Lead Generation 36:12:3 Power Session 2: Prospecting

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Ke l l e r W i l l i a m s U n i v e r s i t y Lead Generation 36:12:3 Power Session 2: Prospecting Mona Covey Smart Strategies to Find Business

Lead Generation 36:12:3 Acknowledgments The author(s) gratefully acknowledge the assistance of the following individuals in the creation of this course: Rick Barnes Jeff Beneke Jennifer Boyd Kurt Buehler Bizzy Blondes Martin Bouma Gene Boyer Boyd Brown Jana Caudill Steve Chader Chris Cormack Jose Del Rosario Tony DiCello Dick Dillingham Bryon Ellington Jama Fontaine Smokey Garrett Rick Geha Bob Guest Bruce Hardie Mary Harker Mary Beth Harrison Chris Heller Pat Hiban Dave Jenks Gary Keller Dianna Kokoszka Brad Korn Ron Kubek Steve Martin Brad McKissack Linda McKissack Jonathan McClenny Mike Mendoza Katie Nelms Jay Papasan Jason Parisella Brad Puffer Daryl Rogers Jeff Ryder Glenn Sanford John Schemm Russell Shaw Mary Tennant Nikki Ubaldini Larry Wall Bill Watson Mark Willis Krisstina Wise Courtney Yates Pat Zaby Notices While Keller Williams Realty, Inc. (KWRI) has taken due care in the preparation of all course materials, we do not guarantee its accuracy now or in the future. KWRI makes no warranties either expressed or implied with regard to the information, programs presented in the course, or in this manual, and reserves the right to make changes from time to time. This manual and any course it’s used as a part of may contain hypothetical exercises that are designed to help you understand how Keller Williams calculates profit sharing contributions and distributions under the MORE System, how Keller Williams determines agents compensation under the Keller Williams Compensation System, and how other aspects of a Keller Williams Market Center’s financial results are determined and evaluated. Any exercises are entirely hypothetical. They are not intended to enable you to determine how much money you are likely to make as a Keller Williams Licensee or to predict the amount or range of sales or profits your Market Center is likely to achieve. Keller Williams therefore cautions you not to assume that the results of the exercises bear any relation to the financial performance you can expect as a Keller Williams Licensee and not to consider or rely on the results of the exercises in deciding whether to invest in a Keller Williams Market Center. If any part of this notice is unclear, please contact Keller Williams’ legal department. Materials based on the Recruit-Select-Train-Manage-Motivate (RSTMM ) system and the Winning Through Selection course have been licensed to Keller Williams Realty, Inc. by Corporate Consulting. KWRI has the exclusive right within the real estate industry to market and present material from RSTMM , Winning Through Selection , and any derivatives owned by or created in cooperation with Corporate Consulting. Material excerpted from The Millionaire Real Estate Agent appears courtesy of The McGraw-Hill Companies. The Millionaire Real Estate Agent is copyright 2003–2004 Rellek Publishing Partners LTD. Copyright notice All other materials are copyright 2007 Keller Williams Realty, Inc. All rights reserved. No part of this publication and its associated materials may be reproduced or transmitted in any form or by any means without the prior permission of Keller Williams Realty, Inc. ii LEAD GENERATION 36:12:3 V1.1 2007 KELLER WILLIAMS REALTY, INC.

Preface Power Session 2: Prospecting Table of Contents INTRODUCTION .3 Ground Rules 3 How You Will Learn 4 Where You Are Today 5 Why You Are Here 6 What Will Make This a Great Training Experience 8 THE LEAD GENERATION PUZZLE .9 Two Pieces of the Lead Generation Puzzle: Prospecting and Marketing Prospecting Based, Marketing Enhanced 9 12 PROSPECTING: THE CRITICAL PUZZLE PIECE .17 Myths and Truths about Prospecting 17 Prospecting Statistics 21 Five Benefits of Prospecting 23 THREE STEPS TO PROSPECTING .29 1. Approach 29 2. Connect 31 3. Ask 34 THREE WAYS TO CONNECT.37 1. Calling 38 2. Visiting 47 3. Attending/Hosting Events 51 OVERCOMING A LIMITING MINDSET .57 Getting Comfortable with Making Contact LEAD GENERATION 36:12:3 V1.1 2007 KELLER WILLIAMS REALTY, INC. 58 iii

Lead Generation 36:12:3 DAILY ROUTINE .61 Habit of 3 Hours Daily Lead Generation 61 Allow for Growth 63 Just Do It! 64 TRACKING AND ACCOUNTABILITY .65 PUTTING IT ALL TOGETHER.67 iv Power Session Aha’s 67 Your Lead Generation Action Plan 67 The 3-Hour Habit 69 LEAD GENERATION 36:12:3 V1.1 2007 KELLER WILLIAMS REALTY, INC.

