The Best Way To Keep In Touch With Your Past Clients

The CE Shop is the leading provider of online continuing education for real estate agents. We currently serve professionals in forty-six states and are growing daily. To see our course offerings in your state, visit The CE Shop.com today!

This week we are featuring The Lones Group. They specialize in helping Real Estate Agents, Brokers and Business Owners implement new systems and effective marketing techniques to give them a competitive edge.

The author, Denise Lones, has a rich variety of real estate experience (more about the author). She began as an agent, later as a broker and more currently a corporate trainer. To learn more about The Lones Group and Denise, check out The Lones Group.com.

The Best Way To Keep In Touch With Your Past Clients

By Denise Lones CSP, M.I.R.M., CDEI

I love technology. I really do. I love the way it has simplified my life and my business. There’s no doubt we’re lucky to live in a time when technology has played a dominant role in our lives.

But many agents seem to be so caught up in technology that they have forgotten some ideas from the good old days—ideas that still work brilliantly. Most agents don’t think they need to do these things anymore, but they’re absolutely wrong!

For example, let’s talk about that ancient device that allows you to talk to somebody even if you’re not in the same room with Phone them. Remember it? It’s called the telephone.

Sure, we all use telephones. We use them to take pictures, to send email or text messages, and to download music. But we seem to have forgotten that we can actually still talk to people on them.

Particularly when it comes to past clients, the telephone is your best friend. Many agents rely on email to be their complete follow-up system, reporting system, and contact system.

Yet email is not the most effective form of communication when re-connecting with past clients. I know this because I’ve actually tested the power of email as compared to the power of the good old-fashioned personal telephone call.

Recently, I asked some of the agents I coach to look at their database and make a list of thirty past clients they would like to reconnect with. Thirty is a manageable number, right? After all, that’s only one call per day for a month.

Initially, the agents were reluctant to make the calls. I could see it in every fiber of their body language. When I pressed them to explain their reluctance, the agents told me that the number one reason they don’t pick up the phone to call past clients is this: they simply don’t know what to talk about! So, I told them to put together a really good report about what’s going on in the market right now.

Once the report is complete, I asked them to call their past clients and say:

“Hi Barbara, this is Jen from Highland Realty. How are you? I’m glad to hear that! I’m just calling to let you know that I put a report in the mail for you that I know you will find helpful. The report talks about what is really going on in the real estate market right now.

There is so much competing news about the industry that I wanted you to have the real facts at your fingertips. The report focuses on our area and how it relates to a number of real estate issues, on both the state and national levels I hope you find it helpful.”

Now, isn’t that a fantastic icebreaker? It’s a perfect reason for the call—much better than “How are the kids? How is the dog? How are things going?”

Calling up just to ask ordinary questions raises a red flag. It makes them wonder: Why is this agent calling me? It can’t be just to find out about my kids and my dog.

But when you have something to offer—something that is helpful, informative, and reaffirms the value of their investment—your call makes much more sense and is no longer greeted with suspicion. When you offer service first, you create trust and connection with people.

So, my test team made the calls and I was pleasantly surprised at the results. One agent told me, “Denise, I have two listings that came directly from those thirty calls!”

That’s pretty substantial. Two out of thirty is a great ratio. Most of the time, agents send out hundreds of emails and may not even get one response back.

Another agent told me that one of her clients said, “I’m so glad that you called me. I always worry that you’re busy and that I might be bothering you. My husband said we would actually probably be doing you a favor by using a neighbor across the street who is a real estate agent. We do want to sell our starter home and move up to something nicer. But we figured you wouldn’t want to work on an inexpensive home like ours. You want better stuff to work with.”

Of course, the agent was shocked to hear this. The client wasn’t unhappy with the agent’s past performance—they just didn’t want to bother her.

Another agent told me, “Denise, I have four people who told me they want to list in the next three months.”

Performing this exercise really opened up the group’s eyes to the power of a personal call via the good old-fashioned telephone. While email is a great communication tool for dealing with day-to-day transaction details—your “now” business—it truly isn’t the best tool for keeping in touch with your past clients and building (or rebuilding!) your business.

Just the sound of your voice on the telephone can re-establish a past connection. That connection is only made stronger when the client realizes you are calling to offer something to them, not ask something of them! At the end of the day, a call is so much more personal than just a series of pixels that form an electronic message on a computer screen.

I challenge you to put this concept to the test. Call thirty of your past clients and see what happens!. And I want you to email me with the results. I’m willing to bet that you’ll be surprised at just how positive the experience can be!

Denise Lones became involved in Real Estate – first as an agent and then later as a broker and corporate trainer – almost two decades ago. During her sales career, she was consistently among the highest producing realtors in the market because she recognized that the home was the biggest purchase of a client's life, and she never took that lightly. During her management career, she was instrumental in helping companies reach the number one sales positions in their marketplace. The longer she stayed in the industry, the more she became convinced that she could make a difference if she focused on training others how to provide top-notch customer service as well as restructuring their businesses to efficiently use their time and effectively market their services to potential clients.

2 commentsThe CE Shop Inc. • June 23 2010 10:21AM

5 Ways to Make the Most of Education Sessions

The CE Shop is the leading provider of online continuing education for real estate agents. We currently serve professionals in forty-six states and are growing daily. To see our course offerings in your state, visit The CE Shop.com today!

