Centers of Influence

When I was selling real estate, back in the Pleistocene Era, agents all had their ‘Sphere-of-Influence.’  In the 90’s, as computers became more and more a part of the equation and CRM programs moved to the forefront, agents started to referring to their ‘Client Base.’  The idea was the same:  these were people who had done business with you in the past and/or might do business with you in the future.

Being the anti-realtors* we tend to be, we never used that language.  Instead, we used the term our founder, Don Taylor, taught us:  Centers-of-Influence, or CI.

There is a subtle but significant difference between a CI and a Sphere-of-Influence, and it has to do with marketing.  We believe the most powerful form of marketing is word-of-mouth.  We believe that consumers put more faith in the recommendations of other people just like themselves than they do in slick advertisements on television, radio, in print or on the Internet.  When you look at ALL Help-U-Sell marketing, it is clear that we have a very specific and provocative message we are trying to install into our target markets:  that we are here, we are very different, people use us, it works and they save money.  The message is so powerful that it ‘sticks’ in the mind.  It hovers there.

Even if the person receiving the message has no need for our service, they are apt to remember the message when they talk with someone who does:  ‘Oh, hey, I saw an ad from this Help-U-Sell company the other day.  Looks like they might be able to save you some money.  I think it might be worth checking out before you do anything.’  And, Bingo!  Our marketing has worked.  It has caused one person to tell another person about us.  And that’s what we want to be happening with our CIs:  we want them talking about us with the other people in their lives over whom they have some influence.

While the typical Realtor is hitting their Sphere-of-Influence with, ‘Wanna buy? Wanna sell?’  Help-U-Sell folks remind their CIs they have a great program that saves people money.  All we are trying to do is build and maintain credibility with our CIs and keep our message in the conversations that occur day in and day out.

All of this brings me to a very important development.  Working with the Help-U-Sell Home Office and with Jack Bailey (the undisputed KING of CIs), Excel Print/Mail has developed an automated CI followup program.  It is a series of 8 beautiful cards that go out at specific times of the year.  The messages are informative, not sales-pitchey, and are designed to build credibility for your program and to keep your name in the forefront.  Cost is about 41 cents a card, including postage, and there is no contract (you may opt in or out at any time).  For about $100 you can reach a CI group of 250 people – and that’s pretty darn good!

The whole program is automated via OMS, is easy to set-up and use.  Without going into tedious detail, here’s what you do:

1.  Log into OMS and go to Setup-Office Details, and click on the ‘my office’ tab.  About a third of the way down the page, click ‘yes’ to opt-in to the CI program.

2.  Now, return to the menu on the left, select Contacts and My Office Contacts.  Note there is now a column with check boxes for CI.  Tick off the contacts you want to include in the program.  Make sure you have mailing addresses for them by clicking the ‘View’ button.  Add any other contacts that are not already in OMS.  AND:  if you have your CIs already on a separate spread sheet, you may get that over to Robbie and Kendra in Sarasota and they’ll get them in there for you.

3.  Again, back in OMS, select Marketing and Content, then Center of Influence.  This will take you to the page showing the cards and allowing your customization.  Set it up and you’re good to go.

You’ll notice on the card page, there is a Movement Mortgage Template button at the top of each card.  Introduced at Success Summit, Movement Mortgage has agreed to fund part of this new CI program if you so choose.  Cards will then include their Logo and RESPA required language.  It will be an optional feature and – it’s not ready yet.  So if you’re getting setup for this today, just keep that option set to No.  More information will be coming as the Movement Mortgage program is readied.

I can’t guarantee anything . . . but I can promise you this:  if you will take the couple of hours required to set this program up, get your CIs in, customize your cards, and then let it run for 2015, you’ll experience at least a 10% increase in closed sides next year.  I think this program is that good.   Go ahead, do the multiplication and see what impact a 10% increase would have on your bottom line.  And then get crackin’!  Excel will be collecting the mailing list on Dec. 29 for the first card, which goes out on January 15.

 

*Let me explain what I mean by ‘anti-realtors.’  It’s not that we hate Realtors or anything like that.  Heck, we ARE Realtors.  And it’s not that we always do the opposite of what Realtors do.  It’s just that Realtors in general are so off track, so far away from the essence of our business that, in an effort to remain relevant and viable,  we often do things differently than they do.  We make choices based on what’s good for the consumer.  They say they do the same (some of them even believe it), but all you have to do is look at the commission line on a typical HUD-1 to know who they are looking out for!  

