Alex Cavelli
By Alex Cavelli
Prospecting is either the most embraced or most avoided activity for real estate professionals. While some see it as an opportunity to earn business right now, the majority of us don’t feel that the juice is worth the squeeze. Facing rejection and looking stupid is far more painful than not hitting our business goals.
No matter the sentiment, let’s take the pressure off ourselves and see prospecting for what it really is: Talking with people about their lives.
To frame our approach, let’s look at two ways to track the source of your business:
- Where they come from.
- Why they came.
If you look at your last five transactions, you can certainly identify those both sources. The more important component is to take step and ask, “What life change was going on?” Your results may look something like this:
|
Source |
|
|
“The Where” |
“The Why”/ Life Change |
|
Open House |
Getting married |
|
FSBO |
Kids are all gone |
|
Open House |
Getting married |
|
Expired |
Retiring to Florida |
|
Sphere |
Job Promotion |
Notice the insignificance of “The Where” in comparison to “The Why”? While one just tells you where you met your clients, the other has everything to do with their dreams, goals, and life ambitions. When prospecting, which would you rather focus on?
A mentor of mine correctly boiled real estate prospecting down to three questions:
- What life change is coming up?
- Is real estate connected to that change?
- Is there an opportunity to do business?
So, let’s take the pressure of determining how we will meet our future clients off ourselves, and instead, keep those three core questions in the back of our minds. As long as we’re connecting with people, “The Where” just doesn’t matter. It’s all about “The Why.”
Alex Cavelli is a REALTOR® with Howard Hanna in Greater Cleveland. Connect with Alex via www.linkedin.com/in/cavelli or Alex@thecrockettteam.com.