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More Clients, More Money | Tips to Acquire and Retain

By
Real Estate Technology with Imagine WOW! Digital Marketing Agency

How to Acquire and Retain Clients

I believe any salesperson or business owner would agree that satisfied clients are the backbone of our business. Profits come from acquiring new clients, retaining those clients and then encouraging referrals. Those three elements are crucial to our continued growth and success.

It would stand to reason then that our focus should be on defiining our brand, creating a stellar system that allows for an efficient sale on the front end and developing a strategy to maintain the relationship from thereafter.

Have you taken the time to determine how you will succeed in the everyday battle to earn a buck?  After all, without clients...our business is sunk! 

Get Started with these Simple Tips!

What Problem Are You Solving

The first step is identifying what you have to offer to your potential clients. You are essentially a problem solver, counselor, strategist and psychologist all rolled into one. If you have a team, I suggest making this a team project and allowing them to dive into what your client is feeling, why they are feeling that way and how your service can and will solve their problem.

The question you must answer is: How will you get your clients from where they are, to where they want to be as efficiently and painlessly as possible?

Do You Provide Pain or Pleasure

Being that I’m in the mortgage industry, my unfortunate answer would have to be pain in most instances. However, I do have the opportunity to turn that around by offering systems and strategies that ease the sting.

  • Learn how to convey the benefits associated with working with you in a precise, but captivating manner. Leave them with the feeling that working with anyone else would only increase their discomfort throughout the home buying or selling process.
  • Quickly and effortlessly explain your systems and communication process.
  • Answer the age old question: How will you save them time, money and frustration?
  • Know how to relate each aspect of the process to the client. What can they expect and what is the timeline?
  • Spell out what they are missing out on if they don’t buy with you. If you can’t sell you, then who can?!

Know Your Client

An important part of the process is identifying what your client’s motivation is. How do you define what that is? By answering a few questions.

Remember to keep your questions factual. Fact finding questions divulge the actual situations whereas feeling questions elicit emotions and opinions.

  • Who is our client? Are they single, married, young, elderly, First Time Homebuyers or Investors?
  • What is their goal? Are they buying for the first time or purchasing a second home? Is stability or financial freedom their goal?
  • Why will they buy? Are they currently renting and if so, what are the reasons they would like to own a home of their own?
  • Where and When will they buy? Are they 1 month or 6 months our and how will you communicate with them during that time? Staying in front of them on a consistent basis is vital!
  • How can YOU solve their problem as easily and as efficiently as possible?

Knowing the needs of your clients can and will produce results you never thought possible! 

What is something exceptional that you can do today that will allow you to acquire new clients and retain the ones you have?

Comments(15)

John Souerbry
Cordon Real Estate - Fairfield, CA
Homes, Land & Investments

Great post, thanks!

Aug 13, 2011 11:03 AM
Jose Rivas
Nottingham, MD

Rebekah this is one of the best post I have seen lately. I strongly believe in working a niche market and be the best there to grow the business.

Aug 13, 2011 11:11 AM
Rebekah Radice
Imagine WOW! Digital Marketing Agency - Burbank, CA
Social Media Marketing, Coaching & Training

Thank you Jose!  I think part of the challenge as sales professionals is that we just dive in without knowing who we are and how we will keep up with the business.  It's never a bad thing to take a step back and get that figured out.

Aug 13, 2011 11:15 AM
David Burrows
Classic Realty - Fairfax, VA
No Pressure, Just Seriously Devoted to Real Estate

Rebekah, this is an excellent post. Thanks for the very timely information you have provided.

Aug 13, 2011 11:22 AM
Jesse Zagorsky
Z Team Real Estate REO Marketing Specialist - Del Mar, CA
REO Marketing Specialist - San Diego County, Del Mar, Chula Vista

I spend far too much time chasing new business and not enough retaining what I have.  Great post and suggestions Rebekah, I really appreciate it!

Aug 13, 2011 11:24 AM
Mimi Foster
Falcon Property Company - Colorado Springs, CO
Voted Colorado Springs Best Realtor

Another great post, Rebekah!  It is so much easier to work with the people that know you and love you already rather than going and trying to establish new relationships. 

Aug 13, 2011 12:12 PM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Rebekah-one of the first things I learned when I was in sales years ago was I couldn't begin to tell a client that I could help them until I knew what it was they needed.  And that meant I needed to listen to them.. let them do some talking. 

Aug 13, 2011 01:59 PM
Howard Weiss
Fathom Realty - Arlington, TX
Arlington & DFW, TX

Rebekah, I'm new to the business and these are all really great things for to keep in mind.  Thanks for taking the time :)

Aug 13, 2011 02:57 PM
Janet Jones
Just Your Style Interiors, LLC - Kihei, HI
Home Staging, Interior Redesign Kihei, Maui, Hawaii

Hi Rebekah--I always trained by sales people (in my former life) to ask questions first and not start their "sales pitch" until they understood what the client needed/wanted.  You have written an excellent post on this subject. 

Aug 13, 2011 05:12 PM
Mike Cooper, Broker VA,WV
Cornerstone Business Group Inc - Winchester, VA
Your Neighborhood Real Estate Sales Pro

Excellent, Rebekah.  I had a psych professor who used to say, "People associated pleasure and pain with place."  Hopefully, clients find working with us a pleasure!!  8-)

Aug 13, 2011 06:55 PM
Roy Kelley
Retired - Gaithersburg, MD

Great advice for real estate professionals.  Have an outstanding week!

Life is good!

Brookside Gardens photograph by Roy Kelley.

Aug 14, 2011 12:10 AM
Rebekah Radice
Imagine WOW! Digital Marketing Agency - Burbank, CA
Social Media Marketing, Coaching & Training

Mimi - That is so true!  I'm not sure why it's so hard to get that through to some people seeing how they constantly want to drum up new business.  It's so much easier to maintain relationships than spend all of your time starting over!

Now there's a big key Kathy - listening.  Too many times we're listening but not really hearing what our clients are saying.  That creates a whole new set of problems!

LOL Janet - we all have former lives don't we?!  It sounds like your training well equipped you for this line of work!

Aug 14, 2011 02:31 AM
Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth

Rebekah, great post. Providing a smooth path to a solution for a client will make for a wonderful transaction and a customer for life and more referrals. Good systems in place help out tremendously.

Aug 14, 2011 06:33 AM
Rebekah Radice
Imagine WOW! Digital Marketing Agency - Burbank, CA
Social Media Marketing, Coaching & Training

Thank you Mike and I think your professor was dead on.  We will always remember the "sensation" associated with a moment.  So I totally agree - lets hope its a positive one!!

Thank you Roy!  What a gorgeous butterfly...your pictures never cease to amaze me!!

Gary - A smooth transaction will hopefully have them coming back time and time again and give them reason to refer, refer, refer!

Aug 14, 2011 06:45 AM
Paul Gapski
Berkshire Hathaway / Prudential Ca Realty - El Cajon, CA
619-504-8999,#1 Resource SD Relo
 

thank you very much for the informative and interesting post. I get so much out of the active rain network.

Feb 28, 2012 06:28 AM