This week, I spoke with two different AHF agents who had drastically different experiences with something we did system-wide, and I can't help but share...

Last week - when a Forbes article came out announcing Denver as the city with the best housing deals in the nation, we sent a quick note and link to every prospect in our system.  With the exception of the prospect's name being inserted, each email sent was identical and went out on the respective agent's behalf to their respective list of prospects. The funny thing is that one agent said he hardly got any response at all, and the other agent called me to say it was the best response rate he had ever seen for a "blanket mailing" (and they were all very positive responses with two of those responses resulting in an appointment being set!)

Why in the world was there such a difference in response rates?  That prompted more digging...

  • Now keep in mind that the two agents I spoke with each have a list of between 1300 and 1500+ prospects in their database who have at some point in time expressed an interest in searching for a home.
  • Both agents have been using our real estate prospecting system for about the same number of years, and have built their list of prospects at about the same pace.
  • Both agents were within 10% of each other in terms of the median home price that their lead list is searching for...
  • Neither of the two agents have a website, and rely predominantly on our system for their marketing/prospecting.
  • The biggest difference I found was that the two agents lived in slightly different areas, and therefore served different cities, but that couldn't have been it... Afterall -- they're both in the greater Denver metro area.

Then I found it:

  • The first agent mostly relied on auto-emails, and drip email followup to maintain his relationship with his prospects.  He was quick to respond to his prospects when they had questions, and demonstrated exemplary knowledge of the area whenever possible.  
  • The second agent used all of the same auto-generated marketing tools our system provides, but in addition:
    • He made a point of writing a personalized email to each and every one of his new leads that didn't give a phone number. 
    • If he found them on Google, he'd comment about it, and he'd follow them on Facebook or Twitter whenever possible. 
    • When they gave a phone number, he personally emailed them, and called them within an average of a few hours of them signing up. 
    • I could tell from his contact log notes that he was going out of his way to get to know his prospects as people. In fact, a lot of the conversations that appear to have gone on had nothing to do with real estate!
    • Instead of number of bedrooms & bathrooms a prospect is looking for, I saw notations of how many kids and kids' names. (In one case, I saw the name of a family pet!)
    • I saw birthdates and anniversary dates entered in customer profiles.
    • I even saw annotations about whether they're golfers, coin collectors, or outdoor enthusiasts...
    • The only thing I saw that this agent had been doing that actually cost any money was sending thank-you notes to customers who gave an address via snail mail.
    • Needless to say - the other stark difference between the two agents is actual production. Can you guess who is the bigger producer (by a ratio of nearly 4 to 1?)

They might not admit it, but your prospect's favorite subject is themself.  Whether your prospect list is 15 people, or 2000 people, no level of automation is a substitute for a good old-fashioned conversation. What can you do to engage your prospects in conversation and find out about one of their passions today?

 

 
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29 Comments on Real Estate, Schmeal Estate -- How's Your Golf Game?

20 Most Recent Comments Displayed Show All

JUL
02
2009
567,292 Points 5 Featured Posts Outside Blog

I like the option # 2. Going the extra mile really can pay off.

11:16pm • #12
15 Featured Posts

Thanks so much for the comments folks!

It's funny - just this evening I was helping another agent with her prospecting, and we googled 9 of her newest leads...

7 of those 9 were on either Facebook, LinkedIn, Twitter, or Myspace.  She said it was hard not to feel like she was a stalker, but the bottom line is that by definition - if they're on a social network, they usually expect to be social. While other agents are sending canned "how can I help you with your home search" that will go straight in the junk folder, she can start building friendships and boost her odds of getting their business like no one else can.

11:17pm • #13
871,571 Points 47 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

Joel, this is a great illustration of the reality that it's all about the buyer - when they're buying a home they are laser-focused. If we reach out to them and listen and get to know them as people too, we'll have great success.

Sharon

11:24pm • #14
625,083 Points 16 Featured Posts Localism Sponsor Outside Blog Hit Router Attended Rain Camp Called Shot Master

Being a people person can never be beaten by automated e-mails. We all need to practice that, if we aren't already.

11:38pm • #15
JUL
03
2009
361,159 Points 31 Featured Posts Outside Blog Hit Router

Joel -

Prospective clients don't necessarily respond solely to skill and market knowledge.  They respond to the PERSON, and their comfort level with them.

That is not to say they will hire a simpleton just because he's a friendly Joe.  Expertise is a GIVEN!

But those who go out of their way to reach out on a personal level will always have the edge!

BTW . . . to Hell with the Golf Game!  What are we going to do about those &^%$#@#%$%^& Chicago Cubs?

DEAN & DEAN'S TEAM CHICAGO

12:13am • #16
1,450,130 Points 46 Featured Posts Outside Blog Called Shot Master

Thank you for your post. I will use some of the tips used by the second agent.

