Latest / The Real Estate Agent Playbook / Are These Outdated Real Estate Tactics Costing You Clients?
Transcript
- 0:00what's up agents in a world dominated with technology
- 0:03and being the modern and cutting edge
- 0:05are those old
- 0:06outdated real estate tactics bringing you down
- 0:09are they costing you clients
- 0:11we're gonna dive in all of that and more next
- 0:19what's up guys Jeremy Kane
- 0:21EXP Realty and the Real Estate Agent playbook
- 0:23super excited for this one today
- 0:25because I hear all the time
- 0:27that the fastest way to get clients is the
- 0:31old fashioned way whether it's open houses
- 0:33cold calling door knocking
- 0:34and I'm here to break that down a little bit
- 0:36I talk a ton about modern strategies
- 0:39and today
- 0:39we're gonna talk a little bit about the old school way
- 0:41and see if it's costing us clients
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- 1:07I would be forever grateful but let's get into this
- 1:09so the old traditional tactics right
- 1:12I have heard it I've said it
- 1:14if you really want to get down to business open houses
- 1:18right open houses is something that
- 1:20is a little more comfortable for a lot of people
- 1:22compared to some of the older views
- 1:25and that's okay right
- 1:26some of the older tactics
- 1:28open houses are a little more comfortable
- 1:30because people are coming into the home
- 1:32usually willingly
- 1:34and so sometimes they're just looking
- 1:37but it is a first tell
- 1:39if somebody is looking at other houses
- 1:41houses around the market
- 1:42that they could be interested in real estate
- 1:44and they're coming in the door
- 1:45now
- 1:46I think that the old school way of doing open houses
- 1:49is absolutely old school and won't work right
- 1:51if there's you're sitting behind your laptop
- 1:54and you're just saying hey
- 1:54let me know what you think of the property
- 1:56you're not engaging you don't have you know
- 1:58things set up throughout the house
- 2:00it's not a unique experience
- 2:01you're just gonna be another open house agent
- 2:05the open houses right now seem to be that
- 2:08if they're more like an event
- 2:10and I'm not saying throw a rager or party at
- 2:12you know a client's house or somebody's listening
- 2:15but it has to be memorable
- 2:16and you have to come across
- 2:18the whole point of an open house
- 2:19is opportunity
- 2:21for you to demonstrate your knowledge of the market
- 2:23show your value and make a connection with people
- 2:26and so for doing that
- 2:27that's absolutely the case print advertising
- 2:30this is something that obviously is pretty expensive
- 2:33pretty old school and you know
- 2:35we've all been there right
- 2:36throwing junk mail away
- 2:38so on it's definitely something that um
- 2:41can be used as a strategy
- 2:43maybe along the lines of some other neighborhood pieces
- 2:46some events maybe some open houses
- 2:48maybe you know
- 2:49you're calling the neighborhood
- 2:50maybe you're doing you know
- 2:52a garage sale or something like that
- 2:54mailers typically
- 2:56you know are just kind of what it is
- 2:58you have to have something more in my opinion
- 3:00granted you'll get one out every so often
- 3:03that may just be a flyer and catcher um
- 3:06and and turn into a listing and and so on
- 3:08but make sure you're really dialing in your value
- 3:11the use of QR codes is huge
- 3:13getting people to scan those QR codes and
- 3:15and get them uh
- 3:17somewhere else right that's huge for
- 3:19for those mailers and then we have
- 3:21you know the networking referrals
- 3:23this is personally my favorite
- 3:25I don't consider this as old school as it might be
- 3:28but those big networking events and things like that
- 3:30and then cold calling of course
- 3:32picking up the phone and dialing for dollars
- 3:35having something you know
- 3:37something in your script that's a little bit different
- 3:39that catches people off guard
- 3:40so
- 3:40you're not just getting the phone slammed down on you
- 3:42and then the almighty door knocking
- 3:44this is something truthfully
- 3:46once you start to do it
- 3:49people have a little bit harder time rejecting you
- 3:51straight to your face and slamming that phone down
- 3:53so those are kind of the traditional methods
- 3:56now what I said
- 3:57there is a bunch of things that
- 4:01truthfully are pretty traditional
- 4:03but it's not about the delivery that matters
- 4:07it's about the connecting with people
- 4:10and those are the quickest ways to have people
