The
Dean Jackson
NewInformation! Marketing Letter
From: Toronto,
Ontario
Friday, August 1, 2003
Escaping the florida heat!
Dear Friend,
Wouldn't
it be cool if you could take the summer off?
And
still make money.
It's
possible, even in a hands on business like real estate to make money
without being involved personally in every
transaction.
So,
what I'd like to talk about this month is:
How
To Set Up Your Business So It Makes Money Whether You
Show Up Or Not.
I've
got a lot to share with you.so this letter is a little longer than
usual.
I'm
going to lay out a step-by-step plan you could literally have completely
set up in the next couple of days.so get comfortable and let's get
to work!
STEP
1: Buy into the IDEA that it's possible to make money without
working.and paint a clear picture in your mind of how that would
look.
Can
you buy in to the IDEA that it's possible to make
money in real estate without even showing up?
I've
seen it.so I know it's possible.
What
would you do with your time if you didn't have to work?
What
would a day in your life look like?
It's
important to look at what you want for your LIFE before
you start doing any planning for your BUSINESS.
One
of the best things I've ever done is to sit down
and spend time THINKING about what I really want for
my life.
A
dear friend of mine Thomas Leonard, who recently passed
away gave me the gift one day of working with me to define
what success means to me.
It
starts by answering the statement:
"I
Know I'm Being Successful When." in as many ways as
are meaningful to you. (Try for 10)
Doing
this will give you some insight in to what really matters to you.
What drives you to do what you do, and will give you
a clear picture of where you're headed.
More
than anything.it will help you identify when you're
NOT headed in the right direction!
I'll
share mine with you, so you can get an idea of what
they look like.then I'd encourage you, as step one, to spend some
time defining success for YOU.
Here
are success definitions:
I
know I'm being successful when.
I
can wake up every day and ask: "What would I like to do today?"
I
can live anywhere I choose.
My
passive revenue exceeds my lifestyle needs.
I'm
working on projects I'm excited about.and doing my
very best work.
There
are no whiny people in my life.
I
have no deadlines or time obligations.
I
wear whatever I want all the time.
I
can quit any project at any time.
I
can disappear for several weeks with no affect on my income.
I
wear my watch for curiosity only.
Now,
those are MY 10 definitions of success. They may not be for you,
but they are how I guide my decisions and how I decide whether a
new opportunity "fits" for me.
You
can probably see from this list, that time freedom is very
important to me.
I'm
at my most creative when I can wake up.and decide right then what
I'd like to do that day. Sometimes it's work, sometimes it's not.
What
is important for you?
Maybe
you like time commitments and schedules to be planned
in advance.
Maybe,
you might say "I know I'm being successful when every hour
of my work day is perfectly planned with appointments."
That's
one of the things my friend Jim McQuaig of Nations Home Funding,
in Northern Virginia does.
He's
identified that his most valuable activity is sitting with new clients
in his office for an initial 45 minute consultation, and his team
structure is set up to make that happen consistently.
What
would the IDEAL situation for you look like?
4-day
work week? 10 am to 4 pm
July
and August off next summer?
My
ideal for you, would be that you can catch a glimpse of the possibility
that you could make money in your business without having to do
it all your self.
Once
you've got that vision.you're ready to move on to.
STEP
2: Design a separate division of your business that is
not dependent on you - right from the beginning.
If
you've bought in to the idea that you can make money without actually
showing up...you may need to rethink the way your
business is currently set up.
Unfortunately,
a lot of top producing Realtors have businesses that were built
on personal promotion.and now those same businesses are dependent
on them because it was THEIR name that built the business.
It
doesn't have to be that way.
I
was on a plane recently and read in Forbes magazine
how the "Blue Man Group" generated over $69 million dollars
in revenue for the year.
They're
the percussion guys you've seen on the Intel commercials with the
blue face paint.
They've
got very successful concurrent shows in Las Vegas,
New York, Chicago.and other cities.
I
was very impressed by that and it put them on the annual
list of the top money-earning entertainers.
There
was another article in the same magazine about how
the 3 creators of the Blue Man Group had conceived the whole idea
from the beginning so it wouldn't be dependent on just them.
There
are really 34(!) Blue Men.and the originators only perform on very
special occasions like the Grammy's and the Super Bowl.
They
actually had the foresight to look ahead and realize they didn't
want the Blue Man Group to be limited by depending on any specific
three guys.
Also
on that list were Siegfried and Roy.with $35 million.
The
difference clicked for me immediately.
Think
about it.
When
someone is going to see the Blue Man Group.they're
going to see 3 Blue Men who can put on a great show. They
don't know that it's not the originators of the group they're actually
watching. And they don't care.
When
someone goes to see Siegfried and Roy.they're
going to see SIEGFRIED and ROY.and they would be
completely disappointed if they weren't there personally.
