Oct. 16th 2009
by Verl Workman, Speaker/Trainer/Coach
There are universal principles for getting referrals that all businesses should use – and that includes all of you Real Estate agents!
Many people feel that the best way to get referral is to simply ask, and while that is an easy strategy, having a true referral business requires a real strategy. I used to be a leader in selling hot tubs and satellites systems for 8 years before becoming a Real Estate Agent. The key principles I learned and the strategy I developed continues to work today in every business I am or have been part of.
The 6 keys to getting referrals are as follows:
1. You must script the way you are going to ask and practice the script
2. You must ask a minimum of 3 times in different ways during an appointment
3. You must teach them how to give you a referral
4. You must provide excellent service
5. Every problem you solve is an opportunity show how great you are and ask again for referrals
6. You must follow up forever!
1. The script:
“ Mr. and Mrs. Jones, thanks so much for your business, and we look forward to working with you (selling your home, buying your new home, etc). Our business thrives because of people like you who refer their friends and family to us to so we can help them achieve their dreams of homeownership, so if you know of anyone who is thinking about buying or selling a home please give them our name and number.”
2. Different ways to ask at varying opportunities:
Script:
“Ok we are all set for the appraisal on Friday, just fill this form out as to your best contact information and we will have Dave get a hold of you on Friday. If you could also fill in this quick form as to why you chose us so we can continue to offer great service I would really appreciate it. One last thing; Right here on the form there is room for you to list 4 or 5 people that you know that might be interested in buying or selling a home. If you would just fill in their contact information, we will follow up with them and promise to give them the same service you have come to expect from us! Oh by the way if you need extra paper or an excel spreadsheet feel free to let us know and we will provide the extras )” (It’s ok to add humor.)
3 . Teach them: Once again we really appreciate your business.
Script:
“Just as I’m sure your business grows because of your great customer referrals, our business thrives because of them as well. If you could do me a favor, and whenever you are talking about your new home (or your experiences selling your home), and someone shows interest, please just jot their name and number down and give me a call. I have found if you give my card out, they rarely follow up, but if you give me their name and number, you know I will always follow up”
4. Provide excellent service. The best way to gain trust is to be exceptional. In a service business like real estate there are so many opportunities to provide great service above and beyond the expectations of the client. Everyone on your team including your receptionist, administrative assistant, buyers agent, photographers, title company, etc. all have the opportunity to leave a lasting impression on your customers. This creates a company culture that rewards clients for choosing your company –and a great experience will drive unlimited referrals
5. Every problem you solve. When service is needed or a problem is brought to your attention the attitude you demonstrate will be the turning point of whether or not that client will refer their friends to you. So you have a choice point, and that is to look at a problem with the attitude of “Oh boy, another problem”, or “I’m so sorry there is a problem!” A better response is: “Let’s get this figured out quickly so you can continue to move forward with your new home purchase”. Once the problem is solved it is a great opportunity to ask for a referral.
The dialog might look something like this:
“ Ok, Mrs. Murphy, there you go, we’ve gotten those issues with the appraisal cleared up, is there anything else I can do or help you with while I am here? “ Well great, then! Oh by the way, who have you talked to about this new home you’re buying? I bet your friends are eager to see you settled in and are looking forward to that first housewarming get together! Would it be ok if I called any of them to see if they are interested in buying/selling a home as well? Great, how can I contact them and would you mind just giving them a call today and let them know I’ll be calling this afternoon?” Terrific! And thanks so much!”
6. Follow up. This is where most companies and real estate agents fail! They practice “Kung Fu closing”. They get a client, the client buys or sells, the property closes, then the real estate agent is off into the sunset never to be heard from again just like the ending of every Kung Fu episode in the 80’s. A great referral business has systems in place to make sure they are “heard from” on a regular basis. At least one touch a month for life. This could be in the form of an email newsletter, a survey, a phone call, or a mailer with discount coupons for local businesses or restaurants or whatever the season calls for. The bottom line is it must be a system and it must be consistent. If you regularly communicate with your clients, then they will keep you at the front of their mind so when anyone mentions buying or selling a home, your name comes up. And because you have been so diligent about asking for referrals they are excited to be able to give you one
Getting referrals is not difficult, however is does require a strategy to make it happen consistently. Everyone in your company needs to learn the dialog, practice the scripts and provide excellent service, and when this happens you will knock it out of the park with the most profitable kind of business….referrals
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Verl Workman is a leading national speaker, coach and consultant. Despite his busy speaking schedule, and role as co-founder of Pinnacle Quest Consulting Group, he still sells real estate so that he can test and stay abreast of the latest tools and techniques that maximize results. He uses that knowledge to assist individuals and companies in building effective business strategies, implementing powerful technology solutions, and establishing strategic competitive advantages through coaching, seminars and private consultations. To contact Verl, visit www.VerlWorkman.com or www.PQPipeline.com or email at coach@verlworkman.com. You can also connect with Verl on Facebook at www.Facebook.com/VerlWorkman