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Lead conversion strategy

How to maximise real estate lead conversions (without selling your soul)

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How to maximise real estate lead conversions (without selling your soul)

Tom Ferry says it best, ‘All the money is in lead conversions’. There are thousands of ways to generate, capture and convert leads. But if you're still letting too many leads fall through the cracks, it's your lead conversion system that's failing you.

Every single lead that comes in should be treated with top-notch service. But when we focus on hard selling all our leads, or on converting only on the leads that are hot — we miss a ton of opportunities to close deals.

Here are a few simple fundamentals to help you convert more real estate leads in less time.

Follow up quickly (and consistently!)

Not too long ago, the number one rule of lead conversion was to follow up fast.

A 2009 study by researchers at MIT found that the best time to call a lead is within 5 minutes of the lead viewing your website (now that's fast!).

With most of your competitors taking their sweet time to reach out to leads, you can definitely get an edge by following up with leads as quickly as possible, by using the power of a CRM. But in the new game of real estate, longevity matters just as much. Today's homebuyers and sellers have more options than ever before. If you want to be the agent of choice, you need to not only follow up quickly, you need to follow up consistently.

These days, it takes an average of eight touches to close a sale, and buying a home isn't a decision your leads are going to make overnight. Use automated texts and emails to send an immediate message to every lead letting them know you'll be in touch soon with more information.

Then, make sure you follow up. Be the one who actively and consistently delivers value-driven content, and you'll be the first person your leads think of when they're ready to make a move.

image: Scoopnest

image: Scoopnest

Make it human

In today's world of texting, emailing, and online everything — a lack of genuine human connection could be the one thing keeping you from closing more deals. In fact, some say loneliness is the next great epidemic.

As a real estate agent, you're hard-wired to serve the people of your community. Video is a great way to add a personal spin to your digital marketing efforts by putting a real human face to your content. Rockstar agents like Barry Jenkins (leader of the number two Better Homes and Gardens Real Estate Team in the US), use video not only for lead follow up, but even when onboarding new agents to their teams.

According to Barry, smart automation is what gives his team the ability to scale and leverage. ‘We have the automation, but what really matters is that we’re able to wait and apply it relevantly,’ he says.

Tools like BombBomb can easily integrate with your CRM, making it a breeze to go the extra mile and let your leads really see you. But remember, a relevant, human touch is what makes all this ‘tech stuff’ effective. Always take the time to make sure you're delivering something of value.

bombomb.png

Make it easy

269 billion emails are sent every day. To say that your leads are overwhelmed with info is a MASSIVE understatement. When asking for an appointment, make it as easy as possible. No one has time to enter into a back-and-forth dialogue about who is and isn't available Wednesday afternoon. Cut to the chase, already!

If your CRM offers an option to automatically book an appointment in your calendar, USE it. And if not, tools like Calendly make it dead easy to get in the door with your leads.

Send an automated reminder email so your leads never miss an appointment.

Always remind leads of your value

If you've committed to following up quickly, consistently, and making the process as easy and value-driven as possible for your leads, congrats! You're doing it better than the vast majority of agents out there.

But there's one more crucial area where many agents fail to convert: Demonstrating your value.

If you know you're the best person to help your leads, you owe it to them to make sure they know it, too. After all, if you don't get their business, someone else will. Whether it's adding a logo for an award you won, a link to your ratings, or a couple of killer testimonials — your leads need to be constantly reminded of why YOU are the agent to work with.

You can walk 10 kilometres barefoot in the snow for your leads but if they don't clearly understand what it is you offer that no other agent can, they could still jump ship for the agent next door. Never be shy about your value. Claim it, own it and most importantly — SAY it.

If you're the right agent for the job, your leads with thank you for it.

For more ways to improve your lead conversion strategy check out this three-step lead conversion guides, five rules for following up leads and how to convert baby boomer leads.

Author bio:

Dave Lawrence is the Head of Growth at Follow Up Boss, a CRM for real estate teams. In his role he spends his time ‘under the hood’ of many of the top performing real estate sales teams, helping them leverage technology and process to become more effective at delivering value and service to their clients. 

dave lawrence headshot.png

Disclaimer: The information provided is a general guide only. Homely has no association or interest in any of the companies or their affiliates mentioned above.

