If you're a brokerage owner or team leader, what's the number one reason someone would join your firm?
Often, when I talk to brokerage leaders, they say it’s all about commissions—that’s the driving factor.
But that’s not true. We need to move away from that outdated thinking.
What really drives agents to join a company or team is the potential to close more transactions.
It’s about transaction count, not commissions.
So, how do you build a company or team that focuses on generating leads and helping agents develop leads on their own? Your goal should be to increase each agent’s transaction count, making them one of the highest-performing in your market area.
Here’s an interesting statistic that might surprise you: 50% of all agents in America closed one deal or less last year.
Even if those agents are getting a high commission on that one deal, it’s not enough to support their families. They’re struggling and barely staying in...
Let's delve into the concept of "speed to lead" for a moment. Why is it crucial? Well, here are the stats:
Businesses that respond within five minutes or less are a hundred times more likely to connect and convert opportunities.
So when that clock starts ticking, you've got five minutes to respond to emails, texts, or calls. The reality is, generating a lead for a REALTOR today costs about $140 per lead. If you can't get back to them in five minutes, it's like burning $140.
Now, how can you address this lead follow-up issue? I'll share a couple of strategies, and they all revolve around Google.
First, consider your lead routing. Get a Gmail account, and with that, you'll obtain a Google Voice number for free. Google will assign you a phone number that routes to your cell phone. When it rings, you'll instantly know it's related to a lead. This can save you from wondering if it's spam or something important.
Additionally, you can set up a...
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