RECR's Blog

I decided I needed to get a new pair of shoes.  The ones that I have are a couple years old and, quite frankly, a bit worn out.  So, I decided to head to the local ShoeEmporiumMart and get myself some shoes.  I knew exactly what I wanted...and in what section of the store to find it.  As I entered the store, I saw a couple customers browsing and 3 sales attendants by the cash register. 

As I stroll past them, one of them says, "Hi. I will be right with you."  Assuming she was discussing something important and required time to finish her discussion, I went on my own. 

Fine with me...I know what I want anyway.  I head over to the shoes I want and the specific shoe I am after is not on the shelf.  So, I hunt around for a couple minutes only to figure out that there is absolutely no rhyme or reason as to how these shoes are shelved...and decide I would "hunt down" that kind lady that said she would help me. 

After a minute or two of looking, I find her at the counter again chatting with the other two sales reps about her obviously too intense weekend of drunken debauchery.  I ask her if she knew where I could find my New Balance 820s in a 4E...and without even skipping a beat, she says to me and I quote...."I said I would be with you in a minute". 

I don't think I have to tell you what happened next.  Suffice it to say that I got my shoes from FootLocker instead. 

You see...like this example, some aspects of your sales ability are painfully obvious to your customers.  But, some of them are much more subtle than this example...Subtle enough that you probably don't even know that you are doing them.  But, your clients know.  Believe me! 

So, here are some ‘subtle' and some not-so-subtle ways that you literally destroy your relationship with your clients.

Be inaccessible.  One the primary complaints I receive from the clients I refer to agents is that the agent is hard to reach.  Heck, one of the major complaints I hear from other agents is that some agents are hard to reach.  Don't answer your phone.  And, when someone takes the time to leave a message, don't worry about calling back.  After all, if they want to reach you so bad, they will just call back, right? 

Talk more/listen less.  Youre the important one here.  Youre the expert.  What they have to say is not important at all because you have all the answers.

Be dishonest.  Nothing will turn off a client more than being dishonest.  The phrase ‘a web of lies' implies that it takes a lie to cover up a lie.  And another one to cover up that one and so on. 

Ignore simple manners.  Whether you like it or not, your manners matter to your clients.  Go ahead...keep your clients on hold.  Talk on your cell phone about nothing that relates to your clients that are standing right in front of you.  Use profanity and disrespectful language around your clients.  Say something negative about another client in the presence of one of your clients.  Go ahead...it's the truth, right?

Take "No" for an answer.  That's right...just give up.  Automatically assume that the client will never work out because you heard the word ‘No' the first time you contacted them.  After all, only the "serious" customers that are ready to go right now are worth your time.

Don't get to know your customers.  Ignore the important things in their lives.  Don't worry about birthdays or anniversaries.  Forget that they have 4 dogs they treat like children.  Ignore the fact that the ugly vase on the mantle is actually Great Grandpa George.  Don't get to know them on a personal level...its not required anyway.  After all, they are just walking dollar signs, right?

I would bet that 98% of the people that read this will already know why you shouldn't do these things and come up with the next logical step in this conversation: Well, what should I do instead?

Simple. 

BE ACCESSABLE!  Answer your phone whenever possible.  Reply to all messages and email within a maximum of 6 hours.  Make sure that your clients understand that you are there for them and that you appreciate the fact that they trusted you enough to want to contact you.

LISTEN!  You were given two ears and only one mouth.  That means you should listen twice as much as you talk.  Take the time to listen to your clients.  What they have to say is important to them.  Therefore, it MUST be important to you.  Ignore your rehearsed responses to standard objections and tailor them to fit the specific needs of your client's concerns.  Make them feel important...because they are!

BE HONEST!  Be honest to a fault, if need be.  In this market, clients need an advocate that is out for THEM not THEMSELVES.  Say what you mean.  Don't beat around the bush about facts that need to be said.  Even if what is needed is a smackdown...it would be better for you to do it and be honest about it than to be deceitful and then get caught in the lie later on.  You have one shot to build trust...don't blow it.