This week our contributor is REAL Trends a leader in the real estate information industry and a long time partner of The CE Shop. You can learn more about REAL Trends or read more stories by visiting REALTrends.com.

5 Ways to Make the Most of Education Sessions

Networking is a must at any education session. Come prepared and you could walk away with more than just lessons learned at the sessions.

After attending the CRS ProACT education event in Las Vegas, Mike Dodge a sales associate with John R. Wood Realtors Inc. in Naples, Fla., immediately wrote himself a big note and posted it in his office: “You rarely get the opportunity to go the extra mile.”

“LeRoy Houser, CRS, said it during a session at the ProAct education conference and while it’s a tiny thing, if you stop and think about it, making opportunities takes energy. Apply this to your business and it will come back tenfold,” says Dodge, who currently has one more elective course between him and his CRS designation.Network at Education  Sessions

That one takeaway made the entire conference worthwhile, he says. “Although I did get so much in tips and insight from others who are successful in our industry,” he says.

More than anything, Dodge realizes that he has to be prepared before attending any conference or convention. “The biggest mistake I made is that I didn’t prepare. I figured I’d attend, bring some business cards and do a little networking. Sure, it’s education but don’t underestimate the referral network part of it.” Here are his five tips for getting the most out of education sessions:

  1. Review. “Review the course of study and think about what you’re doing relative to those subjects,” says Dodge. “Be open to changing the way you do things. Be ready to have some kind of curveballs come your way.” Dodge says to plan which sessions you’ll attend and bring notes about what areas of your business you want to work on.
  2. Bring. “Put together special promotional materials so at breaks you can hand them out specifically for referrals,” he says. “All I bought were business cards but some sales associates had great brochures made up specifically for these types of events. It’s something I’ll do next time.”
  3. Attend. Take advantage and attend everything. You’re only there for a week and you’re there for a purpose. Sure, you can hit the casinos but you don’t want to miss the education sessions,” he says.
  4. Implement. “When you get home, make it a goal to implement use one thing that you learned,” he says. He warns that many sales associates attend these sessions, make all kinds of notes and get excited about change that they never put it into action as the novelty wears off. “Write up a plan as soon as you get back to the office and try to implement even one new idea immediately,” he says.
  5. Follow up. “Follow up with the people you meet, even the instructors,” says Dodge. “A couple of people I didn’t even remember meeting sent me notes.” So, send out e-mails, make some phone calls and touch base with everyone you met.

CRS students and designees make sure their referrals only go to others who have put as much into educating themselves as they have. The added value you help you make fantastic friends in the industry-friends who are more than willing to share their success stories.

“If you put the energy into it, you can meet fantastic friends in the industry, gain referrals [that will be coming your way for many years to come] and more. But, you have to work for it,” says Dodge.

REAL Trends has been a trusted source for useful, timely and trusted information for over twenty years. They offer research and relevant information for every real estate professional.

1 commentThe CE Shop Inc. • June 16 2010 03:38PM

Test: Is Your Life Balanced?

The CE Shop is the leading provider of online continuing education for real estate agents. We currently serve professionals in forty-six states and are growing daily. To see our course offerings in your state, visit The CE Shop.com today!

This week we have a leader in the real estate information industry and a long time partner of The CE Shop, REAL Trends. You can learn more about REAL Trends or read more stories by visiting REALTrends.com.

Test: Is Your Life Balanced?

Core Value Assessment

Is your successful business running you ragged? Are you so focused on business that your personal life is compromised? Coach and Trainer Tom Ferry's new book, Life! By Design: 6 Steps to an Extraordinary You, offers a Core Values Assessment. Fill this out to determine how you're balancing your life in each of the Core Seven areas: Career, Intimate Relationships, Finances, Physical Health, Spirituality, Contribution/Giving Back, Desire to Learn or Grow.

Pick one answer in each of the Core Seven categories according to how you feel.

Career

  1. Don't find any time for it.
  2. Depressed and feel I've hit rock bottom.
  3. I'm ready for a change.
  4. I'm creating a plan and starting to take action.
  5. I'm happy and improving.
  6. I'm extremely satisfied and open for more.

Intimate Relationships

  1. Don't find any time for it.
  2. Depressed and feel I've hit rock bottom.
  3. I'm ready for a change.
  4. I'm creating a plan and starting to take action.
  5. I'm happy and improving.
  6. I'm extremely satisfied and open for more.

Finances

  1. Don't find any time for it.
  2. Depressed and feel I've hit rock bottom.
  3. I'm ready for a change.
  4. I'm creating a plan and starting to take action.
  5. I'm happy and improving.
  6. I'm extremely satisfied and open for more.

Physical Health

  1. Don't find any time for it.
  2. Depressed and feel I've hit rock bottom.
  3. I'm ready for a change.
  4. I'm creating a plan and starting to take action.
  5. I'm happy and improving.
  6. I'm extremely satisfied and open for more.

Spirituality

  1. Don't find any time for it.
  2. Depressed and feel I've hit rock bottom.
  3. I'm ready for a change.
  4. I'm creating a plan and starting to take action.
  5. I'm happy and improving.
  6. I'm extremely satisfied and open for more.

