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Cold calling is dead? If you could double your results, would you?

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Mortgage and Lending NMLS#1089067

Most people say cold calling is dead, but if you could double your results, would you? At my home, I receive 2-3 postcards a week from realtors asking for a listing. I wonder if they have read the 2014 National Association of Realtors Homebuyer and Seller Generational Trends when creating their marketing plan. According to the report only 2% of the sellers found a realestate agent through direct mail.  

See exhibit 7-1 on page 101 from the 2014 National Association of Realtors Homebuyer and Seller Generational Trends below:

Exhibit 71

According to NAR's statistics, 4% of sellers found their listing agent through direct contact. So you could double your results by personally contacting your prospects via phone or email. Most people dread cold calls- giving or receiving. There is much debate on cold calling in the realestate community, such that it is annoying, time consuming, and riddled with goverment regualtions. Before you decide to pick up the phone, review your marketing plan and national/ local laws. 

If you are a realtor in the North DFW area and would like to brain storm on ways to find more business together contact me (Jimmy Smith NMLS#1089067) at (214) 872-9091 or click on this hyperlink to message me.

Comments(2)

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Rob Marken
Bend River Realty - Bend, OR
25+ years experience in Bend

Interesting stats.  Looking at my own sales this year I have to agree that referrals/past clients are really where the majority of my sales this year are from.  Very interesting.  Thanks for sharing.

Jul 07, 2014 02:04 AM
Jimmy Van Smith
Frisco, TX
Residential Mortgage Loan Originator

Thanks for comment!

Jul 07, 2014 02:29 AM