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A New "Game" Plan for 2010

By
Education & Training with Sell with Soul

Begging

As it happens every year ‘round this time, New Year's resolutions are being made with a vengeance.

In our world of real estate sales, these resolutions tend to focus on revving up one's prospecting efforts in hopes of having a Great New Year. Promises to more fully commit to a cold-calling or door-knocking campaign, to more aggressively pursue expired listings and FSBO's, to formally choose a farm area or finally figure out what SEO really means.

All well and good. I wish you luck with that!

But in addition to all these Numbers Games, I submit the following plan for your consideration...

Rather than attempting to contact 100 people a day in hopes of catching the attention of a few, how about trying to impress just a few every day, in hopes of making a memorable impression on every single one? If you were to impress two people a day, at the end of a year, that's over 700 people on the planet who think you're really cool - instead simply sort of recognizing your name from your mass-marketing efforts.

Instead of pestering your sphere of influence once a quarter with requests for referrals (which I promise you are not welcomed with open arms), try reconnecting with the people you know as a friend or acquaintance first - a friend or acquaintance who happens to sell real estate.

Instead of focusing all your time, energy and budget on hunting down new prospects, spend at least half of that time being a kick-a$$ real estate agent for those clients who have already honored you with their business.

It is possible to run a perfectly respectable real estate business without doing ANY formal prospecting other than what I describe above. If the people in your world think you're a pretty darn cool person AND a terrific real estate agent, they'll take great care of you throughout your career.

No game-playing required.

 

Join us on January 16th for a FREEEEE Teleseminar on the
Dangers of Referral-Begging (and what to do instead).
Register HERE!

 

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The More Fun You Have Selling Real Estate, the More Real Estate You Will Sell! 
(True Story)
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Comments (96)

Jennifer Allan-Hagedorn
Sell with Soul - Pensacola Beach, FL
Author of Sell with Soul

Well, thank you Rick & Lois!!!

I just had a thought - might turn into a blog, but I'll test drive it here...

There are two definitions of a "Numbers Game." The first is what most of us consider the traditional Game - where you try to touch as many people with your name and number as efficiently as you can in hopes of snagging a small percentage of them. The "fun" of this game is that according to accepted ratios, the more people you contact, the better chance you have of catching one right at the time he or she is thinking about hiring a real estate agent.

However, there's another definition that suits me better. The more people in the world who know you and like you, the more often your name will come up in conversations about real estate. So, yes, you do need to be out there in the world talking to people, interacting with people, impressing people, charming people, helping people - and the more of this you do, the more chances you'll have of catching someone who needs a real estate agent. But here's the cooler thing - if someone knows you and likes you, they'll REMEMBER you - not only the day you talk to them, but the next day, and the next ... and the next week and the next month. And even cooler yet - they'll remember you when someone they know needs a real estate agent.

No way that's gonna happen if you simply attempt to contact as many people as you possibly can with the intent of NEXTING them if they aren't interested in what you're selling.

So, to play the Numbers Game JA's way... make it a goal to have as many people as possible in the world know you and like you...

Dec 29, 2009 06:23 AM
Lisa Schmitt
Coldwell Banker Honig-Bell - Plainfield, IL

Jennifer, in addition to growing your business via SOI, did you find that you started attracting business through simple name recognition in your community? My community has hundreds of agents, but there are only a handful whose name the average guy on the street could easily recognize, largely because these agents have tons of listings, therefore tons of signs in yards.

Dec 29, 2009 07:50 AM
Kathy Opatka
RE/MAX CROSSROADS - Ocean City, MD
Serving Ocean City, MD, & The Delaware Beaches

Jennifer,

All good advice!  But my sphere is over 3 hrs away( my LOCAL sphere is pretty much all REALTORS!) and my prospects are AT LEAST that far away!  I still rely on emails, phone calls and hand written notes to keep my friendships active!

Dec 29, 2009 07:57 AM
Kathy Opatka
RE/MAX CROSSROADS - Ocean City, MD
Serving Ocean City, MD, & The Delaware Beaches

Jennifer,

All good advice!  But my sphere is over 3 hrs away( my LOCAL sphere is pretty much all REALTORS!) and my prospects are AT LEAST that far away!  I still rely on emails, phone calls and hand written notes to keep my friendships active!

Dec 29, 2009 07:57 AM
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

Jennifer, good post with a different perspective instead of the same ole' bang out those goal and contact 50 people a day - ready, set, GO!

Dec 29, 2009 07:59 AM
Anonymous
Kimberly Gaffney

I really enjoyed reading EVERYONE'S comments about this post.

Personally, I had already made a committment to myself to concentrate on doing ALL that I can do within my means to market the Listings that I currently have and in turn, hopefully that will become a window for me to reach new sellers and buyers alike.

The main thing is to be "persistent" in our Brand and Name Recognition.  To the newbies, it does take time, but eventually, you'll have more business than you have time to attend to!

Best of luck to all for 2010! 

Please keep sending your ideas that are "working"!!  I do like to read what what works for others!!