- 4:13qualified people
- 4:14to have conversations about real state
- 4:16sharpening your saws and agent and getting the reps
- 4:20right if you can you know
- 4:22go door knock someone
- 4:23and have a conversation about real estate
- 4:25be confident about the market
- 4:26which you might not be the first time
- 4:28but you don't have to be right
- 4:30just have those conversations
- 4:31get used to the questions
- 4:33practice what happens if you blow it right
- 4:35if you blow it at a door knock
- 4:37it's it is what it is you've made a buddy
- 4:40somebody knows you in the neighborhood
- 4:41and and it is what it is
- 4:43if you answer that question wrong or whatever
- 4:45go back to your your memory bank
- 4:47write that objection down and practice it right
- 4:49practice with LGBT practice with your spouse
- 4:52practice with your best friend it doesn't matter
- 4:54but practice and eventually you will learn to
- 4:58I handle that objection
- 4:59if you have a conversation with somebody
- 5:00and they're talking about that objection
- 5:02maybe you're saying hey
- 5:03what would you say to this
- 5:04if you have a mentor or something
- 5:06but the point is you're getting reps right
- 5:08and a lot of these are kind of shotgun approaches
- 5:121% conversion 2% conversion
- 5:14I get it it's not a lot
- 5:16but if you're having 100 conversations of value
- 5:18of that especially as a newer agent
- 5:21or an agent that's looking to scale your business
- 5:23is invaluable
- 5:24so the truth is that they are pretty effective right
- 5:28the pros are that you're having these conversations
- 5:31you're put in the limelight
- 5:32you're put on the spot to have
- 5:34and answer those questions
- 5:35the cons might be the time spent um
- 5:38it does take a little bit of time
- 5:40and it is extremely hard to knock that first door
- 5:44to make that first dial to host that first open house
- 5:47and so once you're getting into these
- 5:49these methods and you're practicing and you're
- 5:52you know perfecting your craft
- 5:54then you can start you know
- 5:55being a little bit different
- 5:56throwing some curveballs in the script
- 5:59making the Open house a little bit more edgy
- 6:02and exciting and memorable
- 6:04all of these things are ways to do it
- 6:05but you gotta do the first one first
- 6:08but the truth is they are very effective right
- 6:11they are effective
- 6:12this is how you get into the business
- 6:13and if for nothing else
- 6:15you're getting the experience and the objection handles
- 6:17and those you know
- 6:19scripts and reps uh for you to better your business
- 6:22so certainly the modern way seems great
- 6:24you can hide behind a computer screen
- 6:25you can you know
- 6:26type type type that absolutely works for some people
- 6:29but it takes relentless effort and consistency
- 6:33a little bit of creativity and an appealing brand right
- 6:37and all of that just doesn't happen overnight
- 6:39and so while social media is great
- 6:42if you're a brand new agent hiding behind the keyboard
- 6:44just posting beautiful homes
- 6:46and not really engaging with true objections
- 6:49this is something that can be a piece of your business
- 6:52but very few can build an entire empire just by
- 6:56you know a
- 6:57a social media platform it has been done
- 6:59it is it happens
- 7:01but it does take time and it does take consistency
- 7:04so
- 7:05depending on when you need your next commission check
- 7:07if you have a year to wait
- 7:08to kind of build some momentum and
- 7:10and start to get clients and
- 7:12you know sift through the rental referrals
- 7:14and that kind of stuff certainly you can do that
- 7:17however most people that come to me need a paycheck
- 7:20you know within the next three months usually
- 7:22and the fastest way to do that and turn that
- 7:25that around is have these conversations
- 7:27in the places where we're talking about real estate
- 7:30we're having those reps in
- 7:31the conversions will come
- 7:33so if you are in need
- 7:35you need to be out there doing one of these things
- 7:37very actively you know
- 7:39prospecting and going out and getting it right
- 7:42social media is more of a passive
- 7:44so the however
- 7:46I wanna be very clear the combination of the two
- 7:49if you're door knocking and you're like hey
- 7:51connect with me on you know
- 7:52this neighborhood Facebook group
- 7:53this is my Facebook group I manage and we do all things
- 7:57you know northeast Holbrook Farms
- 8:00you know then that's a huge piece
