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The Best Strategies to Get More Real Estate Listings - Part 1 | #TomFerryShow - YouTube
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- Hey, today we're going
through the first of four
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different listing attraction systems,
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so you can be totally
dominant in your marketplace.
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(rock music)
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Hey, welcome to the Tom Ferry Show.
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Super excited to share with you guys today
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a four part series where I'm
going to walk you through
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16, there we go, 16 different
listing attraction strategies.
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We've shared 33 of them
recently at the success summit,
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and here's what's great.
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I've identified four for this week,
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and I'll do four each week,
giving you an opportunity
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to become more listing dominant.
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What do we know, right?
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It's cliche, we've all heard it before,
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but you gotta list to last.
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I would actually take it one step further,
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and tell you that whoever is dominant
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at listing property is in control.
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The business has control of their time,
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and more importantly with the wide variety
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of marketing tactics I'm
going to share with you
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over the next four weeks.
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You're also going to be able to say,
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I want to market to this price point,
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or to this area, or all
these different sources,
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giving you a plethora,
yes, first time used
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on the Tom Ferry Show, of opportunity,
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so you can win more business.
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Now very quickly if
you go to TomFerry.com,
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if you're not already there, on my blog,
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you're going to see all these
different marketing samples,
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right, all the things
that we're discussing,
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all the things I've got here on paper.
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You're going to have
access to to download,
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so you don't have to reinvent the wheel.
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And by the way, while you're there,
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I would strongly recommend you take
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the listing attraction
test, which is a little pdf
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we have for you,
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where you can go through
and say here's the
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12 different sources that
Tom's clients are using
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around the world, how am I
doing in each one of them?
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What are my goals?
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And then what are the
actions I want to take?
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You're going to find
it extremely valuable.
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So make sure you get back to TomFerry.com
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and download all of that stuff.
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So let's begin with four.
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I've got two online, two offline,
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two old school, two new school,
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to help you immediately
start winning more listings.
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The first one is this, if you're
living in the United States
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over the last five years
we've had a 50% appreciation,
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50% increase in home values on average
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over the last five years.
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So what should you do?
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You should go back and
identify every one of your
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past clients, and quite honestly,
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every one in your sphere that owns a home.
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And what do we want to do?
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We want to divide up the list.
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Let's just say it's you know, 50,
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you don't want to do 50 in one week
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because that would be overwhelming.
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That would be a project that
would take you a ton of time.
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I'm actually thinking
about two a day, you know,
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so over the course of x
weeks, I'm going to do
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two a day and here's the plan.
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You ready?
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We're going to build
for them a beautiful CMA
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to let them know the value of their home.
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That's the first part.
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You're going to do as if you were going on
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a listing presentation, so you know,
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doll it up, make it fantastic.
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Make it beautiful.
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Show photos, show graphs.
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Show them what's happened to home prices
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in their area over the last five years,
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two years, three years,
whenever they bought the home.
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You're educating your
customer on the good decision
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they made to buy that property.
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Now in addition, as we're
sending out those two pieces
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every day, we want to add
a little note right here,
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where it says name,
you've done really well.
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I'm curious have you had any thoughts
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of trading up or trading down?
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Let's talk in the next week.
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And by adding that
little yellow sticky note
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right on top of the CMA,
it's better than just
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putting it in the mail and
saying here's the information,
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here's what's going on.
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You're letting them know, I'm
thinking about you personally.
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I'm thinking about you personally.
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So what are we going to do?
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We're going to do that beautiful CMA.
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We're going to add that
little sticky note.
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And then we're going to follow up.
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We're going to make some phone calls.
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And when we make those phone calls,
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you know, it's hey Shawn,
I was thinking about you.
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I was thinking about your house.
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I was, you know, so
excited for the increase
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in value you've had over
the last three years,
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since you guys purchased the property.
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Are you guys excited about it?
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And you saw my note, have you guys had
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any thoughts of selling?
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You know trading up, trading down.
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Just engage them in that conversation.
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Now remember, because
we've taught this script
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many times before on the Tom Ferry Show,
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when you ask that question, have you had
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any thoughts of selling?
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Pause, pause, right.
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Don't jump into it.
