Selling Soulfully with Jennifer Allan

I'm doing a little one-on-one consulting with a relatively new agent (who's gonna ROCK!) in Denver. We have similar personalities when it comes to our feelings about prospecting and business-building, so our conversations about prospecting always lead to some interesting A-HA moments for both of us.

Anyway, yesterday, my agent friend told me about a conversation he had with a like-minded career coach - one who specializes in matching personality types with business-building strategies. According to this coach (and my friend's score on the MBTI), my friend is capable of cold-calling and door-knocking for business, and he might even be rather good at it, as long as he feels he has something of value to offer.

HOWEVER, the coach cautioned him that even though he might be moderately successful in his cold-prospecting efforts, his personality type is simply not one that tolerates rejection well over the long term. That if he spends too much of his time and energy on prospecting activities that involve a steady dose of rejection, he'll eventually become depressed and discouraged. And probably won't realize why he's so lethargic and unenthusiastic about his career... and his life.

That makes perfect sense to me! I've been preaching for a long time now that there's no reason to spend your days doing something that you aren't comfortable with when there are perfectly acceptable alternatives. And if there AREN'T perfectly acceptable alternatives, maybe you're in the wrong business!

The good news is, of course, there are plenty of real estate prospecting techniques that don't involve much rejection. Oh, sure, rejection is a part of life, but that doesn't mean you have to put yourself in positions of pursuing it in the name of generating business if you don't want to. There's no need to "suck it up" or "just do it" if the sucking-up or just-doing makes you miserable.

Life's way too short for that. Figure out what you enjoy doing that brings in business. Do that. It really is that simple.

RELATED BLOGS: 
Be Yourself... Have More Fun... Sell More Real Estate! 
Stay IN Your Comfort Zone!
When to Venture Out of Your Comfort Zone... and when to stay in

It's Here!!!! 
The Sequel to Sell with Soul
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Most prospecting training is focused on... FOCUSING. Laser-focused prospecting. Doing "it" for three hours a day, whatever "it" is, no interruptions, no excuses. Do "it" until you reach your goal of so many contacts, so many appointments, whatever. Lather, rinse, repeat. Every day.

And eventually, you might even enjoy "it." You might start to see relationships between how much of "it" you do and how many houses you sell. The more of "it," the more of the other.

Whatever your "it" of choice is - FSBO's, expireds, cold-calling, door-knocking, farming, blogging, advertising, SOI'ing, open-housing, lunch-dating - just remember the Good Old Numbers Game and do "it" more.

Fair enough.

But it occurs to me that my business never worked that way. I, frankly, didn't have any sort of formal system for prospecting and my business came from dozens of different sources.

I got business from my best friends, my good friends, and my acquaintances. I got business from open houses, sign calls and floor time. I got business from my lawn guy, my graphics gal and my insurance agent. I got business from my broker, other agents and lenders. I got business from street fairs, coffee shops and happy hours. I got business from current clients, current prospects and past clients. I got business from my website, from blogging and even one House Values lead.

See where I'm going with this?

Just because you met your last client at the coffee shop - does that mean you should only prospect at the coffee shop from now on? Or just because you listed a FSBO last week, does that mean you should only seek out FSBO's? Of course not - I hope that's obvious.

Real estate business is everywhere; it's all around us. Good prospects cross our paths every day, from a wide variety of sources.  Sometimes they cross our paths in the course of doing business, like when we hit it off with an open house visitor or have a great conversation with a walk-in. Other times, it seems much more serendipitous, like when we meet a new-home builder at a friend's wedding or share an elevator with a man who was just transferred. And even if these particular encounters don't result in immediate business, you never know who THEY know who might need someone just like you.

Keeping your antenna up and a smile on your face as you go about your day really IS a tremendous prospecting strategy!

Happy New Year - Love y'all!

It's Here!!!!
Just Released, like TODAY!
The Sequel to Sell with Soul.
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As it happens every year ‘round this time, New Year's resolutions are being made with a vengeance.

In our world of real estate sales, these resolutions tend to focus on revving up one's prospecting efforts in hopes of having a Great New Year. Promises to more fully commit to a cold-calling or door-knocking campaign, to more aggressively pursue expired listings and FSBO's, to formally choose a farm area or finally figure out what SEO really means.

All well and good. I wish you luck with that!

But in addition to all these Numbers Games, I submit the following plan for your consideration...

Rather than attempting to contact 100 people a day in hopes of catching the attention of a few, how about trying to impress just a few every day, in hopes of making a memorable impression on every single one? If you were to impress two people a day, at the end of a year, that's over 700 people on the planet who think you're really cool - instead simply sort of recognizing your name from your mass-marketing efforts.

Instead of pestering your sphere of influence once a quarter with requests for referrals (which I promise you are not welcomed with open arms), try reconnecting with the people you know as a friend or acquaintance first - a friend or acquaintance who happens to sell real estate.

Instead of focusing all your time, energy and budget on hunting down new prospects, spend at least half of that time being a kick-a$$ real estate agent for those clients who have already honored you with their business.

