Let’s talk dirty, shall we? Are we presently targeting people who were going through or about to go through some type of significant change in their lives and profiting from those changes—realizing that a significant portion of the realty business is generated due to “change” in a person’s life, situation or circumstance???
You see, about few months ago I began a “free publicity” campaign for my real estate coaching practice. That is, using the same “model” and style of press release I advocate using in the Ultimate Publicity Kit, I mailed out 50 releases to various daily and weekly newspapers that I knew (via research at the public library) might be interested in running material addressed toward real estate agents and brokers. My total cost was $27 for postage and about $30 for printing my “free report”, envelopes, etc. $58 total investment.
The results?
My tiny little $58 dollar investment resulted in THREE front page feature articles in major metropolitan papers… a word-for-word placement in another weekly… and three other noteworthy blurbs.
Every placement included RPS contact information and my toll free phone number wherein the reader could contact me and request a copy of a free report titled: “No More Cold Calls. How to Get Buyers and Sellers to Call YOU for a Change."
As far as “placement” is concerned, it would be pretty hard to beat the results of this tiny campaign. You can’t buy front page coverage! So from a publicity standpoint, the campaign was a tremendous success.
However, my purpose in getting all this free press was, of course, to generate a number of “free” leads for Intervision Marketing Corp. Want to take a stab at how many “leads” were generated?
How many agents and brokers saw the articles and called in response?
Here’s a clue: One front page article was run in our local business paper… a huge daily “business” press. Another in Memphis, in a “business” press with over 100,000 circulation. And another full page in a Knoxville “business” press.
What do ya think? Couple hundred? A thousand? Maybe a few thousand leads?
42! That’s right. Only 42!! Now, apart from the fact that this campaign wasn’t too wildly “successful” in generating leads (which, of course, was my goal), what is really disturbing here is the obvious conclusion one must reach…
MOST AGENTS AND BROKERS ARE NOT
THE “BUSINESS” PRESS WHICH IS ONE OF THE
GREATEST SOURCES OF LEADS OUT THERE
FOR YOU GUYS AND GALS!
I can live with the fact I didn’t make any money (well…I made some, that tiny $58 dollar investment eventually generated over $3,000 in business), but I have a very difficult time swallowing the fact that so few real estate professionals are taking advantage of the leads available in the local business press!
Somewhat disturbed (somewhat highly disturbed), I decided to conduct a little test… a little research. I went to the library and, using the microfiche records, copied the “People on the Move” section of the Nashville Business Journal all the way back into January of this year.
Then I began calling these “people on the move”—these lucky souls who have recently been promoted, transferred, or experienced some other significant “change” in their lives and/or careers—and I asked four simple questions:
- Did they receive a lot of calls upon having their “change” announced in the press?
- Were they ever contacted by any real estate agent or broker to either congratulate them, initiate a relationship, or to offer their professional services?
- Are they now or sometime in the near future looking to make a move in the real estate market as a direct result of their announced “change?”
- Had they, indeed, already made such a move or began the necessary steps to make such a move?
I called 15 individuals, whom I chose at random, for each month of six—for a total of 105 contacts. 87 of these folks said “yes” they received a lot of calls due the press announcement. Most of these calls were from friends and colleagues congratulating them. Of these 87… ONLY ONE received a call from a R/E agent!! Many had received calls from spa salespeople, financial planners, and insurance agents… but only one received a call from real estate.
Now get this. 92 of the 105 people I spoke with said “YES” they almost immediately had the urge to “upgrade” to fit their new image and position.
And of the 92… 26 had already sold and/or sold & purchased property as a direct result of their “change” and ALL the rest anticipated making a move within the next 6 to 12 months.
And only ONE received a call from a real estate agent!
Is there a window of opportunity here or what? In my neck of the woods, 26 legs equals to 5 million in volume on the low end of the scale! That’s at least a $150,000 in commissions… which nobody even ever asked for!!
