Posts Tagged ‘realtor’
Resistance Is Crucial…
Sunday, April 10th, 2011
Let’s face it, we all look for the path of least resistance. It’s just human nature to do so. Yet think about this for a moment: what if there were no resistance, what would our life and business look like?
Well, none of us would be flying anywhere because it is the very resistance of air underneath the wings that lifts the plane and controls its flight. We’d all become quite flabby because of lack of physical effort to do anything. And let’s not forget how dull and boring life would be if everything came to us without breaking a sweat.
It is so interesting that we strive so hard so we don’t have too. And if successful at it, we end up with a rather hellish life. There’s a word for this and “neurotic” doesn’t quite fit the bill. While it may be human nature to desire the path of least resistance, we can only grow strong and have a meaningful life and career if we meet and work with resistance head on…
Art begins with resistance – at the point where resistance is overcome. No human masterpiece has ever been created without great labor.
~Andre Gide
Early in my sales career I remember hearing a story about an ordinary pumpkin that ended up becoming anything but. You see, scientists wanted to find out what would happen if they put a steel strap with weights around the pumpkin to resist its growth. The scientists kept adding more and more weight as the pumpkin grew until it finally burst after having supported over 1,000 lbs of resistance. When they examined the insides of this pumpkin, they found something remarkable. It adapted by growing much thicker and denser fibers than you would find in any regular pumpkin. It was the very resistance it had met that made it so extraordinary.
Remember this when things are tough and nothing seems to be going your way. While perhaps uncomfortable or even painful, it is a gift that can help make you far stronger than you would be otherwise —if you choose to accept it.
Refining Your Website For Greater Profits
Monday, April 5th, 2010
Congratulations! You just launched your brand new Website loaded with the latest bells and whistles. And, you can hardly wait for it to start cranking out new business while you sleep (hey, the vendor promised that would happen!) Sorry to curb your enthusiasm, your Web marketing journey isn’t over, it’s just getting started…
Measure, Test, Refine
Let’s assume for the moment that your site has tons of new traffic coming to it on a daily basis. Believe it or not, that is not a hard thing to accomplish. What is much more challenging however, is getting your visitors to convert to new business. That’s why it is important measure their behavior when on your site and consistently test additional ways to engage them and then refine your site to optimize conversion. And, this is an ongoing process that should take place ideally on a quarterly basis.
For example, something simple as changing the words from “Featured Properties” to “Best Buys” made a huge difference to Realtor Jim Dolanche’s site in terms of click through rate.
He never would have known unless he tested it.
Measuring What’s Hot and What’s Not
Imagine being able to sit over the shoulder of your visitors and see exactly how they interact with your site. Measuring site visitor behavior is very different than visitor statistics and is crucial to understanding how your site does or does not engage people who land there.
CrazyEgg is a service that generates “heat maps” of your site pages showing you where people click and how often. The brighter the spot, the more people clicked on that particular spot (see example heat map below).
CrazyEgg shows where people are clicking (the lowest form of engagement) whether or not there is a clickable link there. In one snapshot you get an immediate and rich sense of what your visitors found interesting and just as importantly, what they didn’t. For just US $9/mo you can measure the behavior of up to 10,000 visitors/mo on up to 10 pages of your site (prices current as of this writing).
Once you have measured your visitors’ collective behavior it is time to start testing alternative text, graphics, offers and even layout to see if these changes significantly improve your site’s ability to convert casual visitors into serious clients.
The ABC’s of A/B Testing
To effectively test changes to your site you need to have a way to randomly serve up both the current and changed versions of your site and then measure visitor behavior on each. This is known as A/B Testing (or Multivariate Testing when making more than one change at a time), and is a very powerful way to consistently improve your site’s conversion performance.