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Don't say more.
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Because home prices and
this is what's going on
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in the market.
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Just shut up and listen.
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And by the way when they go, uhhhh,
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that means yes.
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Right, that uh, well,
like they're not sure
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if they want to share it.
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If you get an emphatic
no, you can always say,
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well are you living in
your dream home now?
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Well no, we probably need
to redo the backyard.
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We need to do this.
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And they're going to share with you,
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you're engaging with a past client,
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someone in your sphere, on something
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that is meaningful to them,
the value of their home,
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and the difference you've made for them.
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So that's campaign number one.
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Now I promise you, when
you just start to send
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every person that you
know who bought a house
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in the last five years, an updated CMA,
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that personal note, you're
following up with a phone call,
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you're engaging with the right questions,
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we're not expecting that every one of them
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is going to say, hey
that's it, I want to sell.
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But what do we know, people get divorced.
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Kids move away to college.
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They get pregnant, they get job transfers.
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They get promotions.
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Things change all the time.
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You know and I know, every
agent watching knows,
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you sold somebody their dream house,
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and eight months later
they had to sell it.
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It happens.
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Let's get ahead of the curve.
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So that's strategy number one.
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Strategy number two, and this went bananas
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during the summit.
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I just loved seeing everybody doing this
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on their Instagram.
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It's that Instagram hack I shared probably
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seven or eight months ago with you
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where you're actually going
to do on your Instagram story
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a couple polls.
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So here's the first one.
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It's going to say, are you
living in your dream home now?
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Yes or no.
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That little polling device on Instagram.
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And here's what's great,
the vast majority of people
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are going to go no, no, no, no, no.
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And a few will say yes.
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And then the next one
shows up where it says,
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have you had any thoughts
of selling in 2018 or 2019.
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Now again, yes, no.
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Obviously you're going to
get a whole bunch of no's
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on the first one.
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You're going to get a
few no's on the next one,
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and what are those?
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Those are listing leads my friends
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for free on your Instagram.
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Now this one's so good
you don't want to do it
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like every month, you
probably want to do it
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maybe twice a year, right.
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Especially as you're
growing your Instagram base.
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But here's the kicker.
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Once you get those yeses and no's,
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then you want to send them
all private DM, right,
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on Instagram.
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Hey Shawn, thanks so much.
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Hey Mintz, thanks so much
for acknowledging them.
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And if they said no, you can say,
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hey do you want to meet?
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Shall we have a conversation?
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Shall we engage, shall we connect?
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We have clients that are getting listings
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every single day from
this strategy my friends.
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This one is a no brainer, as
in 100% no brain required.
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Unless you're not on Instagram.
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Then you might need a
brain, so pay attention,
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it's 2018.
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This one, a little more advanced, right.
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I went old school, past
clients, sphere, easy.
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New school, right,
Instagram, Instagram stories,
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polling, you're going to
have to find the poll.
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You might have to Google, you know,
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how do I do that, right.
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You could ask a 13 year
old, they'll show you.
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This one is such a money maker,
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I'm almost nervous about
sharing it with you.
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I watched so many people walk up to me,
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this was like the seventh
point that I shared of 33,
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and people were literally
walking up to me at break
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like if I just do that
one, I'm going to kill it.
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So here's what it is, non-owner
occupieds and investors.
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Non-owner occupieds and investors.
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So what do we need to do?
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First thing is obvious.
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Contact your local title rep, right,
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that guy or gal that helps
you is just absolutely amazing
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and say, I'm looking
for every single person
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in my community that owns
x number of properties.
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That owns x number of properties.
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Now you may say, I'm comfortable
dealing with investors
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that own two properties, five properties.
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I said to the group,
find the ones that own
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seven to 10 properties
because they're really
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in the business, right.
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They own these houses,
they're accustomed to rentals.
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They know the game.
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And if you're comfortable
in that conversation,
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and you do what I'm
going to ask you to do,
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you're going to win.
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And all you need from this
strategy is one or two,
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and it's going to be a bunch
of transactions for you
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over the course of your career.
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So what do we want to do?
