Do you remember the old School girl/boy game of "Around the World", or "Around the Bases"? If you got a kiss you got to First Base. A french Kiss was Second Base. Read further to find out how to hit a Home Run!
Are You Trying to Hit a Home Run With Your Prospects. Without Asking Them on a Date?
Most prospects are only leaving their phone number about 1/3 of the time. So 2/3 are leaving just a name and email. If you don't have a strategy to approach this group, you are losing big time because your cost per lead skyrockets. If you invest $9,000 a year into your online real estate marketing campaign. And you get 500 leads a month, your Cost per Lead is $1.50*. But if you aren't touching your email only leads, then you are effectively only getting 165. Your Cost Per Click jumps over three times to $4.55!*$9000 a year/12=$750 a month. $750/500 leads=$1.50;$750/165=$4.55)
Email marketing is the most important part of online marketing. Yet, I find thhttp://www.typepad.com/site/blogs/6a00d8341c98e553ef00d8341ddde953ef/post/6a00d8341c98e553ef00d8351c0b9453ef/edit?saved=e#at it is the least understood, and least time spent by Online Realty professionals.
Some agents will spend all day on their website. They will effort on SEO to capture a real estate lead. Yet, they never spend the time to strategize on how to court the opt in subscriber. Marketing your real estate services thru email is about getting to the first date. Then the second, and then third.
Will You Marry Me? The courtship leading up to the proposal
Until there is a marriage whereby you both swear allegiance to one another. And of course like many modern day relationships, this guy or gal will break this allegiance as soon as the scent of the next "hottie" walks past.
You may not even get to First Base let alone hit a home run. And your prospect may not even let you go on a second date. But one thing is for sure you will never get to a sale unless you start at the beginning.
Then you can get to First Base....and second and so on.
But most agents try to steal a kiss, without even asking the prospect out!
Instead of being "easy", think of your prospect as that guy or gal you have to beg and beg to go out out with you. And then after all that finessing she only agrees to go to breakfast! You have to strategize to win her over. You bring flowers.
You do apparent random acts of kindness just to get to a second date and maybe first base. Before Free Love, this was called Courting. Your prospect is not a product of the 60's. They believe that their loyalty comes with a cost.
They want to be courted and you to prove yourself worthy. And making your listings available or offering a free report is a nice olive branch, but this frigid Diva expects some major knee crawling. Do you really want this gal? Are you going to take care of her in good times and bad? Then you gotta pah-roove it.
The fact is that the vast amount of your prospects will not leave a phone number, and most won't take any serious action for several weeks. People typically come to a real estate website to compare property. And they just do not know what they do not know. At this point there is very little or no loyalty to you or your website. As long as the info flows, and they can get your MLS listings they will be happy enough to revisit your site, if for only the new home listings. >So in order to breed loyalty and affinity you must do a few specific actions.
- Get yourself an Autoreponder/Drip Email system.
These automatic email systems communicate with your prospect while you sleep. You write your letters and articles once. And the system will send a mailer on pre-programmed days for ever. Until your prospect raises their hand and says I am interested to take this relationship to the next level. - Build your list and segment them.
Why would you segment your visitors? Because they think they are the most important person in the world. And if you want them to think you are the most important Realtor in the world, you have to make them important first. This goes eons beyond dividing your prospects into buyers and sellers, and hot, medium and cold. Your email communications to a 30 year Vet at IBM should convey a unique tone and context different than your typical communication with say a self employed-entrepreneurial contractor. - Educate & Interact
When you can get someone to have an "aha" experience, you often times will etch out a piece of their brain for you. Congratulations! You have now risen above just Real Estate agent. You are above the rest because you have become not just someone who sells real estate. But someone who cares enough to take the time to care for this person who is the most important person in the world. How? Teach them and get them to move along the sales funnel by bringing them to your site to learn and or get valuable and free reports. I am not talking about the typical pre-written Real Estate articles and newsletters. You need to pour blood and write from your experience, from your heart. Would you send the object of your affection a templated love letter from a book? What would her reaction be? Thats the same reaction you will get from your prospect.
As you get your real estate prospect to interact with you and your site. You can ask them to reveal more and more until you have enough information to segment them, and take them to the next level of your relationship. And then perhaps they will want to do more than just "go out with you".
Related Posts:
The Lead to Sales Process
Email MArketing can be good in real estate industrt as it make you closer to people who really are looking for new property
Posted by: Estate Agents Finder | January 21, 2008 at 05:28 AM
i must say email marketing is the best method for genertaing traffic to your website and it can bring some slae tooo .
www.jeffpaulportal.com
Posted by: Internet marketing | July 17, 2008 at 01:33 AM
I have passion in real estate, and just started my blogging online. I focus more on news and community + neighbourhood matters. I would like to know how to eventually convert some traffic to leads. Would appreciate if u could advise.
Posted by: Yip | January 15, 2010 at 10:24 PM
It’s really very frustrating to know that after you have spent thousands of dollars in your real estate marketing missions, still you haven’t got the desired sales you wanted. Poor leads can be disappointing. You just have to come up with a real estate approach that’s effective. And email marketing is just one of those strategies that is effective.
Posted by: Utah Homes | January 20, 2010 at 07:49 PM