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by Christina Ethridge 30 Comments

The Facebook Funnel – The Real Estate Lead Generation Process Using Facebook


Featured Download: The Facebook Page Setup Checklist. The step-by-step guide you need to get your Facebook page up and running and bringing in real estate leads. (Download Now)


Sometimes I think that real estate agents think that if they build a Facebook business page, the clients will just pop out of the wood work. And, when they don’t, they insist Facebook doesn’t work for real estate lead generation.

Well, I’m here to tell you that no, clients probably won’t pop out of the woodwork and that yes, Facebook is a breeding ground for generating massive real estate leads.

However. In order to generate massive amounts of real estate leads using your Facebook business page, you’ve first got to understand the Facebook funnel. The real estate lead generation process using Facebook.

First, let’s look at the real estate lead generation process . . . 

There are 4 main steps to the real estate lead generation funnel.

  • Step 1 – Capture
  • Step 2 – Convert
  • Step 3 – Close
  • Step 4 – Cultivate

Let’s break down each one and put in all the right ingredients…

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Step 1 – Capture (Facebook)

This is where Facebook comes into the funnel. The Facebook portion is where we’re going to leverage the absolute best source of highly targeted traffic and drive it into your database, aka capture it.

There are several steps in this process including:

  • Traffic.…You’ve got to get a prospect TO your Facebook business page.
  • Action.…You’ve got to get a prospect to LIKE your Facebook business page. 
  • Capture.…You’ve got to get a prospect to GIVE you their email address.
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Step 2 – Convert (Database)

This is where your email marketing comes into the funnel. You need to treat your email marketing with just as much, if not more, importance than you would your phone calls. You’ve got to leverage your email marketing to build know, like and trust relationships.

There are several steps in this process including:

  • Conversion.…You’ve got to nurture your prospect over the long term.
  • Action.…You’ve got to compel your prospect to call you when they are ready to buy or sell. 
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Step 3 – Close (In Person)

This tends to be where most agents (and brokerage trainings) give their highest energy and focus to… getting people who you have face to face or phone contact with into a position to close them.

The thing with this is that if you do Steps 1 and 2 the right way, Step 3 is insanely easy. In fact, you’ll close even more in Step 3 than if you just focus on Step 3 in all of your trainings.

There are essentially two steps in this process:
You’ve got to compel your prospect to sign a contract with you. Conversion.
You’ve got to guide your client to closing. Close.
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Step 4 – Cultivate

Something like 75% of real estate agents completely toss this step into the trash. They don’t do it. When 70% of sellers say they would definitely use the same real estate agent again, and yet only 25% of them actually do use the agent they previously worked with… this isn’t the fault of the seller, it’s the fault of the agent. They haven’t been doing the fourth step in the real estate lead generation funnel.

You must focus on the long haul. If you want a solid, consistent real estate business, you absolutely must have a way to continue to deepen your relationships with your closed clients. 64% of sellers used an agent referred to them by friends and family. If you aren’t cultivating your closed clients, you are going to fail in the real estate business.

There are basically two steps in this process:
You’ve got to encourage your client to refer others to you. Action.
You’ve got to compel your client to use you again. Conversion.
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Take a look at that process again.

The real estate agent mantra can be summarized into: Capture * Convert * Close * Cultivate. That’s easy enough to remember. It’s just not seemingly easy to implement.

At every point in the capture, convert, close, cultivate process, real estate agents freeze up. Some aren’t sure how to capture, others aren’t sure how to convert, others aren’t sure how to close and then, most don’t know how to give enough value after the closing to cultivate more business. That’s ok. Each step in the process can be learned and implemented in your business.

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The most important thing is to understand the process.

Understanding the process is the first step in knowing how to capture, convert, & close real estate leads with your Facebook business page.

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I want to help you do this!

What’s why I created the Facebook Page Setup Checklist. It’s the step-by-step guide you need to get your Facebook page up and running and bringing in real estate leads. You can download the checklist here.


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Filed Under: Facebook, Lead Generation, The Facebook Funnel Series Tagged With: facebook, facebook for real estate agents, facebook lead generation, facebook marketing, lead generation, real estate

by Christina Ethridge 2 Comments

How To Convert Real Estate Prospects: The Insider’s Secret You Must Know

Formerly Titled: Real Estate Agents!  Give the Invisibility Cloak back to Harry Potter.  Now!!

