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Real estate prospecting is an important piece of the puzzle of real estate success, but unfortunately many agents are leaning their ladder against the wrong wall and spending time and effort on the wrong activities.

For example, many agents invest a ton of resources into getting more “leads” but don’t stop to consider whether they’re ever actually able to CONNECT with those leads. If you’re not having live conversations, your prospecting efforts aren’t yielding what they should be.

Your Personal Strategy to Building Some Serious Real Estate Wealth

If you’re struggling to make ends meet, here’s some more bad news: Economists think inflation is here to stay. And it’s likely to get worse.

You’re only option is to make some serious money.

But it’s not that easy. Or is it?

Most people don’t achieve serious wealth because they make simple mistakes. Simple, easy-to-avoid mistakes that prevent them reaching their goal of building serious wealth.

What are those mistakes? Lets look at them.

1. Depending on someone else to make you rich.

Serious flaw, here. While it might be tempting to believe this, the reality of building wealth is this: You need to do it for yourself. You can’t rely on anyone else.

2. Believing you can build serious wealth overnight.

When it comes to real estate, it seems we’re constantly bombarded by claims and stories of people who’ve made a mountain of cash in a ridiculously short time.

But let’s get real: these stories are rare. These people are a tiny minority. Plus, they’re usually the recipients of some extremely good circumstances.

That’s not to say you can’t build serious wealth quickly.

I know dozens of real estate agents who’ve gone from near bankrupt to flushed with cash in a matter of months. The key is you need a plan. I’ll get to that in a minute.

3. Working hard is the path to serious wealth.

This simply isn’t true. Yes, you have to work. And at times you will have to burn the midnight candle. But simply working hard will not make you a wealthy real estate agent.

There’s something else you have to add to the mix, which brings me to my next point.

4. Being innovative is the trick to pulling in serious wealth.

Eh, what do you think?

My mind goes immediately to all the hoopla over Web 2.0. Yes, social media is hot. Yes, social media is innovative. Yes, it’s cool. But is it bringing in the  bucks?

It could be. And I think it needs to be part of your strategy. But it in itself is not going to change the face of making real money in real estate.

Also, I’ve known people who spend all their time trying to make some new discovery that they miss the basics of real estate marketing: giving your audience exactly what they want.

Innovation, in fact, can sometimes prevent you from making money. Just walk through the dot com graveyard to see what I mean.

5. Play aggressive defense to build a mountain of cash

Super Bowl 42 was a game of defense. The Giants and Patriots pretty much kept each other from scoring. And in the end, the Giants won because they played exceptional defense.

But the Giants also put points on the board. And when it comes to building wealth, you have to do both. Defend and attack well.

Because if you lose money, you have to recover lost ground and catch up. This eats up time.

How to Accelerate Your Income

Yet, the key to making money in real estate–to steadily building your wealth so a dying market won’t kill you–is to use the power of compound marketing [name and email required].  And once compound growth kicks in, sit back and watch your income accelerate.

Compound marketing needs to be part of your overall strategy. Like I mentioned earlier, at times you will have to work hard. But combine that with a little innovation, some compound marketing and a dash of time, and you’ll begin to climb out of your hole.

The Secret of the Worlds Wealthiest Real Estate Agents

Remember when I said in order to compete in this inflation-plagued market you’ll have to make some more money? Well, that’s exactly the secret behind long time real estate stars like Roger Dawson, Howard Britton and Bob Corcoran.

Might seem simple, but they had a plan: accumulate wealth and pour it back into their business. The key, though, is they had a plan.

Do you see my point? I different times I’ve stressed this. I’m doing it again today.

Great Way for Mr. Average to Build Wealth with Low Risk

Now your probably wondering what is a good way to make money, that’s simple, easy, cheap and can make a tidy sum with low risk?

You may have never considered it before but it’s a response hotline.

Now, I know you’re not stupid. This is our product. And we’d love to do business with you. But more importantly, because we’re hearing that pain of so many real estate agents it would be dishonorable if we didn’t step up our approach.

See, I’d love nothing more than to see you succeed in today’s tough market and I truly believe that this a simple way to build wealth open to all. That’s my reason for my boldness.

Besides, I’ve been in your shoes before. I’ve struggled, swamped with debt and fought tooth-and-nail to bring in a few bucks so I could keep a roof over my children’s heads.

Furthermore, I wouldn’t be telling you this if I didn’t think this was a great way for you–whether you are an average agent or a mega producer–to build wealth quickly with such low risk. In fact, it’s our clients who are telling us this. Who are telling us its been the difference between life and emotional, mental and career death.

And finally, it’s that little bit of innovation you need to supercharge your business.

Take a peek at this innovative tool right today. Now’s a really good time with the offer we’re running. But you don’t have long. We’re pulling the offer Friday at midnight.

And if you have any questions about real estate or current market conditions, please take a few moments to enter your question in the comment box below. My goal is to provide you with some of the best marketing tips, tools and ideas to making money in real estate, but I can’t answer questions that aren’t asked.

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Try This 6-Step Lead Generation Strategy for a Shaky Market

Are you wilting in a market meltdown?

If you’re a real estate agent, there is a good chance that a daisy chain of financial disaster–collapsing housing bubble, wave of sub prime defaults, frozen corporate credit markets–has become your worst nightmare.

In your head, you may think it’s about time to panic.

Maybe sell the boat. Get a second job (if you haven’t already). Something to stop the bleeding and make ends meet.