- 8:03so when you start to connect
- 8:05the dots of traditional and modern
- 8:08that's where things can kind of take off
- 8:10you can build a following a little bit quicker
- 8:12and social it's a little bit less intrusive than
- 8:14you know someone giving you all of their information
- 8:17and their date of birth
- 8:18and all that stuff at an open house right
- 8:21so this is a way to kind of merge the two
- 8:23and so simultaneously you need to be doing that again
- 8:27it can happen in social media over time
- 8:29it usually takes a little bit
- 8:31because you need the brand recognition
- 8:33cause you need to build up that audience
- 8:34so what better way to build up this audience
- 8:36been doing these active
- 8:38more traditionally generation strategies
- 8:41and dumping them into that social media platform
- 8:43where you have an item of value for them to see
- 8:46whether it's market reports or
- 8:48you know interviews with lenders
- 8:49or whatever you're doing on your socials
- 8:52you know neighborhood tours
- 8:53whatever it is if they see something that interest
- 8:56speaks their interest they can absolutely do it
- 8:59you know hot idea
- 9:00open house drive them to a YouTube
- 9:03you know video
- 9:04where you had a neighborhood
- 9:05tour of the neighborhood that that house is in right
- 9:07you have somebody who's interested in the house
- 9:10you say hey
- 9:10check out my YouTube video boom
- 9:12click this QR code give me your email
- 9:15you'll get the YouTube video and here we are
- 9:17they're now on your YouTube channel
- 9:18you now have their information
- 9:20and you're off to the races
- 9:21and you've given them an item of value said oh
- 9:24this this person is kind of on
- 9:25and they connected
- 9:26this open house with the neighborhood tour
- 9:28so very very possible there however
- 9:32I will tell you when you take it all back
- 9:35when you look at it
- 9:36the only thing that you need to do in this business
- 9:38to have success
- 9:40is have as many conversations as possible
- 9:42it just so happens the traditional methods are forced
- 9:45conversations typically can be
- 9:48you know filtered into the real state realm
- 9:51where sometimes on social media
- 9:53nobody wants to talk about real estate
- 9:54and if you bring it up and you're not tactical of that
- 9:57which you can be
- 9:58I have some videos on this YouTube channel
- 10:01all about that so check those out but if you're just
- 10:06you know changing hey
- 10:07how are the kids do hey
- 10:08do you wanna buy or sell real estate
- 10:09it's really not gonna have a good conversion right
- 10:12so it's it's a fine mixture of the two
- 10:14but ultimately
- 10:15if you perfect away no matter what it is
- 10:19to have as many conversations as possible
- 10:21and you can start to you know
- 10:24inform people without being salesy
- 10:26that you're in real estate
- 10:27and that you have this knowledge
- 10:29about this
- 10:29or you can kind of work that in your conversations
- 10:32you will be just fine
- 10:34the bottom line is you need to have conversations
- 10:36you need to add context to your database
- 10:38you need to be ultimately consistent with a follow up
- 10:41and staying in touch with those people
- 10:43so when the time comes when they need you
- 10:46which usually you know
- 10:47they need you before they know you
- 10:48they need you so we have to be patient
- 10:51we have to be consistent then you are off to the races
- 10:53so I'm here to tell you that traditional lead
- 10:57strategies in real estate are
- 10:59a great way to get conversations
- 11:01and conversations are what when the day I'm over it
- 11:05leads don't matter until they are conversations
- 11:08once a lead becomes a conversation
- 11:10then you have an actual contact you have an actual
- 11:13you know point to put into your
- 11:15your database and you're off to the races
- 11:17so
- 11:18don't throw away all those traditional lead strategies
- 11:21because they just accelerate the conversation rate
- 11:24that you can have in order to accelerate your business
- 11:27so if you have any questions
- 11:28if you're interested in booking real estate game plan
- 11:30call with me book below
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- 11:35there is a pillar
- 11:36all about these active strategies in there
- 11:39please comment real Estate Agent Playbook course below
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- 11:47we'll see you next time
- 11:48on the Real Estate Agent Playbook bye bye