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#331379 - 03/16/10 10:02 PM Re: I MAKE 100 COLD CALLS EVERY DAY & LOVE IT! ***** [Re: Dan G.]
lucky Offline
Veteran Member

Registered: 12/26/09
Posts: 627
Loc: toronto, Canada
Of course FSBO's & Expireds are a great source of high impact business....go for it. You. May not have past clients yet but you do have a S.O.I. So call them every quarter and mail to them monthly if you can.

Originally Posted By: Dan G.
I am very new to this and have been reading this forum for a few weeks now. I just want to chime in and say that this has been an extremely useful thread. I just recently received my license and have been learning some of Mike Ferry's techniques. I have decided that is the approach I will take with my business.

Lucky, do you think prospecting by calling expired and FSBO's is a good way for a brand new agent to start their business? Obviously I can't call past clients since I don't have any. Since I am brand new I don't have as much to offer as an experienced agent.

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#331383 - 03/16/10 10:21 PM Re: I MAKE 100 COLD CALLS EVERY DAY & LOVE IT! [Re: Paceryder]
lucky Offline
Veteran Member

Registered: 12/26/09
Posts: 627
Loc: toronto, Canada
Who cares if they make you gag? Who says my scripts don't come from my mouth? My scipts earn me $1,200-$1500/ hour while prospecting last time I checked. I guess that makes you gag also?


Originally Posted By: Paceryder
Originally Posted By: lucky
I am well versed in the MFO scripts plus I have created several of my own to fill in the voids...nothing magical really.

My main lead in script is "Hi Mr or Mrs so an so? This is ______ with _______ real estate and I have some serious buyers for your area....do you have any plans on selling your home? etc. etc.


I hate those scripts. Great that they work for you. I use scripts also, but mine are truthful, sound as if they are natural and come out of my own mouth, and don't make me gag.

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#331385 - 03/16/10 10:27 PM Re: I MAKE 100 COLD CALLS EVERY DAY & LOVE IT! [Re: Paceryder]
lucky Offline
Veteran Member

Registered: 12/26/09
Posts: 627
Loc: toronto, Canada
What have you contributed to this thread Einstein?

Originally Posted By: Paceryder
Originally Posted By: lucky
I don't want to make this thread all about me....


Good grief! You started the thread! I'm only 12 posts into it and it's already all about you!

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#331386 - 03/16/10 10:39 PM Re: I MAKE 100 COLD CALLS EVERY DAY & LOVE IT! [Re: lucky]
lucky Offline
Veteran Member

Registered: 12/26/09
Posts: 627
Loc: toronto, Canada
Man, this market is compeditive for listings. I have been tracking the leads I have lost to other agents so far in 2010 and currently the total is 22. Imagine if I could somehow have listed 1/2 of them! I'd be up by an additional $100k for the year! The potential is exciting yet frustrating at the same time.

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#331387 - 03/16/10 10:44 PM Re: I MAKE 100 COLD CALLS EVERY DAY & LOVE IT! [Re: lucky]
lucky Offline
Veteran Member

Registered: 12/26/09
Posts: 627
Loc: toronto, Canada
My postcard mailout for the begining of March yeilded me 8 callbacks. Can't truthfully attribute much direct business yet from my postcard campaign.
I found a great website for those interested..."POSTCARD SMART". Lots of studies and articles on the concept.

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#331388 - 03/16/10 10:54 PM Re: I MAKE 100 COLD CALLS EVERY DAY & LOVE IT! [Re: lucky]
RAH Offline
Member

Registered: 03/08/04
Posts: 311
Loc: Ontario
Originally Posted By: lucky
Man, this market is compeditive for listings. I have been tracking the leads I have lost to other agents so far in 2010 and currently the total is 22. Imagine if I could somehow have listed 1/2 of them! I'd be up by an additional $100k for the year! The potential is exciting yet frustrating at the same time.


Lucky, do you ask the leads why they chose another agent?

Maybe, with their feedback, you can figure out how to be more competitive.

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#331401 - 03/17/10 06:51 AM Re: I MAKE 100 COLD CALLS EVERY DAY & LOVE IT! [Re: RAH]
lucky Offline
Veteran Member

Registered: 12/26/09
Posts: 627
Loc: toronto, Canada
Good question RAH. Yes, I have asked at times. There is no one or two single reasons. This year I actually am tracking them for the first time by printing the lead sheed and the listing sheet. I have brainstormed with my coach, my broker, and other agents. In summary, it is just massive competition in a good market. Sellers know there home will sell for a great price regardless who they list with. Most rescent one ( which was sold by a good agent in my office so I know the inside scoop) they listed with a friend, a really young guy who just got his liscence, from outside our marketplace. having the biggest board in the world is both a blessing and a curse for agents in a hot market. Blessing because agents from all over will bring buyers, curse because agents from all over just barely in the business come in and steal the listings at any commission and the house sells regarless of the experience or th price. Seems to be cooling a bit now. N08....my market has 30 new listings daily and only 5 selling. It may balance out soon and the part time agents will go back to their full time jobs hopefully.

Originally Posted By: RAH
Originally Posted By: lucky
Man, this market is compeditive for listings. I have been tracking the leads I have lost to other agents so far in 2010 and currently the total is 22. Imagine if I could somehow have listed 1/2 of them! I'd be up by an additional $100k for the year! The potential is exciting yet frustrating at the same time.


