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Thursday, August 4, 2016

Tom Ferry's 7 Steps to Generate More Business in Real Estate

International Real Estate Trainer and Coach Tom Ferry had a recent blog post that captures in 7 direct steps a handful of the truths of our real estate business. Here’s Tom’s insight:

There is one problem that every agent faces…
With the low cost of online leads, finding them isn’t the issue…

Converting leads is the problem.
Because when you convert more leads, your costs go down, and your profits go up!

The Solution
So how do you stand out among the over 1.2 million agents and convert more of your leads?

1.   Know Your Outcome
Before you call, text, or email your leader, be clear about your outcome. Know your leads; be in the right mindset by knowing your outcome.
“What is your bulls eye?”

2.   Always build Rapport
Don’t assume report. Build rapport with every client you talk to. Take the time to match their tonality, volume, rate of speech, and language with yours.

3.   Call, Voicemail, Text, Email, and Video
Each client likes to use different types of modality to communicate. Use the one the client is most comfortable with to contact them.

4.   Master the Basics of Prequalification
Know the basic questions when meeting with new prospects. Find out what is really important to them early on.

5.   Capture the Details to Create Greater Context
Have a greater relationship by capturing more context about the client. Use the information you know about them as a point of reference to build rapport.

6.   Put Them on a Follow Up Plan
It is important to be aggressive to keep contacting the client until you get the appointment so they will reach out to YOU instead of the listing agent.

7.   Never Accept a “NO” Or a “Maybe”
Solve the problem instead of letting them off the hook. Don’t get off the phone without booking an appointment.

Great advice in a nutshell--hard work but well worth the effort!

David M. Hassler

VP, Professional Development

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