Most of you SHOULD NOT work with online lead generation companies. NEVER. Would you like to know the 100% truth about online real estate lead generation? I own a lead generation company, and I highly doubt you’ll ever hear anyone in my position actually try and discourage you from using their
service. I’m going to, because for the majority of agents it’s a complete and utter waste of time. There is a very specific reason why that I
will outline below. This doesn’t just go for my company, but ALL lead generation companies. Online lead generation is NOT a get rich quick scheme, or for people who need a near INSTANT return on their investment. Unfortunately, it does not work like that. Want to know the simple truth of why you are going to fail working with online buyer or seller leads? Read on…..
Most agents will fail because they are impatient. I get it, you work hard for your money and you want to see a return on your investment ASAP. Unless you start thinking of your lead generation efforts as an actual investment through, a 3-18-month investment, it’s not going to work. You will not be successful. Is that to say that none of your leads will be “right now” I want to buy a home right away or have an agent list my home this weekend? Of course not, that happens all of the time. Can you be 100% sure that is always going to be the case though? No way. Life, and internet real estate lead generation, do not work like that.
This is the reality of internet real estate lead generation: working with online buyer or seller leads is HARD WORK. You have to pick up the phone and call. Your leads may not answer the phone on the first call, or even after 10 attempts of calling or texting them. Just because they filled out a buyer registration form, or a home valuation, today doesn’t mean that they are ready right this minute to buy or sell. They may be 3 months away, 6 months away, 12 months away. It’s more than possible that they are just STARTING to think about buying or selling. However, the idea to buy or sell a home most certainly had to start at some place in time. I would say that it’s FANTASTIC for you and your business that they are starting this process on your website, so that YOU can guide them and be their trusted source right at the beginning. For the vast majority of people, buying a home is the largest investment they will ever make in their lives, while selling their home can be the most stressful. It’s not unrealistic at all to think that they will take their time, think carefully and weigh all of their options before deciding to act. You need to wait until they are READY, WILLING and ABLE. They need to be all three. We are expecting them to be ready on OUR time frame, not theirs. Because of this, most agents need to change their thinking. If they do not, they are setting themselves up for disappointment and failure.
Most agents simply give up and say online leads are junk because they don’t want to put in the time and effort to properly work and nurture these leads. The ones that do though are HIGHLY successful.
Be honest with yourself, and answer the following questions:
* Are you going keep calling your leads day after day even if they aren’t responding?
* If they do pick up the phone and say they are just curious right now and to call them back in 6 months… will you do it?
* Are you willing to put in the time and effort to consistently follow up and nurture these leads? Do you have the patience to do so?
* Do you have the funds available to purchase advertising and generate leads for more than 30 days?
* Are you prepared for the possibility that you may not get a commission check within the first 30 days?
If you answered “No” to any of those questions above, then save your money and do not attempt to work with any sort of buyer or seller lead generation company.
So how are you going to be successful working with online buyer or seller leads? There really isn’t any magic formula or secret sauce. It’s through hard work and perseverance. You have to get up every single day and keep doing the same exact thing that you did the day before. You pick up the phone, and you call. You text. You send emails. You send BombBomb videos. Then you do it again the next day. If a lead says call back in 3 months, you call back sooner and check in on them. If you do this, you WILL be successful. It works, because there are too many agents absolutely killing it and making a TON of money by using this simple formula. You spent YOUR hard-earned money to generate the leads, and those leads are worth money. Lots of money! If you put in the time and effort, and treat your leads as an investment, you will win. Now it’s up to you to decide – what type of agent are you going to be? Do you think it’s worth it to invest your time and energy for long term success? Or do you want and need instant gratification? Only you know, and only you can make that business decision. I know what your competitors are hoping you will do!Read More
I am currently at a 5 to 1 ROI (net after all commission splits and advertising costs of $10-$20 per day) after about 18 months with another PSL currently listed and a few more solid in the pipeline. I think it will wash out to close to 7 or 8 to 1 ROI. I am perfectly fine with those numbers. It is not something I would count on as my only source of business by any means but fits great in to the overall plan. If you follow up consistently (which I admit I could have been more consistent) you will succeed.
Just listed my second PSL lead generated property! Two in less than a year. 12 more PSL lead generated properties very closer to listing too. I do understand the usual turn around to list a property is 4-48 months!
Got our first listing lead from PrimeISA today! I sent over my login yesterday evening and by 6pm had our first motivated seller. Looking forward to the next one and the next one…;)
Kevin SmitsRead More
I just started PSL ISA couple of days ago and I got my first appointment today ….YIPPEEE….. $500 K price range. Sell and Buy….
Looking forward for more …. keep them coming… 🙂
Vischa SavitriRead More
It’s been 10 days for my PSL and I got my first listing appointment first week of ads. She also will buy after selling. it’s a great system and great leads. Thank you PSL team.
Sibel InanlarRead More
I just got a $470,000 listing I got off of Prime Seller leads! Our MLS average closing price is about $130,000, so this is a premium listing. The seller texted me an answer from my initial automatic text, and it all worked out.
Soooooo. Went on that 500k listing Lead appt. I got the listing but he wants to buy a million dollar home too ??????????????
I know that’s not normal but I’ve been with psl for 30 days hahah. Stoked!
Sharing so those that might be discouraged will just keep following up.
On my second week now with Prime ISA and so far they have had 6 leads contacted that are not quite ready to buy or sell at this time, but they have let us know that they are interested in meeting with you in the near future! and are interested in listing.
I have contacted three of the leads with follow-up and have booked one appt the end of the month for a $400K SELLING appt. We don’t list properties, we SELL properties.
Some of these are old leads and some are new Facebook Home Evaluation campaigns. I am currently running two campaigns and spending only $15.00 a day per campaign.
For July 3rd thru the 9th, we got 18 leads and only spent $30.00 at $5.00 per day and that was July 4th week which is vacation time.
The leads quality we market on Facebook are great since our Detailed Targeting we ONLY use Likely to Move, Homeowners then pick the cities we want and age 27 plus.
Hey Josh, hope you guys are safe over there! Just wanted to give PSL a HUGE thank you for helping close another 6 deals this last month. All leads that I thought were gone, your awesome team of ISA’s brought back to life. 2.5M in volume out of the 8.6m we did in August was a DIRECT result of PSL crew! So, nice job guys!
I’ve officially had Prime ISA for about a week now. About 200 leads that were previously marked as “dead”…. we have 7 under contract. What was TRULY amazing… they didn’t set 7 appointments… they just put the bug back in the ear of those clients.
If you are on the fence about Prime ISA, just take my word for it and sign up. It will literally be the best money you spend. The fortune is in the followup…