Archive for the ‘ Advertising ’ Category

The Law of the Word

  The Law of the Word  
     
 

Secrets to Successful Branding – The Law of the Word2

If, we, as the real estate community really understood the concept of branding and its importance, we would save a fortune by cutting the misplaced dollars we are spending in the name of “getting their name out there.”

Most of us are re-treads – people who fell into this business and came from some other background. In 15 years of asking, I’ve only found one person who grew up wanting to be a real estate agent (and she is no longer in the business). I can’t tell you how many people I’ve interviewed as a Broker that said the reason they wanted to be an agent was because they liked houses and people. If that is the sole reason they are here my advice to them has been – “Don’t get started in this business because in 6 months you will hate them both.”

Those that make it in this industry in today’s world are those that approach it with an amount of business prowess. Unfortunately, that isn’t taught in the “learn everything you need to know to become successful in real estate in two 1weeks” class. So, we throw the newbies to the vultures (vendors who sell BS products that do nothing but line the pockets of the vendors and serve as filler our nation’s dumps). We let them sling mud on a wall and see what sticks and hope against hope that they will be one of the very few fortunate ones who will survive the first three years.

Over time, those that emerge as mega agents realize that to truly win in this you must realize that it is a business not a career (and there is a major difference) and start learning how to become the “RainMaker.” Although we have dozens of proprietary campaigns to generate more leads, from time to time, we need to strip back to the basics and dive into the philosophy to align ourselves with the right thinking to launch our business to the next level. This week, it’s all about how to brand effectively so that you may maximize your ROI in any marketing or advertising program your engage in. From Al Ries, a master of marketing and branding in the retail sector, we take the lessons and apply the fundamentals to our real estate businesses.


In Branding , There is the Law of the Word3

There is a limited amount of real estate in our consumer’s active memory. The lion’s share of the space going to the things that weighs most heavily on their mind. Because this resource is precious and limited your brand should strive to own a single word or concept in the eyes of the consumer. You are not competing with other agents; you are competing against every other professional and service industry. You have an advantage because real estate and the client’s home equity can be leveraged as an important value on a constant basis with spikes of interest as it comes time to move. But you must keep the importance on the consumer’s top of mind with all the other competing interests vying for attention.

You want to establish yourself as the expert and go-to person for real estate regardless of where they are in the buying or selling process. Become their resource and contact. Ideally, you want to get to the point where when your perfect client drives past a competitor’s sign, they think of you.

 

 
  Chris Pollinger, Mastery Coaching  
         
  PS. Have you seen our individual agent and team program that combines coaching, advanced marketing strategies with hundreds of pieces of personalized print ready marketing collateral,  specialized training, and all the tools you need to get into the top 1% of agents nationwide? Check out  YourRECoach.com for more the details.  
     
  Recommended Reading –  
         
 
 

 

 
 
         
  Copyright 2007-2010 – Mastery-Coaching.com and Chris Pollinger – ALL RIGHTS RESERVED.  
     
 

 



Five Essential Truths in Real Estate



  Five Essential Truths in Real Estate  
     
 

There have been times when I wanted to tattoo these truths on people’s foreheads, but that probably wasn’t my best idea ever.

What is a good strategy is to share these with you now, and beg you to learn them, not because I made them up (because I didn’t), but because they are true and you need to know them to succeed in business.

man with sign1. People do business with people they know, like and trust. It is not hard to develop a relationship with your prospects, but it is essential. The good news is that you can do it passively, and the bad news is that so can your competitors.

2. People buy solutions or experiences not features. This means that people buy what they want, not particularly what they need. For example, we all need to eat, and most of us need more fiber and greens in our diets, but still the majority of us choose burgers or pizza for lunch rather than steamed broccoli and a side salad.

3. People want specialists to handle their problems because they feel more confident that someone with experience and specific expertise will understand their situations more completely, and will handle it better than a generalist. Who do you want handling your brain surgery: Your general MD or a neurosurgeon?

