I had a great phone call from one of the agents in our Automated Homefinder family last week.  Matt Kolb -- a Boulder real estate agent and owner of Pedal to Properties -- called to say thanks for a recent closing he had from a lead we sent him.  Although I can't take credit since it was he who actually built the relationship with the lead, and earned a fantastic commission in return.  I did a quick calculation, and determined that in this case, the $25 lead he bought from us earned him a 311,300% return on investment.  It's too bad all of them aren't that good.

We had a wonderful conversation about how although the economy is down, it's the agents who choose not to allow themselves to be victims who will look back on these times and be thankful for them.  We also talked about internet leads in general and the fact that success has very little to do with the leads themselves, but instead the systems, followup and attention we give to each of those leads that makes the biggest difference.

Yesterday, he sent a thank you note along with a copy of the check & I thought I'd share:

In addition to being excited about his recent closing, he informed me that this year is going to be his best year yet. 

Slow market? Pbbbbbtt.

Even though it wasn't my closing, I can't help but esctatic for Matt considering he only got his license about 4 years ago. He has since built a team of agents at Pedal to Properties after only 2 years in the business. Go Matt!

Matt, BTW has a very interesting business model at Pedal to Properties.  If you ever have a Boulder real estate referral (Especially in the Whittier Neighborhood), feel free to look him up.

 

 

 
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7 Comments on 311,300% ROI - This Boulder Agent is Cruisin

MAY
05
1 Featured Post Localism Sponsor Outside Blog Hit Router

Joel - uncheck the areas you scratched over and send me that check pronto!!!!!!!  Wow - great job.  Thanks for sharing.

11:24pm • #1
Outside Blog Hit Router

Thank you for your information

11:43pm • #2

He has since built a team of agents at Pedal to Properties

Hey Joel,

That's a great story!!!  With a fantastic commission check like that, it's time to update their image with a new brokerage name.  I suggest Pedal to the Metal Properties!  :)

11:45pm • #3
352,497 Points 3 Featured Posts Localism Sponsor Outside Blog

What a great result for both of you.  That kind of ROI should catch people's attention, especially if you have several such stories?

11:58pm • #4
MAY
06
14 Featured Posts

Fredy - the check is in the mail ;-)

Bruce - Great new company name suggesion! I'll pas it along!

Christine - Yes - our agents have closed plenty of $1M plus deals, but this is the first time I've been sent a copy of a check - which was pretty cool.

12:04am • #5
195,812 Points 12 Featured Posts Outside Blog

So cool! Nothing wrong with getting really excited about such awesome results!!!  I love your comment about where the leads come from vs. our follow-up.

8:33am • #6
MAY
14

There's more to the story... Now Pedal to Properties is going national. Matt Kolb announced today, fittingly during National Bike to Work Day, that he is sharing the Pedal to Properties formula through a license designation. Check it out at www.P2Prealtor.com

He already has a licensee signed up in Charleston, SC, and she's gaining local attention to set herself apart from the pack and connect with young, urban living focused home buyers. Here's a link to some recent coverage she's received.

http://charlestoninsideout.wordpress.com/pedal-to-properties/

Patrick Hyde
6:23pm • #7

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Joel McDonald

Castle Pines North, CO

More about me…

Joel McDonald -- www.AutomatedHomefinder.com

Office Phone: (303) 410-0077

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As the owner of a Colorado real estate company, I hope to be able to share my 15 years of real estate marketing advice with anyone who is interested. I also look forward to interacting with the rest of you in the AR community who have so much to share.

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