They
are going to see SIEGFRIED and ROY.not 2 guys and
a tiger!
I
know lots of million-dollar plus earning real estate agents who
have built businesses like Siegfried and Roy.
Even
MORE half-million dollar earners.
The
one thing they have in common, is this slow realization that they've
sort of painted themselves in a corner, with a business that demands
more and more of their personal time as it
becomes more and more successful.
How
do you get out of that?
Simple.
You start right now thinking about setting up a separate division
of your business that isn't going to be all about you.
Preferrably,
a division of your business that doesn't depend on you at all.
It's
ok that you've got a business that's built on your name
recognition.
It's
ok that you've got to keep on doing your bus-bench campaign or your
personal promotion newspaper.
It's
ok, because you can set up this "Blue Man" division of
your business without interrupting what you're doing right now.
In
fact, the very best way to test the waters with this concept is
to start slowly, but deliberately, creating a small portion of your
income with no involvement whatsoever.
You'll
see. It IS possible for people to buy or sell a home without you
personally holding their hand.
Imagine
that!
Want
to know how to do it?
I
thought so.
STEP
3: Narrow Your Focus.
Your
business is too complicated.
I
know this, because I see it every day.
Almost
every Realtor I know is looking for a way to EXPAND their reach.
They want to cover as wide an area as possible, so they can have
a chance at even more business.
It's
very time consuming, and expensive, to build a business that is
set up to help people in the entire tri-city area.
"Buying
or selling? Call me and discover the difference!"
"First
time homebuyers, move up buyers, horse farms, commercial properties
we do it all!"
It's
this mindset of needing only a small portion of a BIG pie that creates
this desire to EXPAND instead of focus.
It's
a false comfort.
The
real key to growth and especially Blue Man type growth that doesn't
depend on you.is to think NARROW, not wide.
Niche
marketing is always easier and more profitable than
generalized marketing.
The
mindset you want to have for this is not. "I just need a small
percentage of all the business in the Greater Tri-County Area"
it's about thinking in terms of DOMINATING a very specific segment
of the Tri-County market.
One
of the most successful Realtors I know has built his entire business
around helping people buy and sell Condos in Toronto.
His
entire business is set up to only work with Condos in the
central part of the city.
Result?
He dominates the condo market and sells over 1000 (!) condos a year.
He
doesn't list houses. He doesn't sell houses. Just condos.
My
encouragement to you would be to look at the individual
segments of your market, and choose one that you will aim to DOMINATE.
Not
dominate on a personal promotion level, but on a Blue Man Group
level.
Imagine
that you are creating a business SYSTEM to serve that
single segment of the market, and the catch is that you can't be
involved in ANY part of the actual service delivery.
What
would you do if your task was to dominate the first time buyer market
in your area, or the townhouses..or condos. or inbound relocations
and you had to do it with OTHER PEOPLE instead of YOU?
It's
a whole different mindset when you're thinking about how to deliver
a great service through other people.
That's
a muscle you probably haven't developed so it may "hurt"
the first time you use it.
The
key to accomplishing anything through other people is to think about
developing SYSTEMS and PROCESSES that will allow other people to
achieve the same results YOU would if you were doing it personally.
Stick
with me because this is going to be the key to building a business
that can make money whether you show up or not.
There
are 3 things you'll need to be able to address in order for your
business to make money without you.
You
have to be able to generate LEADS.
You
have to be able to CONVERT those leads, and.
You
have to be able to FOLLOW-UP with the leads who are not ready to
buy right now.
Let's
start with the first one.
STEP
4: Use a lead generation SYSTEM you can put on autopilot.
The
biggest obstacle to most businesses is being able to generate a
consistent flow of quality leads.
For
most Realtors lead generation means PROSPECTING.
Hamster
wheel type prospecting.
Things
that require you to do them consistently to get results.
Cold
calls, FSBO's and expireds. Holding open houses. Floor time.
Those
things are not predictable though, because they really can't work
without YOU.
Remember,
what we're looking for is a SYSTEM that can work without you.
I'll
describe a system I developed over 10 years ago that will get a
ton of leads without depending on YOU. (By the way.it is working
just as effectively today as it did 10 years ago, and is still bringing
in business without me involved at all.)
About
10 years ago, I noticed that the new home subdivisions had really
nice showrooms with a big table top topographical map of the area
that color coded where the different house styles were, and all
around the room were pictures of the models and floor-plans.
I
started thinking all of the houses that are already built in my
area are not going anywhere. They're always going to be there.
If
you want a 3 bedroom brick bungalow they're all in the Prince Charles
area.
If
you want something a little bigger, maybe a split level or 2-storey,
they're all in the Delrex area.
The
half-dozen townhouse developments are always going to be there.
I
got to thinking. "Why don't I put together a Guide To Halton
Hills Real Estate?"
