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Hellooooooooo??? Are You Out there, SOI? Yes, Jennifer, we're here!

By
Education & Training with Sell with Soul

For almost twelve years, I've run a nearly 100% SOI business - that is - most of my clients have come from the people I know, the people they know, or the people I meet. In other words, I've done very little formal lead soigeneration with the goal of attracting the attention of strangers.  It's worked for me.

As many of you know, I have a somewhat organized, yet unconventional approach to keeping my name in front of my SOI. I don't bombard them with cheesy mailers; I don't pester them on a monthly basis for referrals; I don't sort them according to whether or not they will commit to sending business my way. Nah, I just stay in touch, as a real person who happens to sell real estate for a living. Oh, and I take great care of my clients... as my first priority - not as an afterthought once my prospecting activities are done (that's straight from my profile - kinda catchy, eh?).

And... business floods in. My phone rings (or email jangles), I answer it, and voila! I have a great new client.

But what has pleasantly surprised me since my recent return to real estate after two years away is how many of my past clients, some of whom I haven't spoken with in years, still consider me their Realtor-of-Choice. Just in the last week, I've been contacted by four past clients - all of whom bought or sold over five years ago - wanting to talk real estate. Three out of four of the calls came from people I didn't think really liked me much since they'd never responded to my stay-in-touch efforts. I figured I'd done something to make them mad and many times considered striking them from my database.

Nope. Not the case at all. They had lives to live and didn't need a real estate agent that day. But when they did... they knew who to call. (That would be ME.)

So, why do they remember me? I ask myself the same question. I really don't have a personal relationship with them, obviously, since we haven't actually spoken since the closing in many cases. Yes, I have included them in my postal mailings and emailings , but I'm sure they've met other agents through the years and probably get bombarded with Just Listed! and Just Sold! postcards on a regular basis. What's so special about me?

In the interest of research, I got up the nerve to ask a few of them. And the answers warmed my heart.

They called me because I did a good job for them and they knew how reach me when the time came. Simple as that. Now, if I had done a lousy or even mediocre job for them, but stayed in touch, I doubt they would have kept my card around, but since they were happy, they did. Oh, I'm sure that I've lost people thru the years who did happen to meet other real estate agents who befriended them more than I did, but overall, I have to say that I'm tickled with my retention rate.

Do a good job. Stay in touch. Pretty easy stuff, huh?

 

www.sellwithsoul.com

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Comments(22)

Chip Jefferson
Gibbs Realty and Auction Company - Columbia, SC
Getting to where you are is a inspiration to us all. I am working on my SOI everyday. I seem to be getting a good response myself.
May 07, 2008 03:28 AM
Laura Monroe
Inman News - San Francisco, CA
Dir. of Industry Engagement & Social Media
Jennifer~ I think I can tell why folks come back to you..you are so down to earth, and have asparkle to you...even online. Combine that with good customer service...winning combo! Emailing you to get my copy!
May 07, 2008 04:16 AM
L. Wayne Denton
Denton Properties, Inc. - Loganville, GA
I have a handle on your market!!!

Really good post about what all of us should be doing.  I am new to the business but am partnered up with a lady who has been selling since the 70's.  We got a call the other day fram a lady saying she wanted my partner to sell her home and find her another one.  My partner did not recognize the name so she asked how she had come to call her.  The ladies Father's home had been sold by my partner and father liked her so much.......  Well, partner could not recogize name yet so she asked father's address and when.  Answer was father's home was sold in 1979 when lady was a teenager.  Doing a good job and sticking with the best company around pays off for many years.

 Thank you for the reminder and affirmation.

May 07, 2008 04:38 AM
Bob Cumiskey
A1 Connection Realty, Inc. - Sun City Center, FL
US Army Retired, Your Sun City Center, Florida ~ Realtor

Jennifer,   Leaving a lasting "good" impression goes further than anything I know of in life.  I too hope to have a SOI such as yours someday.  Thanks for all your inspirations.

 

May 07, 2008 05:53 AM
Lori Gilmore
Baird & Warner Real Estate - Joliet, IL
Realtor - Will County Illinois
Jennifer -- I went through a phase where I tried door knocking and mailing and all sorts of painful, uncomfortable stuff and then I stood back and really looked at what was bringing in the business.  It was people I knew and people who I met through people I knew.  Totally changed my thinking about this business. Do a good job and they will come, do a good job and others will send them to you. . .
May 07, 2008 06:10 AM
Joddie Roberts
Mountain Real Estate and Property Management - Spokane, WA
Your Spokane Realtor - Spokane, WA
Jennifer, I decided the most important "asset" I have is my reputation with my SOI ~ so that's what I focus on!
May 07, 2008 08:33 AM
Joshua & Kathy Schmidt
ERA Henley Real Estate - Cabot, AR
Thanks Jennifer for the constant reminders to never forget our SOI.  A lot of Realtors never go back to past clients or stay in touch for that matter.  Thanks again for pointing us in the right direction.
May 07, 2008 08:33 AM
Jennifer Allan-Hagedorn
Sell with Soul - Pensacola Beach, FL
Author of Sell with Soul

Joshua & Kathy - it really does take some commitment and organization to stay in touch, but it's SO worth it!

Joddie - dead-on. If your SOI thinks you rock, your prospecting days are over.