Dec 29, 2009 08:39 AM
#88
Jennifer Allan-Hagedorn
Sell with Soul - Pensacola Beach, FL
Author of Sell with Soul

Lisa - that's correct - name recognition is best achieved by being successful in the neighborhood. I personally don't believe it's a good use of funds to try to achieve name recognition with advertising or mailings unless/until you have an organic presence with your FOR SALE signs. Once I was selling a lot of real estate, I did get business from strangers just because they saw my name around, but until that point, there are better places to focus. It doesn't mean you can't try to build a following in a particular area, but you would do that by meeting people and making friends, not by advertising.

Dec 29, 2009 08:47 AM
Liz Gallagher
LG Home Harmony - Home Stagers & Organizers - Montreal, QC
Montreal Quebec RESA member

Inspiring ... I WILL try and put it into action for 2010!

Happy New Year!

Liz Gallagher, Montreal Home Stager

Dec 29, 2009 09:23 AM
Debbie Sagorin
Coldwell Banker Realty - Irvine, CA
Marketing Irvine to the Highest Level

One of the better posts, Jennifer - thanks a lot. I already signed-up for your show on Jan 16th!

Dec 29, 2009 12:09 PM
Jenny Durling
L.A. Property Solutions - Los Angeles, CA
For Los Angeles real estate help 213-215-4758

Great advice as always.  I'll be taking more folks to lunch in 2010 for sure.

Dec 29, 2009 04:34 PM
Georgie Hunter R(S) 58089
Hawai'i Life Real Estate Brokers - Haiku, HI
Maui Real Estate sales and lifestyle info

I like your plan, and maybe that what I'm already doing and don't even know it!  Cold calling and door knocking is just not me.  Best wishes for your new year.

Dec 29, 2009 05:22 PM
Cindy Keil
Cindy Keil Coaching - Omaha, NE
CEO Cindy Keil Coaching

Jennifer, great article! We all need to "change" the way we're currently doing business, and continue to as technology changes, if we want to survive.

Have a Happy New Year!

 

Dec 31, 2009 02:48 AM
Lisa Schmitt
Coldwell Banker Honig-Bell - Plainfield, IL

With absolutely no dispespect meant for those who cold call, those who LIKE to cold call and those who are GOOD at cold calling, here is my take: I would NEVER buy something from someone who solicted me on the phone, or even at my front door. (okay, I HAVE bought a magazine subscription from a kid who showed up on the front porch, but the $20 cost wasn't a big deal!)

When I'm in the market to puchase goods or services I do my own research which includes the internet and/or advice from friends/family. Sellers pay thousands upon thousands of dollars for our services. I don't know a lot of people who would be willing to commit to spending that much money with someone who just called them on the phone. Of course I realize that the intial call (or the 5th or the 8th) is merely to get the appointment and at the appointment the seller can make their final decision after interviewing the agent. I am just naturally annoyed as well as suspicious of someone calling me to sell me something. If I want it or need it I will find it on my own, when I'm ready.

Dec 31, 2009 07:53 AM
Jennifer Allan-Hagedorn
Sell with Soul - Pensacola Beach, FL
Author of Sell with Soul

Lisa - Just yesterday I had a conversation about that with a new agent - and we came to the conclusion that anytime you implement these disruption-oriented tactics (cold-prospecting to strangers), you're going to be perceived as desperate. If someone comes knocking at my door to sell me something, I'm sure not going to assume he's successful - after all, if he were, what's he doing knocking at my door? He should be too busy for such nonsense! If someone calls me on the phone to sell me something, I'm always going to assume that the product isn't a quality product; otherwise, why would it be necessary to call me and push me to buy it? Perhaps those aren't perfectly rational assumptions, but that's how my mind works...

Great comment!

Dec 31, 2009 08:04 AM
Lisa Schmitt
Coldwell Banker Honig-Bell - Plainfield, IL

I think in those rare cases of some agents who do have a large & sold business  can maybe work to their advantage: from the stand point of "look, his signs are everywhere and he isn't above coming to our neighborhood in his Mercedes to press the flesh!"

BUT....I don't think most people think too much about things like that. Most are wondering who the heck showed up during dinner without calling first!

Dec 31, 2009 08:33 AM
Neal Bloom
Brokered by eXp Realty LLC - Weston, FL
Realtor CRS-Weston FL Real Estate

Jennifer.

I do agree its a good idea to write something down even if its never met...at least it shows your mind is working and you're making some sort of effort as well as being aware of the fact that you want some sort of direction. I do try to make a to do list when I know its going to be a long one and I've actually made myself finish the list before the day is out. This way I know I've accomplished the things I wanted to do...I really use it more for a way for me to keep my mind on the business and not the other distractions we have that makes us just forget.

Jan 03, 2010 03:28 AM
Dolores "Dee" Mauriello
Keller Willaims - Wayne, NJ
Realtor, Homes For Sale Wayne NJ

Good plan I will keep it in mind.

Jan 03, 2010 12:51 PM
Wayne B. Pruner
Oregon First - Tigard, OR
Tigard Oregon Homes for Sale, Realtor, GRI

I like your plan Jennifer. Thanks for the inspiration and focus.

Jan 04, 2010 04:10 PM
Sonja Adams
Keller Williams Realty - Purcellville, VA

Great plan Jennifer...and the personal touch really does work...

Jan 08, 2010 03:32 AM
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Jul 26, 2012 10:57 AM
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