It is possible to run a perfectly respectable real estate business without doing ANY formal prospecting other than what I describe above. If the people in your world think you're a pretty darn cool person AND a terrific real estate agent, they'll take great care of you throughout your career.

No game-playing required.

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After a week away (thank you Robin!), I'm back in the saddle, talking about turning Prospecting Cheese into Soul... Today's topic is the non-cheesy Open House.

First, allow me to pontificate for a moment that I believe the first priority of any open-house-giver is to attempt to sell that house. After all, someone owns that house and has hired you, or an associate of yours to care enough about his listing to try to sell it. And no matter what you tell a seller ahead of time, he really does expect the offers to start pouring in at 4:05. 

So, just remember that your primary obligation is to the seller, not yourself. Lecture over.

(For a discussion on whether or not to even hold open houses, click here for my series on the topic).

All that said, most of us do look at an open house as an opportunity to pick up buyers. Maybe even sellers. So, how can you do that without resorting to Old School Cheese? (That sound kinda gross, doesn't it?)

My best advice for figuring out what NOT to do is to spend a sunny Sunday visiting other agents' open houses. Egads, some of us are cheesy. Or, if not cheesy, just plain dumb, aka, unprepared. I visited an open house last winter and eavesdropped in as a visitor asked the agent how old the furnace was. The agent smiled brightly and said those magic words: "I don't know, but I'd be happy to find out for you!" This piqued my curiosity, so I actually went into the basement and, get this - LOOKED at the furnace. It was obviously brand new. I'd think that anyone who had ever seen a furnace could tell that. Of course, that would have meant that the agent would have had to have made that long journey down the stairs to see for herself - but clearly that was too much to ask.

I've also heard rumors of agents requiring ID before allowing visitors into the property. Okay, maybe in a multi-gazillion dollar home, but your run-of-the-mill listing? Puh-leeeeeaze.

Do I require sign-in? No, I don't. I just don't feel comfy doing it, but it's not something I advise against. When I hold an open house, I'm looking for quality over quantity. I'm hoping to connect with one or two visitors; someone I have a natural rapport with. When I find that rapport with a visitor, it's easy for me to draw them into a conversation about real estate and most of the time; they ask ME for my card. I like that. If I had people sign-in, I know I wouldn't follow-up unless I felt that rapport, so I just don't bother.

When you hold an open house, pretend that there's a hidden camera watching your every move (who knows?). Don't do anything the seller wouldn't approve of. Don't criticize the house (that guest you're talking to might know the seller and report back, or he might be a seller prospect himself and be less than impressed with your professionalism!), or aggressively direct visitors toward your fancy list of "other properties they might consider instead."  It's far less cheesy (and effective) to be able to simply discuss the market conversationally, rather than push a pre-prepared package on guests.

(If you're enrolled in the SWS Winter of Soul, we'll be doing a thorough discussion of Open House Strategies on January 23!)

Next up... non-cheesy greeting cards...

The other day I got a very timely question from my cyber-friend Ron, considering this week's Cheese-to-Soul series.

Ron asked if I knew of a source for good real estate-related newsletter content that would be "meaningful" to his Sphere of Influence (his "SOI"). He's frustrated by the material available for purchase, most of which simply feels canned. Moreover, he's uncomfortable using much of it because it relates to topics he's NOT an expert in, such as tax planning, home staging and credit reports.

I agree. As I may have mentioned a time or two, I refuse to use canned, boilerplate material. I think it's cheesy and dorky. (My definition of Dorky is any written, self-promotional communication that is dull, dry, boring or corporate. Most content-for-purchase pretty much qualifies. )

But let's go back to Ron's quest for real estate information that would be "meaningful" to his SOI.  Here was my response to him:

"Here's the thing - your SOI doesn't have a lot of interest in real estate on a day-to-day basis. Therefore, there's not much in OUR world that would be generally meaningful to people outside of our world, with a few exceptions that come up from time to time.

You want your newsletters to be interesting to your audience, more so than "meaningful." And you know what's interesting to your SOI? Stuff from YOU.  From YOU, their friend, Ron. Maybe an observation about the real estate market, if it's interesting, or to pass on a funny story from your career. Or maybe not related to real estate at all.

I write to my SOI every month in email form, not newsletter form. I want my SOI communications to clearly come from me, not some canned product I bought off a virtual shelf. If newsletters/emails are going to be part of my marketing plan, I'm going to put some effort into them in the hopes of inspiring my friends and acquaintances to think fondly of me, rather than to just simply remember that I sell real estate (and promptly forget)."

So, to pick up from yesterday's blog post on this very topic, remember that the primary goal of your "newsletter" is not to impress, educate or overtly prospect. It's simply to remind the people you know that you exist and that you're a pretty cool guy or gal.

What topics might do that? Well, kinda like blogging, the list is endless... and once you're in the habit, it gets easier and easier to come up with ideas. Here are a few of mine:

Didja' See Me on the News?

Denver Dwellers, what's YOUR special day?