LNL Blog Post How To Convert Real Estate Prospects The Insider’s Secret You Must Know

The Invisibility Cloak can only be “used well” by an 11 year old Hogwarts student.  You, my friend, are not an 11 year old Hogwarts student.  You are a Real Estate Agent.

The question is . . . Which type of Real Estate Agent are you?

There are two types of Real Estate Agents.

One type of Real Estate Agent is a fan of cold calling, door knocking, direct mail, email drip campaigns, constantly contacting anyone and everyone.  They don’t care about annoying people.  They don’t care if they are bothering people.  They are sometimes likened with used car salesmen.

The other type of Real Estate Agent, isn’t. They can’t stand the idea of “in your face sales” or the idea of being likened to a “used car salesman”.  They prefer that people like them and willingly come to them without being bothered by constant marketing or prospecting.

Which one of these two types are you?

Which one of these two types gets the most business?

Must it be an all or nothing deal???

Here’s the REAL deal….

You absolutely, positively, must get over your fear of people potentially not liking you.  You must get over your preconceived idea of what you like or don’t like when it comes to being marketed or sold to.  Absolutely.  What you personally like or dislike is irrelevant.   Totally.

 

I mailed to my farm every 10 days until they screamed at me to go away.  If people are not complaining and not talking about you, if you are not IN THEIR FACE, you are doing it wrong.  ~Mark Spain

Repetition is the absolute KEY to ANY type of successful sales.

Truly.

I’m not lying to you.

Couple that with… Most Real Estate Agents think doing something twice is “repetition”.

Nope.  It’s not.

Repetition is constant.  Repetition is unceasing.  Repetition borders on annoying.  Repetition is often.  Repetition never stops (ok, that’s a repeat – see! I’m using repetition).

Any real record person knows that the number one most powerful marketing tool when it comes to music is repetition.  ~Nile Rodgers

You must always be present.  If you can’t always be present, you must have something that keeps you present in your prospects and clients minds.

A prospect that “sees” you today (whether that be in person, on Facebook, in an email, on a postcard) won’t remember you two days from now, or even tomorrow.

A prospect that “sees” you 2-3 times in a row will start to remember you for a day or two, or even three.  Until you’ve let a few days lapse in between “seeing” them, then their memory fades quickly.

A prospect that “sees” you 6-8 times in a row will start to remember you in their longer term memory.  That is, until you’ve let a few weeks laps in between “seeing” them, then their memory fades…

To become solidified in a prospects mind you must must must get in front of them a minimum of 6-8 times within an initial 2-3 week period.  Must.

To continue to STAY in a prospects mind, you must STAY in front of them on at least a bi-weekly basis.  At minimum.

This changes depending upon the way your prospects “see” you.

How are your prospects “seeing” you now?  Are they a “fan” of your Facebook Page that you are sharing valuable content on at least once a day?  Are they on an email drip campaign so they “see” you via email at least once or twice a week?  Are they receiving a post card, gift card or newsletter via snail mail from you at least once or twice a month?  Are they hearing your voice at least once a quarter?  Are they seeing you IRL (in real life) at least once or twice a year?

 

Christina Ethridge is the founder of LeadsAndLeverage.com, helping real estate agents capture, convert and close Facebook leads.

Filed Under: Lead Generation Tagged With: real estate lead generation, real estate marketing

by Christina Ethridge 4 Comments

Real Estate Agents – Don’t “Market Your Brand”…. Generate Leads Instead!

Let’s get real estate agents riled up.  I see these comments EVERYWHERE… Let’s get everyone focused back on branding, just when we were beginning to get people focused actual lead generation…

… Marketing is Changing. Direct Mail has very low impact today. Email marketing is dying…

 

…perhaps it isn’t just direct mail that is becoming obsolete. Perhaps both marketing and prospecting as we know it are changing. Drip emails are marked as spam… Traditional mailers hit the recycling bin, the message is lost and are perhaps an expensive waste of time.

 

…It’s all about … branding. All about people connecting and wanting to be a part of that brand. All about being the resource they find when they look for someone to help them buy and sell real estate…

 

I LOVE it when “real estate marketing experts” come along and perpetuate that “everything is changing” that “old doesn’t work” that you must “change with the times”…

Know why?