Contribution/Giving Back

  1. Don't find any time for it.
  2. Depressed and feel I've hit rock bottom.
  3. I'm ready for a change.
  4. I'm creating a plan and starting to take action.
  5. I'm happy and improving.
  6. I'm extremely satisfied and open for more.

Desire to Learn and Grow

  1. Don't find any time for it.
  2. Depressed and feel I've hit rock bottom.
  3. I'm ready for a change.
  4. I'm creating a plan and starting to take action.
  5. I'm happy and improving.
  6. I'm extremely satisfied and open for more.

Your answers will help you determine where you should focus your energies to move you from default by design (letting life lead you) to Living By Design (you lead your life.)

If your answers are primarily 1's and 2's, you're living by default. How does that make you feel? Are you ready to change?

If your answers are primarily 3's and 4's, living by Design should come easily to you. You're in a good place to embrace change and improve the quality of your life from good to great.

If your answers are mostly 5's and 6's, you're already on your way to living By Design. But, you're open for more, aren't you?

For more tips on how to recharge and retool your personal and business life, check out Tom's book, available at both Barnes and Noble and Amazon.com.

REAL Trends has been a trusted source for useful, timely and trusted information for over twenty years. They offer research and relevant information for every real estate professional.

1 commentThe CE Shop Inc. • June 09 2010 10:02AM

Is Technology Driving You Forward or Holding You Back?

The CE Shop is the leading provider of online continuing education for real estate agents. We currently serve professionals in forty-six states and are growing daily. To see our course offerings in your state, visit The CE Shop.com today!

This week we are featuring The Lones Group. They specialize in helping Real Estate Agents, Brokers and Business Owners implement new systems and effective marketing techniques to give them a competitive edge.

The author, Denise Lones, has a rich variety of real estate experience (more about the author). She began as an agent, later as a broker and more currently a corporate trainer. To learn more about The Lones Group and Denise, check out The Lones Group.com.

Is Technology Driving You Forward or Holding You Back?

By Denise Lones CSP, M.I.R.M., CDEI

For any business owner, technology is a powerful tool. When used to its full potential, it helps you save time, make money, and can make the previously impossible a possibility.

On the flipside, technology is equally as powerful in its ability to slow you down. It can cost you money. It can create huge challenges in your business—if you don’t know how to use it.

For most agents I work with, the biggest challenge is learning how to use technology wisely. For example, I’ll often meet an agent in class who says, “Denise, I need a system to organize my client contacts.”

I ask them what they’re using. They usually give me an answer like, “I’m currently using Microsoft® Outlook, but it’s just not powerful enough.”

I have to stop them dead in their tracks because I know for a fact that Outlook is an amazing program. It’s actually very powerful, but the average agent has no idea just how much so. Most agents have never taken an Outlook class. Instead, they’ve had the program installed, read a few tips and pointers about how to use the basic features, and assumed that’s it.

What you don’t know aboutTechnology Integration the programs you’re using may be even more powerful than what you do know. Before you run out to buy something new, first find out what you truly have right now. Your current tools may have a lot more potential than you realize.

One of the most important ways to take the fear out of technology is to face it—to actually take a hands-on practical course on how to use your software. Courses are structured so that you learn it while using it. This helps if you’re the type of person who learns by doing and can commit to a scheduled series of courses. Sometimes that’s hard in this business!

Some people—although very few in my experience—have the ability to browse through a manual and jump right into using the software.

But most of us lean technology best by doing it – by actually trying to use a technology, having a challenge, and trouble-shooting until we find a solution. It’s kind of like when you were a kid and asked your parents how to spell a word. If your parents were like mine, they probably told you to look it up, because you would remember the answer better than if they simply told you.

Well, technology is no different. And one of the most powerful websites I’ve discovered for teaching technology is lynda.com. With over 800 courses and 42,000 tutorials, there’s information on everything from Access to Zbrush3! In addition to every software system you can imagine, there is training available on Google, digital photography, podcasting, blogging, and email management. Lynda.com is the source if you have a technology challenge. The site offers the choice of either a $25/month subscription, or an annual subscription at two different price points. So not only is there information on almost any imaginable technology, you can log in and learn either via scheduled sessions or as you run into a problem and need help!

Whatever you’re doing in your business, at some point you will need technology. You can fight it for only so long.

It may seem hard to believe, but I know some agents who have quit the business because they couldn’t handle the new technology. Can you imagine that? These were strong agents with fantastic people and negotiation skills—and they leave the business due to technology!

What a sad ending to amazing real estate careers. All because they didn’t invest the time to learn about technology.

So…what specific technology should you master as a real estate agent?

First, I recommend a quality contact management system. This is critical. Whichever system you select, it needs to keep track of your contacts, your schedule, and your “to-do” list. It is your organizational system. We all need one. As I said earlier, I love Outlook – yes, Outlook!

You should also be able to understand and use Microsoft® Excel. So much can be done with this powerful program. There’s hardly a business in America that doesn’t rely on it for spreadsheets and analyses.

