While every broker understands how important technology is to an increasingly younger home buying audience, managing the selection and use of technology in your brokerage can be a challenge to say the least. With real estate software vendors, advertising agencies, mobile apps, and website technology issues all competing for your time, it can be difficult to get traction on technology initiatives, or even know where to turn for reliable, impartial advice as to what to use, and how to use it.
Technology Management Is A Process Often, it feels like there’s a new piece of tech or some hot new real estate marketing strategy coming out every day and brokers are trying to make sense of it all as they consider juggling their technology investments. What brokers must consider is that understanding and managing issues around technology does not require an engineering degree, but it does require a process. A process that can happen regularly, does not take a lot of time, and leverages resources that are truly experts in real estate technology. The experts at Weichert recommend that you look at your brokerage’s technology on a regular basis. Look at your technology investments from a few different perspectives:
If the selection and use of technology to support your processes is too often the thorn in your side or you feel like you can’t keep up, affiliation with one of the larger real estate brands can be a tremendous resource in this area. They take that burden off your plate, freeing you up to focus on other things related to running your brokerage. Weichert, for example, is continuously improving existing technology and evaluating new ones to ensure it’s using and providing the most efficient and effective techniques for managing real estate business. Affiliates are given access to these technology tools, such as our online marketing resource center, paperless transaction management system and our WeichertPRO CRM tool. Developing A Productive, Successful Relationship with Tech As a broker, you’re a relationship builder. So, it’s key to build a “relationship” with the technology you use and your process for evaluating it. The brokerage that makes effective use of technology is one that will develop into a real force to be reckoned with now and in the future. A brokerage with well-integrated technology will have a more efficient workflow, smarter online real estate marketing tools, and timely, consistent follow-up. Furthermore using effective, up-to-date technology can lead to higher agent retention, better productivity, and more efficient team dynamics. And who doesn’t want that? Real estate is ultimately a face-to-face industry and Weichert firmly believes that technology will never replace a handshake – but we also understand how the real estate industry is changing – and we want to deliver the best of both worlds in order to help build stronger, more effective brokerages. If you share this vision, get in touch with us today at https://www.weichertfranchise.com and let our team show you some technology solutions that can help take your brokerage to the next level. Original content posted on https://www.weichertfranchise.com/online-real-estate-marketing/managing-technology-brokerage/
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Real estate is both a rewarding and challenging profession. Associates are constantly learning and are highly knowledgeable about local community issues and the national economy. While every transaction is unique, helping people achieve their dream of homeownership is a gratifying experience that never gets old. The passion your agents have for the real estate industry is why many home buyers and sellers choose your company over your competitors. Just like a high-performance engine needs an occasional tune-up to continue performing at optimal level, your agents also need some regular coaching and encouragement from you to stay motivated and achieve the best results for your brokerage.
Get To Know Your Agents As a successful broker, you probably have a team of agents with diverse personalities. While a pep talk during an office meeting may fuel the enthusiasm of some agents for weeks, others respond to a one-on-one conversation with you about their individual business plans and revenue-based goals. You or your manager should regularly schedule a time to meet with each of your agents personally to discuss their current clients and transactions that are in progress. This also provides the management team an opportunity to learn more about them and their lifestyle. Understanding your agents helps know how to best to motivate each one of them and lend your experience where needed on deals that are in progress. Acknowledge Their Strengths and Accomplishments Recognition is one of the most effective methods of motivating your team. Everyone wants to be appreciated and respected, especially younger, or new to the industry agents. These agents in particular will need encouragement as they exrealerience the normal initial disappointments and setbacks of the selling process. Let them know you recognize that they have the potential to be exceptional real estate agents, while gently coaching them toward best practices. Make a big deal of their first sale, and let them know they have a safe, professional home within your brokerage. It is also important to let your experienced top producers know how much you appreciate them. Reliable agents who always do well can too easily be taken for granted. Allow them to mentor junior agents, as a sign of how much you respect their abilities. Maintain a Great Work Environment – Every Day. Motivating agents is not something that you can write on your to-do list and achieve in one day. Agents have different temperaments and they have good days and bad days. Brokers should strive to maintain a positive company culture that fosters agents’ creativity, teamwork, and passion for their profession. At Weichert, we have seen that the workplace culture of a brokerage often reflects a brokers’ personality. When thinking about motivating agents, be sure to take some time each day to remind yourself why you started a real estate brokerage and acknowledge that you have accomplished a lot of great things. Part of motivating agents is taking care that you are also motivated and feel good about the job you are doing, and the positive difference you are making in the lives of your agents, and the lives of your clients. At Weichert, we know a few things about building motivated real estate team. We know that Realtors working together can accomplish great things. Our real estate franchise system is created by brokers, for brokers. For information on the benefits of partnering with Weichert, visit https://www.weichertfranchise.com/ . Original content posted on https://www.weichertfranchise.com/real-estate-coaching/lighting-fire-keep-real-estate-agents-motivated/ The leads generated for your company and your agents are one of your most valuable assets. Anytime a prospect moves on to another brokerage or doesn’t close because your agents did not actively nurture them and convert them to clients, you are losing potential revenue that could have come into your brokerage and your team. A real estate Customer Relationship Management tool (CRM) is designed to help solve this problem. The best real estate CRM tools provide sophisticated contact management and automated communication. These systems help experienced agents manage their past clients and referrals and help new agents who are cultivating prospects and trying to grow their business. There are a lot of real estate CRM’s to choose from. You need a powerful system that is user-friendly and will help your agents advance your business.
