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Real Estate News and Advice |
November 11, 2009 |
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What Kind of Clients Are You Attracting?
by Dirk Zeller
The path to failure is trying to please everyone with whom you come in contact daily. Too many agents believe that they are forced to work with anyone who shows up. By excluding people, you will create better and more loyal clients. So do terrific clients choose you or do you choose them? The answer is you must work to choose your clients. You need to have an efficient system to evaluate people quickly to decide if you want them to become clients. Many of the people we meet are unreasonable and will not make good clients for anyone. Our job is to recognize their low probability of ever becoming a quality client and to run away quickly. The price you pay for letting them inside your circle is wasted time, wasted energy, emotional drain for you and for your staff, and certainly loss of revenue. That's why the feeling of walking away from someone who would otherwise cause my staff and me great frustration is even better than that of getting a new listing. But, most agents never experience the thrill of doing business on their own terms. Most agents compromise their philosophy, and beliefs for dollars, because most salespeople are just looking for the sale. A professional salesperson is always on the lookout for good clients. Below are four different categories of people with whom agents work regularly. Terrific Clients: Terrific clients respect people who are highly skilled at their professions. They listen to advice and guidance that is presented well and that has supporting documentation. They open up about their goals and desires for real estate, and their expectation for service. You will always know where terrific clients stand; they don’t play “hide the ball.” You are not the enemy. You and the terrific clients will be on the same team, working toward a common goal. They also will be fantastic referral sources for your business. No clue clients: No-clue clients live in a dream world. It is difficult to get them to look at facts and the figures that might upset the fantasy worlds in which they live. These clients really don’t want to know the truth that their homes are worth 15% less than they think. Each one believes that he or she will land the one buyer who will pay dramatically above fair market value. Unless no-clue clients have extremely high motivation – job transfer, divorce, new children -- you will have no sale. If the bottom line is that they have to move, you may be able to bring them to reality. In that case, the no-clue clients could eventually make progress toward becoming terrific clients. Information seekers: These people just want information and expertise from you. They have no intention of creating a relationship of trust; you are there only to provide your knowledge. The information-only client truly believes that this approach is justified. He or she also believes that if you are foolish enough to give your knowledge for free, then that’s your problem. These clients will take your knowledge, then either use it to buy or sell on their own, or give it to a friend or family member who doesn’t have your skill level and put the business into that person’s hands. Information-seeking-only clients will rarely answer direct questions. They are evasive. They will challenge your knowledge, beliefs, advice, fees and services; these challenges will usually become their justification for not working with you. Sometimes they get offended at your questions. Their belief is that the expertise that they can get out of you is useful, but that their way is better. Distrusting Clients: These clients believe that everyone is out to get them. They believe that everyone is trying to reach into their back pockets. They believe that every question you ask comes with its own hidden agenda, that what you are really looking for is the weak point that will allow you to destroy them. Even when, with a lot of care and attention, you manage to win these people over and make them your clients, if you or your team make one honest error, these clients will be gone. They believe that whatever negative experiences happen to them are all part of the big Realtors' conspiracy against them. Selecting and excluding people at the outset is the best way to ensure good client relations. Many problems with clients are caused, not by external events or by deficiencies in our interpersonal skills, but by the perceptions and expectations of clients themselves. Some people just don’t make good clients. Create a strong interview process, so that you can quickly and efficiently remove the problem prospects before they get inside your inner circle. Focus on working only with terrific clients. You’ll be amazed at the increased income and job satisfaction you will enjoy. Working to identify immediately the type of client you have on the phone or in person is crucial to your success and sanity. Read Part II, tomorrow - How To Become Your Clients' Trusted Advisor Published: November 13, 2000 Use of this article without permission is a violation of federal copyright laws. Related Articles:
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