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Follow	
  Up.	
  Stand	
  Out.	
  	
  
Sell	
  More	
  Homes	
  in	
  2013.	
  
Leveraging	
  Results	
  of	
  The	
  
2012	
  Online	
  Lead	
  	
  
Follow-­‐Up	
  Survey	
  
                                         1	
  
IntroducAons	
  .	
  .	
  .	
  

Mike	
  Lyon	
  
Presenter	
  
      	
  
  Dave	
  
 Betcher	
  
Facilitator	
      Mike	
  Lyon	
            Dave	
  Betcher	
  
                   Principal,	
  	
          Vice	
  President,	
  Sales	
  
                   DoYouConvert.com	
        Lasso	
  Data	
  Systems	
  




                                                                               2	
  
Browsers	
         Webinar	
  
to	
  Buyers	
  
2nd	
  Edi;on	
  
                    Giveaway	
  



                             3	
  
Here’s	
  What	
  We	
  Know	
  
                        	
  
                        	
  
                        Ø  9	
   out	
   of	
   10	
   homebuyers	
   start	
   their	
   research	
   on	
   the	
  
                             web.	
  (Buyers	
  under	
  44	
  =	
  96%)	
  
                        	
  
     90%	
  	
          Ø  Builders	
   are	
   implemenQng	
   successful	
   online	
   markeQng	
  
of	
  new	
  home	
          programs,	
  generaQng	
  tons	
  of	
  online	
  leads.	
  
buyers	
  start	
  
      online.	
         Ø  Follow-­‐up	
   is	
   criQcal	
   to	
   leverage	
   online	
   acQvity	
   and	
  
                            convert	
  leads	
  to	
  appointments.	
  

                        Ø  There	
   is	
   a	
   tremendous	
   opportunity	
   for	
   home	
   builders	
  
                            to	
  stand	
  apart	
  from	
  the	
  compeQQon.	
  



                                                                                                                   4	
  
Why	
  It’s	
  Important	
  
                            Ø  Online	
  leads	
  cost	
  from	
  $100-­‐
                                $200	
  each.	
  
  With	
  proper	
  
                            	
  
  follow-­‐up,	
  	
        Ø  MarkeQng	
  is	
  about	
  interest	
  
20-­‐25%	
  of	
                 and	
  engagement	
  

 online	
  leads	
          Ø  Selling	
  is	
  about	
  relaQonship-­‐
                                 building	
  and	
  closing	
  the	
  deal	
  
will	
  convert	
  to	
     	
  
appointments.	
             Ø  With	
  effecQve	
  follow-­‐up,	
  
                                 20-­‐25%	
  of	
  online	
  leads	
  will	
  
                                 convert	
  to	
  appointments.	
  	
  

                            	
  

                                                                                 20-­‐25%	
  of	
  all	
  sales	
  


                                                                                                                      5	
  
What	
  We	
  Did	
  
                            Ø  Surveyed	
  200	
  new	
  home	
  communiQes	
  across	
  
                                North	
  America	
  
   The	
  survey	
  
   included	
  a	
          Ø  Registered	
  on	
  the	
  website	
  
    variety	
  of	
  
builders,	
  	
  home	
  
types	
  and	
  plans	
     Ø  Allowed	
  30	
  days	
  of	
  response	
  and	
  follow-­‐up	
  
  across	
  North	
  
    America.	
              Ø  Measured	
  quanQty	
  and	
  quality	
  of	
  results	
  




                                                                                                    6	
  
Number	
  of	
  Emails	
  Sent	
  

   Of	
  200	
  
 communi;es	
  
  surveyed…	
  
   only	
  6%	
  
responded	
  with	
  
   5	
  or	
  more	
  
   personal	
  
    emails.	
  



                                                              7	
  
PersonalizaAon	
  

   Of	
  200	
  
 communi;es	
  
                               10%
                               Generic
  surveyed…	
  
   only	
  6%	
  
responded	
  with	
  
   5	
  or	
  more	
     34%                56%
                                         Personalized
   personal	
             No Email
    emails.	
  



