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Wendy Papasan’s Agent Referral Secrets Revealed

February 16, 2024
in Real Estate
Reading Time: 2 mins read
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Wendy Papasan’s Agent Referral Secrets Revealed

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When Wendy Papasan went to her first Keller Williams Household Reunion occasion, she had an enormous aha: actual property brokers are essentially the most linked individuals on the planet. Regardless of sending 150 handwritten word playing cards to the brokers that she had met on the occasion, she acquired just one word again. This despatched Wendy on a journey to construct a system that will assist her keep in contact with brokers and produce agent referrals. 

Her strategy concerned sending easy, partaking emails that sparked responses, fostering two-way conversations. Over time, this agent-to-agent referral technique turned a serious income stream for Wendy’s crew, contributing between 25% and 40% of their enterprise. Regardless of having to pay referral charges, Wendy views them as the price of sale, emphasizing the effectiveness and effectivity of this strategy.

1. Suppose BIG and begin small.

All of us need to generate tons of recent enterprise, and in that zeal, we regularly attempt to do an excessive amount of or enable our programs to turn into too sophisticated from the beginning. Keep in mind, all nice BIG  companies begin as nice SMALL companies.

2. Begin to develop an agent database.

Many brokers have shopper databases however few have referral associate or agent databases. Begin by including a tag to your present CRM or beginning a brand new spreadsheet known as “Agent Referral Companions.” Add to this checklist persistently by assembly brokers outdoors of your market at occasions or on social media. 

3. Ship a month-to-month electronic mail.

This electronic mail serves because the core of your agent contact program. The emails typically fall into two buckets:

1.     Questions – If you wish to be in a relationship, it’s essential to talk! Ask easy questions in search of easy replies to deepen your relationships. A well timed instance that Wendy receives tons of replies from is, “What was your greatest aha from KW Household Reunion?” 

2.     Worth – Share one thing that an agent in one other market would discover invaluable or useful. Strive sharing this podcast!

4. Choose up the telephone.

Strive calling every agent in your database just a few instances a 12 months to point out that you just care! Care calls matter for agent companions similar to they do for purchasers! 

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