What systems do you have in place to double your business through referrals with each transaction? Top real estate agents implement great procedures to plant seeds for business referrals from the very first contact they have with a team or company.
Sit down and write out what systems you have to generate referrals from the time the lead makes contact with you all the way through the first 12 months after closing.
These three tips based on the most effective system we’ve found to generate leads post-closing. Many agents do a great job of asking for introductions to their clients’ network of family and friends, but they are missing out on a huge area of opportunity. There are referral pipelines in your clients’ network that you need to tap into, and here’s how.
1. Schedule a follow-up visit 10 to 14 days after closing
The easiest way to do this while still getting your foot in the door later is to not give a closing gift. At the closing table, drop off a handwritten thank-you note.
For example:
John and Cindy,
It’s been a pleasure serving you to help you (sell/buy) your new home. (Insert genuine compliment to them.)
Sincerely,
John
P.S. I have a gift for you. Once you get settled into your new home, I’ll come out and visit.
Then schedule a follow-up in your database or calendar for a call 10 to 14 days after closing.
Set the meeting. Show your appreciation, and visit with them.
2. Ask for introductions — not referrals — on the follow-up visit
People are much more likely to introduce you to another client than to refer you. When you ask for introductions, friends, family and neighbors are great, but to double your business — ask for introductions to the following:
- CPA
- Financial adviser
- Estate planning attorney
- Divorce attorney
- Organizations and companies they have connections to
Why choose these professions? They all have influence on your clients and prospects. The average case a divorce attorney refers out to a real estate company could result in three transactions.
People — about 12 percent — move each year. If there is an organization with 100 people in it, typically there will be 25 real estate transactions that will occur within that organization every year.
Ask for church and school administrators and board members. Ask for people who are in the human resources department of larger corporations. When people think of you, do they think of you as a real estate agent or a real estate professional?
3. Follow up
Once you get leads to these great contacts, reach out. A simple call: “Hi John, I was referred to you by (clients’ names). We recently helped them (buy/sell) their home, and they thought we should connect.
“We help (insert their profession here) with all of their clients’ real estate needs. I’d like to get together with you for coffee or a visit to your office next week to see if we might be able to help each other out.”
Visit. Give referrals to others. Receive referrals from them.
Put the time in your calendar, and watch your referrals increase two or three times over using these simple tips.
Nick Najjar is the founder My Company Gifts. Follow Nick on Facebook or connect with him on LinkedIn.