Whether you’re a brand-new realtor with a fresh license or a seasoned professional ready to grow your team, one thing is for sure – you need to incorporate a good real estate lead generation process into your real estate marketing strategy.
Like anything else, the technology behind lead generation is constantly evolving, and it can be difficult to stay on top of the latest ways to keep customers coming through your door.
We’ve put together 12 real estate lead generation sources to grow your business and your bank account.
Why is Lead Generation Important?
Real estate is a revolving door of clients — as soon as you get a new one in the door, another one is settling on their forever home. In order to keep your business flowing, you need to constantly have new clients coming in. That is where a targeted lead generation strategy comes in.
Relics of lead generation past, like cold calling and knocking on doors, are not as successful as they once were. Most people won’t even answer the phone or open their door to someone they don’t know. These methods of generating free leads are tired. Luckily, there are plenty of new and easier ways to generate leads that convert into happy homeowners.
Lean Into Your Own Style to Develop a Lead Generation Plan
One of the best parts about real estate is that you can build your business to accommodate your strengths. Devising a lead generation strategy is very similar. There are so many ways to generate real estate leads that if one doesn’t appeal to you or isn’t working – you can skip it. Focus on the methods that suit your personality and let your natural skills take over.
Developing a good strategy isn’t rocket science. It just takes some time, research, and hard work.
Top 12 Real Estate Lead Generation Sources
As I reveal the list, ask yourself if these strategies are something you do or something you’ve avoided. Remove the fixed mindset and bring an open mind to all of these being viable options to help grow your business.
Not surprisingly, working your past clients and center of influence was the top strategy for Elite+ members to generate new business. With what frequency are you informing homeowners in your database? Do you truly know your customer? Become the knowledge broker for these people, and I guarantee you’ll win.
Mega Open House / Event
Who says Open Houses only attract buyers? When you create Mega Open Houses that truly give people a reason to show up, you can meet the neighbors, impress them and position yourself as the listing agent of choice. Provide food, drinks and fun, invite the neighbors and make the most of your Open Houses. For comprehensive step-by-step instructions for creating your own Mega Open House and more, download your Open House Advantage Success Pack now! Also be sure to check out this case study on coaching member James Suarez.
Identifying a group of homes with sufficient annual turnover to justify a large enough return on investment to offset the costs of your direct mail, marketing efforts, Facebook ads, etc. — and then inundate them with your message until you become that logical choice. Demonstrate proof of activity (Just Listed, Just Sold, Market Updates, etc.) to win over potential sellers and become the listing agent of choice in your marketplace.
This one probably rates higher for our coaching members than the average agent due to our amazing ecosystem — a sharing of ideas and referrals that many of our members cherish. But you can still capitalize on referrals by doing your research and forging relationships with agents in strategic locations. Determine the areas that statistically contribute the most people to your community, and then build networking relationships with agents from those communities.
Today’s most savvy agents are over-indexing on online arbitrage and seeing it as a significant listing opportunity. Why? Because those who are shopping for homes online often have to sell their own property before they can buy.
Before you freak out and tell me how much you hate the idea of pursing Expireds, think about this: A homeowner of an expired listing is just a human being facing a challenge. You’re a confident Rockstar listing agent. Be the knowledge broker and help that person solve their problem. When you do this, it becomes the Ultimate Proof of Success, showing how you achieved what other agents could not. So reach out — via direct mail, phone calls, doorknocking — any way you want, but don’t allow a fixed mindset to blind you to the huge opportunity in Expireds.
Seller-Specific Online Marketing
“Curious about the value of your home?” Seven simple words that can get people to raise their hand and indicate the possibility of selling their home in the future. This isn’t a quick hit solution, but if you’re willing to provide information to these people, get them in your system and nurture them, you can convert over the long run.
Have as many signs as your local regulations allow! (Another reason to do big Open Houses frequently with lots of signs.)
Love ‘em or hate ‘em, FSBOs are the fastest source of business opportunity. The truth of the matter is there’s a small percentage of people who won’t be able to sell their home themselves and will look to hire someone like you to help them achieve their goals. Remember, every home you list means more signs, more exposure, the ability to help more people.
There is so much money coming into the marketplace right now, and the question becomes are you paying attention to capitalize on the opportunity investors provide? What if you sat down with your title rep and asked for a report on everyone who owns three or more properties in your area. Identify them, work with them, help them sell when they’re ready, bring them meaningful value, and make them customers for life.
Similar to investors, you can capitalize on working with builders by having your title rep identify any properties zoned for R2 but currently only has one unit on it. Find those properties that have been owned 20+ years and ask the right questions to present the possibilities to the property owner.
Professional Networking / Corporate Relocation / Radio / Seminars / Yelp Reviews
These five strategies all tied for 12th.