4. Your real estate service is not the right solution for everyone, but that is no reflection on its (or your) value. You may not know all the reasons people choose not to buy from you, but you should know all the reasons they do buy so that you can find more of those people.

5. When you invite a prospect to work with you, you’re not begging for money, you are offering a valuable solution to a problem. But if all you care about is the sale, then you are a beggar.

 

 

 
  Chris Pollinger, Mastery Coaching  
         
  PS. Have you seen our individual agent and team program that combines coaching, advanced marketing strategies with hundreds of pieces of personalized print ready marketing collateral,  specialized training, and all the tools you need to get into the top 1% of agents nationwide? Check out  YourRECoach.com for more the details.  
     
  Recommended Reading –  
         
 
 

 

 
 
         
  Copyright 2007-2010 – Mastery-Coaching.com and Chris Pollinger – ALL RIGHTS RESERVED.  
     
 

 





  Secrets to Successful Branding – The Law of Publicity  
     
 

2

If, we, as the real estate community really understood the concept of branding and its importance, we would save a fortune by cutting the misplaced dollars we are spending in the name of “getting their name out there.”

Most of us are re-treads – people who fell into this business and came from some other background. In 15 years of asking, I’ve only found one person who grew up wanting to be a real estate agent (and she is no longer in the business). I can’t tell you how many people I’ve interviewed as a Broker that said the reason they wanted to be an agent was because they liked houses and people. If that is the sole reason they are here my advice to them has been – “Don’t get started in this business because in 6 months you will hate them both.”

Those that make it in this industry in today’s world are those that approach it with an amount of business prowess. Unfortunately, that isn’t taught in the “learn everything you need to know to become successful in real estate in two 1weeks” class. So, we throw the newbies to the vultures (vendors who sell BS products that do nothing but line the pockets of the vendors and serve as filler our nation’s dumps). We let them sling mud on a wall and see what sticks and hope against hope that they will be one of the very few fortunate ones who will survive the first three years.

Over time, those that emerge as mega agents realize that to truly win in this you must realize that it is a business not a career (and there is a major difference) and start learning how to become the “RainMaker.” Although we have dozens of proprietary campaigns to generate more leads, from time to time, we need to strip back to the basics and dive into the philosophy to align ourselves with the right thinking to launch our business to the next level. This week, it’s all about how to brand effectively so that you may maximize your ROI in any marketing or advertising program your engage in. From Al Ries, a master of marketing and branding in the retail sector, we take the lessons and apply the fundamentals to our real estate businesses.

One Secret is the Law of Publicity
Most of us have been taught that we need to advertise ourselves to become successful. In a counter intuitive twist,3 the birth of a brand is achieved with publicity, not advertising. Most marketersconfuse brand building with brand maintenance. Not only is PR more effective, it is far cheaper than running the advertising machine. When launching a brand we want to focus on creating buzz. Be audacious, be out there, be true to your core message but swing for the fence. They don’t build statues to those that sat on the bench and played it safe. Likewise, I have yet to meet a mega agent who has gotten there by playing it safe and trying to appeal to everyone.

I know of an agent who spent most of his waking hours pounding the living heck out of a geographical farm area. He had built a fairly large awareness of who he was and that he wasn’t going to go away. At Halloween he had his printer take his picture and make life sized paper cutout of his face and make masks out them. He then passed them the day before just in case people hadn’t landed on a costume yet. Dozens of kids used the masks and the neighborhood still talks about it years later. Did he alienate some? Absolutely, it by even the most liberal standards is audacious. Did it work? Yes, his market share went from 24% to 78% that year.

Leverage the power of Buzz and PR to launch your brand.

 

 
  Chris Pollinger, Mastery Coaching  
         
  PS. Have you seen our individual agent and team program that combines coaching, advanced marketing strategies with hundreds of pieces of personalized print ready marketing collateral,  specialized training, and all the tools you need to get into the top 1% of agents nationwide? Check out  YourRECoach.com for more the details.  
     
