How To Get 3 to 7 Additional Listings
Every Month From Direct Mail
In the next few minutes you
will learn...
How to automatically generate
motivated seller leads so you
attract A+
listings with little effort
The
5 biggest mistakes agents make with
their direct mail campaigns to sellers that stop them
from getting listings and how to avoid them
How
to use systems so you never have to cold call
again to generate leads… unless you want to.
Everyone made money… during the Real
Estate boom. Selling Real Estate was perceived as the
best way to make a seven figure income. All you had to
do was show up and work customers who called in and you
could make a $100,000 if not more.
Real Estate Licenses seemed to be as common as a
driver’s licenses!!
It seemed like everyone was
buying or selling their home with a friend, family
member or neighbor who just got their Real Estate
license. Everyone and anyone had a Real Estate license
and the market was over flooded with competition. Now
that the ranks have thinned I truly feel that…
There has never been a better time to
make a killing as
a Real Estate agent.
It’s been said that more millionaires are made in a down
market than in a hot one. This may seem a little hard to
believe but I can see why…
During the boom everyone ran around a made stupid
decisions because they thought they where
invincible to failure.
Right now it’s all hitting the fan. Banks over lent,
Anyone who could fog a mirror was able to get a loan,
Home Builders overbuilt and developers over developed.
Today it’s not uncommon to drive by a brand new home,
condo complex or new shopping center that has never been
occupied.
Bad news and Doom and Destruction are poking its
ugly
head around every corner.
Now while everyone else is frozen in fear you can sneak
in under the radar and start making a great income
regardless of what everyone else is doing. Unfortunately
many people (including agents) can’t see past all the
doom and gloom and are going broke.
It’s time for everyone to get their
head out of the sand and wake up. Otherwise they’ll be
joining the ranks of agents who are (unfortunately)
dropping out of the business. This is the wrong way to
get ahead in these economic times.
It’s time to wise up and work smarter rather than
blunder around like a busy bee but never seem to make
much money.
The things agents did during the
boom to sell homes doesn’t work very well (if at all) in
today’s rough market. Now things are completely
different. If you want to make a good income you have to
use your head.
The biggest problem most
agents face is not having enough leads or customers to
work with. During the boom a lot of agents spent money
on crazy marketing methods that won’t work today.
.
So What’s the best way to attract new customers?
You could do nothing…
Most agents do nothing and sit around waiting for
business to come to them… If you’re doing this you might
as well get out of the business today and stop wasting
your time. Doing nothing and sitting back and folding
your hands is the fastest way to go broke.
You could spend 3 to 4
hours every day cold calling…
while this is a lot better than doing nothing it still
isn’t the best approach for attracting new customers.
The problem with cold calling is…
üIt takes
a ton of time – normally 3 to 4 hours every day
üIt’s
almost impossible to leverage – meaning you’ll have to
do it yourself
üWhen you
start getting busy it’s hard to keep up with
ü And if you ever stop
your business comes to a standstill.
The best method is direct
response marketing… Direct response marketing is…
üSalesmanship in print – rather than spending hours upon
hours calling prospects giving them your pitch you can
send your letter to hundreds of prospects at a time
without having to spend hours at the phone
üEasy to
leverage – it’s easy to have an assistant or work and
home mom do it all for you
üYou’ll normally get
better results than if you where to cold call – it gives
you better positioning because prospects are calling you
versus you calling them bugging them for their business
The biggest reason most people
don’t do more marketing is because they’ve used it the
wrong way, didn’t make any money, and stopped doing it
because they thought it didn’t work.
Direct Response Marketing Will Make YOU Tons of Money
When You Know The Right Ways to use it…
However
when you don’t know how to use direct marketing it will
be an expense rather than an investment. Here are a few
mistakes I made with direct marketing that you will want
to avoid.
Mistake #1: Thinking that Marketing is all about
building a brand, it’s NOT. It’s about getting customers
to respond.
.
