How to Grow Your Real Estate Business
Trying to make it in the real estate industry can be an intense journey. With the current economic conditions hinting at a possible recession and the competitive nature of the market, it might seem like it’s impossible to grow and develop your real estate business.
Many real estate agents give up after their first few years because they can’t seem to break through the glass ceiling. But if you’re willing to put in the work and hustle, it is possible to find success in this industry.
Today we’re going to share some tips and strategies, so that you can also learn how to grow your business. We’ll also talk about how a real estate answering service like AnswerHero can be a valuable addition to help you manage leads and build long-term relationships with clients.
Here are some of our top tips for growing and sustaining your real estate business:
Improve Your Time Management
In the world of real estate, time equates to money. The more time you can allocate towards developing relationships with clients and working on new listings, the more money you’ll make. However, answering calls from potential buyers and sellers, scheduling showings and open houses, and attending meetings are some of the most common activities that can take up your time. If you want to take the stress off of answering phone calls and managing your schedule, a professional answering service can help.
A phone answering service can help streamline your business communications, free up your time, and allow you to focus on more important tasks. AnswerHero is a great option for real estate agents looking for a telephone answering service. We offer 24/7 live call answering, lead capture and management, appointment scheduling, and so much more.
Capture and Nurture Leads More Effectively
Real estate businesses need to generate a consistent flow of leads to survive. But generating leads is only half the battle – you also need to nurture them until they’re ready to buy or sell a property. The key to nurturing a lead is to establish and maintain constant communication with them. You can do this by sending out monthly newsletters, calling or texting them periodically, or meeting with them in person.
This is where a virtual answering service can also be extremely helpful. With AnswerHero’s 24/7 live answering service, you can capture leads even while you’re sleeping, and our team of professionally trained agents can nurture those leads until they’re ready to do business with you.
Use Email Marketing and Social Media to Your Advantage
When it comes to selling real estate – whether it’s residential or commercial real estate – visuals are everything. You need to find a way to effectively showcase your listings online so that potential buyers can see what you have to offer. Email marketing and social media are great tools to use for this purpose.
Email marketing allows you to send out regular updates about your listings, open houses, and other events to your email list while social media is where you can post photos and videos of your listings. You can also use social media to run targeted ads to potential buyers in your area.
Build Long-Term Relationships
The real estate game is a long-term game. It’s not about making a quick sale – it’s about developing relationships with clients that will last for years to come. Word-of-mouth recommendations can spread like wildfire in the real estate industry, so your real estate company’s customer service must be second to none.
AnswerHero’s phone answering services can help you build strong relationships with your clients by providing them with the highest quality customer service. All of our virtual receptionists are courteous, friendly, and professional – and they’re available 24/7/365 to answer your clients’ calls, even after regular business hours.
Lower Your Overhead Costs
Running a real estate business can be expensive. From advertising and marketing costs to office space rental fees, there are a lot of expenses that can eat into your profits. One way to save money is to outsource some of your non-core activities, such as answering phone calls.
If you are wondering, “How much does an answering service cost?” It’s just a fraction of the cost of hiring a traditional in-office receptionist. In fact, AnswerHero’s most expensive plan is just $1,595, which is 50% lower than the average in-office receptionist’s salary. Plus, AnswerHero offers after-hours answering services at no extra cost, so you can save even more money.
Looking for the Best Virtual Answering Service for Your Real Estate Business?
Whether you are an independent real estate agent or a part of a large real estate firm, AnswerHero can help you streamline your daily operations, capture leads, and close more deals in no time. If you want to get ahead of the competition and take your real estate business to the next level, AnswerHero has you covered. Contact us today at (888) 974-2567 to get started.