12 Ways to Find More Real Estate Clients in a Slow Market
But then there's always that one guy or gal in every market who seems to whether the storm with ease, attracting more real estate clients while other agents come up empty. How do these agents do it? Well, they probably cast a wider marketing net for one thing. Smart agents realize the importance of diversity, when it comes to marketing. There are dozens of ways to find more real estate clients in your city or town, and the more channels you use the better.
Nobody can tell you how to run your real estate marketing program. You must find your own way, based on your own strengths and weaknesses, your specific marketing goals, and your personal preferences. But it always helps to have ideas to ponder, and that's what this blog post is all about. Below, I've made a list of ways you might be able to find more real estate clients in your market.
Ways to Find Real Estate Clients
Not every idea on this list will be right for you. How you promote your business will depend on what you're trying to accomplish. But with so many marketing and networking ideas in one place, there's bound to be something worth trying.
- Conduct a home buying seminar for first-time buyers in your town. Now is a great time for this kind of strategy, because first-timers are apprehensive about the real estate process. Who better to talk them through it than you? It's also a great way to get clients
- If you don't already have a Facebook account, set one up as a way to connect with old friends and colleagues. I've spoke to more than one agent who gets an occasional real estate client through their Facebook connections.
- You can also experiment with some of the other networking websites. Here are some that have a business focus: LinkedIn.com, gibLink.com, Ryze.com and Spoke.com.
- Start a blog, if you don't have one already. You can install a blog onto your existing website in less than an hour, and it's a great way to publish new content on a regular basis. This new content will help you pull in more traffic via search engines, and that could mean more real estate clients as well.
- Keep a handful of business cards on you at all times. You could encounter a potential client when you least expect it. Imagine you're standing in line at a coffee shop and you overhear two people talking about the real estate market. One says she want to buy a home soon. There's nothing wrong with saying, "Excuse me. I couldn't help but overhear..." And then you offer a business card and go along your way.
- Does your car advertise your services? If not, you might want to consider a magnetic sign. A lady who lives up the street from me drives around with her sign on her car, and I know two people personally who have contacted her for help selling their homes. Her magnetic door sign is generating real estate clients from the neighborhood, and it's not costing her anything extra.
- Have you experimented with door hangers / flyers? I never put much stock into this before, as a marketing technique. But in the neighborhood where I've lived the last four years, there's an agent who puts her real estate newsletter on my door twice a month. It doesn't have the usual stock content and fluff -- it has real market data, recent home sales, local real estate news, etc. She is the only agent doing this, and as a result I hear her name mentioned by my neighbor's all the time. They say things like, "Did you see the Jenny report this month?" She's like the unofficial neighborhood agent for this whole area, and I'm sure she gets a steady stream of real estate clients from sellers in the area.
- Networking with local bankers and mortgage brokers is always a good way to get more real estate clients in your town, especially if they're not already partnering with an agent. It's a mutual marketing technique that has a long history of positive results.
- Does your local chamber of commerce have monthly meetings or social events? My wife used to attend these events all the time, on behalf of the bank where she worked. She said it was a networking extravaganza, and that there was always a real estate agent or two in the crowd. I'm sure those agents were getting clients from it, or they wouldn't have been coming back each month.
- Have you considered expanding your services to include collateral area, such as home staging for sellers? This full-service approach is a popular trend among real estate companies right now. One of my former clients (a Dallas brokerage) had a lot of success with this. They paid a professional home stager to give an in-home consultation to their home-selling clients, and it set them apart from most of their competitors.
- Real estate PR is always a smart (but often overlooked) strategy for agent marketing. Local news outlets are always looking for insight from the field, especially in times like this. For example, you could contribute to a newspaper article about how it's a great time for qualified buyers to purchase a home right now, despite reluctance many consumers are feeling. You've probably seen agents in your local newspaper before, or even on television. Why not let it be you next time? It's a surefire way to get more real estate clients -- and it doesn't cost anything but time and effort.
- Many agents claim that referrals are their biggest source of new business. This comes from treating clients right during the relationship and, more importantly, helping them succeed with the sale or purchase of the home. When you add to this an effective follow-up program after the sale, such as birthday cards, you have another source of clients.
Hopefully, this list of marketing and networking ideas has caused those little synapses to start firing in your brain. What kind of ideas can you come up with? What motivates you toward action? Which marketing techniques do you get excited about? Those are the ones worth pursuing.
Attracting more real estate clients is not a "one-size-fits-all" concept. There is no right or wrong way to start the process. You have to experiment with different strategies and find something that works for you.
Labels: General Marketing Advice
