Chris Shepherd

The Power of Tracking

While in the process of updating my buyer and potential seller communication systems I have recently discovered an e-marketing system called Vision6.

Have you ever wished you knew how many people are opening your e-mail’s, or one better… see exactly who clicked on your links?

I used Vision6 recently to send out a price adjustment on a property, and then called every person who clicked to see ‘more information’ on the property. The response was great! Everyone knew what property I was talking about and thanked me for the call. I was touching base with people who actually cared.Marketing and strategy

I then decided to explore it a little further and consider other ways I could implement this system. Some of the uses I have already adapted include the following;

  1. Send every new registered buyer a link to ‘the buying process’ with a link down the side to ‘tips on how to prepare your home for sale’ – as this will provide an early tip as to who’s selling.
  2. Send all my database a quarterly report and again add the ‘tips on how to prepare your home for sale’ link
    In the process of allowing users to sign up to my e-newsletter automatically using the forms feature.
  3. Will offer my next vendor an improved e-brochure service which allows us to track who clicks on the ‘more info’ link. Then call anyone who did not attend the open for inspection to understand why not or possible encourage them to attend the next one or discuss similar properties coming onto the market.

If you use Vision6 or similar systems what do you use them for?

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Chris Shepherd

Local Voices – a new localised realestate.com.au social network

Yesterday, I attended a meeting with one of the reps from realestate.com.au & talked about their new site update which has taken place today.

The new site looks very impressive.

One of the major things I got out of the presentation was how the ‘Local Voices’ section will be adapted into the site and ways that I could possibly use it to help promote me as a local area expert more effectively.

The ‘Local Voices’ site is something launched by realestate.com.au to allow anyone registered to write and respond to reviews on streets and suburbs, which is then shown on the search pages of realestate.com.au.

They have also set the site up to be somewhat like a social networking site. It seems to me that this application which will be nested in the realestate.com.au search pages will quickly become popular with new buyers and potential sellers alike.

Once in the site when analysing suburbs the site displays the ‘top local experts’. This, from what I can see and was told is based on the amount of reviews and responses to a local suburb. My aim (and at this stage I have only registered my profile and explored the site) is to become the local expert within my target areas. I plan to do the following;

  • Create a professional profile on the site with contact details.
  • Create a professional suburb profile (some of you may already have these) and load it to the system.
  • Create an rss feed for my local suburb and respond to any reviews by others in a constructive way.
  • Add any person that appears to live within the suburb as a ‘friend’.

With time (and at this stage as its new it doesn’t appear it will be too difficult) I should become the top local expert for my target suburbs. This will hopefully generate leads as local sellers start to investigate their suburb prices and local agents, and are naturally attracted to what others have said about their suburb.

I’d love to hear if anyone has already started using ‘local voices’ and the way in which they are doing so.

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Chris Shepherd

The First Steps Towards Reinvention

According to ‘Breaking the Mold’ by Kevin Clancy & Robert Shulman, “It costs five times as much to find new customers as it does to retain existing ones”. Couple this with the amount ‘real estate’ and ‘real estate agents’ are discussed at dinner or around the water cooler, it makes sense that agents should be focussing more of their time and marketing efforts around improving client service to existing customers.

Providing a superior service that goes beyond our competitors will see our existing clients return and will often lead to them recommending our service to others.

But, how are we to know what specific areas of our service need to be improved?

Well, in order to improve our processes, we need to analyse how they are currently received by our market. This data will enable us to pin-point where to focus the most attention immediately and improve strategies and create a system to ensure our service is delivered easily, effectively and in a timely fashion.

What do they expect, want and what would exceed their expectations?

In order to be a successful agent we should track customers’ perceptions of our performance to discover our strengths, weakness and ensure that we are delivering beyond their expectations.

