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Are you afraid of taking risks because of the risk of failure?

By
Services for Real Estate Pros with Malfi Marketing Solutions ~ for real estate professionals

Are you afraid of taking risks because of the risk of failure?

 

Take off the sales hat and wear the service provider hat

Within all our business models, there’s a need to wear a sales hat.  But what if you took off that "sales hat" and instead wore a "service provider hat"? 

Stay with me on this.  Almost every client and prospect you come into contact with has at some point been mislead, misinformed maybe even blatantly lied to.  Maybe they heard idle promises and this left them with a feeling of mistrust of all “sales” people.  I know I encountered this quite a bit when I sold temporary staffing services.

How did I become someone that my clients and prospects could trust?  I stopped selling them to them and simply pointed out real ways I could help them.  I uncovered the pains they were experiencing and helped them find solutions even if it meant that I did not get their business.  I took the "risk" factor away for them and simply offered my knowledge and ideas without expected anything in return.  Risky - you bet.  Just think about the time spent without any guarantee of a possible sale.  But in reality isn't that the chance we all take?  We are never really guaranteed the sale or opportunity simple because a prospect agreed to meet with us. 

So why on earth would I do all that?  Because I become a valuable and trusted resource for them and almost every single client I did this with eventually became a client of mine and one of them was my largest and most profitable account I ever brought in.

The same applies in the real estate business.  You’ve heard it from sellers who were promised the moon and the stars only to have their home not get one offer and they pull it off the market – maybe even try to sell it themselves as a FSBO.  Perhaps you have a prospect you’re meeting with that comes across as very demanding – wanting soup to nuts because they were promised things and they were never delivered from a previous agent.

So how do you go about this?
  1. First know what you’re capable of delivering – don’t make promises you can’t keep
  2. Listen to what your prospect is saying (don't speak)
  3. After they are done - offer a solution that addresses their biggest problem while at the same showcasing how you can be of the greatest benefit to them
  4. Develop a customized plan - talking directly to a prospect about their individual nees - make it personal (for clients this will be more involved)
  5. Monitor and share feedback with prospect/client regularly (check in with prospect to see how things are going - make a call, drop by - you may just have a new client ready to work with you.)
  6. Think outside the box and do something different - each client is unique so make their solution unique.
The key is to find ways to make your clients and prospects feel safe – take away the risk and watch what happens.  I look forward to hearing your results after you adopt this practice because I know it works – I did it.
How do you make your clients and prospects feel "safe" and have you ever had a prospect come back to you based on taking this kind of approach?
In the meantime, enjoy this quick video that I hope inspires you to take more risks and not accept failure as an option.


 

Coming up…Stay tuned for more on Giving Your Clients What They Want & Need: Extra Credit for Showing Your Work

 

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Posted by

If it's not evident to you by now, consumers are very knowledgeable and computer savvy and are using the Internet to not only search for homes but for real estate agents and real estate professionals who they feel are like minded and can lead them to the results they are looking for.  

As we all know, there are only 24 hours in a day to get it all done...are you focusing on the right stuff to grow your business and meet your client's needs? Contact us today to get started!

Ready to take your Marketing to new levels? Anne Marie Malfi ~ Malfi Marketing Solutions.com ~ Copyright 2011

 

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Show All Comments Sort:
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Anne Marie,

I could not wait to push the suggest button! What a great message and I loved the video!! I do believe"Failure is not an option!!"

Feb 03, 2011 01:28 AM
Retired from ActiveRain
Baker, OR

Anne Marie, Good post.  We need to show what our value proposition is for our clients and prospects.  People hire us because the value of our service is greater than the cost.  The same works for when people interview for a job - show the interviewer how you can solve problems and create value.

Feb 03, 2011 01:30 AM
Steve Scheer
Realty Oasis - Metro Brokers - Highlands Ranch, CO
Highlands Ranch Real Estate - Denver Real Estate

This is what is all about.  People want to do business with people they like & trust, they don't want to be sold to.   When you make that connection by doing what you've outlined its natural and a win - win.

