If you want real estate agents for clients....

18 replies
I know some of you are targeting real estate agents for QR codes, mobile sites, and even regular websites....so here's my suggestion on how to easily find them and even talk to them.

Not only am I an offline marketer, but I'm also a part time real estate agent and today I had to sit at an open house. For the most part it's 3 hours of either total boredom, or I'll be surfing the Warrior forums on my laptop. Sometimes I'll bring other work, but for the most part it's nothing all that important. Maybe folding brochures or addressing postcards.

So anyway....right when I was about to leave today, a woman came in who represented a closing company and we talked a few minutes about her services. She asked me a few questions and handed me her business card and a folder with her information. If she would have come earlier, I would have probably talked to her longer just to have something to do. But it got me thinking.

I'm sure other agents are sitting at open houses reading books or just killing time waiting for a home buyer to walk in. So why don't those of you who target real estate agents go to some open houses and ask if you can give them your info. And if they're not with a client or doing anything important, you may be able to stir up a conversation with them and do some soft selling as well. Or at a minimum, ask them questions about how they do their business such as how they find new clients and how they keep in touch with past clients.

If nothing else, you'll be able to learn more about their needs and maybe tweak your services to meet those needs even better. It would definitely be good research for you.

So here's the steps I came up with to help land real estate agents as clients.

1. Check the local paper or a broker's website to find open houses.
2. Choose a specific neighborhood or area to target.
3. Most open houses are between 1 and 4 so you'll want to visit them between 1:30 and 3:30.
4. If you see two or more cars in the driveway (one will be the agents), there's likely a homebuyer checking the place out so either wait for them to leave or go onto the next home.
5. Walk in the home with a smile and say "Hi, I'm Joe Blow from <company name> and I <insert service>. I just wanted to stop by and drop off my business card and some of my information. If you're not too busy I'd be happy to (explain/show) you what I do. Would that be ok?"
6. If they say "no thanks", then say "Ok. That's fine. But do you mind if I ask you <ask some questions that may help you learn about their business which may help you land the next agent.> then thank them and leave.

Trust me. Most real estate agents will be nice because it's in our nature Also, most agents will not be very techie, so you'll have to explain whatever you do (especially QR codes or mobile sites) in the simplest terms. And definitely tell them how they'll either get more listings or get more buyers by using your service.

BONUS TIP.....

If you're in the business of selling leads, most agents DO NOT pay for a lead unless it gets them a closed sale. We get calls every day from companies trying to sell us leads from their websites. But once we tell them we'll only pay if it closes, then most say no and hang up. They just want the quick $10 or $15 for a name.

But you'll be more successful if you're willing to sell a lead and only collect if that lead turns into a sale. This is less risk for the agent and there will be no "up front" cost for them either. They'll pay for it out of their commission.

The bad thing is that it will take longer to get paid and you'll have to track it, but you'll make a lot more money in the long run because you'll be able to charge more. Usually a % of the commission. For details about doing this, you should call a broker and talk to the manager to see what you'd need to do to set that up with their agents.

That's all I have for now....so go have fun.

Mike
#agents #clients #estate #real
  • Profile picture of the author xlfutur1
    Some great ideas, thanks for posting.

    As far as leads only paying out if there is a closed sale, that would seem to be a hard thing to track.

    Let's say I generate a lead for a realtor in my area, and I pass the name and number along to them at no cost. They work with that lead and develop a good relationship with them for a full year before that lead actually buys a home.

    Are you telling me that the realtor is going to remember I provided them that lead and write me a check for that lead a year later on their own??? Please.

    I've purchased many rental properties and homes over the last 20 years, and my experience with realtors has not been the greatest in terms of integrity and honesty. Most are just trying to survive by making the next sale, which is understandable I guess. But giving them a lead based on paying only when they make a sale seems pretty lopsided on my end.

    So I pay for adwords, time building lead gen websites, hosting, tracking phone numbers, sms costs, etc. and they only want to pay for the lead after they make thousands of dollar in commission? It seems anyone would do that deal, there is absolutely no risk on their part. Shouldn't there be some risk when you own a business?

    Maybe I'm way off base, but from my experience the real estate agent niche is a tough niche to make any money. Most are just too damn cheap to see the value in anything you can provide them.
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    • Profile picture of the author 512 Designs
      Originally Posted by xlfutur1 View Post

      Some great ideas, thanks for posting.

      As far as leads only paying out if there is a closed sale, that would seem to be a hard thing to track.
      Well, actually it doesn't have to be all that difficult if you set yourself up properly in the beginning.

      First you would have some sort of signed agreement with the agents that stated the terms (% of commission given, penalties of not paying, etc.).

      Second, you would position yourself as an asset to the homebuyer and explain how you're on their side and keep track of their homebuying progress as well as get back with them occasionally to see how things are going.