So,
I did. I went out one afternoon and took pictures of 60 houses to
give a good representation of the kind of homes available in Halton
Hills.
I
wrote up a little description of each picture.put the average price
range for each style.coded on the map the neighborhoods you could
find those houses in..got a map of the area.added some community
contact numbers, and formatted it up into a nice 20 page booklet.
It
was a simple little guide, photocopied in black and white, that
I would get printed at the local quick print shop a couple of dozen
at a time.
Next,
I put together an ad offering:
"FREE
Guide To Halton Hills Real Estate" and later discovered
that "FREE Guide To Halton Hills Real Estate Prices" pulled
even better.
I
ran those ads in the Homes magazine.with a little clip-out coupon
you could mail in for you guide, or an 800 number you could call
to order.
There
was NO picture of me.
No
mention of me.
Nothing
about me except a discreet listing of my name and real estate company
at the very bottom of the ad because it was required.
What
happened the first time I ran that ad and every time
I run it is that dozens of people send in that coupon, or call the
800 number every month. (In fact, they still do)
I
wasn't doing anything to make it happen, except running the ads,
and going to my mail-box.
I
ended up licensing that SYSTEM to about 40 different agents all
around the city.and showing them how to use the guide to generate
all the buyers they could ever want.
That
model is exactly what I would do if I were coming in to YOUR town
today.
I'd
also have a separate guide for Condos, for first time home buyers,
for investors, for people who want to build a NEW home.
Any
target market you can think of really could be adapted to that model.
It's the simplicity of it and the VALUE of it to your target market.
Anyone looking
to move to Halton Hills would be looking in the homes magazine to
see what kinds of homes and prices were in Halton Hills.
They'd
see the ad for the Free Guide.and they'd call.
They'd call
because it was Free, Valuable, easy.and it would give them what
they were looking for in the early stages of their home search -
INFORMATION.
The
thing about a tool like the guide is that you don't need to
have listings to generate all these buyers. It doesn't matter what
kind of market you're in buyers are always going to be looking for
Information first.
If
you're the one offering it, you're the one they're going to call.
This
system allows you to just "set it and forget it."
Every
time you run the ad, you'll generate buyers. Like clockwork.
Without
even having to think about it.
And,
the best part is.they're not calling to speak to anybody in particular,
because they're just calling for the guide.
It's
not about YOU, it's about them -- so they call.
Perfect
for setting up a BLUE MAN type of operation.
It's
not going to be disappointing if YOU personally don't answer them,
because they're not expecting to talk to you.
Hopefully, they don't even know who you are.
That
system will work whether you're in town or out of town. In the office,
or out showing homes. At the movies or on the golf course.
It
doesn't matter.
It's
working while you're not and that's what we're looking for.
You
don't have to worry about being available to answer ad
calls, or sign calls, because they'll just leave a message with
all their contact info. They're not expecting to talk to you right
away.
Very
handy for not feeling guilty when you're out of town and not able
to answer the ad calls on Sunday.
So,
now that you've got a way to generate buyers without you at work.let's
move on to the next thing you'll need to have in place before you
can completely remove yourself from the business.
STEP
5: Use a TRAINABLE lead conversion system.
When
you start generating a lot of leads, what you may find, is that
you are generating more leads than you can handle in
addition to what you're already doing.
That's
why it's important to have a SYSTEM to help identify who the very
best prospects are, so you can focus your limited time and attention
on THEM instead of the people who are NOT true prospects.
Ultimately,
what we're looking for is a system that can be run without YOU so
in order to get consistent results, we need to have a consistent
measurement to decide who are the prospects we'd like to work with.
What
I'm always looking for are what I call "5-Star Prospects"
5-star
prospects are people who are.
1)
Willing to engage in a dialogue
2)
Friendly and co-operative when you talk to them
3)
They know what they want (and are realisitic)
4)
They're moving in the next 6 - 12 months
5)
They'd like you to help them
In order
to be successful as a massive lead generator, I've learned that
you've got to be able to identify very quickly the people who have
the highest chance of becoming your client, and focus all of your
attention on those people.
The
corollary to that, is quickly identifying the people who are NOT
going to be your clients and letting them go.
QUICKLY.
That's
the key.
It's
better to know you're not going to be able to help them right from
the start, than to HOPE you'll be able to help them, and bang your
head against the wall.
Most
of the trouble in lead generation and follow-up comes from spending
time with 2, 3 or 4 star prospects.
That's
what gets frustrating. No matter how hard you try, You can't CREATE
5-Star Prospects, you can only DISCOVER them.
If
they're not 5-Star prospects, it's better for you to know it up
front and move on.
This
weeding out at the beginning is the first step in a GREAT lead conversion
process.
PLUS:
it's trainable.
Once
you know what you're looking for, and you have it written down,
and can explain it. Anyone could do it.