USE YOUR MANNERS!  For sales people that want to reach the top rung of the ladder, there is no substitute for patience, civility, and good old fashioned manners.  Say ‘please'.  Say ‘thank you'.  Make eye contact with people when they are speaking to you.  Open doors for people.  It sounds silly, but these things are not just marketing gimmicks designed to make a client happy.  They are the tried and true marks of good character.

FOLLOW UP!  Whether you want to believe it or not, sometimes "no" means "not right now".  I see this every day with my company.  Agents simply give up after the initial contact with a potential customer because they were told "no".  It has been proven time and again that it takes seven points of contact for a consumer to remember who you are and why you are trying to contact them.  So, it is up to you to ensure that happens.  Call your prospects.  Email your prospects.  Work your leads.  Don't just give up initially because you didn't get the answer you wanted on the initial request.  Sales isn't a McDonald's drive-thru.  You might have to ask more than once...or twice...or eight times.  I work with an agent currently that just landed an exclusive agency agreement on 35 properties because she followed up on a referral from my company that screamed at her on her initial phone call.  (If you want to hear the whole story, contact me...be happy to share.)

KNOW YOUR PEOPLE!  Notice I didn't use the word ‘client'.  I have said time and time again that this is a people business.  You deal with people.  And, they should be treated as such.  Get to know them on a personal level.  Use that to your advantage.  Remember their kids' names; their dog's name.  Ask about the things in their life that are important to them and make them important to you as well.  By the same token, allow them to get to know you.  Developing a rapport and trust is mutual.  It has always been true, you must be able to give before you are proven worthy to receive.  That rule holds true here also.

It is a hard and fast rule of business that it costs six times more money or time to cultivate a new client as it does to retain a current one.  And, in this market, I would bet it costs even more.  Extraordinary customer service skills will only lead to successful retention of your clientele.  And that will ensure that your sales career will never die.

If you would like more information on Real Estate Client Referrals www.recr.com, please contact Clint at 800-977-7058 or on Twitter at www.twitter.com/recr. 

I have been involved in sales for the better part of 20+ years.  I've sold everything from advertising to insurance and have set sales records in the process.  But, I never really tried to sell anything.  What I tried to do was show people that what I had to offer to them was of value and explain to them how it can help them.  And, that style hasn't let me down even today.

So, it goes without saying that the one thing that I have always disliked about sales is the standard "hard-sell" style.  You know...that pushy, in your face, unrelenting style that basically causes people to cave in out of either fear or out of wanting the barrage to end.  The buying parties are usually left with a sense of "being dupped" or just angry about they way that they were treated throughout the buying process.  This usually results in the  burning of any bridge that could be used for future sales either by the sales rep or any sales rep from the same company or industry.  This would also eliminate any potential chance of getting a referral or testimonial from that customer. (Have you ever bought something from someone that you didn't like??  If you did, you questioned the purchase when you were done, didn't you.  That's what I'm talking about here.)

Having said that, below is a list of 6 things that anyone can do to adjust themselves from a hard-sell approach to a soft-sell approach.  This transition can be done by anyone and should be done by everyone that is serious about trying to survive in this industry. 

1. Take a look at the old concepts of marketing - What images do you conjure up when you think about marketing?  Do you think of the pushy ‘used car salesman'?  Or, does your mind flash through the last telemarketing call you took during dinner?  If this is what you think of when you think of marketing, then you probably shouldn't be doing your own marketing.  Hire a virtual assistant to develop some things for you that are current and fresh.  Take advantage of the resources out there that are designed to help you succeed rather than floundering on your own.
   
   
2. Don't equate marketing as "sales" - Most people that attempt to market themselves are scared as to whether or not they will succeed or fail.  The worst thing that can happen to you is to start equating marketing as sales.  Marketing is merely an attempt to differentiate yourself from others in the same industry.  When done right, your clientele will increase, your "advertising" expenditures will decrease, and your profit margin will reflect your efforts in a positive manner.  But, this may take time.  So, be patient.  (Marketing is not advertising!  "Marketing" is differentiating yourself from others in the same field.  Sometimes it is costs money...sometimes, it is free.  "Advertising" is the cost of boring or ineffective marketing and it always costs money.)
   