I also recommend that you know Microsoft® Word and Microsoft® Publisher. Microsoft® Word offers word-processing, while Microsoft® Publisher is a great tool to use when creating flyers and managing editable templates you use over and over in your business.

Regardless of how you learn, you need to invest some time in technology this year. And when I say “invest time”, I mean on a regular and ongoing basis. Because you can only absorb so much information at a time, you need to have regular technology teaching times set aside in your business.

Whatever software you choose, you have to use it. Face your fear and invite technology into your business. When you do, you will soon see how it helps your business run like a well-oiled machine.

What’s your biggest fear about technology, be it hardware or software? Tell me at denise@thelonesgroup.com. I can help you get past the fear and embrace it.

Denise Lones became involved in Real Estate – first as an agent and then later as a broker and corporate trainer – almost two decades ago. During her sales career, she was consistently among the highest producing realtors in the market because she recognized that the home was the biggest purchase of a client's life, and she never took that lightly. During her management career, she was instrumental in helping companies reach the number one sales positions in their marketplace. The longer she stayed in the industry, the more she became convinced that she could make a difference if she focused on training others how to provide top-notch customer service as well as restructuring their businesses to efficiently use their time and effectively market their services to potential clients.

2 commentsThe CE Shop Inc. • June 02 2010 10:27AM

It’s a Sales Business...Not Social Work

The CE Shop is the leading provider of online continuing education for real estate agents. We currently serve professionals in forty-six states and are growing daily. To see our course offerings in your state, visit The CE Shop.com today!

This week we have a leader in the real estate information industry and a long time partner of The CE Shop, REAL Trends. You can learn more about REAL Trends or read more stories by visiting REALTrends.com.

It’s a Sales Business...Not Social Work

by: Coaches Mike and Donna Stott with Quantum Training Systems

Do you ever feel overwhelmed? You know the, "I can't prospect because I already have too many leads and too much to do!" feeling?

But then, your leads don't end up listing or buying with you, so you still aren't making the income you want--and you can't quite figure out why other real estate professionals seem to be able to do more with less effort. Sound familiar?

Here's the secret:

1. Set standards for your buyers and sellers and qualify all leads by those standards.

2. Use Qualifying checklists for both Buyer Leads and Seller Leads. We used to call it our Buyers Questionnaire and our Sellers Questionnaire. (See Part II for the Questionnaires)

Sounds simple, doesn't it? Many times we're so overwhelmed that we don't take the time to develop these standards and checklists. Let’s stop the madness.

Here's how to set standards:

What standards do you have in place now? For example, you're licensed to sell in your entire state, right? But will you take a listing or show a buyer that is 100 miles from your office? Probably not. See? You do have some standards! It's just time to work on tightening them up and implementing them.

There are three main items:

1. Area. Don’t try to be everything to everyone… everywhere. Be the best in a defined market area. When you're truly the expert in your area, you gain respect, recognition and referrals. Be careful not to narrow your area too much.

2. Price range or Minimum Commission. How much does it cost you to take a listing or make a sale? Calculate the average. Look at hard costs, time spent (how much are you worth an hour?), gas/auto expenses, your licensing expenses divided by the number of deals a year to you do, assistant costs, etc.

What about how many listings expire? Those have to be factored in too. You spent time and money and made no return on those. Make your personal minimum commission something that is going to profit you, not just break-even. Make that part of your listing agreement or buyers agreement on properties too close to the bottom range (work with your broker on this.)

If you make the business decision to set a minimum of $X in commission regardless of how low the property sells for, you in control of your income.

3. Frustration/cooperation level. If a lead is not going to cooperate, is it worth it? On the flip side, if a client is super cooperative, you might make other concessions for that client. Choose to work with the leads that won’t drive you crazy. Stop wasting your time… you are not a social worker. You're a salesperson.

Read Part II

REAL Trends has been a trusted source for useful, timely and trusted information for over twenty years. They offer research and relevant information for every real estate professional.

1 commentThe CE Shop Inc. • May 26 2010 12:43PM

What Do All Thriving Agents Have In Common?

The CE Shop is the leading provider of online continuing education for real estate agents. We currently serve professionals in forty-six states and are growing daily. To see our course offerings in your state, visit The CE Shop.com today!

This week we are featuring The Lones Group. They specialize in helping Real Estate Agents, Brokers and Business Owners implement new systems and effective marketing techniques to give them a competitive edge.

The author, Denise Lones, has a rich variety of real estate experience (more about the author). She began as an agent, later as a broker and more currently a corporate trainer. To learn more about The Lones Group and Denise, check out The Lones Group.com.

What Do All Thriving Agents Have In Common?

By Denise Lones CSP, M.I.R.M., CDEI Thriving Business

You know them. You talk to them. You work with them.

They are those dynamic real estate agents who do well no matter what. The market can crash—but for them, that’s okay. They do well anyway.

They have that “special something”. They never become overwhelmed by anything—not by the market, not by their clients, and not by the day-to-day real estate grind.

So what is it that these thriving real estate agents have in common? What are the specifics that make them that much more successful than the rest of us?

Here are some characteristics I’ve noted that most thriving agents have in common:

1.  They have blinders on.

Sounds bad, doesn’t it? We’re not supposed to go through our lives with blinders on, right? Won’t we hit something?