                                                        8	
  
First	
  Email	
  Sent	
  

   Of	
  200	
  
 communi;es	
                                                       0-­‐1	
  Hour	
  
                                No	
  Email	
                           22%	
  
  surveyed…	
                     34%	
  

 Only	
  22%	
                                                                          1-­‐4	
  Hours	
  
                                                                                             12%	
  
emailed	
  within	
  
   1	
  hour.	
                                   4+	
  Hours	
  
                                                    32%	
  




                                                                                                             9	
  
Phone	
  Response	
  
                                          3%	
  
                                22%	
  
   Of	
  200	
                                                              No	
  Call	
  
 communi;es	
                                                               1	
  Call	
  
  surveyed…	
  	
                                                           3+	
  Calls	
  

       75%	
  	
                                   75%	
  	
  

did	
  not	
  make	
  a	
  
  phone	
  call.	
                                    0-­‐1	
  Hour	
              9%	
  
                                                                                                            8%	
  


                                                      1-­‐4	
  Hours	
  
                                                      4-­‐24	
  Hours	
  
                                                      1	
  Day	
  +	
                                  4%	
  
                                                                                              4%	
  


                                                                                                                     10	
  
MulAple	
  Responses	
  

   Of	
  200	
  
 communi;es	
  
  surveyed…	
  
   only	
  3%	
  
  called	
  more	
  
than	
  once	
  and	
  
sent	
  more	
  than	
  
   2	
  emails.	
  



                                                      11	
  
Longevity	
  

   Of	
  200	
             Ø  24% sent more than 1 email
 communi;es	
  
  surveyed…	
              Ø  3% made more than 1 call
   only	
  3%	
  
  called	
  more	
         Ø  13% sent more than 3 emails
than	
  once	
  and	
  
sent	
  more	
  than	
  
   2	
  emails.	
  
                           3% - Only 6 out of 200 made more than
                           1 call and sent more than 2 emails	
  

                                                                    12	
  
Year	
  over	
  Year	
  Comparison	
  

                           80%	
  
                           70%	
  
                           60%	
  
Not	
  much	
  has	
  
                           50%	
  
  changed.	
  
                           40%	
                                         2011	
  
                           30%	
                                         2012	
  
                           20%	
  
                           10%	
  
                            0%	
  
                                     No	
  Email	
     No	
  Phone	
  
                                     Response	
        Response	
  

                                                                                    13	
  
Highlights	
  

                         Ø  Larger	
  builders	
  had	
  defined	
  process	
  

                         Ø  Quality	
  of	
  follow-­‐up	
  is	
  sub-­‐par	
  
Not	
  much	
  has	
  
                         Ø  Calls	
  sQll	
  chink	
  in	
  armor	
  
  changed.	
  
                         Ø  Only	
  4	
  sent	
  a	
  video	
  email	
  

                         Ø  NOT	
  MUCH	
  HAS	
  CHANGED	
  




                                                                                   14	
  
Browsers	
         Webinar	
  
to	
  Buyers	
  
2nd	
  Edi;on	
  
                    Giveaway	
  



                            15	
  
Five	
  Core	
  Elements	
  
                  1)	
  Speed	
  



Need	
  for	
  
 Speed	
                        +391% Called under 1 minute
                                        +160%	
  Called	
  under	
  2	
  minutes	
  
                                    	
  +98%	
  	
  	
  	
  	
  	
  C	
  	
  	
  	
  	
  	
  	
  	
   under	
  3	
  minutes	
  
                                        	
  	
  	
  	
  	
  	
  	
  	
  	
  	
   	
  	
  alled	
  


                                                                        Lead360	
  Research	
  study	
  of	
  25	
  million	
  data	
  
                                                                        points	
     	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  
                                                                        	
  




