Are you a “one-spoke wonder”? If you know that you are, or if you don’t even know what that means, then read on, because this article is all about you, and if you’re willing & able to take action on it, we guarantee that it will produce tremendous benefits & stability for your lead generation.
Simply put, a “one-spoke wonder” is an agent who relies exclusively on a single type of lead-generation for all of their prospecting. For instance, maybe you’ve had success with phone-prospecting your Center Of Influence, or possibly you’re buying all your leads from Zillow (you shouldn’t, but that’s another lecture for another day). That makes you a one-spoke wonder.
The problem with relying on a single lead-generation spoke is that it puts all the eggs for your business in a single basket. If things change (in this constantly changing industry), it could leave you high and dry, searching for leads with nothing to fall back on. That’s why we recommend that every agent have at least 7 lead-generation channels – or “spokes”, as we like to call them.
“Seven spokes,” you might say, “Good Lord, do 7 different ways to generate leads even exist?” The answer is a resounding “yes!”, and to get you started, take notes on the list below were we outline 58 lead-generation sources that can help you eliminate your dangerous reliance on a single-spoke to put the bread on your table.
58 Sources Of New Real Estate Business!
- Past Clients
- Business Networking Groups (for example: BNI or LeTip)
- Calling For Sale By Owners
- Mailing For Sale By Owners
- Relocation Companies
- First Time Buyer Seminars
- Calling For Rent By Owners
- Direct Response Classified Ads
- Investor Seminars
- Calling Expireds
- Community Networking
- Stealth Websites
- Investor Tele-Conference Calls
- Voice Broadcast
- Mailing Expireds
- Calling Centers of Influence
- Door Knocking
- Mailing Centers of Influence
- Niche Expert, for example: Luxury Homes/Vacation Markets
- First time Buyer Conference Calls/Live Events
- Join clubs that interest you and network with similar interest people
- Join groups such as a Gardening club or French Bulldog club, etc.
- Absentee Owners
- 1800HomeHotline (www.1800HomeHotline.com)
- Just Listed/Just Sold Postcards
- Farming
- Pre-foreclosures
- Converting Renters into Owners
- Specializing in 1031 Exchanges
- Past Client Appreciation Parties
- Joining or starting your own Property Investor Clubs
- Giving talks to local churches and community organizations educating them on
- the local real estate market
- Specializing in a particular type of condos (for example: mid-rise condos, condo
- conversions, etc.)
- Hosting or Participating in Community Charity Events
- Open Houses
- Development of your own subdivision
- Pay-per-Click Advertising
- Working with Investors
- Specializing in Land Sales
- Home Brochure Boxes
- Directional Signs
- Podcasting
- Specializing in REOs
- Listing Builder Spec Homes
- Affiliate Referrals (for example: from loan officers, insurance agents, etc.)
- Adopting the Client from the Opposite Side of the Transaction
- Specializing in Short Sales
- Getting exclusive relationships to list the buyers for new construction homes
- Hosting builder’s model homes
- Using press releases
- Wanted Ads
- Newsletters to Past Clients and Center of Influence 53. Your own Homes magazine
- Your own exclusive Newspaper
- Housevalues.com leads
- Blogging
- Homegain.com
- Building a BPO (Broker Price Opinion) business
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