Think about it for a second. Have you ever watched a horse race in which the horse has blinders on? What is the point of that?

It’s to keep the horse focused straight ahead. With so much visual stimuli coming in from all directions, the horse has the potential to spook, to get off track, or to run off if something suddenly comes up along its side. With blinders on, the horse keeps its vision in only one direction: forward.

That’s what thriving agents do. They keep their vision straight ahead. They don’t look back. They don’t get distracted every time a problem arises. If a client calls with a change of plans, the thriving agent doesn’t become rattled. They just keep their focus on moving forward.

Blinders can be auditory too. When other agents are whining about the marketplace, thriving agents don’t even hear what they’re saying. They’re just too focused on what they need to do today.

2.  They believe that failure is not an option.

One of the things thriving agents have is an uncanny belief that things will just come together. I’ve seen it happen time and time again. A thriving agent is facing incredible odds but says, “It’s okay. This will work out.”

The amazing part about this is that it usually does work out. Now, I’m not saying that there’s anything magical about this. That’s not why it works. And it’s also not just because they’re lucky. It’s simply because when thriving agents see things coming together ahead of time, they are prepared to take the action steps to make it happen.

They make it happen by getting on the phone. They make it happen by showing up. They make it happen by adding additional lead generation systems to their businesses. They make it happen with what they say, with how they say it, with their voice, with their tone, with the look they give their clients that says, “This is the most opportune time in history to buy real estate.”

They say it. They mean it. Their clients “get it”.

3.  They have a sense of self-discipline.

Thriving agents do not need a boss to light a fire under them every day. They know exactly what they should be doing with their time and they do it.

Thriving agents do not waste time on personal emails, surfing the internet, or talking to friends on the phone. They understand that their time is valuable. Every second they spend on their business during business hours means money in their pockets.

It all comes down to the value of hard work. When you see a thriving and successful agent, I guarantee that it’s the result of working hard. Thriving agents aren’t afraid to put in the time.

4.  They believe in themselves.

It’s not always easy to develop a belief in yourself. It takes time, effort, and experience. Thriving agents have made it over that hump. Thriving agents have a powerful belief in their own worth.

They believe that they truly are the best agent for the job. They believe in everything they do. Such belief is transmitted through every contact, every “hello”, and every smile.

Clients love a confident agent. They want someone who knows what they’re doing and can help them. If an agent appears wishy-washy or unsure of themselves, it sends all the wrong messages.

5.  They take time off.

I’ve said it before. I’ll say it again. It’s one of my core principles. Time off is necessary to be a thriving agent.

You may think that this contradicts what I said above about working hard, but it doesn’t. When you’re supposed to be working hard, you work hard.

But you also need rest. Improper rest is the number one source of stress and frustration I see in agents. Time off regenerates you and gives you the edge you need to be a thriving agent.

Pay attention to what thriving agents do. Do what they do and before you know it, you will be one of them.

Denise Lones became involved in Real Estate – first as an agent and then later as a broker and corporate trainer – almost two decades ago. During her sales career, she was consistently among the highest producing realtors in the market because she recognized that the home was the biggest purchase of a client's life, and she never took that lightly. During her management career, she was instrumental in helping companies reach the number one sales positions in their marketplace. The longer she stayed in the industry, the more she became convinced that she could make a difference if she focused on training others how to provide top-notch customer service as well as restructuring their businesses to efficiently use their time and effectively market their services to potential clients.

2 commentsThe CE Shop Inc. • May 19 2010 11:22AM

I Think I’ve Blown it With My Sphere of Influence - Can I Recover Their Support?

The CE Shop is the leading provider of online continuing education for real estate agents. We currently serve professionals in forty-six states and are growing daily. To see our course offerings in your state, visit The CE Shop.com today!

This week we have the outstanding entrepreneur, Jennifer Allan, who has published two books and contributed to The CE Shop course "Selling to Your Sphere of Influence." You can learn more about Jennifer by visiting her personal website: SellWithSoul.com.

I Think I’ve Blown it With My Sphere of Influence - Can I Recover Their Support?

by: Jennifer Allan, GRI, Author of Sell with Soul & If You're Not Having Fun Selling Real Estate, You're Not Doing it Right

"Dear Jennifer, I've been reading your blogs about sphere of influence (SOI) and my heart is sinking. I think I've blown it with my SOI by constantly asking them for business and referrals. Is there a way I can redeem myself with my friends, or do I have to go make all new ones? Bill"

I get this question a lot! Mostly from new or newer agents who have been brainwashed into believing that an SOI business model means that they're supposed to drive their friends nutso with constant reminders of their love for referrals. Most tell me that:

  1. they felt it was wrong, but were convinced to do it anyway, and/or
  2. they've felt their friends pull away and suspect they're avoiding the agent's calls.

Oops. Not at all good for business OR your social life!

Here's what I tell these distressed agents.

There are a couple of things they can do. If it suits their personality, they can address it head-on with an apology letter - very sincere, not too sappy, but friendly & apologetic, with a "let's move on" tone. I'm not convinced this is the best line of attack, but it might be effective if done well.