   
3. Don't think you are taking from others when giving of yourself - I have worked for years helping agents get more clients and it amazes me that most people think they are taking from someone when they are actually offering of themselves.  Instead of thinking about taking from prospects, think of it as giving your prospects reasons to work with you.  Provide your prospects with the information they require and use this information as a "give and take" to get more information from them. 
   
   
4. Develop an "elevator" speech - An "elevator speech" is a short, memorized response that you should deliver whenever someone asks you what it is you do for a living.  I prefer to answer that question with a question.  For example, instead of saying, "I am a real estate agent.", you should say, "You know that stressed-out feeling people always get when they buy a home? My job is to help them to relax and enjoy the process."  This type of tactical response will automatically cause the other person to inquire more about what it is you do and possibly how you can help them.  That is your green light.
   
   
5. Ask permission to continue - If you are making a cold call, get permission to continue.  It will make the person on the other end of the phone feel like their time is respected.  However, in the process of this, don't commit to any time frame.  If they do have time to talk...make your points short, concise, and understandable.  If they do not have time to talk, attempt to schedule a follow up phone call.
   
   
6. Give info to get it - I touched on this a bit earlier.  Always give of yourself first before you start to require information from your clients.  Focus on your ability to assist them with whatever they may need.  Use this to help establish a rapport with your client...one based on trust.  This will make them far more likely to work with you.  This included your marketing efforts, your website, emails, anything that is designed to be a contact point between you and your prospects.  This level of vulnerability will instill trust in others and a desire to want to work with you.

If you are in real estate, you are in a service based industry.  The old ways of the "hard sell" approach used by sales people of the past are dead and gone.  Your focus should be on service.  Market yourself properly and assist those that need your help.  Provide the information required in order to develop trust between yourself and your prospects.  And use that to help move your clients forward into a more comfortable and much more pleasing buying experience.  Your clients will appreciate it.

If you would like more information about Real Estate Client Referrals and how we can help you make more money, please contact Clint at 800-977-7058.  Or, follow me on Twitter at www.twitter.com/recr. 

Occassionally, I get feedback from agents that use Real Estate Client Referrals as an assistance method to thier current marketing.  Yesterday was no exception. 

As I made my way to my eventual goal of INBOX 0 (and no, I dont think I will ever hit it...) I came across an email from my good friend and Real Estate Client Referrals agent (and fellow ActiveRain blogger extraordinaire), Matt Stigliano.  I have known Matt for some time now and had numerous conversations with him prior to him becoming involved with Real Estate Client Referrals.  He and I have maintained a relationship that has moved beyond personal and professional respect to inlude actual friendship.  So, eager to hear how he is doing, I open the email to read this:

"I have to say, I'm a skeptic at heart - when anyone promises me more business, I usually laugh and politely tell them "thanks but no thanks."

I had heard of Real Estate Client Referrals through various websites I frequent, but wound up talking to Clint Miller one day. We spoke at length and I never got any sort of hard sell, we were just chatting about business. When I asked questions, I got answers. Good solid answers with no run around attached to them. After thinking it over for a few days, I decided to take a shot at it.

Since then, I've received a pretty regular stream of referrals. Since the referrals have already had contact with someone at RECR, they know I'm going to be calling and most have been very easy to speak to. The ice has already been broken and they are receptive to what I have to say. Since they've already been checked out, I don't have to try calling "Mickey Mouse" for three weeks at 867-5309.

The best part about RECR is that you can "dispute a referral." Been trying to contact someone and getting nowhere? Just tell your contact and they work to replace the referral with another one in your account.

If a referral isn't working out, you're not chasing your tail all day trying to draw blood from a stone. Because they give you full contact info, you can call, write, or email the referrals too, something most companies I've seen don't offer (they give you email and maybe a phone number) and you already know the basics of what they're looking for.  You just need to contact them and start building the trust and relationship (RECR can't do everything for you).

