Professional Documents
Culture Documents
There are countless pages on the internet debating the state of cold calling
in realty, and the general consensus is that it depends who you ask. A past
study tested how the effectiveness of cold calling and found that of the
6,265 cold telephone calls made, only 28% (1,774) were even answered.
Already, we can see that cold calling may not have the impact we’d like,
with only just over 1 in 4 calls making it through to the potential lead in the
first place, but even worse than that is that, of these 1,774 accepted calls,
only 19 resulted in appointment bookings. So, all in all, cold calling has an
effectiveness of about 0.3%.
But all is not lost - there are plenty of methods to maximise your pipeline
that are mote effective than cold calling. Here, we've assembled our Top 5
Cold Calling alternatives so you can increase those statistics and sell more
homes.
Direct mail
Now, I know we just said cold calling doesn't work, but personalized
handwritten letters stand for something much more meaningful than a cold
telephone call. They engage with more of the recipient’s senses and
represent a much higher level of intimacy that the recipient rarely gets from
other businesses.
Handwritten marketing feels more targeted - and often it is. Writing out a
message by hand takes a lot longer, even if you're keeping it simple, but
automating handwritten outreach is a great way to preserve the impact
without spending too much time writing out by hand. Scribeless customers
have overseen tremendous increases in customer engagement levels over a
number of campaigns.
Using merge fields, you can even hyper-personalize your notes in a single
campaign, making your notes even more personal. Mentioning that you've
had great success selling homes in a specific neighborhood, for example, is
a great way to turn heads with a bit of extra personalization.
SEO
The first thing people do when looking for someone to help sell their home
is type in a Google search. At this stage it's second nature to many of us,
and Google is where many people will start their journey to sell their home.
Because of this, it's vital that you rank highly on Google for real estate
agents in your area. Make sure if you're selling homes in Los Angeles that
you're ranking for terms involving Los Angeles, LA, California, and any
specific neighborhoods you're looking to target or specialize in.
A great way to do this is producing content for your website - Google is far
more likely to rank you highly if you're producing regular content and your
keywords are spread over a variety of pages, rather than cramming all your
keywords onto.
Make sure you also have links to your social media pages - many people
check these everyday, and they are often pretty informal, which is a great
way to start your relationship at a conversational level.
"Okay," I hear you saying. "But how do I get people to have this kind of
information on their radar before they're even thinking about moving? It's
not exactly a tried and tested art, but sometimes all it takes is getting on
their radar so if they are suddenly interested, the first name they think of is
yours.
Word of mouth
As a realtor, you should be confident and boast why you're the best option
to sell for your customers, but the people whose praise means the most are
your already satisfied customers. They will be more likely to spread the
word to their friends and family if you've successfully helped them move
and you've formed a meaningful relationship with them.
Personal recommendation is the best marketing you can get, and it doesn't
involve any cost on your part, just a little bit of advertising from satisfied
customers. There are a few things you can try to ensure your customers are
wholly satisfied with you and your service.
Networking
This also plays into your word of mouth marketing! Build a network of
agents, buyers and sellers to help each other out. You never know how a
seemingly small favour may come back and improve your business - it
could be someone realising how much they like working with you so they
recommend you to their friends or family who are looking at moving house.
People love their realtors to be local experts and know the area well, and by
creating a network you can monopolise your interests in a single area. A
network built around 'X area's Number One Realtor' will become the first
port of call for any and everyone looking to move in that area.
Building your brand and network is super important so even people who
aren't yet considering moving will think of you as soon as their interests
change. As soon as the two parties are on board then you can begin the
real estate process and who knows how many leads you'll generate from a
single initial sale?
Finding new clients will be easier than ever before, and you can accomplish
this easily without resorting to traditional cold calling.