Of course, then the agent needs to follow it up with action - he needs to BE a non-referral-begging friend who happens to be a real estate agent. Coffee dates, casual emails, dinner parties - whatever socializing feels comfortable with the various members of his SOI. Oh, and he doesn't mention his real estate career unless it's appropriate, but strives to come across as a happy, enthusiastic, reliable, dependable, generally cool person who is probably a fabulous real estate agent, as well.

If the apology letter doesn't feel right, then he can just make a concerted effort to reconnect with his SOI, as above, and if the opportunity arises and it feels appropriate, give a little apology in person. The other thing he can do is strive to build his SOI by meeting new people and NEVER breathing a hint of referral-begging with them. He can meet new people thru his existing SOI and by being out there in the world with his antenna up. I consider an effective SOI strategy to be more about meeting people THRU one’s SOI, not necessarily generating business directly from the people one knows.

Of course, the best approach is to not annoy one's friends in the first place, so that there's no need for apologies or redeeming one's dignity after the fact!

Jennifer is a former top producing real estate broker, a published author, a speaker and a trainer. She has written five books about the business of selling real estate, including her flagship book: Sell with Soul: Creating an Extraordinary Career in Real Estate without Losing Your Friends, Your Principles or Your Self-Respect. Jennifer sold real estate successfully for twelve years in Denver, Colorado. From her first day on the job, she resisted the efforts of her company trainers, her broker and her fellow agents to persuade her to implement the "traditional" real estate prospecting techniques of cold calling, FSBO hunting, door knocking and geographic farming. Instead, she focused her business building efforts on the people she already knew, or the people she met. Without ever pestering a soul, she built a business based nearly 100% from business and referrals generated from her sphere of influence. Jennifer is a regular columnist at Realty Times and other real estate media outlets, a member of the RE/MAX Hall of Fame, and is one of the industry`s most popular bloggers.

You can read more about Jennifer`s philosophies at www.sellwithsoul.com.

Subscribe to Jennifer Allan's newsletter.

2 commentsThe CE Shop Inc. • May 12 2010 12:06PM

Six Ways to Destroy Your Real Estate Business

The CE Shop is the leading provider of online continuing education for real estate agents. We currently serve professionals in forty-six states and are growing daily. To see our course offerings in your state, visit The CE Shop.com today!

This week we are featuring The Lones Group. They specialize in helping Real Estate Agents, Brokers and Business Owners implement new systems and effective marketing techniques to give them a competitive edge.

The author, Denise Lones, has a rich variety of real estate experience (more about the author). She began as an agent, later as a broker and more currently a corporate trainer. To learn more about The Lones Group and Denise, check out The Lones Group.com.

Six Ways to Destroy Your Real Estate Business

By Denise Lones CSP, M.I.R.M., CDEI

Over the last twelve months, I’ve had the opportunity to see first-hand how some real estate businesses have fallen into a death spiral. And yet in the same difficult market, I’ve seen other businesses soar.

What makes the difference? What are the most common things that real estate agents do to destroy their businesses?

Real Estate Business1. Work in the moment.

While that sounds very enlightened, it’s a recipe for disaster. Working in the moment happens when an agent is working reactively—handling the crises of each day as they come along. If this describes you, then you are not paying enough attention to the past or the future. You’re allowing your business to drag you around and lead you away from the important tasks on which you need to focus.

Running your business this way leads to only two destinations: feast or famine. You are totally dependent on the whim of fate. You allow your business to run you instead of you running your business.

Instead of living in the moment, you should be planning ahead. You should have rules, including set times that you’re on and set times that you’re off. You should be following your marketing plan, which leads me to…

2. No marketing plan.

When you have no marketing plan, you are an active participant in the destruction of your business. A marketing plan clearly shows you the tasks you need to perform at specified times each month to keep your business moving forward.

Even big established corporations still have a marketing plan. Everybody knows Coca-Cola, right? So, why doesn’t Coca-Cola just stop marketing? Because if they did, a competitor would rise up overnight and steal all their customers.

“But Denise, I’m a salesperson, not a marketer.”

Wrong. We are all marketers. The shoe store on the corner sells shoes, but they’re really in the marketing business. They have to market themselves to get people to walk in the door to buy their shoes. Without marketing, they don’t exist.

By neglecting your marketing plan, you’re neglecting the building of your business. A solid, well-crafted marketing plan is the only true way to escape feast or famine.

What are the things you’re going to do on a monthly basis to keep your name top-of-mind with your clients?

3. Follow-up only when you need business.

This is possibly the biggest mistake I see agents make. They’re great at follow-up when they need a transaction now, when they see their pipeline shrinking, or when they get an unexpected bill.

If you want a successful long-term real estate business that flows with not a hint of feast or famine, then you absolutely need a strong follow-up program that runs no matter how many clients you have at any given moment.

Your clients need to hear from you on at least a monthly basis. No matter what.

And when I say “hear from you”, I do not mean email. They’re just going to delete your email. They need to be able to touch and feel something from the regular mail that they get from you every single month.

Follow-up is the driving force behind all successful real estate businesses. Without it, you will eventually burn yourself out, ending up with no leads and no ability to take your business to the next level.

4. Lack of presentation skills.

Many agents think it’s better to “wing it” when it comes to presentations. Many agents have been “winging it” for thirty years.

