Ask An Ambassador: Spinning Your Wheel?

By
Real Estate Agent with RE/MAX Alliance 513.520.5305 www.LizTour.com SAL.2002007747

Ring...ring.... glances at phone...out of state area code with Potential Spam label.

Let's spin the wheel and see if I get lucky.  Answers phone anyway (because once in a great while the prelabeled Potential Spam isn't spam).

"This is Janine with (fill in company name).  Do you have anyone managing your social media?"

Politely exit stage left.

I know what works for me, and in my case it's NOT paying someone to put up social media content that I don't produce.

Fact is, for the most part, social media isn't really my thing.

I'm not a tik tokker, a 'grammer or pretty much any other social media outlet. 

I have a Facebook business page (stagnant).

Haven't touched our Pinterest pages in a few years.

Why not?

Because I understand what works best for my personality and my target market.

I keep an Excel workbook with tabs for each year that details the source of each closing.

Blog post?

IDX page?

Past client for repeat business?

Referral from another agent?

Understanding what works for us (and keeping an eye out for market shifts) helps me know where to focus the limited time I have.

Blog about THIS, not THAT.  And a LOT of THIS if it works!

Create IDX search pages.  Long tail works.

Add reviews to My Google Business Page and our free Zillow profile.

Sprinkle in the fundamentals (answer the phone, respond to emails) and we hit our target goals.  We're not trying to be the #1 team in our market, but I'm not going to have our CPA asking me "are you SURE this isn't a hobby?" either.

So do you understand where YOUR business comes from or are you spinning your wheels?

Sphere?

Direct mail?

Internet?

Lead gen companies?

The more you understand, the better you can focus your efforts to get the results you want.

What works for me may not work for you, and vice versa.

Maybe blogging needs to be a part of your strategy, or maybe it doesn't.

For me, what I don't do is just as critical as what I do.  I stopped doing certain activities because they weren't productive (e.g. writing about foreclosures got me calls from people wanting to go to sheriff's sales, and that's a no-pay transaction.  FULL STOP).

Until next Tuesday, just Ask An Ambassador if you need help.

Bill & Liz aka BLiz

Posted by

Serving Warren County Ohio & Adjacent Areas

 

The Liz Spear Team of RE/MAX Alliance
Elizabeth Spear, ABR, CRS, Ohio License SAL.2002007747

William (Bill) Spear, CRS, Ohio License SAL.2004011109  Kentucky 77938
Ask for us by name if you visit the office!

EHO Two locations: Lebanon & Mason, OH
Bill Direct:  513-520-5305
Liz Direct: 513-265-3004     
Fax: 866-302-8418

MailTo:  Liz@LizSpear.com

Search Homes:  Https://WarrenCountyOhioRealEstate.com

Our Website:  www.LizTour.com

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OUR PRIMARY SERVICE AREA:


Comments (17)

Wendy Rulnick
Rulnick Realty, Inc. - Destin, FL
"It's Wendy... It's Sold!"

Liz and Bill Spear Your key takeaway to me was "what you don't do" - your choice! And honestly stating that certain things are not "your thing"!! Good advice, in work and life.

Oct 26, 2021 12:09 PM
Liz and Bill Spear

I'm an introvert.   I can be with people, be friendly, but when I get home...oooofffff....the exhaustion sets in.  So socializing for lead gen?  That wouldn't be good for me.
We used to get some business from direct mail, but the time & cost it took to produce the content just wasn't a good ROI, so we stopped.

Blogging and IDX pages on our website are relatively cheap.  My Google is free.  Zillow profile is free.  And that collection does the job for me.  I'll continue to clock about 15-2o+ transactions a year while still being full time engineer.

Oct 26, 2021 12:45 PM
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Liz and Bill Spear  I receive those calls and emails galore . I do have Facebook page Google business and the like I like doing my own content whether these people like my content or not is unimportant to me .

Oct 26, 2021 12:36 PM
Liz and Bill Spear

For me it just comes down to time and what works for me.  I know for some Facebook is great.  I did get one purchase client a few years back from it, but mostly people find our blog and Wordpress IDX pages.

Oct 26, 2021 12:46 PM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Liz and Bill,

Like everyone else, we get these call.  The latest are people who want to write blog posts for us for a fee, of course...or they want to contribute a blog post which has no value to us.  Then they get mad at us, and tell us that we are missing on a great opportunity...so it goes. LOL A

Oct 26, 2021 01:08 PM
Liz and Bill Spear

I try to be polite, but brief.  I'm not buying, so best to move on to your next call.   And if they persist, then there's always CLICK and then Block of the number.

Oct 26, 2021 03:45 PM
Anna Banana Kruchten CRS, CRB, Phoenix Broker
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

This is really good advice. Do what works best for you, what fits your style and personality. If more agents would follow your advice they'd be much better off and a whole lot happier doing what works and what they enjoy doing.

As for calls, I've been able to drastically cut down the number that come in by silencing all numbers that aren't in my data base. And I am so SO happy about this shift as I was being unindated with massive amounts of calls every single day.  I have my life back!  My folks know to text me or leave a voice mail if they need me.  And those spammers....they get blocked from getting through at all.

Oct 26, 2021 02:25 PM
Liz and Bill Spear

I get a fair number of the spam calls, but I'm on the other end of the spectrum from your sphere based business.  Our niche leads to a lot of one transaction deals.

