A couple of months ago, two engineers dropped by our office to talk about a lead generation program for their consultancy business. "Things are slow," said one of them, "and we might have to lay off some of our staff."

So we asked questions and learned about how they made their money, got an idea of their budget and they went away while we went to work developing a program for them.

I called them a week or so later to set up our next meeting and they asked if we could postpone for a while because they were up to their elbows on a new project that had just come in.

"Sure, we can wait," I said.

I wanted to add "But I don't know if you can" and then ask if he'd ever heard of Howard Ruff.

Howard Ruff was one of the first of those financial self-help authors. At one point, back in the ‘70s, his newsletter "Ruff Times" had 175,000 subscribers. If he still has that many, all those $149 subscriptions bring in about $2,600,000 a year. He had his own syndicated TV show for a while and he's written a lot of books. One of them was on the NYT bestseller list for over two years.

I remember him for one great line he came up with back in 1975. He wrote "It wasn't raining when Noah built the ark."

Maybe now is a great time to start filling your ark (database) with prospects and clients and build relationships with them now. If your pipeline is full when this market turns around...you my dear friends will be ahead of the curve and be making sales quickly.

Marketing your real estate practice is about building friendships. So, begin today.

 
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8 Comments on It is a great time to build your database of prospects and friends.

NOV
13
2008
1 Featured Post

Especially when business is slow, we need to take the time to build our sphere of influence and try to get prospects (sellers and buyers) about working with us when they are ready. ~ Evelyn

8:20am • #1
186,730 Points 27 Featured Posts Outside Blog

My broker hit on this exact theme the other day.  Its easy to get discouraged when things are slow, but the fact is, now is the time to set things in motion and work hard.  Your hard work may not pay off today, but it will tomorrow.  I love the Noah comparison - prepare now for your future.

8:20am • #2
120,292 Points 1 Featured Post

Thanks for the post. Great reminder about how our time and energy should be used in this market. I think it's also important to look for new opportunities to meet prospects such as community service groups that you are not already participating in.

8:22am • #3
227,815 Points 1 Featured Post Outside Blog

Definately need a data base ...thats how I get a lot of my business.

8:23am • #4
Outside Blog

Lois:

Great advice - Your database is the lifeblood of your business - This can seem to be a taunting task, but with so many great software programs available, it is really not as overwhelming as one may think.

8:28am • #5
254,213 Points 9 Featured Posts Localism Sponsor Outside Blog

The end of the year is the perfect time to polish marketing material and organize your database--I reviewed mine yesterday and as a result have a list of touch base calls to make this week.

8:40am • #6
Outside Blog

What a great and timely message.  I have been trying to do exactly that.  I've been spending all this down time contacting past clients, updating my data base and planning my contacts with my sphere for the next 12 months.  It is so much fun talking to clients you haven't talked to in awhile. 

9:10am • #7
NOV
16
2008

This is an excellent message. I really appreciate it.

Gabe

5:59am • #8

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Lois Geller Marketing Trainer/Speaker/Author

Aventura, FL

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Mason and Geller Direct

Office Phone: (646) 723-3231

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Direct Marketing "guru" offers tips and advice for Realtors and Real Estate Pros.


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