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EP 286: The “56k Profit Moldy House” Deal w/ Beau Hollis | Behind the Deal
43 Real Estate Lead Generation Strategies That Can Change The Way You Do Business
As a real estate professional, you know that effective real estate lead generation is a fundamental aspect of business success. The process of acquiring new leads directly translates to cultivating a broader client base, ultimately contributing to increased revenue for your real estate endeavors. × × Demo Carrot: How many deals are you losing to your competitor’s website? Take a Free Demo 65% of businesses say generating traffic and leads is their biggest marketing challenge. The real estate industry is saturated, and competition is high. Whether it’s agents looking for buyers or investors looking for sellers, the struggle is the same. How can you beat the competition and get new leads through the door? Lead generation might seem monumental, but with the right strategies, patience, and hard work, you can raise your number of clients through effective lead generation. This article discusses 43 of the best real estate lead generation strategies. In fact, these are the same lead generation strategies that many of our Carrot members have used to generate millions of leads (not counting 1000s of phone call leads): Experts say 20% of real estate professionals pull in 80% of the sales. And despite how exact those percentages are, there’s a merit of truth to the 80/20 rule. We’ve all met, for instance, the person who out-profits every other real estate professional in their location. More often, though, we meet the real estate professional who generates 80% of leads annually. The reality is that some people are better at generating leads than others — but only because they implement the right strategies. Over that time, we’ve learned a thing or two about lead generation in the real estate space… and so have our members. We want to give you these real estate lead generation strategies that will change your business. 43 Real Estate Lead Generation Strategies for Agents, Brokers, Realtors, and Investors 1. Treat your properties as a storefront… kind of Our first idea comes from mobile home flipper Paul doCampo, who responded to an inquiry I made on Facebook asking for real estate lead generation strategies. Here’s what he said. “Treat your house flips like a storefront almost. Especially in places that have a lot of traffic. Banners, signs, take-home boxes during construction, contractors with a stack of your business cards, and trained what to say. Make your message/USP known to everyone who walks by and make it as easy as possible for them to contact you.” For real estate agents, that’s par for the course. Most agents wouldn’t try to sell a house without putting a sign in the property’s front yard. For home flippers, house-front signage and banners often miss real estate lead generation opportunities. While you own the property, you might as well use it as free advertising for your real estate business, “especially in places that have a lot of traffic.” Here’s one example from Coroa Homes doing this. Here’s the thing about real estate lead generation: you never know where your next deal will come from. If you’re like most real estate professionals, you’ve landed deals in unexpected ways — coffee shop conversations and everyday run-ins. That is just one more advertising method that allows you to get your message in front of more people. And who knows? Maybe you’ll make $25,000 extra this year just because you put a sign in a yard. 2. Create amazing website content Your real estate agent or investor website can greatly impact your overall revenue. And at Carrot, we talk about content marketing on your website. But that’s intentional. We only do it because content marketing is often an … Continued
20 Real Estate Negotiation Tips from 3 Negotiation Experts + Free Scripts
The Pre-Negotiation: Base-Setting For The Verbal Negotiations The first thing we’d like to mention is the pre-negotiation before diving into the 20 real estate negotiation tips our three experts offered. Before you get on a call with a seller for the first time, they have some preconceived notions about who you are, what you do, and what your business is like. They’ve unknowingly gathered this information through your offline marketing materials (direct mail, bandit signs, etc.) and online marketing materials (your website and digital advertisements) and perhaps through referrals from a friend or family member. Maybe, they come in thinking that you’re desperate for deals. Maybe, they come in thinking that you’re trustworthy and level-headed. Maybe they come in having no idea about what you do but are curious about how you might be able to help them. Whatever they believe, for better or worse, it’s a direct result of the brand you’ve created. That’s why building a well-respected brand in your community is so important. It makes sellers more likely to trust your opinions, value your input, and answer your questions honestly, making your job as a salesperson much easier. But how do you set the stage for effective and profitable negotiations? Here are some quick tips… Add Credibility To Your Website — When someone visits your website, you want to build as much credibility as possible… as fast as possible. This means including testimonials from past happy sellers, emphasizing that you’re a local real estate investor, showing your online reviews, being honest about your process, and sharing your company’s vision and mission. Video testimonials are particularly effective. Here’s an example from a Carrot member (Carrot websites provide a lot of space for adding credibility and, for that reason, are the highest-converting websites in the industry!)