have the opportunity to direct your business to succeed, which includes guiding it through and leveraging change.

Q:  Great points!  For many agents, staying in touch with their sphere is a challenge.  I was recently asked by an agent to describe some best practices for follow up.  What are your thoughts on this topic?

A:  My first recommendation is to put systems in place.  You do not need to be sophisticated to have a system.  I earned six figures with just a three-ring paper binder with my contacts in it and a basic cell phone.  I recently interviewed Kevin Eastman for my Success Series members.  Kevin is the assistant coach of the world-champion Boston Celtics.  He said shared a lot of great ideas on the making of a champion in business and life.  One idea that I’m reminded of here is “success lies in the simplicity, confusion lies in the sophistication.”

The bottom line is, if you are not picking up the phone or connecting in some way with your people in your sphere each day, you are not making money.  Most agents find staying in touch with their sphere challenging, simply because they do not make it the priority that it is.  If you peel back the layers on why most find it tough, you’ll find that the inner truth is that many are looking for a way around it.  As Brian Tracy says, eat that frog.  More often than not, you’ll find that it’s not the horror you make it out to be in your mind.  Hey, not bad! Ha!  It tastes like chicken!

Q:  Love it!  Roberta, you and I both saw lots of people leave this business in the last few years when the “going got tough.”  One of the biggest success tools an agent can have I think is building a solid database of customers and staying in touch with them.  It’s not easy for a lot of salespeople to put on that admin hat and make sure they’re putting customers in a follow up system — but it’s necessary.  What are you seeing out there and what advice do you have for people in terms of building that book of business?

A:  Well Julie, one of the most common short-comings of agents is that they don’t position themselves as experts; especially to the people they know.  Most of the people in an agent’s sphere don’t know them in their capacity as real estate agent.  They maybe went as far back as thinking of them as little Johnny or Suzie who played in a sandbox.  It’s the agent’s job to position themselves in the minds of their prospects as being the right agent.  Then, it’s a matter of staying in contact.  Keep taking steps to implement daily contact and it will add up over time.  The greatest successes are made from the smallest of steps that are actually taken.  You don’t need to make contact with everyone all of the sudden, rather incorporate systems and standards for doing some contacting daily.  Create a checklist.  How many people did you call today?  How many did you send a note?  How many did you message on Facebook?  Track these numbers and in a short while you’ll see at least a part of the reason of why you aren’t attracting the business you desire.

Q:  Good advice.  Any last thoughts?

A:  I’d say my final thought is this: get in the game and stay in the game.  Stay focused on what you can do in each moment to create or attract what you want.  No amount of worrying about the economy, your bills, what your competition is doing, who is in the white house, or whose house caught fire on the local news is going to produce one transaction for you.  Consistent, revenue-producing action will give you traction on generating business!  Engage in the process, and detach from the outcome — and enjoy it all along the way!

Thanks Roberta!  As always, it was a pleasure sharing ideas with you!  We’ve got some terrific systems for every budget to help you stain touch consistently – without headache or hassle.  Give our marketing team a call today at 866.405.3638 to learn more or see this month’s specials at http://www.prospectsplus.com/specials.aspx.

Roberta Ross is president of Six Figure Real Estate Coach, Inc.  She travels nationwide speaking to real estate professionals on business strategy, lead generation, and mindset for success.  Hire her to speak at your next event, visit  www.SixFigureRealEstateCoach.com or follow her on Facebook here:  www.Facebook.com/6figurerealestatecoach.

 

 

Posted in Agent Tools, Coaching, Feature Articles, Interviews, Social Media, Social Networking, sphere of influence | 1 Comment

Four Strategies for a Stronger Sphere of Influence…

Building Blocks for a Successful Year

By Julie Escobar

As we head into the new year and commit to helping agents more successfully and consistently build a better book of business, let’s take a look at some powerful and productive ways to do that WITHOUT a lot of stress or hassle.

Strategy #1:  Commit to the list.  Whatever database system you’re using, inputting your customer information is step one.  Even if you don’t have EVERYTHING you need , or all the information you want, start somewhere.  I’ve talked to agents who never get around to marketing at all because they feel like they have to do everything at once.  If it seems overwhelming – start SOMEWHERE.  Pick 50 or 100 people to add and knock it out in a couple hours – even if you’re simply using excel to add name, address, phone, email.  Start somewhere.  Then pick another day and do the same thing so you can get your list to the 200 mark.   (Virtual assistants these days are very affordable as well – so that may be an option for some of you.  College students are always looking for some extra money too – so ask around!  Not sure who to add, refer back to the BusinessBASE we talked about last week that shared the 150 people who should be in your sphere.)