There is good news and bad news about the A/B Testing process however. The good news is that Google has a free A/B testing service call Google Website Optimizer that is very feature-rich and lets you test any changes to your site and statistically measure the differences in conversion, time spent on your site and visitor satisfaction. The bad news is that it is so sophisticated that you will need the help of a knowledgeable Web developer and/or SEO person to set up the tests and measure the results. One last caveat; your site needs to see several thousand visitors per month in order for test results to be statistically significant.
Consistent Incremental Improvements
Once you have completed visitor behavior measurement and A/B testing part of the refinement cycle, it is time to implement the changes you have determined will enhance your site’s conversion potential and start measuring all over again. Ideally, you want to repeat this cycle 3 – 4 times a year. Think of it as polishing your Website. It just shines that much more brightly with each treatment.
Websites are not “launch and forget” marketing weapons. They need to be consistently refined and course corrected if you want the most bang for your online marketing buck. If you focus more on the Web marketing journey rather than the destination, you will have a lot more fun and more business to show for it.
NOTE: Mr. Internet®, RUSSER Communications, its staff and officers receive no compensation whatsoever from any third party vendors (unless he/they are directly involved with the creation and/or improvement of a vendor service or product), and make no recommendations as to the suitability of the products or services mentioned in this article. Always thoroughly investigate any product or service before trying or purchasing.
Mr. Internet is the alter-ego of Michael J. Russer, an internationally recognized Internet speaker, trainer, author, and strategic consultant to the real estate industry. He’s dedicated to helping real estate professionals leverage their people skills into profit on the Internet. Send your Internet questions to help@askmrinternet.com or you can visit his Online Dominance Fan Page at http://www.facebook.com/OnlineDominance
This article is reprinted in its entirety from the March 2010 issue of REALTOR® Magazine by permission of the NATIONAL ASSOCIATION OF REALTORS®. Copyright © 2010. All Rights Reserved other than mentioned above. Mr. Internet® is a registered trademark of RUSSER Communications.
Breakdown / Breakthrough
Sunday, March 21st, 2010
Every day “good” and “bad” stuff happens to us. It’s inevitable and part of what it means to be human. Now consider this for a moment: what would your business and life be like if you didn’t label (i.e. identify as “good” or “bad”) everything that happens to you? Your experience of life would be very, very different indeed.
Labeling things as “good”, “bad” or something in-between is as natural as, well… survival. That’s because when we label things we have this (false) sense of knowing how to handle it or how it will affect us. The only problem here is that labels are not reality. A crisis that at first appears to be devastatingly “bad” in reality could be the shift that was necessary to open up whole new possibilities. There’s a neat expression for this, it’s called “Breakdown / Breakthrough”.
And likewise, something that at first blush is unquestionably positive (“good”) could in fact be a prison that holds you back from your true potential, or worse. Just take a look at the broken lives experienced by many Lotto winners for proof of this. The point is that labeling our circumstances or the people we meet is a form a judgment. And the whole purpose of judgment is to help us feel secure in knowing what’s what of everything and everyone around us. How ironic that judgment is the one thing that blinds us to what is real…
Judgments prevent us from seeing the good that lies beyond appearances.
Wayne Dyer
Life happens. We can spend our time (and emotional energy) trying to identify what is “good” and “bad”, or avoid the trap of labeling and judging so real possibilities can reveal themselves.
Speaking of what’s real, don’t forget to register for a very special free LIVE video keynote by Dr. Terry Paulson who just wrote “The Optimism Advantage”. He is a world-class speaker (and past President of the National Speakers Association). Just CLICK HERE to register for this extraordinary live session on April 7th from 3:00pm – 4:00pm EDT. I guarantee your reality will grow exponentially by the time he finishes :0)
Why Most Training Fails Miserably —And What to Do About It
Wednesday, April 22nd, 2009In this market your sales associates are looking to you more than ever for training. With the order taking days long gone, they certainly have the time for it and many are getting desperate for the “silver bullet” that will magically turn their dire situation around. We all know that silver bullets don’t exist and real change requires hard work, dedication and commitment. Yet most training programs, even started with the most sincere intentions, are doomed to fail even before the very first lesson is taught. Here’s why and how you can make any training you provide totally effective and with a lot less stress…
First, let’s define what we mean by effective training. Effective sales associate training occurs when their behavior permanently changes to align with what is being taught. Based on this metric, most real estate sales associate training fails miserably. Either your training efforts are a frustrating exercise of “talking to a wall” or at best, you have information transfer but little or no implementation.