5:35am • #17
873,941 Points 154 Featured Posts Localism Sponsor Outside Blog Hit Router Attended Rain Camp Called Shot Master

Joel, not surprising at all. The one agents customizes and knows the people in his data base. Anyone can have a huge data base and multitudes of friends on FB and followers on Twitter but how many do you really know.

When responding to internet leads, personalize, personalize,personalize.

I got a great tip in this post, to Google my clients and friend them on FB. Many are there but I know there is more.

7:35am • #18
15 Featured Posts

Sharon & William - I couldn't agree more. Thx for the comments!

Dean - Rooting for the cubs is great. But if you're also a Blackhawks fan - all I can say is... "Go Avs!" ;-)

Gita - Nice to meet you! Let us know how some of them work.

Missy - Thanks! That's an extreme compliment considering you're the "Google Apps Queen" - I believe in Googling prospects so much that I had my programmers create a link within our system that automatically googles the prospect's name in quotes and the state they're from...  Works like a charm!  (The 7 out of 9 example I cited in the comment above is the highest percentage of hits I've ever seen.  Finding something to go on 20% to 25% of the time is more typical when I'm googling prospects.)

8:42am • #19

I couldn't agree more with the "personal" touch.  Jason Crouch wrote a blogpost about wearing a suit, I relate that to this subject, as in I do NOT, after 11 years, ever put on a suit for this business.  I am working with my peer group, and, (geez where does the time go) first time homebuyers etc. much younger than me.  My clients, and this is from experience, not some self help book or sales book, want to relate and feel comfortable with me, and trust me, not some stiff neck suit with all the answers.  Get people comfortable, laughing, and talking about their lives, and you are their go to guy.

As far as the Googling people, I do it to all clients, just to learn a bit about them, and if there is something interesting about them, I bring it up in a conversation with them, tactfully and in an engaging manner.  As far as going on their Facebook or other social networking site, I wouldn't do it, that is to me going to far uninvited, and I would never just pop up with a comment on their profile, unless I previously asked if they have an account, etc.  Also, to anyone out there new to this, remember, your clients are doing the same with you, so all those party pictures you have on your profile of you living your "other" life, will damage your reputation, so don't have a public account that has anything you wouldn't invite your clients to know about you. 

8:45am • #20
985,912 Points 49 Featured Posts Outside Blog Called Shot Master

Communication is key in this industry and above all personal communication will make all the difference in the world.  If I got a handwritten note from one agent and an e-mail from the other, guess who I'm using?  If one agent knew what type of house I was looking for and the other knew all of my children's names, guess who I'm using?  I'm going with the one who wrote the note and knows my children's names.  That personal connection will in turn create trust and comfort between a client and agent.  Finding the house will then be the easy part at that point.

10:00am • #21

You got it Joel - Nothing beats personal interaction.

Have a great 4th!

Dan

11:10am • #22
1,123,552 Points 90 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

I google all new prospects + all new hires! It's amazing what you can find out.

Harvey Mackey ... a great salesman has written many books on his success. He had a 100+ point survey he had his salespeople fill out. He ran an envelope company but it applies to us as well.

In it, he had his people make notes on every prospect, from favorite football team to alma mater to hobbies. Those were the keys to his success! He remembered things that were important about the prospects and knew them as people, then sold them his product.

8:54pm • #23

Absolutely!  In general, it takes a LOT of time, money, and effort to find a new prospect.  Once you get one, you better take care of it!  It always amazes me when I hear that Agents don't answer their phone or respond to emails.  And now, more than ever we have to personalize things, especially when when we're trying to communicate with black and white times new roman :-)

9:08pm • #24
JUL
04
2009

Joel,

With all of the new media, automated drip responses and all, it's great to see hard evidence that connecting with people on a personal level is still the key to out performing the pack.

Thanks for this post.

 

9:07am • #25

Happy 4th of July Joel! Fantastic post. I have found what you give to your clients and prospects comes back two fold. Staying in contact with your folks, no matter what kind of media, is the most important thing in this business. Going the extra mile, by sending them a heart felt card is more appreciated than anything else.

 

 

Jill Klunk
9:17am • #26
319,272 Points 11 Featured Posts Outside Blog

Happy 4th of July to you.  I thought you really wanted to know about my golf game... its not so good.  Very interesting post

9:32am • #27
285,387 Points 1 Featured Post Outside Blog

Joel, that was an excellent comparision.  I hope that the agent who was complaining was given the differences (without names) so that he/she could see what was lacking.

9:40am • #28
1,022,995 Points 15 Featured Posts Localism Sponsor Outside Blog Called Shot Master

This is a very good post and reminds of the need to build relationships in many different ways.

11:42am • #29
JUL
05
2009
127,709 Points

Very encouraging.  I hope my marketing results will produce those same results.

11:54pm • #30
DEC
03
2010
864,237 Points 20 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Lead generation is the fuel for the engine and Lead Followup is a key ingredient in the fuel.

7:54am • #31

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Joel McDonald

Castle Pines North, CO

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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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