Special offer

What Do Einstein's Razor and Your CRM Have in Common?

By
Services for Real Estate Pros with RISMedia

“Everything must be made as simple as possible. But not simpler.” – Albert Einstein

Einstein’s Razor sums up the ideal system – a process that effectively covers all bases and requires minimal effort to do so. Something that un-complicates things. Something that works. In a perfect real estate world, CRM systems would do it all, thoroughly and completely, with little or no input from the agent. It’s a razor, alright.

There’s a reason why CRMs “work” for some and not for others, and it’s not the CRM. All CRMs “work.” No matter who uses it – agents, mortgage pros, home stagers, title insurers – CRMs are developed in the same way, with the same capabilities. The challenge is making them work for you.

 
It costs five times more to find a new client than to maintain a relationship with an existing one, and according to a recent survey of California homebuyers, 82 percent were dissatisfied with agents due to a slow response.

Considering those stats, you need your CRM to work wonders. No matter your system of choice, it’s crucial to have an active role in managing your contacts.

 

Push your CRM into high gear with these tips:

 

ASAP
With harried schedules, agents rarely have time to sit down at a computer and fiddle with their databases. But with a wide range of mobile-friendly CRMs available, there’s no reason why you can’t add contact info as soon as you get it. Whip out your phone or tablet at your next open house, pull up your CRM and add those details while they’re fresh – don’t wait until that night to try and remember names.

Scattergories
You’ve probably already got contacts organized into groups, but do one better: shake up your database by categorizing people as an active or dormant lead, a past client or a referral. This will help you get a handle on the best ways to communicate with each. Also, get into the habit of grouping new contacts as you store their information – doing so may help you remember how and where you met the person, too!

Wake-up call
Once adding and organizing becomes second nature, dedicate time each day (ideally in the morning) to call your contacts, instead of setting up a drip and forgetting about it. (Note: You can set up email marketing campaigns for your most promising leads, but be sure to reach out over the phone, too.) Some CRMs even populate your database with a handful of contacts each day, so that eventually, you’ll touch base with everyone.


The most important thing to remember is that automating the system will only go so far. You have to hold yourself accountable.

 

How do you effectively manage your CRM?


The preceding was adapted from RISMedia's blog, HouseCall - original content can be found here.

Posted by

 

 


     

 

Comments(9)

Ted Glover
Alderman Classic Realty, LLC - Moultrie, GA
ABR in Moultrie, Georgia 229-854-5422

Susanne very good tips for us to follow.

Aug 25, 2014 11:44 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Suzanne, our CRM are worth their weight in GOLD, and staying in touch with  past clients is essential.

Aug 25, 2014 11:55 PM
Roy Kelley
Retired - Gaithersburg, MD

A good database is the best way to maintain contact records and have efficient mass email management. I used Top Producer for many years.

Aug 26, 2014 12:34 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I've been a big CRM user before anyone called them CRM's. Discovered Top Producer 17 years ago and never looked back.

Aug 26, 2014 07:55 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Suzanne, a tool is only useful if you learn how to use it! Enjoy your day!

Aug 26, 2014 08:25 PM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Suzanne, this is super information and something I work at constantly.

Aug 26, 2014 09:14 PM
Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Hi Suzanne.  The more disciplined that we are the more successful.

Aug 26, 2014 09:59 PM
Gayle Rich-Boxman Fishhawk Lake Real Estate
John L Scott Market Center - Birkenfeld, OR
"Your Local Expert!" 503-739-3843

Suzanne, many are missing out here, not visiting you! Your posts are so SMART. I want you in my hip pocket!

Sep 02, 2014 12:49 PM
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

I would have to agree that a quick response time is critical in finding new business. If you do not respond, they will just call the next agent on their list.

Sep 04, 2014 09:33 AM