And I thought I was so smart...

I recommend that you always have a notebook with you to scribble down ideas for SOI newsletters - and I think you'll be pleased how quickly your list will grow once you get in the habit.

This seems like a good opportunity for a little SWS plug - I just released my SWS Mega-Toolkit which includes a section of several dozen real-life SOI letters and emails that might give you some ideas for your own 2010 newsletters.

Okay, so that's three blogs on the Art of the Non-Cheesy Newsletter. I think I'll move on now... next up - Greeting Cards! Or... maybe listing presentations... or maybe... heck, I dunno. Just stay tuned!

Here's the first installment in a series - Turning Cheese into Soul.

For the record, I have never seriously pursued Expireds or FSBO's myself; however, I have BEEN an expired listing and have appeared to be a FSBO, so I speak from the perspective of a consumer, not a real estate agent or trainer.

And I tell ya - the expired and FSBO campaigns I've personally been the recipient of are pretty darn cheesy. Obviously the agents are taking a shotgun approach to getting business from us poor saps who desperately need their "professional services." The good old Numbers Game - throw enough doo doo against the wall and eventually something will stick. And most of it is, indeed, doo doo.*

Here are some examples of the cheesy marketing I've gotten from agents who want my business...

• Daily postcards addressed to "Property Owner."
• Postcards with a hand-written "Call me! I Have a Buyer for Your Property!" (uh, the house was on the market for the last 9 months).
• Envelopes with my name misspelled (at least that's a step above "Property Owner")
• Letters with promised "enclosures" missing (e.g. "enclosed is a list of homes that have recently sold in your neighborhood!")
• A laughably cheesy series of letters with an insultingly condescending tone.

I've also been cold-called, of course, although not nearly as much as I expected. In almost all cases, the caller was obviously calling from a list and was not in the least bit prepared for a real live human bean to answer the phone. They were usually nervous, probably due to the fact that they were not at all prepared to intelligently discuss the specifics of my listing. I guess they were just shooting for the appointment, and didn't bother to "waste any time" in preparation.

Here's the thing.

The owner of an expired listing or a FSBO probably really WOULD like to hear from you... if you have something to offer aside from a cheesy canned marketing piece and a desperate desire to get a listing agreement signed. These people are not the enemy - they're, yes, real live human beings who have a need they'd love you to fill. But no mass-mailing or cold-calling campaign is going to convince anyone you're the right (wo)man for the job. 

What to do instead?

Quality over Quantity. Instead of simply shoveling out postcards, brochures and missing enclosures to as many targets as possible, take the time to personalize your approach to a few. Drive by the home. Take a close look at the expired MLS listing or the FSBO brochure. Note any marketing challenges you see and think about how you would address them. See if you can identify why the home hasn't sold - it may be price, but it very well may not be. Try to figure out if the property is a short sale; that will affect your approach. Ask yourself - "CAN I SELL THIS HOME?"

That's what your target audience wants to know. Can you sell their home?

If I had received just one personal letter (and I don't just mean a hand-written envelope) from an agent who had taken the time to actually LOOK at my situation and address it specifically, that agent would have had a great shot at my business. If one of the agents who called me actually knew where "Doe Run Estates" is located and why it's special (and challenging), I'd have been impressed. If any of them had indicated they had a clue why my property didn't sell, or even a sincere desire to find out, they might have caught my attention.

But, sigh, no. All attempts to entice me to take the next step were in vain. Hopefully they had more luck with their 99 other targets-du-jour...

STAY TUNED FOR THE NEXT EPISODE OF TURNING CHEESE INTO SOUL...

*For the record, I like Borino's Expired Plus system. It's not cheesy and it's not simply a series of letters designed to beat down a homeowner's resistance. It's aggressive, but do-able for a soulful sort.

It's that time of year where thoughts turn to holidays and business plans. What to do, what to do in the new year to make it better than this last one?!

It's awfully tempting to seek comfort in traditional prospecting methods that have worked (?) for decades. Even if it sounds ghastly to you to knock on doors, call up perfect strangers or pester your friends for referrals; even if your bank account can't really handle an expensive mailing or advertising campaign, you figure... "heck, if it's good enough for so-and-so, it's good enough for me!"

Trouble is, and you know this deep inside, these traditional methods are cheesy. Uncomfortable. And increasingly ineffective as consumers tire of being marketed to. Combine your obvious discomfort in implementing cheesy prospecting methods with the general public's weariness of said methods... and what you have is a colossal waste of your time and money. Neither of which many of us have in great supply these days.

So, what to do instead? How can you, as I very cleverly just coined, Turn Cheese into Soul?

Over the next several episodes, I'll tackle some of the most popular "traditional" prospecting methods (like Expired listings, FSBO's, Open Houses & Internet leads) and show you ways to make them work for you ...without selling your soul to do so. ... yep, it can be done!

Sneak peak - all my Cheese-to-Soul advice will center around stepping out of the Numbers Game of prospecting - to approach your prospecting with a Quality over Quantity mindset...

Stay tuned!

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