image_pdfimage_print

Social media sites like LinkedIn and Facebook can be a great prospecting tool but extended overuse can lead to limited results. You can’t sell real estate sitting in front of the computer. But you can make connections and build the relationships with people online which can replace some (not all) live contact. These networking websites can allow you quickly to qualify connections and determine if they are someone who you want to be associated with.

Anytime you find yourself sitting in front of the computer an are about to engage ask, “Am I using this for business or pleasure?” Also, every person in your database should be asked whether they use social media. If 60-100% of your clients and prospects are not using social networking then don’t use it. This communication may not be practical for everyone. Just because someone else is working one way why would you?

Two Purposes of Social Media in Real Estate

  • Prospecting
  • Renewing referrals

Prospecting

I see some people connecting with as many people as they possibly can.  The more people you have in your network the more people you have to manage.  Add only those who would be considered decision makers or would refer you business.  The rest ignore.  There are several ways to add people to your network and some are faster than others.  Uploading databases, RSS readers, and outsourcing are just a few but require some intermediate to advance technology skills.  Know the why, not the how, and have someone build your list of identified connections.

Save time and money
Prospecting Pays Off

If you find complete strangers on LinkedIn that match the position of the person you want to find i.e, relocation director, builder, banker, appraiser, etc., you will want to add a personal message to your connection request.

Facebook may be a little tougher to qualify since most people do not make their profile public until the friend request has been completed.  This will require an extra step

Ask these qualifying questions to those who you want to connect with or have asked you to join their network:

  1. How many people are you connected with using this social media site?
  2. How many real estate professionals are you connected with in your online network?
  3. If we were to connect how would you seeing us doing business together?
  4. Thanks for adding me but for some reason I don’t remember how we know one another…  can you please tell me how we  know each other?
  5. What is your preferred method of communication:  phone, mail, fax, email or social media?

Renewing referrals

People do business with those who they know, like and trust.  Most people would do business with the same person who represented them  but many agents do not follow up with their clients during the transaction life cycle.  One way, (not the only way) is to keep in touch using social media sites.  If you make contact with each person in your database 36 times (Example 12 mail, 12 email, 6 phone calls, 2 yearly gifts and 4 social media personal messages) and you did a good job the client will use you again.

Scheduling your Social Media Prospecting

Create a recurring appointment in your Microsoft Outlook or calendar software to allocate a few hours a week to qualify connections, sending messages, and ask for referrals.  Use social media message templates and batch sent messages together to save time.

appointmenttime

Wrapping up

Social media is not a replacement of live interaction.

Use it only if your prospects are using it.

Ask qualifying questions to new connections.

Schedule your social media prospecting time and stick to it.

The rest is personal.

dougdevitre

Organizations bring in Doug Devitre when they want to dramatically improve marketing, productivity, and sales performance with the latest technology. He is changing the way consultants consult, coaches coach, and trainers train professionals with his creative approach to using technology focused on business outcomes. The University of Missouri-Columbia Business School Entrepreneur of the Year, National Association of Realtors Business Specialties Hall of Fame Educator, and Certified Speaking Professional of the National Speakers Association brings a power-packed, innovative punch to managing organizational change outlined in his latest book Screen to Screen Selling™ : How to Increase Sales, Productivity, and the Customer Experience With the Latest Technology. Now Doug is focused on creating thought leadership on how businesses can use the Amazon Alexa platform to reduce operational costs and improve workplace productivity.

View all posts

Getting Our Emails?

BOOK DOUG NOW

csp logo

Buy a Copy Now

Screen to Screen Selling Logo

Take the Assessment

Take the Screen to Screen Selling™ Assessment

Schedule a Meeting

Doug’s Speaking Topics

Download 2021 Catalog

Voice Marketing for Business Podcast