According the National Association of Realtors(R) ("NAR") surveys completed between 1999 and 2003, 66 percent of all home buyers stick with the first real estate agent they contact. The number one reason stated was that buyers perceive all real estate agents to be the same. This means that two out of every three contacts that you receive when you are the first contact, you are most likely to get the business.
There are two major items that get in the way of this not happening. First, if you don't show them how you are different from the other realtors and if you don't have a formalized conversion system.
The NAR news is good news if you are the first contact. But what do you do if you aren't? What can you do is a more accurately way of asking? Agents know there is a wide difference between experience and competence. This doesn't really matter though, agents main target isn't selling to other agents.
The key is to create a marketing process that pushes you in front of the line of other realtors.
The 2003 NAR report stated that 71 percent of buyers use the Internet to gather information on buying a home yet only 6 percent use the Internet to find an agent. This means that 65 percent of the people visiting realty-type web sites and just there for information. The 2003 numbers are an increase from 41 percent and 3 percent in 2002. Keeping at this same growth rate, the 2004 prediction would be 91 percent and 9 percent.
The Internet is the fifth method to find agents. The first four are: referrals, repeat business, met agent at open house or office walk-in. The fifth with the Internet were yard signs. The least effective at 1% were advertising trinkets and direct mail.
What type of Internet presence do you need in order to be first contact -- or part of the nine percent in 2004? With the Internet ever evolving trying to keep up creates a throw-up-the-arms frustration at times if you're not techie savvy or paying for someone else handing the site.
There are four major keys for staying present and being in the this nine percent:
1. Automatic database system
2. An informative, interacting, and evolving web site
3. Technology support for leveraging time
4. Newsletters, printed or e-delivered.
I don't need to remind you that buyers are getting savvier every year with the Internet and with home buying. And due to this they will test your knowledge level during your first contact to see if you have what it takes to save them money, time and headaches. The latter, headaches, being
Just recently I called four real estate agent companies and asked them one question out of the yellow pages and it was amazing what I discovered and the way I was treated. One agent took my name and number, promised to call back, and never returned my call until the next day with kids and dogs
screaming in the background. It took me seven more tries to find an agent that could answer the one question correctly (the way NAR said it needs to be answered). Out of 12, 8 answered incorrectly, and four of them you could tell were "winging" the answer.
What are you doing to make yourself different? Communication skills need to be a big consideration. There are three major Internet communication items that make the determination of whether they are going to contact you or
pass you up for another web site.
1. Clear communication and instructions on the web site. This happens most of the time through linking. You ask visitors to click here but all they have is an underline on the word. Say "click here for." The other item is that
what are they going to get or find if they click there? Is it perfectly clear. Where are they going to go if they click there? Is the link taking them to another site, another page? The why, why do they need to go there, why do you want them to go there. What is their benefit for clicking there.
2. Ease of use. Is the navigational system of the site easy to use for visitors. Some people are very visual and by giving them an overall view of what they can find -- either in words or in a diagram eases their comfort level.
The more comfortable they feel at the web site, the more comfortable they are going to be taking the call to actions you have designed on the site. Create Step 1, 2, and 3s to handhold them through a process.
3. Provide details. Again, something similar to what I said in #1. Be clear, give details on what will happen if, where they will go next, or what they can expect to get or know by this. Remove the scariness of unknown quantities
and expectations. Lead visitors through your site. Give them a handshake and don't let their hand go and walk them through all the processes they came to accomplish. How are you different than other agents -- spell it out with details.
Catherine Franz, business coach. Previously a real estate agent and exec with National Association of Realtors. Additional articles and ideas about marketing to attract business: http://www.abundancecenter.com
If you want to make money on the web, you... Read More
Directory marketing can help boost your companies performance a great... Read More
Business is war.To get to the top, you must fight... Read More
If you want your customers to keep coming back To... Read More
After you have built your website the next natural step... Read More
We will start with the best, than make our way... Read More
Getting targeted web site traffic from other people's websites is... Read More
Once you have built and uploaded your home business website... Read More
It's a fact. While most link partners are scrupulously honest... Read More
Yahoo! allows you to set up your own front page... Read More
Have you ever wondered why some websites get a thousand... Read More
You have permission to publish this article electronically or... Read More
We have dealt with the tags so the search engines... Read More
You can learn many things you didn't know about your... Read More
Five Nifty Ways to Make Your Site Sticky!'Stickiness' is one... Read More
I doubt that anyone reading this article hasn't at one... Read More
Professionals in tend to under-estimate the power of the web... Read More
Do you know how your web site fits into the... Read More
Link Value is the perceived value another site will derive... Read More
My name is Barbara Mascio. I am the founder of... Read More
Every good marketing plan should have a section on ongoing... Read More
The following traffic generating ideas do not require costly set-up... Read More
Website promotion is certainly a main focus of all business... Read More
Creating a new website is only the first stage in... Read More
Web Site Awards are given from other sites to reward... Read More
Hundreds of millions of people have spent thousands of dollars... Read More
The internet has the capacity, sometimes, to divorce not just... Read More
Search engine optimisation is big business. Ezines and websites litter... Read More
Almost anyone who has tried submitting to free-for-all sites will... Read More
Writing and distributing articles is fast becoming a popular method... Read More
"One in a million". What do I mean by that?... Read More
Before one can fully understand the importance and necessity of... Read More
Would it surprise you to know that Compaq Computer? outsources?... Read More
Have you ever submitted your ad to an FFA page?... Read More
Would you attempt to use a cell phone with a... Read More
Delivering Quality Traffic to your website is essential in helping... Read More
Maybe you are a Doctor or a lawyer. You've built... Read More
I took a look at a new Website recently in... Read More
Directories are important to your ranking and success with Search... Read More
(but also one of the most crucial part)It is time... Read More
People are always wanting to attract more visitors to their... Read More
1. Start your own internet radio station. It could be... Read More
Google is the most popular internet search engine and even... Read More
1. Selling To Everyone Means You Sell to No OneIf... Read More
Fresh Web Content Yields Better Search Engine ResultsAll too often,... Read More
You may have created and established the best Web site... Read More
I was writing the final chapter of my book on... Read More
The internet is a wonderful source of information and full... Read More
Almost anyone who has tried submitting to free-for-all sites will... Read More
Giving away content is a powerful way to get free... Read More
Web Site Promotion Web Site Promotion