      Now, after sending the agent a lead, you would follow up a few days later via email to verify if they made contact with the homebuyer and explain how you'll follow up occasionally to see how things are going with them. You could also have them fill out some sort of online form providing a progress report once a month. This could be a stipulation in you continuing to send the agent leads.

      So between following up with the homebuyer (asking if they purchased a home or not) and following up with the agent (having them fill out a short progress report or letting you know how it's going) the agent will know not to screw you out of your commission.

      Trust me. I know agents will do whatever it takes to keep a flow of good leads coming. That's why a lot of them try to hook up with Relocation companies....and Relo companies have very strict rules and you even have to take a test to get some of them to refer you.

      So if you're able to consistantly give good quality leads that turn into closed sales, an agent (unless he/she is really stupid) will pay you so you'll keep sending him/her those leads.

      Mike
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      • Profile picture of the author midasman09
        Banned
        One of my "Promo Ideas" was to make "Videos On Speculation" for a specific niche...with Generic Info (Your Name Goes Here, Your Phone @, Your Address, Your website...etc)

        For Realtors I've done "Town Videos" and offered a Brokerage Owner or individual agents the "Opportunity" for them to place THEIR personal info on the Video...if they buy it.

        I'd take 25 to 30 digitals (still shots) of the town....put the video together with PhotoStory or ProShowGold....burn a DVD....place it in my Portable DVD Player and go visit some Real Estate offices.

        I'd ask toi see the Owner first....if he wasn't in or didn't want to buy it... I'd ask who the top 3 agents were and show to them.

        My price was $390 + $50/mo Maintenance to keep them on 1st page of YouTube.

        I'd make different Vids for a Town with diferent music background. This was a "foot in the door" thingee. Those who bought I was able to sell other stuff to.

        Agents are GREAT prospects for Mobile Sites also.

        To see what I'm referring to; Go to www.YouTube.com and enter "Venice Florida" in the box and see who comes up FIRST in the "Organics".

        Well...heavens to betsy...it's Lueanne! Now...HOW did that happen?

        So...I'd ask a RE Agent prospect or Owner they'd like to be On TOP of the Organic Listings for their Town in YouTube and show some sample Videos.

        RE Agents ARE cheap BUT...if you can "Appeal to their EGO"...by SHOWING them PROOF...you can collect checks everyday....that then leads to other stuff.

        Don Alm
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        • Profile picture of the author syncjam
          Originally Posted by midasman09 View Post

          To see what I'm referring to; Go to www.YouTube.com and enter "Venice Florida" in the box and see who comes up FIRST in the "Organics".

          Well...heavens to betsy...it's Lueanne! Now...HOW did that happen?
          So how DID you get it to the top of the list?

          Also, Would you ever sell the same video to another agent in that town? If so, I'd think they'd get mad at having a competing agent with the same video.

          Thanks...
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  • Profile picture of the author MichaelParsons
    LOL xlfutur1, you should talk to some of the mom and pops in my area. Talk about backwards thinking.

    They'll be happy to pay for my services after they've seen the results of said service, not with another business (perfectly logical and savvy), but for their own!

    "Sure...Get me $500 extra sales this month and we'll talk about paying you then."

    What am I, an illustrator? LOL

    Anyway, don't fret about the lead generation, but use the concept that 512 is talking about. If you've been in real estate then you know you're going to do a lot of work for free. Just make sure you get something in writing, or a deposit, for when the place sells.

    Or don't bother with lead-gen for Realtors. Use your other skills in IM to help them, and get paid up front for your QR code, mailing, SEO, whatever.

    Good Post 512, have been thinking about targeting Realtors in my area.
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  • Profile picture of the author Steve Solem
    Thanks for your post Mike!

    I always wondered about doing this and never wanted to interfere with someone doing their job, but if most open houses are as boring as you say, I'm going to have to give this a try soon.

    Cheers,

    Steve
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  • Profile picture of the author cicolino
    Great Post....thanks
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  • Profile picture of the author Lori Kelly
    Hello Mike.

    I'm a Realtor too. And yes, open houses are boring.

    Great tips!


    For those of you who are selling SEO/social networking services, this is a great opportunity for you.

    If I were you, I would bring my laptop but leave it in the car.

    If there is no one at the open house, then after your initial talk with the Realtor and you have piqued his/her interest, ask if it would be okay to get your laptop.

    Have a presentation ready. Realtors are (or should be) familiar with presentations. Make sure the presentation is short and powerful.

    A simple service such as selling single property listings should work well.