… Set The Tone — With the colors, words, and font you choose for your offline and online marketing materials; you’re creating a tone of voice for your brand. Maybe it’s stoic and professional. Or maybe it’s casual and fun. Or maybe it’s kind and lighthearted. Or maybe it’s hasty and irreverent. Whatever the case, beware of the tone you create… because callers will expect that same tone when speaking with you on the phone. Be Honest — One of the best ways to differentiate yourself from the competition is to be upfront and honest. Being dishonest will almost always backfire. It’s better to tell people who you help and how you can help them so that the right people dial your number in the first place. 20 Real Estate Negotiation Tips from 3 Negotiation Experts 1. Don’t Ask For a Price Right Away This first tip comes from John Martinez, the founder of REI Sales Academy. To avoid spending too much time talking to tire-kickers, many real estate investors will ask the seller for their lowest price within the first five minutes of the call. John recommends not doing that. He suggests that investors focus on price only after you’ve sold the seller on yourself and your business (more on that in the next tip). Why? First, once you’ve spoken to the seller about your process and built some trust, the number they gave you will probably change… so why use it at all? Second, hearing a seller request a high price will usually make the salesperson (you or someone on your team) feel unmotivated to continue the call. They likely won’t operate at the same level of salesmanship. So while it might sound counterintuitive, it’s best to leave the price for last. 2. Sell Them Before You Make an Offer This tip … Continued
15 Real Estate Direct Mail Tips from Experts | Find Out How to Effectively Use Direct Mail in Your Marketing Campaigns
Real estate direct mail marketing is one of the most tried and true methods for investors and agents to generate leads and find deals. Unfortunately, some mail ends up in the trash without a second look.Mailboxes have become so overcrowded that unopened envelopes get pushed to the side. × × Join Our 30 Day Authority Building Challenge: Dominate your market, build a consistent and predictable lead flow, and earn more income. Join the Challenge The average mailbox is packed with junk mail, bills, and other correspondence from various sources telling you about deals or offering their services. It can be easy for an envelope containing information on real estate opportunities to land in one corner, forgotten amongst all this noise – which means missing out on potential leads! Your only chance of sending successful direct mail is to target the right audience at the right time with the right message.How? Let’s not waste any more time. Here are 15 tips for getting the most out of your real estate direct mail campaign. Table of Contents 15 Real Estate Direct Mail Tips from Industry Experts Tip 1: Define Your Target Audience Importance of Defining Target Audience: Defining your target audience is the foundation of any successful marketing campaign, including real estate direct mail. Understanding who your ideal recipients are allows you to tailor your messaging and design to resonate with them. By targeting the right audience, you can increase the effectiveness of your direct mail efforts and maximize your return on investment. Advice on Identifying and Segmenting Target Demographics: Conducting thorough research and analysis is crucial to define your target real estate direct mail audience effectively. Start by examining your current customer base and identifying common characteristics, such as demographics (age, income, location), behaviors, and preferences. Additionally, consider the specific properties or services you offer and the unique needs of your target market. Once you understand your audience, segment them into distinct groups based on relevant criteria. This segmentation allows you to create personalized messaging and offers that speak directly to the needs and interests of each segment. Utilize data analytics tools and CRM systems to track and analyze customer interactions, preferences, and feedback, further refining your targeting strategy. By defining your target audience and segmenting them effectively, you can ensure that your real estate direct mail campaigns reach the right people with the right message, increasing the likelihood of engagement and conversion. Tip 2: Craft Compelling Messaging Creating Engaging Content for Direct Mail: In real estate direct mail, the content you deliver to your audience is paramount. Your messaging serves as the primary vehicle for communicating your value proposition, highlighting property features, and ultimately convincing recipients to take action. Engaging content captures attention, sparks interest, and drives desired behaviors, making it a critical component of any successful direct mail campaign. Tips on Writing Effective Copy and Headlines: When crafting messaging for your real estate direct mailers, it’s essential to focus on clarity, relevance, and persuasion. Here are some expert tips to help you write compelling copy and headlines: By following these expert tips and techniques, you can create compelling messaging that resonates with your audience, drives engagement, and ultimately leads to successful real estate direct mail campaigns. Tip 3: Use Eye-Catching Design The Role of Design in Direct Mail Success: In real estate direct mail, design captures recipients’ attention and conveys your message effectively. Your mailers’ visual appeal can significantly impact their effectiveness and determine whether they are opened, read, and acted upon. A well-designed direct mail piece grabs attention and communicates professionalism, credibility, and value, instilling confidence in your … Continued
EP 263: Agents & Hybrids: How to Get Better Seller Leads through Messaging & Brand-Building w/ Kiley Newbold & JT Rose – Facebook Ads Mastery Part 4
Welcome to our forth and final installment of our Facebook ads mastery series. Today, we are talking about bringing in high-quality seller leads, buyer leads, building authority with your content, messaging for hybrid agents, and what to do if your ad is disapproved. We are once again sitting down with Kiley and JT of Silverstreet Marketing, focusing more on agents and hybrid investor/agents. However, the principles discussed apply to any sort of business, even those not related to real estate.
