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Dig For Leads With A Backhoe Not A Trowel

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Services for Real Estate Pros with RE/MAX Executive Realty - Happily Retired 104763

Prospecting is the backbone of finding business in most sales professions.  Real estate prospecting takes many forms and methods.  My preference, and the one I've always had success with, is direct mail marketing.  There are agents who use the phone or door knock and that works well for them. 

My direct mail has a candid, straightforward message and a call to action.  I don't hold back with the message.  It is frank and has a clear cut statement about what is being offered, a Free Market AnalysisI prospect for listings.  It's prospecting, not farming, for me.  I dig and search and I do find the leads.  Farming is a long process whereby a seed is planted and within a certain period of time, after much cultivation and attention, a lead will surface.  In my mind, that's very time consuming, and that works if you are young and have decades to find business.  I, obviously, do not. 

Some agents use direct mail postcards and newsletters that have a subliminal message.  The feedback that I've heard from those agents is that the newsletters were acknowledged with positive comments, but no one understood the purpose.  There were no phone calls or leads resulting from it.  Obviously, I'm not an advocate of subliminal messages.  If I have something to say, I just say it.  Let the cards fall as they may!!   

The point of this blog is to touch upon the fact that there are many methods of prospecting.  Find the one that works best for you in your area.  Select the one that is comfortable for you to do consistently physically, mentally, emotionally and financially.  Prospecting is not a simple task.  If there were only one or two methods, life in the real estate business would be easy.  Work at it.  It will be time consuming to find the right fit, but once you find it, prospecting will need nothing more than the discipline to continue to do it.

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Barbara Todaro, Great Grandmother to Caleb, Santino, Aiden and Gianni       

Todaro Team - Retired

508-918-9148

               

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Comments(112)

Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

John....my in house marketing dept. gets the names from our MLS public record and puts them in excel for mail merging.....excel is the software they use....

May 10, 2010 05:03 AM
Kathy Opatka
RE/MAX CROSSROADS - Ocean City, MD
Serving Ocean City, MD, & The Delaware Beaches

I,too, love direct mail!  But I also prospect for REFERRALS !  This is very successful!

May 10, 2010 05:06 AM
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Gene....that's right....real estate is local.....

May 10, 2010 05:13 AM
Debra Thornburg
Keller Williams Realty, Atlanta Partners - Cumming, GA

Thanks for the encouragement Barbara! Must turn every stone! Direct mail has worked for me in the past...it almost didn't matter what I sent, just the familiar looking postcard showing up every single month...I figure they probably walked it from the mailbox to the garbage can...but they thought of me at least once a month.  I have let it go and after your post, hmmm, may start up again!  Thanks!

May 10, 2010 05:29 AM
Ty Lacroix
Envelope Real Estate Brokerage Inc - London, ON

Barbara

It's great reading both your comments and those from others and it proves that a consistent, call to action message gets results.

Ty

May 10, 2010 05:33 AM
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Kathy....whatever works best for you is what you should do...

Debra....it's worth starting up again....it's a long term project.....it takes time to kick in....

Ty.....I'm not a subliminal message type person.....

May 10, 2010 06:07 AM
Jirius Isaac
Isaac Real Estate &TriStar Mortgage - Kenmore, WA
Real Estate & loans in Kenmore, WA

this was an interesting read from start to end.  Yes, by all means do something until it stops working, then do something different.  If it ain't broke don't fix it.  And get to the point with a call to action.

May 10, 2010 06:13 AM
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Jirius....we think alike.....I can't believe two people were trying to convince me to change what works and try to make it better.....it works....why change it....because it doesn't conform to a statistic....it makes me money and I'm very happy with those numbers....why screw it up????

May 10, 2010 07:31 AM
Inna Hardison
ha media group - Orlando, FL
Wordpress for Real Estate & Design, Print HaMedia Group

Barbara, if I may, "some statistic" happens to come from a pretty reliable source when it comes to direct mail, the Direct Marketing Association.  They provide annual breakdown of expected returns on direct mail per industry based on diligent research, and these numbers serve as benchmarks for people in the marketing field.  I think that anyone who does their own marketing will be well served to pay attention to those numbers as well.  See, if an advertiser hires a company to do direct mail for them, and the response rates are substantially below the industry average (in this case 2%), then the advertiser will be fully within their rights to assume that something was not up to par, that the campaign was NOT successful.  I understand that you get listings and calls from your mailings now.  My contention, however, is that you should be doing a lot better given the numbers that you mail and the regularity with which you do that. 

May 10, 2010 07:47 AM
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Inna.....for the final time, I fully understand what you are saying....however, I am very happy with the number of listings that my team and I receive monthly from my mailings.....our income is more than healthy and until that begins to change, I'm not changing a thing.....CAPISH??????  now once I start with the Italian, it's over!!!!

May 10, 2010 08:55 AM
Don and Valerie Keeton
RE/MAX The Producers - Omaha, NE
Omaha Real Estate - 402-496-3700

Hi Barbara,

I totally agree with you...  I've always used diect mail for my data base and FSBO's .   I teach my agents that your mailing piece should follow (AIDA).  The mailer should draw Attention, generate Interest, create Desire to read more, and a call to Action.  And most of all WIFM, let them know "What's In it For Me if I do business with you.

Thanks

Don Keeton

RE/MAX The Producers  Omaha Nebr

May 10, 2010 01:01 PM
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Hi Don.....thanks so much for stopping by and commenting.....direct mail has been part of my marketing for over a decade.....faithfully, every month.....as long as the phone continues to ring, I'm not making any changes from what I'm doing now....and my postcards do all of what you listed....thanks again.

May 10, 2010 01:34 PM
Inna Hardison
ha media group - Orlando, FL
Wordpress for Real Estate & Design, Print HaMedia Group

Capisce, Barbara.

May 11, 2010 03:30 PM
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Sorry for the incorrect spelling.....I guess I'll remember that one now!!

May 11, 2010 11:44 PM
Dinah Stallworth-Lewis
Priority Real Estate LLC - 318.332.8281 - Natchitoches, LA
NATCHITOCHES, LA HOMES FOR SALE

Great Post Barbara,

Direct Mailing is worth a try.

May 12, 2010 03:32 PM
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Dinah.....it is definitely worth it.....it may work in your area just as it does in mine.

May 12, 2010 09:24 PM
Wayne B. Pruner
Oregon First - Tigard, OR
Tigard Oregon Homes for Sale, Realtor, GRI

Prospecting is the life blood of this business. Doing the work is easy. Having a steady stream of clients is the hard part.

Jun 09, 2010 06:32 PM
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Wayne.....that's correct and we need to make sure that stream has a steady flow.....

Jun 09, 2010 06:56 PM
Loreena and Michael Yeo
3:16 team REALTY ~ Locally-owned Prosper TX Real Estate Co. - Prosper, TX
Real Estate Agents

Now you're coming on to showing your true self. Not just a Grammy. You go girl. I've been thinking about this since you knocked it into my head. I'm thinking more along the lines of target marketing via social media. I'm still listening and learning though.

I am creating my listing/ buyer's booklet for when they call. One thing at a time. After all, there's only 1 pair of hands.

Jun 12, 2010 03:40 AM
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Consistent marketing.....and one pair of hands are all you need....you'd look funny with two!!!!

Jun 12, 2010 04:06 AM