I find that so many of my clients avoid marketing when it comes to their sphere of influence. And yet statistics show that your sphere of influence can be the greatest source of referrals. This article show you how to dig in and get the “gold.”

Tip 1: Define and Rate your Sphere of Influence When is the last time that you took a good look at your sphere of influence? What is the total? What are the categories in that group? Do you have past clients, friends, acquaintances, people you hardly know? Before you do any thing else go into your data base and group your sphere of influence in categories. Do you know who in your sphere is likely to refer to you? Do you know who in your sphere already works with another agent? How many have moved away? Start deleting the inappropriate ones. Be sure to ask all of them this question at some point: “If you were buying or selling a home do you have a real estate agent that could help you?" If they say “yes” delete them. There is no point in continuing, they are not prospects. By keeping in touch With your sphere of influence as we will describe below, you’ll begin to find out who is an A,B, C, or D.

A= someone likely to refer to you

B= someone who with a little more contact with you, would refer to you

C=Questionable

D= Delete

Tip 2: Send an Item of Value to your sphere each month In my 12+ years of coaching Real Estate agents to double their incomes, I am amazed at the fact that sometimes their sphere never gets a mailing. Or sometimes the mailing is not well thought out. I worked with a client today who admitted that the material she was sending to her sphere was standard and boring. We brainstormed about Items of Value that would be interesting, fun and unique. So far she has come up with recipes and inspiring quotes. What do you send to your sphere of influence? Is it something you would want to receive and find valuable? If so, then I guarantee that your sphere will like it too. How many creative Items of Value can you come up with?

Tip 3: Overcome your blocks to calling your sphere Everyone I have ever worked with resists calling their sphere. They tell me things like

• “I don’t want them to think I want something from them”

• “I’m afraid they won’t like me”

• “I don’t want to be like a telemarketer”

The list goes on, but I think you get the idea. What you need to understand is that you’re a giver. When givers give to other givers, they get back. So, in other words, if you send an Item of Value , you are giving, when you chat with them and listen to what’s going on in their lives, you’re giving again. So at the end of the call, say something like, " Oh by the way, if you hear of anyone even whispering about buying selling a home, please give me a call with their name and number.” Then say, “I’ll be happy to send referrals to your business, as well.” Guess what? You’re giving again. After doing these calls monthly (after your mailing of Items of Value) you’ll begin to know your sphere of influence and they’ll know you. You’ll begin to learn which ones are you’re A’s, B’s, C’s and which ones to delete. Then what will happen is that you’ll be in their stream of consciousness. So you’re the first one they’ll think of when they think of real estate. Don’t be surprised if you get referrals in the first few weeks.

Tip 4: Be in the right mindset Don’t make these calls if you’re feeling anxious, upset or desperate. Remember, desperations doesn’t sell. So psych your self up in the right mindset. Think of your self as a giver and how happy they are going to be to hear from you.

Tip: if you have been thinking negatively, switch your focus to what you are grateful for. That usually puts you in a much better mood to pick up the phone.

Tip 5: Make it a daily ritual Just like brushing your teeth, calling some people out of your sphere of influence is essential. Even one a day is OK. Only call several times a day if you want your income to raise quickly. Decide when to make your calls and keep at it until you’ve reached the people you were trying to call. Expect that several weeks after doing this; it will feel a lot easier. An extra perk is that you’re going to be deepening some great relationships and you’ll experience the same pleasure of calling them us as you would with a good friend.

 

26 Comments on Real Estate Marketing Strategies- 5 Tips to Use Your Sphere of Influence to Double Your Income

MAY
26

I agree with you 100% on this.

Have a great day

2:36pm • #1
1 Featured Post Outside Blog

Agreed. I worked with an agent for about a month cleaning up his Top Producer database so he could effectively use it to send out eNewsletters to the different groups. Once it was up and running, referrals started coming it. His eNewsletters reminded his SOI he's still out there without making them feel he wanted something.

3:18pm • #2
Outside Blog Hit Router

Its easy to let those contacts slide.  You have to stay on top of them. 

3:36pm • #3
Hit Router

Great comments.  I 100% agree you need to contact those folks.  thank you for the shot in the arm.  By the way what do you send to your SOI?  that isn't boring.

4:26pm • #4
Outside Blog Hit Router

Staying in touch with past clients can be profittable. For some reason, I am hit and miss with staying in contact and that is crazy, these people are usually your best fans. I need to do a better job today.

4:36pm • #5

Great Advice!!!  I will be sharing this with my sales team!

4:38pm • #6

Such good advice.    It helps, if we remember that our call isn't a nuisance factor, but a door opening to communication, and it allows them to share information that they might really want to tell us, but were 'shy" to call us (we're so busy, right??).  

5:01pm • #7

Thank you for all the great tips.

Beatrice Acosta
6:39pm • #8
171,901 Points 6 Featured Posts Localism Sponsor Outside Blog Hit Router

Hmmm. Something new to try in my spare time...as if I had spare time!:-) Thanks for the advice.