Oct 26, 2021 03:47 PM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, eXp Realty - Kalispell, MT
Helping your Montana dreams take root

We all should do what works for us, our life and for our business.

And by the way, the calls I've been getting daily now? Tons of them about an application I supposedly filled out for health insurance (I did not) and just a few that start "I'm looking at your FB Business page, are you managing it yourself?" Argh.

Oct 26, 2021 03:33 PM
Liz and Bill Spear

I get a lot of the health insurance texts (no thanks, well covered from my engineering job), and of course the agent to agent recruiting texts sent out en masse.  And the number of calls wanting to take care of our websites, our FB page, etc.?  Can't even count those.

Oct 26, 2021 03:48 PM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

You have a great system of knowing the source of your clients. And this is an important statement.

"For me, what I don't do is just as critical as what I do." 

Oct 26, 2021 07:33 PM
Liz and Bill Spear

I learned certain approaches (at least for me) resulted in phone calls that I didn't want, so I shifted.  Before I write about a particular subdivision, one of the questions to answer is if I'd want to do business there?  If the answer is no for whatever reason, I'm not going to advertise to get clients in that segment.

Oct 27, 2021 05:40 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Bill:

Yep, get plenty of those calls, and I do not answer. But I answer other calls, even those names I do not know...good thing as I got another referral today when a name popped up that I did not know from out of the area.

I track all my transactions and know where they came from. I didn't always do that but the valueof doing so became obvious. It sure helps to know what's working and what is not.

Jeff

Oct 26, 2021 08:02 PM
Liz and Bill Spear

The nice thing about having so many blog posts out there is we're easier to find for agent to agent referrals.  The overall web presence is much better than it was a decade ago.

Oct 27, 2021 05:41 AM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

I always like to try to know what I'm getting into before I start spinning my wheels—especially to not go the route of  roulette.

Oct 26, 2021 09:35 PM
Liz and Bill Spear

I suspect most agents at the beginning of their career have little idea of what they're actually getting into.  The quicker they figure it out the better their chance of sticking around.

Oct 27, 2021 05:42 AM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Bill(and Liz too) - many people(could it be that real estate agents are an especially vulnerable segment of the population?) are attempting to win while playing the Wheel of Fortune.   Finding what works best for you is the real prize.  

Oct 27, 2021 03:24 AM
Liz and Bill Spear

I'm finding there aren't many quick fixes in this business.  Methodical works for me.  It may take time to pay off, but it does pay off.

Oct 27, 2021 05:43 AM
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I love that calls are now labeled as potential spam and I NEVER answer those calls, haha.  I figure if they are legit they will leave a message.

Oct 27, 2021 05:14 AM
Liz and Bill Spear

There are a couple of legit companies I work with that come in labeled spam.  Perhaps it's due to the number of overall calls they make.  I figure worst case I'm on the phone for 60 seconds because true intent is usually revealed pretty quickly based on their script.

Oct 27, 2021 05:45 AM
Alan May
Jameson Sotheby's International Realty - Evanston, IL
A moving experience!
I answer all incoming calls. You just never know. It takes all of a few seconds to just hang up. I’m nowhere near as organized as you, but i have a “seat of the pants” idea of what works for me… and i adhere to those things religiously.
Oct 27, 2021 06:57 AM
Liz and Bill Spear

That's basically my approach.  An unwanted phone call will be apparent very quickly.  At worst I'm out a minute or two of my time.  I'll add to BLOCK list and go back to what I was doing.

Oct 27, 2021 08:14 AM
Erik Hiss
Keller Williams Capital Partners Realty - Worthington, OH
You can trust me for all your real estate needs!

Super helpful, thank you for making us think about that.

Oct 27, 2021 08:54 AM
Liz and Bill Spear

You're welcome!

Oct 27, 2021 11:40 AM
Chad Felter
Virginia Beach, VA
Providing service through out Hampton Roads

I like this post because it is not really about "spinning the wheel of success" to see if you get lucky. It is what I say all the time to people who ask me to do something out of my niche or line of expertise, which I got from my old boss who would say "don't spin your wheels!" or in other words go with what you know. Otherwise you become mired in an activity that uses up your time but produces no actual income or takes to long to accomplish that there is no money in it to be made.

Oct 28, 2021 04:34 AM
Liz and Bill Spear

Exactly.  I dropped foreclosure information posts because it was leading to no business.  I REALLY don't like short sales, so I won't post about those.  I'm not an investor's agent, so that's off limits too.  My preference are home buyers and sellers that need help with their "regular" residential home needs.  If they're in our low maintenance housing niche, even better.

Oct 28, 2021 06:16 AM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

My business does come from my sphere and the bankruptcy lawyers  that send me their short sale clients

Oct 28, 2021 07:12 AM
Liz and Bill Spear

Ed, you can have my share of short sales!!

Oct 28, 2021 10:47 AM
Jim Harper
Atlanta Communities Real Estate - Marietta, GA

Fundamentals (answer the phone, respond to emails)

Oct 28, 2021 07:48 AM
Liz and Bill Spear

Amazing how much basic communication can get you.

Oct 28, 2021 10:48 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thank you very much for sharing your experience and your advice. 

I am one of those who has made many prospecting errors.

Happy Halloween!

Oct 31, 2021 10:36 AM