When potential clients are looking for a Realtor, theyโre probably meeting with several before they decide on one. Because this is one of the biggest transactions people deal with in their lives, itโs no wonder they stress over choosing the right professional to stand by their sides and help make sure everything goes smoothly. Plus they want to LIKE you, and have a great and fun consumer experience.
So how do you help them make it easy to choose YOU as their agent? Simply put, itโs by focusing on THEM rather than yourself. Most agents they interview are going to talk mostly about themselves, their sales, their competence, blah blah blah. Any presentations or meetings with agents that the buyer/seller attends is going to run together in their minds- what is there to set them apart?
When you focus on the client, talking to them mainly about their own wants and needs, they will immediately get the feeling that youโre there to help rather than to sell them. And that interaction lays the basis for a consumer experience theyโll want to repeat, or refer others to.
Tip #1 Focus on the client
Before you meet with your potential buyer or seller, you should know something about their motivations and what theyโre looking for. Youโre not there to cram all your successes down their throats, or talk about how youโre the best agent in town – youโre there to show you have their wants and needs in mind.
For Sellers
How do you make sure sellers know you are paying attention to them and their needs? Before meeting with them:
- Pull tax records for the home
- Check MLS for past sales
- Drive by the home and take a photo- show you went the extra mile
- Ask if theyโre interviewing other agents- ask to be their final interview if possible (you want to be their last, best impression)
What YOU want from a seller is a client who is motivated to sell. Ask questions like “When do you need to move?” and “Do you need funds from this sale to move?” You want to qualify the seller during this meeting.
For Buyers
Itโs important to qualify buyers to make sure theyโre serious about buying (Read this article: https://agentinnercircle.com/qualifying-real-estate-buyers/) – but once youโve done so, how do you set yourself apart to make sure they want to work with you? Itโs the same tactic as working with sellers, above- LISTEN to what theyโre asking you for. Ask leading questions, take notes, and find out what problems theyโre trying to solve by moving. Focus your meeting on how you can help them fix those problems. See Tips #2 and #3, below.
Tip #2 Extreme Differentiation
Many agents naturally think their advertising or promotions should be centered around their services — who they are. This is a big mistake. Your business is about fulfilling desires or solving problems of your client.
This is the entire reason for creating your Unique Selling Proposition. Your USP is a simple, yet powerful concept that forces your mindset into becoming client centered โ what you will DO FOR THEM. It answers the question every prospect asks of you:
“Why should I do business with YOU, instead of any other Agent, or any other option, including doing nothing at all, or what I’m doing now?”
Your Unique Selling Proposition is the answer to that question.
Here are the elements of a great USP:
- First, your USP must answer the question: โWhy should I do business with YOU over any other options?โ Or, โWhy should I buy this home vs. any others on the market?โ Or, โWhy Should I consider this financing package over every other option?โ Do you see that your USP can be applied anywhere in your practice where you want to influence people? People want to know whatโs in it for them!
- Second, your USP must be very SPECIFIC and MEANINGFUL to your targeted audience. By specific, I mean: is it meant for them and them alone? And by meaningful, are you offering them something important to them? Donโt use vague generalities, like โmulti-million dollar producer,โ or โquality,โ or โexcellence.โ They mean nothing to your audience.
- Third, your USP must say something thatโs UNIQUE about you or your offer โ something you do different from others. Something that sets you apart in a meaningful way, and be above and beyond your prospectโs normal expectations of service from a Realtor. Thatโs why words like โexperienced,โ is fluff that doesnโt work. Who doesnโt expect you to be experienced? Thereโs nothing Unique about that term. The same is true for the designations you think are so important but the average person has no clue what they mean or how they benefit from you having them.
- Fourth, if you want to know if you have a really great USP, it must evoke the question from your audienceโฆ.
โOh really? How do you do that?โ
Here are some great examples of Unique Selling Propositions:
When Showing Homes: โThe 22 point perimeter security system means you will feel safe and secure during those nights when your husband/wife is away.โ (Turning a feature into a benefit)
When Helping Buyers: โThis financing package will save you over $2,000 in normal closing costs, and reduce your payment by $95 each monthโ
When Making A Listing Presentation: โMy exclusive 28 point marketing plan sells the average home for 97% of listing price, and in only 42 daysโ
Tip #3 Set Expectations and then EXCEED Them
Setting expectations with a client, and their great consumer experience, starts at the very first contact. Take detailed notes when talking to a prospective client (always! Keep a notepad handy), and follow-up with them immediately. They may have reached out to other agents, who took time to get back to them or maybe wonโt remember much about the conversation they had with them at first.
Be prepared with 3 important pieces of your toolset: Success Book, Marketing Plan, and a great listing presentation.
Get a free template here for a Success Book, and one for your marketing plan too! (Click the article preview below)
End the presentation by talking about how youโll communicate during the sales process, and what to expect as next steps. This period is key in helping your clients to understand what will happen next, when youโll communicate, and every piece of the process. Then, work on exceeding those steps by going the extra mile.
If you didnโt get the listing, itโs ok to ask why so you can improve for next time. If itโs not a mutual fit, thatโs ok too.
Tip # 4: Follow up!!
Hereโs where MANY agents fail. Once the sale is over, they let the relationship drop away. Youโve gotten what you wanted- why bother working a completed transaction?
WRONG. Your past clients are your most important source of referrals – theyโll even bring you repeat business if you maintain your contact with them.
What do you usually do after a sale? Do you send a gift, like Steve Vaught? (click here to read Steveโs idea) Do you send a follow-up letter asking for your clientโs testimonial or for referrals? More details about what you should be doing post-sale have been covered in a previous article: ( After-sale contact tips)
You probably should be doing all of those things, but MOST importantly youโll need to keep in touch with previous clients on at least a monthly basis.
Commit to monthly or donโt even start
The Direct Marketing Association reports that the optimum contact time is every 21 days. There have also been studies out there that say for every month you forget about your house list/clients, you lose 10% of them โ another reason for monthly contact. Finally, the NAR reports that the โaverageโ contact program takes between 8 and 12 months to โstartโ working. Weโve cut that time in half with Service For Life!, but even if it takes 10 months to start the โmarket share engineโ producing, thatโs still a great deal, considering most agents never get it going.
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