Kids Are Easy, Grownups Not So Much…
Training adults has never been easy. Unlike kids, most adults abhor change and long-term behavioral change is the very essence of effective training. And, the accelerating pace of technological innovation and procedural complexity within the real estate industry makes this task that much more formidable. Yet the increasingly competitive environment makes effective training a top strategic priority. Without it, your company is not likely to make it through the current tough market cycle intact.
There is a very powerful and proven way out of this mess. And to best understand how and why it consistently works requires that we first examine how most training is done today.
There are three basic categories of training for real estate sales people:
- Licensing – for the purpose of obtaining or maintaining a license to help people buy and sell real estate for compensation. Real estate schools, brick and mortar as well as online, currently fulfill this need. It should be noted that the word “training” in this context is a bit of a stretch. As the purpose of this kind of instruction is not so much to change one’s behavior as it is to help them achieve the objective of becoming and remaining legally licensed.
- Basic Skills – to help new sales people a) work effectively from a procedural standpoint (i.e. understanding listing and sales processes, forms, procedures, regulatory requirements, etc.) and b) develop fundamental sales skills that will enhance their ability to generate new business and see it to fruition.
- Strategic Skills – to help experienced sales professionals develop attitudes, skills and behaviors that will maximize their long-term business growth and success. This kind of training can include team building, marketing, business planning, use of technology and the Internet, etc.
It is with this last category, Strategic Skills training, that the industry struggles with the most because it requires the greatest amount of behavioral change from the students. Yet until a sales professional’s long-term strategic behavior changes in accordance with what is being taught, no training has occurred. It is the change of the sales person’s behavior, not the passing of tests that determines the efficacy of any training initiative. And most strategic skills training initiatives fall far short of this goal. The stakes are very high because effective training of strategic skills will also have the biggest impact on your company’s competitive positioning and bottom-line.
The Power of Collaborative Training
There are currently three approaches to training strategic skills being employed. Perhaps it is best to think of them as hierarchies, with each subsequent approach subsuming the previous one and adding something extra to enhance training results (i.e. long-term behavioral change).
Training 1.0 (Immersive Curriculum)
All training requires a well thought out curriculum with specific learning objectives. Many large sales organizations and franchises invest heavily in this type of strategic skills training. Delivery can be both in the classroom or online, synchronous (live instruction) or asynchronous (self-paced), or a combination of both. While this kind of instruction can measure whether a student understands what is being taught, it does not enforce the ongoing implementation of what was learned. Therefore, given most adults’ proclivity for avoiding change, the impact of this training model is very limited (just ask any trainer). It is akin to throwing information at a wall and seeing what sticks. What is sorely lacking here is ongoing accountability that will ensure what is being taught is also being used.
Training 1.5 (Immersive Curriculum + Accountability)
This is the model used by most of the coaching companies that work independently of the sales organizations. In addition to teaching strategic skills, these groups (Brian Buffini, CKG International, Mike Ferry, Tom Ferry, etc.) provide a means by which the student is held accountable for implementing their new strategic skills. While an effective means of achieving long-term behavioral change, this training model has some serious drawbacks. These include expense (often $400 – $1000 /mo or more) and lack of scalability. Even the largest of coaching organizations have been able to attract barely 1% of the REALTOR population. And, in times of down-cycle markets, substantial student attrition occurs when high-cost coaching is one of the first things to be let go as budgets are squeezed.
