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Prospecting- Referrals are the Best Form of Prospecting

May 9, 2011 by Joe McAuliffe

 

When an Agent is new, the majority of their time is spent prospecting and the majority of time prospecting is spent building Trust and Confidence with your clients. After an agent has been in business for a while, the easiest and most efficient way to prospect is by maintaining a relationship with your sphere of influence, or with people that already like and trust you.

The best time to receive referrals is after:

Value has been received, and value is recognized by your clients.

When a client expresses appreciation for what you’ve done for them, or a resident in your farm area says they appreciate receiving information from you, it’s a great opportunity to ask for referrals. Instead of asking your client “if” they know of anyone who is buying or selling, why not ask them “who” they know first. This will get to give some thought to your questions. For example;

 

John, I’ve enjoyed having the opportunity to help you, and am glad it’s been helpful. Who do you know that’s thinking about moving, or that would also benefit from this service (or information)?

   The final close to the conversation should always include,

“Please don’t keep me a secret”.

For example;

John, I’m glad you’ve found my services helpful. I’m wondering if you could do me a favor. My business is like most others. It’s important that I continue to grow my business to replace my clients that move out of the area. But, I spend so much time providing the highest level of service to my clients like you, that I don’t have much time left to promote my services to other people. If you happen to know of anyone that;

has a real estate need

is thinking about moving

or, could benefit from my services

 

Please don’t keep me a secret.

Filed Under: Cup O' Joe, Prospecting

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Managing Partner, is one of the top business consulting professionals in Florida. He has worked with Fortune Magazine, Oracle, Network Solutions, Computer Associates, and Lawyers.com. Some of MET’s current clients include Christie’s & Illustrated Properties, Coldwell Banker, Merrill Lynch, Smith Barney and Sotheby’s.
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