Has anyone actually ever shot fish in a barrel? It’s unlikely that fish would ever be in a barrel full of water to begin with, but if they were it’s far more likely someone would put a line and lure in there in their attempt to get the fish. But here’s the thing – the expression we’re talking about here is one used to suggest the ease of doing something, and it’s only going to be easy to come away with the fish if you’re the only one fishing – or shooting – for them. If there’s other around the barrel aiming to do the same thing as you then it immediately becomes a competition. So how might we connect all of this to anyone looking to hire a real estate marketing expert for lead generation?
Well, it’s going to be a universally-agreed upon fact that it’s always a competitive environment for realtors when it comes to securing new clients and getting them before your competitors do. You can go to pretty much any city or town in Canada and there are going to be more people working as a real estate agent there than ever before. While there may be upticks in the number of people buying or selling homes at any given time, there’s never going to be enough business to go around to the point that every realtor is working with the number of new clients they envision for themselves.. Realtors only make income when they get commissions, so getting new clients and the ability to get exclusive real estate leads is important.
Many realtors these days are choosing to get paid real estate leads from an online service like the one we have here, and it is a good way to gain an advantage over competitors who are taking more traditional approaches to real estate lead generation. The question will always be if these realtors have the equally important skill of lead nurturing, as a lead is only just an opportunity to be first-in-touch with these people. You’ll be the only agent to receive the leads so that part of the equation guaranteed, but it is a question of do you have what it takes to convert leads into clients.
Most realtors tend to do well with that, and that’s even true for the majority of new realtors too. Present yourself as a friendly and dedicated local area professional who knows how provide great service and great outcomes and you’re probably going to be just fine. But enough about that, what we’re going to do with this week’s entry here is explain why you don’t need to hire real estate marketing expert for lead generation. instead, what’s advisable is to go over these 9 best real estate prospecting tips and strategies and incorporate the ones that are going to work best for you into your lead discovery efforts.
Smarter / Better-Targeted Approach
If you are to look at what’s working well for the 1% of top-earning agents for any city in Canada you’re going to see they are characterized by two things. The first will be that they focus on listings as opposed to being buyers’ agents, and then secondly they are committed to daily phone prospecting as one of the cornerstones of their earnings success. You can and should be prospecting for new leads the same way, but it’s also going to be a situation where
A more passive but smarter and better targeted approach to building your real estate business is going to be serving you better.
Online may be where you are going to have the most success as you aim to get exclusive real estate leads, but agents can maximize the success they have with all of this if they also incorporate these good tips and strategies for realtors. Here they are:
TIP 1: Focus on Listings
Some of you may have seen this adage about real estate: ‘Buyers take time, listings take skill.’
Earlier here we alluded to how most of the country’s top-producing real estate agents are listing agents. These agents have come to realize that working as the seller’s agent takes significantly less time to arrive at closing (and earning that much-needed commission). Buyers agents, on the other hand, can spend inordinate amounts of time driving buyers from home to home without any guarantees.
TIP 2: Set Goals
Goal-setting really does matter, and to reinforce that with you we’ll share part of the results from a TD Bank Survey. It indicated that visualizing and imagining your goals can make you twice as confident in achieving them. It is a mere 31% of those who don’t visualize that still feel confident about achieving their goals, as opposed to 59% who do it and do it to it. What is so advantageous about goal-setting is that it helps you zero in on what you want to accomplish, not only in real estate but in your life in general.
Goals setting also gives you the right focus. When you operate without goals, it’s easy to lose focus, get sidetracked, and get frustrated. Goals help you stay motivated, and motivation is essential to achieving the most important, long-term goals that will faster further your career progress and success in real estate.
TIP 3: Write a Business Plan
Realtors need to know how to interpret their numbers and work with them. There are estimates that 87% of new agents fail within five years of starting out as a realtor. For the other 13% a common aspect of their success is business planning. A written business plan does not ensure success, but it can be a good predictor of success and may mean that you don’t need to hire real estate marketing expert for lead generation.
A good business plan can result in more than 30% faster growth, compared to businesses that simply wing it. The most important thing about having a business plan is that it forces you to focus on the details of your business and helps hold you accountable.
