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New Agents and the "Sphere of Influence"

By
Services for Real Estate Pros with Marte Cliff Copywriting

your sphere of influenceWhen you get a real estate license and hang it with a broker, one of the first things the broker will tell you is to contact your sphere of influence. It's the first step in building a following and a referral base.

You may never have heard that term before, so you might have said “Who??” Well, of course you know by now that your sphere of influence includes all the people you know in any capacity. Maybe even some you don’t really know – such as your Mom’s friends and your children’s playmates’ parents.

 

Your job is to let them all know that you’re now a real estate agent and that, of course, you’d like their business.

So what are you going to say? You certainly don’t want to sound like you’re begging, but if you don’t tell them you can help and they hire some darn stranger you really are going to feel like kicking yourself.

So make an announcement – much the same as you would announce your marriage or the birth of a child. Simply share your happy news with your friends.

You can include the reasons why you chose this career – reasons that will, of course, show your dedication to and fascination with all things real estate. You can also offer your services as their “information source” about the local market.

You can mention the hours you’ve spent viewing homes and studying the listings and sales in order to prepare for your new career. The idea, of course, is to convey the feeling that you’ve been out there learning all you can about your market and you know the latest information.

tell the world you're a realtorI like the phrase “You now have a friend in real estate” – used to convey the idea that they no longer have to take a chance with a stranger who may or may not know the market well and who may or may not be reliable. Your goal is to show them how your new career is a benefit to them.

If you want to make it short and sweet, use the greeting card format. This works well because the shape will entice people to open it. Make it convey your excitement as you embark on your new career, and emphasize the fact that they can call on you any time for information.

You could say “You now have a friend in real estate. So whether you need to buy or sell or just want information about the market, call me!”

Be sure to include your business card in the envelope!

2017 UPDATE: Since this post was written in 2010, I've created a website just for new agents, and have written a letter of introduction that you can take and use. Click here to add this letter to a shopping cart - where you'll find that the letter is free.

Use it as is, or add more information as suggested above. 

Either way - don't delay in letting everyone know you're now their personal real estate resource. 

Once you’ve sent your initial announcement, I believe you should send a monthly, or at least quarterly, newsletter. They may forget about your announcement, so you need to keep reminding them.

When you use the non-aggressive approach of simply conveying information, they will welcome your messages and they will see that you are becoming "the" expert in your chosen niche.

Your newsletter should include a short promo about your services, but more about market conditions and things going on in the neighborhood. You can even include buying or selling tips, or announcements about upcoming events.

OK - get out there and tell the world you're proud of your new career!

Girl with megaphone Image courtesy of stockimages at FreeDigitalPhotos.net

Group of people Image courtesy of ddpavumba at FreeDigitalPhotos.net

 

Comments(11)

David North
Coldwell Banker Bain - Duvall, WA
for a rewarding real estate experience

Right on, Marte.  And when in doubt as to whether or not to add someone to your sphere of influence list when you first start, always err on the side of adding them.  There's nothing to lose and a lot of potential gain.  Great post.

Apr 27, 2010 07:41 PM
Rancho Bernardo
Coldwell Banker Real Estate DRE#01410072 - Rancho Bernardo, CA
Gina@GinaYoungren.com (ABR,e-PRO,SRES) 92127,92128

I agree that the best way to weed out your list is to start with your whole sphere of influence, even those who live outside your area. I can't count how many referrals I got off my original sphere before I settled down into my own client base. That base is constantly changing. Don't be stagnant. Buy cards in the thousand and have a photographer take a great looking photo of you and just pass them out 2 at a time, one for the person you are chatting with and one for someone they know. The sphere actually grows

Apr 27, 2010 08:51 PM
Tom Priester
Paradise Sharks - Jupiter, FL
Paradise Sharks

 

Like any home we sell our business is only as strong as it's foundation. Build that sphere!

Apr 27, 2010 10:41 PM
Robert The Earl of Real Estate
St Pete LUXE Living Group - Saint Petersburg, FL
The Earl of Real Estate

Fundamentals! - great article and great information for new agents to take note of.  Good to stop and do at anytime in your career, but especially at the start.

 

 

Robert Earl

Apr 27, 2010 11:34 PM
Brian Madigan
RE/MAX West Realty Inc., Brokerage (Toronto) - Toronto, ON
LL.B., Broker

Marte,

 

As time goes by, the SOI should increase, and realtors should focus on that group, since that is the easiest area to generate business.

 

Brian

Apr 28, 2010 12:12 AM
Charles Stallions
Charles Stallions Real Estate Services - Pensacola, FL
850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.

Lot of good discussion on both sides of this coin today. But my advice would be unless they truly are your friend don't pretend to be. It is a business relationship and a lot of times that is better than a friendship.

Apr 28, 2010 12:25 AM
Anna "Banana" Kruchten
HomeSmart Real Estate - Phoenix, AZ
602-380-4886

Marty I just had a sales meeting today teaching them about SOI - I will be sure to pass your post FULL of good info onto my agents.  Thanks!

Apr 28, 2010 12:49 PM
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
Your real estate writer

I wonder if this will work today... have tried a few times to thank everyone for commenting and to comment back.

It sure feel strange when Active Rain doesn't work!

 

May 03, 2010 05:07 PM
Loreena and Michael Yeo
3:16 team REALTY ~ Locally-owned Prosper TX Real Estate Co. - Prosper, TX
Real Estate Agents

I've incorporate "why I decided to become full-time" in one of my Christmas letters. I realized that people love to read stories and I am an awesome story teller. I'm not sure if I specifically mentioned about the "benefits" but they sure enjoyed how I connected with them on an emotional level.

May 09, 2010 11:53 PM
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
Your real estate writer

Hi Loreena - You're right, people do love to see that you're a real person with dreams and goals and feelings. Since so many people are guarded about letting others know who they really are, letting them see that side of you makes them feel that they are special in your eyes.

Next you can write and tell them why you're happy that you made the choice.

All the best,

Marte

May 10, 2010 06:20 AM