Training tip #7- Direct Mail 2.0
Through the years, real estate sales prospecting efforts have been driven mainly by two very basic techniques.
First is cold calling, where agents basically go through the phone book and chat up local residents hoping that they are considering selling or buying a home soon. This is a very effective technique if you can take (lots of) rejection, and don't mind making a few people mad at you. This technique has become less effective in the last few years though, as Do Not Call legislation has been enacted to give homeowners the ability to reduce or (theoretically) eliminate telemarketing calls in the home.
The second mainstay of traditional real estate prospecting is the mailout. Agents and brokers have typically used postcards to advertise their services. These cards (and letters) are usually sent to a specified geographical area called a farm and usually sent out whenever the broker gets a new listing in that area or sells something in that area. This is quite effective in making homeowners think of you when buying or selling their next home. Unfortunately, direct mail farming has also become less effective through the years as homeowners have become inundated with mortgage offers, credit card offers, car sales come-ons and direct mail catalogs on a daily basis.
We have come up with a way to make farming effective again. The key is to create a postcard with a message that is obviously different than what homeowners typically see. This is what we do: when you list a home in XYZ acres we have the ability to create a website called (for instance) MyXYZAcres.com. The website has a bunch of information for buyers and sellers, including pictures of XYZ Acres and a Google Satellite map with all current listings in the neighborhood displayed. This website is created from a Template we have developed with our web design team.
Here is an example- www.floridana.com
So what we do is:
Take a listing in XYZ Acres
Send out a just listed postcard to the residents
Direct them to MyXYZAcres.com
When we get a contract, we send out another postcard
Again, we direct residents to our site
At closing we send out a just sold card
This is quite effective. It demonstrates that you have been active, that you're really sharp and creative and that you get results.
The costs? Each neighborhood website costs $100 and postcards run about $.51 each. This is a great way to increase your visibility and sales.
