Secrets To 11% Online Real Estate Lead Conversion

By
Real Estate Broker/Owner with Royal Lepage Kelowna

We all know online leads are supposed to be the latest and greatest thing in real estate but they can be fairly expensive and the national average conversion rate is only about 1.5% but what if you could convert your online leads at a rate of 11%?

Would you do what it takes and start crushing it online as an agent? Sadly most agents would say "it is too much work, online leads suck and real estate sucks and I am sure there is something out there better than an 11% conversion rate for me thanks very much!"

This week I want to share some of the ways you can increase online lead conversion and reach a double digit conversion rate... so let’s do this!

We all know the most important rule to online lead conversion is speed to lead (under 5 minutes response time)! The first agent is usually the agent that wins the leads business when they are ready to raise their hand to do business. Just as important as the speed to lead rule is your ability to personalize and show your own personality in your online lead responses so they can begin to feel like you’re an agent they can trust, like and do business with and not just a salesperson!

So how do you show your personality and personal touch in lead response?

Video is now the online lead conversion secret weapon. 86% of communication is non-verbal ( tone, eye contact, body language, voice inflection ) video allows us to communicate all of that! Your initial contacts are now 30 second video texts, 30 second video emails and a personal phone call, all three in under five minutes.

  1. Make the message personal by holding a small white board with the clients name written on it in your hand in the video first.
  2. Then the next contact hold the small white board with the name of the area they are looking for property written on it.
  3. Then the next contact have your website domain name written on it and tell them what they will find on your website that is unique to other sites.
  4. Quick follow up message to make sure they are getting all your messages. Plans changed?
  5. Send a list of your top picks of homes based on their initial search enquiry.
  6. Send them recent new listings and sales in what they told you they are searching for.
  7. Let them know about your informed home buyer plan and how they can save time, money and stress.
  8. Let them know how you have access to homes for sale that are not on the MLS
  9. Let them know how you can beat other buyers to new listings
  10. Let them know you have solutions for their common buyer challenges
  11. Let them know what you have they cannot get online (service providers, schools, trades, local amenities etc.)
  12. Let them see other photos of the listing they enquire on that are not on the listing
  13. Let them know your value proposition like finding a home vs. waiting for it to come on market, new listing e-lerts, saved searches, transaction coordinator.
  14. Send them market Snap shot stats

One of my favorite tips is using the app Calendly. https://calendly.com/ Whenever you get an enquiry about a listing you can respond using Calendly which will pop up and allow the prospect to book a viewing appointment with you for the listing they enquired on. Calendly syncs with your own calendar and knows to only offer times for viewings to the online lead when your own calendar is open. So Cool!!

Another great tool is using bit.ly to convert an email into a bit.ly link https://bitly.com/ and then be able to embed that email using bit.ly into a text back to your online lead prospect. It wows the prospect, makes the text pop, allows you to track their activity and saves your texting thumbs from cramping up on you!

Follow the universal online lead conversion script LPMAMA. Take the time to keep the prospect on the line as long as possible to build rapport and trust with this script!

L – Location, all the areas they are considering and you might suggest

P – Price, being able to determine their floor, ceiling and comfort zone prices

M – Motivation, Why? Pain or pleasure? When?

A – Assume you don’t have an agent because you are out doing this on your own?

M – Mortgage, All cash or will you be requiring financing? With who?

A – Appointment, L.G.T. Let’s get together

I hope some of these tips and tricks will help with your ongoing battle with online lead generation and help you take your conversion to the double digit level and create a boost in your business this first quarter of 2019!

Strength and courage,
Wade

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real estate marketing tips
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Rainmaker
3,983,819
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

For me it starts with a personal phone call.  Once I can tlk with them the rate is near 75%

Jan 09, 2019 02:34 PM #1
Rainmaker
66,430
Maya Garg * ASP/ASA/ABR/CNE/
Royal Lepage Signature Realty,Mississauga, Ontario - Mississauga, ON
Moving you Forward.... Buyers, Sellers, Investors

Great advise. Thanks

Jan 09, 2019 06:04 PM #2
Rainer
290,171
Ron Aguilar
Continental Mortgage - Saint George, UT
Mortgage & Real Estate Advisor since 1995

Excellent post, thanks for your time and effort.

Jan 10, 2019 07:23 AM #3
Rainmaker
388,313
M.C. Dwyer
Century 21 Showcase REALTORs - Felton, CA
MC Dwyer-Santa Cruz Mountains Property Specialist

Congratulations on getting your post featured.     If an agent were to do everything you suggest, their conversion rate would surely be higher than average.    Some great tips and tools mentioned - thank you!

Jan 14, 2019 10:03 AM #4
Rainmaker
988,306
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Excellent information.  Video is key as long as agents make it interesting. I watched one where the agent was walking downa hallway and all I could see was the wall as she walked - not good.  Being first and differentiating yourself is key!

Jan 14, 2019 06:12 PM #5
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Rainmaker
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Wade Webb

Real Estate Coach - Agentsboost
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