Step 1: Establish Your Database and Hybrid Farm
- Set Up Your Database:
- Start by adding people daily to your database. Focus on clients, past clients, leads, and your community.
- Use your CRM to organize your contacts by categories such as “active leads,” “past clients,” and “sphere of influence.”
- Identify a High-Turnover Neighborhood for Farming:
- Look for a neighborhood with a turnover rate of 5% or higher (at least 5 sales for every 100 homes).
- Use public records or MLS to assess turnover rates and select a geographic farm area where you want to dominate.
- If the neighborhood already has an established agent, focus on building a competitive presence through consistency and value.
Step 2: Build Engagement in Your Database and Farm
- Create a Neighborhood Facebook Group:
- Build a community Facebook group for your chosen neighborhood. Make it community-oriented, not real estate-focused initially.
- Engage residents with local news, events, and discussions.
- Include a QR code to join the Facebook group on all your mailers and postcards.
- Host Community Events:
- Sponsor or organize 4 events a year (one per quarter). Examples include:
- Neighborhood BBQs
- Food truck events
- Community yard sales
- These events are inexpensive but provide opportunities for face-to-face interactions with your farm residents.
- Sponsor or organize 4 events a year (one per quarter). Examples include:
Step 3: Provide Consistent Value through Marketing and Outreach
- Send Entertaining and Valuable Postcards:
- Send postcards that provide value to the community, such as:
- Best local events (e.g., fireworks, local festivals)
- Upcoming food trucks or local market updates
- Local property statistics with a friendly and entertaining tone.
- Include Just Listed/Just Sold postcards as part of your overall marketing, but balance them with value-driven content.
- Send postcards that provide value to the community, such as:
- Regularly Call Your Database:
- Make quarterly calls to everyone in your farm and database.
- Focus on providing valuable information such as:
- Market updates: What’s happening in their neighborhood.
- Inviting them to events or community gatherings.
- Use scripts that focus on offering information rather than hard selling.
- Utilize Open Houses to Engage Neighbors:
- Make your open houses community events. Offer refreshments and invite neighbors to join.
- Build relationships by recognizing repeat attendees and engaging them in conversation about what they’re looking for.
Step 4: Develop a Database Marketing Plan
- Follow the 4x4x2x12 Rule:
- Call your database 4 times a year.
- Mail to your database 4 times a year.
- Host 2 client events each year.
- Send 12 email newsletters throughout the year (1 per month).
- Use Infotainment in Marketing:
- Focus on entertaining and valuable content for both emails and postcards.
- Examples:
- Top 3 local cider mills (for fall emails)
- Community food truck schedules
- Holiday events and neighborhood highlights
- Send VIP Appreciation Boxes:
- Send VIP appreciation boxes to your top clients 4 times a year.
- Tailor the boxes to the demographics of your clients (e.g., family-oriented items, gift cards, seasonal treats).
- Personalize these gifts with a handwritten note for an extra touch.
Step 5: Be Consistent and Evaluate Your Efforts
- Evaluate Your Marketing Results Quarterly:
- Regularly check the turnover rates and response to your marketing.
- Ask for feedback from the neighborhood and adjust your approach if needed.
- Track your ROI on events, postcards, and database outreach.
- Continue Adding Value:
- Stay proactive with consistent community engagement, even if it doesn’t result in immediate sales.
- Be the trusted local expert by showing up regularly with value-driven content (e.g., neighborhood updates, helpful tips, entertaining events).
Step 6: Increase Sales through Hybrid Farming and Database Follow-Up
- Keep Expanding Your Farm:
- As you gain market share in your neighborhood, expand into nearby neighborhoods or target similar communities.
- Repeat the hybrid farming strategy in these new areas.
- Leverage Your Database for Referrals:
- Provide consistent value to your database and keep asking for referrals. If you’re providing great service and maintaining strong relationships, people will refer others.
- Stay connected through phone calls, emails, and events.
Key Takeaways for Reaching 100+ Sales
- Hybrid farming is all about consistent monthly engagement through calls, events, mailers, and emails in a high-turnover neighborhood.
- A solid database plan is essential. Regular outreach, value-driven marketing, and appreciation gifts keep your clients loyal and referring you to others.
- Be proactive and efficient: Use systems like regular follow-ups, event hosting, and database segmentation to manage your growing client base.
- Focus on building relationships rather than just sales. The more value you provide, the more opportunities you create for long-term success.
By following these steps consistently, you can establish a process that generates over 100 transactions annually through personal engagement, community leadership, and a well-executed marketing plan.