Connect with us

Business Marketing

What do you feel are the best 2 or 3 systems to get listings?

Published

on

An email I received last week:

 

Hi Russell,

Good to hear about your new association with AgentGenius. We all need your stuff.

We can’t afford a Radio or TV marketing campaign, so I would appreciate your thoughts on…

Other than Radio/TV, what do you feel are the best 2 or 3 systems to get listings?

Other than marketing my listings, what is the next most effective method of attracting buyers?

Thanks for your help.

Raymond

Good news, it is a short list.  There are precisely two ways to get business: marketing or prospecting.  All methods of getting business fall into one of those two categories.  If the question on how to get business includes, "We can’t afford….." then for now skip the marketing part.  Prospecting is your answer.

Prospect for listings.  Buyers are almost never "looking for an agent", they are looking for a house.  So, prospect for Success - Failure listings.  Emulate top agents.  Almost all long-term top agents are listers.  To get a closed escrow you must first have an open escrow.  To get an open escrow you’ll need a listing.  To get a salable listing you will have to have gone on several listing appointments.  To get a listing appointment you will have to have leads.

Therefore, you are in the lead generation business.  Full time.  If you are going to succeed that is the business you are in all the time.  You are not in any other business.  Just getting leads.  Get enough leads and you don’t really have "unsolvable problems" in your business.  Don’t get enough leads and all you have are "unsolvable problems".  Your main dollar productive activity is getting leads.  Time spent working on getting leads is time well spent.  Invested, if you will.  Time spent on most other stuff is quite possibly wasted time. 

There can be a real charm to deliberate nonsense.  It can raise a person’s tone and get them out of a bad mood – it can do a lot of good things, it can change lives for the better.  Laughing, joking, having fun, creating and spreading a "spirit of play" can be one of the most joyous experiences in life.  Do it often.  But if not knowingly and causatively "playing" please don’t pretend that the mindless time wasting activities that most real estate agents spend their days working on are productive.  Are you causatively playing?  Cool.  Otherwise, if you don’t physically have a buyer to show a house to or are in the process of physically writing a contract, or on your way to see someone to do just that or to take a listing – prospect.  Get leads.  Get more leads.  The number of leads that you actually need is far far more than you even think it is – you need more than that.  Lots more.  Work on that. 

I found the following hereYou don’t need a life plan. You don’t need motivation, self-confidence, peer support or even luck. All you need is the willingness to take the next most obvious step—then repeat the process again and again, regardless of how you feel. Try it. Happiness comes from seeing the results of your efforts. You don’t need it before you start.

In response to your question, "Other than marketing my listings, what is the next most effective method of attracting buyers?"  My answer?  Market someone else’s listings.  This is what is done with an IDX search.  If you want more to market via the various listing propagation sites, borrow them.  Ask other agents if you can advertise their listings.  Buyers are looking for houses.  Get lots of houses on those various sites.  Hundreds is the correct order of magnitude. 

____Success Series - smaller

Something I am just delighted to be able to announce is that the Realtor Success Series is finally compiled and there for anyone to see and use.  Even I personally had no idea I already had that much content available.  I hope you like it.  More to come.

Russell has been an Associate Broker with John Hall & Associates since 1978 and ranks in the top 1% of all agents in the U.S. Most recently The Wall Street Journal recognized the Top 200 Agents in America, awarding Russell # 25 for number of units sold. Russell has been featured in many books such as, "The Billion Dollar Agent" by Steve Kantor and "The Millionaire Real Estate Agent" by Gary Keller and has often been a featured speaker for national conventions and routinely speaks at various state and local association conventions. Visit him also at nohasslelisting.com and number1homeagent.com.

Continue Reading
Advertisement
12 Comments

12 Comments

  1. Ryan Hukill

    May 12, 2008 at 6:55 am

    Oh, so true! Get enough leads, and you won’t have any time to waste anymore, I guarantee. Do it well enough, and you’ll get to the point you can’t even work all the leads, then you bring in another agent to work the ones you can’t, then another, and another. Next thing you know, you’re making money from their efforts, and you can spend THAT money on marketing!

  2. ines

    May 12, 2008 at 9:30 am

    Hi Russell! I have to tell you that lead generation is absolutely a must in our business, but being able to capture leads and turn those into clients becomes an art (I know it sounds far fetched), but I know plenty of agents that are great at capturing and converting and others that are not so great.

  3. Barry Cunningham

    May 12, 2008 at 12:17 pm

    Thanks..great info for some of our people on the real estate side of things.

  4. Mariana

    May 12, 2008 at 1:39 pm

    Russell – No wonder KW loves you so darn much… Leads. Listings. Leverage.
    Prospect for leads… Take GOOD listings… Leverage your time and money…. Be awesome like Russell.

  5. Matthew Rathbun

    May 12, 2008 at 1:40 pm

    Good “learning” stuff and great foundational information!

