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ARE YOU FARMING YOUR PAST CLIENTS?

By
Services for Real Estate Pros with tcDocs

One of the great resources for building your business is past clients.  It is amazing how many agents do not keep in contact with the people that used their services and enjoyed the experience.  According to the NAR Profile of Home Buyers and Sellers, 43 percent of buyers and 41 percent of sellers found their sales associate through a referral from a friend or relative.

Market research has also shown that it costs more to get a new customer than it does to keep an old one.  They are sold on your service and expertise.  These people already know you, like you and trust you!

So what are the key elements:

  • Deliver great service
  • Maintain long-term contact
  • Ask for the referral 

Sounds simple!  But hands up who has a system that delivers all of the above? 

If you do not have a system then you are missing a great opportunity.  If you do not know how to set up the system then hire someone who does, the investment will more than pay for itself.

Remember your online Real Estate Assistant is an important member of your Team! 

Watch for my next blog:  Delivering great service

Comments(37)

Svetlana Stolyarova
Local-n-Global Realty, Cleveland and International Real Estate Solution - Mayfield Heights, OH
Local-n-Global Realty, Broker 216-548-4663

Many agents do not farm for past clients simply because they work mostly with the sellers, and sellers relocate...

Past buyers are great farm! We don't need to bother them with constant reminders, however consistent communication, phone calls, clients appreciation parties are just perfect. Thanks for a good topic to discuss!

Jun 16, 2009 10:51 AM
Michael Bergin
Coldwell Banker Residential Brokerage - ABR - SRES - Alexandria, VA
Northern Virginia Real Estate

What a great reminder that, just like history, the past is always with us!  I'm going through my files now.

Michael

Jun 16, 2009 11:01 AM
Wendy Rulnick
Rulnick Realty, Inc. - Destin, FL
"It's Wendy... It's Sold!"

Sharon - You are correct, now is a good time to re-vamp or re-start past client campaigns. The market has great buys for past sellers or you can help with short sales.

Jun 16, 2009 11:21 AM
Sharon Senger
tcDocs - Seattle, WA
Licensed Transaction Coordinator

Thank you everyone for your comments, keep them coming as it appears to be hitting a note and inspiring action. 

Sharon

Jun 16, 2009 12:42 PM
Andy McInnis
Tierra Antigua Realty, Tucson, AZ - Tucson, AZ

True stuff.  We've worked hard for our past clients and they appreciate us.  Some of them even love us.  A drip e-mail campaign will bring people back you may have forgotten about.

Nice post.

Jun 16, 2009 02:30 PM
Jackie - computer-training-atlanta.com
770.498.7333 - Atlanta, GA
Learn to leverage technology to get more done.

Sharon,

You are so right. One of the biggest reasons for lost opportunities is apathy after the sale. Marketing to past clients is so easy and fruitful, I don't know why more people dont' do it.

 

 

Jun 16, 2009 02:42 PM
Sheila Moran
RE/MAX Access (Garden Ridge, San Antonio, New Braunfels) - New Braunfels, TX
SanAntonioSheila.com, RE/MAX Access, 210-32

I just today made a commitment to start reconnecting with these great people...

now, I see that I have made the right choice!

Now to go out and do it!

Jun 16, 2009 03:08 PM
Chris Olsen
Olsen Ziegler Realty - Cleveland, OH
Broker Owner Cleveland Ohio Real Estate

Hi Sharon -- I learned this early on and I get 30% of my biz from past clients/referrals, and I hope to grow it another 30% over the next 5 years.

Jun 16, 2009 03:50 PM
Ken Barker Realtor® GRI, E-Pro Certified
Dilbeck Real Estate - Burbank, CA

Sharon,

Thanks for this. I just had a reality check on this in the beginning of the month. I occasionally call or email some of my past clients but I don't have the system in place. At my business review at the beginning of the year my manager and I discussed a goal to put something in play. I committed to it. Have I done it, NO. Fortunately, I received an email on 6/6/2009 that a client that I did not keep in touch with, sold in 5/2008, FOUND me on active rain. BAMM. I guess all the business cards I left behind with my gift basket he passed out to his friends, family and associates. I felt so bad that I had not kept touch. I do plan on putting something as simple as a blank card and personalize it next week. Once a week till I get to the end and then I will put in a rotation quarterly. Thanks again.

LOVE Active Rain

Jun 16, 2009 04:30 PM
Roland Woodworth
Blue Cord Realty - Clarksville, TN
Blue Cord Realty

What a great reminder.. It is amazing at the number of Realtors who don't farm their past clients and they wonder why they listed with another Realtor.

Jun 16, 2009 05:00 PM
Christine Donovan
Donovan Blatt Realty - Costa Mesa, CA
Broker/Attorney 714-319-9751 DRE01267479 - Costa M

I have systems set up to accomplish much of this though there's always room for improvement.

Jun 16, 2009 05:50 PM
George & Arlene Paukert
Road to Wealth, Inc. - West Palm Beach, FL

My wife was my assistant and I agree that most of my business came from past clients. I loved it when someone from a neighborhood would see someone list with someone else and they would go tell them to cancel their listing and call me or they were foolish.

Talk about a testimonial!

Jun 16, 2009 11:26 PM
Home Loan Search.Online
Home Loan Search Online - Newnan, GA

I just closed a refi this month for a past client. I also have a friend in the business and he says that 80% of his business comes from past clients.

Jun 17, 2009 12:40 AM
Debbie Arriero
Arriero Realty, Inc. - Bluffton, SC
30+ Years in Real Estate!

I definitely keep up my past clients monthly - about 85% of our business comes from past clients.  It's really strange how so many Realtors don't keep in contact with their past clients - they seem to always be recreating the wheel.

Thanks for the reminder.

Jun 17, 2009 01:41 AM
Sharon Senger
tcDocs - Seattle, WA
Licensed Transaction Coordinator

I am so glad this post has helped and thank you everyone for making it a featured post!

Best wishes

Sharon

Jun 17, 2009 02:00 AM
Terri Favata
Elevated Real Estate Solutions - Bethany Beach, DE
Broker Kent & Sussex County Delaware

Hi! Great point! I am the Queen of Farming my past clients! Every month my secretary and I get together and label postcards that have recipes on the front and my picture on the back with a little note!!! So not only do they get great recipes, but I am also reinforcing my name, face, and business with my past clients every month!!! It works!!!!

Jun 17, 2009 02:31 AM
Linda Ferrara
Coldwell Banker Enchantment Realty - Silver City, NM

Andy (#22) - What is a drip email campaign?

Jun 17, 2009 06:43 AM
Sharon Senger
tcDocs - Seattle, WA
Licensed Transaction Coordinator

Hi Linda,

A drip email is the process of automatically "dripping" emails to clients on a scheduled basis.  Emails are prepared in advance and go out at timed intervals until the series is completed or you start another series.

It is a great way of staying in touch with your clients and keeping your name at the top of their realtor list. 

Best wishes

Sharon

Jun 17, 2009 11:19 AM
Victoria Murphy
Sotheby's International Realty - Santa Fe, NM
Santa Fe, NM

Sharon - I love keeping in touch with my past clients - they are my future.  Whether it is selling their current home, helping them purchase another or simply thanking them for their referrals.  My past is my future.

Jun 29, 2009 02:48 AM
Sharon Senger
tcDocs - Seattle, WA
Licensed Transaction Coordinator

Victoria,

Thank you so much for the comments and you are so right.

Best wishes

Sharon

Jun 29, 2009 02:49 AM