Use a F.O.R.D for Your CRM

Written by Posted On Friday, 02 August 2019 05:25

Lead = Prospect = Friend = Closing = Commission – It looks so simple when you look at sales success with the above formula, but we all know it’s not that simple! It’s not a straight path from the time you get that lead until you finally get to commission. In an earlier article I shared my take on not Contact Relationship Management, rather, Relationship Marketing. The difference between Management and Marketing is building trust and elevating relationships to a higher level, and maybe even friendship.

Let me introduce you to the F.O.R.D. system and how it can help build relationships. This system will work with any type of CRM you are using, including 3 x 5 cards, on your phone, it doesn’t matter. Here we go:

Family – Name of spouse, children, grandchildren, pets and others important in the process
Organizations – Find out if they spend time with a group, charity, religion etc.
Recreation – Play sports, gym, golf or other fun activity
Dreams – Where do they want to be? Vacations, retirement, spend more time with family

In conducting past seminars, I have divided the room into pairs and sent one group out of the room. I then explained and showed the F.O.R.D. system and bought the group back into the room to practice using a three-minute conversation. I asked each person to capture as many of the points from the F.O.R.D. system without the other person knowing what the plan was. We went around the room and asked those who knew the system to share what they learned about the other person. More importantly, we then asked the person who didn’t know about the system whether it was a conversation or interrogation. It always amazed me the number of friendships that started that day as a result! People would comment, “we have so much in common and agreed to have lunch.”

The most important part of this is documenting the information you collected into a CRM– doesn’t matter the CRM. This provides great ice breakers and lets the person you are working with know they are important to you not only as a business relationship, but as a person.

Remember the formula from the top of this article? Try this:

Lead = Prospect = Friend = Closing = Commission

Rate this item
(0 votes)
Dick Betts

Dick Betts, REALTOR® The Villages, FL with Touchstone Real Estate, Addie Owens, Broker, Mount Dora FL.  Dick has been working in the real estate industry for more than 20 years and brings his experience and expertise to help you find the best solution for your real estate needs.  Moving to Florida in 2008 he started in Ocala and began searching where in the state of Florida he wanted to call home, Florida has so many options, Beaches, Southeast, Southwest, the Panhandle.  After weighing his options, he found where he wanted to call home just 20 miles south of Ocala, The Villages!  Living fulltime in The Villages since 2011 his only regret was not moving there sooner.

Dick has traveled across North America since 2000 speaking, training and helping REALTORS® in 47 states and 5 Canadian Provinces hone their skills to better serve the public.  He now brings those years of experience to The Villages to help folks who also want to call The Villages home.  People looking to buy in The Villages are from around the world and need a tech savvy REALTOR® to serve their needs.  Selling in The Villages you want to list your home with somebody who knows how to market your home to the Facebook Generation and bring the most exposure possible to attract a buyer.

Want to really learn about The Villages Lifestyle?  Want to see what The Villages has to offer?  Let Dick Betts be your guide and help you call The Villages your NEW HOME TOWN!

www.dickbetts.com

Realty Times

From buying and selling advice for consumers to money-making tips for Agents, our content, updated daily, has made Realty Times® a must-read, and see, for anyone involved in Real Estate.