Feb 03, 2011 01:34 AM
Rob D. Shepherd
RETIRED - Florence, OR
RETIRED

I too pushed the" suggest button". This needs to be on the front page. It would give us all a boost!

Feb 03, 2011 01:48 AM
Highland Beach Condos David Serle
RE/MAX Services - Highland Beach, FL
Boca Raton Agent David Serle

loved this post.  Thank you for contributing.  I suggested it to be featured.  Risk of failure cannot enter a sales persons thought process or they will be out of the business.  I also say that you cannot want the deal to close more than your customer.

Feb 03, 2011 02:06 AM
Norma Toering Broker for Palos Verdes and Beach Cities
Charlemagne International Properties - Rancho Palos Verdes, CA
Palos Verdes Luxury Homes in L.A.

Good stuff and star worthy for sure.  I've always tried to offer solutions rather than a sales pitch.

Feb 03, 2011 02:26 AM
Nick Vandekar, 610-203-4543
Realty ONE Group Advocates 484-237-2055 - Downingtown, PA
Selling the Main Line & Chester County

Great post and great video, very true, we all fear failing, but we often learn the most through failure. When we succeed we tend to take it for granted, when we fail we re-asses. As our business changes with the increasing use of the internet, we also need to change how we interact with our clients and what we do for them. We are becoming more and more of a service industry, and are more often consultants than anything else. We need to make that shift in our minds as well.

Feb 03, 2011 03:11 AM
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Anne Marie

Great post and viedo. We have to risk failure to grow as a person.

Good luck and success.

Lou Ludiwg

Feb 03, 2011 08:42 AM
Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate

Ann Marie it is good to see you back after being away for so long. Hope you are doing well.

Feb 03, 2011 09:16 AM
Anne Marie Malf
Malfi Marketing Solutions ~ for real estate professionals - Yardley, PA
Real Estate Marketing Consultant/Virtual Asst, Bucks County,PA

Dorie - that is so sweet of you and I agree failure should not be an option - I often find that some of my greatest lessons in life have come from mistakes but it's what I do with what I learned that contributes to my success!

Rick - I couldn't agree with you more.  Our clients are buying and interested in great service and it's all about showing the value.

Steve - I couldn't have said it any better!

Rob - thank you!  I think everyone can use a boost so even if not on the front page :) I hope my faithful readers will stumble upon the post for some motivation - so happy you did.

David - And thank you for stopping by.  I'm with you on that point - we can want it all we want but if they don't and they're not feeling and seeing the value than we have obviously not shown them the WIIFM.

Norma - thank you and yes, it's all about solutions - they can read through a sales pitch and most are flooded with them.

Nick & Trudy - thank you and I completely agree - many shifts need to be made to keep up with the technology yet still have that connection with our customers.  We should all see ourselves as consultants!

Lou - Always nice to have you stop by and so true - I think it's worth the risk!

Bill - Hello my friend - I've been here and there - just not posting as regularly as I would like due to volume of work and committments.  You can always find me though - just have to look - usually pop into FB each day and trying to get better about being here :)  I'm doing great and hope you are as well.

Thanks everyone for the great comments and hope it inspired you to take risks and enjoy the rewards! ~Anne Marie

Feb 05, 2011 01:37 AM
Suzanne Strickler
Realty Mark Associates - Havertown, PA
School is never out for the Successful.

Anne Marie - Getting back to basics is what we need to do after trying innovative solutions that promised much but delivered little. You spelled out the basic steps very well. The video was a fantastic finish.

Feb 25, 2011 02:38 AM
Anonymous
Jones Smith
We custom tailor areport outlining the available office space and subleases that are located within the market you choose, and that fall within the rental budget that you have.
Jan 29, 2014 04:21 PM
#12