Prospecting Power Session 2: Prospecting In this Power Session [1] Introduction [2] The Lead Generation Puzzle [3] Prospecting:The Critical Puzzle Piece [4] Three Steps to Prospecting [5] Three Ways to Connect [6] Overcoming a Limiting Mindset [7] Daily Routine [8] Tracking and Accountability [9] Putting It All Together LEAD GENERATION 36:12:3 V1.1 2007 KELLER WILLIAMS REALTY, INC. 1

Power Session 2 Notes 2 LEAD GENERATION 36:12:3 V1.1 2007 KELLER WILLIAMS REALTY, INC.

Prospecting Introduction Ground Rules 1. Arrive to class on time and return promptly from breaks. 2. Move quickly when you are instructed to form small groups or partner with someone to role-play. 3. Limit your side conversations. 4. Turn your cell phones and pagers to vibrate or OFF. 5. Feel free to stand and walk around if you find yourself getting tired. 6. Accept the reality of time and participation. 7. Respect the different learning styles and opinions of others. 8. Help each other learn. None of us is as smart as all of us working together to improve our skills and knowledge. 9. Consider everything we do in class is confidential. What is discussed and role-played behind closed doors stays behind closed doors. 10. Have fun! LEAD GENERATION 36:12:3 V1.1 2007 KELLER WILLIAMS REALTY, INC. 3

Power Session 2 How You Will Learn Learning Methods 1. In this manual, you will find: Models and systems that are tested and proven ways of accomplishing Big Goals. Exercises and discussion that allow you to test new skills and clarify your thinking in a safe environment. Stories, lessons learned, anecdotes, and advice from top agents who offer invaluable insights. 2. Your classroom learning experience will be enhanced by: PowerPoint slides to help keep you on track with the topics inside the course manual. KWConnect videos to enrich your understanding of the course material. Watch for the camera icon in your course materials. Your classmates and instructor. Don’t underestimate the value of what you can learn from your peers, who ask great questions, who share their experiences, and who participate in exercises with you. Accountability Methods Accountability is, in the KW experience, the most crucial part of goal achievement. To support your goal setting, we recommend you: 1. Develop a Lead Generation Action Plan. At the end of this course, you will create a plan that outlines the specific actions you will take to achieve your lead generation goals. You will also create a calendar that helps you schedule your specific activities into your daily 3 hours of lead generation time. 2. Select an accountability partner or program to help you measure, evaluate, and make adjustments to your Action Plan. Look to the following resources for an accountability relationship: 1. Set Goals 5. Make Adjustments 2. Do the Key Activities Accountability Feedback Loop 4. Evaluate the Process 4 3. Measure Results KW MAPS Institute individual and group coaching Market Center Productivity Coach Team Leader ALC Members Peers LEAD GENERATION 36:12:3 V1.1 2007 KELLER WILLIAMS REALTY, INC.

Prospecting Where You Are Today Exercise Where are you today with your lead generation efforts? Get into the habit of taking accountability for your actions and your progress. Take time to share with your instructor and your peers your aha’s, your challenges, and your next steps. Directions: 1. List the lead generation activities you completed during the last 24 hours. 2. What were your aha’s? 3. What were your challenges? 4. Discuss what you will do differently in the next 24 hours. Time: 10 minutes 1. Lead Generation Activities: Time Spent on Activity 2. My aha’s from these activities: 3. The most difficult part of these activities: 4. What I will do differently in the next 24 hours: LEAD GENERATION 36:12:3 V1.1 2007 KELLER WILLIAMS REALTY, INC. 5

Power Session 2 Why You Are Here In this Power Session, you will continue to build on the solid foundation of understanding the importance of lead generation. In the Introduction, you gained the critical mindset of a lead generator, and now you are ready to explore strategies to seek and find new sources of leads. In Power Session 2: Prospecting, you will overcome any limiting beliefs about prospecting, and learn ways to establish meaningful business relationships with people through direct contact. You are here! 6 LEAD GENERATION 36:12:3 V1.1 2007 KELLER WILLIAMS REALTY, INC.

