Realtors: Why use Referral Marketing
17 August 2018
To really increase your referrals and convert more prospects into clients through real estate marketing, you need to use all three. That’s because we live in a multimedia world and people respond to different forms of communications in different ways. So, to maximize your results, you need to create a multi-sensory real estate marketing experience where prospects and clients are hearing from you through a variety of formats.
A well-designed, well-written real estate direct mail newsletter is your most valuable marketing piece. Yes, it’s more expensive than an email or social media tweet, but it makes the best impression on those who receive it.
A direct mail newsletter for REALTORS® – designed the right way and featuring valuable content — has high perceived value. Your contacts know they are on your “most important” list when they see it in their mailboxes.
A direct mail newsletter for real estate agents:
The only downside is the expense. Because direct mail involves printing and mailing, it costs more than email and social media.
That’s why you should only send a real estate direct mail newsletter to your best contacts – those with the highest likelihood of giving you referrals, or those prospects who plan to move in the next year. Direct mail should also be used in your Geographic Farm.
While email has a low perceived value for real estate agent marketing, especially when compared to direct mail, it does have three important advantages.
The first is speed. With an email, you can send a message to contacts almost instantly, which is great for communicating new LISTINGS and SOLDS, market alerts, and other timely information.
The second is cost. Email is inexpensive, so you can send an e-Newsletter and other messages to lots of contacts without being concerned about the cost.
The third is reports. With the right real estate email marketing system, you can see who opened your emails, who clicked links, and other “analytics”. With this information, you can zero in on more opportunities.
But email also has a number of disadvantages.
Email is ideal for staying in touch with long-term prospects because it’s quick and inexpensive. It’s also good for sending to all your contacts such timely messages as hot new listings, solds in the area, local market news, and more.
Our real estate email marketing tools provides you with everything needed to send out personalized e-Newsletters, target prospects and view details on who is opening and reading your emails.
Social media is considered a great way to connect with people and businesses.
You probably have contacts that are active on Twitter, LinkedIn and Facebook. So, to maximize the number of referrals you get, it makes sense to get on these sites and have contacts “follow” you. That way, you stay top-of-mind.
And if you regularly “tweet” valuable content, your followers will share that content with their friends and followers, resulting in more leads and referrals for you.
You need to use real estate direct mail with your best contacts, such as past clients and hot prospects and your Geographic Farm. Email with your long-term prospects and other contacts. And social media to create followers of those contacts using social media.
Direct mail, email and social media, all working in tandem for real estate marketing. That’s the key to getting more and more referrals, month after month, year after year. How do you do all that? Our Lead Generation Systems do it all for you.