| May 23, 2005 |
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Here's a sobering statistic for real estate brokers to ponder: fifty percent of all Internet requests from consumers never receive a response, real estate experts say. According to the National Association of Realtors (NAR), 80 percent of agents use e-mail for business, while 46 percent have a website. But research has shown that most real estate agents virtually ignore the Internet as the incredibly powerful marketing tool that it can be, letting valuable new business opportunities slip through their fingers. Making this news even harder to swallow is the fact that fully 75 percent of consumers expect agents to be Internet savvy -- just like consumers themselves are, according to the NAR. So what's a smart, growth- and profit-oriented broker to do? Simply put, help your agents master the technology that will enable them to capture and serve consumers online. Then, make sure they continually meet and exceed the expectations of tech-savvy consumers. In today's evolving, technology driven market, there's no better way to increase profits (not to mention maintain a stable of happy customers and a steady pipeline of referrals). Why is it so imperative to get in tune with Internet consumers? They are among the most desirable prospects in the market today. Compared to average consumers, Internet consumers:
With a little effort, these consumers are there for the taking, but the vast majority of agents still aren't using the Internet to its fullest potential. They're not capturing prospect information on their websites; instead, they're providing passive marketing and information on listings that lacks a strong call to action. Without a system to communicate quickly with large numbers of prospects, most agents waste time writing individual responses to every prospect. The technology gap in the real estate industry is a great opportunity for you to edge out other brokerages in the competition for customers. By helping your own agents use technology more effectively to capture, cultivate and close more business, you can enhance their productivity exponentially and boost your bottom line. Brokers, here are five tips to help your agents work with Internet consumers:
With the continuing growth of consumer technology, the future is bright for brokers who reach out to the rapidly growing number of Internet consumers. When your agents use all these tips and take the time to make a connection with each and every Internet prospect, they will naturally get the phone call when the prospect decides to make a move. Your brokerage, in turn, will gain a competitive edge and close more business. |
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