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First, go to your title rep and say,
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show me every person that own
under LLCs, S corp, C corp,
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all the different ways
that they're kind of,
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you know, identifying or hiding themselves
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or protecting themselves, I should say,
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from taxes, et cetera,
right, in their corporations.
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How many properties they own,
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you're going to identify all of them.
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You're going to get a list of I'd say
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no more than 50.
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At the summit I said 100
because I was being aggressive,
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but if you had 50 different families
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that you could start
marketing yourself to,
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using the tactic I'm about to share,
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you're going to win one.
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And that's all you need.
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Ready, so you got your list of 50.
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Here's what I want you to do.
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One at a time, you're going to say,
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okay Jillian, I've identified her,
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she owns seven properties.
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I'm going to then create
a CMA on all seven
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of the properties and
bound them into a book.
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Now if I really want to win,
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if I really want to bring value,
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what am I going to do?
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I'm going to identify in
each one of those pages,
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you bought this property in 1991 for x,
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today in 2018, it's
worth y, congratulations.
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And I'm going to hand write that on there.
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I'm going to let people know,
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I'm doing my research.
[590]
I'm bringing you value.
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I'm thinking about you Mr
or Mrs or family prospect.
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So I'm going to create CMAs on each one,
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bound them all in a book,
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and then I'm going to
send them this letter.
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Name, I noticed you
owned several properties
[604]
here in our area, congratulations.
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I work with several
families and investors,
[609]
helping them with property
acquisitions and trades.
[613]
I'm sure you receive
hundreds of these a month.
[616]
Why do you think I'm going to say,
[618]
I'm sure you receive
hundreds of these a month?
[621]
Because here's a hint, they don't.
[624]
They're going to be saying to themselves,
[625]
why don't, I should be
receiving these things.
[627]
I'm a real estate investor.
[628]
I own these properties.
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How come my agent isn't
even sending me this stuff?
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Very important.
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Hundreds of these a month.
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To show you I'm serious about
creating value for my clients,
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I've included a CMA on
each of your property's
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current values, take a peek.
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Here's the hook, ready,
if there's a property
[646]
that's under delivering,
[648]
perhaps we can discuss alternatives.
[651]
If there's a property
you've already depreciated,
[653]
and there's no more tax advantage.
[655]
If there's a property
where it's already gone up
[656]
as high as it's probably going to go
[658]
based upon your understanding
of the knowledge,
[660]
if you've got under performing assets,
[662]
we should talk, it's so.
[664]
I can't even believe I'm sharing
this on the Tom Ferry Show.
[667]
This is going to be so bananas because
[668]
I'm going to get some email from somebody,
[670]
totally random in like Kansas City,
[672]
who's going to go, dude, I did that
[674]
and I got this one investor
and I got like six properties.
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It's going to be that bananas.
[680]
It's all about execution,
[681]
but this is good stuff.
[682]
Alright, so back on that letter.
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Right, take a peek.
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If there's a property that's
currently under delivering,
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perhaps we can discuss alternatives.
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I'll follow up with a
call in the next few days.
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I look forward to connecting soon,
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Tom Ferry, Banana Real Estate.
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Right, now, do I want to send
this in my brokerage envelope?
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What do you think?
[699]
You probably want to send it
in a federal express envelope,
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a U.S. mail envelope, you with me,
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so it's nondescript, doesn't
look real estate oriented,
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it's got the book of all
the properties inside there.
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You know, you got beautiful photos,
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you got a cover letter right here.
[712]
I'm doing this research for you.
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If there's anything I can do to help,
[715]
my friend, you're going to win.
[716]
Now what are you going to do afterwards?
[718]
You're going to call, right.
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You're going to call.
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If you can get access to an email,
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you're certainly going
to send them an email.
[725]
You know be mindful right.
[726]
Like you're doing your
research to find out
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who these people are and what information
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you can get, but at the minimum
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you gotta make the phone calls.
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And you gotta call and you gotta call
[734]
and you have to call and
you have to call some more.
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And then call seven more times.
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And then call in the morning
and call during the mid day
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and then call at night.
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And then reverse it.
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And you want to do this until guess what,
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they finally, yeah my wife
and I have been looking
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at your package and we're thinking about
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our property over on,
you know, banana street,
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and yeah we actually are
thinking about selling.
