In
today’s Ask the Expert column, we spoke with Randall Standard, CEO of
Voicepad, a leading source for lead-generating mobile and Telecom
technology, and inventor of TeamPhone, who shares his insights into the
best way for an agent team to increase production.
Randall Standard: If you look at the most successful
teams in America, the one thing they all have in common is they have
systems. Just like a brokerage, to maximize profitability, teams need
systems that are centralized, automated and always available.
One area that offers a great opportunity for increased production,
especially for teams, is to focus on handling calls that originate from
the curb.
Some of the highest quality leads in the industry originate from the
front yard of a listing. These people are ready to buy a home, and when
they call, they want their call answered.
Yet we’ve found that 42 percent of all calls originating from the curb today terminate in an agent’s voicemail.
It’s not the agent’s fault. No one can be available 100 percent of the
time. But if a team has the right technology, they can identify which of
these calls are a real priority and not just another caller ID from out
of town.
Think Mobile
When buyers call from the curb, they’re standing in front of a home they either want to see or have questions about.
Teams need technology that takes advantage of information derived from
phone calls. Unlike Web leads, phone calls tell an agent who the buyers
are (often by name), their cellphone numbers, and, with the right
technology, the listings that have captured their interest.
Unfortunately, 90 percent of yard signs today give buyers just two
options: Call the broker/team phone number or an agent’s phone number.
There’s a high likelihood that neither of these phone numbers will be
answered when called (evenings and weekends), and the buyer simply moves
on down the block, calling another yard sign until somebody actually
answers the phone. This happens millions of times a year.
The real estate industry has aspired to respond quickly to missed
opportunities for years. But that’s the point. It’s much harder to
follow up on a missed opportunity than it is to actually handle an
inquiry when it arrives. Technology such as simultaneous ring and
speech-enabled listing data are now available on the phone numbers that
teams are using, and they’re relatively inexpensive and easy to
implement. It’s a lot cheaper than having a human available to handle
calls 24/7.
Imagine how your team’s production would increase if you provided every
buyer who called your yard signs with updated audio-based property info
(in multiple languages), including an automated text link to property
information that can be tracked by phone number and name.
Remember, almost all sign inquiries originate from a mobile phone. The
great opportunity for the real estate industry—which remains very
call-centric—is to leverage the information gained from phone and text
inquiries and convert them into actionable leads (i.e., phone number and
name, versus an email address).
Agent follow-up attempts are much more successful with a potential
homebuyer’s phone number (to call or text) than a Gmail address. If you
doubt this, just ask any agent.
For more information, visit www.voicepad.com.
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