Archive for the ‘ Sales Skills ’ Category

Can We Be Honest?

 

 

 

 

 

  Can We Be Honest?  
     
 

“In a sea of other REALTOR® faces, what do you do to stand out?” 

appleI’ve asked this question countless times to agents across the country and I am constantly astonished with the answers I get.  Some reply that they give great service, some always wear a hat, some do coloring contests in their geographic farm.  But most, just look like a deer in headlights, shrug their shoulders and  stare at their shoes and mumble “I don’t know.” 

I won’t try to help those that work in real estate part-time here. Honestly, the kindest thing you can do for the field and  your clients is to get out of the business and stop pretending.  It’s not that you aren’t a great person, that Jesus doesn’t love you or anything, it’s just that both your family and your clients deserve better.  Nor am I trying to help those who are content doing a transaction every few months and call real estate home because they need a social outlet.  Again, there is room in the world for these fine people, we need those that have perfected making coffee and will work the up-desk in the office.  But for those who really want to win and make real estate your profession and business, command of market share is not a luxury but a necessity. 

90% of the market is controlled by 10% of the agents and it is not by happenstance.  When all else is boiled away, the real estate business is dominated by those who understand how to market themselves and are willing to invest the money to do so.  Yes, those that prospect can do well, but those who understand marketing create the rules and leverage them in an unfair way to work toward their advantage.  In today’s marketplace the “I’m number 1″ is quickly losing ground to the values based marketing message.  Authenticity is starting to rule the day and our consumers are demanding a level of transparency in light of the collapse of the major institutions that have ruled Wall Street for the last few decades. 

Real Estate and the world in general is becoming far more consumer centric which is a very good thing.  And those at the top of their game should be taking a look at refreshing their marketing and business before the next cycle takes hold.  Now is the time to be making those changes, not when business picks back up and the cash flow is strong.  The best place to start when looking toward your next marketing makeover look to connect to your perfect clients through those things you care most about and the values you hold most dear.  When your business is based in those ideals you won’t have to fake it, you’ll love waking up each day and you will build a business that will never be in need of clients.

 

 

 

 

 

 

 
  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.  
     
 

 

 


Be Fearless and Ask

 

 

 

 

  Be Fearless and Ask  
     
 

Do you struggle with generating enough leads?  How about key listing or showing appointments?  Conversion rates?  Closing on contracts?

As the public has accepted the reality that market has changed, the sales skills of the pros Picturehave become more and more in demand.  Strong negotiating and closing skills are ever important in today’s market climate.  No longer can we simply make our clients feel “warm and fuzzy” about the experience.  Character must be saddled with competence.  As the DNA agent dies (those who did deals solely with those related to them), the pros gain market share.  The foundations of fortunes are made in down markets. 

The single most important sales skill to get more business is to be fearless about asking for the order.  What would happen to your business if you got 10 new contacts a day by simply asking if they had an agent they currently are referring business to?  It doesn’t even have to be via door knocking, FSBO contact or working expireds (although all of those are good and viable) but it can be as simple as asking those in line at Starbucks.  How about with your current pipeline?  What would it look like to simply ask each one of them to just take the next logical step in the process?  Are you walking out of appointments without the signed contract?  Did you really ask for the order or did you let the prospect take the lead? 

Start with 10 new contacts a day for this week, then translate asking for the order at each of the next steps through the process and watch your business transform before your eyes. 

 

 

 

 

 

 

 
  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.  
     
 

 

 


Feel, Felt, Found


  Feel, Felt, Found  
     
 

PictureWhen working through a client’s objection try using the FEEL, FELT, FOUND sales skill. It can be used whenever a client objects to anything like higher than expected HOA or fear of “The Bubble”. It goes like this…

“I understand how you FEEL, other clients of mine FELT the same way. However when they FOUND out that the monthly association dues included $30 for property management expertise and another $50 for capitol improvement reserves, they realized that the additional $80 was actually a better deal than the addition risk exposure at other HOA’s”

Or

“I understand how you FEEL, I FELT the same way about the real estate bubble as well. However, I started taking a look at some of the charts and forecasts available to us as industry insiders and I FOUND that our local economy is actually very strong and this is a good time to buy and take advantage of the adjustment in the market’s pricing and lower interest rates.”

 

 
  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.  
     
 

 



6 Great Questions


  6 Great Questions  
     
 

There are six types of questions that Real Estate Salespeople ask according to Tom Hopkins in his book How to Master the Art of Selling Real Estate.

1. Piggybacking – Piggybacking is asking your next question based on their last answer.
Salesperson – “Where do you live now?”
Prospect – “in San Clemente”
Salesperson – “What do you like most about San Clemente?”
Prospect – “I like being close to the ocean.”
Salesperson – “What do you like most about being close to the ocean?”