Prospecting One agent’s perfect day of prospecting Read, underline, and share B ill Watson of Phoenix, Arizona, has been wired for leads from first day in real estate back in 1993. To this day his routine hasn’t varied a bit. He devotes between five and seven hours a day to prospecting. This is how he describes it: “Bill Watson’s Perfect Day: From 7:00 to 8:00 a.m., I call expired and cancelled listings. From 8:00 to 9:00 a.m., I do administrative work and lead follow-up. From 9:00 to 10:00 a.m., I call for sale by owners. From 10:00 to 12:00, I knock on doors. From 12:00 to 1:00 p.m., I go to lunch. From 1:00 to 2:00, I call back expired listings and return phone calls. From 2:00 to 3:00, I door knock again. After 3:00 p.m., I go on appointments and call expired listings again. I just stay on my schedule and do that every single working day.” Phew! Are you tired just reading this? Interestingly, Bill sold 30 homes his first year in the business, in town where he knew no one—all due to his prospecting efforts. Coincidence? Surely not. Bill is motivated each day while he prospects on the phone by his visual goal board. “I have pictures of my kids; I have an amount of money I want to have in the bank; I have a picture of a Bentley, a picture of a hotel in Maui, a picture of Pebble Beach golf course, and a picture of a custom home that I want to have built for me.” With this commitment to generate leads, Bill currently averages eight transactions a month. When asked if he’ll ever change his routine, Bill is clear about his commitment, “I can’t ever stop. It’s just what I do.” LEAD GENERATION 36:12:3 V1.1 2007 KELLER WILLIAMS REALTY, INC. 7

Power Session 2 What Will Make This a Great Training Experience 8 LEAD GENERATION 36:12:3 V1.1 2007 KELLER WILLIAMS REALTY, INC.

Prospecting The Lead Generation Puzzle Now that you have a start on your personal validity and powerful positioning from Power Session 1: Building Validity & Positioning, you are ready to proceed with your lead generation activities. You will use two general approaches to lead generation—prospecting and marketing—to promote what you do relentlessly and continuously. It takes a coordinated plan of prospecting and marketing to solve the lead generation puzzle. Two Pieces of the Lead Generation Puzzle: Prospecting and Marketing “My 20 percent Truth is prospecting. Do Lead generation reguires both: Prospecting plus Marketing I stack marketing on top of that? Absolutely!” P M M Prospecting Brad Puffer The Puffer Team Asheville, North Carolina Marketing Watch the KWConnect video, Lead Generation 36:12:3, Session 4 (4:26 mins) LEAD GENERATION 36:12:3 V1.1 2007 KELLER WILLIAMS REALTY, INC. 9

Power Session 2 Prospecting Seeking leads “To get in this business, number one, you need to really be a proactive person, not a reactive person. Get the leads rather than Prospecting is all the activities that you engage in to find leads. Prospecting is the lifeblood of the real estate business and involves proactively finding people through phone and face-to-face contact. It is the most immediate and cost-effective way to build your business. Prospecting includes calling for sale by owners, expired listings, and past customers, as well as meeting people face-to-face through door-to-door canvassing and community events, for example. Prospecting is a contact sport. It’s up close and personal. We hear this over and over from our research of the top agents. It takes a personal approach; it’s about personal relationships. Jana Caudill, of Crown Point, Indiana, is one such successful agent who reminds us, “I knew that I was the one prospecting, and people were dealing with me, not my company.” Prospecting, says Jana, “is communicating directly with people, and offering valuable services. It’s picking up the telephone, sending something out, or letting the world know that you are a real estate agent and that you can help them. Some agents mistakenly think prospecting is trying to talk somebody into something, and it is not. If someone doesn’t need to sell or buy a house, they don’t need me, so I hang up and move on. But if they do need me, here I am and here is how you reach me. It’s that simple.” Marketing Attracting leads wait for them to come to you.” Brad McKissack The McKissack Realty Group Denton, Texas 10 Marketing is what drives leads to find you. Marketing attracts customers to you through the use of words, color, and design on real estate signs, advertisements, mailers, business cards, magazines, and sponsorships, for example. You can be proactive in getting your marketing designed, produced, and placed, but, for the most part, marketing is a passive, indirect, and costly approach. Marketing can, however, reach a broad audience and tell people about you even when you’re not around. When done effectively, people notice you and hopefully will remember you. LEAD GENERATION 36:12:3 V1.1 2007 KELLER WILLIAMS REALTY, INC.