The heart of our business is the consumer – the buyer and seller facing a big financial transaction.  It’s not the real estate agent.  Unfortunately, the contemporary business is structured around the agent.  It’s all about the agent.  Whole companies – big ones – focus their business plans NOT on selling real estate (and helping consumers with their property transactions) but on recruiting more and more real estate agents.  It’s completely upside down, and so deeply ingrained that the industry will collapse and evaporate in a cloud of irrelevance before it changes.  

Help-U-Sell is a brilliant re-invention of the real estate business.  It’s as if a group of really smart people with a big pile of money examined every aspect of the business and reworked it to make sense to buyers, sellers, agents and brokers.  It is real estate without all of the lunacy that results in consumers paying tens of thousands of dollars to sell their homes.

 

 

Two New Videos For You to Use

Robbie Stevens sometimes asks me to write and record a short video for use on various Help-U-Sell websites.  Usually these are consumer-focused pieces designed to present the superior Help-U-Sell offer and encourage viewers to seek more information.

As a new Corporate website is just around the corner (and if you haven’t seen it, it is a home run), he asked me to do two new ones.  One is a Help-U-Sell overview, mostly directed at potential sellers; the other is directed at potential buyers and presents our unique approach to helping them find their dream homes.

You can add these to your own Help-U-Sell website by logging into OMS, going to ‘Marketing and Content’ and ‘Website CMS.’ Click ‘Edit’ and select the page on which you’d like to use the video.  Scroll down and select the HTML view, then copy/paste the embed code from YouTube where you’d like to see the video.  Once you have done that a few times it is VERY easy, but I’m sure if you’ve never done it, my brief instructions seem daunting.  Give yourself 10 minutes to get as far as you can with it, then call tech support at Help-U-Sell and let them walk you through it or do it for you.

You may also email the link to prospective sellers and buyers.  I’ve included the YouTube link under each of these videos.  Here is Help-U-Sell for Buyers:

Here is the link to this video:  http://youtu.be/agkvmZYN5-8

And here is ‘The Help-U-Sell Difference’:

And here is the link to this video: http://youtu.be/sxgnCJi1CMc

Feel free to use these in any way that may help you garner new business!

Cool Stuff From Success Summit!

summit-pic

There was so much NEW at this year’s Summit!  The large group of attendees brought an energy that sustained us for three days and made it hard to say goodbye to Las Vegas.  In no particular order here are SOME of the  cool things that happened:

  • Mr. Westman attended!  Head of our parent company, Infinium, Ron Westman tends to stay in the background usually letting his team navigate the important Help-U-Sell meetings that occur from time to time.  Not so this Success Summit! He was present and involved for every minute of meetings and social functions as well.  It was a wonderful opportunity to interact with the man that got us through the worst real estate market in history.  Thank you, Ron Westman!
  • A new CI followup program was unveiled.  Working with Mike Paholke and Excel Print/Mail, Jack Bailey, John Powell and  the home office team developed a series of 8 customizable postcard mailers for staying in touch with past clients and other Centers of Influence.  The program is remarkably inexpensive and provides automatic followup to our most important friends.  Watch your email and attend the weekly Power Hour meetings for details.
  • A partnership with Movement Mortgage was presented.  This rapidly growing mortgage banker comes with an interesting proposition.  Instead of waiting to process a loan application until the closing date is imminent, they process everything immediately, completing the package in 7 – 10 days regardless of closing date.  This enables buyers and sellers to close early if they choose but more importantly, exposes problems EARLY so that there is no last minute panic.  In addition, Movement Mortgage has agreed to undrewrite 25% of the cost of the new CI program mentioned above!  Now it is an even better bargain!
  • Robbie Stevens showcased our new corporate website, slated to go live around the first of the year.  It knocked my socks off!  Really:  clean and sleek, very forward looking and modern, it makes our competitors’ sites look ancient.  And the functionality – rich in video and short on verbiage – is superb.  There is a great new home search function that includes a drawing component where any customized geography can be searched.
  • OMS Lite was presented.  This is a new app available at the Apple Store for Iphone and pad that enables Help-U-Sell brokers to add a new listing on the fly.  It includes the ability to upload photos and even phone-shot video directly into OMS.  An Android version is running through the approval process and should be available soon.
  • Platinum Edge got a dusting off and an update.  This tool for use with luxury properties has a new look:  stunning black and silver.  Guidance on how to use this tool when working with the top of the market will be a feature of future Power Hour meetings.
  • Ron McCoy presented a revamped awards program that recognized top listing offices, top buyer side offices and  top closed side offices as well as a new Don Taylor Award of excellence.  Congratulations to Jack and Cheryl Bailey and Help-U-Sell Greensboro for being tops in Buyer Sides with 59,  and to Richard Cricchio and Help-U-Sell Honolulu Properties for being tops in New Listings with 151.  Honolulu Properties was also #1 in total Closed Sides with 167.  The special Don Taylor Award went to Brenda Fischer at Help-U-Sell Options Unlimited in Terre Haute, Indiana. In a smaller market with a lower average sale price Brenda, through some aggressive and very creative marketing has captured a BIG share of the market and shown us all there is more to parades than marching!
  • Maurine Grisso, back from almost two years of illness, delighted the group with her newly published book ‘Before You Sell Your Home.’ Available on Amazon.com and Kindle, it will be on SPECIAL for one day, October 22, for the ridiculous price of $.99.  Mark your calender, buy the book and then give Maurine a favorable review on Amazon.