So, being the sharp, capable, success-oriented marketing individuals we are, let’s “target” these folks and actively seek to establish a relationship with them.
Let’s create a simple little system of initial contact… follow up… follow up… and follow up some more until they either tell us to get lost or they eventually “upgrade” with our professional guidance and assistance.
Let’s make some easy money, shall we?
Personally, I would immediately get out some back issues of my local “business” press and begin making phone calls… conduct a brief, informal survey. In other words, II’d immediately begin cold calling these folks and attempt to get something in the works RIGHT NOW!
However, I realize not everyone is a glutton for punishment so, while this is certainly not an idea unique to me, it certainly is worth looking into since it appears hardly anyone else is doing it (though every agent and broker worth their salt should be doing at least this much):
Clip the “press release” or article announcing the “change” and either slip it into an envelope unadorned with a brief little note of introduction and perhaps your calling card… and mail it. Your note might be something as simple as “Congratulations on your promotion! Who says ‘good guys finish last?’ I’m sending this clipping along just in case you missed it in all the hub-bub.”
Even better, have the clipping laminated or mounted in some nice, yet inexpensive fashion and mail in a large business envelope. Same simple note.
Another idea (which is what I used to do) is to have a simple quote printed up on parchment which relates somehow to the “change” — for instance, if the change you’ve targeted is a promotion, a “success” quote might be nice. Make it suitable for framing. Send that, the clipping, and your brief note. The idea, of course, is to stand out above everybody and anybody that is contacting them.
Second step, 4 to 5 days after mailing… call and introduce yourself. Let the prospect know that it occurred to you that this promotion of theirs might have sparked an interest in purchasing a new home — upgrading their lifestyle. If so, or even if there is the slightest of possibilities… propose getting together and creating a buyer’s profile for them or some other type of immediate action. If they don’t express such an interest… perhaps they know of someone else who might be interested in making a change. Perhaps they might consider moving into investment properties.
Third step… continue to follow-up, follow-up, follow-up. Add this prospect to your data base and mail to the consistently — your newsletter, brief clippings you believe might be of interest specifically to them, your updated professional “resume”, letters of testimonials from others you’ve worked with within their industry or occupation. CALL these folks at least once every 60 days ”just to say hi!” Christmas cards. Birthdays. Anniversaries. You get the idea.
The hardest part of this “system” is starting it. Make the decision to commit yourself to this type program and, I promise you, your prospecting efforts will pay off big time. It is certainly worth whatever effort and creative juices you have to expend up front because the backside payoff will result in many, many, many commissions, lifetime clients, and referrals.
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2. Using the autoresponder feature of your email account, write a brief message thanking the prospect for responding to your ad and, again, encourage them to pay a visit to your site to pick up their free report, ask questions, and peruse your listings. For example:
"Thank you for requesting the FREE report: "How to save $3,000 to $30,000 when you purchase your next home." You can view, print or download the report absolutely free from my award winning site at http://www.mysite.com. Stop by. Hang around. And let me know how I can best serve you."
Okay, do you see what we have done? We write and post a nice classified ad or listing and we use our secondary email address for the contact. Also, by using the autoresponder… ALL inquires (including the spammers) will receive your brief note of introduction and giving them further instruction on how and where to receive their free report. The beauty of this system is twofold:
1. It eliminates any work on your part in answering the mail, and
2. It protects your real email address from getting into the hands of spammers.
Now here's the really neat part of this entire campaign: Simply set up the incoming filter on your email program to automatically delete any and all mail you receive from this secondary email address!
Think about it. The only mail you should be receiving from this address would be from spammers. That's it! Because the message you established on your autoresponder points all inquires to your home page. So, REAL prospects would send you an email from off your home page, using the address they found there… not your secondary address.
Make sense? Of course! So go for it! Drive that traffic to your site and don't worry about the junk mail…
Happy Selling!
Brandon Patrick
Dean of Students
Real Estate Toolbox University