  Recommended Reading –  
         
 
 

 

 
 
         
  Copyright 2007-2010 – Mastery-Coaching.com and Chris Pollinger – ALL RIGHTS RESERVED.  
     
 

 



Does your logo really matter?



  Does your logo really matter?  
     
 

Every once and a while I get something that is just too good not to share. Dean is a fellow Master’s Program Graduate and is the CEO of one of the finest Ad agencies I’ve ever been exposed to. I received this article last week from him and thought it dovetailed into the branding series I just wrapped up. I hope you enjoy Dean as much as I do -

Does your company logo really make a difference?

Identity is powerful. Your logo will be front and center on every piece of promotional material you’ll ever create and it will enter the minds of millions over the lifetime of your business.2

“Just how important is my company logo?” If this question crosses your mind once in a while along with the oh so seldom: “what if I get audited thought”, keep reading. Consider for a moment that you’ll spend an estimated 5% to 10% of your annual revenue on marketing materials where your logo will be boldly communicating - a negative vibe, a mute statement, or a commitment to innovation and excellence. Identity is powerful. Your logo will be front and center on every piece of promotional material you’ll ever create and it will enter the minds of millions over the lifetime of your business.

The fact is, we live in an extremely visual society. Giorgio Armani, Ferrari, Donna Karan, Rolex, Nike, and Dell are a few representations of identity, looking good, and performing well. These companies are spending millions of dollars and thousands of personnel hours protecting and building their identities. But they’re also making truckloads of money because we live in a society where looks matter, and looks influence buying decisions in the retail and corporate worlds. The difference between these brand-committed companies and many others is that those who invest in their identity capitalize on the power that design has to lure the mind in their direction.

Based on a small research sampling of around 2000 businesses, my agency discovered that 8 out of 10 small to medium size companies had a less than adequate logo while close to half the larger ones had a less than adequate logo. We qualify “less than adequate” based on design features such as obtrusive or dated colors, incompatible type treatments, dated type treatments, clumsy or awkward graphics and type, no conveyed meaning, poor size relation, and lack of easy reproduction. We judge using these factors, plus our 20 years of experience in branding.

We decided to take it a step further and survey representatives of the companies whose cards we reviewed. It was no surprise that we discovered those with well designed logos and identities had credible stories to tell about the impact their corporate image has made in their marketplace. They remarked that positive conversations would often be started when the recipient looked at their logo, their card, their brochure, their shirt, etc. Conversations where the brand played a role in winning new business were frequent as well. Administrative staff spoke confidently about their image, sales people said they would hand out more materials, and the sales process was improved, as were sales results in most every case.

1On the flip side, we found that approximately 50% of those companies with a poor logo defended their ineffective brand. We also found adverse reactions and very little willingness to discuss the matter until we started talking to the sales and marketing people. They had plenty to say. “We hate our logo,” or “Our image stinks,” or “I’m embarrassed to hand out a business card,” and many more tiptoe slams against the brand (the company). We observed that not only was the logo unprofessional, but in about 90% of the cases, the rest of the company’s materials such as collateral and the Web followed suit and the sales staff was not motivated to present it.

At Strata-Media, we’ve designed logos for more than 1000 companies across the country, from small concerns to Fortune 500. Since our inception, we’ve never once had a client say they wished they didn’t re-design or upgrade their logo. There can be, however, timing issues when changing your logo. When you’re company relocates is a great time to change your identity because you will be re-printing most of your materials and putting up new signage. Launching a new ad campaign or producing a corporate brochure is great time because you can leverage the expense and exposure of the new printed materials and advertising. Repeated complaints from your staff are grounds to strongly consider a change. In addition to your company’s feedback, it pays to have a marketing professional review your company’s overall image about once every three to five years to ensure the brand is staying in tact. Strata-Media reviews at least 50 brands per year and every client who participates in the exercise says it was a valuable experience.