With the Gold and Platinum packages you get a guaranteed number of closings - How can you go wrong with that logic? Close on a $100,000 house at 3% and you've made a profit already. And because you're the only agent in a given area, you're not fighting other agents for the same referrals.

I know there's plenty of skeptics in this world, as I said, I'm one of them. I'd be more than happy to answer your doubts if you'd like. I am a firm believer that if something's worth it, I want other agents to know."

Matt Stigliano, Realtor®
Exit Realty North - San Antonio
matt@RErockstar.com

Real Estate Client Referrals is not like those other lead generation companies out there. If you have questions, please contact me at 800-977-7058, or email me at clintmiller@recr.com.  Or, if you prefer, you can follow me on Twitter at www.twitter.com/recr.

So, you want to make more money in real estate sales, huh?  Well...I'm fairly certain you aren't the only one.  I think we all do.  And here are 5 ways to help:

• Do something NOW! - Too often, agents lull themselves into this false sense of reality that preparing to do something is the same thing as actually doing something.  Endless attempts at coming up with a plan, meetings, conference calls, strategic alliances with others in their market, etc are nothing more than a waste of energy, time, and brain matter unless you actually ACT ON THEM!  You must do something productive that will lead you to a commission...and you MUST DO IT NOW!  And, while you are doing that, have a reward in mind that you can get when you do get your reward from doing something.  Quit wasting your breath by saying that you are "doing what you love" or "following your passion".  Let's be honest for a second...does anyone really LOVE selling real estate?  I mean, honestly...Don't you use the money you make from your job as the fuel for the fire of your true passion?  I know I do! I don't love my job...In fact, there are days I hope my building gets hit with a thermo-nuclear weapon.  But, I REQUIRE my job to allow me to fulfill what I truly am passionate about...No one ever laid on their deathbed and said, "I just wish I could stay one more day at my desk at that job I loved so much..."
  
  
• Don't convince yourself that this is a ‘numbers' game!   Sure, lead generation is important and will always be a cornerstone of this business, but it's not about the numbers.  It's about the people.  You are in the ‘Helping People' business.  That should always be the very first and most important aspect of your business.  Track the numbers...I'm not saying you can get away without doing that.  But, help your people first!
  
  
• Position yourself to reap future rewards!  I don't have to tell you that markets across the country are in a massive state of upheaval.  Heck, you're probably more of an expert on that than I am, to be sure.  Offices closing, people leaving the industry to get "a real job", prices falling like a rock, foreclosures running rampant...All of this is creating OPPORTUNITY!  Now is the time to take advantage of those things.  Adjust your business model to accept changes in the market and position yourself to take the shot when the chance arrives.
  
  
• Avoid procrastination and ‘getting caught up in the little stuff'.  Every night before you go to bed, write down just a couple things that are important and need to get done the following day.  Don't procrastinate on those things.  Get them done.  Simple rewards like that will free up the mind and reduce your over-all ‘workload'.  Also, do what actually matters first.  For example, if you are writing a blog and a customer walks in the door that says they want to view property, QUIT WRITING and show them a house!  Seems dumb to most of us that I have to say that...but that's the simplest way that I can think of to make this point.  Just because you have a list of things you WANT to get done doesn't mean you have to ignore important aspects of this job to do them.  As my mom always says, "Life is what happens while you are trying to plan your life."  Smart woman.
  
  
• Make your business fit your life, not the other way around.  If you want to have a life outside of your career, then develop boundaries that will achieve this goal.  And, stick to them!  If you don't, you will end up with no life.  And that is a sad existence for anyone.  Also, along the way you will be told all kinds of ‘street-sage wisdom'.  Do yourself a favor...Ignore it!  "Work smarter, not harder" is wonderful advice, in theory.  Great idea.  But, in this business in this economy in this market, you have to bust your hump every single day.  I'm not saying you shouldn't work smarter.  I am saying you MUST work hard!  Figure out a way to combine the two, and you will succeed.

If you would like information on how Real Estate Client Referrals www.recr.com can help you work smarter, please contact Clint Miller directly at 800-977-7058.  Or, follow me on Twitter at www.twitter.com/recr.