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Are Referrals Important to You? Show Others That They Are (Part 2 of 2)

By
Real Estate Agent with eXp Realty of California, Inc. CA DRE #01490977

 In my prior post on this subject, Are Referrals Important to You? Show Others That They Are (Part 1), I wondered whether folks felt they were deserving of referrals or not.

I also talked some about how to know if you ARE worthy of referrals from past or current clients, friends, neighbors or family.

So if you ARE deserving of referrals, having some strategies to help others know you would like to be remembered, and keeping yourself "top of mind" is key to growing a referral business.

 

Are there some general things you can and should do? I believe so.

  1. Run your business and treat your clients in such a way that they will be RAVING FANS and will refer others to you, because they are so pleased with your service.
  2. Communicate your interest in having referrals - you have to ask, when the time is right. The best time is when clients are in the midst of their home search or sale. Real estate is top of mind for them at that time, so they are more likely to think about you when talking with others about their real estate issues (now is you are NOT doing #1, chances are this will not work for you). Gentle reminders in personal communication are a good idea.
  3. Acknowledge ALL referrals with a hand-written note and/or personal phone to the referring party and some sort of small gift. Doesn't matter what it is, just something to thank them for thinking of you. This should NOT be contingent on the referred party buying or selling. You want to reward the thought.
  4. Keep the referring party up to date on the status of the referral. This may depend on the situation and the referree - I would use you judgment on what to share and when.
  5. Dedicate marketing dollars, time and energy to putting yourself in front of those likely to refer to you - past clients, current clients, your sphere. Staying in touch (face to face, written, phone, etc.) is key here, and it needs to be part of your action/business plan. No orphan clients allowed!

So how about some specific strategies to get yourself in front of these people, both in writing and by just dropping by. Here are just a few suggestions gleaned from classes, personal experiences, and sharing ideas with colleagues (AND being a recipient myself).

WRITTEN (personal and professional)

List of utility and other service people

CMA for estate sales

Mail news release with personal note

Package of take out menus of restaurants

Personal stickers - "never too busy for your referrals"

Newsletter or C.A.R. client direct eNewsletter

800 Info - cell phone directory

CD at closing with all scanned documents

Sports schedule

Credit card opt out information

Concert series

Evidence of success postcard monthly

Postcards- services, information, coupons

Magazines every 2 months ("Homes By Design")

Reciprocal business coupon to clients

Quarterly CMAs/CMAs of new homes on market

Birthday and anniversary cards

HUD-1 docs

Annual review to update client info

Send Out Cards (on-line automated)

Golf course information

Property values update

 

DROP BYS (personal and professional)

Gift for their house (e.g., candles)

First aid or earthquake kit

Gift certificate for a pie

SOLDS list

CookiesByDesign.com

Home Depot Card

Basket of fresh tomatoes and corn

Comparables in their neighborhood

Poinsettias

New CMA of sales/Just listed homes

Birthday gift

Baby gift

Gift certificate (e.g., lawn or pool care)

Wine with personal label

Flyer for upcoming community events

Handyman

Plant/orchid

Statistics - company and industry comps

Pick up hazardous waste trip (paint, etc.)

CMA

Movie tickets and popcorn

Interest rates

Food, cookies, etc.

Babysitters

This is certainly not a comprehensive list, but hopefully it gives you some ideas that may interest you, or you can think up your own. KEep in mind the recipient and what things might mean the msot to them.

Have fun, but most importantly, DO IT!  And BE CONSISTENT.

Posted by

Jeff Dowler, CRS
Certified Residential Specialist / Realtor®


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Steven L. Smith
King of the House Home Inspection, Inc. - Bellingham, WA
Bellingham WA Home Inspector
Referrals are the main source of my business, from past clients and realtors, bankers, etc.
May 30, 2007 06:46 PM
Kaye Thomas
Real Estate West - Manhattan Beach, CA
e-PRO, Manhattan Beach CA
I love monthly newsletters.. but you have some gret ideas here Jeff....... especially about golf courses... :)
May 30, 2007 07:02 PM
Bob & Carolin Benjamin
Benjamin Realty LLC - Gold Canyon, AZ
East Phoenix Arizona Homes

Good post.

