Boast about your accomplishments; but, also, ask yourself: what does my accomplishments do for my client?  

I often state that we were ranked in 2008 as the #2 real estate group in the city of Austin by the Austin Business Journal.  Many others throw out something similar, such as they were number one in their office, their city....whatever.  Well that is all fine and dandy, but does the client really care?  Maybe, maybe not.  It does tell them that you are successful and that he is not hiring a bozos, but does it really tell him what it does for them personally?  I don't think so.  Perhaps it grabs their attention.....but it does not answer the big question, what are you going to do for me?

So I like to break down stats community by community on what we actually do for a client's neighbors.  So I nail it down by the community.  One of the communities we farm is called River Place on Lake Austin.  In River Place I note we have sold over 1000 homes and had, in 2008, 44% of the listings sold.  On top of that our buyer's agents sold 23% of our own listings.  This is powerful data that tells the seller that we are not only the most dominate agent in the neighborhood, but we actually sell a sizable percentage of our own listings.  If you are new, you can just use your company stats until your personal stats start building up.  

This tells the seller that we are not just going to throw a sign on the property and pray that it sells. So when you start throwing data out to clients, stop and rethink how a prospect thinks.  What is in it for me?  If the stats that are thrown out do not reflect that you are by far the best choice to use, you may want to rethink the way you format the successes you have tailored for an individual seller or buyer.   Just a thought to end my day...........


 
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8 Comments on How does HOW YOU RANK benefit your client?

JUL
09
2 Featured Posts

Tim,

Another figure you might want to quote is price per square ft especially if you are achieving more than the mls averages.

Best wishes

Sharon

5:47pm • #1

Great way to promote yourself and the company-you are right the customers do want to know what is in it for me.

5:48pm • #2
1 Featured Post Outside Blog

Great words to live by, Tim. 

Sharon:

What if your listings simply tend to the high end?

Per cent of listings sold.  Per cent of deals closed. Those are true test.

 

6:04pm • #3
149,270 Points 6 Featured Posts Outside Blog

Isn't that sort of contradicting yourself?

First you said quoting stats doesn't tell the client what you are going to do for them.

Then you state giving them sales stats tells them you're not just going to put a sign on the property.

But what does it specifically tell them you are going to do for them?

7:05pm • #4

It is all in the marketing when it comes to sales. Great post thanks

7:19pm • #5
232,202 Points 9 Featured Posts Localism Sponsor Outside Blog
The point is merely to put out stats that would answer the question from your prospect: What is in this for me? i.e. Prove to them that there is no option buy you to chose them. I am a farmer, so my stats will be farming stats. If you are not a farmer those type of stats are meangless. Percent of listings closed....or percent of deals closed is huge. If you have great numbers in this market you will stand out from the crowd. In a shifting market the percentages, as an average, will not be good. So if you do have great numbers in this category SELL IT.......
8:33pm • #6
119,659 Points 1 Featured Post
Perception is what it's all about. I'm the number 1 real estate agent on my street, of course the other families feature 2 teachers, a utility company manager, an insurance salesman, and a small business owner. Just like the packages that feature new and Improved on the box and new and improved is actually the promotion on the box. But to some people it's important and an eye catcher
8:51pm • #7
JUL
10
178,248 Points 13 Featured Posts
Tim, That is a great use of statistics. I think consumers are over the we're "#1" thing. They want results. It looks like you deliver them.
11:03am • #8

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Tim Moncrief, Co-Owner-Bartlett RE Group

Austin, TX

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Keller Williams Realty Austin, Texas

Address: River Place, Steiner Ranch, Austin, TX, 78732

Office Phone: (512) 418-1435

Cell Phone: (512) 576-7344

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