That may be your opinion, but your opinion doesn’t cut it when it comes to presentations. I view extensive presentation work and perform makeovers on hundreds of agents. I can tell you emphatically that I have never—ever!—seen an agent “wing” a presentation to me and been able to say, “Wow! That’s really good.” Even the agents who think they are good at presentations horrify me with their lack of skills.

Winging it doesn’t work in today’s hyper-competitive environment. You need a presentation that appeals to different personality types. It’s not a “one size fits all” world.

5. Lack of unique services.

We all tend to think that in the big picture, everyone sells real estate the same way. That could not be farther from the truth.

Every agent needs to sit down and take a good hard look at what unique services they offer their clients. What unique services do you offer for buyers? For sellers? What kind of buying or selling experience do you provide? If you can’t enthusiastically say to yourself or your clients that you provide a unique service that makes the transaction easier and smoother, then you are missing out on a great opportunity.

One of the quickest ways to destroy your business is to be like everyone else. You need to be a contrarian agent. You need to be different and special.

I know an agent who found himself working with senior citizens. Together, he and I created a “concierge program” for seniors. That included him picking the person up and delivering them home. It also included providing larger-font mailing packages created with senior citizens in mind. Was this a lot of work? You bet. Did his business dramatically improve overnight? Absolutely. Because the senior citizens rewarded him with referral business. Their children and their grandchildren lined up to work with him because his concierge senior program was so successful. Offer unique services and you will reap many rewards.

6. Lack of self-discipline.Time Management

Improper phone etiquette. Lag time in responding to emails. A messy and disorganized office. Sloppy marketing materials. All these contribute to the destruction of your business.

You need time in your daily schedule where you handle all the small tedious tasks that keep your business running.

Do you have a time set aside to work on your projects? Do you have a time where you do your communication and follow-up? Or do you get up in the morning and let the day drag you around? Start directing your own day! If you don’t, you will fall victim to exhaustion and burnout.

These are six easy ways to destroy your real estate business. If you can identify yourself in one or more of these, take the needed steps to make a change in your business.

When working with agents, I use a powerful tool that helps agents identify their weak spots. It’s called our Business Analysis. At almost five hundred questions long, it goes deep into the 30 categories that contribute to the success of your business. After completing the Business Analysis you receive a “prescription” on exactly what you need to do to take your business to the next level. You can read more about our Business Analysis here.

Denise Lones became involved in Real Estate – first as an agent and then later as a broker and corporate trainer – almost two decades ago. During her sales career, she was consistently among the highest producing realtors in the market because she recognized that the home was the biggest purchase of a client's life, and she never took that lightly. During her management career, she was instrumental in helping companies reach the number one sales positions in their marketplace. The longer she stayed in the industry, the more she became convinced that she could make a difference if she focused on training others how to provide top-notch customer service as well as restructuring their businesses to efficiently use their time and effectively market their services to potential clients.

0 commentsThe CE Shop Inc. • May 05 2010 12:05PM

Becoming a 'Trust Agent'

The CE Shop is the leading provider of online continuing education for real estate agents. We currently serve professionals in forty-six states and are growing daily. To see our course offerings in your state, visit The CE Shop.com today!

This week we have the owner and founder of Walk the Talk Presentations, Cherolyne Fogarty, who has over 18 years in real estate experience. Walk the Talk Presentations develops continuing education programs, offers speakers bureau to various organizations as well as consulting services, determines education needs and converts those needs into leading-edge, budget-friendly programs. You can learn more about Cherolyne by visiting her website: WalkTheTalkPresentations.com.

by: Cherolyne Fogarty, owner and founder of Walk the Talk Presentations, Inc.

Becoming a ‘Trust Agent’

Realtors face many challenges in today’s market, so you need every advantage possible. One of the characteristics that Realtors are known for is being ‘people-people’. They have learned (the successful ones anyway) how to build rapport and earn the trust of the consumer. And as consumers, we all tend buy from those we trust. I ran into a terrific book (that actually Trust Agentreferred to the real estate business) called, “Trust Agents” by Chris Brogan and Julien Smith.

In this brief article we’re going to take just a brief look at the 6 Characteristics of a ‘Trust Agent.’

  1. Make Your Own Game The first defining skill that trust agents seem to share is their recognition of the fact that there is the established way to do things… and then there is a game-changing way to do things. This new method, which usually involves skill, experimentation, and a comfort level with trial and error is how you break out of the mold. It’s about Standing Out.
  2. One of Us One thing that distinguishes certain people as trust agents is the simple defining question of whether a specific community sees them as ‘one of us.’ In other words – to you have ‘street credit.’ Do you ‘belong’ to the community you represent? Have you listed or sold homes in that area? Are you familiar with the prices and trends? Do you happen to live in that area? It is about belonging.
  3. The Archimedes Effect You can do any of these things well, but when you mix in your unique abilities to enhance them (i.e. using your knowledge, people, technology, or time), then what you do becomes immensely powerful. The Web is one of the best tools for increasing the power of what you do. You’ve probably seen that for yourselves. It’s all about leverage.
  4. Agent Zero No, this doesn’t mean you ARE a zero…. It means you are at the center of wide, powerful, networks. It means you make building relationships a priority – long before any business is every transacted. As Realtors, you’re probably already doing this and didn’t realize it! You look for opportunities to network and to reach out because reaching out means reaching for business. It is about developing access.
  5. Human Artist Ahhh… here it is. You may be an artist and didn’t even know it! The Human Artist is about learning to work well with people, empower people, recognize the strengths and weaknesses, and know when to improve relationships and when to step away. In business terms these are called ‘soft skills.’ This characteristic goes beyond good customer service but to a deeper level. It is about developing understanding.
  6. Build an Army No matter how great you are – you can’t do it all alone. Developing teams, developing alliances, developing your own ‘network’ of colleagues is the key to success in any business. It is about developing mass.

