The Sales Coach eNewsletter

by

SALES CHAMPIONS

7 January 2004

Issue No. 25

Happy and Prosperous New Year

 

Here is your latest edition of "The Sales Coach" by Sales Champions, your Australian Real Estate Sales Coaches.  The Sales Coach is your fortnightly eNewsletter that includes tips and articles for helping you to get more Listings and Sales.

 

What about that Christmas / New Year!  If you were anywhere near us at Caloundra and Woodford, you will have loved the great weather!!  If you weren't, we hope you had a fantastic time, good food, good company and a chance to recharge the batteries.  There's nothing like music, food and friends at Woodford to refresh and stimulate you.  You've got 460 acts to choose from (several internationally known - like George) held in 20 venues over 7 days.  Wow!

 

This week we are in planning mode and that includes travel plans to visit other centres around Australia to deliver seminars and meet you - to hear your stories and look for ways to help you even more.  If you'd like a Sales Champion's seminar in your city or town, please contact us and let us know, ASAP.  

 

This year, Sales Champions is expanding and there's a business opportunity for Real Estate Agents who want to make a business change, but still stay in the industry.  

 

We're really looking forward to getting stuck in to 2004 with you.  So let's get going!! 

 

Warm regards, Dennis & Narelle


  

Own Your Farm!

by Dennis McMahon 

In the last few issues of the Sales Coach for 2003, we spoke about the importance of planning and about modifying your business to suit the changing market in the upcoming year.

Making a Patch of the Market Your Own

The rules of success in Real Estate are no different to the success techniques used in every industry.  The winners are those who own their patch of the world.  That is, they deliberately target those prospective Clients who fit their perfect Client criteria. They know their Client's problems, their needs and what solutions those people want to buy to solve their problems - not what the salesperson wants to sell!

While there are different options to allow you to focus on building a client base, such as niche marketing (via demographics, ethnic groups, etc.), this article will deal specifically with farming, a system which we know that a lot of you work within.

If you operate under this type of arrangement now, how many of you are focussed on really knowing the people who are in your farm?  Are you aware of how many different demographic groupings there are?  How about the reasons that people sell (or buy)?

The answers to these questions will provide just some of the information that a successful Agent should know.  Because if you don't know what the aspirations of your prospective Clients are, how can you tailor your services to provide the solutions they want?

An Ideal Farm

So let's take a look at an ideal farm.  We believe that a farm area of 1000 homes is plenty.  With approximately 5 - 6% of all homes in Brisbane selling every year (40,000 out of about 640,000 in 2003), this means that in any given 1000 homes, about 50 to 60 will sell in 2004.  Of course, some suburbs have a much greater turnover than  that.

When you consider that for every single home you sell for a happy Client, you should receive 2-3 referrals; you only need to gain 10 to 15 new Clients (of those 50) from your farm each year and you will have a very good business in 2 - 3 year's time.

So how do you get that business?  

Well, the most reliable way is to build your profile and recognition in your farm.  And the only way to do that is to communicate with them all householders regularly, with information that is non-intrusive and that they perceive is useful and valuable to them.  

Before you can do that, you need to know what is considered valuable information.  Test marketing and surveys are a great way to both gain information and make your mark with your Client base.

Ask your farm members what they want and need.  Show them your results and tell them how you have developed a service to suit what they told you.  Ask for their feedback.  And show them the results again.  Then keep in touch in a friendly, non-pushy way.  When they are ready, they will come to you - and that's the way to have a fantastic business.

So don't get hung up on tomorrow's business - look ahead, plan for the future, and tomorrow's business will look after itself. 


[FIRSTNAME], if you'd really like to be a Sales Champion in 2004, call us now on 0412 251 196 (N) or 0438 728 161 (D), and we'll organise a Complimentary Session with you to show you how you can achieve these goals - and have the lifestyle you want.

