Real Estate Social Networking For Leads and Transactions
Social networking is allowing real estate professionals to further develop one of the most popular forms of business in real estate: referrals. Referrals are the life blood of real estate professionals across the country and with the tools and applications that are now provided online agents can extend their referral network to generate closed transactions monthly.
In order to get these closed transactions from social networking there are many different aspects to consider from which network to join, the features to use on that network, and even the daily activities that will lead to success. Developing a strong network that is rich with referrals takes much more than asking for business because if that is all you do, your network will quickly runaway from the sales pitch!
Consider the following methods for generating leads and transactions from your social network.
1. Add Value — People want to connect with people who add value to their lives. You have much more than just your real estate skills to offer and sharing those other skills with people in your network will increase their loyalty and bring others into your network. These skills can be anything your passionate about from gardening to a hobby. Sharing these other aspects of your personality will help people to realize that besides a real estate professional, you are a person too!
2. Be Active —Real Estate Social networking does not mean you set up a profile and then wait for the business to roll in. Being active with social networking means performing specific activities that add value and grow your network. There are many activities that you can take part in from commenting on status updates, writing direct messages, and even creating events. These activities don’t have to take long; in fact, some of the most powerful networkers online can get their tasks done in just 15 minutes a day.
3. Set Goals — It’s certainly hard to get somewhere if you don’t plan a destination! Social networking, like any business activity, requires setting goals if you want to get transactions from your efforts. Your goals in social networking can range from the number of people you add to your network to the number of transactions you would like achieve. One of the easiest ways to hit your goals is to share what you are trying to do with your network! This means you could let people know “My goal is to help 5 people in the next month achieve their goal of home ownership, how can I help you with your goals?”. It’s important to offer to help people achieve their goals as well, otherwise you are merely using people and that doesn’t meet rule number 1 (Add Value).
Regardless of which social network you choose to pursue, when you focus on adding value, being active, and reaching for your goals you will be able to consistently generate leads and closed transactions. As you continue to dive in with real estate social networking with your referral network, take time to consider your activities before you even set up your first account and you will achieve success from day one. To your success.
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