                                                                                                                                                                                   16	
  
Five	
  Core	
  Elements	
  
                 2)	
  The	
  Follow-­‐Up	
  Process	
  
                                                  LEAD	
  

What	
  is	
                            Meet	
  &	
  Greet	
  
  Your	
                                                     Customer	
  
                           No	
  Response	
  
Process?	
                                                   Responds	
  

                            Short-­‐Term	
                     Qualify	
  
                            Follow-­‐Up	
  

                            Long	
  -­‐Term	
                Select	
  One	
  
                            Follow-­‐Up	
  
                                                       Set	
  Appointment	
  
                                                                                 17	
  
Five	
  Core	
  Elements	
  
                  2)	
  The	
  Follow-­‐Up	
  Process	
  

                           Immediately	
                    •  E-­‐mail	
  #1	
  -­‐	
  Auto	
  response	
  
                  Day	
  1	
  (Within	
  5	
  Minutes)	
   •  E-­‐mail	
  #2/1st	
  Call	
  -­‐	
  Personalized	
  	
  	
  	
  
Follow-­‐Up	
                    Day	
  3	
                 •  Video	
  E-­‐mail	
  #3	
  	
  &	
  2nd	
  	
  call	
  
   that	
                        Day	
  7	
                 •  E-­‐mail	
  #4	
  
 Works!	
  	
                   Day	
  14	
                 •  E-­‐mail	
  #5	
  
                                Day	
  20	
                 •  3rd	
  Call	
  
                               1	
  Month	
                 •  E-­‐mail	
  #6	
  (re-­‐rank)	
  	
  
                               6	
  Month	
  	
             •  E-­‐mail	
  #7	
  +	
  Phone	
  Call	
  
                                 1	
  Year	
                •  E-­‐mail	
  #8	
  
                                                                                                                         18	
  
Five	
  Core	
  Elements	
  
                    3)	
  Persistence	
  
                    Persistence	
  Pays	
  
                    	
  
Work	
  those	
  
Aged	
  Leads	
  




                                                   19	
  
Five	
  Core	
  Elements	
  
                    3)	
  Persistence	
  
                    Persistence	
  Pays	
  
                    	
  
Work	
  those	
  
Aged	
  Leads	
  




                                                   20	
  
Five	
  Core	
  Elements	
  
                  3)	
  Persistence	
  


                        It	
  Pays!	
  
Long-­‐Term	
  
 Process.	
             	
  

                    Email	
                        One-­‐to-­‐       Phone	
  
                                    Segment	
  
                    Blast	
                       One	
  Email	
      Call	
  




                                                                            21	
  
Five	
  Core	
  Elements	
  
            4)	
  The	
  Online	
  Sales	
  Counselor	
  

            	
  
            	
  
DNA	
  
          •  Immediate Response            •  Responds if available
          •  Unbiased Qualification        •  Only my Hood
          •  Persistent Follow-Up          •  Follow-Up if Responsive
          •  Set Appointments              •  Make the Sale
          •  Marketing Mind                •  Close the Deal
          •  Long-Term View                •  30 Days is a Stretch
          •  Smooth on Phone & email       •  Great Face-to-Face 22	
  
Five	
  Core	
  Elements	
  
                  5)	
  CRM/Lead	
  Management	
  System	
  
                  	
  
                  Ø A	
  tool	
  that	
  allows	
  sales	
  professionals	
  
 CRM	
  is	
           to	
  streamline	
  their	
  follow-­‐up	
  
                       processes,	
  track	
  their	
  progress	
  and	
  
the	
  Glue	
          spend	
  more	
  Qme	
  focused	
  on	
  building	
  
                       relaQonships,	
  wriQng	
  contracts	
  and	
  
                       closing	
  more	
  deals.	
  




                                                                          23	
  
Browsers	
         Webinar	
  
to	
  Buyers	
  
2nd	
  Edi;on	
  
                    Giveaway	
  



                            24	
  
About	
  Lasso	
                                                                     About	
  Mike	
  Lyon	
  Group	
  
Lasso	
   Data	
   Systems	
   is	
   the	
   leading	
   developer	
   of	
         Mike	
  Lyon	
  has	
  accumulated	
  a	
  wealth	
  of	
  “real	
  world”	
  
innovaQve	
   “on-­‐demand”	
   CRM	
   home	
   builder	
                           knowledge	
  and	
  first-­‐hand	
  experience	
  in	
  the	
  realm	
  of	
  

solware	
   for	
   builders	
   and	
   developers.	
   Lasso,	
                    online	
   markeQng	
   and	
   sales	
   for	
   home	
   builders.	
   He	
  