Prospecting A mix of the two—prospecting and marketing—is what makes for a strong lead generation system. When applied to the two general target populations—Mets* and Haven’t Mets—your actions of prospecting and marketing enable you to better convert them to appointments and subsequently close transactions. Prospecting Marketing d plie Ap Haven’t Ap plie dt o to Turn into Mets to ed t r ve on C nd a ed t a ltiv Cu Appointments *Note: This course uses terms defined in The Millionaire Real Estate Agent. “Mets” are defined to be those people you have met, gained contact information for, and put into a contact tracking system. “Haven’t Mets” are the rest of the public that you have not yet contacted and turned into Mets. LEAD GENERATION 36:12:3 V1.1 2007 KELLER WILLIAMS REALTY, INC. 11

Power Session 2 Prospecting Based, Marketing Enhanced Our research of top-performing agents tells us that a combination of prospecting and marketing makes for the best lead generation program, and the most effective combination is prospecting based and marketing enhanced. It is critical at this point in your career to examine what it means to have a lead generation program that is prospecting based and marketing enhanced. While marketing is a highly leveraged activity (that is, one that you can do through others on a more passive or automated basis), it is also more costly and often less effective than the simple activities of personal prospecting. In fact, most new agents can’t afford to do much marketing. Nevertheless, top agents combine marketing with prospecting and get great results. “We have layered marketing on top of the prospecting,” says Brad Puffer, of the Puffer Team in Asheville, North Carolina. “That gives us additional credibility when we show up on the appointment, but it is, generally speaking, a very small fraction of what makes the phone ring. When I show up, people know who I am from the marketing, but what actually gets me the appointment is making the phone call.” A great example of combining prospecting with marketing is the “Mail-Call-See” program that Gene Rivers, of The Rivers Team, has implemented in Tallahassee, Florida. Gene begins with the “Mail” component of the program by sending out things that will hopefully create interest and pique people’s curiosity. This is the marketing component. Second, the “Call” involves a phone contact to quiz all of those who received the marketing piece to find if there is any interest and curiosity. This is phase one of prospecting. For those who do express interest, Gene moves to step three “See.” He gets in the car and drives out to visit them so he can meet them face-to-face. This is the second phase of prospecting. Gene’s “Mail-Call-See” program illustrates how complimentary prospecting and marketing are more powerful when done together. His mailing would not have been as effective without the follow-up call. Likewise, the mailing made his calls more impactful as they supplied both a reason for the call and a topic to discuss. With this one-two punch of prospecting and marketing, Gene’s visits were strategically setup for success. Brad Korn agrees that “a phone call following a mailed piece amplifies your results 10 times. A handwritten note or face-to-face visit can amplify the result by 100 times.” 12 LEAD GENERATION 36:12:3 V1.1 2007 KELLER WILLIAMS REALTY, INC.

Prospecting N ikki Ubaldini, of the Gary and Nikki Team in Clearwater, Florida, has sold more than 200 homes a year for the last six years. She believes in a balance of prospecting and marketing. “Some trainers in real estate say that all you have to do is prospect for new business—don’t call past customers or build relationships,” says Nikki. “Others say to forget prospecting and just call your friends and past customers. Still others say focus on marketing yourself. But if you are doing all three of these things, and one thing falls off, you still have two parts of your business to carry you.” As suggested in The Millionaire Real Estate Agent, even if you lead generate through marketing, you “will need a prospecting program to drive leads to your business and protect against market shifts.” How does prospecting help protect you from market shifts? Prospecting is inexpensive (even free), so it certainly fits into tight budgets, but prospecting also keeps your skills sharp and your finger on the pulse of the market. If you understand the importance of mastering and building your confidence around a few prospecting techniques, you will surely set yourself apart from the flood of agents who will be competing for the same leads during challenging market times. Lead generation is a purposeful and coordinated act of both prospecting and marketing that requires effort. The prospecting component, which is face-to-face and one-on-one contact, is critical. To have a truly strong and sustainable business, you must embrace prospecting. Get the training you need, practice it, and just do it. Think of marketing as a complement to prospecting, and don’t depend on marketing alone to drive leads to you. Both activities are integral to the lead generation puzzle. You will always want a combination of prospecting and marketing, but you will have to carefully assess when or if to tip the scales on the side of marketing based on your budget, your time, and your goals. The Emphasis is on Prospecting! Prospecting Marketing LEAD GENERATION 36:12:3 V1.1 2007 KELLER WILLIAMS REALTY, INC. 13

