Powerline
for Realtors
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Case Study: Database
Generation
Objective: Build an accurate,
responsive and targeted database of prospective clients as
economically and efficiently as possible so that the agent
can establish a drip marketing campaign and brand themselves
as the agent of choice.
Arch Subscriber: Brian
Fahey, ERA Capital Realty, Austin, TX . Brian, a relatively
new agent has risen to number one in listings and closed transactions
in his office (2001, 2002) with sales over $10 million in
only his third full year of practicing. Brian has been a subscriber
to the Powerline service since 1999.
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Strategy and Action: Brian's
goal was to become the agent of choice in a farm area of approximately
1800 homes. There were two established agents in this territory,
so he set out to brand himself by literally knocking on doors. He
soon discovered this was not a productive use of his time. He learned
about Powerline from an associate in his office and felt this
was the single best way to build a targeted and accurate database.
Brian's first started using Powerline on sign riders. In
his first week he uncovered a listing worth $650,000 who appreciated
Brian's recorded message line so much that he decided to list several
high-end investment properties using the system.
Brian used these properties as a springboard to build his database.
Every prospect that called his Powerline system, Brian is
paged with the lead so that he can react quickly. Once a week he
downloads his leads into his contact manager and then the process
takes over.
The first follow-up letter is generated the day after the prospect
calls. The system then mails a related offering three days later.
The third and fourth are spaced out by one week each.
As his database (and income) has grown Brian has strategically
aligned with other like professionals to leverage his influence
and data. These reciprocal relationships co-operatively market to
Brian's data (which he controls) and the alliance pays for the cost
of the marketing.
"Powerline identifies the warm to hot market for
me. I have a system that automatically sends them a four color self-mailer
the day after a prospect calls. I send a four step sequential mail
offering. It's really that simple. I use Powerline on my picture
ads and sign riders. My lead cost is less than one dollar including
the cost of the print ad. Then I mail them an average of four months,
about another ten dollars before they either become a client or
not. My return on investment is at least a thousand fold using this
combination."
-Brian Fahey, ERA Capital Realty
Result: In Brian's first two
years as a Realtor® he achieved his goal of branding himself
in his farm area and has become the agent of choice, outselling
his competitors three to one in his target market.
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