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Internet Lead Conversion — The little things still count

By
Real Estate Agent with HomeSmart Realty West CalBRE #01458572

Internet Lead Conversion — The little things still count.

One of the problems with the Internet is that it allows complete anonymity. Even if you visit a site that requires a name and email address, you can put in a fake name and a fake email address.

That makes it difficult and time-consuming to find that one name and email address that are good, and then to convert it into a sale. But how do you do that? I believe there are three things that you have to do well in order to convert Internet leads.

  1. Speed — Be fast in responding to your lead. I know everyone working in real estate is familiar with the phrase "Time is of the essence," and it's oh-so-true if you want a chance to convert that Internet lead. The Internet is open 24 hours a day, so it's highly likely that you're not the only one getting a lead from that person, and often the person who responds first is the one who converts the lead.
  2. Offer something of value for the chance to meet them personally — Make it something other than a free consultation. Contrary to popular belief, the only person who believes that your time is valuable is you, so simply spending your time with them might not carry much weight. They might see it as simply your opportunity to give them the ol' hard sale. Following are some of the things of value that my Clients have successfully used to convert an Internet lead into a meeting, and once my Clients have an opportunity to sit down one-on-one with a lead, they rarely lose. You can use them individually or even combine them:
    1. Plants — One of my Clients is an avid gardener, and she's always pruning and trimming her plants. The cuttings of many of her plants can grow into plants themselves simply by rooting them in water or planting them in moist soil. You can also get lots of small plants at nurseries for 99¢ or less. A dollar is not a significant expense to convert a lead. Buy yourself a spider plant/airplane plant like that shown in the picture. They grow rapidly, put out lots of runners with plants at the end, and you can simply pluck a plant off the mother plant, and give it away.
    2. DVDs — Most of my real estate Clients provide a DVD packed full of useful information about home maintenance — staying safe in our homes and easily taking care of them.
    3. Coupons to relatives' businesses — Another Client provides 10% discount coupons to her husband's auto repair shop, and yet another Client provides 10% discount coupons to his wife's custom jewelry shop.
    4. Food — This is a very popular one. I mean, who can resist food? Make some cookies (If you make peanut butter cookies, please send me some. Thanks.), or a pie, or some homemade bread, or some fig preserves.... "If you can meet with me this week, I'll have a dozen peanut butter cookies for you. If you can't meet until next week, you'll have to settle for an apple pie."
    5. Future gift — One Client is the world's best embroiderer, and she lets everyone know that if they hire her to help them buy or sell, she'll embroider a special set of his and her beach towels for them.
  3. Know exactly what you're going to say when you meet — I believe you should have a script for responding by email if that's all you have, responding by phone if you're lucky enough to get a phone number, and for when you finally get to sit down and meet them. This is critical when you're meeting in person because your appearance, your vocal inflection, and your non-verbal gestures aren't something that you can take back. If you're talking on the phone, at least you can do that in your jammies, and if you're emailing, you can safe the email as a draft and proof it after supper; just don't wait too long because time is of the essence!

If you provide a closing gift, make sure you let those Internet leads know that when they hire you and get to a successful close, you have a nice closing gift for them. Don't be afraid to advertise future value for them for meeting with you today!

The little things count.

For other methods of converting internet leads, be sure to check out giftofshift.com/activerain where you can purchase a limited edition hardcover of Gary Keller's book SHIFT, which comes with a free version of the eBook Soci@l: Attract Friends, Followers and Connections to Your Business, written by Ben Kinney and Jay Papasan (in which Ben shares his 'ten days of pain' lead conversion method) as well as free audio versions of Millionaire Real Estate Agent and Millionaire Real Estate Investor, all for $19.99.

Shift, by Gary Keller

 

Katerina Gasset
The Gasset Group & Get It Done For Me Virtual Services - Provo, UT
Amplify Your Real Estate & Life Dreams!