Training 2.0 (Immersive Curriculum + Accountability + Exclusivity + Collaboration)
This emerging training model addresses all the limitations of earlier ones by leveraging typical sales person behavior rather than fighting it. It accomplishes this by incorporating the following:
Exclusivity – Not all sales people are ready to be trained. There are three kinds of “cats” in any sales organization…
- Cool Cats – these are the ones that see today’s challenges as opportunities, are committed, coachable and willing to collaborate and share ideas with others. They are much more interested in having a career selling real estate rather than just a job (represent only 5% – 10% of the sales force);
- Tom Cats – these are the “fence sitters” who tend to blame everything and everyone for their problems. They are not coachable or committed to a real career and think of their business as simply going from one transaction to another (represent about 85% – 93% of the sales force);
- Fat Cats – these are the “old-timers” who are typically very successful but not at all coachable and probably will retire within 3 – 5 years (represent 2% – 5% of the sales force).
The key to success in the Training 2.0 model is to work only with an organization’s elite group of “Cool Cats”. Sales people want what they can’t have and this type of exclusivity leverages that behavior.
Collaboration – This is where all the “Cool Cats” collaborate, brainstorm and support each other to succeed in the implementation of what is being learned. This innovative approach allows each individual to tap into the collective IQ and creativity of the entire group. What emerges is an esprit‘d corps that powerfully enhances the ability to change student long-term strategic behavior. It is also a way to quickly generate and implement strategic solutions that simply would not have emerged from any one individual.
Accountability – Each “Cool Cat” signs an Accountability Agreement that stipulates the special privileges, responsibilities and accountabilities (including specific consequences) as being part of the elite group. Any member that fails to hold themselves accountable is removed from the group without hesitation.
Immersive Curriculum – To achieve true scalability, training must be provided online both in synchronous (live group coaching) and asynchronous (self-paced video lessons) formats. It must also provide a way for students to prove that they have implemented what they learned in each lesson. Implementation is the first step toward long-term behavioral change. This approach also allows the curriculum to be disseminated for far less per person than a typical coaching program.
My company has used variations of this Training 2.0 model for the benefit of many real estate sales organizations since 2000. I developed an “eTEAM” training protocol that involves forming elite groups of sales professionals that are the “Navy Seals” of doing business online within the brokerage environment. A company’s “Cool Cats” are given a chance to self-identify and apply to join the eTEAM. Each application is scored by measuring the commitment level of the applicant and their willingness to work with others. Accepted applicants must then sign the eTEAM Accountability Agreement and pay for their own training. Once formed, a broker’s eTEAM meets once a week and is facilitated by an eTEAM Leader whose job is to make sure the group works collaboratively and each member is held accountable for implementing what they learn.
The eTEAMS grow over time since some of the “Tom Cats” within the organization that see the success and benefits of being an eTEAM member will eventually seek to join. Perhaps most importantly however, this Training 2.0 approach turns the typical sales person entitlement mentality into one of commitment and responsibility resulting in long-term positive behavioral changes in a highly scalable manner.
Traditional methods of strategic skills training clearly do not work well if at all. And, there are no silver bullets. The industry needs a model that addresses these issues and leverages the power of collaborative networks (both online and off), enforceable accountability and use of the latest online training platforms. This emergent Training 2.0 approach incorporates these capabilities and provides a proven way to get sales people to change their long-term strategic behavior (for any kind of training) while adapting to rapidly changing competitive environments.
Then again, you could stick with the way you are doing training now and expect different results —but we all know where that leads to.
Your Online "Silver Bullet"
Thursday, February 5th, 2009Despite the title of this article I am not a big fan of the term “silver bullet”. It implies that if you do (or purchase) just “one thing” the sky opens up, the birds start singing and all your business problems will suddenly disappear. There is no such thing. However, if you implement what I’m about to share below you will realize the closest thing to a “silver bullet” to doing more business online that has ever been offered in the real estate industry. And, it won’t cost you a dime…
The Amazon River of New Business
Even in today’s toughest markets, the Internet is still the “Amazon River” of new business that most sales people either ignore, or haven’t a clue on how to fish. In fact, most business is lost with the very first email a sales associate sends as a response to an online inquiry. How you reply to an initial online inquiry will ultimately determine whether or not you are going to do business with them.