What follows is a strategy that I think can have a phenomenal impact on your business in both the short-term and long-term.

You Can Succeed in Turbulent Times

In the short term it will bring in interested leads. In the long run, a listing or two a month, once it’s picked up some steam.

You probably won’t have to wait that long for it to pick up steam.

I’ve seen this strategy work wonders for agents in two months. In fact, one agent gets 2-5% response each time he follows one step of this strategy.

What is it?

It’s an optimum follow-up plan for renters–buyers who are in a perfect position to take advantage of the amazing housing opportunity before them.

This strategy is simple: Lure prospects in with a free educational report. After that, you’re going to follow up with a series of provocative and proven postcards and letters to convert leads into house buyers.

The Fundamentals of This Automatic Strategy

When promoting the free educational report, you’re mailings will alternate every month. One month you’ll send an article. The next month you’ll send a letter. This goes on for six months.

The articles and letters you send will explain to renters different ways they could own a home for less than it costs them to rent a home. But these aren’t just any articles and letters.

The key is personalization.

First, tear the left edge of the article, then photocopy it. After you have all of your copies, write “Mr. Smith, I thought you might like this. Gary” on the top in a blue felt pen.

This sort of personalization is a proven method for boosting your response rates.

The letters are fine-tuned tools to effectively attract attention, create interest, provoke desire and get action.

The 3 Approaches You Could Take

Now, because of the number of leads you can generate through this approach, your follow up is crucial. There are 3 approaches you could take to follow up.

  1. Mail the follow up series and wait for phone calls.
  2. Limit the number of mailers you send so you can personally call each.
  3. Enlist the help of a lending agent, affiliate or telemarketer.

Each approach, of course, has its drawbacks. The ultimate scenario occurs when you have a hungry lender. However, no matter which approach you choose, consistency is key.

Here’s how the optimum plan looks for following up with these renter leads.

Six Automatic Steps to Eager-to-Buy Clients

When the prospect calls for the report, confirm their address and take the steps toward building a relationship.

Three days after you mail the report, call each prospect to make sure they got the report. At the same time, offer something free: a list of new homes for sale or a referral for a pre-qualification. Build value. You’re trying to reduce the barrier between you and your prospect.

For those who didn’t convert on the free educational report, mail the first letter. For those who didn’t convert on letter 1, mail letter 2. For those who didn’t convert on letter 2, mail letter 3. And so on until the six month.

Crucial Attitude You Must Have with Each Follow-Up Call

First, with each phone call, seek to understand your prospect. If they are being defensive, figure out why.

Second, never shoot for the jugular. Use soft language, non-committal language. Be patient.

Your goal is to get them to accept an offer for weekly home listing updates. Once you’ve got this, you can stop mailing them.

After Step 4, the Strategy Adjusts to Strong then Stronger

Three days after you’ve mailed Letter 4, you’re goal is simply to stay in touch. Let the system work. Eventually the time will be right.

However, three days after you mail letter 6, you may want to try a sharper angle.

At this point they’ve gotten several free things from you. Ask for some kind of reciprocity–whether it’s a promise to stay in touch or just a casual commitment to receive weekly updates.

If they are still cold, simply mail them every three months.

Here’s How to Take This to a Deeper Level

If you’d like to learn more about this strategy, I’ve fleshed it out in a 22-page comprehensive report called “How to Target Renters and Get Them to Respond.”

This quick and easy report is free of charge.

In fact, along with the report, you’ll also get access to a video detailing how I used Craigslist to generate 147 leads in 39 days with one listing and a interview with a real estate trainer who coaches 6 of Wall Street’s top 50 agents.

Get instant access to this report right now. Download the “How to Target Renters and Get Them to Respond” report.

And if you have any questions about real estate or current market conditions, please take a few moments to enter your question in the comment box below. My goal is to provide you with some of the best marketing tips, tools and ideas to making money in real estate, but I can’t answer questions that aren’t asked.

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Two Free Real Estate Strategies!

It has come to our attention that we somehow landed on a couple of email black lists and as a result, many of you haven’t seen our most recent emails.

That’s not exactly the type of thing you want to hear when you’ve just sent out two emails with valuable strategies and business building information in them.

So, I decided to go ahead and create a post out of the email just in case we managed to miss any of you. If you’ve already seen these two reports, please forgive me, I just don’t want to leave any struggling agents out in the cold when I have the ability to help.

Over the past two weeks I’ve made two reports available to real estate agents, completely free of charge.

If you just want to jump right in, go to http://realestatemarketingmastery.com/renters-report, enter your name and primary email address, and you’ll be good to go.

You see, just recently I discovered an absolutely amazing (no make that beyond amazing!) marketing strategy while attempting to sell my waterfront condo at Lake of the Ozarks, in central Missouri.

Here’s what happened.

I’d heard about a free online ad source called Craig’s List, but never used it. So I thought, “What the heck? I’ve got nothing to lose. Why don’t I try posting my condo ad there?”

Well, after one try I got nothing. Not a call. Not a hit. Notta.

So I thought “Hmm? Why don’t I take some of the ideas I’ve been teaching agents for the last 12 years and apply them to this thing?”

My next run?

One or two calls…nothing great.

So I tweaked my ad a little bit.

Then…three or four calls…a little better.

So I tweaked it on last time…and then it happened!

My ad started to gather some steam. This time I got 11 calls the same day I posted. That’s when I knew I had something. After three or four revisions of my ad, subject line and a variety of other things, I had, almost by accident, discovered a formula that generated 147 inbound leads for my condo in the next 38 days!

