Follow-Up for Real Estate Agents
Follow-Up for Real Estate Agents
Leads are key to a real estate agent’s business, but if there’s no follow-up then a lead is nothing more than that, a lead that was never nurtured and didn’t result in more business. What’s that saying, “it’s easier to keep a client than to get a new one?” So, what are the steps needed to follow-up with clients to make sure an agent has the competitive advantage when the client or lead is ready to buy or sell?
The first step is having a Customer Relations Management (CRM) system, which allows an agent to manage and keep in contact with existing clients, past clients, and prospective leads. If leads are coming in from all sources such as a website, online, social media, referrals, and a farm, it’s nearly impossible to keep up, keep track, and follow-up with them on a consistent basis without a CRM. It’s a place where an agent can reconnect with former clients, stay in touch with customers and leads, and manage a calendar. An agent can store notes, keep track of their current pipeline, prioritize leads, analyze business on how the follow-up is performing, and where the follow-up campaigns can be personalized. It’s vital in developing relationships and earning repeat business.
Now that a system’s in place, how does an agent get started? When an agent takes a listing, meets buyers for the first time, or gets a lead or a referral, they should automatically input the contact information into their CRM with a plan for follow up. This should include home anniversary dates, birthdays, and any important details. All clients should be included in the CRM no matter how long it’s been since the agent sold them the property or made contact with them. A CRM can also be linked to a website, social media pages, and even email marketing programs.
On average, consumers use email six hours a day, often checking up to thirty times in one day. An email drip campaign is one of the easiest, cost effective, and valuable ways to reach clients and leads on a continuous basis. Once the campaigns are set up, they’ll automatically be sent to clients. When using email, it’s best to use an email marketing program to eliminate spam. The most important thing to think about when creating an email drip campaign is to make sure the content offers value to maximize the amount of views and clicks. Separate lists help target the audience to make the email campaigns even more personalized whether by area or by the urgency on when the lead’s going to buy or sell.
While email and online are more popular today, direct mail is still a beneficial way to stay in touch with clients and leads, and to provide value with a focused message. Newsletters with market updates, postcards, and personalized letters work well for direct mail campaigns. It’s a great idea to use a separate email address or a unique URL on a website when using direct mail to be able to track the Return on Investment (ROI) from the campaigns. Just like email programs, there are dozens of companies that offer automated direct mail campaigns.
Here are some ideas on how to utilize drip campaigns whether using email or direct mail.
·Thank you card after a sale or market analysis
·Market updates - just listed and just sold
·Newsletters and market reports - whether email or print
·Holiday and seasonal cards
·Yearly calendars
·Home anniversaries
·Surveys and quiz’s
·Phone calls – use scripts if need help on the phone
·Video updates – whether through email or social media
·Personal handwritten cards or letters
·Buyer & seller gifts or gift cards
Another great tool that real estate agents have for follow-up are listing alerts using an auto email through the local MLS. When a buyer is looking for a certain area and criteria, it’s very simple to set up a search with an auto email where the prospective buyer receives an email with any listings that meet their criteria. These can be sent as soon as the listing is active on the MLS, once a day, or it can be customized. The MLS allows the agent to keep track of when the buyer visits the portal, what listings were sent to them, and even allows the buyer to favorite properties. Once the email is on auto saved, it will automatically send new listings to the buyer unless they unsubscribe to the email. Social media is another important avenue to stay in contact with clients and leads. Inviting them to like the agent’s real estate page so that content like market updates, local news and events, and fun and interactive images can be posted to the page. This will create engagement and where an agent can interact with their followers daily.
Remember for the initial contact, follow up with a phone call within five minutes or sooner is highly recommended. Making an appointment is the ultimate goal, therefore it may take several contacts to get an appointment whether it by call, text, or email. If after a week or two and an appointment has not been set, then it’s time to add the lead to a drip campaign. Don’t forget to set aside time to work on your CRM, email and direct mail drip campaigns, MLS auto searches, and social media marketing. Make sure the follow-up is fun, entertaining, & unique in some of the campaigns used. An effective follow-up plan will guide an agent in nurturing their contacts, remind their clients that they’re still in the real estate business, and the easiest way to turn clients into future business. For more information about following-up with clients or anything real estate related, visit us at Kerry@KerryKeith.com.
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