About homely.com.au:

Homely.com.au is a new way to search for Penrith real estate for sale and properties for rent in Sydney.

Check out our Suburb Reviews and Questions pages to see what everyone is talking about.

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We'd like to hear from you!

If you enjoyed this blog leave a comment below and share it with your friends. Please respect the public forum and refrain from posting any expletives or hateful comments as they will be removed. We're always on the look out for guest bloggers and would like to receive your feedback, so feel free to get in touch at marketing@homely.com.au.

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Your 3-step lead conversion strategy

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Your 3-step lead conversion strategy

After a gruelling weekend of inspections, auctions and prospecting you need to commence your action plan to make the most of all your hard work and convert your hottest leads into new clients.

How you follow up and manage your new prospects can be the difference between a closed deal and lost business. That’s why it’s so important to know how to make a great first and second and third impression.

Follow this three-step lead conversion strategy to establish yourself as a knowledgeable, responsive and committed agent to increase your chances of converting hot leads into new business and ultimately get more deals.

Step 1. Strike while the iron is hot.

Ensure you respond to any new leads that requested further information (like the Section 32 or a copy of the contract of sale) from you at the inspection, via email or voicemail within 24 hours. Your responsiveness is of the utmost importance to prospective clients. They’ll look upon you and your listing more favourably if you’re quick to answer their questions and supply information they requested.

Within a day of meeting a new lead you need to make an introductory call to answer any questions they have and to let them know you’ve sent the extra information if requested. This is your chance to show off your expert knowledge and that you go above and beyond to help your clients.

Next, send a follow up email with the subject line ‘Looking forward to working with you!’ or something similar, regardless of whether they asked for more info. Recap the main points of your conversation and the answers to questions they had, so they can easily be reminded of your chat and get back in touch.

Step 2. Prove your value.

Two or three days after your introductory call send off a personalised email to your hottest prospects. Within the email supply valuable materials related to their buying or selling process to reinforce your dedication to stellar customer service.

Send through a market analysis and profile of the area/s they’re interested in with comparative sales data, recommended listings (for buyers), a home estimate (for sellers) and a broader housing market report outlining why now is an optimum time to sell/buy.

Follow this up with another call to check in and see what they thought of the information you supplied and if they had any questions about the estimate, the listed properties, or whether they need a broker for their pre approval or anything about buying or selling in general. From here you’ll be able to get a good read on their level of interest, timeframe and can set up appointments if need be.

Step 3. Shore up future business.

If you haven’t heard back from your hot leads after five days or so, call the prospective client again to ask whether they received the market report and information you sent earlier in the week and to make an appointment if they're ready to take the next step. After all, persistence is key when following up and converting leads.

Check what information they found most helpful and probe to see whether they need anything further from you or want to meet. Also, ask the client for permission to add them to a listing-alerts system so that they’ll be the first to know as soon as new properties come onto the market that fit their criteria. This will reinforce your commitment to being accessible and helpful, and open a dialogue for you to learn more about the client to send them better updates in the future.

Even if your hot prospects cool off at this point, keep them in the pipeline by subscribing them, and all your new leads for that matter, to a nurturing campaign. Add their details to your customer relationship management system to keep in touch by sending them helpful information and property updates via regular email campaigns or direct mail.

Your goal when following up hot leads is to qualify them, engage the client and build up a rapport and book in an appointment. With a dedicated and persistent lead conversion strategy you’ll be able to more readily identify and convert ready-to-buy and ready-to-sell prospects into clients.

Happy selling!

From the Homely Team.

 

About Homely:

Homely is a new way to search for Burpengary real estate for sale, and properties to rent in Brisbane. With over 340K listings and 500K local reviews and insights, Homely is a faster and easier way to search for property to buy and rent in Australia.

Check out our Suburb Reviews and Questions pages to see what everyone is talking about!

 

We'd like to hear from you!

If you enjoyed this blog leave a comment below and share it with your friends. Please respect the public forum and refrain from posting any expletives or hateful comments as they will be removed. We're always on the look out for guest bloggers and would like to receive your feedback, so feel free to get in touch at marketing@homely.com.au.

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