Top 10 Real Estate Investor Websites & Services
We surveyed over 7,000 of our members to pinpoint the primary real estate investor websites and services that investors depend on in their day-to-day operations. × × Demo Carrot: How many deals are you losing to your competitor’s website? Take a Free Demo Key Takeaways Investors use a variety of websites, tools, and services to gather information and generate leads. In this article, we will analyze the top 10 real estate investor service websites in-depth. We show why these real estate investor websites are indispensable resources for individuals currently engaged in real estate investing and those contemplating entering this field. Table of Contents Carrot – Real estate websites, online marketing tools & CRM Roofstock – Single family rental investments Mashvisor – Short-term rentals data & listings Stessa – Property managemental software BatchLeads – AI-powered property seach DealMachine – News, Community & Networking BiggerPockets – Real estate investor news, community & networking SparkRental – Fractional real estate investing PropStream – Real estate information provider RealtyMogul – Real estate crowdfunding & investing Lead generation, at its best Attract, convert & close more motivated leads Try Carrot Today Top 10 Real Estate Investor Websites 1. Carrot At Carrot, we aim to enable real estate professionals with a high-performing website that acts as a Lead Generation Hub. Carrot websites are optimized for Google Core Web Vitals, page speed, and SEO best practices. But you don’t have to take our word for it. Check out these Carrot reviews… We also have data to back it up. On average, 7x higher lead to deal conversion AND $13,930.15 in EXTRA profit per deal. Leads generated through Carrot real estate investor websites experience a remarkable 7x higher conversion rate and yield 2.5x greater profitability than leads from non-Carrot sources (discover more about this here). We wholeheartedly embrace our core values, and when it comes to our members’ success, we take “Adapt, Evolve, & Always Improve” and “Add Humanity To Business” very seriously. Our commitment extends to staying ahead of factors that impact lead generation. This includes developing new lead generation templates, staying abreast of Google’s algorithm updates, and relentless testing. Our goal is to continually uncover fresh and inventive methods to enhance the performance of our members’ websites. Carrot continues to be an excellent option for real estate investors in 2024 for several compelling reasons: High-Quality Real Estate Investor Websites: Carrot provides investors with the tools to create professional and high-converting real estate websites. These websites are designed to attract motivated sellers, cash buyers, and other potential leads. The platform offers a range of customizable templates to suit various investment strategies. SEO Optimization: Search engine optimization (SEO) is crucial for online visibility. Carrot websites are SEO-optimized, helping investors rank higher on search engine results pages (SERPs) and attract organic traffic. This can significantly reduce marketing costs and increase quality lead generation. Content Marketing: Carrot offers content marketing features that enable investors to publish valuable, relevant, and engaging content on their websites. This content helps establish credibility, build trust with potential leads, and position investors as industry experts. Lead Generation Tools: The platform provides lead generation tools and lead capture forms that prompt visitors to take action. Investors can capture contact information and other relevant details from potential sellers and buyers, allowing for personalized follow-up. Conversion Optimization: Carrot is known for its focus on conversion rate optimization (CRO). The platform employs best practices and A/B testing to improve website conversion rates continually. This means more leads and potential deals for investors. Mobile Responsiveness: With an increasing number of users accessing websites via mobile devices, Carrot ensures that its websites are … Continued
Advanced Real Estate Marketing Funnel: How Big Ones Do It
A real estate marketing funnel is the system that guides visitors through your website or to your landing page. It turns visitors into leads, helps you nurture them into legitimate prospects, and eventually turns them into clients. This real estate marketing funnel post covers the basics of how to set up a marketing funnel, but the post you’re currently reading is for the advanced agent or investor who already has a business that’s growing. If you’re already generating consistent leads, closing consistent deals, how do you add that lever in your marketing, and take it up the next level? Because that’s where it gets exciting. You start to add magnitudes of results to your business by making some simple switches in your marketing. And the reason I’m saying this is because in a competitive market, like the time I’m recording this video right now, your sellers, your buyers, they have lots of options. So, if anyone is kidding themselves to think that you are the only option for your prospect net market, it’s not true. Advanced Real Estate Marketing Funnel How A House Seller Decides… The 5 stage process that all house sellers ponder as they sell their house. Does your marketing meet them at each stage and advance them to the next step… or does it leave them hanging? How do you make sure that you’re delivering the message that’s going to crack through