Here's a question for you: Are you a real estate concierge?
What’s a concierge? If you’ve ever been to a hotel with one, they’re the people who connect you with local shows, restaurants, and experiences. They make your stay smoother and more enjoyable.
That’s exactly the approach we should be taking with our clients—and even our potential clients.
You can start the conversation like this, “Hey, as a real estate professional, I work with vendors all the time—gardeners, plumbers, electricians, carpet installers, landscapers, you name it. If you ever need anything related to real estate, call me. I can connect you with the best.”
Because I refer clients to these vendors regularly, my clients usually get the best pricing—and they move to the front of the line. It’s a win-win.
When you position yourself as the go-to person for anything home-related, you naturally start having more conversations with clients. They’ll call you and ask, “Who’s your landscaper?”
You say, “I’ve got a great...
As a brokerage owner or leader of a real estate company, you probably remind your agents every week that the best way to grow their business is by engaging their Sphere of Influence (SOI) and consistently asking for referrals.
But are we holding ourselves to the same standard?
We should be asking our own agents for referrals and recommendations about who we should be talking to in the marketplace.
Questions to ask regularly:
By engaging agents consistently and requesting their generosity, they start to understand the importance of referrals—just like our clients do when we ask.
Agents aren’t conditioned to send referrals unless we ask. The best time to ask is right after you’ve helped them like after:
Let’s say you got a referral today. What's your next step?
You should have a series of steps you follow every time. When you systemize how you approach referrals, sure enough, more referrals come your way.
Let’s start with what NOT to do: We’re not just going to send a silly little gift card or a coffee card as a thank-you. That would be ridiculous. We should do way more than that.
Think about it—this is the apex point. Everything you do with your SOI (sphere of influence) is leading up to getting a referral. And when you finally get that payoff, when someone actually sends you a referral, wouldn’t it be crazy to just send them a $5 or $10 gift card?
That’s why we're going way bigger than that.
So here’s a list of things to consider:
First, call them and thank them. If you haven’t already, send them a handwritten note: “Hey, thank you so much. I appreciate the referral.”
Then praise them publicly on social media. Make a post thanking them. This encourages others in your SOI to t...
What if your next transaction is embedded in your current transactions? This is such an easy concept but often overlooked by many agents. Every escrow you have is a pathway to more escrows. Let me share three key strategies to help you leverage this opportunity.
First, introduce every single person you're in escrow with to your VIP program. You might say, "I don’t have a VIP program." Well, you need to start one. A VIP program simply means telling your clients:
"Now that you’re my client and we're closing this transaction, I’d like to invite you to my VIP club. Here’s how it works: If you hear someone thinking about doing real estate business and refer them to me—even if they don’t close—that act alone makes you a VIP. As part of the VIP club, you’ll get access to special events throughout the year, quarterly prizes, and a grand prize at the end of the year. Plus, for every referral you send, you’ll receive a small gift from me."
Your VIP program can look however you like, but the k...
Every year, NAR studies home buyers and sellers and compiles the data into a report called the NAR Profile of Home Buyers and Sellers. It examines metrics like how buyers and sellers behave, how they find agents, and what technology they use.
I pulled out some key insights today that are especially relevant to lead generation.
First, let’s talk about how sellers find their real estate agent. Any guesses? Here’s the data: 77% of sellers find their agents through a referral or repeat business. That number is increasing, not decreasing. Last year, it was 69%, and now it’s up to 77%.
Despite predictions that online leads and new technologies would reduce this percentage, that hasn’t been the case. Referrals and repeat business remain the dominant ways sellers find agents.
Now, how many agents do sellers typically interview before hiring? You might think there’s a lot of competition, but the reality is this: 81% of sellers interview only one agent. While we should be prepared for compet...
Hey guys, did you know that only 5% of REALTORS reach out on the one-year home anniversary after selling someone a house?
Isn’t that crazy? Just 5%! And even fewer do it for the second, third, fourth, or fifth year.
But if you’re one of the 95% who haven’t done this, here’s your opportunity. Go back — not just this year, but 2, 3, 4, or even 5 years — and load up the contacts you’ve forgotten about. Give them a quick call today and say, “Hey, I just wanted to wish you a happy belated one-year (or two, three, five-year) anniversary on your home purchase.”
And by the way, take a couple of minutes to run an updated equity analysis for them. Say, “Here’s how much money you’ve made on your house in the past few years. I’m sending you the report so you can check it out.”
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...
Hey guys, want to increase your referrals by 24%?
It's simple, and it comes from the American Marketing Association: When you ask for a referral and attach a reward to it, your referrals increase by 24%.
So, what rewards work best?
Cash, consumables like wine or coffee, right?
But here's the issue with consumables most people overlook:
They're forgotten once consumed.
That’s why I prefer giving experiences…
An experience sticks with you. It's memorable.
For instance, for a couple who refers a great client, I might reward them with a night out at a local restaurant. Personalize it with a note: "Enjoy this meal on me. Thanks for the referral!"
For a golfer, instead of a round of golf, a golf lesson; for a tennis player, a tennis lesson.
Or if they're into concerts, a music ticket; sports, a sporting event ticket.
These experiences are unforgettable. Find what resonates with them personally, and your referral count will skyrocket.
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Why do Brokerage Owners, Office Leaders...
Hey guys, let's talk about asking for generosity from your clients, specifically in the form of referrals.
I'm going to share two or three strategies that should feel natural to you because referrals are the number one way to generate business.
Remember, when people are going through a transaction, there's a four times greater likelihood they'll refer you because it's a natural part of the conversation.
So here's the deal: you've got to train them, you've got to coach them.
Try this scripting: "Now that you're buying or selling, I'm sure some of your friends are going to be jealous. If you run into somebody who wants to follow your lead, I'd love the opportunity to work with them." Simple, right? It doesn't sound salesy; it sounds natural.
Another approach: "Now that you're selling, I'm sure a few of your friends and family will be jealous. If they want to follow your lead, I'd appreciate your referral. I like working with people like you." It's about leveraging their network in a...
As we gear up for the bustling spring and summer real estate market, it's crucial to leverage our networks effectively.
How do we elegantly request referrals and direct business?
Enter the real estate resume strategy.
Just like crafting a resume for traditional employment, create a polished document highlighting your real estate expertise: experience, market performance, education, skills, testimonials, and office history.
Distribute this resume physically and via email to your entire database. Accompany it with a cover letter emphasizing your readiness for the busy season and encouraging recipients to share your resume with potential buyers or sellers. Keep it concise, yet professional.
This approach conveys authenticity and seriousness, distinguishing you from agents solely focused on humor or gimmicks.
By showcasing your dedication to your profession, you establish credibility and foster genuine connections. It's not just about being funny; it's about meaningful engagement. Th...
Heading into the new year, here's a game-changing strategy for you:
Open up your CRM, scan your sphere of influence, and pinpoint all the business owners. Start by reaching out to them. Call and ask, "Hey, Jim, how's the new year looking for you? How did last year finish off?"
Share your plan, "I want to start endorsing a local business every week on my social media, and I'd love to feature yours. I just want to promote local businesses I admire. No strings attached. Are you cool with that?"
They'll likely say yes, appreciating the gesture.
Be the Go-Giver. Lead with their needs. Within a week, make a post about their business on social media. Include photos, share your personal experience, and publicly endorse them. Tag them in the post. They might even share it with their audience. It's a win-win, a feel-good moment for both parties.
Even if they don't reciprocate immediately, the spirit of giving will work its magic for your business.
Now, measure your efforts. If your goal is...
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