Most advertising sales people will
tell you that you need to advertise for a few months
before you expect to get any business. They say that you
need to build a brand and after a while people will
start to recognize it and will contact you when they
need what you offer.
Spending money on advertising just so you can build a
brand is not wise. You will most likely go broke long
before your brand advertising pays off.
When I
first got into the Real Estate it seemed like the new
thing Realtors where doing was billboards. They would
have their picture and realty company logo on it with
their phone number.
Solution: Make EVERY bit of advertising
pay for itself
or STOP doing it.
Why spend money on marketing that
doesn’t make you any money in return? It doesn’t make
any sense unless you want to throw your money away.
If your
marketing doesn’t make you money then stop doing it
otherwise start testing different offers until you find
something that does (more on split testing in a minute).
Who cares about building a brand?
You care about your
marketing making you money.
So, remember the goal with your
marketing should be to get customers; not to make you
look neat or have everyone see your fancy picture and
logo. I spent piles of money on fancy logos and
letterhead in the beginning. It looks great but it
doesn’t work.
I have learned that most
of the marketing or direct mail letters that work for me
looks like mail order ads. (NOT like the big box store
ads.)
Mail order companies have
to make money off of their ads.
Mistake
#2: Not giving prospects a
compelling
reason to respond.
You can do all the marketing in
the world, but it you don’t give your prospects a
compelling reason to respond they never will.
Solution: “Make your prospects an offer they cannot
refuse.”
You can do this a few ways. You
can give the prospect something of that is perceived to
have high value to them for free. Or you can bring up a
big problem a prospect is facing and show them how you
can solve it. Regardless of what approach you take you
need to create a compelling offer to get prospects to
respond.
Tell your prospects
exactly what step you want them take next to take you up
on your offer. So for an example if you’re offering to
give an expired listing a free consultation (listing
appointment) to show them why their home didn’t
sell (it was priced too high) and what you can
do to get it sold quickly (you’ll get it priced
right) you need to tell them exactly how to
schedule the free consultant.
You should give them a
phone number you answer regularly. I like to give them
my cell phone because I want to make sure I get their
call while they’re hot and schedule a listing
appointment right away.
If you where giving them
a free report about how to pick the right agent to sell
their home or something like that. You could have them
call a 24Hr Free Recorded Message or go to a lead
capture website and then send it out to them.
Don’t expect prospects to
take the next step on their own. Be very precise and
tell them exactly what you want them to do to respond to
your letter or marketing piece.
Tip: Pick a group of people or niche to target then
create a message that targets them and hits their
emotional hot buttons.
When
you create a generic offer that applies to everyone it
really won’t apply to anyone. For example, if you are
trying to get more listings and are going to send direct
mail you would want to write a separate letter to FSBOs,
expired listings, pre‑foreclosures, etc.
Again,
the reason why you would write a separate letter to them
all is because they each have different hot buttons to
which they respond. When you have a message for a
particular person your response will be a LOT higher
than if you just sent them all a generic letter.
What
may appeal to a FSBO and hit their emotional hot buttons
will not be the same as an expired listing and vice
versa.
To get
new listings I like to target expired listings. Why?
because they are normally the most motivated sellers in
the market.
The great thing about expired
listings is we already know they want to sell, they will
use an agent, and have already experienced failure.
If they are still motivated to sell are normally willing
to make any necessary changes… including getting
realistic about their price.
"I would
rather be the second agent
to list a property rather than the first."
Especially in the market we are in today.
“Why?” Most homeowners want to
try the market first and normally list with the agent
who gives them the highest price.
When you take an expired listing normally the owners
have to sell and are willing to do what it takes to move
their home.
Tip: Create a compelling headline to
get your customers attention
The headline is the most important part of ANY sales
letter. Think about when you read the newspaper; when
you pick it up in the morning you want to find out
what’s going on. You scan it for a “headline” that
interests you and then you decide whether or not to read
the story based upon the headline, right?
Your sales letter is no
different. If you don’t gain your readers interest in
the headline, then in the trash your letter goes.