Because it means that everyone is going to be chasing the new fangled “shiny object”.  Seriously.  Everyone.  Except…. there will be a few that know that the “new shiny object” will phase out over time.  If the shiny object doesn’t phase out, it still won’t make everything obsolete.

In the real estate industry (especially), there seems to be this idea that branding is essential, that it is the core to lead generation.  That the most successful real estate agents brand themselves, which is why they get so many prospects, which is why they close so many transactions.

This is one, big, fat, fallacy.

Button Hook Pend Oreille
One of our favorite swimming places.
We didn’t find it through “branding” and
we don’t return to it because of branding.

Let me put it this way…  The consumer, aka the buyer or seller, doesn’t give a rats patootie who their agent is.  Every single statistical piece of evidence points to this fact.  Most consumers use the first agent they contact.  Most consumers don’t reuse their previous agent.  Most consumers think about the “big” company name, not the agent or team name, with the exception being in the middle of their transaction (and even then, some don’t remember the name of their agent).

If it was about branding – the consumer would be loyal, they would be asking for a specific real estate agent or real estate team.  If it was about branding, all one would need to do would be to plaster their face or their brand everywhere and they’d have a burgeoning business and, there would only be 2-3 top agents, dominating 99% of all business.  Yet, have you seen agents faces all over (on shopping carts, on bill boards, even hearing them on the radio) and then you can’t remember who is doing that kind of advertising even a day later?

See, the so called “experts” at real estate marketing try to follow the “branding” philosophy.  Some even have a decent business because of it.  We see them everywhere, we hear about them everywhere…  And yet, there are some very very silent but huge business owners out there – whom people have heard of peripherally and yet, their businesses are huge.  Bigger than most people can imagine.

What is the difference?

The biggest difference is that “out loud” but “ok businesses” are branding themselves.  The “silent” but “huge businesses” are focusing on lead generating.  They don’t care if they sponsor a local team or get their logo out there to create recognizability.  They care about having a CTA (Call To Action) in the right place, at the right time, to capture a lead when that lead shows interest in buying or selling real estate.  A compelling call to action requires absolutely zero branding.  Zero.  It only requires timing.

To bring in leads – it’s all about real estate lead generation NOT branding.  Really.  Truly.

You’ve got to be in the right place, at the right time, and have a way to capture the consumer in the moment they are seeking your knowledge.  You can stick your “brand” anywhere you want.  If you do not have an engaging, attractive, compelling call to action, that branding isn’t going to do you one stinkin’ bit of good.  Oh sure, people will remember you as the sports team sponsor, at least for the hour or two the games are being played, however, think about it…  with the best commercials, the ones you remember, how many of them do you actually remember what the commercial was for?

Lead generation is about lead capture, not branding.

Repeat and referral business is about how you make your clients and customers feel.  If you want to “brand” yourself, don’t do “brand marketing”.  Instead, allow your clients and customers to “experience” your “brand”.  What is your “experience”?  What does a client or customer experience when they use your services vs. when they use someone else’s experience?

We love the memory we have of how that brand made us feel once. We love that it reminds us of our mom, or growing up, or our first kiss. We support a charity or a soccer team or a perfume because it gives us a chance to love something about ourselves.  From: The brand is a story.  But it’s a story about you, not the brand.

Lead conversion is about influence and convincing, not branding.  It doesn’t matter how many times you flash your logo all over the place.  It does matter how often you give the consumer what they want as it pertains directly to what they get from you.  Sponsoring a soccer team won’t give you kudos’ with someone, but expertly answering their questions, before they even ask them, will.  Anticipating needs and then fulfilling them, that will influence and convince someone to use your services.

Even with a wonderful, client focused experienced, do you think “branding” is going to get them to refer people to you?  Maybe initially, while they are still in the euphoria of their experience.  However, as time progresses, it’s going to take constant cultivation to get them to remember you.  You don’t provide a product they can pick up at the grocery store every day.

You MUST focus on real estate lead generation and lead cultivation.  The real estate experience you provide should be your brand.  You should not be focusing on “brand marketing”.

Christina Ethridge is the founder of LeadsAndLeverage.com, helping real estate agents capture, convert and close Facebook leads.

Filed Under: Lead Generation Tagged With: real estate lead generation, real estate marketing

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