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Tapping Into Your Existing Client Base
by Brian Hilliard
One of the biggest challenges I see facing today's Realtor is the vast number of ways they can communicate, or market themselves to prospective clients. You have the Internet, newspapers, billboards, classified ads and good old fashioned direct mail, just to name a few. While it's nice to have all these options when it comes to marketing your services, it could sometimes be a little overwhelming. In other words, after sending out postcards to your spheres of influence and farming a physical neighborhood, what other actions can a time-strapped, busy agent take in order to get the biggest bang for your buck? I'm glad you asked. For ease of discussion, I've divided the marketing spectrum into three main categories, and today will talk about database marketing, along with some examples of how you can leverage these techniques to move your business forward. Quite simply, database marketing is defined as any marketing effort geared towards a Realtor's existing client base. Generally speaking, these are people who have bought or sold with them in the past. Of all the agents I have talked to, this is by far the marketing area they use the least. Sure they'll send out a thank you card, and if they're really on the ball, maybe even put together a "move-in gift basket." But after that, most clients rarely hear from their Realtors again. That's a shame, since most people are indeed satisfied with their Realtor, yet only a fraction of them end up using that agent again. Why is that? It is probably because the original agent didn't stay in touch, so when a second listing or buying opportunity did arrive, the client couldn't easily find them. So, keeping in mind that's it's far easier to keep a good client than it is to find one, let's cover some easy ways to stay in touch with your referral gold mine, otherwise known as your existing client base.
See how easy that was? And that's just the tip of the iceberg. If you'd like some more ideas on how you can tap into your referral Gold Mine, just shoot me an email entitled, "I Love my Clients," and I'll send some more out right away. Published: May 26, 2005 Use of this article without permission is a violation of federal copyright laws. Related Articles:
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