Remember, the online consumer is someone you can’t see, shake their hand, check out their body language or even hear the sound of their voice. They prefer shopping for properties and services under the veil of anonymity provided by the Internet. Any attempt to impose traditional (i.e. face-to-face or on the phone) sales techniques with this consumer will only serve to drive them away from you.
Crafting an appropriate response to an initial online inquiry requires understanding what is important to the online consumer:
- Privacy – everybody who does anything online is concerned about privacy;
- Staying In Control – this means they want to be in control as to when and how much they reveal about their needs and wants;
- Unrestricted Access to Information – consumers use the Internet because it gives them instant access to tremendous amounts of information while remaining anonymous. Being required to reveal who they are to receive information will only frustrate them.
Critical First Response Email Script
Let’s apply what we know about the online consumer and create an email first response “script” that will attract the consumer rather than repel them.
Now assume for the moment that you just received an inquiry that looks something like this:
Most sales associates (if they bother to respond at all) typically start probing for more information and/or attempt to qualify “Jane” -which is exactly the wrong approach. The following is a script that is specifically designed to “speak the language” of the online consumer and is the closest thing to a “silver bullet” you can find online:
Put yourself in the position of being “Jane”, who just sent the inquiry to a REALTOR. When you get this kind of response back, how are you feeling? What does this response say about the sales professional who sent it?
You will note there are two versions of the Critical First Response script above depending upon whether or not the consumer provided their phone number. Many sales people think that if the online consumer provides their phone number in their initial inquiry, then that is an open invitation to call them. Ironically, that is typically not the case. The second version of this script shown above helps you address this situation. Just send the response, wait 24 hours and then give them a call (assuming of course they did not explicitly ask you to not call them). You will find that by doing this the reception you will receive at the other end of the phone line will be considerably warmer.
By using this script you will immediately change the relationship you have (or could have) with the online consumer. And, your ability to convert them into new business goes up tremendously. In case you have any doubts about the efficacy of these scripts, I receive emails from sales associates all the time who tell me how well it works. Here’s just a couple I’ve received recently extolling the power of this approach:
I thought Charles’ offer to take me deep sea fishing was quite generous until he said that as a direct result of using these scripts he earned an extra $100,000 in commission in just 3 months. Oh yeah, almost forgot to mention that about 70% of the closings in his market are REO and Short Sales -without question a rather tough place to do business.
Here’s another sales associate who was so excited when she saw the results of using this script that she shared the consumer’s response with some of her fellow associates:
The first part of the consumer’s response to Talley’s reply is very instructional (highlighted section). You will see that she explicitly voices the very things we discussed earlier that are important to all online consumers. It’s as if it came from the mouths of babes!
If It Ain’t Broke Don’t Fix It!
These scripts are easy to implement. Simply create an email signature for each version of the script, making sure that your spelling and punctuation is correct. DO NOT be tempted to alter these scripts by even one word (other than of course your contact and PS: copy). Invariably, when sales people “tweak” the text they introduce their unconscious bias’ into the copy that typically reduces its effectiveness. I’ve heard some sales associates complain that the scripts don’t “sound like them”. Chances are they don’t, otherwise they wouldn’t be having the problem of converting online inquiries into closed transactions!
Success with online consumers is all about understanding human behavior. By applying this understanding in a practical way via “Critical First Response” email scripts you greatly increase your chances of turning casual inquiries into serious new business, no matter how tough your current market is. While not a “silver bullet”, they certainly are the next best thing.
NOTE: Mr. Internet®, RUSSER Communications, its staff and officers receive no compensation whatsoever from any third party vendors (unless he/they are directly involved with the creation and/or improvement of a vendor service or product), and make no recommendations as to the suitability of the products or services mentioned in this article. Always thoroughly investigate any product or service before trying or purchasing.