And the best part was it didn’t cost me one red cent!

I got good quality prospects calling me day and night from a source that didn’t cost me a thing, except 5-10 minutes a day to post and re-post my ad. What was even more amazing is the fact that I did it all with just ONE listing…my condo.

All I could think was… “This is CRAZY!”

I’m getting leads out the ying yang…they’re good quality leads…and I’m doing this all while agents around the country are literally dying and dropping like flies.

Armed with this new knowledge, I put together a quick video (don’t worry, it’s 100% free) that explains exactly how I got 147 Leads in 38 Days from just 1 Listing. More importantly, I take you step-by-step through this information, and show you how to apply it to your real estate business and start generating leads right now.

Again, let me stress the fact that there’s no sales pitch, no catch, I am simply trying to help agents around the country that I know are struggling right now.

To watch the video, just go to http://realestatemarketingmastery.com/renters-report and enter your name and primary email address. We’re trying to avoid any future black list issues so you’ll have to verify your request.

Once you’ve verified your request, you’ll be given the access code to both the “147 Leads, 38 Days, 1 Listing” video as well as the 22 page Renters Report.

The Renters Report is another potent, high-powered strategy for you that will help you grow your business even in the midst of this struggling market.

In fact, it will show you how to capture huge chunks of market share and grow your business like never before…because of this tough market!

You see, every market has unique opportunities to profit…if you know what to look for and how to go after the business.

And in this tough market right now…foreclosures…resetting adjustable rate mortgages…declining property values…it’s created a “perfect storm” in the housing market that’s been a nightmare for sellers but an absolute dream for buyers.

If you have a well-developed strategy for working with Renters you can exploit a very timely series of events and start generating those sought after buyers leads right now, at a time when your competition is searching for scraps.

Rather than just giving you a quick general overview of how to target, and more importantly convert renters into buyers, I wanted to give you something that you can use, something substantial that you can take and put to use immediately and begin to see results in your business. So, I’ve decided to provide you with a comprehensive 22 page Renters Report.

This report is absolutely awesome! It gives you step-by-step instructions, precise details, a six-part mailing program, six follow up mailers, and word-for-word phone scripts to help you follow up with the leads you generate!

Ok, that should bring all of you affected by the black list issue up to date. To request your copy of these two 100% free reports, simply go to http://RealEstateMarketingMastery.com/renters-report, and enter your name and your primary email address. Again, there’s no sales pitch, no hidden cost, it’s just solid usable information that will help you not only survive this market, but thrive in it.

The comments on this post will be closed, not because I don’t want your feedback on this, I absolutely do. I would just prefer it if you’d post your feedback over on the Real Estate Marketing Mastery blog so that we don’t fragment the conversations.

Thanks and here’s to your success!

The 3 Reasons Why You Don’t Convert Online Visitors to Leads

Let me start by asking you a question: How many holes are in your bucket?

I use the leaky bucket metaphor for a site that doesn’t successfully convert visitors into leads. Traffic fills the bucket but leaks out of holes.

Deal is, you need to plug as many of these holes as possible.

How many holes are in your bucket?

Great question to ask yourself as you lie awake at night worrying about when the next lead is going to come in.

There are many reasons websites don’t generate the anticipated amount of business. Below are three of the most basic, easiest to address and often overlooked issues.

No One Can Find It

Sorry to be so blunt: If you built a site but did not optimize it before submitting to search engines, don’t expect to be found.

Okay, you may be found for your name. But not for the important keywords that searchers will typically use when looking to buy or sell homes.

And how often does someone go looking for real estate by typing in your name? Unless they know you. But I bet you’ve fatigued that list out already.

You need new leads.

Now, not being found on the search engines may not be important to you if you have a big marketing budget and actively conduct campaigns to promote your site.

But the majority of agents aren’t in this position.

Most are seeking lower cost options for promoting their sites. Most are struggling to stay afloat. If this describes your situation, it’s time to seriously look into search engine optimization, especially local search.

It works, and it can be done with a limited budget AND it can provide a high return on investment.

Does it still pay to optimize for search engines? Both with your time and talent?

Yes. But take a balanced view. Sweat the small stuff and don’t sweat the small stuff. You’ll see what I mean.

Your Call to Action Is Missing or Buried in Your Site

What do you ultimately want your visitors to do? You’ve got to make that crystal clear. Watch a video? Sign up for your mailing list? Search for homes? Take some other actions?

This is especially important: Can visitors take these actions on or within one click of your home page?

Include a call to action on your Home page and at appropriate points throughout your site.

And I’m not talking about an implied sales message, but a clear and direct call to action. Take a hint from The Real Estate Tomato, RSS Pieces, Russell Shaw or Craig Forte.

Visit these websites and see if you can find their call to action quickly.

Many people shy away from using bold, clear call to actions because they don’t want to appear too aggressive.

The reality is your visitors want you to make your call to action clear to them. They want to know from the start what they can accomplish on your site.

I’m not suggesting that you include pushy sales pitches. But I am saying you need to pro-actively invite your visitors to order, request, subscribe, sign-up, click or visit.

Find a tone that is appropriate for your site and add at least one specific call to action to your site today.

Tip: Read this article from hubspot to help you create strong call to actions.

You Stink at Lead Follow-Up

Having a well defined strategy to follow up on any leads generated from your site is key to converting visitors to leads. But we all know this is easier said then done–especially if you have a tight budget.