2. Alternate Choice – Alternate choice questions have two answers – both of which indicate they are moving ahead.
Salesperson – “We can meet today at 2pm or tomorrow at 4pm, which works better for you?”

3. Involvement Questions – Involvement questions are questions they must answer as if they already own the home.
Salesperson – “Where would you place your couch in this living room?”

4. Tie Downs – A tie down isolates an objection or gives an affirmative answer.
Salesperson- “Wouldn’t you agree that this yard would be perfect for your kids?”

5. Feedback – “Feedbacking” takes a minor objection and gently feeds it back to the prospect in the form of a question.
Salesperson – “You want a larger lot? Could you elaborate on that?”

6. Porcupine – Answer the question with a question, just like if someone threw a porcupine at you, you’d want to throw it right back.
Prospect – “Is the refrigerator included?”
Salesperson – “Would you like to have the refrigerator included?”

 

 
  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.  
     
 

 



Know What You are Selling


  Know What You are Selling  
     
 

1

You don’t sell houses. Let me say it again, you don’t sell houses; especially if you want a successful marketing campaign. Yes, you may have made over $500,000 in GCI this last year, even closed 38 transactions, but you don’t sell houses.

You sell your USP or Unique Selling Proposition. There are hundreds of thousands of agents in world today. If all you do is sell houses, then there are at least a few others that are willing to do the same thing. They may even deliver it with the same level of service and for a lower commission. What makes you better than any other? Why should a client hire you and pay you the commission that you are asking?

As an industry, we have been caught without enough distinction from one another which is why we face an ongoing war with “Commission Compression” – and before you get cocky on me and say “I’m not struggling with commissions” wait until the market swings back. If you thought it was bad before…

Here’s an example of my point - If I were to buy a new BMW 7i and one dealer had one the car for $80,000 and another dealer could get the exact same car for $72,000 which would I choose? All things being equal, price will become my determining factor. But let’s say that I just wanted to buy a car that allows me to get to and from work in a safe comfortable manner. What makes me consider an $80,000 BMW versus an $18,000 Kia? Price no longer becomes the only factor. BMW knows they aren’t selling a car or mere transportation; they are selling “The Ultimate Driving Machine.”

In fact, they’ve done quite well getting buyers to buy to satisfy the buyer’s own ego needs. And more interestingly, how2 many BMW owners would cop to ego being their primary reason for buying the car? With that said – let’s not beat up on the BMW crowd too bad, the same could be said about Lexus, Mercedes and others and they don’t have the distinction of being the “Ultimate Driving Machine.”

What is your USP? Is it that you return phone calls (which is become rare these days), or do you specialize in cash-flow oriented investors, or are you pet-friendly?

What are your strengths? What can and do you do better than anyone else? What are your values and if the truth be known, does your ideal client even know? What do you care about and hold most dear?

Market around those things and you will find yourself in the rare air of those agents who make the rules about how the real estate game is played and who hold the top %1 who dominate the marketplace.

 

 

 
  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.  
     
 

 




  Procrastination is failure on the installment plan  
     
 

“Procrastination is failure on the installment plan.”

 

Why do we all seem to struggle with putting off the very things we know we should be doing, but don’t want to do?  Most of the time they are the very things that are the most important things we could be doing, those activities and tasks that make the greatest impact on our future. 

PictureProcrastination boils down on a practical level to character and perspective.  A great test of our character is the ability to maintain a resolution after the mood it was made has passed.  We often make resolutions, decisions, and goals when we feel like it.  We are inspired, motivated, or driven in the moment to thoughts of grandeur, but when the mood passes, more often than not, so does our resolve. 

Most of our changing moods and feelings are due to a shift in our perspective.  Rarely has life or the world changed, we just changed the way we think about it.  As our perspective shifts, our emotions follow suit. 

Here’s an example: Have you ever seen a picture of yourself that is, well, less than flattering?  It seemed to show the few extra pounds in a way that you hadn’t ever imagined was on public display in such an unappealing way.  So, in a moment, your perspective changed.  The world around you hasn’t, the people around you haven’t.  You haven’t.  The only thing that has now become different is how you look and feel about something that already was. 

The secret to eliminating procrastination isn’t disciple and willpower.  Sure, those will last for a little while, but the real secret for those who are looking of lasting change is learning the art of managing your perspective.

 

 
  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.  
     
 

 



Sell Skills vs Service


  Sell Skills vs Service  
     
 

PictureSell the skills you have, not your service.  I see so many agents convey the great services they offer; only they fail to recognize most agents offer the same service.  Rather than sell your services, try selling “your skills.”  In an industry where being unique is very difficult, sometimes expensive and seldom achieved, I think selling your skills may be much easier.

