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5 ways to get more referrals

By
Real Estate Agent with Remax First Realty II 0790808

The easiest way to get business is by referral. Referrals are far more likely to work with you than people you've cold called because they've already heard from someone they trust that you're the right person to work with.

Imagine this conversation.

     Stranger: I'm thinking about selling my home.

     Our Referral partner: Really? My friend Wayne tells me it's a great time to sell.

     Stranger: I think the time is right for me. How does Wayne know it's a great time to sell?

     Our Referral partner: Well, he and his wife are real estate agents in Clark and they sell a lot of                homes in your area. 

     Stranger: Hmmm. Are they any good?

     Our Referral partner:  They're fantastic. I've referred Wayne to lots of my family and friends and          they've always been thrilled with him. He works hard and is a great communicator - he doesn't                     leave his clients feeling out of the loop.

     Stranger: Can you give me his number?

 

Now imagine this conversation happening 3-4 times a day. 

 

So who are these referral partners and how can you get them?

  1. Your Sphere of Influence. This should include your family and friends and you should be reminding them to refer you at least every few months. Don't forget your Facebook and Instagram friends.
  2. Your satisfied clients. Keep in touch with them often, and remind them to refer you.
  3. People you do business with. Some of our strongest referral partners are mortgage representatives, inspection companies, and attorneys with whom we do business. 

 

Still want more referral partners?

  1. Consider formal networking. Groups such as Business Networking International can provide you with a nearly limitless source of referrals. Through weekly meetings, the members get to know each other and develop relationships so that each member is comfortable referring the other members business. 
  2. Ask for referrals. If you don't ask people to refer you, they won't think of it. Give them something specific - "Your neighborhood is one I do a lot of business in. Would you refer me to any of your neighbors that are selling their home?"
  3. Ask for specific referrals. "Your son's friends are all graduating college. I bet his friends could use a good Realtor to help them find apartments."  "There are some great deals in the condo market. Who do you know that are empty nesters?"
  4. Find ways you can refer business to other people. If you hear of  a friend with a plumbing problem, refer them to your plumber. If you have a neighbor who needs a landscaper, give them a name and number to call. Referral givers are the ones who get the most referrals.
  5. Join Active Rain. Become the expert in your neighborhood. And then ask other Rainers to refer business to you. 

 

 

Networking and Referral Resources:

Cocktail parties

The Wrong Way to Network

 

 

 

 

 

Posted by

 

 

 

~ Wayne & Jean 

Union County, NJ - a great place to live and work!

If you're looking to buy or sell a property in Union County, call us at 908-917-4189 or email TeamZuhl@gmail.com.

 

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All opinions, information and data provided is deemed reliable but is subject to errors and omissions. Not intended to solicit other Brokers' clients. We cooperate with them fully. 

Roy Kelley
Retired - Gaithersburg, MD

This is good information for agents that wish to grow their business.

Jul 19, 2014 10:06 PM
Rob Arnold
Sand Dollar Realty Group, Inc. - Altamonte Springs, FL
Metro Orlando Full Service - Investor Friendly & F

Referrals are definitely a great thing.  The more people you can get to refer you leads the better. 

Jul 19, 2014 11:55 PM
Muhammad Mushtaq
Weichert, Realtors® - SBA Group - Fall River, MA
Broker/Realtor

Any referrals open doors to loads of future business. Thanks for sharing :) 

Jul 20, 2014 01:47 AM
Jesse Poll
KELLER WILLIAMS Realty, St. George - Saint George, UT
Keller Williams Realty, St. George Utah

It will be very cool when I get to that point. Still pretty new.

Jul 20, 2014 02:12 AM
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Great post Wayne and Jean, referrals are the way to go, and your wise clients are wise to send you to their friends in need.

Jul 20, 2014 03:34 PM
John Jonas
ReplaceMyself - Virtual Assistants - Highland, UT
John Jonas

Never underestimate the power of networking. Someone who you think might not be related to your business just might know someone who needs your services. That's why I like keeping contact with people I've done business with.

Jul 20, 2014 05:27 PM
Mercy Colberg
RE/MAX Best Choice - Sappington, MO
Colberg Team RE/MAX Best Choice Listings

Seems like the new name for referrals are "advocates." Same thing/different name. No matter what name they are called, the more, the merrier!

Jul 21, 2014 03:10 AM
Ron Aguilar
Gateway Mortgage Group - Saint George, UT
Mortgage & Real Estate Advisor since 1995

know how to ask for referrals and

know what to do when you think you have it

Jul 21, 2014 07:32 AM
Dagny Eason
Dagny's Real Estate - Wilton, CT
Fairfield County CT, CDPE Homes For Sale and Condo

Great advice!    We all should be following that advice daily!

Jul 21, 2014 07:56 AM
Derrick Guevremont
Counselor Realty of Rochester - Rochester, MN
Rochester MN Homes for Sale

A referral from a satisfied customer is more valuable than a Super Bowl ad.

Jul 21, 2014 08:05 AM
Steve Halen
R&S Premier Homes - San Tan Valley, AZ
US Navy Veteran

 So true, give really excellent service and people will remember you when they are ready for their new transaction and they will tell their friends!

 

Thanks,

Steve

Jul 21, 2014 08:50 AM
Diana White-Pettis
Bennett Realty Solutions - Upper Marlboro, MD
GRI, CDPE, CNE, WHC Upper Marlboro Homes for Sale

Great advice and excellent information!

Jul 21, 2014 10:31 AM
Jan Green - Scottsdale, AZ
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

It's awesome to earn those referrals from satisified clients. Great list as a reminder - thanks!

Jul 21, 2014 10:45 AM
Mike Warren
Real Estate - Colorado Springs, CO

Love your post. Very informative.

Jul 21, 2014 04:37 PM
Raymond Edler
Keller Williams Realty Dallas Fort Worth 214-552-2091 - Prosper, TX
#1 Real Estate Office in DFW

Great post.  If you have any clients relocating to or from the DFW area would love to help!  Raymond Edler 214-552-2091 www.RaymondEdler.com

Jul 22, 2014 12:27 AM
Gene Riemenschneider
Home Point Real Estate - Brentwood, CA
Turning Houses into Homes

Some things we should all keep in mind and consider.  My best clients have been repeat business or referals.

Jul 22, 2014 03:25 AM
Sharon Sanchez
Ace Home Realty - Carson, CA
Your Number "1" Source For Real Estate.

Always ask for referrals. I do.

Jul 22, 2014 05:36 AM
Kimo Jarrett
Cyber Properties - Huntington Beach, CA
Pro Lifestyle Solutions

Timely post as I just met a Realtor who told me about BNI. I'll check it out and see where it leads me. Thanks for your post.

Jul 22, 2014 05:59 PM
Monte Wall
Keller Williams Premier Realty - Katy, TX
Keller Williams Premier Realty - Katy, Texas

This is so true.  A referral based business is absolutely the best business.  Good post.

Jul 22, 2014 11:55 PM
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

Great advice.

Jul 29, 2014 04:00 AM