When you are short on cash, dig deeper into your creativity. I suggest you use your creativity to find cost effective ways to follow up on your leads.

Our browse Bill Rice’s list of Top 100 Tips for Lead Management and Sales Success.

This is also priceless [kind of]: read this case study by MarketingSherpa on How to Use Auto-responders to Convert Skeptical Visitors [paid subscription, but 7 day free trial to read the article. It’s worth it. Trust me.].

Leave a comment if this post was helpful or if you have anything you’d like to add. And if you like what you read, subscribe to the real estate marketing blog.

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Get Attention: 10 Unorthodox Ideas That Really Work

P. T. Barnum once said, “Without promotion something terrible happens. Nothing.”

Barnum was probably called an “attention junkie” repeatedly throughout his life for his outrageous stunts and hoaxes for promotional purposes. But you know what? He probably wore that label like a badge of honor.

Of course he had to be an attention junkie. He was trying to make some money.

But he was also insanely focused on delivering exceptional value to his customers. He even crusaded against schemers and charlatans that swindled people out of money.

So self-promotion isn’t evil. Just another way to generate business. And it can be fun. Especially if you take an unorthodox slant, as you’ll see from the following list.

1. View blog comments as a network tool.

Maki at Dosh Dosh had this to say: “See blog comments as a way to network with the author, so that you’ll be able to obtain a particular benefit in the future. Think long-term: not just incoming traffic today but exposure down the road. Don’t just focus on getting an immediate return (visitors via your link drop) but use comments to develop relationships of ongoing value.”

2. Ask and answer questions on LinkedIn.

Using the Answers feature at LinkedIn brings your name and profile around to people you’re not exposed to directly. This means more opportunities for someone to recognize your authority in some field, and to reach out and contact you for something further. It means sharing the fruits of your networking with others, and potentially connecting 3rd parties to each other for something bigger. This comes in handy when it becomes obvious that you’re also a good connector. [hat tip]

3. Advertise on MateOne.

I got this one from marketing black sheep Ben Mack. He listed his business profile in this saucy dating community, emailed his house list the link and hauled in a load of attention as the thing spread around the country. Now, whether he got any business from it or not is another question. Just depends on how good he’s at closing.

4. Create or sponsor a community event.

It doesn’t make sense for you to sponsor a rowing event…unless of course you are a rower. Same goes for a young adult’s chess tournament, a scuba clinic or a simple Mother’s Day breakfast.

5. Teach a class outside of real estate.

When you jump out side of your comfort box and rub shoulders with other people–and do it passionately–you are bound to make some good, lasting friends. One easy way to do that is to share your knowledge on a topic that does not deal with real estate. It could be a class on gardening or dealing with grief. Maybe it’s self-defense or guitar lessons. This is also a great way to take a break from the rigors of hard work and enjoy one of your hobbies while nurturing possible business contacts.

6. Write a book.

Sound too hard? Scott Berkun says, “There is no license required. No test to take. Writing, as opposed to publishing, requires almost no financial or physical resources. A pen, a paper and effort are all that has been required for hundreds of years.” He goes on to say If Voltaire and Marquis de Sade could write in prison, then you can do it in suburbia, at lunch at work, or after your kids go to sleep. Here’s some practical advice to get off the ground.

7. Do mission work.

It’s says something exceptional about you when you volunteer your time to help someone less fortunate than you. It’s easy to get picked up by the news. And it’s bound to dim the accusation that real estate agents–at least you–are no better than lawyers and used-car salespeople.

8. Approach strangers.

I struggle with this. You might not. But most people I know think people who do approach strangers and talk to them like they’ve known them for years a little crazy. Of course, these are the people who don’t know a stranger. Who, every where you go, knows just about everybody. And probably have no problem finding leads, business and clients.

9. Volunteer for a political campaign.

Whether local, state or national, volunteering your time for a political campaign will get you inside circles otherwise closed to you. It could be as easy as sticking a sign in your yard or stuffing envelopes. I’d suggest you volunteer to walk the streets and knock on doors and introduce yourself as a real estate agent who is helping to nominate a political candidate. Very low key way to start conversations because you’ll probably have a checklist of issues to talk about or a script.

10. Join a book club.

Sure, no one looks down on a trashy novel at the beach, but when your in a book club it’s time to dust off that thinking cap and tackle some seriously awesome reads. And make some really good, like-minded friends while your at it. From globe-trotting fiction to gray graphic novels to political nonfiction and British mysteries, scour your city for the best book clubs around and get reading.

Leave a comment if this post was helpful or if you have anything you’d like to add. And if you like what you read, subscribe to the real estate marketing blog.

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21 Low-Budget Ways to Keep the Revenue Flowing During a Recession

Think 2007 was bad? For some burnt-out and near-broke real estate agents, it’s hard to imagine things getting any worse. But who knows what’s in store for the rest of 2008.

And, even if the economy hasn’t hit rock bottom in your part of the country, it has slowed down significantly in many states.

Worse, it doesn’t take a recession or even a soft economy to create problems for your business.

Every business has ups and downs. Even if things are going great for you right now, you need to develop revenue-generating strategies that succeed when times are tough.

See, recessions are the economy’s little reminder that your marketing needs to be more efficient. You and lots of your friends are being asked to produce more sales with less resources.

(And if you’re reading this post, that might sound familiar to you.)

Many real estate agents fear a flat market. The reason? If the economy is poor, clients will stop spending, and buy only from discount agents.

