1. Unlock your potential. Open your mind, your eyes and even your business to all that's possible. Luck will never be found with limited thinking. Want expansive results? Think big and believe big, and you will discover the ability to
grow exponentially.
It's interesting how a shift in market conditions causes many agents to sit tight and close the doors around them. They believe that if they ride out the storm or wait for the next "correction," they can jump back into
production mode.
Top producers, however, take the opposite approach. They understand that success in a shifting market depends on the willingness to open doors rather than close them. Most will tell you that opening a few windows never
hurt, either!
The bottom line? When others shut down, claim your ticket to ride by unlocking your potential and capturing abandoned or unclaimed market share. View each obstacle as an opportunity to win. Be the creative solution-finder consumers look for. When you present yourself as an optimistic, forward-thinking, innovative professional, you will join the ranks of the "lucky" people with a steady stream of prospects.
2. Accelerate your actions. The glory days where you could simply wait for the phone to ring or for the next order to come in have passed. However, you cannot afford to slow down just because the market has. In a course-correcting market, your actions determine your income.
First, you need a plan to double your listing inventory. Make sure your plan includes the steps necessary to align pricing and terms with slow-market selling. Next, implement creative strategies to build your prospect pool for both buyers and sellers. Pick up the pace to create positive forward momentum, and commit to spending whatever time is needed on each activity.
3. Put systems in place. Systems simplify our lives, streamline our workloads and ensure the type of consistency necessary to reach more people, more often. Take a multi-layered approach to your marketing by combining the easy ones (i.e., a quick phone call) with the outside-of-the-box variety. You might want to start by downloading our free BusinessBASE™ system at www.prospectsplus.com. This time-tested approach explains in detail how, why and when to contact your
client base.
One idea for staying top of mind with your sphere of influence and geographic farm areas is to implement a series of drip marketing campaigns that reach them every three to six weeks. It's important to follow up with a contact manager that reminds you to contact each of these VIPs either in person or by phone every three
to four months.
The 2006 Profile of Buyers and Sellers published by the National Association of REALTORS® tells us that 66% of repeat home buyers and sellers would use the same agent again. The exceptions, of course, are agents who fail to stay in touch.
It's also important to start talking! Set up a FSBO or Expired Listing conference call each month to share your knowledge and experience with frustrated FSBOs and homeowners whose listings have expired. Call your local phone service or check the internet to find out which conference call technology is available to you. If a fee is involved, invite an area real estate attorney, CPA or mortgage professional to join the calls. Having another expert on the line adds value for call participants and helps you fund the service.
Once you create a schedule of calls, market your events by mailing postcards and posting flyers in local markets and small businesses. Make sure you emphasize that you are hosting free, no-obligation informational phone calls designed to help consumers get answers to
their questions!
Statistics show that almost 80% of FSBOs eventually list with a REALTOR®, and almost all expireds are motivated to move forward with the sale of their home. By offering this free service and becoming their friend first, you place yourself at the front of the line to be the chosen
listing agent.
4. Commit to extraordinary service. Zig Ziglar once said, "If you help enough people get what they want, you will get what you want." This simple truth will serve you well throughout your career.
Luck comes in all shapes and forms. What better way to feel lucky than to surround yourself with people you like, enjoy and appreciate? Do more for your client base than simply put them on a mailing list. Get to know them; think of them as friends, and go out of your way to make sure you provide incredible service with genuine compassion. You will find a renewed sense of joy in what you do, an extended network of people eager to help you on your journey and an opportunity to realize your goals while helping others reach theirs.
5. Extend the invitation. Do you know why top agents walk away with the signature more often than others do? No, it's not luck; it's their ability to ask for what
they want.
The fine art of closing is essential in a slowing market. It takes practice - and lots of it. Trial and assumptive closes combined with key questions throughout the presentation often lead to a signature on the listing agreement. People are hesitant by nature. They want a confident salesperson who will get results.
This is not to say that you have to be the hard-hitting, aggressive type; rather, simply invite your prospects to learn more about you, your business and your marketing plan. Pepper your presentations with closes that draw out the information you need while drawing them into the system you are sharing. Then, at the end, ASK them to sign the agreement. Extend the invitation to get the best possible price for their home in the shortest period of time by starting today. Just don't be surprised when they
say, "Yes!"