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How To Kill A Sale With Ineptitude

By
Services for Real Estate Pros with The Real Estate Investment Institute 1retiredsage

How To Kill A Sale With Ineptitude I just had a distasteful experience on the phone it was a great lesson in how to kill a sale! Has salesmanship died? What’s happened to curtsey? Is respect obsolete? Are we no longer polite?

Before we moved to Houston we’d sold our condo in Las Vegas and put our furnishing in storage. When we got here I was not up to returning to Nevada, today things are different. With that in mind I’ve been getting quotes on moving the remaining to Houston.

I’ve been checking alternatives on and off the net and on the phone. A friend suggested that company that delivers a shipping container to your door for loading then moves it to your new site! What a great idea, it’s going to take me a week or more just to sort things the idea that I could sort then load as I go is great.

I went on line. The site said get a quote. I filled in the information. I pushed "get a quote" the screen flashed "Thank you. Call 877-555-XXX" Now I preach that web sites, business cards and advertising have only one purpose: get the prospective client talking to a salesman! So I called.

I have no idea how many calls they get or what it cost to get those calls, but like most business it must be substantial! What does it cost you for each call? For each conversion from an inquiry to an appointment? More importantly from inquire to a sale?

Advertising real estate doesn’t cost nearly what it use to, but if you consider your time it’s still extremely substantial! When I left the bank to sell real estate my first broker tracked cost and calls recived, they could tell you what each call cost and it’s conversion to sales! Each salesman knew how many in coming calls it took to get a first appointment (3) for sales and how many out going cold calls (20) to get a listing! Yes, we were that good! What newbes and competitors couldn’t accept is that these were averages you couldn’t make just 20 calls an except a listing, but if you made 200 calls you could except 10 listings, 2,000 clod calls and you’d except 100 listings! That’s 2 listings a week for only 8 to 10 hours selective soliciting. (More on cold calling for success another time. For now let’s just say it was more like "luke warn calling.")

Considering your investment in each call can you or any company afford to waste them with inept people skills?

Considering your investment isn’t it time to put some time considering your phone manners?

Considering your investment isn’t it time to spend some time considering your purpose in answering that phone?

Considering your investment isn’t it time to put some time consider your conversion rate?

 

Consider what even a small improvement in phone skills could do!

Back in October 2006 I wrote A Little Sales Blog It’s a simple start. 

Posted by

Bill

William J Archambault Jr

The Real Estate Investment Institute

wja@reii.org      Cell 832-259-7078,      Houston 832-582-8415,       Las vegas 702-516-1569

     http://www.reii.org  Back Cover One House At A Time http:www//reii.orghttp://www.flippingforfunandprofit.info/ http://www.billarchambault.com   

From my past: GRI 1975, FLI 1974, Catalyst from a client 1974 an agent that makes things happen, REII, The Real Estate Investment Institute 1995.

http://www.reii.org

©William J Archambault Jr   ©The Real Estate Investment Institute   ©REII

Comments(8)

Melissa Zavala
Broadpoint Properties - Escondido, CA
Broker, Escondido Real Estate, San Diego County

One of the million areas in which I need to improve is in remembering that every person who is in my midst is a prospective client.

Feb 27, 2012 09:12 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Bill that is pretty impressive.  I don't know of anyone in the Real Estate or Lending Industry doing that today, but I think it is a concept that should be considered once again.

Those phone skills are very important.  These days it is very apparent that the person making the call is reading from a script.  Scripts are OK to learn and study, but not to read over the phone.

Feb 27, 2012 09:44 AM
William J. Archambault, Jr.
The Real Estate Investment Institute - Houston, TX

Melissa,

We all do!

Bill

Feb 27, 2012 10:05 AM
William J. Archambault, Jr.
The Real Estate Investment Institute - Houston, TX

George,

I had the great privilege to start in real estate with the largest company in Michigan at the time, the only one with a formal school. Westadale was in 7 markets and totally dominated 6 of them, all but Detroit. There were 30 of us in Kalamazoo when I was there, at the time there were 1,500 local Board members, we controlled over one third of all sales except for the 6 months when we controlled over half!

Thirty people out of 1,500 were either the listing or selling agent in over one third of all sales. We sold most of our own listings and our office was the most likely one to sell anyone’s listing! It was the people they hired, I was honored to be there. Once hired Westdale spent an ongoing fortune on training after you got your license ant on going! They paid the same as every one else, but we made more a lot more than most!

Westdale spent more on Sunday advertising than anyone else. There wasn’t a neighborhood with out our signs. Our competitors listing presentations started by bad mouthing us, bless them! Our reputation preceded us!

All good thing come to an end we were 30 prima donnas. Our egos were to big for one bull-pen. I may have lead the exodus, but one by one most of us became brokers and in one form or another opened our own offices. One of us, Norm Helm after opening his own office bought the first ReMax franchise to Michigan, combining Westdale’s dedication to selecting the right people and educating them to the rent-a-desk crowd, incredible.

I believe we become who we associated with. I was blessed! I worked for a great Bank that treated it’s customers like family, Westdale who taught service through education, the CCIM’s education, education, education, then FLI humanity and service, like I said I’ve been blessed.

With regards to scrips I can’t use them, never have (successfully) at Westdale we didn’t use them, but we all had an outline, a check list we followed.

Bill

Feb 28, 2012 02:03 AM
Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth

This company did not seem very efficient with phone and web input. I would think they would be calling you back from your application.

Feb 28, 2012 07:00 AM
William J. Archambault, Jr.
The Real Estate Investment Institute - Houston, TX

Gary,

They e-mail!

 responded I wouldn't be working with any company that employed the guy. They then sent the same letter with a woman's name at the bottom.

I would say that's creative use of a form letter.

Bill

Feb 28, 2012 10:55 AM
Todd Clark - Retired
eXp Realty LLC - Tigard, OR
Principle Broker Oregon

I believe I've worked with the company you are referring to. (Have one in my driveway right now) But, I think it is a numbers game to them, pay as little and get as much as possible. I don't think they have realized how much more they would get if they paid more and trained better.

 

Mar 16, 2012 12:31 AM
William J. Archambault, Jr.
The Real Estate Investment Institute - Houston, TX

Todd,

Well said!

Bill

Mar 16, 2012 01:40 AM