Guys, can I tell you a story? If you donât like it, donât watch.
My wife and I are shopping for investment properties in different parts of the country. As weâre looking, of course Iâm calling REALTORS. How am I finding them? In these markets, I donât personally know any, so I went to Realtor.comâjust like most buyers would.
I searched for agents, looked at their stats, found a few who looked good, and started calling. I wanted to see if theyâd answer or call me back.
Well, no oneâand I mean no oneâanswered their phone.
I get that people are busy or in meetings, but I left voicemails and still⌠nothing. No callbacks. Crazy.
So then I thought, this is what buyers go through. Everyone assumes agents are hungry, but most arenât.
Then I tried something different. I filled out the Realtor.com lead form as if I were just another lead. Technically, I am a leadâa big one, actually. I could give these agents tons of business because Iâm looking to buy multiple investment properties.
Gues...
Quick question: Have you put your sphere of influence to work? If not, youâre missing a huge opportunity.
Think of your sphere as a massive sales army. Maybe you have 100 people, maybe 200, maybe 500. But are you actually putting them to work?
That means programming their reticular activatorâthe brainâs pattern recognition systemâto look for real estate opportunities. We all have it, and you can tap into it. Iâll give you two simple techniques.
First technique:
When youâre talking to someone this week, try this script:
âHereâs a crazy stat that might blow your mindâwithin the next two weeks, youâre going to hear of someone who wants to buy or sell real estate. You might not think so because youâre not tuned in to it, but just watch. And when you do, think of me. If you can, Iâd love for you to send me that referral.â
What happens? Almost inevitably, theyâll hear about someone buying or selling a house within the next couple of weeks.
For the second strategy, say this:
âAs we he...
As a brokerage owner or leader, are you treating your current agents as your own personal SOIâyour sphere of influence?
As an agent, you were trained to do this. Youâve heard it repeatedly from gurus, speakers, and podcasters: work your sphere. You need 20 to 50 contacts per year with your sphere to generate referrals.
But are you applying that same principle to your own agents?
Most brokerage owners and team leaders donât. Then they wonder why recruiting is so hard. Recruiting feels difficult because theyâre not getting referrals from their own agents.
The number one recruiting strategy for every brokerage owner in America should be this: your agents are so impressed, enthusiastic, and in love with what you do that theyâre shouting from the rooftops, telling every agent in the market to work for you.
If thatâs not happening, itâs because youâre not treating your agents with the same intensity and intentionality as your SOI.
So letâs change that. Treat them with the same respect ...
As a real estate agent, one of the challenges you face is creating engaging social media posts that spark genuine conversations with others.
I want to share a strategy thatâs simple but highly effective. I call it the âThis or Thatâ strategy.
This strategy works because people love to give their opinion. When someone asks for our opinion, we feel valuedâitâs an ego boost. And the same happens when you ask your audience.
Hereâs how it works: Say youâre taking a new listing and had professional photography done. Youâve got four options for the lead photo. Post them on social media and ask, Which one should I useâA, B, C, or D?
People love that.
Another example: if youâve virtually staged a room, show two different versions and ask, âWhich do you prefer? This or that.â
Itâs simple, but it drives high engagement.
You can also personalize this strategy. Send it as a text to your top 25 clients or include it in an email blast. There are many ways to use it.
Hereâs the psychology behi...
Here's a question for you: Are you a real estate concierge?
Whatâs a concierge? If youâve ever been to a hotel with one, theyâre the people who connect you with local shows, restaurants, and experiences. They make your stay smoother and more enjoyable.
Thatâs exactly the approach we should be taking with our clientsâand even our potential clients.
You can start the conversation like this, âHey, as a real estate professional, I work with vendors all the timeâgardeners, 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.â
Because I refer clients to these vendors regularly, my clients usually get the best pricingâand they move to the front of the line. Itâs a win-win.
When you position yourself as the go-to person for anything home-related, you naturally start having more conversations with clients. Theyâll call you and ask, âWhoâs your landscaper?â
You say, âIâve 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 referralsâjust like our clients do when we ask.
Agents arenât conditioned to send referrals unless we ask. The best time to ask is right after youâve helped them like after:
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...
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