All of this is true. But only to a degree.

Of course, an economic slowdown can be a problem for your business. Or, it can be an opportunity to gain new clients and boost your sales…if you know and have mastered the marketing and sales methods that work best in times of downturn.

1. Make your ads pay. Starting today, eliminate your old “image” campaign and replace it with one that’s designed to produce bottom-line results. Every ad must communicate benefits and make a strong call to action that produces a measurable response.

2. Track the results of your marketing efforts. Place response codes in all your ads and lead-generation tools.

3. Take advantage of focus groups and surveys.

4. Stay abreast of the latest research and published articles to discover your target market’s current needs, desires and buying preferences. Put customer feedback forms on your Web site and take steps to make your online presence more interactive.

4. Increase your visibility. Associate with a charitable cause or community-based group for a special event. Take a high–profile position-rather than melting into the crowd. But be careful to avoid the appearance of giving for the purpose of self-aggrandizement.

5. Beef up your networking activities. Designate several days a month to get out and attend different groups. Assign goals for follow-up and regularly add contacts to your database.

6. Communicate frequently to your entire prospect database. I recommend about once every six weeks by direct mail, e-mail, fax, phone or in person. Do this and you’ll come out of this downturn with a strong and loyal customer base.

7. Intensify your media relations efforts. Targeting several media outlets with story ideas tailored specifically for your prospects. Identify specific journalists or editors to receive your information and find out if they prefer releases via fax, e-mail or standard mail. After sending your initial information, follow up with phone calls and a polished press kit.

8. Know your scripts. When change hits real estate, consumers look to the experts for guidance. That’s you, so do you homework.

9. Explain in layman’s terms what a buyer’s market is. How it differs from the seller’s market, why the market has shifted to a buyer’s market and what to expect in such a market. And don’t sugar coat this—tell your sellers exactly like it is and that they can expect picky buyers. They’ll thank you later and you’ll keep your reputation intact.

10. Know your numbers. What are the listing prices versus the selling prices in your market area? What’s the average selling price? Is that up or down from the same period last year? What are the days on the market? What is the current supply of homes on the market? This will lead to a price that fits the current market.

11. Categorize your leads. “A” leads are ready to buy or sell now. “B” leads plan to buy or sell in the next month or two. And “C” leads might buy or sell in the next three to six months. It’s easy to salivate over the “A” leads, especially in a slower market. But stay in touch with the “B”s and “C”s—they’re your future business.

12. Share selling tips. Share real estate best practices with buyers. Consider providing a home staging guide or offer to list the home.

13. Offer a higher commission. Give 4 percent commission instead of the standard 3 percent to the buying agent. Lure them in. This really works.

14. Promote your successes. Because the high number of foreclosures has made prospective buyers nervous, let everyone know if any of your communities have zero or very few foreclosures.

15. Offer credit advice. Consider partnering with a credit improvement service that can help customers correct false information and resolve credit problems that are preventing them from getting the best loan.

16. Maximize referral marketing. Your delighted customers are your best sales tool. Sponsor weekly events and activities that bring prospects and loyal customers together so that potential buyers can hear first-hand what a great builder you are.

17. Take a leap into social media. Sell the story of a house through blogs. Create a community with Twitter. The means are endless. These are two great places to start.

18. Stage your listing properly. Recommend home improvement projects carefully to your sellers because returns on these improvements are relative. They’re less likely to recoup top dollar on a new master suite or third full bathroom if they’re the only one on their block doing it. They should improve the home relative to other homes nearby. And also consider using a free product like Showing Feedback to help you get easy price reductions and much needed improvements.

19. Combat the media. There are a lot of good reasons to buy a home today: interest rates are still low, housing prices are falling, home builders are offering sizable cash credits and incentives, and a surplus of new homes means that there are a lot of choices for buyers. Share this information.

20. Revamp your lending. Consider working with brokers who are better equipped to shop around for the best deals. Opt for a variety of partners who are willing to hustle for your home buyers’ best interests.

21. Achieve customer loyalty. The businesses that are holding their own during these tough times have a pipeline of happy customers making referrals. By maximizing referrals, some builders have been able to keep sales steady instead of declining. If you don’t have many sales coming from referrals, you have much lower chances of survival.

Main point: keep your feet moving. Don’t stop.

Yes, change can be tough. But if you stay focused, concentrate on the basics and stay informed on the market, you can weather the shift and continue to make money.

Leave a comment if this post was helpful or if you have anything you’d like to add. And if you like what you read, subscribe to the real estate marketing blog.

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Anne G. reviews the MLS to make sure she knows all of the new listings that might be of interest to her buyers–instead of following up on her leads.

Hank M. defers his follow up calls so he can build his industry knowledge by reading journals and newsletters.

And Chris H. finds herself giving in to the impulse to write proposals for prospective clients rather than pick up the phone.

What do these three real estate agents share in common? You probably guessed it, call reluctance.

Call reluctance is the “social disease of the sales profession.” Each year, call reluctance single-handedly accounts for over half of all failures in one of the largest professions in the world.

In their book Earning What You’re Worth, researchers George Dudley and Shannon Gooson write that as many as 80 percent of all salespeople who fail within their first year do so because of insufficient call activity.

Unresolved call reluctance can cause frustration and loss of sales. So with this in mind, how do you overcome call reluctance?

Here are five tips:

1. Aim for a number of calls you will make each day. Make this goal small and comfortable.

2. Next, increase the daily number of calls you will make. Do this slowly. Here you will start to see that you don’t encounter the bad things you imagined, or, if you do, you find out that you can handle them.

