So, through out the years that you have spent in this business you have accumulated (with out a doubt) a huge database of names, numbers, addresses and e-mails. Guess what me too, and to that I say “So what.”
Think about the time, money and effort put into the system. Can you really…really…. justify it? Now let’s not start the whole “we’ve had this in place for X years and it’s proven itself because of blah, blah, blah” conversation. Hey, don’t get me wrong, the basis for CRM on the surface is very good. I’ve done a little old skool breakdown on the finer points.
Prospecting Get suspects, turn them into prospects, and turn them into sales, by knowing who they are, what they want, and when they want it, all in significant detail, and by being reminded to capitalize on that information automatically.
Lead source tracking Knowing where your business is coming from and spending your marketing time and money accordingly/wisely.
Referral tracking Knowing who is referring you the most business, so you know who to do more for them in return.
Communications documentation Also known as History, there is a place where it all comes together. Tasks, phone calls, e-mails, letters, post cards, fliers, and appointments. A record of everything that has happened with that contact or transaction.
Contact management That means everyone. Prospects; clients, vendors, friends relatives, neighbors. Knowing how to find any information on anyone, even from many years ago, with a few clicks instantly.
E-mail management How many e-mails are in your inbox? They should be with your contacts, or with the property, where you can find them, quickly.
Mail merge do all print or e-mail merging from within the CRM eliminating redundant external databases.
Document management Store all documents and photographs relevant to a transaction with the transaction record and/or the contact record. Having a complete paper trail all in one location is invaluable.
Appointment management – The ability to not only track when and where you had an appointment with someone, but also the ability to note the substance of that appointment.
Listing coordination The biggest complaint lodged against Real Estate agents has always been poor communication. A comprehensive, automatically executed listing plan enables you to show the property owner your comprehensive plan.
Closing coordination Even the best paper list and file methods are rife with bottlenecks and inconsistencies. Having all the information you need in one place and a to-do list automatically posted on your calendar makes your job far easier and more stress free.
Time management Having automated to-do lists, and organized methods of consistent follow-up. Decide what you want to do, once, and automatically follow up that way every time.
Risk reduction Knowledge is power. If you use a CRM properly and consistently, you will automatically gravitate towards centralizing the huge volume of detail with which you work every day. A CRM can easily and automatically organize you. Having complete records of; phone calls, letters, e-mails, appointments, etc., insures that you will use that data to service they client base you spent so much time creating.
Post closing follow-up/client retention not staying in touch with past clients is one of the single biggest causes of loss of income in the Real Estate sales industry. Never lose another referral due to your failure to stay in touch.
Staff training and accountability Personnel retention is a problem that never goes away. Having a system in place with notes built into the CRM task lists significantly diminishes the impact of a lost staff person. Additionally, it provides a clear picture of exactly who is doing what each day with regards to each individual’s responsibilities.
How many of you use a CRM program today. It is in use everyday? I find myself falling further and further away. It is because of the ability to connect with people online? Is the information already there for me to use at no cost, time or effort? Can I get thru a post with out mentioning the mighty Google? Is it time to wave goodbye?