Power Session 2 Prospecting Reinforces Marketing Prospecting can be easier when led by marketing. Marketing can provide the reason for your call or visit, and in fact, prospecting after marketing can dramatically increase the odds of getting business. It can “warm” up a purely “cold” call. For example, after mailing an inexpensive postcard to a neighborhood announcing a home that was recently listed, you could call or visit residents and open the conversation with: AGENT: “Good day, my name is and I’m in real estate. Did you receive the postcard I sent regarding your neighbor’s home that is for sale? Do you know anyone who might be interested in this home? It would be my pleasure to provide the answer to any of your real estate questions.” Mike Ferry, noted real estate trainer, says a mailer without follow-up contact is practically a waste of postage. Marketing Supports Prospecting Marketing validates you—it creates recognition and reputation. People may see your signs or fliers before they meet you and feel like they already “know” you. Therefore, you want your marketing of yourself (your branding) to call attention to you and attract people to you. People will form impressions of you quickly, so your marketing should represent who you are and the professionalism and customer value you bring to every aspect of your business. A great example of how marketing can really work is the branding of The McKissack Team in Denton, Texas. Pictures of Jimmy and Linda McKissack featured them giving a “thumbs-up.” After a while, random strangers in the grocery store, video rental store, or doctor’s waiting room began giving them the thumbsup. It took a few times for Jimmy and Linda to connect the dots and realize their brand marketing was a success. You will learn more about all aspects of marketing in Lead Generation 36:12:3 Power Session 3: Marketing. 14 LEAD GENERATION 36:12:3 V1.1 2007 KELLER WILLIAMS REALTY, INC.

Prospecting Cost versus Time/Effort of Prospecting and Marketing “Here’s the good Cost Versus Time/Effort Cost Time/Effort Prospecting Marketing Minimal Could be unaffordable Maximum Minimal news! You don’t have to have money to talk to people. Knocking Prospecting takes more of your time and effort, but can cost little to nothing because it involves making phone calls and visiting people. Marketing, on the other hand, can reach more people in less time, but there is a cost component, which can be high depending on quality and quantity of materials, as well as how often they are distributed. Don’t fall for the myth “I don’t have the money to lead generate.” Invest your time in prospecting and lead with revenue. You can start prospecting today with a list of people and your phone. LEAD GENERATION 36:12:3 V1.1 2007 KELLER WILLIAMS REALTY, INC. on doors, making phone calls doesn’t cost anything.” Chris Heller The Heller Team Encinitas, California 15

Power Session 2 Exercise Assess Yourself: Where are you now with prospecting and marketing? Directions: Answer the following questions and fill out the grid. 1. How much time each day, week, month, or year do you devote to prospecting? 2. How much money do you spend on a daily, weekly, monthly, or yearly basis on marketing? Prospecting Versus Marketing Amount of Time Devoted to Prospecting Amount of Money spent on Marketing Daily Weekly Monthly Yearly Mins Mins Mins Mins Hrs Hrs Hrs Hrs Is your lead generation program prospecting based? Yes Time: 5 minutes (10 minutes with facilitated discussion) 16 LEAD GENERATION 36:12:3 V1.1 2007 KELLER WILLIAMS REALTY, INC. No

Prospecting Prospecting: The Critical Puzzle Piece “You can be Myths and Truths about Prospecting Hopefully, your interest is piqued and you are curious to tap into the power of prospecting. Let’s begin with some myths that may be preventing you from reaping the benefits that come from prospecting. In The Power of One, you learned a basic lead generation myth that if you do a good job, people will just come to you. Your reputation is an important foundation for your business and, certainly, some people will be attracted to you and find you because of your reputation and your marketing efforts. However, not enough will and not soon enough to build or sustain your business. This is a passive approach that may be unreliable, no matter how strong your reputation. the brightest, smartest, most well-educated real estate person there is, but if nobody calls you, it just does not matter.” Gene Rivers The Rivers Team Tallahassee, Florida LEAD GENERATION 36:12:3 V1.1 2007 KELLER WILLIAMS REALTY, INC. 17

