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Agents - How to Get Business in ANY Economy!

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Services for Real Estate Pros with Behind Every Agent

As a Virtual Assistant for the past 6 years, I believe that the philosophies about getting business do not change with the changing of the housing market or the state of the economy.  We all know the basic prinicples involved, but what happens is that during a period of prosperity agents get away from the fundamentals.

Some agents are making a good living, right?  Some homes are still selling, some buyers are getting approved for loans and buying.  So how do you GET that business that is out there?

Put your down time into the basic building blocks of prospecting and referral building.  If you aren't computer savvy, if you aren't organized, LEARN to be or HIRE someone to implement a plan for you.  What plan?  ANY plan that you will stick to! (See my post The ONLY sphere of influence plan that works!)

If your marketing budget isn't what it used to be, consider this: you can learn, inexpensively, to implement a good plan yourself, or you can consult with a virtual assistant to create a plan that fits your budget.  Consistency will be the key that gets results, not cost.

Remember the basics?

Website                                                                                                                                                                               

Is your website up to date?  Is there relevant information that shows potential clients you are an experienced expert in some area or areas that will make them want to choose you?

Leads

If you're getting leads, do you follow-up?  You have GOT to devote a portion of each day to checking leads and offering some kind of PERSONAL follow up.  If you're not getting leads, maybe you need to blog more on Active Rain!

Listings

Listings need an attention grabbing description, virtual tour, and heavy Internet advertising.  The Internet advertising, much like an Open House, makes the client happy while benefitting the Realtor with increased exposure.

Keep in Touch Plans

Do you have Keep in Touch Plans?  Are they being implemented?  You need to keep in touch with areas you are farming or prospecting with direct mail or card campaigns and newsletters.  You need to keep in touch with past clients so they will use you again and so that they will REFER you. 

                               If you are a real people-person, POP BYs are a great idea!  There are
                               seasonal pop by ideas for any budget, and many of them are discussed
                               right here on Active Rain.

Do you favor EXPIRED plans or FSBO plans?

If so, great!  But it's like the lottery, you gotta be in it to win it!  If you bought some expensive plan with a timeline and letters or emails that you can customize, put it to use!  It's not making you any money sitting in a binder on a shelf somewhere!

I hope this motivated some of you to get back to basics, to devote a part of each day to remaining consistent to this part of the job.  I'd be happy to help anyone with any advice I can, and I hope agents will comment about any ideas that are working for their business right now.

Comments(9)

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Richard Dolbeare
Inactive - Wailuku, HI
Living the Hawaii Lifestyle

More good points to add to those picked up from today's Somers post.  Thanks!

Oct 05, 2008 08:22 AM
The Somers Team
The Somers Team at KW Philadelphia - Philadelphia, PA
Delivering Real Estate Happiness

Elena,

Excellent post - great thoughts and ideas.  Most realtors certainly need to get back to basics or just be refreshed on what works, be proactive and get out there !  I like the way you think :)  ~ Chris

Oct 05, 2008 08:23 AM
James Engel
Keller Williams Realty Beverly Hills - Beverly Hills, CA
KW Beverly Hills

Very nice post and good luck assisting us in such a crazy market. Hopefully we have left some of the worst behind

Oct 05, 2008 08:29 AM
Elena Malfi
Behind Every Agent - Burlington Township, NJ

Thanks, everyone, glad you liked it! 

Chris, Re/Max agents have it so good - Lead Street offers so many ways to personalize and keep in touch with leads!

Oct 05, 2008 08:30 AM
Bobby Stevens
Windermere Real Estate/Lane County - Eugene, OR
Realtor, Eugene, Oregon

Thanks for the reminders and inspiration. I use all the techniques you mention, but I find it most challenging to stick with them when they pay off!

It keeps coming back to time management and discipline. Perhaps it's time for a virtual assistant! ;-)

Oct 05, 2008 08:33 AM
Bob Anderson
Remax Jazz Inc. - Oshawa, ON

Oh Yes.  Back to Basics.  Funny how that seems to work in any market.  Although the basics do change somewhat over time. 

For me, getting back in touch with my sphere of influence and past clients always makes the phone ring. 

Thanks for the inspiration.

Oct 05, 2008 08:44 AM
Bart Whitmore
Keller Williams- Louisville - Louisville, KY
Real Estate Agent

You bring up some very good points, back to basics, get off your rear end and do somthing. Its like fishing the more lines you have in the water the better chance of catching something---Bart

Oct 05, 2008 11:50 AM
Chuck Willman
Chuck Willman - Alpine, UT
NewHouseUtah.com

For me- the "stay in touch" plan is essential. It's amazing how easily a person can go from potential client to you, to cold lead to warm lead for someone else. An update approach- checking in from time to time is crucial to keep the business flow going.

Oct 07, 2008 07:09 AM
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Coldwell Banker Realty

Lead generation is the fuel for the engine and Sphere of Influence is a key ingredient in the fuel.

Dec 01, 2010 02:28 AM