Mr. Internet is the alter-ego of Michael J. Russer, an internationally recognized Internet speaker, trainer, author, and strategic consultant to the real estate industry. He’s dedicated to helping real estate professionals leverage their people skills into profit on the Internet. Send your Internet questions to help@askmrinternet.com or you can visit his Website at http://www.russer.com
This article is reprinted in its entirety from the January 2009 issue of REALTOR® Magazine by permission of the NATIONAL ASSOCIATION OF REALTORS®. January 2009. All Rights Reserved other than mentioned above. Mr. Internet® is a registered trademark and IECTM and Ask Mr. Internet!TM are trademarks of RUSSER Communications.
A Wing and a Prayer
Thursday, December 18th, 2008These days it can often feel like our business is moving forward on a wing and a prayer. But what about when the unthinkable happens and one of your wings falls off?! Click here to see what does: wing-prayer
Just when you think things can’t get much tougher, they sometimes do. If you panic, well… you’re dead.
On the other hand, if you keep your head about you and apply basic success principles, you’ll land in one piece. (your heart may be racing a bit -but that’s part of the fun
)
There’s no disaster that can’t become a blessing, and no blessing that can’t become a disaster. — Richard Bach
Always expect the unexpected and anticipate the unforeseeable. And the best way to do this is to practice, practice, practice those things that consistently work for you. So when the unexpected happens, you won’t even have to think about it, you will just do what it takes to handle it. And that is what being a true professional is all about…
REALTOR® Wins $25,000 Web Makeover
Monday, October 27th, 2008San Diego, CA, October 14, 2008 – Patrick Canavan, a Prudential Eco-Broker from Orange County, California, won a life changing, and business changing makeover! Organized by Cherie Young of Online Marketing Strategies in partnership with Michael Russer (aka Mr. Internet®) and other top real estate partners, Mr. Canavan is receiving consulting, training, and other services valued at over $25,000, all dedicated to overhauling his website, www.EnterYourDreamHome.com.
Two years ago, Cherie and her partners decided to give back to the real estate industry by providing one of Michael Russer’s students with a website makeover. Ms. Young says, “The first Amazing Website Makeover was so successful that we decided to do it again, only this time we are taking it to the extreme! We chose Patrick Canavan based on attitude and shear grit. As an Eco Broker, his green real estate target market was the pivot point for our selection.” Michael Russer endorses this selection, saying, “More and more people are making environmentally conscious choices in their lifestyles, and the real estate industry is answering that need. Several savvy REALTORS® are focusing their services on the ‘Green Niche’, but they need help to build awareness of the possibilities. I am proud to join Cherie and the other businesses contributing to this cause.”
Although the sponsors were providing the products and services, Mr. Canavan did not get to sit idly by under a shady tree. He had to put in some hard work to bring all the pieces together:
- Website design from Cherie Young of Online Marketing Strategies.
- Point2 Agent co-sponsored this initiative, bringing in many of their associates.
- Michael Russer is providing internet and business coaching through Online DominanceTM.
- IDX solutions was sponsored by Diverse Solutions.
- Training for Patrick’s blog, OrangeCountyRealEstateVoice.com, by the Real Estate Tomato University.
- Custom designed email stationery from Onletterhead.
- Single property sites designed by Agency Logic.
- AgentsCast will be providing premium video real estate services.
- Randy Eagar from WebsTarget is providing search engine optimization.
- iScan is providing a one year subscription to their DRE compliant paperless transaction CD service, branded to his custom website.
- NeuStep will provide one virtual walk through for one LEED Certified listing using their WebWalkTM real estate technology.
The final result is a beautiful custom real estate website which not only gives Patrick Canavan a tremendous internet presence, but provides truly valuable content and services to his customers. For additional details, please contact Cherie Young at www.CherieYoung.com.