Remember! typical recipients are thinking, “Who cares?
Why are you bothering me?” when they open your direct
mail. Answer those questions in the headline. Your
headline should be as long as necessary, and should
always focus on what benefit your services will give the
buyer or seller you are targeting.
Tip: Create a Compelling offer for the niche
or group of
people you are targeting
You should think of your sales
letter as salesmanship in print. The main goal of your
marketing or sales letter should be to get your prospect
to respond. You should be selling the response NOT the
listing.
All you need to do it get
them to respond and then you can take the next step.
Don’t try to do too much with your offer. Show the
homeowner the benefits of calling you for a listing
appointment.
Expired listings are also
frustrated because their homes haven’t sold, so play
into that emotion by answering the tough questions (e.g.
Why isn’t my home selling?) and provide solutions. Think
of all the objections the seller can come up with and
answer them in your letter. Make your letters
conversational, easy to read and leave out all the real
estate jargon that most people won’t understand.
Mistake #3: Having your direct mail look like junk mail
When I first started using direct
mail in my Real Estate business I thought I needed to
look professional by using an electronic stamp and
window envelopes. I worked really hard to create a great
sales letter but I still didn’t get a good response.
What I didn’t realize was that most of my mail ended up
in the trash before people even saw my sales letter.
People short their mail
over the trash can. If your envelope looks like a credit
card offer or another car insurance marketing piece then
it will most likely end up in the trash can before it is
even opened.
You must get your mail
into the "A" pile that get’s opened for it to any good.
I’m sure you’ll agree that your sales letter won’t do
any good when it ends up in the trash can unopened.
Solution: Your Envelope will be personalized so it
looks
like a close friend sent it
I started using real live stamps and writing my address
by hand to make it look like a friend sent the mail to
them. It dramatically improved my response because
my
letters where getting opened and read.
I have the hand written
address written with a blue pen so there is no mistake
that it was really written by hand and not printed on.
Or if it is printed on the envelope I use a handwritten
font with blue ink.
One other sneaky trick I used was
having I had some kids create some hand scribbled images
that I put on some labels with my return address. This
way I could speed up the process when my assistant is
sending out my letters. It still looks very personalized
and speeds up productivity. Time is money, right?
Mistake #4: Not split
testing your sales letter and tweaking it to improve
your response.
Most people will create a sales letter or marketing
piece, have a little success with it and maybe halfway
results. However if you don’t split test different
headlines or offers and try to improve your response you
could leave a lot of money on the table.
I didn’t get one
response from the first direct mail piece I created and
sent. I thought direct marketing didn’t work and stopped
for a while. Then a few months later I tried again. I
got one response from a hundred or so letters I sent
out.
I thought that was
great considering the average response across the board
for marketing is a 1/2%. That would mean you would have
to mail two hundred letters to get one person to
respond.
Solution: I
tweaked my letters and mailed again. Over time I found
out what was effective and what didn’t work by split
testing different parts of my sales letter. My response
went from nothing to 5% and at times more. For every 100
letters I mailed at least 5 people responded.
When you Get My Instant
Done-For-You Expired Letters I’ll Give you By
How I Get 2 To 3 Really Motivated Listings From Every
100 Letters I Mail To Expired Listings… And How You Can
Too!
It’s
true! Expired listings are some of the best leads for
getting new listings. In my opinion they are the low
hanging fruit that few agents (if any) pay attention
too.
Expired listings are normally, extremely motivated,
relist right away, and have already proven
they are willing to work with an agent, right? So
why not capitalize on this and list a bunch of expireds?
The Main Reason Most Agents Don’t Go After Expired
Listings Is
They Don’t Know How To Get Them To Respond.
I know
how to get expired listings to respond and have done
really well because of it… I do it with a direct
mail campaigns that targets their main emotional hot
buttons and get them to call you. I have mailed
1,000s of letters and tested and improved my message and
normally get 2 to 3 really good listings every time I
mail a 100 or so letters.
Other Agents Have Paid Me As
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