                                                                                     delivers	
  his	
  informaQon	
  from	
  the	
  trenches	
  and	
  draws	
  
deployed	
   on	
   thousands	
   of	
   projects	
   globally,	
   equips	
  
                                                                                     from	
   his	
   diverse	
   background	
   in	
   online	
   adverQsing,	
  
real	
   estate	
   developers,	
   home	
   builders	
   and	
   sales	
  
                                                                                     digital	
  design,	
  and	
  internet	
  sales.	
  	
  
agencies	
  to	
  convert	
  prospects	
  to	
  purchasers	
  and	
  to	
            	
  



sell	
   their	
   developments	
   faster	
   and	
   easier.	
   The	
             Mike	
   is	
   recognized	
   as	
   one	
   of	
   the	
   top	
   innovators	
   in	
  
company’s	
   solware	
   manages	
   potenQal	
   homebuyers	
                      online	
   lead	
   generaQon	
   and	
   conversion	
   for	
   the	
   home	
  
online	
   from	
   interest	
   list	
   to	
   occupancy	
   including	
           building	
   and	
   real	
   estate	
   industry.	
   A	
   highly	
   sought	
  
markeQng,	
   sales,	
   inventory	
   and	
   contract	
                            aler	
   consultant	
   and	
   speaker,	
   Mike	
   has	
   worked	
   with	
  
                                                                                     many	
  of	
  the	
  top	
  100	
  home	
  builders	
  and	
  several	
  of	
  the	
  
management.	
   Lasso	
   works	
   equally	
   well	
   for	
   diverse	
  
                                                                                     world’s	
  leading	
  real	
  estate	
  companies.	
  	
  
developments	
   from	
   urban	
   high-­‐rise	
   to	
   suburban	
                	
  



townhomes,	
   single	
   family,	
   master	
   planned	
   and	
                   He	
   is	
   the	
   author	
   of	
   Browsers	
   to	
   Buyers:	
   Proven	
  
senior	
   communiQes,	
   and	
   golf,	
   mountain	
   and	
   ocean	
            Strategies	
   for	
   Selling	
   New	
   Homes	
   Online,	
   the	
   home	
  
desQnaQon	
   resorts.	
   Lasso	
   is	
   designed	
   for	
   ease	
   of	
       building	
   industry’s	
   authoritaQve	
   guide	
   on	
   internet	
  
use,	
   rapid	
   deployment	
   and	
   pay	
   by	
   usage	
   to	
              markeQng,	
   lead	
   generaQon	
   and	
   lead	
   management	
  

maximize	
   each	
   client’s	
   ROI	
   and	
   reduce	
   their	
                and	
   the	
   newly	
   released	
   Social	
   Media	
   Guide	
   for	
   Real	
  

technology	
   and	
   financial	
   risk.	
   Lasso	
   is	
   a	
   privately	
     Estate.	
  	
  www.DoYouConvert.com	
  
                                                                                     	
  
held	
   company	
   headquartered	
   in	
   Vancouver,	
   BC,	
  
Canada.	
  www.lassoCRM.com	
  




                                                                                                                                                                         25	
  

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Follow Up. Stand Out. Sell More Homes in 2013. Mike Lyon Webinar Presentation