Russel- I just knew when I saw the title to your post it would be filled with gems. I like the plant idea very much. We give Whole Foods gift cards often. People love those. We also give a DVD of the realestateshow we made for the sellers, and give it to the new buyers as a gift. They love that, especially if it is how they found the house! 

Jan 13, 2010 10:30 AM
Andrea Swiedler
Berkshire Hathaway HomeServices New England Properties - New Milford, CT
Realtor, Southern Litchfield County CT

Russel, what great ideas! I do respond pretty rapidly to any internet leads, I really do! I admit however that the past few weeks I am trying to get my feet back underneath me with this 2 year old terror living in our house and the new grandbaby arriving. It is a challenge, but one that I am going to just have to adapt to. My computer time is no longer my own time.

Jan 13, 2010 12:15 PM
Russel Ray, San Diego Business & Marketing Consultant & Photographer
Russel Ray - San Diego State University, CA

Hey, Katerina - Plants have always been my favorite since I'm my favorite gardener, and I'll often show new Clients what inexpensive plants make wonderful hanging baskets, or plants from which you can take a leaf (like the silver dollar jade) and simply throw it on the ground and get a new plant from it. Almost all succulents can be grown from leaves and cuttings, don't have thorns like cactus, and have beautiful flowers. Lots of ivies are easy to grow from cuttings, too.

Hey, Andrea - Little two-year-old terrors can be, well, terrors. My little one is now three, but I think she still thinks she's two.

For other readers - I'll emphasize again that if you do something special for closing, like Katerina does with her DVD, make sure you let your Internet leads know that up front. That little thing could be the difference. It certainly shows that you plan for the whole process of buying or selling.

Jan 13, 2010 12:25 PM
Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

I have "beat" out my nearest competitor several times because I respond so quickly.  I do like the idea of a little extra incentive.. Most like a gift card of $25  to the business of their choice or a gas card!

Jan 13, 2010 01:40 PM
Guy Thomas
WR Starkey Mortgage - Colorado Springs, CO

Russell, I think that the quick response is really one of the keys. I liked your gift ideas as a way to hook them into revealing themselves.

Jan 13, 2010 02:25 PM
Marilyn Harrell
Better Homes and Acres - Beaverton, MI
Wixom Lake - Beaverton MI

Hi Russel, Yes, speed does count .... and fabulous ideas! Have a sunny day!

Jan 13, 2010 08:36 PM
Carra Riley & Declan Kenyon
Brokers Guild Cherry Creek Ltd - Westminster, CO
Helping people Transition at all ages!

Russel...Quick response is defintely key to securing the internet lead.  But your incentive ideas are clever!

Cosmic Cow

Jan 14, 2010 03:11 AM
Liz Flint
Century 21 Hardee-Team Realty - Houston, TX
Houston\Tomball Realtor (832)816-8066

Hi Russel, I like your ideas about lead conversion.  I'll have to think about a gift of food or plants that will work for me.

Jan 14, 2010 12:59 PM
Irene Tron
Valparaiso, IN

I've done the giving cookies mainly because I love to bake and it's a way to not have to eat everything I make! 

Jan 14, 2010 02:14 PM
Peggy Chirico
Prudential CT Realty - Manchester, CT
REALTOR® 860-748-8900, Hartford & Tolland County Real Estate

Those are great ideas! I always felt that letting people know that I give a fabulous closing gift would be like bribing them, but maybe I need to rethink that idea--because I do give great closing gifts!

Jan 15, 2010 12:45 AM
Kathy Schowe
California Lifestyle Realty - La Quinta, CA
La Quinta, California 760-333-8886

Russel,  The idea of bringing or providing a gift... to me, is just good manners.  I always bring something when I visit someones home--- I even bring cd's of my music mixes when I play golf with friends or new people... by sharing your time, your love of music, your love of cookies--- you are opening yourself for an exchange of ideas, thoughts, and wealth.  Man.... I see a blog coming !  Kathy

Jan 16, 2010 05:16 PM