Here’s one way to increase your business activity: stay in better touch with your past clients and prospects. How do I know this will make your business better? There are many reasons, but here are three that come to mind immediately:

It keeps the door open for referrals. Remember, it’s much easier to keep the clients you have than to find new ones. Plus, why not let your past clients find new clients for you through their referrals?

It helps you stand out from the crowd. NAR reports that most Realtors begin losing touch with their clients in six months. Stay in touch and you’ll shine in comparison to your competitors.

It shows you care. What do you figure your past clients think when communication drops off or ends? One possibility is that they believe you “got your money and ran.” That doesn’t put you in a very good light.

Generic and bland won’t cut it

The value of maintaining contact with previous clients should be obvious. Now, how to stay in touch? Yes, customer relationship management (CRM) software packages are plentiful, and I’m not suggesting you ignore them. In fact, I often recommend Top Producer to my clients because it operates online and you can see everything at once.

But let me address all those bland postcards, cut-and-paste generic letters, and e-mails that border on spam. They’re not cutting it today. We’re smack dab in the middle of the information age, and people are becoming connoisseurs of information because it’s so pervasive and accessible with a few mouse clicks.

So what does this have to do with CRM for Realtors? It means you better be dishing out some high-quality, useful information about real estate.

Today’s best agents and brokers understand this. They’re steadily building job security by giving past clients and prospects bona fide information they can use—not just postcards talking about how many listings they got last month.

This is just one of many CRM tactics I suggest, but I believe it’s one of the most important ways to keep your business growing. You will not only will increase your number of clients but also boost your reputation as a professional.

What type of info?

So how do you share this information and exactly what kind of information are we talking about? First, I like blogging. It’s easy and it’s free. I blog once a day, which has helped me grow my business by leaps and bounds. I give my clients—Realtors—tips and news that help them in their businesses. (You can find my blogs at www.activerain.com/blogs/corcoran). So consider a blog, Facebook and other social media, and an electronic newsletter (emphasis on news) that’s chocked full of items that relate directly to your farm area. The better-quality information you’re sharing, the more demand you’ll create. If you don’t have the time to do this, hire a virtual assistant to manage your social networks for you.

In a phrase, the type of content you provide boils down to this: be helpful. Share referrals for plumbers, electricians, contractors, carpet installers, landscapers, appliance dealers, and so on—every homeowner has to grapple with issues that require these types of products and services. What about offering a free advice on which home improvements have the best return on investment? Market updates? You bet.

As for how often these touches should occur, I recommend about one a month. In addition to blogs, social media, and an e-newsletter, think personal such as birthday cards, home-anniversary cards, and a phone call each quarter.

Start your post-closing relationship on the right note with a memorable closing gift. Be strategic here. I recommend gifts your clients see often that remind them of you. Possibilities include cool mailboxes, brass house numbers, doorknockers or nameplates, wind chimes, birdhouses or feeders, picture frames or nice photos of the home.

You can take charge of your future by cultivating relationships with past clients. The valuable information you provide on an ongoing basis will keep you top-of-mind for referrals and repeat business.

Bob Corcoran

To begin receiving our Tip Of The Week please go to Awesome Tips!

To learn what Coaching can do for you, click here: The Power of Coaching!

Quality Tested by CRS, click here for the CRS Store

logo

 


Your Sphere – Special Delivery
10/19/2010
share
For those ambitious souls this one is for you. Plan on taking about a week to accomplish this feat, but you will get referrals as a result of your efforts! Take some time and bake… and bake… and bake little loaves of pumpkin bread or any other… more
Your Sphere - Charity Events
10/13/2010
share
What a terrific opportunity to do several things at once. Number one, you can help people in need, second that you have a great reason to go and visit with your sphere of influence. How? To give you an example lets say that you spearhead the Habitat… more
Your Sphere - Annual Equity Updates
10/12/2010
share
An annual equity update is a great way to stay in contact with your sphere of influence although this should be part of a larger sphere program. Not everyone in your sphere of influence will have purchased a home from you. The way the system works… more
Your Sphere - Special Dinners
10/11/2010
share
Within your sphere of influence there will always be three categories. The categories are: A: People who give you multiple referrals B: People who purchase multiple properties C: Everyone else Group A is a special group of people who will… more
Your Sphere - Office Open House
10/08/2010
share
This is a terrific idea, especially in smaller towns. As a group you may want to consider having an office open house once a year. Call it a “Thank You” to the community. Each of your agents can then invite his/her own sphere of… more
Your Sphere - Seminars
10/06/2010
share
Many agents will invite a local speaker or celebrity to present a seminar to their sphere of influence a couple of times a year. This is a great opportunity to actually build value for your brand. You can help each of your sphere of influence… more
Your Sphere - Scheduling Events
10/04/2010
share
This is a terrific technique to meet with a high number of your sphere of influence in one evening. You will need to send out personal invitations (another reason for contact) and call your top tier group. Invite them to a special event just for… more
Visiting Your Sphere Twice a Year
10/01/2010
share
At least twice a year you should make an effort to personally visit each of your sphere of influence members. Why? There is nothing as powerful in business as personal contact. Shaking hands with another person or looking someone in the eye is the… more
Why Most of Your Leads Are Dead Before You Even Call Them – Part 3
09/30/2010
share
I can’t count how many times I’ve heard this from agents: “I don’t know what happened. I was working with them and then they listed with another agent. ” I then ask for details and invariably they’ve let a lull… more
 

Find IL real estate agents and Swansea real estate on ActiveRain.