In closing, changing your logo is definitely a cost consideration, but in some cases it’s more expensive to keep an ineffective logo than it is to change it. There’s often at least one competitor with a stronger image, and that company, without question, will attract more business because of their brand and their commitment to the details. My recommendation: be that brand.

 

 
  Chris Pollinger, Mastery Coaching  
         
         
  Recommended Reading –  
         
         
 
 

 

 
 
         
  Copyright 2007-2010 – Mastery-Coaching.com and Chris Pollinger – ALL RIGHTS RESERVED.  
     
 

 



Setting Yourself Apart



  Setting Yourself Apart  
     
 

“It’s not enough to be the best at what you do; you must be perceived as the only one who does what you do.”

- Jerry Garcia

All good agents have some amount of obsession with developing their skills so that they can become the best at what they do.  Part of it is the innate competitive edge within sales people, part the natural bent to excellent customer service with those that spend their days endeavoring in a service profession.  But the GREAT agents have learned that excellence alone isn’t enough.  They understand that they have to position themselves not as an expert but THE expert. 

1

My guess is that there are more than a few other real estate practitioners in your market.  With a plethora of choices for your potential consumer, your success in real estate depends on standing out from the crowd.  You must learn the art of branding and positioning that allows your ideal clients to perceive you as THE ONLY one who does what you do.  It is one of the most important pieces of your business and your very survival depends on it.  

 

 
  Chris Pollinger, Mastery Coaching  
         
         
  Recommended Reading –  
         
         
 
 

 

 
 
         
  Copyright 2007-2010 – Mastery-Coaching.com and Chris Pollinger – ALL RIGHTS RESERVED.  
     
 

 



Have you ever really looked to see how others see you?  Take a look at your image.  By image I mean your photo and marketing look.  Would you want to purchase a home from the person in your picture?  Do they look trustworthy?  Does your photo look professional?  Does your listing have good pictures and do you have a polished look?

As I surf through Active Rain and my local MLS, I can’t help but wonder what some people were thinking when they posted their photos.  I see blurry photos, unprofessional locations and overall unappealing photos.  Now let’s be clear, I am not Mr. GQ but I did take the time and effort to have a professional photo taken.  Why?  Because I know that is the first impression my marketing will make.  I also know that in my listings, I need to present my properties in the best possible light.  Do you see magazine ads with blurry and dark photos?  As for image, do you think being on the phone makes you look “cool”.  I wish you could see what people are saying behind your back.  How many times have you skipped a listing because the home photos were dark or blurry or in some cases non existent?

Image means in lot in our business.  We are hired to market homes and sell them.  If you want to attract better buyers and sellers, you might want to start with your image and marketing look.  Ask yourself, does my marketing and image attract the right buyer?  Would I hire myself to make my property look attractive to buyers?  What IS my image to others?  May I make a suggestion?  Ask others around you to look at one of your listings online and evaluate it. Compare it to others around you.  Do you stand up to your competition?  If you don’t, take the time to make it right and watch your business change.

On a side note, I hesitated to post photos of other agents from Activerain to make my point, but I stopped.  Did you know you can go to just about any department store and get a professional photo for about 20 bucks?  What message do you send when you put out low quality marketing?  I can tell you what the message is.  The message is “I don’t care and I won’t spend money to market your home”.  Result?  Customers and business lost! 

Well, that’s me piece for today.  Hope I did not offend, I just thought I would say what I know a lot of us are thinking as we read posts from our fellow agents!  Now please, take a look at your image and make it great!  You will be glad you did!

So, you have a Profile set-up on Facebook and you’ve become Friends with many of your old classmates, family, closest friends and a few colleagues.  You may have even learned how to leverage your current or recent client’s Friend Lists to tap into their Sphere-of-Influence (SOI) to expand your own.   Now you might be wondering what do you need to say to turn all of these people into clients without boring or offending them?  The long and short answer is to BE YOURSELF, and this is going to naturally vary for each person.

