Referrals Fees vs Advertising | Which is a better spend?
Posted in Real Estate Bloggers By Riel Roussopoulos, Sunday, May 3, 2009.Just curious what agents think is a better spend (or what would you rather... pay for advertising? or pay referral fees for business closed?)
If you could take a second to answer the survey here, it's just 5 questions and there is a little thank you bonus at the end for taking the time.
http://rem20.com/blogs/internet_marketing/2009/5/03/commissions-vs-refer...
Your input is appreciated.
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Submitted by Danny C. Flucke Jr. on June 4, 2009 - 4:19pm.
This is the basic choice we all have to make.
We built our business and continue to grow in a challenging market due to one fact:
You will spend as much time, effort, and money to reach one qualified retail client - As you will to reach one qualified affiliate professional who alredy has 1,000 clients.
Think about who talks to your best clients first - Before you ever get the chance to talk with them.
Establish a solid network of "those" professionals and you will never have to search for a client again....
Work hard and ride safe, Danny
Danny C. Flucke Jr.
Senior Partner
Nationwide Mortgage Experts, LLC
www.NaMoEx.com
Submitted by Rich Johnson on June 4, 2009 - 4:50pm.
There can be no better lead than that from a satisfied client, vendor or another agent. A 25% referral fee to an agent is a small price to pay.
Rich Johnson
360-319-3267
http://www.johnsonteamrealestate.com
http://www.johnsonteamrealestate.com/blog/
Submitted by Dawn Thomas on June 4, 2009 - 4:55pm.
I agree with Rich Johnson 100%. 25% of my business comes from out-of-town Realtors. I would rather have 75% of something than zero of nothing. Plus, the referrals that I get from other agents come with their endorsement of me--it's a warm to hot lead where advertising is extremely cold. Your face is in a sea of hundreds of other Realtors in the ocean. I LOVE REFERRALS AND AM HAPPY TO PAY 25% for anyone's referrals to the Silicon Valley!
Warmest regards,
Dawn L. Thomas, Broker Associate
Intero Real Estate Services
877-901-2121
http://www.TheDawnThomasTeam.com
Submitted by Rich Johnson on June 4, 2009 - 5:11pm.
Dawn,
If you ever have anyone coming to Western Washington, give me a shout. I'd love to pay you a referral fee. By the way if you are ever in town, our office & facility will be at your complete disposal.
Rich Johnson
360-319-3267
http://www.johnsonteamrealestate.com
http://www.johnsonteamrealestate.com/blog/
Submitted by PAM HARDWICK on June 4, 2009 - 7:59pm.
No wiser words have even been typed. Let the referrals begin!!! I'm in the Dallas Fort Worth area.
Submitted by Christi Borden, CIPS, ABR, GRI on June 5, 2009 - 5:38am.
I am very involved in my local and state association and tend to get referrals from other cities and other brokerages, not just through Prudential. I love it when an agent outside our area has heard of me or met me and thought enough of me to entrust their clients to me. This client comes with expectations that must be met but also, the trust factor is already established - something that may never develop with a cold call or a customer that is developed through advertising. Believe me, when your client trusts your integrity and expertise, it is easier to guide them through the transaction and help them make the best decisions toward fulfilling their real estate dreams.
If you have someone moving to or from the West Houston suburb of Katy, Sugar Land or Richmond, I would love to help them. Please visit my site to learn more about our area and my worth ethic. And yes, I happily pay a referral for the business.
Your Katy, TX Realtor,
Christi Borden, CIPS, GRI, ABR
Prudential Gary Greene, Realtors
Email: Christi@ChristiBorden.com
Web: www.ChristiBorden.com
Cell: 832-372-7470
Submitted by Pasadena Real Estate Agent on June 5, 2009 - 11:20am.
I live and work in the Los Angeles - Pasadena area so if any one of you know anyone making a move to los angeles I am definitely the man for the job!
I am very young and energetic and been at it for 20 years :)
Regards,
The Manzo Team
RE/MAX Tri-City
Remax Pasadena
626 296-2900
Pasadena Real Estate For Sale | Pasadena homes for sale |