Think about it.  What skills do you possess that “benefit” the customer/client?  Is it that your listings sell 25%  faster than the market average, your experience is more than the market average or the education you have achieved earning real estate designations? 

Perhaps it’s something as simple as you provide more information (Internet Marketing Strategy) to the seller than the average agent does.  Whatever your skills are, that’s what you emphasize and quit trying to demonstrate to consumers your “services” are superior.

 
  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.  
     
 

 



How to Raise Your Listing Commission


  How to Raise Your Listing Commission  
     
 

PictureOne company I am working with has an agent average of $7.6 million in sales with an average commission of 2.3%. That’s $54,822 short of a full 3% per side per agent.

Make a goal to get back $20,000 of that next year. That means your commission will increase from 2.3% to 2.55%. Not an insurmountable goal.

Develop a script – that fits your own personality and way of speaking around the following points:

Here’s how:

  1. Assume that ALL sellers will asked for a reduced commission. They feel stupid if they don’t ask. But if they don’t ask…don’t bring it up!
  1. When they ask (not before) tell them your reputation is not in just getting houses sold – you get them CLOSED. And they way you do that with all your clients is to ask them “not to tie your hands up front.”
  1. The reason is that EVERY closing ALWAYS has a Last Minute Money Problem. This problem -sometimes last minute required repairs, an unanticipated increase in closing costs, a buyer a little short on closing funds – BUT whatever the dollar problem – it ALWAYS causes the seller last minute anxiety, less money than they thought they were getting and it almost always causes a delay in closes which has it’s own problems that people hate.
  1. That’s where you “come to the table”.  You look the seller in the eye -firmly and say- That’s where I come in – and I can solve it in minutes by solving the problem out of my own pocket.  I do it as a practice and as a cost of business…and I guarantee I’ll be there when you need me most.”
  1. Most importantly- When the time comes to close – Make sure you do. Buy that water heater, or broken this or that. Keep in mind that by not cutting a ONE PERCENT off the commission you saved about $5,000 or more. So find a way to kick in up to $1,000 at the end. They will forget the 1% immediately if you give it up front -but they will remember you very fondly if you buy a $750 water heater at the end. You can bet on that and you just saved $4,250!

 

 
  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.  
     
 

 



The First Step to Success

  The First Step to Success  
     
 

“The first step to success is to stop lying to yourself”

aI would dare say that the vast majority of people would consider themselves honest, ethical people.  In fact, I was in a room of 500 top producing agents when the speaker asked who in the room felt they had integrity.  98% of the room raised their hands.  When asked to lower their hand if they had ever lied to themselves or made a promise, resolution or goal and not kept it all the hands went down. 

Our quest for success starts within and to truly address the issues that are getting in the way of our achieving our wildest and most audacious dreams we need to have an honest look at ourselves.  Our justification, excuses and reasons are all hindering us.  The first step to our success is to face the truth about our situation. 

I am not talking about condemnation, guilt or shame – none of those have a place in helping us.  But honesty and truth, yes, honesty and truth will allow us to see things for what they are.  Once problems and issues are identified our mind has a way of seeking answers that were previously hidden from us.  I’m not talking in a meta-physical way, but in a very practical way.  Our mind blocks millions of things a day from our 5 senses that it doesn’t feel are relevant.  When we face our issues, the possible solutions become relevant and our mind will allow us to see and hear them.

If we want to achieve success, whether it is an increase in income, growth in business or overall life balance, we must first face the truth of where we are and the very real disparity of where we want to go and seek the solutions that will allow us to bridge the gap. 

Remember, The first step to success is to stop lying to yourself.

 

 

 

 
  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.  
     
 

 



Are You Busy Or Are You Productive



  Are You Busy Or Are You Productive  
     
 

Are you busy or are you productive? 

PictureThese are two very important questions that have to do with activity.  The first is what most agents will tell their friends, their spouse and themselves when they evaluate how they are doing.  The second is the one that matters. 

How productive are you?  How much of your day and week is spend in dollar productive activity?  Not administrative things, not organizational things, not file management things – but those things that bring in dollars, those things that directly affect income. 

How much of your time is spent in the following areas -

Sending Marketing Material to Target Market

FSBO Personal Contact

Expired Personal Contact

FSBO/Expired Phone Contact

Open Houses

New Addition to SOI

New Addition to B2B

Personal Contact with Database

Follow-up Contact

Written Contract

New Lead

Referral Lead

Accepted Contract

Seller Presentations

Buyer Presentations

Contingencies Removed

Negotiating Contracts

Previewing Houses

Showing Houses

 

 

 
  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.