First and foremost you need to keep in mind that Social Media is best served for SOCIAL relationship building.  It IS NOT a business advertising platform, but if you play the game by the ‘rules’, Social Media can be much more effective than the most expensive advertisement.  Since 74% of your business will on average come from your SOI, we at the Professional Realty Council (PRC) specialize in helping our selected member agents build their SOI in cost effective ways that positions them as the GO TO person for real estate related services in their market area.  We feel that Social Media is the most effective means of communicating and networking in real time on a large scale.  Yes, nothing beats person-to-person contact, but your time limits will prevent you from reaching enough people to be highly effective from a MARKETING standpoint.  (To learn more about PRC, please visit www.PRCStandards.net )

With this in mind, let’s get back to what content you will provide.  Through our surveys of top agents participating in Social Media, we have found that the 80%-20% rule applies.  You will want about 80% of your contact to be personal and social, and about 20% to be business related, or roughly 4 out of 5 posts should have nothing to do with the fact that you are a REALTOR.  The 80% should be about you, your family, your hopes, your dreams, your hobbies, and within reason your political and religious views.  BE YOURSELF, and DO NOT be afraid to be POLARIZING.  If you try to be everything to everybody, you are going to come across as being dull and forgettable.  If you want to keep your life private, then Social Media probably isn’t for you.  You may also want to re-think sales as your career choice.  People want to be in your Social Network because you add character, intelligence, humor and value to the collective stream of social consciousness.  If you have strong political or religious views, so long as you do not personally attack someone with differing views, you will gain Friends and Followers who share those views.  Yes, you may lose some of those who do not share the same beliefs, but the net gain of passionate followers will always outweigh the losses.  BE YOURSELF, comment on what is happening in your community, or with your children, or grandchildren, or charities, or on what is in the news.  BE ORIGINAL.  While it’s okay to on occasion copy someone else’s post (with credit being given), don’t make it a habit.  Attach photos to your albums or Flickr account, and/or videos from YouTube.  Use your smart phone to upload status updates and content as you participate:  meetings, sporting events, visits to exciting places, gatherings with friends, etc.  The idea is to let people know who the REAL YOU is.  Trust me, you will attract the like-minded people that you’ll want to become better acquainted with.

The other most important thing to do is PARTICIPATE in what others on your Live Feed are saying and doing.  On Facebook it is very easy to add a comment after someone’s Status Update to engage them in conversation.  Be positive and supportive.  Be likable.  Ask lot’s of open-ended questions.  Your comments will not only be seen by the person who wrote the original comment, but by their ENTIRE Friend List.  You can also send private messages to get to know someone better or comment on more sensative postings.  Show that YOU CARE about them.  Respond to comments that Friends add to your posts.  You want to keep the conversations moving forward.  Even if only a few people are involved in the conversation, many others will be reading the back-and-forth.

For the other 20% you want to just mix in enough content about your business to gently remind people that you are a professional and the GO TO resource for real estate information in your area.  Talk about how you helped a recent client, post links to newsworthy articles about the real estate market in your area, share classes, seminars or other educational opportunities that you’ve had or offer.  Talk about why a new listing is special or why you enjoy working with the client.  Remember, the idea is not to sell a house today, but to build long-term relationships where people in your SOI trust you enough to call you WHEN they have a need for your services.  This is no different than how you’ve positioned yourself to your SOI in the past, just with Social Media you are now able to leverage relationships much faster, in greater depth, and for FREE.  My only caution is that you manage your time wisely so that you don’t spend too much time in this one area of marketing.

I’d love to hear what Social Media prospecting techniques have worked for you.  In my next installment I’ll talk about using Twitter and Facebook in conjunction with your personal blog to reach an even wider audience.

Dennis Rosvall is the Broker/Owner or PRC Access Realty in Scottsdale, Arizona and can be reached at www.Facebook.com/DennisRosvall or www.Twitter.com/UberRealtyGuy

10 Keys to Success with Direct Mail



  10 Keys to Success with Direct Mail  
     
 

Every once and a while I get something that is just too good not to share. Dean is a fellow Master’s Program Graduate and is the CEO of one of the finest Ad agencies I’ve ever been exposed to. I hope you enjoy Dean as much as I do -

If direct mail is considered the most targeted form of advertising, then why do so many people experience miserable failure?

