Special offer

$40 referral fee? SIGN ME UP!

By
Real Estate Agent with Realty Place 01815256

Hey Active Rain community,
Thought I would share a tid bit with you all.
I just had my first featured blog on Active Rain on my "iPhone turning water into wine"

http://activerain.com/blogsview/1132702/iphone-turning-water-into-wine-

I would first like to thank you all for my post success and I hope I can only contribute to our feature success with future posts!

As I was reading some of the new post I ran across this one from Maureen McCabe titled:
"SPAM Points - the easiest pointson ActiveRain"

I thought how true and we need to do this. Not to mention we earn Active Rain points for reporting spammers!

However what do you do when they call you?

Since my posting on Monday I have had a slew of phone calls from all sorts of people show casing their wears.
That want me to spend "X" to increase my business, to get a better rating on google or to refer me business.

My favorite phone call was the referral one.
For $40 a month the call/salesperson claimed that I would get 3 referral leads a month.
I told the salesperson "that's all you wanted?" Then proceeded to inform them that I pay a 30% referral fee.
And they would make a whole lot more money if they did it that way.

lets do the math, shall we?
12 months times $40 a month = $480 a year for 36 hot leads of buyers ready to buy.
Sounds like a great deal.

So lets do the math my way. 36 buyers - lets say they all buy a $300,000 house at a 2.5% BBC that is $10,800,000
in business they are promising me. That would be $270,000 in commission form that business alone of which I would
pay out $81,000 in referral fees to.

They are leaving $80,520 on the table by running their business that way.

This sounds like a great deal and I am on hold now trying to sign up! Maybe I can convince them to take the 30% referral instead?

Bottom line if I signed up for every program that has been pitched to me over the last 12 months, I think I would be out about $100,000
and I seriously doubt I would have any more business because of it!

Oh spammers... PLEASE do not call me =)

But you can follow me on twitter:




    follow me on Twitter


    Terry Dunshie
    Home Smart Elite - Mesa, AZ
    East Valley Native

    James,

    It seems because we Realtors choose to be more in the public's eyes, we are easy targets for spammers and other marketing schemes. 

    I always create a spam filter in my in box, otherwise I get to see an extra 50 or 100 emails a day.

    Over the phone, nothing is more clear than a nice, quick hang up.  If they are local, I am more polite, but it's still usually a "no". 

     

    Now I'm going to go back and read your iPhone blog.  I've had mine for a year and a half and still find new uses for it.  (not all of them are good)

     

    Thanks for the blog...

    Jul 01, 2009 06:31 AM
    James Baxter Encinitas Realtor
    Realty Place - Encinitas, CA

    Hi Terry,

    Thank you for the comment!

    I totally agree... I guess some could say that this post is a bit ironic, after all don't most of us Realtors solicit business from people as well?

    I guess what I am saying is there is better way to do it then to call some one up and tell them you have a product or service for them,

    then that salesperson says "oh not really but we want you to pay us $40 a month for our service".... with no guarantee's!

    Jul 01, 2009 06:38 AM