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5 Easy steps to convert a "lead" to a satisfied client

By
Real Estate Agent with Henderson-Sotheby's International Realty

"How to go from "I found you on the Internet" to "Let's get married"

This article is not a prescription for getting the largest possible number of clients in the satisfied real estate clientshortest time. It is about building long lasting relationships with clients.

For starters, let's get rid of the salespeople favorite word "leads". Why do we insist on calling people "leads" instead of  "prospective clients"? Some may think it's a minor point.  For me, it  somehow devalues and de-personalizes the relationship before it even started. People looking for a romantic match on the Internet don't say "I got a call from a very handsome lead". More likely it's: "I got a call from a great guy I would like to meet". No different with real estate clients -we are looking for a relationship.

Having changed my marketing focus to blogging from the conventional methods, I learned  interesting lessons.

1. Write content for the type of clients you want to attract.
The people who contact me from the blog are more often then not similar to me. They are detail oriented, focus on and appreciate research, value education as part of the selling process, are looking for a lot of useful information, could recognize intelligence and knowledge when they see it, do not believe they know -it -all, have an open mind, are suspicious of hard core sales people .

This made my year a lot more enjoyable. In contrast, pursuing FSBO last year, as the conventional wisdom for the relatively new real estate agents,  produced, putting it mildly, a lot of stress. These are often people convinced they know it all, suspicious of advice, apprehensive of the value of your work, etc.

This as not what my heart desired.

2. Be there to answer the call.
I rarely have to call back -I am there when the phone rings, sometimes startling the person on the other line. One client said, of the several calls he placed, I was the only one who answered the phone...Clients said they were not sure why real estate agents advertise their phone numbers if they are not there to answer them.

E-mail immediately, if you don't have the phone number to call. Be sensitive to the style of inquiry. Do not push to get the person's phone number. Realize it could be a slow dance of getting to know each other through e-mails. The goal here is in each e-mail to provide value while finding out a bit more about the client's needs.

3. Judge the tempo
It could be a slow dance or it could be a cha-cha. It is often slower with buyer clients, then seller clients, since sellers are often under more time pressure. I had clients contact me after several failed relationships with other agents. What ever dissatisfaction  was generated with the previous agent, the client may need time to see if and how you are different.

4. No hard sell
One thing I never do is push. Some times clients get stuck in the analysis paralysis and/or unable to make decisions. There are agents who believe such clients need to be pushed towards making  a decision. I found two things could happen. The client gets stressed. If they make the decision, they are never certain later if it was the right decision and could come to resent you as an agent. If the stress gets to be too much, they would go somewhere else.

Buying and selling is stressful enough for clients. My job is to minimize the stress, not add to it.

5. Educate as you go
Let's suppose the client didn't take your advice and, for example, didn't offer what you recommended. Let's suppose it caused them to "lose" a bid. This is not the end of the world. In fact, better then anything you could say or do, it showed the client the value and validity of your advice.

This is one way my clients come to trust me - they see my words come true. It's not about the promises of a great job, or the ads with my smiling face, or the hype of being #1 producer. It's simply advising and guiding, so your words become verifiable facts. Does it take extra time? Yes. Does it stretch the process? May be. Does it built stronger relationships ? Most certainly.

One thing I found not to be the case. Prospective clients calling to hire you from a blog.

This is what I read a lot on Active Rain. Some may say my blogging has not risen to the heights needed for this to be the case. Fair enough. I am not sure I could fault prospective sellers for not hiring me right off the bat based on my blog. Again, my clients tend to be similar to me in many ways. I would not hire someone to do something very important, let's say surgery, just because I liked their blog, or even got a recommendation. I would want to meet them in person, meet other doctors, and decide then. Having a blog should make the client's task easier -more of a confirmation rather then investigation from scratch.

I found this to be the case with the sellers. When prospective clients ask me if they should talk to other agents, I say -"Sure". Why? Because:

  • 1. It's part of due diligence.
  • 2. Blog is a resume and a bit of an interview. It's not the interview.
  • 3. Through my blog they could peak "into my head" over a long time, most other agents don't offer it to their clients.
  • 4. I am confident in my  abilities.
  • 5. If they select someone else, it would have not been a good match anyway. This saves me time, expense and aggravation.
  • 6. This is not the last chance we have to work together.
  • 7. When the prospective client's choice turns out wrong they come back appreciating even more what I have to offer.


Be smart, be focused, be responsive, be respectful, be an advisor, know your stuff, get the job done. Hey, it's easy to get clients for life.

Read More: Could You Buy A Home Without A Realtor?

Why you should pay more to real estate agent

Greg Adelman
Midwest Home Center - Saint Croix Falls, WI

Faina, great blog and information and tips provided to us all

Aug 30, 2008 04:27 AM
Johnathan Smith
Coldwell Banker DiTommaso Realty - Staten Island, NY

thanks for the tip!

Johnahan Smith
Staten Island
http://www.johnresales.com

 

Aug 30, 2008 04:42 AM
DeAnna Troupe
Learn Small Business - Stone Mountain, GA

Great post.  This is a good reminder that this is a marathon and not a sprint.

Aug 30, 2008 07:48 AM
Judi Downing Real Estate Properties in Charlotte & Union Co
Keller Williams Realty - Indian Trail, NC

I appericate this information. It does make you stop and think about it!

Aug 30, 2008 09:23 AM
Billy Witwikki
CaliforniaMoneyHelpers - Thousand Oaks, CA

You hit the nail on the head about if after all of that they do not want to work with you. You are right that it would not be a good match.

Aug 30, 2008 09:52 AM
Faina Sechzer
Henderson-Sotheby's International Realty - Princeton, NJ
Real Estate Expert - Princeton, Montgomery ,Hopewell, NJ

Leigh -thanks for checking out my blog.