Anyone
can have a conversation with a new lead and find out whether they
meet the 5 requirements we're looking for in a potential new client.
With
a simple checklist and some training that may involve listening
and watching YOU have a few of those initial new lead conversations
(or listening to them on tape) - even a BLUE MAN could do it :)
That's
what we're looking for!
So,
now you've got a way to generate leads WITHOUT YOU, and
a trainable way for SOMEONE ELSE to determine whether they
are real prospects or not.you're more than half way to a system
that can make money whether you show up or not.
The
next thing you need to do is.
Step
6: Improve and AUTOMATE your follow-up system.
Here
are some interesting facts about leads:
-Half
of them are NEVER followed up!
-Just
over HALF of the people who inquire WILL buy a house
in the next 12 months.
-Of
those who DO buy a house - only 15% of them will do it in the next
90-days.
That
means 85% of the leads you generate TODAY are more
likely to buy 90-days or more from now, so the longer you can
keep in contact with them.the better chance you have of
working with them when they're ready.
The
good news is you won't have much competition.
Most
of your competitors are more likely to have a 6 DAY follow up program
than a 6 or 12 MONTH follow-up program.
Successful
lead generators realize that the real EQUITY of their lead generation
program is in the future. The NEW leads are not the HOT leads.
There
WILL be some people who want to buy a house right away.
About
15% of them.
And
you could make a good living and return on investment just working
with the ones who want to buy now.but the BIG return on your investment
will come when you've got a SYSTEM to
keep in touch with the 5-Star Prospects for a year.
You'll
be the only one consistently following up with them.
They'll
appreciate it.
They'll
call you when they get ready to move.
I
promise.
So,
what do you do to follow up with them.
Here's
what I did with the Guide To Halton Hills leads.
I'd
find the 5-star prospects, and weed out the others.
Twice
a month, I'd send a letter along with some clippings of local real
estate news and all the new listings in their price range.
Like
clockwork.
Every
other Tuesday.
Rain
or shine.
Want
to know how I was consistently able to make that happen every 2
weeks?
Simple.
I had someone ELSE do it.
Darlene.
She
was much more dependable than me. She would make sure
the mailings went out every time..on time.
Since
it was her only responsibility for those Tuesday afternoons, it
got done.
I
showed her how to do it ONE time, and she took over.
Nothing
else got in the way of her doing that mailing.
Not
like me. If it was up to me, something else would always get in
the way. Appointments. Offers. Emergencies. Golf.
Having
Darlene was my ticket to freedom. (and she still is!)
Having
a Darlene of your own to manage a follow-up system will make your
life better. It only has to be for a few hours every
other week to start.
You
can have someone come in just to manage your follow-up system two
afternoons a month.and you don't have to worry about it at all.
I
hope I've done two things for you this month. I hope I've at least
planted the seed of possibility for making money in your business
without being involved in it.and I hope I've inspired you to take
some action about it!
Let
me know.
Next
month I'm going to be back with another NewInformation!
Letter
for you, and we're going to talk about:
"How
to sell more of your own listings, for more money in any market
condition".
I'll
talk to you then!
Dean Jackson
Truly Blue Man
PS- If you want to read the article about the Blue Man Group I mentioned
earlier you can read it here:
http://www.forbes.com/forbes/2001/0319/136_print.html
Here's a quote
from the article.
"It's
always been about the Blue character," says Stanton.
"There's a real luxury in creating a character that can be
reproduced. People don't show up to see Matt, Chris and
Phil. They show up to see the Blue Men."
Wouldn't that
be great to have in YOUR business?
A "character"
that can be reproduced.
That could be
a well trained buyer agent playing the role
of world-class-super-servant for the BLUE MAN real estate group.
I've already
given you the script.you just need to cast the role!
PPS - There
are two things I'd like to help you with if you'd let me.
First.if you're
thinking about getting a new website, I'd like to help you with
that.
I have developed
a completely turn-key website marketing system that makes getting
started with internet marketing a snap.
We set up the
website for you.work with you one-on-one to get up and making money.and
give you every marketing tool you
need to be successful.
We
only work with one person in each market so if your market is available,
I'd like to work with you.
All the details
about our website system are at:
http://www.moneymakingwebsites.com
Check it out.and
give me a call at 863-318-0464.
Next, if you've
already got a website you're happy with, I'd like to help you get
more visitors to your site..
I've partnered
with one of the best search engine optimizers in the country to
offer a real estate specific service to get you GUARANTEED visitors
to your website for 20 cents each.
You can get
all the details at:
http://www.searchengineprofits.com
That's all for
this month!
Let me know
what you're up to.email me at
dean@deanjackson.com
If
you'd like a FREE copy of NewInformation! Volume 1,
Just leave your name and email address below,
and you can download a copy right now.
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