Strategy #2:  Opt-ins & social media.  We’ve got some powerful tools in our resource section.  Terrific free reports that are a perfect addition to your website as an opt-in piece.  Here’s a creative multi-use way to use these tools to help you build your list, feed your social media stream and entice your customers and prospects to continually return to your site for more resources!  You’ll become the go-to agent for information!  Simply click here to go to our resource section and download the free reports that will work best for you and your market.  Go ahead and download as many as you like and bookmark this page because we add new ones all the time.  These are going to now become part of the campaign you’re about to kick off!  Now, take one per week or one per month and break the contents down into bite sized pieces to share on your social media and on the backs of your postcards.

I’ll give you an example:  Take the How to Save for a Down Payment free report.  It has seven tips for saving for a down payment.  A fun strategy would be to kick off your Facebook posts on a Monday with a post something along these lines:

As a professional Realtor, it’s a privilege to help people invest in their future and find the home of their dreams.  Often times, it is the down payment that can be a sticking point.  This week I’ll share with you seven powerful ways you can save!  Tip #1:  1. Get in the know. Like any good budget or savings plan, the first place to start is to determine where you are NOW in relation to your credit score, your monthly bills and assets. Contact me or a trusted mortgage professional to see how much home you qualify for and how much you’ll need to save to purchase your home. We can help you take a look at things like credit scores, loan requirements and interest rates now so you can be simultaneously doing ALL the things right during this savings period to ensure the most favorable rate and terms.

Say you made this your “Free report for January” in your business plan.  When setting up your postcard campaign on Prospectsplus.com – choose the alternate back and add a little verbiage to that fact.  Here is an example:

Happy New Year!  As a professional Realtor who specializes in helping people find the home of their dreams, I’m always eager to share resources that can help consumers just like you make the best financial decisions for their family!  Please visit my site today at www.yoursitehere.com and download a copy of my new free report:  How to Save for a Down Payment.  No cost or obligation and please share with friends!  Call me if you have questions at xxx-xxx-xxxx!

Then do the same for month two and three of your campaign.  This way your social media and your postcard marketing are all working in tandem.  Keep copies of each report on hand so you can mail or email them out easily.  (I would make a file on your desktop specifically to house all these reports to make finding them easier!)

Strategy #3:  Commit to a campaign.  Even if you’re not sure which campaign is right for you – choose one to use for the first quarter.  Breaking projects down into bite-size pieces makes the process less stressful and more manageable for most people.  I love the idea of a three month campaign because you can add your list, choose your card campaign and let that run for three months.  Then make whatever revisions are necessary to your list once a quarter such change an address, add a new customer or referral, change an email, etc.  This makes your database management less time-consuming as well.  By breaking your campaigns down into quarterly increments – you also have the flexibility to try a new campaign on for size.  (Look for new SOI campaigns that will be put online throughout the year including a Do It Yourself Series and a Money Saving Series.)

Strategy #4:  Add a niche.  One of the fastest ways to grow your sphere is to take what you’re passionate about, the people you like working with the MOST and create a niche for yourself.  I’ve always said it’s tough to be #1 in a geographic market – but not in a smaller niche that you are excited about.  From traditional (first time home buyers, fsbo’s, expireds) to out of the box (Harley riders, health and wellness seekers, boaters, fishermen) – find something you love, then get out there and meet THOSE people and start putting them into your list.  The secret ingredient in a sphere of influence is INFLUENCE.  Taking people from being “on a list” to knowing, trusting and liking you enough to want to do business with you.  That process happens fastest when you’re working with a group of people that you like and know about in return!

Now you’re ready to get STARTED!  Head into 2012 excited, eager and ready to take on the CHALLENGE!  And don’t forget – our inside account management team is here to help you make some of these decisions and walk you through the processes.   You can reach them at 866.405.3638.

Have a great week!  Get started today!

Posted in 2012 SOI Challenge, Agent Tools, Coaching, Feature Articles, Marketing, Neighborhood Specialist, niche marketing, Real Estate, REALTORS | Leave a comment