TWIM The 5 “Ps” of Leveraging Open Houses into Leads | This Week in Marketing
Nov 20, 2023
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Learn the 5 powerful steps to turn Open Houses into leads with a strategic mindset. Procure, promote, prep, perform, and persist for real estate success. Maximize promotion through various channels and engage neighbors for brand visibility. Capture leads early, handle pushback, and follow up effectively to convert leads into clients.
Consistent promotion is crucial for establishing credibility and attracting future leads through open houses.
Building a strong network and implementing effective follow-up strategies are key to maximizing lead conversion post-open house events.
Deep dives
Procuring Open Houses and Consistent Effort
Procuring open houses involves leveraging your network, team members, and even out-of-area listing agents to find opportunities. The key is to be resourceful and consistent in your efforts, creating a system to consistently find open houses. Starting early in the week allows for better promotion and ensures a wider reach for potential leads. Consistency is emphasized over short bursts of effort, highlighting the importance of a continuous search for open house opportunities.
Promoting Open Houses and Maintaining Consistency
Promoting open houses involves driving traffic and creating awareness not only for the current event but also for your overall market activity. Using branded directional signs, social media content, and engaging neighbors are essential methods to attract buyers and sellers. Consistent promotion, even for less promising events, establishes credibility and fosters a positive reputation that can lead to future opportunities.
Preparing, Performing, and Pursuing Relationships
Preparing for open houses includes running comps, talking to lenders for financing options, and having a pre-flight checklist to ensure a successful event. Performing at the open house involves arriving early, setting the right ambiance with music, and effectively registering attendees to capture leads. Pursuing relationships post-open house is crucial, with a focus on strong follow-up strategies like collecting feedback and consistent communication to maximize lead conversion and long-term relationships.
There’s an art to leveraging Open Houses into leads. Or should I say, there’s a proven step-by-step process.
But before any of that, there’s a mindset issue to address with Open Houses. Some agents will fail to get a buyer and then write the entire thing off as a waste of time, but that’s a big mistake. Your top priority is to turn that Open House into leads – ones that will continue to multiply in the future.
In this episode of This Week in Marketing, Jason Pantana shows you the five steps of properly leveraging Open Houses into leads – and yes, they all start with “P.”
If you’re not hosting Open Houses or know you could be hosting more, this is an episode that’s going to get you into action. Watch or listen now!
In this episode, Jason discusses…
0:00 – Turning Open Houses into leads
2:10 – Step 1: Procure
4:10 – Step 2: Promote
10:24 – Step 3: Prep
11:38 – Step 4: Perform
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