There are many ways to do this, including making it easy for customers to make a complaint or suggestion, or even conducting a mystery shopping exercise. The main method I suggest for tracking performance is via the use of a Customer Service Survey.Excellent Performance

When compiling a survey for your customers, remember to keep it short, relevant and easy to understand. More information about creating an effective survey can be found at All Business. Plus, here’s a great survey that I came across the other day ~ City of Ryde’s ‘Customer Service Survey’ .

Innovation and Implementation

Customer service surveys can provide some amazing insights into what you are doing right & what areas need to be improved upon. After receiving feedback on the quality of your work, strategies should be developed to overcome any limitations.

For instance, one of the customer surveys I did revealed that one of my customers felt that I had an impersonal approach to customers & yet prior to doing the survey I had no idea that some of my customers had felt this way about me at all. It was a bitter pill to swallow at the time, but now I’m a better agent for it.

I’m currently in the process of  implementing a system for customer relationship management so I can design a better daily approach to my workflow and communicate more effectively with my customers. I currently use Box & Dice’s BOOM, a Customer Relationship Management System. I now input every person I come into contact with into this system, and document any communication that is made. This allows me to refer to my past notes on a client and remember our last few conversations.

Another issue was my constant follow up. I discovered this was due to a lack of valuable information being provided, resulting in a negative relationship. My solution to this is a Quarterly Report, which includes facts about what’s happening within their suburb such as statistics, sold homes and more.

If you’d like a copy of this Quarterly Report please feel welcome to email me at chris.shepherd@rwfm.com.au and I’ll send you out the latest version.

Within the CRM, I have also set up specific campaign trails such as Hot, Warm or Cold seller trails so that the BOOM system reminds me of what communication I need to make, at the appropriate time.

While I encountered these two problems, there are many others and it is important to develop a solution specific to the weakness.

What to do?

Given the financial and time costs involved in getting new clients, it is important to fix our current systems and maintain a healthy relationship with our existing clients. By so doing, it is only a matter of time before lots of extra business is generated via ongoing referrasl.

Using client surveys, complaint/comment systems or even mystery shoppers can establish weak points within an agent’s current systems, which can then be enhanced for a much better customer experience. Plus, you’ll get a much better appreciation of what your clients needs & expectations really are, so you can deliver what they want and more.

Once these issues are highlighted then they simply shouldn’t be ignored by brushing them under the carpet. Find a solution and then take the necessary actions required to ensure that your customer service is implemented on an ongoing basis, you’ll very quickly generate lots of ‘raving fans’ and a fantastic reputation within your service area.

I’d be interested to hear if other agents have used Customer Service Surveys and what sort of response they’ve had? Or maybe what’s been the most enlightening question they’ve asked in their survey?

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Chris Shepherd

Do Real Estate Agents Really Know How To Market?

One of the continual topics in real estate is ‘marketing’, however do we really utilise all knowledge out there to achieve the best results? You may think of marketing only as selling and advertising, this however is just the tip of the iceberg. When marketing correctly you will be able to attract new customers by promising superior value, and keep current customers by delivering satisfaction.

What is marketing?

Philip Kotler, one of the leading marketing academics describes it as ‘a set of processes for creating, communicating, and delivering value to customers and managing customer’s relationships in ways that benefit the organisation.’ It includes market research, product development, distribution, pricing, advertisement, personal selling and online-social interaction just to name a few elements. It should be the central core of your business and shape the way you service and communicate to your clients.Effective-Real-Estate-Marketing

How does marketing help us?

As discussed in the following video, Barrack Obama conducted a very successful marketing campaign that ultimately won him the presidency.

If Barrack can become president through effective marketing, imagine the results we could affect locally.

Where to from here?

Over the coming months, I invite you to reinvent your personal marketing with me, to complement your businesses infra structure. Having just completed a course at university I am pretty excited to explore the possibilities available. I will be starting at the base, researching what my marketplace wants (through door-knocking etc a prospecting method in its self), to creating a new ‘product’ based on consumers demands and finishing with pricing, promotion & customer retention.

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