Trend: Consumers are choosing agents differently. This is trend # 9 of 10 trends I’ve identified as very important for new agents (and all agents) to recognize. These trends are from my new 5th edition of Up and Running in 30 Days.
This month, I’m featuring excerpts from this book.
{Click here to see the updates in my fifth edition of Up and Running in 30 Days.}
Also: Check the end of this blog for your free ‘end of sale’ survey to capture and keep more loyal clients.
How Consumer Habits have Changed
Traditionally, consumers either stumbled upon an agent (e.g., going into an open house) or got a referral from a friend. Although that’s still true, consumers have another powerful method to choose an agent: the Internet. Increasingly, consumers are looking at evaluations on Internet sites such as Zillow or LinkedIn to find out what other clients thought about that agent. Take a look yourself. Some of the evaluations are wonderful. Some are stunningly awful. And all are very public! There are even specific agent-rating sites such as www.realestateratingz.com and www.incredibleagents.com. Also, take a look at Zillow, which has agent ratings now. Bank of America and USAA are also getting into the game. You must work for long-term customer engagement and great ratings to sustain your real estate business. This will continue as a trend, and, I believe, change the way consumers choose and keep their agents!
* Big Idea: It costs six to nine times more to get a new client than to keep an existing client. Retention is king, and reputation is key.
{In the book, I’ve given positives and ‘watch fors’ to agents so they have great judgment on how to use these trends.}
- Positives: It will be great for those competent, caring agents who really take care of their clients. It is easier now for potential clients to get feedback from third-party sources, clients just like them.
- Watch out for: Doing a next kind of business, where you don’t care what happens after the sale. The client has recourse now, of the most expensive kind—a poor review!
Tip: Always use a ‘after sale’ survey to find out what your clients thought of your service. If you’d like a sample survey form, click here.
Have you read your clients’ feedback online? Make it a regular habit!
Are You Using the Best Start-Up Plan?
Does your plan have the detailed, prioritized checklists needed to assure a great start? Does it have built-in inspiration and motivation? Does it have dozens of tips to control the attitude? If not, you need Up and Running in 30 Days. Just out in its 5th edition, it’s the most successful book for new real estate agents ever!
Click here to see the updates in my fifth edition of Up and Running in 30 Days.