Power Session 2 Myth 1 Prospecting Cold Calling Rejection Marketing Prospecting Meeting People and Building Purposeful Business Relationships A Strong Real Estate Business On a KWRI MAPS free coaching call on prospecting, an informal poll was taken of the 162 people on the call. The poll revealed that approximately 78 percent of them prospect less than one hour per day. One reason they gave was they didn’t know what to say. The other reason was that they see prospecting as cold calling. Most people forget that prospecting has eleven letters and, instead, treat it like a four-letter word. For many real estate agents, the mere mention of the word prospecting conjures images of sitting at a telephone and calling complete strangers for hours on end, only to face rejection, insults, and slammed receivers. With this kind of thinking, would you think that you would enjoy prospecting? Of course not. Adopt a new mindset about prospecting. See it in a new light and get excited about doing it at the highest level. Nikki Ubaldini, KWU Master Faculty Instructor, puts it best. “When I teach lead generation,” she notes, “I say that the P word, prospecting, is not a dirty word. It’s not just picking up the phone. It’s getting involved in networking groups and in volunteer situations. It’s making a point to meet people every single day.” Prospecting is more than phone calling strangers. Sure, cold calling FSBOs and expired listings can be a successful form of prospecting, but you will learn other effective ways of prospecting in upcoming Power Sessions, like holding open houses, hosting seminars, knocking on doors in a neighborhood, and visiting past customers. 18 LEAD GENERATION 36:12:3 V1.1 2007 KELLER WILLIAMS REALTY, INC.

Prospecting R ick Geha, a Master Faculty Instructor with Keller Williams University, and agent in Fremont, California, is a strong advocate for lead generation. He “gets it” and helps others through training and coaching to “get it.” He says, “We know real estate is a lead generation business. Lead generation equals prospecting equals cold calling—that’s a MYTH! Why is it a myth? Because those words are what cause people to shiver in their boots, have their knees knocking together. They say, ‘I don’t want to prospect, I don’t want to cold call!” “The truth is prospecting is more about meeting people. Seventy-two percent of all real estate transactions come from repeat or referral business, friends or family, or the referral of another real estate agent.” Follow Rick’s advice and get out there and meet people. The more the better! LEAD GENERATION 36:12:3 V1.1 2007 KELLER WILLIAMS REALTY, INC. 19

Power Session 2 Myth 2 Prospecting means contacting people you don’t know. Truth “Be like Forrest Gump. Have blind faith. Do it like you don’t know any better.” Jose Del Rosario Jose Del Rosario Group Chula Vista, California Prospecting means contacting people you know as well as those you don’t know. Most people have a limiting belief that prospecting is only about calling strangers. In fact, a prospecting component is included in all Keller Williams recommended action plans for Mets (8 x 8, and 33 Touch.) As part of each plan, and to achieve maximum results, you are expected to call and/or visit those on your action plans a certain number of times in a given period. Therefore, prospecting is a critical element in building and growing relationships with those you know—past customers, Allied Resources, and Core Advocates. Action plans and the different categories of people you know are defined in The Millionaire Real Estate Agent and are further discussed in Power Session 3: Marketing, and Power Session 4: Leveraging a Powerful Contact Database. There are many examples of very successful agents who, in the beginning, grew the number of Mets in their database to a sustainable level, and now only prospect to their Mets. For example, Dick Dillingham, a very successful agent in Plano, Texas, and Faculty Ambassador of Keller Williams University, grew his database of Mets from 300 to more than 3,000. He decided to focus only on Mets and generate business from those he already knew. In the growth phase of your career, it is recommended you build your database by prospecting to those you don’t know as well as those you already know. Watch the KWConnect video, Lead Generation 36:12:3, Session 1 (5:35 minutes long) 20 LEAD GENERATION 36:12:3 V1.1 2007 KELLER WILLIAMS REALTY, INC.

Prospecting Myth 3 Prospecting is what you do to launch your business. Only new agents to prospect. Truth Prospecting is what you do to keep your real estate business running and growing. You should never stop prospecting. You never stop prospecting because you always need new leads coming into your business. It keeps your skills sharp and your awareness of the market high. You are always looking to add people to your Met database. (Refer to Power Session 4: Leveraging a Powerful Contact Database) At the start of this course, you read about Bill Watson and his relentless, consistent prospecting—Bill Watson’s Perfect Day. You’ll recall Bill’s commitment to prospecting, “I can’t ever stop. It’s just what I do.” Prospecting Statistics According to the “2006 National Association

1. Develop a Lead Generation Action Plan. At the end of this course, you will create a plan that outlines the specifi c actions you will take to achieve your lead generation goals. You will also create a calendar that helps you schedule your specifi c activities into your daily 3 hours of lead generation time. 2.

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