  6. Mike Price

    May 12, 2008 at 2:03 pm

    Welcome to AG Mr. Shaw. Nice to have you here.
    ~MP

  7. Benjamin Bach

    May 12, 2008 at 6:37 pm

    We are all in the lead generation business

  8. BawldGuy Talking

    May 12, 2008 at 7:49 pm

    One of these days folks are gonna realize how truly simple your operation is. Of course that’s the genius of it, (unforgivable pun intended) you’ve simplified your system to the point of bullet proof success.

    Plow, plant, tend, harvest. Plow, plant,…

  9. Sean Purcell

    May 12, 2008 at 9:53 pm

    Russell,

    you are in the lead generation business. Full time. If you are going to succeed that is the business you are in all the time. You are not in any other business. Just getting leads

    Countless business books on success distilled into 35 words… only Russell Shaw.

  10. Joseph Ferrara.sellsius

    May 14, 2008 at 1:12 pm

    Well said Russell. It is a lead generation business– I suppose every service business is. The more leads, the more chances to convert into clients. You can either (a) buy leads (eg. HomeGain) or (b) use your own creativity and ingenuity to get them (eg. referrals). I was surprised to learn that when (b) fails to produce enough leads, agents have turned to (a), with success.

    To Ines’ great point about conversion being an art: One must also consider that converting internet leads may not be the same as converting others.

    Nice to read you here, Russ.

  11. Sue

    May 19, 2008 at 4:23 pm

    It is nicely and simply put. We should constantly be prospecting, generating leads – the old numbers game. If an agent isn’t good at converting, being part of a team could be a good solution.

Leave a Reply

Your email address will not be published. Required fields are marked *

Business Marketing

TINA.org is helping the FTC crack down on Kardashian-esque influencers

(MARKETING NEWS) The Kardashians are just five of the seemingly endless amounts of influencers companies are using for marketing but TINA.org is over their tactics.

Published

on

tina kardashian influencers popeyes

A brand could find no better influencers than the Kardashians – the family who proved that you can get famous just for, well, being famous. Each Kardashian sister has an astronomical number of followers, making them obvious trendsetters.

That’s why brands pay the Kardashian sisters – Kourtney, Kim, Khloé, Kendall, and Kylie — tens of thousands of dollars a pop to post pictures of themselves on social media using their products.

Perhaps you find it hard to believe that the Kardashians stop by Popeye’s Chicken to grab a to-go meal before boarding their private jet. Regardless, the Kardashians, and the brands who pay them to pump their products, would prefer that you believe that these endorsements reflect the Kardashian’s actual preferences, rather than the paychecks they receive for posting them.

The Kardashians have been attempting to make their endorsements seem more “authentic” by totally disregarding Federal Trade Commission (FTC) rules that require influencers to disclose when their posts are paid endorsements.

In August of 2016, Truth in Advertising (TINA.org) filed a complaint about the Kardashians to the FTC, saying that the (in)famous sisters had “failed to clearly and conspicuously disclose material connections to brands or the fact that the posts were paid ads, as required by federal law.”

After receiving a finger-wagging from the FTC, the Kardashian sisters corrected less than half of the posts, generally by adding #ad to the post. The remaining posts, according to a recent TINA.org follow-up investigation, either have not been edited at all, or contain “insufficient disclosures.”

For example, some posts now read #sp to indicated “sponsored” – as if anyone knows that reference. In another tactic that also got Warner Brothers and YouTube influencer PewDiePie in trouble with the FTC, the Kardashians are posting their disclosure information at the bottom of a long post so that users will only see it if they click “see more.”

The Kardashians have also been posting disclosures, but only days after the original post. Considering that the vast majority of viewers comment on or like posts within the first ten hours after it’s published, most of them will never see the disclosure when it’s tacked on days later.

Some of the “repeat offender” brands, who came up both in last year’s complaint and in the recent review, include Puma, Manuka Doctor, Jet Lux, Fit Tea, and Sugar Bear Hair. This time around, the Kardashians have also failed to disclose sponsorship on posts promoting Adidas, Lyft, Diff Eyewear, and Alexander Wang.

TINA.org found over 200 posts on Instagram, Facebook, and Snapchat where products are promoted without the Kardashians letting on that their raking in big bucks in exchange. The organization has notified the Kardashians, the brands they represent, and the FTC.

The FTC has recently been cracking down on deceptive influencer marketing, targeting not only the brands, but the influencers themselves.

In April, the FTC sent letters to 46 social media stars reminding them of their legal obligations to disclose, and followed up with 21 letters in September warning the influencers that they had until the end of the month to disclose sponsorships, or face legal consequences.

“The Kardashian/Jenner sisters are masterful marketers who are making millions of dollars from companies willing to turn a blind eye to the women’s misleading and deceptive social media marketing practices,” says TINA.org’s Executive Director Bonnie Patten. “It’s time the Kardashians were held accountable for their misdeeds.”

