There are only so many sources for prospects in our business. With 20% of agents doing 80% of the business, it warrants the question: Where do the top producer's get their business?
There is no simple answer. It may depend on how many years they have been in real estate. But then again, I have seen new agents run circles around "experienced" agents.
The largest current pools for leads are SOI (Sphere of Influence): People you know and their referrals, and SEO (Search Engine Optimization) : Internet leads generated by your website, lead sources, blogging, and social networking.
While there is a third category of lead sources: Expired Listings, Farming, FSBO'S and cold calling, ect. - for this article I am not addressing those.
There are a few "Master's" at the art of SOI. The two I am most aware of are: Larry Kendall's philosophy and training on Ninja Selling. ( www.ninjaselling.com ) which highlights several systems for all aspects of real estate, especially keeping in touch with your sphere. They do retreats at there agency n Fort Collins, CO. which I personally attended and highly recommend. The second is Jennifer Allen " Sell with Soul" who can be found right here on Active Rain. She does a great job of writing about new and creative ways to keep in touch! Both of these are worth looking into! As far as mastering SEO, the list is long. I see on Active Rain many who claim nearly 100% of their business from the Internet.
Now, back to the title: "When SOI and SEO collide". What do I mean by this?...
Where I find they collide, is that there is only so much time in the day. And there is only so much money to budget for prospecting.How do we decide, as real estate professionals- how to spend our time, money and resources? Each of these can be very costly on both time and money.
I feel the best thing to do, is to truly evaluate not only what has worked for you in the past, but what you enjoy.
Take 3 highlighters, yellow, pink and blue. Get the entire list of EVERY transaction you have ever done. Now highlight all of the SOI in yellow, INTERNET closings in blue, and all others in blue. Make three columns and place each name under a column:
SPHERE INTERNET OTHER
Study this list very carefully. Make budget decisions accordingly. Be intentional about how you spend your time, energy and resources.
For me, I am clearly a half and half gal at this point in my career. I have a clear plan for both SOI AND SEO. It does require some juggling, but it works for me. I think both are critical, and I am not willing to let go of either.
I have had incredible experiences with people I know, like and trust- and some very difficult ones. I have met strangers who found me online that I now call dear friends. I particularly love helping people relocate to Spokane Wa. that find my website or blog. Some have not worked out very well, that is true. But I learn as I go, and unless something changes in my world, I will continue forward on both spectrum's.
It is a balancing act for sure, but as a mother of five, I am a master at multi tasking and plate spinning.
BethAnn Long ~ Spokane Realtor- Coldwell Banker Tomlinson South Inc.
509-362-4607
...there's no place like your home!

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