  • 1. Follow  Up.  Stand  Out.     Sell  More  Homes  in  2013.   Leveraging  Results  of  The   2012  Online  Lead     Follow-­‐Up  Survey   1  
  • 2. IntroducAons  .  .  .   Mike  Lyon   Presenter     Dave   Betcher   Facilitator   Mike  Lyon   Dave  Betcher   Principal,     Vice  President,  Sales   DoYouConvert.com   Lasso  Data  Systems   2  
  • 3. Browsers   Webinar   to  Buyers   2nd  Edi;on   Giveaway   3  
  • 4. Here’s  What  We  Know       Ø  9   out   of   10   homebuyers   start   their   research   on   the   web.  (Buyers  under  44  =  96%)     90%     Ø  Builders   are   implemenQng   successful   online   markeQng   of  new  home   programs,  generaQng  tons  of  online  leads.   buyers  start   online.   Ø  Follow-­‐up   is   criQcal   to   leverage   online   acQvity   and   convert  leads  to  appointments.   Ø  There   is   a   tremendous   opportunity   for   home   builders   to  stand  apart  from  the  compeQQon.   4  
  • 5. Why  It’s  Important   Ø  Online  leads  cost  from  $100-­‐ $200  each.   With  proper     follow-­‐up,     Ø  MarkeQng  is  about  interest   20-­‐25%  of   and  engagement   online  leads   Ø  Selling  is  about  relaQonship-­‐ building  and  closing  the  deal   will  convert  to     appointments.   Ø  With  effecQve  follow-­‐up,   20-­‐25%  of  online  leads  will   convert  to  appointments.       20-­‐25%  of  all  sales   5  
  • 6. What  We  Did   Ø  Surveyed  200  new  home  communiQes  across   North  America   The  survey   included  a   Ø  Registered  on  the  website   variety  of   builders,    home   types  and  plans   Ø  Allowed  30  days  of  response  and  follow-­‐up   across  North   America.   Ø  Measured  quanQty  and  quality  of  results   6  
  • 7. Number  of  Emails  Sent   Of  200   communi;es   surveyed…   only  6%   responded  with   5  or  more   personal   emails.   7  
  • 8. PersonalizaAon   Of  200   communi;es   10% Generic surveyed…   only  6%   responded  with   5  or  more   34% 56% Personalized personal   No Email emails.   8  
  • 9. First  Email  Sent   Of  200   communi;es   0-­‐1  Hour   No  Email   22%   surveyed…   34%   Only  22%   1-­‐4  Hours   12%   emailed  within   1  hour.   4+  Hours   32%   9  
  • 10. Phone  Response   3%   22%   Of  200   No  Call   communi;es   1  Call   surveyed…     3+  Calls   75%     75%     did  not  make  a   phone  call.   0-­‐1  Hour   9%   8%   1-­‐4  Hours   4-­‐24  Hours   1  Day  +   4%   4%   10  
  • 11. MulAple  Responses   Of  200   communi;es   surveyed…   only  3%   called  more   than  once  and   sent  more  than   2  emails.   11  
  • 12. Longevity   Of  200   Ø  24% sent more than 1 email communi;es   surveyed…   Ø  3% made more than 1 call only  3%   called  more   Ø  13% sent more than 3 emails than  once  and   sent  more  than   2  emails.   3% - Only 6 out of 200 made more than 1 call and sent more than 2 emails   12  
  • 13. Year  over  Year  Comparison   80%   70%   60%   Not  much  has   50%   changed.   40%   2011   30%   2012   20%   10%   0%   No  Email   No  Phone   Response   Response   13  
  • 14. Highlights   Ø  Larger  builders  had  defined  process   Ø  Quality  of  follow-­‐up  is  sub-­‐par   Not  much  has   Ø  Calls  sQll  chink  in  armor   changed.   Ø  Only  4  sent  a  video  email   Ø  NOT  MUCH  HAS  CHANGED   14  
  • 15. Browsers   Webinar   to  Buyers   2nd  Edi;on   Giveaway   15  
  • 16. Five  Core  Elements   1)  Speed   Need  for   Speed   +391% Called under 1 minute +160%  Called  under  2  minutes    +98%            C                 under  3  minutes                          alled   Lead360  Research  study  of  25  million  data   points                                                         16  
  • 17. Five  Core  Elements   2)  The  Follow-­‐Up  Process   LEAD   What  is   Meet  &  Greet   Your   Customer   No  Response   Process?   Responds   Short-­‐Term   Qualify   Follow-­‐Up   Long  -­‐Term   Select  One   Follow-­‐Up   Set  Appointment   17  