Benefits of Real Estate CRMs The ideal CRM saves time and functions as an automated personal assistant. It should provide agents with notifications from clients and prospects along with reminders, calendar alerts, and insightful data about clients all in one easy-to-use platform. Agents should also be able to tell if there are any buyers seeking information and take steps to ensure they receive that information in a timely fashion. It must be complex enough to manage all the nuances of real estate sales and marketing, but do so in a way that simplifies the agent’s workday. Better CRMs will also have a comprehensive system for managing the contacts made at open houses. Beyond just contact information, these systems will contain fields for searchable notes, scoring of lead potential and urgency, and be able to use leads to create scaled marketing campaigns. These systems keep agents front of mind and work to show prospects your listings to keep their pipeline filled, while they focus on closing the deals at hand. Other important features of modern Real Estate CRMs include:
Final Thoughts on Using a Good CRM in Your Brokerage Sometimes the most valuable clients start as just an email address of someone seeking more information. Every contact can be valuable and it is not always clear initially which are serious buyers and which leads are going nowhere. An effective CRM allows agents to view all prospect data and easily identify the stage of the buying process for each person. It prevents enthusiastic agents from burning themselves out chasing dead ends and provides both agents and their brokers with insights that can help them close more sales. If you and your agents are not already using one, take a look at the many options available and see what’s right for your business. At Weichert, we were fortunate enough to be able to invest in our own CRM technology to ensure it had all the functionality we needed and support our real estate business model. Long-term success in real estate requires constant improvement. If you’re looking for solutions to build your business, partnering with Weichert with all its resources may be what you need. We provide proven systems, expert advice, and coaching that benefit you, your agents and your brokerage. Contact https://www.weichertfranchise.com today for more information. Original content posted on https://www.weichertfranchise.com/blog/real-estate-crms-must-tool-brokerage/ Blogging – It’s something that it seems like everyone does now. You’ve probably already heard that you should be doing it and maybe you even have a twinge of guilt that you’re not or not doing it enough.
So, what is it all about? And how exactly does it help you market your brokerage? What is Blogging? Simply put, this is publishing a series of short articles on a website. It’s a bit like an online chronicle of interesting subject matter or stories related to real estate in general. You can publish images and video along with your stories too and they can be viewed by anyone on the internet. While it’s often used by people sharing their hobbies and interests, the fact is that blogging is one of the best, low-cost marketing tools available for promoting the visibility of a brokerage in their local market. Why Blogging is One of the Best Online Real Estate Marketing Strategies When you do it right, or even mostly right, the regular production of content on your website can produce additional visibility for your brokerage. And with over 90% of homeowners looking online for information during their home search, the right blog content can help get you in front of clients. With a good blog, you’re also able to:
Blogging Is A Key Part Of Online Real Estate Marketing Some people hate to write, some people love it. To begin blogging you don’t have to take this on yourself. You can find an associate on your team who loves writing. Or have it be a round robin responsibility within the brokerage. However you do it, it is important to establish a plan and do it consistently to reap the benefits of real estate blogging. What should you write about? Anything a consumer might find valuable, whether it’s a real estate topic or simply tips and advice for homeowners. If you are a growth-minded broker looking for Online Real Estate Marketing Strategies and other ways to make your brokerage more productive and get to the next level of results, talk to the Weichert franchise team today and visit https://www.weichertfranchise.com. Original content posted on https://www.weichertfranchise.com/blog/blogging-brokers-jump-bandwagon/ You may have heard about the growing importance of video in marketing and social media these days. If you haven’t hopped on the bandwagon yet, it’s not too late to incorporate it into your marketing strategy for your brokerage or your agents. Here are a few ideas to help you use these marketing tools more effectively.
Still Not Convinced? Take a Look at These Statistics Video has a strong impact on retail sales and conversion numbers, but does this really apply to real estate? In one word: Yes. Recent surveys by Google and the National Association of Realtors have shown that in the USA:
And yet only 15% of real estate agents are actively using video to market listings! Video is just one of the many real estate agent marketing tools out there. It can be tough to keep up with the best tools and techniques and how to use them. You can easily spend a lot of time chasing down and researching this for your brokerage and your agents. When you join a franchise like Weichert, you benefit from our team’s broad-reaching resources and knowledge as well the guidance, coaching, access to training and vendors who can help. That means more time for you to spend growing your business. Want to hear more? Check out our Weichert Franchise Video’s! For more information visit www.weichertfranchise.com. Original content posted on https://www.weichertfranchise.com/blog/importance-video-email-social-media-communications/ Online real estate marketing is a must-have for any brokerage that is focused on growth, success and brand development in 2017– but that’s not all it can do. It is also one of the most cost effective ways for reducing your brokerage’s marketing costs. Here’s how:
Online Real Estate Marketing Saves Money – And Increases Sales Simply put, no marketing medium has the reach and affordability of online marketing. Easy to use, practical and with a reach that puts your real estate brokerage in touch with hundreds of potential property buyers, the right online marketing strategy, tools and training can deliver exceptional results for your business. At Weichert, real estate specialists offer a franchising system developed by brokers and real estate agents, for brokers and real estate agents. It gives our affiliated real estate brokers access to essential resources for growing their business successfully, including expert real estate coaching, our real estate agent-specific CRM system, and industry-specific marketing and management tools. For more information, please contact us today at https://www.weichertfranchise.com/ and see if a Weichert Franchise is a fit for your brokerage. Original content posted on https://www.weichertfranchise.com/real-estate-marketing-tools/taking-real-estate-brokerage-online-can-save-money/ |
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