all that marketing clutter out there? That delivers that message. It’s going to crack through that prospect so that they choose you versus the dozens of other competitors that you’re working around. How do you do that? Well, it’s by tapping into what’s already going on in your prospect’s brain. “Evergreen” Marketing One of the biggest real estate marketing resources that we oftentimes don’t use is the conversations that are going on in your prospect’s brain before they ever reach to you. This is “Evergreen” marketing approach helps control the conversation. The first thing I’d really encourage you to do is get to learn your prospect inside and out. Better than they know themselves. How do you do this? When you’re on the phone with your sellers or your buyers, ask them questions. “Hey, how did you get to my website? Where did you find out about me? Man, so why did you give me a call versus all those other direct mail … those postcards on there? What was it about me that stood out?” After you close those deals, ask them those questions and get those testimonials. But ask them the questions, not just so you get the testimonials, so you can get the data and information on how your prospects think, and I’m going to show you how to use it in your marketing. Here Are A Few Examples Of Brands Or Companies When I Google Their Name… Show Them You’re the Best Solution So, once again, you close the deal. “Hey, awesome. So, how did you find out about us? What was it about us versus the other agents or investors you were working with that kind of tipped you over the edge to have you work with us?” They’re going to say specific things, and those specific things are giving you a direct line into their brain and the way that they think. And now we can start to use those words, use those conversations, to connect with them better, to show them how you are the best solution. To make sure you’re crafting your marketing, so you’re the clear best solution. Not just the one that offered them the … Continued
Real Estate Copywriting: Generate More Leads By Starting With Your Audience
Tips from the world’s top copywriters that’ll make your real estate copywriting stand out from the masses. × × Real Estate SEO Bible: The Ultimate SEO Keywords Guide Download Now Hordes of people left and right are now bumping shoulders among you and trying to get to the same sellers — all screaming at the top of their lungs: “I can buy your house fast for cash!!!” With more options for sellers and more investors on the scene, our efforts are becoming harder. So, what do we do in this populated market where our prospects are well aware of our message? The answer is right in your market. There’s a plethora of advice on how to stand out from the masses. But in this article, I look to the copywriting giants for help. So, the following advice is taken straight from the methods and teachings of great and famous copywriters like Gary Halbert, Dan Kennedy, Gary Bencivenga, John Caples, David Ogilvy, and Robert Collier… names that have had a huge impact on today’s marketing methods and even Carrot’s own content. But first… The problem with REI marketing If you Google “direct mail real estate investors,” you’ll get a host of articles and forum advice on how to get started with direct mail (DM). But who in their right mind would read through every one of those Bigger Pocket’s articles and forum topics? I did! When I first wandered into direct mail (before I was aware of copywriting and direct response), I implemented all the advice I gathered from the forums. I even used a famous coach’s DM method exactly as he recommended. The results? After tens of thousands of dollars spent and hundreds of calls, I got ZERO deals out of it, maybe two motivated sellers. And yes, I did follow up relentlessly and yes, I did send mail for seven months. But I wasn’t alone in this. I asked many investors in my area, and I quickly learned that the volume of deals required to obtain consistent results in my area is massive, and very few are successful. What was the problem? Fast forward to today, now being a young-schooled copywriter, following the masters of the past, and putting my knowledge to the test with Carrot as a professional copywriter, I realized an important thing… the advice given by coaches/gurus and forums in Biggerpockets is completely contrary to the advice of copywriting and direct mail masters; guys like Dan Kennedy, Eugene Schwartz, Bob Bly, and Robert Collier who all devoted their lives to “sales on paper” and squeezing as much money out of every marketing dollar. Here’s the difference I found: The World’s Top Copywriters say: Real Estate investors say: Here’s the good thing about direct mail in real estate investing: you can generate $20,000 with one deal. So, a .02% response doesn’t really matter if you have the budget for massive volume while still generating a decent ROI. Here’s the bad thing about DM in real estate investing: A .02% response can get you broke fast in a crowded market where the customer is well aware of your service. If you’re advertising in a crowded market and you’re doing what everyone else is doing… then your prospects are getting the same message from multiple people. At this point… your success is determined SOLELY by luck. Let’s do better. Let’s rise above the masses by learning from the pros who devote their entire lives to what we’re talking about. Here are 5 things you can do to improve your marketing message by just looking at your audience. Table of Content Compelling Real Estate … Continued