  • 18. Five  Core  Elements   2)  The  Follow-­‐Up  Process   Immediately   •  E-­‐mail  #1  -­‐  Auto  response   Day  1  (Within  5  Minutes)   •  E-­‐mail  #2/1st  Call  -­‐  Personalized         Follow-­‐Up   Day  3   •  Video  E-­‐mail  #3    &  2nd    call   that   Day  7   •  E-­‐mail  #4   Works!     Day  14   •  E-­‐mail  #5   Day  20   •  3rd  Call   1  Month   •  E-­‐mail  #6  (re-­‐rank)     6  Month     •  E-­‐mail  #7  +  Phone  Call   1  Year   •  E-­‐mail  #8   18  
  • 19. Five  Core  Elements   3)  Persistence   Persistence  Pays     Work  those   Aged  Leads   19  
  • 20. Five  Core  Elements   3)  Persistence   Persistence  Pays     Work  those   Aged  Leads   20  
  • 21. Five  Core  Elements   3)  Persistence   It  Pays!   Long-­‐Term   Process.     Email   One-­‐to-­‐ Phone   Segment   Blast   One  Email   Call   21  
  • 22. Five  Core  Elements   4)  The  Online  Sales  Counselor       DNA   •  Immediate Response •  Responds if available •  Unbiased Qualification •  Only my Hood •  Persistent Follow-Up •  Follow-Up if Responsive •  Set Appointments •  Make the Sale •  Marketing Mind •  Close the Deal •  Long-Term View •  30 Days is a Stretch •  Smooth on Phone & email •  Great Face-to-Face 22  
  • 23. Five  Core  Elements   5)  CRM/Lead  Management  System     Ø A  tool  that  allows  sales  professionals   CRM  is   to  streamline  their  follow-­‐up   processes,  track  their  progress  and   the  Glue   spend  more  Qme  focused  on  building   relaQonships,  wriQng  contracts  and   closing  more  deals.   23  
  • 24. Browsers   Webinar   to  Buyers   2nd  Edi;on   Giveaway   24  
  • 25. About  Lasso   About  Mike  Lyon  Group   Lasso   Data   Systems   is   the   leading   developer   of   Mike  Lyon  has  accumulated  a  wealth  of  “real  world”   innovaQve   “on-­‐demand”   CRM   home   builder   knowledge  and  first-­‐hand  experience  in  the  realm  of   solware   for   builders   and   developers.   Lasso,   online   markeQng   and   sales   for   home   builders.   He   delivers  his  informaQon  from  the  trenches  and  draws   deployed   on   thousands   of   projects   globally,   equips   from   his   diverse   background   in   online   adverQsing,   real   estate   developers,   home   builders   and   sales   digital  design,  and  internet  sales.     agencies  to  convert  prospects  to  purchasers  and  to     sell   their   developments   faster   and   easier.   The   Mike   is   recognized   as   one   of   the   top   innovators   in   company’s   solware   manages   potenQal   homebuyers   online   lead   generaQon   and   conversion   for   the   home   online   from   interest   list   to   occupancy   including   building   and   real   estate   industry.   A   highly   sought   markeQng,   sales,   inventory   and   contract   aler   consultant   and   speaker,   Mike   has   worked   with   many  of  the  top  100  home  builders  and  several  of  the   management.   Lasso   works   equally   well   for   diverse   world’s  leading  real  estate  companies.     developments   from   urban   high-­‐rise   to   suburban     townhomes,   single   family,   master   planned   and   He   is   the   author   of   Browsers   to   Buyers:   Proven   senior   communiQes,   and   golf,   mountain   and   ocean   Strategies   for   Selling   New   Homes   Online,   the   home   desQnaQon   resorts.   Lasso   is   designed   for   ease   of   building   industry’s   authoritaQve   guide   on   internet   use,   rapid   deployment   and   pay   by   usage   to   markeQng,   lead   generaQon   and   lead   management   maximize   each   client’s   ROI   and   reduce   their   and   the   newly   released   Social   Media   Guide   for   Real   technology   and   financial   risk.   Lasso   is   a   privately   Estate.    www.DoYouConvert.com     held   company   headquartered   in   Vancouver,   BC,   Canada.  www.lassoCRM.com   25