Quick question for youâsince the beginning of the year, how much time have you invested in lead generation? Whether it's with your sphere of influence, open houses, FSBOs, expired listings, absentee owners, or geographic farming, where have you focused your efforts?
To maintain a consistent income without the ups and downs, you should be dedicating at least an hour a day to lead generation. But remember, we donât do what we donât schedule. If itâs not on your calendar, itâs unlikely youâll actually do it. There will always be distractions pulling you away from this essential task.
Let me give you a simple strategy to ramp back up into regular lead generation. Because if youâve been doing little to none for the past three to six months, jumping straight into an hour a day can feel overwhelming.
The solution? The Plus One Strategy.
Itâs simpleâjust do one of these activities today:
If you really wan...
Hey guys, I want to give you a strategy as we head into the busiest season of the year for listingsâFebruary, March, April, and May. This is when the most homes hit the market, so itâs the perfect time to ramp up your efforts.
Iâve got two strategies that can help.
1. Create a Real Estate Resume
A real estate resume highlights your background, skills, education, and successes. Keep it simpleâjust a one-page document. You can use Canva, where you'll find plenty of great resume templates. Pick one, customize it, and build out your real estate resume.
Once it's ready, send it out to your entire database with a cover letter. The letter should say something like:
"As we enter the busiest season of the year, I wanted to share my real estate resume in case you know any buyers or sellers looking for an agent. Iâd love to interview for the job of helping them buy or sell their home."
This positions you as a professional and keeps you top of mind with potential clients.
2. Build & Share Y...
Other than your direct sphere of influence, whatâs the second-best source of business for REALTORS? Let me share my perspective and see if it aligns with yours.
We know 70â80% of our business comes from our sphere. So, what should we focus on to generate the remaining 20â30%? In my 35 years of coaching, I believe the biggest opportunity lies in your buyer pool.
Buyers are the ultimate magnet for sellers. The question is, are you using your buyers effectively as a lure? I call this strategy In Search Of (ISO) ads. Hereâs how it works:
Think of yourself as a fisherman. The lure on the end of your line could be a free CMA or tips on getting top dollar for a home. But the best lure is a live buyer ready to purchase.
For example, if I have a buyer interested in a specific neighborhood, Iâll let the neighborhood know:
Are you running sales contests with your teams and brokerages?
If not, you're missing a big opportunity. Sales contests can generate energy and excitement, which drives performance. But thereâs a right way and a wrong way to do a sales contest.
Hereâs the wrong way: focusing the contest on results.
You might wonder, what else would you focus on?
Well, if you're tracking things like how many escrows were created or how many listings were taken, the same people will win every time. The problem with focusing on results is that you canât control them.
What you can control is the work. So, instead of focusing on results, shift the focus to what actually creates resultsâthe work itself.
For example, you might say, "Weâre doing a contest this month on who adds the most people to their sphere of influence." Or, "Who can do five posts a week for the next four weeks?"
You could track how many unsolicited CMAs agents push out in three weeks, who does the most open houses, sends the most ha...
Hey guys, have you had a chance to talk to your social and sphere audiences about the importance of flood insurance?
This should be a priority, especially with what's happened with Helene and Miltonâitâs on the top of everyone's mind.
Here's something interesting: typical homeownerâs insurance doesnât cover flooding. Since 1996, 99% of counties in the U.S. have experienced some kind of flooding event. Whatâs more, 20% of all flood claims come from homes not in traditional flood zones. And just one inch of flooding in your house can cause at least $25,000 in damage.
Thatâs a huge reason to encourage your clients to get flood insurance.
To help with this, there are a couple of things we can do:
First, partner with a local insurance agent who specializes in flood insurance. We could record a webinar or have them join a live stream to discuss the importance of flood insurance.
Another option is to direct people to the government website, FloodSmart.gov, which has a ton of information...
Hey guys, you know what everyoneâs starting to get right now?
Their property tax statements.
When people get those statements, they rush to open them and think, "My homeâs worth more than that," or "My propertyâs worth less than that," or something in between.
Hereâs an opportunity for us. Why not reach out to all of your clients, your sphere of influence, and your social audiences with this message:
âHey guys, youâre probably getting your property tax statements around now. If you look at that assessed value and disagree with it, or just want an updated value of your property, give me a quick call or text. I do this as a free service for all my friends and family, just to keep you in touch with your finances and your equity position.â
Thatâs it! Thatâs the messaging. People will absolutely take advantage of this, and it opens the door to conversations.
You might wonder, "Jim, why would I do this if theyâre not interested in selling?" Youâre doing it because friends refer friends...
Hey guys, did you know that only 5% of REALTORS reach out on the one-year home anniversary after selling someone a house?
Isnât that crazy? Just 5%! And even fewer do it for the second, third, fourth, or fifth year.
But if youâre one of the 95% who havenât done this, hereâs your opportunity. Go back â not just this year, but 2, 3, 4, or even 5 years â and load up the contacts youâve forgotten about. Give them a quick call today and say, âHey, I just wanted to wish you a happy belated one-year (or two, three, five-year) anniversary on your home purchase.â
And by the way, take a couple of minutes to run an updated equity analysis for them. Say, âHereâs how much money youâve made on your house in the past few years. Iâm sending you the report so you can check it out.â
If you start doing this every year with all your past clients, your business will boom. This simple gesture can unlock so much potential.
At the end of that conversation, after delivering the home equity update, say thi...
What is a success portfolio for a real estate professional?
Well, if you've ever gone to a photographer, architect, or even a wedding planner, you'll often see a book of their workâa portfolio. This showcases what they've done for other clients in the past.
Think about yourself. We often have listing presentations and now even buyer presentations, but do we have a portfolio of past performance?
This portfolio can be the pre-listing kit you've always dreamed of or the pre-buy meeting kit that will really motivate and inspire people to want to work with you.
So what would you put into this success portfolio? Of course, you'll include the properties you've sold and testimonials from other clients. You can also add marketing examples to show what you've done to market properties on social media, with flyers, with postcards, and even in a digital presentation, including video.There's a lot you could include in this presentation to make it really come alive and pop.
Now, imagine you did...
Here's an interesting question to put out on social media to your audiences:
Would you move from your current market because of climate change?
I've been in the business for 35 years, and we never really talked about climate change as a motivator for people to move. But it's becoming more and more of a reason for people to relocate. In fact, 30% of Americans today, especially young people, say they would move because of climate change or make a decision about where to live based on it.
Thatâs why this is an interesting question to ask on social media.
Climate change can take many different forms. In my market area, for example, it's fires.
We had a fire come through our neighborhoods that burned down 2,700 homes. It was one of the biggest fires in the nation for destroying homes. Absolutely devastating for our community. We went through several summers of fire, and a lot of people moved because they couldn't deal with the smoke and terrible air quality.
On the flip side, you migh...
Here's an amazing number you should share with everyone in your sphere of influence:
The average American homeowner now has $298,000 in equity, a record high!
This presents a fantastic opportunity to update your clients on their equity growth over the past year. We should do this every year with our clients, and if you haven't done it yet, make a point of doing it now.
Consider shooting a quick video and saying:
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"Hey, good news! Across the country, the average homeowner now has $298,000 in equity. If you're curious about your equity position, I'd love to do a PAYER report for you.
What's a PAYER report? It stands for Personalized Equity Analysis Report. It provides a quick update on your home equity and where you stand. If you're thinking about selling, I'd love to help you. Or, if you're considering investing in more real estate and building even more equity, I'm happy to assist you there as well. At the very least, get a copy of that free PAYER report.â
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