If there was a theme about this meeting is was that marketing – particularly core marketing to your geographical target market – is supremely important today and that no group deserves more attention than our CIs.  Systems to get those two things done automatically (and others) are key to growth.

Having missed last year’s Summit, I have to tell you I spent many months hungry for the kind of interaction that only comes when Help-U-Sell brokers from across the country come together to share and learn.  I am delighted that I could attend and if I ever miss another – I’ll probably be dead!

Gearing Up For Summit

The Help-U-Sell Success Summit takes place next week in Las Vegas.  It’s an annual event where family members from across the country gather to energize and plan.  I love this meeting because it is the time when I get to interact with a sizable group of really good real estate people.

I’ve been working on my opening comments and it seems this year I have a lot to say.  I believe we are on the verge of big change in our industry.  I can see everything shifting rather quickly leaving all but the bravest and most forward thinking out in the cold.  I believe what happened in the securities business after Charles Schwab and what happened in the travel industry after Expedia Orbitz and Travelocity is about to happen in the real estate industry.

Empowered consumers, armed with information that used to be available only to Realtors and with increasingly intuitive tools are doing more and more of the job for themselves.

When Schwab put information and tools once reserved for stock brokers online for anyone to use, he also slashed commissions.  Because his clients were doing a lot of the work on their own, he started charging a Low Set Fee for trades.  The industry was transformed.

Not so in real estate.  Consumers have the information, they continue to get the tools and today do more and more of the work that goes into buying and selling on their own.  What hasn’t changed are the fees ordinary brokers charge.  My yoga teacher said it best:

I don’t know what our agent did.  We found the house, we negotiated the sale, we did all the running around.  She opened the door and collected a commission check that was bigger than our down payment!

I’m not saying Realtors aren’t important.  In truth, they provide a good and valuable service.  It’s just that the service provided is not worth 6% of the sale price.  With consumers increasingly able to do the work themselves we’re just moments away from the tipping point where they decide the good and valuable service real estate agents provide is not worth the price.

It  is then that ordinary real estate agents will become irrelevant.

Add to that dynamic the fact that affordability is becoming a huge issue . . . and you have a near perfect storm.

Affordability?  Yes.  Today, fewer Americans can afford to buy a home than in years gone by.  Prices have continued to slowly rise while median household income as fallen.  Yes, it has.  Today’s families earn less than they did 5 years ago and that fact has pushed many out of the housing market and  into the rental market.  In parts of California, fewer than 30% of the population can afford to buy the average home.

So on one hand we have these dinosaurs, these Realtors, clamoring for their 6%.  On the other hand, sale prices (which include that 6%) are getting out of reach of consumers. Something has to give.

My guess is that the guy who can’t sell his $300,000 house and  pay his $18,000 real estate commission will opt to get rid of the ordinary agent, drop the price to $285,000 and list with a Help-U-Sell broker charging, say, $5,950.  That’s how we make homes affordable AND restore the value-for-value relationship between real estate services and fees.

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