2. Build your network
Networking is not only essential but also purposeful when you have the goal of attracting potential clients. Be active in your vicinity, never hesitate to network, and do not underestimate the importance of word of mouth. As evidenced in the National Homeowners Association annual survey of the US real estate market, among sellers who used a real estate agent, 36% decided on a realtor via a referral by friends or family. The situation is very similar in Europe, as many sellers seek recommendations and referrals from friends and family.
Networking is essential to connect with potential clients and to competition, i.e. other realtors in your area. Use LinkedIn, community and professional events to open the lines of communication. This can allow you to forge partnerships, learn from fellow professionals’ best practices, and help you avoid unnecessary clashes over shared target markets.
3. Target your local community
As mentioned above, most real estate businesses are, by definition, local. To get the most out of your sphere of influence, be clear on who and on which local market you are targeting. Social media platforms can be invaluable tools for strategising and executing such strategies.
An exciting avenue to explore might be FSBO properties –– houses for sale by owners, especially if homes have been listed for a while (maybe due to an overly ambitious asking price). Would-be sellers could be just about ready for professional assistance. Keep an eye out for signs in your neighbourhood and relevant Facebook groups. Tip: don’t shy away from skilful cold calling to identify seller leads.
Apart from telephone calls, the tried-and-tested method of dropping printed flyers into mailboxes may work wonders in catching homeowners' eye when considering a sale. If you have a list of email addresses, use email marketing to reach out.
To make these approaches worthwhile for potential clients, try our next strategy: offer added value through a free high-level property valuation.
4. Offer added value from the get-go
Your online presence is an essential element of your digital marketing strategy. Offer added value to first-time or returning visitors by providing practical and valuable information. For example, free initial valuations for potential home sellers tend to draw interest even in the early stages of the decision process leading up to a real estate transaction. Most homeowners are curious about their properties' worth on the current market. For example, such valuations, performed by PriceHubble’s Lead Generator, can lead to an interaction you can follow up on.
Remember to be aware of the importance of the content you are putting out there. Instead of promoting existing real estate listings, offer educational videos on social media or topical articles on your website. Tailor your content so that it appeals to your target group. Anticipate and answer questions typically from property owners and home buyers in your area. This way, you can establish yourself as an authority on all matters of real estate.