Itâs inevitable. You will undoubtedly lose clients over the course of your career. There are many reasons why we lose clients. Some arenât a good fit, some arenât ready to buy, some canât afford to buy, etc. But there is one reason for losing clients that should never occur: poor communication.
Like I said, there are several reasons why we lose clients. Some people donât work well together. Different personalities, values, and demographics can influence the way you work with certain people, and that is absolutely okay. Only you know the kind of clients you can and want to work with. If you donât, you should start defining who those ideal clients are for you. (Pssst, I can help you with that!). Once you know the clients you want to work with, you will be able to align yourself with those clients and determine when someone isnât a good fit for you. You also have the right to âfireâ clients that are difficult to work with or treat you and your team poorly.
Other people will not be ready...
Have you ever interviewed a client, all was well, you started their transaction, and then later on you get the âI didnât know you needed to know thatâ or âby the wayâŚâ?
When you get these responses, it doesnât mean that you did anything wrong. In fact, you may have executed your initial interview flawlessly and your transaction is going smoothly. But, when you get a message like this, you have to stop and think, why didnât I already know this?
It is all about asking the right questions the first time you meet with a client.
Quick disclaimer â this article is aimed at real estate and lending professionals but applies to other sales-based businesses. Be aware that we will be talking in terms of real estate transactions throughout the article! đ
Anyway, asking the right questions in your initial interview can make all the difference in your deals. You probably have your standard set of questions, but I urge you to get to know your prospective clients so you can drill down on what is i...
Lately weâve been discussing the importance of small talk, follow-up, and connecting with people. If you are in any industry that is considered a âpeople businessâ (psst, most of us are), mastering your communication skills and follow-up strategies is a MUST.
You likely know that getting leads is just half the battle. The other half is following up on those leads effectively so that they can be converted from a lead into a paying customer. But not all leads are created equal, and they require different follow-up strategies. Cold leads, warm leads, and hot leads require varying amounts and types of follow-up.
In this article, we will discuss some of the strategies you can implement for each degree of leads you get for maximum likelihood of converting them into paid clients!
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Typically, we classify our leads into 3 categories. Sticking with that model, we will start with cold leads and work our way to hot ones!
Cold Leads
Cold leads are potential customers who, at some point, have...
The response from my last article about the value of small talk has been amazing! It got a lot of you asking questions and wondering HOW to effectively engage in small talk. I love the conversations around this topic because for some reason, even the most confident experts and leaders can struggle to make small talk when in new environments or networking situations.
Humans are social creatures by nature, so why do we get awkward and uncomfortable in social situations? I canât answer that question, but today I am giving you 6 ways to engage in small talk or ease into a new social situation that can help you feel less nervous and more confident.Â
1. Bring a friend: The easiest way to feel more comfortable at a networking event or in an unfamiliar social situation, is to bring a friend. By bringing a friend you ensure that you know at least one person in the room and will have someone to talk to if you arenât able to break into a conversation with others. Having a friend also provides a...
I have never been a fan of small talk. Iâm kind of impatient and I like to get into the good parts of conversations quickly. However, when your business depends on networking and building connections to grow, small talk is a valuable tool in your arsenal! I have learned over the years to slow down and enjoy the mundane parts of conversation, the parts where you get to learn about people and get to know them, with no pressure, and no expectation!
Building connections with people, especially potential clients and referral partners, is a process. It takes time to build the know, like, and trust factor and you canât just jump right into business with peopleâŚat least not usually (we all hope for that one client that instantly wants to work with usâŚit happens, but not very often! đ).
Back to small talk. Does anyone really care what the weather is doing or who won last weekâs basketball game? Probably not, but general topics like weather or sports are terrific ice breakers. Most of the time...
As a business owner, following up with clients and prospects is essential to your success. You can meet thousands of potential clients over the course of your career but if you donât put in the work to follow up and convert them to paying clients, you will never grow your business.
Your follow-up strategy can make all the difference in whether you gain a client from an interaction. Letâs say you meet someone at a networking event, and you really hit it off. You both agree that you should meet for coffee or lunch to discuss ways to support each other. You leave the event feeling jazzed at the prospect of a new client or referral partner, and then, nothing happens. Weeks go by, you lose your jazzed excitement, and you think, hmmm, I really should reach out to that person. But by then it feels awkward, so you donât do it. Sound familiar? I too am guilty of this. But I am here to tell you that your follow-up strategy doesnât have to be boring, cumbersome, awkward, or scary!
As with just ...
Consistency is a key component of a successful business communication strategy. The uniformity and delivery of your brand message should always be at the forefront of your communication. In this blog post, we will discuss the importance of consistency in your business communication strategy and how it can help you grow and scale your business.
Consistency refers to the structure of your messaging, brand colors and appearance, tone, frequency of contact and posting, your process of communicating with your clients and non-paying audience, and the media via which you choose to communicate.Â
You can have the most robust communication strategy but if you donât implement consistent contact, interaction, and follow up with your audience, your business will not grow the way you want it to. If you are unsure why consistency is so important, here are 4 reasons to keep in mind when planning out your content strategy:
If you have been around here for a minute, you have probably heard me talk about the 5 Cs of communication. (If you are new here, you can learn more HERE)
One of those Cs is Credibility, and it is one of the most important traits for you to develop as a business owner.Â
Credibility is simply the quality of being believable and trustworthy. As a specialist in your chosen field of business, it is of utmost importance that you ARE knowledgeable and worthy of the trust of your clients.Â
But how do you develop that quality?
Through communication.
Effective communication is an essential aspect of building credibility. When you are credible, people are more likely to respect you, listen to you, and utilize your services.Â
Whether you are communicating in person, face to face, virtually, or on social media, there are several ways to build credibility through your communication.Â
Here are my four favorite ways to do so:
This one is for the realtors and loan officers out there! Whether you have been licensed for a short time or are a seasoned pro, listen up!
Letâs talk about pre-licensing education. Itâs great, isnât it? You spend hours and hours and hours being talked at, quizzed, and force fed all the things you shouldnât do (so that you can stay out of jail and not commit fraud â which is super handy and very important), yet there is zero time spent teaching you about the most important thing in the business: PEOPLE.
You see, selling homes or selling loans is not about the transactions or the sales themselves. It is truly about the people you work with and serve. Yet, nothing in your pre-licensing education teaches you about how to effectively connect with people so that you can not only stay out of jail and remain a free person with a license to practice, but also build a business that will serve you for years to come.
I am here to fix that.
As I meet and work with more industry professionals...
In any service-based business, building profitable relationships is essential for success. Profitable relationships are those that benefit all parties involved and result in more business opportunities. By building strong relationships with your clients, colleagues, and referral partners, you can create a network that supports your growth and provides ongoing success.
Consistent contact is the key to nurturing profitable relationships. This means staying in touch with industry partners and clients, past and present, on a regular basis to ensure they remember you and stay informed about your business. You can do this by sending newsletters, video or audio messages, promotional emails, or personalized text messages to remind them of your services or just to see how they are doing. Your contact doesnât always have to be business related. The key to these relationships is that they are about more than just business, they are about connecting on a human level! Get to know your clients and ...
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Are you in the people business but have a hard time really reaching those you serve? Do you feel like you say one thing and your clients hear another? If this is you, then don't wait any longer. Go grab my free guide to get started with the skills YOU need to become a greater communicator!