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Thanks so much, let's meet.
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That's what's going to happen.
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Do your research, identify what list
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you're most comfortable,
the type of investor
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you're most comfortable going after,
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and attack.
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This one is really strong.
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Make sure you get to TomFerry.com,
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download all the letters.
[768]
Download all the stuff.
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Remember, 50 or 100 of these.
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You get one or two clients from it,
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and those one or two clients
can be trading properties
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with you for the course of your career.
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And that's what this is about.
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Alright, the last one.
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We're going to go into the future here.
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What do we know today?
[785]
Facebook, Google,
YouTube, on any given day,
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I think it's Google, YouTube
first, then Facebook,
[792]
those three are the three
most trafficked sites
[796]
on the planet.
[798]
Think about what I just said there.
[799]
Right, Google, people like,
Google is a verb, right,
[802]
it's what we do now.
[803]
Like you're talking to Google,
[805]
Google find me this, Google find me that.
[806]
Let me go research this, let
me go find the information.
[809]
You know what's happening?
[811]
The vast majority of people
that are thinking about
[812]
selling their home, buying their home,
[814]
they're researching home
values in Newport Beach.
[817]
Right, or home values in Creda Del Mar
[819]
or home values in you know Bananaville
[821]
or whatever their city is.
[822]
And guess what?
[823]
As they're doing those searches on Google,
[827]
do you know that Google
will give you access
[830]
to who those people are.
[832]
And you can then run ads on
the second most popular site
[836]
called YouTube.
[838]
So I'm going to show you
guys a video in a second,
[840]
but I want you to imagine,
I'm looking, you know,
[843]
homes for sale, thinking about selling.
[845]
What's happening with
prices in my zip code?
[847]
And then like a week
later after I did this,
[850]
my wife says, oh my God,
you gotta watch this video
[853]
of Steven playing tennis.
[855]
And I go on to YouTube,
and I go to the video,
[858]
and I hit go, but the
first thing that happens
[861]
is I see this commercial.
[863]
Are you looking at homes for sale
[864]
in Newport Beach, California?
[866]
I'm Tom Ferry with Banana Real Estate.
[868]
So far this year we've helped 36 families
[870]
buy and sell real estate.
[872]
If you're looking to
save time and save money,
[875]
click the link below or contact us
[877]
at 949-867-5309.
[882]
Click the link below.
[884]
So think about that.
[885]
People will literally be,
they'll be sitting there
[888]
like on their phone
going how did they know?
[891]
Click link, yes.
[893]
This one's an advanced one.
[895]
Gary Vanderchuck and I
actually talked about this
[896]
in January at his event saying,
[899]
this is the next evolution of doing ads,
[903]
where you're literally
getting people on Google
[904]
searching for one thing,
and then when they go
[906]
to YouTube, that super
popular site that now gets
[909]
more traffic than all
cable companies combined.
[913]
Let me say that to you
again, more traffic than
[916]
all cable companies, like all
of them together combined.
[919]
That's how much traffic YouTube gets.
[921]
And now you're going
to be running ads there
[923]
to win sellers.
[925]
So those are the first four of the 16
[928]
we're going to be sharing over
the next few weeks with you.
[930]
I can't wait to read your comments.
[932]
Which one do you like?
[933]
Which one do you already do?
[934]
Which one are you going to do?
[935]
Which on are you never going
to tell any of your friends
[937]
about because you want to
do it before everybody else?
[940]
So let me know, and
make sure you race back
[943]
to TomFerry.com and download
all the free goodies
[946]
because that's where it's all at for you.
[947]
So get there today.
[949]
Thank you so much for watching.
[950]
Remember always, your strategy matters
[952]
and now more than ever,
your ability to list
[955]
a large number of properties,
that's what rules.
[956]
Hey I'm Tom Ferry, and
I want to say welcome
[958]
to real estate.
[960]
Now there's a pretty good chance no one's
[962]
told you there's an 87%
failure rate every five years
[966]
in this business.
[967]
And there's only two factors.
[969]
Agents don't have the tools and they don't
[971]
take the right action.
[972]
I'm going to invite you
to click the link below
[974]
and get access to the tools so
you can win in this business.
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