Most buy a list, merge it with their own, (sometimes), create a mail piece, and blast it off to a list. Next, they wait for2 the phone to ring and when it doesn’t ring, they blame direct mail for the failure. I wish I had a dollar for every business I visited that said “We tried direct mail…it didn’t work.” Truth be told, it wasn’t the fault of direct mail.

Let’s just say a few or more of the 10 keys of direct mail success never made it into the loop. The 40/40/20 rule is a broad stroke look at what makes direct mail work: 40% of the success is due to the quality of the list you’re sending to; 40% is due to the strength of your offer; and 20% is due to the graphics and printing of the mail package.

More specifically, let’s go to the 10 keys.

1. First, before you mail, make sure you have an accurate, updated prospect database, and, depending on the offer, also send to your existing clients. How and where you buy your list is critical to the success of any project. Unfortunately, most lists purchased are obsolete by the time they hit your desk. If the list isn’t current, use a title slug such as Marketing Director, President or HR Manager on your labels instead of a person’s name to get to your prospects. However, contact names are always more effective. If you’re planning to send a valuable package out to a list, spend the time to call and confirm detailed contact information. You’ll need it for follow up anyway.

2. Make sure you send a mailer that clearly presents a strong offer of real value. For example, the words FREE, COMPLIMENTARY, 2 FOR 1 or 20% OFF are gold in the direct mail arena. It’s proven that these words are mental magnets to your mail recipient. If, in the chaos of running your business, you haven’t thought of anything great to offer, create an offer of real value before you mail. Don’t try to be cute with hyper-creative copy and esoteric graphics either. They don’t call it direct mail for nothing – be direct.

3. They say color increases readership by 41%, but great copy and a well-designed piece creates readership. Color isn’t everything, but it helps and is recommended.

4. Make it easy for the recipient to respond to your offer. For example, include an “800″ number or a prepaid envelope or reply card, especially if you want more information from the prospect. This will enable you to track where the leads are coming from and measure the effectiveness of the campaign.

15. Make sure everyone in your company knows about the mailer before it goes out. You’d be surprised how many people will call an advertiser, and the employee who picks up the phone is clueless or untrained on how to field the call.

6. Use an odd shaped or oversized mail package. It stands out from the mountain of mail we receive and is always worth the extra money.

7. Test different mail packages to the same database to determine which brings a higher rate of response.

8. Never do a mass mailing without a small test mailing, and always check postal regulations for your mail campaign to see if it meets standards and is optimized for postal discount and delivery efficiency. Trust me on this one.

9. Always follow up on every mail piece with a phone call, if possible. Sales conversion rates can multiply by 10 with good telemarketing and lead qualification follow-up.

10. Don’t mail just once. To determine mailing effectiveness, mail at least three times to the same list.

11. Why eleven if it’s “The 10 keys?‘ A good marketer always goes beyond what is expected and gives something of extra value to their audience. Lastly, whatever the cost, always measure the effectiveness of every marketing effort. A good marketer always measures and does more of what works and less of what doesn’t. It’s that simple.

 

 
  Chris Pollinger, Mastery Coaching  
         
         
  Recommended Reading –  
         
         
 
 

 

 
 
         
  Copyright 2007-2010 – Mastery-Coaching.com and Chris Pollinger – ALL RIGHTS RESERVED.  
     
 

 



Expect a 10 to 1 ROI



  Expect a 10 to 1 ROI  
     
 

PictureThe shift from your current ROI (Return on Investment) is to simply expect more of everything and everyone, and raising your benchmark, including for yourself.

This is also called raising your standards, extending your boundaries and having the edge. Without these attributes in business you will struggle continuously.