Continue Reading

Business Marketing

Dove dropped the olive branch with new ad campaign

(MARKETING NEWS) With any ad campaign there will be misses but take a note from Dove’s playbook and learn how to not repeat mistakes.

Published

on

dove ad

Dove’s latest Facebook ad really hit the mark for whitewashing in advertising. The ad, since removed, essentially implied their soap could turn a black woman into a clean white woman.

In a three-second video on the company’s Facebook page, three women transformed into the next when they removed their shirts. The first transition caused an uproar: a woman of color lifting a brown top over her head to reveal a different woman, who is very, very white.

Although the white woman then lifts her shirt to reveal another woman with darker hair and a darker skin tone, the initial transformation is problematic in its implications of whiteness as cleanliness.

Dove has since removed the ad and issued an apology, stating in a tweet “In an image we posted this week, we missed the mark in thoughtfully representing women of color and we deeply regret the offense that it has caused. The feedback that has been shared is important to us and we’ll use it to guide us in the future.”

Wait, haven’t we been here before? At this point you’d think skin care companies would have realized a little more delicacy is required when rolling out ad campaigns. Remember Nivea’s disastrous, short-lived “White is Purity” mishap? How about Dove’s other blunder in their 2011 VisibleCare ad?

These featured another series of three women standing in front of close-ups of skin, with the darker skinned woman in front of the “before” label, and the woman with the lightest skin by the “after” picture. Although Dove didn’t intend to imply white skin is cleaner, oops, that’s what happened anyways.

While Dove has gotten many things right in terms of inclusivity and featuring models of different racial and ethnic backgrounds, there have also been several instances of intentional racist missteps. Let’s use this as a teachable moment for handling marketing mishaps.

Whenever an ad campaign offends people, the company’s response can make or break the business. If you find yourself in the midst of a marketing crisis, you can take some mindful steps to manage the situation and begin repairing your public image.

First, acknowledge the problem and issue a genuine apology that gets to the core of what your audience is saying. Dove recognized they upset people, and instead of taking a defensive “sorry you felt offended” stance, took responsibility for their actions. Once an apology is issued, explain the original intent to provide context for the situation.

Dove meant to create an inclusive campaign featuring a diverse cast of women. Lola Ogunyemi, the first model featured in the now controversial shirt ad, has even defended the ad. She stated, “I can see how the snapshots that are circulating the web have been misinterpreted, considering the fact that Dove has faced a backlash in the past for the exact same issue. There is a lack of trust here, and I feel the public was justified in their initial outrage.”

Continue Reading

Business Marketing

Aori helps you pack a punch with AdWords

(BUSINESS MARKETING) Aori is the newest tool designed to help anyone using AdWords to kick more butt.

Published

on

google adwords aori

Search ad campaign managers constantly wrestle with the best way to organize their keywords into campaigns. Most of these decisions strive to balance the time needed to manage the campaign with efficiency of campaign expenditures.

Take the SKAGs strategy, for example. The SKAGs (Single Keyword Ad Group) system is setup to trigger a unique ad for every single keyword by placing each keyword in its own group.

There’s lots of literature touting the benefits of the SKAG system. Generally, the hyper-specific match between ads and keywords improves click-through rates.

This leads to higher quality scores, which leads to lower costs for click, which leads to lower costs per conversion. The tradeoff with this system is the setup. You could be looking at hundreds of keyword groups to set up and maintain, and that’s a lot of work for a small business or startup.

This is where Aori comes in.

Their system helps to automate the process of setting up a SKAG system for your AdWords campaigns.

According to the website, the tool’s primary function is to automate keyword generation. Users enter a set of “root keywords” and common keyword extensions, and Aori will automatically generate all possible combinations of those keywords for your campaigns.

Additionally, through Aori, users can create ad templates using a “dynamic keyword insertion tool,” to enable you to utilize the strongest ad copy across multiple phrases.

In what is the least clear value point of the whole pitch, Aori also uses what they call a “unique bid-optimization algorithm.”

There is almost no detail to be found on how the algorithm works. If the tool handles all bid management for you, this could be a handy tool for PPC novices who are less familiar with the process and lack the time to learn it.

Aori appears to run cheaper than the others we know of, but that may be due to the level of automation available. For example, Aori requires the user to feed it keyword inputs, both root and extension words.

It’s also important to understand where a SKAG system can and can’t work. It is likely a better system for smaller campaigns where ad testing wouldn’t yield statistically meaningful results.

Because every keyword group targets one phrase, you can’t readily say that improvements in ad copy will translate to other campaigns.

Continue Reading
Advertisement

The
American Genius
News neatly in your inbox

Join thousands of AG fans and SUBSCRIBE to get business and tech news updates, breaking stories, and MORE!

Emerging Stories