"Success in business requires training and discipline and hard work. But if you're not frightened by these things, the opportunities are just as great today as they ever were."

 David Rockefeller (1915 - )


  Interested in becoming a franchisee of Sales Champions?

For your Info Pack, email franchiseinfo@saleschampions.com.au 

OR call NOW Dennis 0438 728 161 / Narelle 0412 251 196


Quiz Question - Who said this?

"In the modern world of business, it is useless to be a creative original thinker unless you can also sell what you create. Management cannot be expected to recognize a good idea 
unless it is presented to them by a good salesman."
 
7janquiz@saleschampions.com.au  Click here and put your answer in the subject line.  Make sure you include some details so that we can contact you.

Dutch Auction Anyone?

 

It was interesting to read about Dutch Auctions in this month's Property Investor magazine.  Open your bidding at the highest possible price, and drop the price incrementally, until someone bids at that price.  For example:  the vendor sets the reserve at $500k and the auctioneer opens the bidding at $700k, then drops in price, until a bidder makes an offer, for example, of $600k. First bid, first sale, appears to be the axiom used to determine the outcome.

 

With a regular auction, I might have decided that I have $600k to spend, but my competition starts at $530k and then drops out when I am at $550.  In this scenario, I haven't had to go to $600k, but I can be outbid by anyone else.  

 

In a Dutch Auction, if I really want the property, I have to show my hand as soon as possible.  

 

Have you ever used a Dutch Auction?  What was it like?  Email your thoughts to: dutchauction@saleschampions.com.au

 

WINNERS ARE GRINNERS!

 

The Winner of the December Sales Coach eNewsletter Subscriber Prize is Alison Grose of Cairns Property Office!!  

 

Have you forwarded on your edition of The Sales Coach eNewsletter?  Our goal is to have 10,000 readers in 1 year's time!  You can help us to reach this goal by forwarding this Issue on to anyone, anywhere.

 

Remember we have great monthly prizes for new subscribers!  Subscribe here!

We reserve the right to alter prizes and prize values at any time.  At no time will cash be substituted for a prize.


 Want More Success?  

Need success so hard you can taste it?  To find out how, click on the Link above or call us for your Champion's Sprint Info Pack. 


Available Programmes

Clean Sweep

Attraction

Champion's Sprint 

Money Mindset

 


L

Workplace issues?

Relationship problems?

Depressed?

Stressed?

Not eating Properly?

Irritable?

Can't Concentrate?

Narelle Stratford is a

Registered Psychologist. 

Call to arrange a 

Confidential appointment on

 Mob:  0412 251 196


Free Reports Club 

Join the FREE REPORTS CLUB now for FREE, and you'll automatically get every one of our fantastic Business Building Reports as it comes off the Press - absolutely FREE!!  Do not miss these - your success may come from an idea in one of these Reports!  

It's Your Business!!

101 Marketing Options

Get That Listing! 

Value Your Service?

Marketing Matrix  

Sales Analysis 

 

Tenants in Common

Offer your Vendors something completely different! Gain a Unique Selling Point for yourself and offer something different than the rest of the real estate agents.

Quick Sales Assist - Your Client Management Software System     

At last - a Client Management system for your computer that is designed by Australian Real Estate Agents for Australian Real Estate Agents!  Keep all of your Client, Prospect and deal information in the one spot.  Data match buyers and sellers.  Access it at home, your office, or on the road.

Real Estate Research

Kingsley Gum gives you the edge with local property stats and research to suit your clients needs.  For more info, click the link above or email / call us NOW!


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DIRECTORS:

Narelle Stratford 

61 + 0412 251196

Dennis McMahon 

61 + 0438 728 161

(    61 + 7 + 3255 0739

Email:  coach@saleschampions.com.au
Website:  www.saleschampions.com.au

Sales Champions 

26 Cordeaux Street

West End   4101  Qld   Australia     

ABN:  2304 241 2603

 

Copyright 2003

Sales Champions