Here are some key points to remember:

  1. Expect 10:1 return on development time spent.
  2. There are zillions of places you could spend your time/money/energy. Have some way of selecting only things that will give you at least a 10:1 return on time.
  3. Rather than just getting set up with projects, ideas, profit centers etc…first project how much they will pay off in sustainable revenue and profit over the next 10 years Be conservative.
  4. Projects are those goals, activities and seeds that are distinct from your current revenue stream. In order to afford projects, your business engine will need to be operating well.
  5. Don’t use projects, no matter how potentially lucrative, to escape from current needs of your biz. Integrity first, cash flow second, profit third, Project One fourth, Project Two fifth, and so on.
  6. Eventually much of your time can be spent with projects, which is great.

 

 

 
  Chris Pollinger, Mastery Coaching  
         
         
  Recommended Reading –  
         
         
 
 

 

 
 
         
  Copyright 2007-2010 – Mastery-Coaching.com and Chris Pollinger – ALL RIGHTS RESERVED.  
     
 

 



Turn Facebook Into A Prospecting Machine

If you are one of the 10’s of thousands of REALTORS to already create a Facebook profile, you may be enjoying networking with your old high school friends, family and industry colleagues.  Facebook can be addictingly fun, and can take up an enormous amount of time in your day if you let it, but is it working for you as a prospecting tool?  Are you making money from the time that you invest ‘playing’ on Facebook.

Since NAR studies show that 74% of an agent’s business will on average come from there sphere-of-influence (SOI), we at the Professional Realty Council (PRC) teach our agents ways to increase their personal (SOI) and mine it for more profitable business opportunities.  One of our methods is to maximize Social Media as a prospecting tool.  There are many things that you can do with Social Media, but here is one of the easiest ways to turn Facebook into a zero cost yet highly profitable money machine:

First, ask all of your clients in your initial interview what social media they participate in and how often.  This should become as automatic as getting their cell phone number and email address – it’s that important!  For this example, let’s assume that they are on Facebook.  You need to sell the next line, but sound excited and let them know that you are big on Facebook and ask if it would be okay to send them a Friend Request.  They’ll say sure and now you are on your way.

You might wonder what the big deal is since they are ALREADY your client, right?  Well, here’s the magic.  Think of Facebook as a Rolodex on steroids.  If you use any kind of address book, either on paper, Outlook, or Top Producer, etc., the address book is a static file that you use to look up information.  You also need to update it with changes as they occur (Plaxo members excluded.)  Also, it’s a linear relationship between you and your contact, and is only of value if you reach out and make a connection via phone, snail mail, email, or in person.  Facebook, on the other hand, is an ACTIVE address book.  It automatically updates contact info in real time, you get a constant stream of everything that is being shared as important to your contacts, AND you get exponential access to all of the people that are important in THEIR lives.  All at your fingertips.  All for FREE.

Your second step then becomes once your Friend Request is accepted, you can view their entire Friend list (Depending on individual privacy settings, you may have access to this without even Friending them.)  When you are actively working with a client, or just completed a transaction, your relationship will be at it’s highest point with your client.  Now is the best time to send a Friend Request to all of their friends.  You can do this with or without permission from your client, and with or without a personal message attached to the Friend Request.  It’s important here to NOT sound like a REALTOR or salesperson, but rather just a friend wanting to network.

For each request you send, one of three things will happen: 1) They will see that you have a mutual friend and just accept you, 2) They will ignore you, or 3) They will contact your client to see if you are a good person to Friend with.  Of course, your client LOVES you right about now so they’ll only say good things about you.  Also, the more of their friends that accept your request, the more mutual friends will be displayed – creating a bigger bond of trust as mutual friends are regarded as personal endorsements.

You can see how this can quickly and exponentially build your SOI by leveraging the goodwill that you have with your current clients.  The larger your Friend List, the more opportunities that you will have to receive warm leads.  In another blog post, we’ll talk about content to drip on them via your Status Updates/Live Feed that will build your reputation as the GO TO resource for real estate in your community.