Lucky, do you ask the leads why they chose another agent?

Maybe, with their feedback, you can figure out how to be more competitive.

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#331530 - 03/18/10 06:36 AM Re: I MAKE 100 COLD CALLS EVERY DAY & LOVE IT! [Re: lucky]
lucky Offline
Veteran Member

Registered: 12/26/09
Posts: 627
Loc: toronto, Canada
SELF-CONFESSION TIME! I AM OFF MY SCHEDUELE! Man I hate this feeling. Feels like I am accomplishing NOTHING! In reality I am accomplishing nothing. Just maintaining previous production. I find if I do not have a weekly and monthly goal and focus on them then I am simply coasting.

BACK TO GOALSETTING!!!!!!!!!! Going the reset activity/production goals for the remaining of the month of March.

First quarter is almost gone. Let's do some damage Second Quarter!

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#331535 - 03/18/10 07:48 AM Re: I MAKE 100 COLD CALLS EVERY DAY & LOVE IT! [Re: lucky]
Perky_REALTOR Offline
Mod Squad
Major Contributor

Registered: 11/27/06
Posts: 7685
Loc: PA
Maintaining is not the same thing as accomplishing nothing. Maintaining is an accomplishment in its own right.

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#331578 - 03/18/10 12:10 PM Re: I MAKE 100 COLD CALLS EVERY DAY & LOVE IT! [Re: lucky]
navarac Offline
Veteran Member

Registered: 01/19/06
Posts: 994
Loc: New Jersey
Originally Posted By: lucky
Man, this market is compeditive for listings. I have been tracking the leads I have lost to other agents so far in 2010 and currently the total is 22. Imagine if I could somehow have listed 1/2 of them! I'd be up by an additional $100k for the year! The potential is exciting yet frustrating at the same time.


The answer to this is that you don't really offer something different from other agents. Or, you are not effectively communicating what that difference is. If your program is truly unique and truly compelling, and you communicate it well, your conversion rate should be very high.

Perhaps you are concentrating too hard on the numbers game of lead conversion, rather than the quality and uniqueness of your service. Or perhaps your service is not unique at all, in which case you need to examine how to improve it.



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#331697 - 03/18/10 10:31 PM Re: I MAKE 100 COLD CALLS EVERY DAY & LOVE IT! [Re: navarac]
Dan G. Offline
Member

Registered: 03/08/10
Posts: 17
Loc: Long Island, NY
Lucky, I really like your mindset. That is what I am striving for. I am working on my mindset so I could always push forward, and not settle for maintaining. I know if I become comfortable with my results I will not strive for more.

Keep it up...Its inspiring.

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#331725 - 03/19/10 07:14 AM Re: I MAKE 100 COLD CALLS EVERY DAY & LOVE IT! [Re: Perky_REALTOR]
lucky Offline
Veteran Member

Registered: 12/26/09
Posts: 627
Loc: toronto, Canada
I understand your point Perky. However, in a world which is forever changing and most are striving to move forward and do more...staying at the status quo/maintaining is actually falling behind. The way I see it there is not such thing as staying the same. Could be this is a by-product of life in the big city.

When I started the thread I stated I wanted to grow my business by 20 odd deals by implementing a few new aspects to my systems. First quarter is gone and I so far I don't see this happening.

This is why I feel maintaining is actually nothing...for me of course.


Originally Posted By: Perky_REALTOR
Maintaining is not the same thing as accomplishing nothing. Maintaining is an accomplishment in its own right.

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#331726 - 03/19/10 07:43 AM Re: I MAKE 100 COLD CALLS EVERY DAY & LOVE IT! [Re: lucky]
Jennifer Allan Offline
Major Contributor

Registered: 11/12/06
Posts: 1623
Loc: The Beach
Off topic a bit... but some of my thoughts on alternatives to cold-calling will be in April's REALTOR Magazine... http://www.realtor.org/rmosales_and_marketing/articles/2010/1004_selling_donotcalllist
_________________________
Jennifer Allan, GRI
RE/MAX Hall of Fame
Author of Sell with Soul, Creating an Extraordinary Career in Real Estate without Losing Your Friends, Your Principles or Your Self-Respect

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#331736 - 03/19/10 09:39 AM Re: I MAKE 100 COLD CALLS EVERY DAY & LOVE IT! [Re: awsmith]
Focus Offline
Member

Registered: 03/05/07
Posts: 146
Loc: USA
Lucky, I appreciate your posts. It has encouraged me to start prospecting again.

I know your results are not where you want them to be. However, you are definitely building momentum. You are very disciplined and you'll reach those goals.

If anyone has recommendations for scrubbed DNC lists in the U.S. (or firms that sell them) please post info or PM me. Thanks so much.

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#331826 - 03/19/10 07:01 PM Re: I MAKE 100 COLD CALLS EVERY DAY & LOVE IT! [Re: Focus]
RAH Offline
Member

Registered: 03/08/04
Posts: 311
Loc: Ontario
I've always wondered... when you cold call someone, say your opening script, and they simply hang up on you without saying anything... does that count as a contact? smile

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