Carolin Benjamin
Bob and Carolin Benjamin
The Benjamin Team
Keller Williams Integrity First Realty
Gold Canyon Arizona

May 30, 2007 08:09 PM
Maggie Dokic /Indialantic | 321-252-8696
Magdalena Dokic - Indialantic, FL
Selling the beach in Florida's space coast
but most importantly, DO IT!  <----- Excellent!  they say the road to failure is paved with good intentions.  What good is the best plan if you don't follow through?
May 30, 2007 09:32 PM
John Caylor
Infinity Financial Group - Post Falls, ID
Post Falls, ID Mortgages
Good, informative post Jeff. Thanks!! I think it is the goal of all of us to have a 100% referral based business.
May 30, 2007 11:05 PM
Rick Brown
Prudential - Lancaster, PA
Lancaster PA

Most clients come from someone I know so this is very important, so selling the home is the way to get them to talk about you.

May 30, 2007 11:36 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Steven - good for you! Thanks for your comments.

Jeff

May 31, 2007 01:27 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Kaye - thanks for your comments. I do a newsletter to all my past, current and prospectrive clients,and others. It has worked particularly well for staying in touch with former clients back in Boston....and some deals.

Jeff

May 31, 2007 01:30 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Bob and Carol - glad you liked it. Hope it is useful in some way.

Jeff

May 31, 2007 01:31 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Maggie - thanks for your comments. Yep, that's may be the most relevant. No matter WHAt you do, it won't work if not consistently applied.

Jeff

May 31, 2007 01:33 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

John - agreed. That IS the goal - less effort, less costly, better clients. All good reasons for having a referral-based business. Thank you for commenting.

Jeff

May 31, 2007 01:34 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Rick - way to go. Being successful with a buyer or seller certainly helps with referrals. But we have to be active, not passive, about it. Some folks just don't think about it, but WILL refer willingly.

Jeff

May 31, 2007 01:36 AM
Marlene Bridges
Village Real Estate Services, Inc. - Laguna Hills, CA
Laguna Homes|Laguna Condos|Laguna Real Estate
Hi Jeff - great post and an excellent list.  I have one to add - it's free - one of our REALTOR benefits is the Lowe's program.  It costs nothing and it gets your face in their mailbox with info and coupons they will be happy to receive.
May 31, 2007 05:10 AM
Lynda Eisenmann
Preferred Home Brokers - Brea, CA
Broker Associate ,CRS,GRI,SRES, Brea,CA, Orange Co

Hi Jeff,

Now just when I thought you covered it all, Marlene came up with the Lowe's plan, and she's right. Adding something like "your referral are the lifeblood of my business, thank you" is good every now and then, especially if you use real-time voice mail.

#5 Staying in touch, with that personal FORD call is crucial.  staying in the flow as is it described in the By Referral Only coaching program.

May 31, 2007 01:00 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert
Jeff, those are very good suggestions, and I have to admit that I only do some of them.  But this has me thinking that I need to consider adding the rest.
May 31, 2007 04:01 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Great suggestion,  Marlene - I have not used this but have heard good things. It goes on the list. Thanks.

Lynda- thanks for your comments, and for mentioning FORD.

George - I know what you mean. I think there are always some new things we can be doing.

Jeff

Jun 04, 2007 03:47 AM
Ron Pickett
Coldwell Banker Global Luxury - Laguna Beach, CA
REALTOR® Coldwell Banker Laguna Beach

Hi Jeff,

 As always some really great ideas here.  Thanks for sharing!   Your blogs really stand out from the rest.

Jun 06, 2007 01:04 AM