6:51pm • #9
147,321 Points 89 Featured Posts Localism Sponsor Outside Blog

I once asked a group of my friends how they would feel if their insurance agent called them several times a year....all of them said they really resented the fact their insurance agent never called or mailed them ANYTHING. They wished the agent would call, they deserved a call, they were his customer, etch

Whenever I am hesitant to call my SOI I remember this.....

6:52pm • #10
186,120 Points 1 Featured Post

Thanks for taking the time to post this today. 

Patricia Aulson/Portsmouth NH Real Estate

6:55pm • #11
Localism Sponsor

Excellent reminders Maya - Like with many things, we have to make it a habit to do daily. I must confess I am guilty of procrastinating on this topic.

7:09pm • #12

Maya, I'm always feeling anxious, upset or desperate. My sphere of influence is not my mindset to selling real estate. I have friends, neighbors, members of my church, places where I eat and shop who would (maybe) buy or sell a house from me if they were to be in the market. Of course, every one of those in my sphere are also in the sphere of the other 50,000 agents who serve my market area.

When I started my career in sales there were other avenues that tried to employ the sphere of influence selling tactic, like the auto industry and life insurance business. But, real estate agents back then held themselves to a higher level of importance. We really sold the 'american dream'. People came to us for advice and purchase a home they could afford because they they needed a place to live and didn't want to pay rent. We didn't try to sell you a convertible you couldn't afford to drive. We sold you a house that would take care of you if you took care of it. 

Now a day there are more real estate brokers in any town than there are car dealers. And, we are reduced to using "sales" tactics on our sphere of influence. Maybe something is WRONG when we are always working - even when we are suppose to be relaxing with our family and friends. Does an actor ever stop acting?

7:33pm • #13
3 Featured Posts Outside Blog

Maya:  I'm not a "natural" salesman, it's something I have had to develop and work on.  Your suggestion about pushing yourself out of your comfort zone each and every day is a great one.  Thanks for reminding me that it's extremely important, even if it's hard.

Gene Mundt, Professional Mortgage Banker                                                                              Chicago Bancorp

7:53pm • #14
180,534 Points 15 Featured Posts Localism Sponsor Outside Blog Hit Router

Working my sphere had always been on of the weaknesses and is a continual work in progress.  This is a great post to help jump start some new energy into developing those good habits again.

8:30pm • #15
1 Featured Post

Maya, thank you for your post. I appreciate your sharing & advice! I think this is just what I need to remember as I get back in touch with my past clients!

8:30pm • #16
161,947 Points 9 Featured Posts Localism Sponsor Outside Blog

This is all great advice.  I DREAD making my phone calls and much prefer sending notes, BUT, I have to call :(  I always pray for the answering machine to pick up, lol.  I do keep my calls light, and they always go well, but I still dread them.  Pitiful, aren't I? 

9:39pm • #17
1 Featured Post Outside Blog

   You have definitely inspired me to continue being a "giver" at the end of a crazy day.  Thanks for the extra dose of inspiration.  We forget that sometimes those simple phone calls that we dread help us reconnect with those we truly value in our lives, and give us that positive bit of energy we need to keep going! 

10:58pm • #18
259,946 Points 2 Featured Posts Hit Router

Hi Maya -- Solid advice.  We have already earned respect with previous clients, so it makes perfect sense to keep in touch and have consistent touches with them.

11:06pm • #19
357,163 Points 3 Featured Posts Localism Sponsor Outside Blog

These are simple and undoubtedly effective ways to increase the usefulness of our SOI.

11:50pm • #20
MAY
27

Nice Maya.

I think Tips 4 and 5 are powerful enough to overcome any flaws in implementing the first three tips. A giving, grateful mindset changes the energy in your life.  It is so uplifting to read a positive post.  Thanks!

12:05am • #21
271,049 Points 7 Featured Posts Outside Blog

Thanks for the five tips. I touch my database of people each week either by phone, meeting or email. They really do want to hear from you.

11:51pm • #22
MAY
28
377,347 Points 63 Featured Posts Localism Sponsor Outside Blog

Hello Maya, How wonderful to see you are a part of our ActiveRain network. I didn't even read your post yet, which I will do and come back and comment. Just excited to say hello to you and welcome you to ActiveRain! It has been a very long time and look at where we came from. Amazing isn't it.

2:18am • #23
416,268 Points 3 Featured Posts Outside Blog

Thanks for the reminder. We sometimes neglect to stay in touch with our sphere of influence. Good tops.

6:36am • #24

Thank you for sharing ideas from your coaching stategies.  I enjoy your blog and your ideas in helping us be the best we can be for ourselves and others.

Katharine K. Whiting
9:28am • #25
MAY
31

I love the tip about focusing on gratitude to get you in the postive mindset.

Thanks Maya!

 

7:46am • #26

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Maya Bailey

Del Mar, CA

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Maya Bailey, Ph.D.

Office Phone: (858) 703-4703

Cell Phone: (707) 799-5412

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