Lori - Everyone should do that exercise and frankly, if your past clients and other people you know AREN'T your primary source of business.... hmmmmm... what's wrong with this picture?

Bob - It's a beautiful thing and I know you'll get there.

L. Wayne - Honest to gosh - this stuff works!!

Laura M. - Wow, thanks!!! Your autographed copy is reserved.

Laura J. - y'know, it's WAY more fun to run a business this way, anyway...

Jeremy - BINGO!

Nathan - please do look me up - I'd love that. Keep up the good work.

 

 

May 07, 2008 08:47 AM
Jenn Beilmann
Coldwell Banker Gundaker - Mehlville, MO
St. Louis MO Realtor

Great post,Jennifer (as usual). I'm still fairly new to the business and got the 'typical' got get 'em speech from my broker - hit expireds and fsbos and you'll be a star in no time. The trouble is that when I look at the current 'stars' who are working this angle, I don't really see people I would like to emulate. They kind of remind me of the gold-toothed used car salesman, driving around hounding people during dinner to list with them and have all their problems solved. (OK they don't really have gold teeth... not that there's anything WRONG with shiny dental procedures... but I'm getting off track here.)

The point is that when I found your approach and applied it, I found myself walking a little taller and having a LOT more fun. I've quit panicking about where my next deal will come from. I know I am a RCHB and the business will naturally follow provided I put myself out there. The funny thing is, the second I relaxed is when things started to HAPPEN (go figure).

So I do my fun weekly email newsletters (have done 3 so far and gotten 2 leads already from them), and I go to every event I can think of (got a listing this week from a trivia night I just attended, and got another listing lead from a book fair I volunteered at).

My family and friends are constantly telling me how happy I look lately - I just smile and tell them I wish I had started in real estate YEARS ago. 

And you know what? It's TRUE ;-)

May 07, 2008 09:38 AM
Greg Knowles Santa Barbara Ca.
Fidelity National Title Group-Santa Barbara - Santa Barbara, CA
It can be pretty easy, but I do think someone has to have a likeable personality to pull it off. The pushy and obnoxious, as well as the timid and shy types don't usually have the good luck you do. Maybe they succeed in other ways, but I think a personality type has quite a bit to do with it. Thanks for the post.
May 07, 2008 10:16 AM
Jennifer Allan-Hagedorn
Sell with Soul - Pensacola Beach, FL
Author of Sell with Soul

Greg  - giggling... I once had a client describe me to someone as "not the friendliest person in the world," but I'm definitely not pushy or timid... but not exactly warm & fuzzy either!

Jenn - Be careful - with testimonials like that, you might find yourself on the cover of a SWS book some day! Thanks. 

May 07, 2008 10:20 AM
Jenn Beilmann
Coldwell Banker Gundaker - Mehlville, MO
St. Louis MO Realtor

<<in my best Betty Davis voice>> "I'm ready for my close up, Mr. DeMille Jennifer" 

LOL !!!!!

 

May 07, 2008 10:32 AM
Dena Stevens
Rocky Mountain Realty - Canon City, CO
Putting The Real Into Realtor Since 2004
Someday you have to write one on being complacent. It's hard to sit still when the phone isn't ringing. I'm such a "proactive person" Yes, I try to down shift when I'm busy, but when I'm not busy it drives me NUTS!
May 07, 2008 10:50 AM
Lisa Hill
Florida Property Experts - Daytona Beach, FL
Daytona Beach Real Estate
I think it's great that if we can all incorporate our own personalities into our prospecting systems, whatever they may be, then the system will work. The people who seem to fail are the ones who are trying to follow a system, just because it worked for someone else. We all have to find what works for us, then stick to it!  =)
May 07, 2008 11:55 AM
Larry Gilbert - Beech Grove Realty Central Indiana Homes and Farms
Beech Grove Realty BGR Real Estate - Beech Grove, IN
I was probably the world's worst at keeping in contact with past clients.  Every day was like starting completely over again.  After reading your book last year I have done much better, both with contacts and financially.  It's definitely a better way for us introverts to go.
May 07, 2008 12:12 PM
The Dave Ruwe Homes Team
Re/Max Lakeshore - Grand Haven, MI
Realtors

Jennifer, nice post. I do lead generation, but I do it because I'm not from the area. However, I do what you do with my past clients. I call them and keep in touch. I have become friends with many of them. I don't ask for leads, but I know when they come across someone they will remember me. It is an easy system...treat others right and they will treat you right...pretty simple.

Dave

May 07, 2008 12:25 PM
Kim Peasley-Parker
AgentOwned Realty, Heritage Group, Inc. - Sumter, SC

Great post and points.  I am finding the my SOI includes many in my subdivision as well as past clients and friends.  I touches me when they call me back with their real estate questions.

 

May 07, 2008 01:18 PM
Christopher Watters
Watters International Realty - Austin, TX
Austin Realtor (512-829-8000)
SOI is the number one place to get business. Without a doubt!
May 08, 2008 07:27 PM
Kelly Sibilsky
Licensed Through Referral Connection, LTD. - Lake Zurich, IL

Really easy stuff. It's how I run my business too! :)

May 09, 2008 09:40 AM
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Dec 06, 2011 07:38 PM
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