3. Record each call. In a notebook strictly devoted to your sales calls, make notes about things you should have done differently. Keep this notebook handy whenever you make sales calls and review it every day before you make phone calls.

4. Realize the difference between real and imaginary threats. Over time you will recognize that ninety-nine times out of a hundred the bad things you thought would happen, don’t. And if you do experience rejection or fear, realize it’s not personal. The caller is rejecting your offer, not you.

5. Report to an accountability person. Whether it’s you’re spouse or friend, broker or coach, invite someone to help you stay on track and meet your goals.

Caution: Research shows that successful people do the hard things other people refuse to do. Work through these five steps only if you want to break through to the next level. Follow the footsteps of the successful now and within time you will prosper.

Related Articles

Pleasure and Pain: The Seemingly Dark Art of Manipulation

Why So Many Agents Fall Down Before the God of Commission-Cutting

9 Coercive Selling Tactics

Leave a comment if this post was helpful or if you have anything you’d like to add. And if you like what you read, subscribe to the Real Estate Marketing Blog.

8 Guidelines for Writing Meaningful Links That Woo Potential Clients

Links play a huge part in online content.

When people scan web pages they automatically look at headlines, sub-headlines and links to judge whether the page holds any interest for them. Based on what they see in the headlines, sub-headlines and links will determine whether they stay or leave. [See, you are doing it now.]

This is called information foraging.

And it doesn’t help this evaluation usually occurs under 27 seconds.

This means that web visitors’ ruthless, critical eye can sometimes overlook important information if it’s not clearly articulated in headlines, sub-headlines, and especially links.

Also, links tell search engines what your web page is all about. Links rank high as one of the factors for good search engine results. And when you have less than 30 seconds to woo a potential client, I think you do what ever you can to make your page stick out from the million others.

As you already know, links can be:

  • Sentences: Are you too busy to spend money on advertising?
  • Fragments: In Pursuit of Leads: 21 Ideas That Really Work
  • Phrases: Red-Handed with a Glamour Magazine
  • Call to Actions: Subscribe Now
  • Navigation Labels: Homes, Sellers, Buyers, News, About Us

With that in mind, let’s take a look at 8 easy guidelines for writing meaningful and compelling links that please both people and search engines.

1. Don’t Make New Program and Product Names into Links Themselves

For example: Instead of “Every Kid Deserves a Yard” as a link to your new campaign to help families move out of apartments and into a home, create the link on your website into something that both people and search engines will recognize immediately: “Ditch the Apartment” or “Buy a Home”.

The trick is to write links that your visitors—especially your first time visitors—will recognize and understand immediately.

Notice how the British Museum writes their navigation links.

For the most part, the navigation links make sense. But what does “The Museum” link mean?

I’m guessing it’s about the museum—which it turns out to be only partially true. Hitting The Museum link takes you to a page about the history and architecture of the museum.

Better if it was named “History of Museum” or “Museum History” or “Museum Architecture.” [Can you think of something better?]

If it was an About Us page, then “About Us” would work great.

2. Rethink Document Titles and Headings That Turn into Links

When turning print articles into web pages, sometimes you may need to rethink the title of the article. Things don’t transfer smoothly from print to web.

First of all, avoid cute, clever or generic headline titles like The Power of Online Technology. They don’t clearly communicate the content of the article, sales letter or flier. Neither is the title really compelling or enticing to the reader.

What’s bad in print becomes only worse online.

On the web, when visitors are fierce and fast in their judgment, titles, headlines and links need to stand out. Boldly.

Your web document titles, headlines and links need to offer the thing people want most. And the links needs to satisfy a need they have.

High-Tech Cowboys in Real Estate: The Race to Dominate Web Space is one way to rewrite the above link to give people a fullness of the articles meaning. It would work equally well as a page title.

3. Match Links and Page Titles

This is a biggie. So pay attention.

As people move through websites, the first question they ask on each new page is “Did I get where I thought I was going?” They expect the page title to match the link.

When you have links and page titles that match, you reassure your web visitors that they are on a good pathway and have landed on the page they expected.

To write successful matching links and page titles, plan them in both directions:

  • As you write the page title, think of how the same link will work on all the pages where the link will appear.
  • As you write links, think of how the same words will work as a page title.

For example, if I wanted to patch you through to an article on Realty Times about the current real estate market outlook and how it’s not that bad, best I use the actual title of the article as the link like this: Real Estate Outlook: Housing Better Than Some Reports Indicate.

And when writing page titles, always imagine how they’ll look as a link. See point 2.

4. Be as Explicit as You Can in the Space You Have

And make more space if you need it. The longer the link, the better. See point 6 below.

5. Use Action Phrases for Action Links

“View My Profile” beats “Profile” any day.

“Buy a Home” dominates “Homes to Buy.”

“Subscribe Now” is better than “Mailing List”.

6. Use Longer, More Descriptive Links

Single nouns or short noun phrases can work as labels or as links for general categories and overall topics, but only if your site visitors recognize the nouns you use and give them the same meaning.

[Think back to the British Museum page and “The Museum” link. It probably made sense to everyone involved in building the website, so nobody questioned it. Not so to those who actually use it.]

Descriptive links that lead to specific information are just like headings. Fox News creates compelling, descriptive links that are hard to ignore. Couple it with a powerful image and you have an irresistible message.