Cherolyne was with the Florida Association of Realtors® for 18 years. She served as the Director of Education and developed numerous programs on all aspects of real estate. Striving to meet a need in the education arena, in February 2009, she started her own company, Walk The Talk Presentations. She combines her real-world experience with top-notch speakers and programs to bring affordable solutions to state and local boards of Realtors®.

0 commentsThe CE Shop Inc. • April 28 2010 10:22AM

Why did my friend hire someone else?

The CE Shop is the leading provider of online continuing education for real estate agents. We currently serve professionals in forty-six states and are growing daily. To see our course offerings in your state, visit The CE Shop.com today!

This week we have the outstanding entrepreneur, Jennifer Allan, who has published two books and contributed to The CE Shop course "Selling to Your Sphere of Influence." You can learn more about Jennifer by visiting her personal website: SellWithSoul.com.

by: Jennifer Allan, GRI, Author of Sell with Soul & If You're Not Having Fun Selling Real Estate, You're Not Doing it Right

**sob** Why Did My Friend Hire Someone else? Oh, let me count the reasons... House For Sale

Ooooooh... it hurts. It hurts a lot. When someone you know hires someone other than wonderful YOU to represent them in the purchase or sale of a home.

It's painful - I know it is. I've been there and, especially in my first few years, was devastated every time it happened. So I get it. I understand why it can ruin your day. Especially if that paycheck would have reeeeeealy come in handy right about now.

But you know what? When it happens, it's almost never personal. Seriously. No, I'm not saying that "business is business - get over it" - I'm saying that the person who hired someone else probably had no idea it would bother you. They didn't select AGAINST you, they picked someone else! There's a big difference!!!!

Of course, sometimes it is personal. Sometimes you were selected against (but this is rare, I promise you). When that's the case, you have two choices. You can either be mad at the person for "betraying" their "obligation" to you or you can ask yourself why they felt someone else was a better choice. I vote for Option B. Look in the mirror, take the blame. Strive to improve.

It's also possible that the person is just a jerk and hired someone else to hurt you, I really doubt it. That's a pretty self-absorbed viewpoint, as if this other person's world revolves around you. But if that's the case, well, then that's a friend you really don't need to worry much about, right?

So, what are some reasons a friend or acquaintance might either

  1. Pick someone else, or
  2. NOT pick you?

I'll start:

Reasons a friend or acquaintance might pick someone else to be their Reeee-la-tor:

  1. They forgot you sell real estate
  2. Their best friend just got her real estate license
  3. They met a real estate agent at an open house and really liked him
  4. They called on a For Sale sign and really hit it off with the listing agent
  5. They're buying in a specific neighborhood and want to work with the neighborhood expert
  6. The agent they hired promised them a commission rebate
  7. The husband's boss's wife is a real estate agent, and he wants to kiss up

Reasons a friend or acquaintance might not pick YOU:

  1. They don't want to share their financial information with someone they know
  2. They thought you specialized in a different part of town
  3. They had a bad experience with another agent in your company
  4. They worked with another agent in your company in the past and would feel bad hiring you instead of them.
  5. They know too much about your personal life and doubt your stability (ouch)
  6. They think you work in higher price ranges and wouldn't be interested in their piddly little deal.
  7. They know several real estate agents and don't want to hurt anyone's feelings, so they hired a stranger

What’s the punch line? Unless you have concrete knowledge that someone set out to deliberately hurt you, assume the best. There might be a future referral in it for you!

Jennifer is a former top producing real estate broker, a published author, a speaker and a trainer. She has written five books about the business of selling real estate, including her flagship book: Sell with Soul: Creating an Extraordinary Career in Real Estate without Losing Your Friends, Your Principles or Your Self-Respect. Jennifer sold real estate successfully for twelve years in Denver, Colorado.

From her first day on the job, she resisted the efforts of her company trainers, her broker and her fellow agents to persuade her to implement the "traditional" real estate prospecting techniques of cold calling, FSBO hunting, door knocking and geographic farming. Instead, she focused her business building efforts on the people she already knew, or the people she met. Without ever pestering a soul, she built a business based nearly 100% from business and referrals generated from her sphere of influence. Jennifer is a regular columnist at Realty Times and other real estate media outlets, a member of the RE/MAX Hall of Fame, and is one of the industry`s most popular bloggers. You can read more about Jennifer`s philosophies at www.sellwithsoul.com.

Subscribe to Jennifer Allan's newsletter.

2 commentsThe CE Shop Inc. • April 21 2010 11:08AM