TIP 4: Prospect FSBOs & Expired Listings
Expired listings are low-hanging fruit of sorts for real estate agents, as 90+% of the the time the homeowner is still going to want to sell the home. Typically, a homeowner who did not sell the first time has an increased urgency to do so the second time around. That gives you a good chance to convert the lead to a listing if you stick to your expired listing scripts.
Working with expired listings allows you to make significant GCI over a shorter period of time, and often is a more productive approach for realtors as compared to working as an agent for a buyer.
When approaching a FSBO (for sale by-owner) it will usually require patience. But there are a few tips that might improve your chances of being the agent of choice when a FSBO homeowner comes to realize that selling the home themselves is going to be too much work. It helps to first understand this type of homeowners’s mindset: There are studies that suggest that more than 2/3 of North Americans distrust real estate agents, and so this precludes that any conversation with an FSBO is probably starting from a position of weakness and suspicion. You are going to need to work hard to earn their trust and confidence.
TIP 5: Use Scripts
The big gain with using scripts for real estate agents is that they help you control the conversation. Scripts provide many benefits, and the biggest of them is that by using them you have consistent delivery. Work with real estate prospecting scripts and you’ll be more focused and consistent with your delivery and better setup to be converting people into clients when. You get exclusive real estate leads. Consistency will help you become comfortable when making your prospecting calls. The more comfortable you become using real estate scripts, the more confidence you’ll exude to the prospect on the other end of the call.
TIP 6: Follow-Up with Leads Quickly
It’s important to be timely when following up on any leads you’ve received. Doing so promotes better communication and trust, and it presents you as a caring and committed realtor who really is keen to work wth the clients and help them get the best results from the either the sale of their home or finding a new one for themselves. It also keeps you top-of-mind with prospective sellers and allows you to address seller concerns, which is another way to build rapport.
TIP 7: Develop Your Sphere of Influence
Building an SOI as a real estate agent will require you to engage in strategic networking, relationship-building, and consistent communication. The best way to help you build and expand your sphere of Influence is to start by identifying your current network and creating a list of your existing contacts – friends, family, colleagues, neighbours, and acquaintances.
You should also be using social media for real estate agents here, and leveraging different social media platforms to connect with community members. Join local groups, participate in discussions, and share valuable content related to real estate.
You should also attend community events and be active in neighbourhood meetings, and local gatherings. This provides opportunities to meet new people and establish connections. The last suggestion here is to ask for referrals: Don’t be afraid to ask for referrals from satisfied clients and members of your network. Let them know you appreciate their support and are ready to assist anyone they refer.
TIP 8: Add Circle Prospecting to Your Portfolio
Circle prospecting is a long-term strategy that can pay dividends, but most agents need help understanding the actual purpose of circle prospecting. The goal of prospecting is to get a listing that will generate revenue in the near term. But circle prospecting is a long-term strategy that differs from prospecting expired listings, which always tend to be a situation where there is something of an urgency for the owner to sell NOW.
The first type of circle prospecting is prospecting around a property that you have ‘just listed’ and in these instances you’ll be reaching out to nearby homeowners to see if they know someone who might be interested in moving to their neighbourhood. The next one is prospecting around a property that is ‘just sold’ and with these ones you’ll be calling nearby homeowners to let them know that you had numerous interested buyers for that property. This becomes an indication that the area is in high demand and so if your timing is right then the prospect may be ready to jump into the market if it was something they had been contemplating already.
TIP 9: Build an Accountability Team
Top-producing real estate agents do not work in isolation. They see the importance of having other professionals sharing insights and raising their level of accountability. As such, it is not unusual for these top performers to build an accountability team that can include all, or a combination of the following:
- Real estate coach – A professional who helps you build a business strategy and hold you accountable to that strategy.
- Accountability partner – A fellow agent who offers feedback and, like a coach, holds your feet to the fire.
- Role-playing partner – Most top performers start the morning with one or more partners in role-playing exercises, and this can really work well to get your head into the game.
Sign up for Real Estate Leads here and immediately start receiving a monthly quota of qualified buyer and / or seller leads that will be provided to you exclusively each month. Agents who get get exclusive real estate leads from the service gain an immediate advantage with being able to be the first realtor to speak with people who are genuinely ready to work with one as they move ahead with putting their home on the market. If you are aiming to grow your PREC with maximum results then our service is definitely something you should consider.