Mike - thanks.

Jon - interesting. I am sure I am not the only one with these ideas:)

Judy - I e-mail, only if asked. My policy on the blog: no unsolicited contact (no drip e-mail and such). If they asked for something, I answer. After that I e-mail if there is something of value I think they may need to know. If I don't hear back for a while, it ussually means it was a casual inquiry, and my help is not needed. Many agents find this approach not agressive enough:)

Svetlana -sure, there are many reasons why agents are hired, just as there are many successful channels for marketing. Blogging is not better or worth, as long as it works for you. For me it was better then FSBO:)

Aug 30, 2008 11:41 PM
Faina Sechzer
Henderson-Sotheby's International Realty - Princeton, NJ
Real Estate Expert - Princeton, Montgomery ,Hopewell, NJ

Bill -it's almost funny to get business just by being there to answer the call. On a second though, much in life is the old proverbial "right place at the right time":)

Sherry -it depends on what kind of inquiry you received. If someone left their e-mail, because that's the only way to use the search or something else on your system, IMO, it doesn't mean they want you to contact them. My policy : no unsolicited e-mails or calls. If I answer an inquiry and don't hear back, I periodically send another e-mail with something specific for that person. I do not use drip e-mail, because they are too general to address specific person's needs. This is by no way conventional wisdom in real estate. I just do it differently:)

Aug 30, 2008 11:52 PM
Faina Sechzer
Henderson-Sotheby's International Realty - Princeton, NJ
Real Estate Expert - Princeton, Montgomery ,Hopewell, NJ

Not Yet Licensed - shoot me an e-mail, I would help you find someone who would do a good job in SoCal.

Kevin -it's not brain surgery. It's all very simple:) Thanks.

Pamela -thanks for the kind words.

Steve -you are so right about caring. You are also right about pocking on my blog:) Thanks.

Greg- thanks.

Johnathan - you are a man of few words, and big pictures:) BTW, you may want to check community guidelines about this.

Aug 31, 2008 12:03 AM
Faina Sechzer
Henderson-Sotheby's International Realty - Princeton, NJ
Real Estate Expert - Princeton, Montgomery ,Hopewell, NJ

George - from your mouth to G-s ears:) Thanks.

DeAnna - what a great way to think about it.

Jeann - I am not sure how else to get anyones commitment in life and in work, except by making people feel good. In work it mostly translates to delivering what a client wants/expects. Thanks.

Judi -thanks.

Billy - we see it the same way.

Aug 31, 2008 12:12 AM
Fred Chamberlin
Guild Mortgage Co - Oak Harbor WA - Oak Harbor, WA
Oak Harbor/Whidbeynulls, #1 Experienced FHA Mortgage Consultant

Great checklist Faina. I am sure we can all use this type of response.

Aug 31, 2008 03:47 AM
Kay Van Kampen
RE/MAX Broker, RE/MAX - Springfield, MO
RealtorĀ®, Springfield Mo Real Estate

This is a great reminder that all leads are not instant.  Many must incubate and come back again and again.  We must earn their trust, before they decide they want us as their agent.  Great job.

Aug 31, 2008 11:28 AM
Michael Sahlman
www.HomesForVIPs.com - Keller Williams Realty - Miami Beach, FL
e-PRO - Miami Beach Florida Luxury Homes

Great post, especially, for those of us who are not sorting our leads emough.

Sep 01, 2008 03:35 AM
Sonja Adams
Keller Williams Realty - Purcellville, VA

Great post and reminder that even if they find us through google or active rain, its meeting us that determines if the client wants to work with us!

Sep 02, 2008 01:09 AM
Leslie Stewart
Oregon Licensed Broker with Berkshire Hathaway HomeServices Real Estate Professionals - Stayton, OR
Realtor, ABR, CRS, Oregon Licensed Broker

Great information and wonderful reminders. I am going to email this one to the girls!

Sep 02, 2008 01:35 PM
Billie Chubb
Chubb Realty Group - Wilmington, DE

I think the problem with so many people rush to get that lead converted from a lead to a client...

Sep 02, 2008 02:43 PM
Aloysius Donohue
Keller Williams Realty - Ridgewood, NJ
Ridgewood Real Estate

Faina - This is a great post.  I am going to share it with our agents.  We have been working a lot lately on the best methods for following up on website/blog leads.

More importantly, I am always joking around and find humor in everything but for some reason I rarely laugh out loud.  However, your response below to one of the comments here made me laugh out loud tonight.  Cracked me up.

"you are a man of few words, and big pictures:)"

Sep 10, 2008 02:39 PM
Vicki Pedersen
Pedersen Real Estate - Riverside, CA
Providing Exceptional Real Estate Service

Faina,  Thanks for this excellent post.  All your points are so important and I couldn't agree more.  I especially like your tip to 'Educate as you go' - and take the extra time to do this. 

Sep 10, 2008 03:09 PM
Sharon Harris
Keller Williams Keystone Realty - Hanover, PA
Realtor

this is great info here.i like the point about answering the phone. It is really hard for me to get some agents on the phone. it drives me crazy. Can only imagine the client.

Sep 11, 2008 07:42 AM
Anonymous
Kathleen Daniels

Faina - I like your perspective on "prospective clients" versus leads. Good reading - thank you.  You are very gracious - your comment to Johnathan - priceless!  What great personal restraint and professionalism - especially given the option of "delete"   

 

Sep 11, 2008 09:00 AM
#54
Norma J. Elkins
Elite Realty Group - Morristown, TN
Realtor - Elkins Home Selling Team

Thanks for sharing with us!  Great info!

Sep 12, 2008 12:16 AM