    If you are a website developer, you could also spend a few minutes with the Realtor and do a review of his/her website. Maybe do a Google search and see where she ranks, etc.
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  • Profile picture of the author MarissaTAVision
    I am just curious if anyone has ever tried this method?
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  • Profile picture of the author RentItNow
    Great tip, Mike. This is how I started my reno/rental business. I would go around on a Sunday talking to as many agents as I could letting them know I would do a free consultation for their clients on what needed done to help sell their house better. It worked well because most agents WANTED me to do this for their client so they sort of had a second opinion to show them.

    Maybe approach it the same way. Offer their client a service that will help them sell that house better. Perhaps free Adword campaign targeting the sub-area of the city like "south windsor house for sale" or "<street name> house for sale". Very cheap to do and effective.
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    I have no agenda but to help those in the same situation. This I feel will pay the bills.
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    • Profile picture of the author IMUniversity
      For all the realtors out there had a question.. for these 'lead generating' companies... are they generating general leads? I.e. customers looking for houses in a general area?

      Or are these companies providing leads directly to the properties you've got under you?

      (I'm new to RE market, I'm an IM'er/Developer trying to get acquainted)


      Q: Would any of you realtors out there would pay not per lead, but a monthly service per property.. about xx$ per house per month if I, as the internet marketer, pushed specific properties out and brought back leads specific to those houses.

      This is not an attempt to sell you. I'm trying to figure out how its working and how it isn't.
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  • Profile picture of the author Chad Heffelfinger
    That's a nice tip Mike, if nothing else you can learn a lot talking to them about about what they do, don't do, and would like to do regarding their marketing. This can be powerful information to use for the conversation on the next stops.
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    • Profile picture of the author daveinva
      Hey guys:

      Good discussion. My question is about market potential with realtors...How about offering them ready made promo videos of their featured property listing? is this something most realtors would like?

      In other words they completely outsource to me and I make videos for them for their marketing efforts?

      Seems like that would be pretty hot to offer, no?

      Dave
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  • Profile picture of the author IMUniversity
    I'd imagine so. Anything that helps spice their property listings would be a hot winner to help them move their stuff.

    I'm just trying to figure out if they are willing to pay for targetted lead generation marketing services, not per lead bases but just a flat monthly.
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  • Profile picture of the author bevrichh
    Hello Mike,

    I am a Realtor and yes that would work for open house...just make sure you break it down since we are not familiar with the tech. verbiage. Great thread.
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    • Profile picture of the author 512 Designs
      Originally Posted by IMUniversity View Post

      For all the realtors out there had a question.. for these 'lead generating' companies... are they generating general leads? I.e. customers looking for houses in a general area?

      Or are these companies providing leads directly to the properties you've got under you?


      Q: Would any of you realtors out there would pay not per lead, but a monthly service per property.. about xx$ per house per month if I, as the internet marketer, pushed specific properties out and brought back leads specific to those houses.

      This is not an attempt to sell you. I'm trying to figure out how its working and how it isn't.
      Q1. Most lead companies are only giving you leads from buyers looking into specific areas. Basically they'll set up some sort of lead capture page to grab buyers, and then sell those leads to agents.

      Q2. I doubt it. But something like that might work with For Sale By Owners.

      Originally Posted by daveinva View Post

      Hey guys:

      Good discussion. My question is about market potential with realtors...How about offering them ready made promo videos of their featured property listing? is this something most realtors would like?

      In other words they completely outsource to me and I make videos for them for their marketing efforts?

      Seems like that would be pretty hot to offer, no?

      Dave
      I've seen this done and I've also actually done it myself. When I put on my Realtor hat, I created THIS VIDEO for a listing using Animoto. I also took the photos in this video as well. So if you have an Animoto account with the proper licensing, you could simply make videos like this and get them ranked high on Google for that particular house or the listing agent.

      Now If I put on my videographer's hat (we own a video business as well), then I doubt I would go after Realtors to make real videos. They are very time consuming and most Realtors don't want to put up the money it takes to do them right. Not sure if it's only in my area, but I know another local videographer who did try this approach and basically worked for nothing when he added up all the hours as compared to what he got paid.

      Don't overcomplicate this. Just hit a few open houses and ask what agents are looking for when marketing listings or trying to find buyers. If it's something you can do, then try to do a soft sell to them.

      Mike
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  • Profile picture of the author bappa06
    Look great! Thanks for sharing, I thankful to all.
    If you would like to work as a real estate provider, so you may have to make own online real estate point where you get more online real estate agents for clients.For this pupose, you should to search estate contact information in each country.
    Thanks!
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  • Profile picture of the author davidbatchelor
    Hey Mike,

    There are some great tips.

    I am hoping you can help me also, do most real estate agents prefer to be emailed or called on the phone?

    The reason I ask is that I am planning on targeting real estate agents and showing them a system for getting a truckload of referrals, but I will be doing this long distance.

    Or would ut be more effective in your professional opinion to email first and then follow up with a phone call or vies versa?
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