Furthermore, in the report Designing for the Scent of Information, usability engineer Jared Spool and his colleagues discovered that links of 7 to 12 words achieved the highest success in getting people to the information they are seeking.

Why is that?

Longer links are likely to have the words your visitors have in minds.

Remember, people scan web pages looking for headings, sub-headlines and links. That’s about it. If they just see The Power of Online Technology in the body copy they’re likely to overlook it. It’s just too general.

On the other hand, if they want answers on how to use social media to generate leads, they’ll quickly gravitate to Learn how to deploy Social Media Marketing to put your business Beyond Competition. That’s more likely to satisfy their quest. [Disclaimer: I do not work for Greg. I just like what he is doing, hence I share link love.]

That link is actually 13 words. Ghastly, you say. Too long. Will muss up your pretty web page? Think about this: people will likely only read your links, because they stand out. Wouldn’t you want them to read the most important and compelling piece to draw them in?

7. Add a Short Description if People Need It

Or rewrite the link.

If you can’t get enough information into the link to create a meaningful link, then you can add a short description about what’s behind the link. Again, I lean to FoxNews to demonstrate short descriptions that follow vague link titles.

8. Avoid Click Here or More at All Costs

I hate these links the most. Why? They add zero value to the people who mean the most to you.

The other day I spent about twenty minutes unsubscribing from email newsletters I no longer read. Of course the the link to unsubscribe was buried at the bottom of every email, but worse yet, nine out of ten publishers created links like this:

To unsubscribe, click here. [This actual link will take you to a Google search results page for the term “click here.” These are the people who rank for “click here.” Interesting. See point below.]

There are two good reasons why you want to avoid these terms.

First, when someone is looking for something specific on a page—like how to sell a home—and all they see is Click Here, they’re likely to miss the all important Learn How to Sell Your Home that proceeds the Click Here.

The second reason you want to avoid Click Here and More links is because they are meaningless to search engines. Unless you are searching for “click here” or “more.” I guess to some people that’s a legitimate hunt.

Finally, never, ever write links like this: I’m a little late to the party on this one. [Each link goes to Joel Burslem’s excellent website simply because I saw him do this but couldn’t actually find the page he didn’t own.]

I see this a lot on blogs. Here’s why it’s a bad idea: it just plain ticks people off. When I first saw Joel do it, I shared the page with several people and invariably–without my persuasion–they pointed out how annoying that link set up was.

What do you want me to do? Really click all of them to find out what party you were late to? Why, how and when? No thanks.

And what is a search engine to make of it?

This is a subtle ill will builder that costs against you. And all that eventually adds up. [Joel is usually spot on with descriptive links. This one just stood out to me.]

Conclusion

Not only people, but search engines deem descriptive, keyword links to be of high value in telling them what a page is about. And so with less than 30 seconds to win over potential leads and clients, I believe it’s in your best interest to do your best in getting people to not only find your page and stay on your page, but actually convert on your page to a lead or client.

10 Easy but Essential Tricks to Persuasive Real Estate Blogging

Amazing, isn’t it? How when you listen to one of your favorite bloggers and you say to yourself:

“Why didn’t I think of that? It seems so obvious…so easy.”

The masters of blogging–people like Brian Clark, Leo Babauta, Hanan Levin–always seem to come up with the perfect phrase…a few words…sometimes even just one word…that grabs you by the lapels and drags you into their post.

The perfect words make you want to read whatever they’re writing before they’ve even mentioned what it’s even about.

It’s the art of persuasion. Right?

But let me assure you right now that it’s less of an art and more of a science.

The art of persuasion is something you can learn. And the good news is the fundamental building block to any good persuasive writing–or speaking–is simply rapport.

And to build that rapport, you need to cultivate behaviors that will make people trust you and make them feel it’s in their best interest to follow your lead in what Greg Swann called the larger conversation of the blog sphere.

So, with that in mind, here are some ideas, big and small, for making yourself more persuasive:

1. Before you write a blog post, ask yourself “What do I really want out of this post?”

Ask soul-searching questions to understand your true motivation: money, fame, power. You’re looking for what makes you tick, what drives you. But you’re also looking for the purpose, the plan and the result. This is really a question you need to ask yourself long before you even record your first post so you know the direction you want the blog to go. That’s planning on the micro level. Planning for each post is on the micro level.

2. Develop the knack for making the other person feel like the center of the universe.

You’re blog post is not about you. Period.

3. Be quick to compliment.

If someone leaves you a comment, thank them. Especially if they are a first time visitor. And comment on other people’s blogs. Wait, that’s the next point…

4. Train yourself to visit other people’s blogs. And leave comments.

If you want comments on your blog…you have to leave comments on other blogs. Also, making your daily rounds on the real estate blogging circuit help you to note what people are talking about…which leads into my next point.

5. Listen to anybody with an idea. And see how you can help them.

Follow the maxims of legendary 3M leader William McKnight: “Listen to anybody with an idea. Encourage experimental doodling.”

And get involved. If you come across a blog that is interested in working on joint projects, email them and share your idea. If you don’t have an idea, tell them you be interested in doing some of the legwork.

6. Try to arouse positive emotion.

When writing blog posts, avoid negative emotion. You know what negative emotion is? Just read the Fox News home page and you’ll see what I mean.

People respond better when you give them positive, life-fulfilling information. Stuff that builds on their business, their lifestyle. Granted, always harping on the doom of the housing market will attract a crowd…but it will probably be a crowd of pessimists.

You, my friend, are better off being an optimist.

