Welcome!




Expand Your Education with These Courses from
Accredited Buyer’s Representative.
Time Management: Skills for Sales Success: Part Two.
ACE: Purchase Reverse Mortgage Course.
BPOs: The Agent’s Role in the Valuation Process.
Territory Management: Skills for Sales Success: Part Eight.

Real Estate Marketing Strategies- 5 Ways to Double Your Income Using Your SOI

Have a comment on this article? Share on Facebook!

By Dr. Maya Bailey

530lead_hires

RISMEDIA, May 30, 2009-I find that so many of my clients avoid marketing when it comes to their sphere of influence, yet statistics show that your sphere of influence can be the greatest source of referrals. Following these simple tips will allow you to easily reach out to your sphere of influence.

Tip 1: Define and rate your sphere of influence. When is the last time you took a good look at your sphere of influence? What is the total? What are the categories in that group? Do you have past clients, friends, acquaintances, people you hardly know? Before you do anything else, go into your database and group your sphere of influence into categories.

Do you know who in your sphere is likely to refer to you? Do you know who in your sphere already works with another agent? How many have moved away? Start deleting the inappropriate ones.

Be sure, at some point, to ask everyone in your sphere this question: “If you were buying or selling a home, do you have a real estate agent that could help you?” If they say “yes” delete them. There is no point in continuing, they are not prospects. By keeping in touch with your sphere of influence as described below, you’ll begin to find out who is an A, B, C, or D.

A= someone likely to refer to you

B= someone who with a little more contact with you, would refer to you

C=Questionable

D= Delete

Tip 2: Send an item of value to your sphere each month. In my 12+ years of coaching real estate agents to double their incomes, I am amazed at the fact that sometimes their sphere never gets a mailing, or sometimes the mailing is not well thought out. I worked with a client recently who admitted that the material she was sending to her sphere was standard and boring. We brainstormed about Items of value that would be interesting, fun and unique such as recipes and inspiring quotes. What do you send to your sphere of influence? Is it something you would want to receive and find valuable? If so, then I guarantee that your sphere will like it too. How many creative Items of value can you come up with?

Tip 3: Overcome your blocks to calling your sphere. Everyone I have ever worked with resists calling their sphere. They tell me things like:

“I don’t want them to think I want something from them”
“I’m afraid they won’t like me”
“I don’t want to be like a telemarketer”

The list goes on, but I think you get the idea. What you need to understand is that you’re a giver. When givers give to other givers, they get back. So, in other words, if you send an item of value, you are giving; when you chat with an individual in your sphere and listen to what’s going on in their lives, you’re giving again. So at the end of the call, say something like, ” Oh by the way, if you hear of anyone even whispering about buying or selling a home, please give me a call with their name and number.” Then say, “I’ll be happy to send referrals to your business, as well.”

After making these calls monthly (after mailing your items of value), you’ll begin to know your sphere of influence and they’ll know you. You’ll begin to learn which ones are you’re A’s, B’s, C’s and which ones to delete. Then what will happen is that you’ll be in their stream of consciousness. So you’re the first one they’ll think of when they think of real estate. Don’t be surprised if you get referrals in the first few weeks.

Tip 4: Be in the right mindset. Don’t make these calls if you’re feeling anxious, upset or desperate. Remember, desperation doesn’t sell. So psych your self up and be in the right mindset. Think of yourself as a giver and how happy your sphere is going to be to hear from you. If you have been thinking negatively, switch your focus to what you are grateful for.

Tip 5: Make it a daily ritual. Just like brushing your teeth, calling some people out of your sphere of influence is essential. Even one a day is OK. Only call several times a day if you want your income to rise quickly.

Decide when to make your calls and keep at it until you’ve reached the people you were trying to call. Expect that several weeks after doing this, it will feel a lot easier. An extra perk is that you’re going to be deepening some great relationships and you’ll experience the same pleasure of calling them as you would with a good friend.

Dr. Maya Bailey, author of Law of Attraction for Real Estate Professionals, integrates 20 years of experience as a psychologist and 12 years as a business coach with her expertise in the Law of Attraction. Get Bailey’s free report, 7 Simple Strategies For More Clients in 90 Days, by visiting www.90DaystoMoreClients.com.

Want instant access to great articles like this for your blog or newsletter? Check out our 30-day FREE trial of REsource Licensed Real Estate Content Solutions. Need easy stay-in-touch e-Marketing solutions too? Try Pop-a-Note for 99 cents!
Join RISMedia on Twitter and Facebook to connect with us and share your thoughts on this and other topics.




Copyright© 2014 RISMedia, The Leader in Real Estate Information Systems and Real Estate News. All Rights Reserved. This material may not be republished without permission from RISMedia.

Content on this website is copyrighted and may not be redistributed without express written permission from RISMedia. Access to RISMedia archives and thousands of articles like this, as well as consumer real estate videos, are available through RISMedia's REsource Licensed Content Solutions. Offering the industry’s most comprehensive and affordable content packages. Click here to learn more! http://resource.rismedia.com