7. Take a clue from your audience.

Occasionally ask for feedback after your posts. Encourage people to give you thoughts about what they’d like to here. Keep an eye on your analytics, like news feed subscriptions, page visits and posts-to-comment ratio.

Really make an effort to communicate in a manner that matches your message to the receiver.

8. Hone your sense of humor.

It really, really helps if you are witty or clever.

9. Practice being a better questioner.

Follow up all posts by asking, “What do you think? Was this blog useful?”

Better yet, ask more pointed questions at the end of posts to root out opposing thoughts. You might have a good idea, but with the help of someone else arguing for a differnt side of the coin…you might unearth the best idea.

10. Keep your perspective.

Remember: Even though you’re passionate about your point of view, lighten up. Tomorrow’s another day-and another opportunity to persuade.

Well, that’s it. Leave a comment if this post was helpful or if you have anything you’d like to add.

If you haven’t already, subscribe to the Real Estate Marketing Blog.

4 Irresistable Ways to Gain Major Media Attention without an Ad Budget

Sometimes being controversial can be extremely beneficial.

Take the Super Bowl, for example.

For the 2007 Super Bowl, advertisers are scrambling to spend up to 2.7 million dollars for a 30 second spot.

6 Years ago it was only one million dollars.

We, like a gazillion cash-conscious business owners, thumbed our noses at their stupidity for, yet again, falling into that inevitable pit of wasted dollars.

This year we may need to rethink snubbing our noses.

While Toshiba sinking millions into a Super Bowl commercial makes no sense, other advertisers would be wise to spend this money [if they have the pocket book, of course] because they have more than just the 30-second spot to bank on.

Super Bowl advertisers mean to entertain audiences. However, the target isn’t so much the 90 million viewers. Rather it’s the millions who will chat about the commercial after the event.

Thanks to the Internet, they’ve got the aftermath on their side, the buzz. Some good buzz And some bad.

Here’s what I mean…

And here’s how you can generate the buzz and leads that $2.7 million buys…without spending a single dime.

1. Take a Stand on an Important Issue

Last year General Motors cried “uncle” when president Robert Gebbia of the pint-sized AFSP [American Foundation of Suicide Prevention] rose a stink after he heard about a commercial where an assembly-line robot dreams of getting fired and jumping off a bridge.

[Note: the video is no longer available.]

The next day Gebbia sent a sharply worded letter to GM telling them to yank the letter. When word got out that they did, a firestorm of coverage was unleashed.

In pure numbers, the AFSP generated 39.1 million impressions in print and 13.4 million impressions on TV.

This excludes radio and Internet. Talk about power.

Gebbia’s annual budget is $9 million. Employs 31 people. And spends nothing on advertising.

In the real estate world, this translates to being involved in more than just business: take up a significant cause, and put your heart and soul into. Not to get attention, but to make a difference in your community.

And when that crucial line gets crossed, smeared or defamed, blow the whistle.

However, even if a crucial moment to take a stand never materializes, your good efforts will not go unrewarded.

2. Make Fun of Someone Popular

With their permission, of course.

More than two weeks before the 2007 Super Bowl, Nationwide ran an ad where Kevin Federline [ex-hubby to Brittny Spears] plays a fast-food worker who dreams of becoming a rap star.

Several days later the trade group National Restaurant Association sent an angry letter to Nationwide CEO. NRA complained trade members were concerned over how the industry was portrayed.

This backfired.

Federline quickly apologized. Nationwide, on the other hand, was offended, explaining the only person they were making fun of was Federline.

The public responded by agreeing with Nationwide.

Nationwide’s benefit amounted to $24 million in unpaid media exposure. 10 times more than what Nationwide paid for the ad.

The moral from NRA’s perspecitive: don’t be hypersensitive. The point for you: be creative, and toe the line. It could ruffle some feathers in your favor.

3. Flirt with Controversy

Whether Nationwide flirted with controversy is debatable. Pepsi, on the other hand, there’s no question they are borrowing controversial equity.

This year Pepsi will launch an ad with Justin Timberlake, who was involved in the 2004 Super Bowl “wardrobe malfunction” with Janet Jackson. [This video, too, is no longer available.]

The new Pepsi spot doesn’t allude to that incident.

It shows Timberlake escaping a series of disasters caused by a pretty girl sitting poolside sipping her Pepsi.

“Word that he’s in the ad has gotten quite a buzz, probably because of his connection to that past Super Bowl,” says Pepsi (PEP) spokeswoman Rebecca Madeira.

Allude to past controversy and you borrow the buzz around that event. Low-cost, but dense with conversation.

4. Create a Sticky, Victoria Secret-Style Event That’s Easily Mashable

After a nine-year absence, lingerie retailer Victoria Secret plans to generate some online buzz by resurfacing this coming Sunday.

Doesn’t take much to do this.

The National Organization for Women says it plans to relaunch its national Super Bowl Ad Watch that it last oversaw in 2003. I wonder why.

After the Super Bowl, thousands of men will hunt down the commercials online and share them with their buddies. Kind of like what happened with Ekday.

It’s just the nature of the Internet beast.

Furthermore, create a sticky video and people will even create mash ups of them, because this is an ever increasing format in which people are consuming online content

That happened to the Cadbury Gorilla video. Go on YouTube and you’ll find dozens of renditions of this video.

In essence, mash ups allow viral ideas to spread by mutation rather than in a pure linear way.

This is really about letting go of control. Let me know what you think.