How to Close More Real Estate Deals with Fewer Leads: The Secret to Higher Commissions and Less Work
Oct 16, 2024As a real estate agent, you might feel like you’re constantly chasing leads, juggling too many prospects, and barely keeping up with the demands of your business. Sound familiar? What if I told you that you can close more deals while working with fewer leads—and earn higher commissions?
It’s not a pipe dream—it’s completely possible. The key lies in shifting your focus from gathering as many leads as possible to maximizing the potential of the right leads. Let me break down the exact strategies that helped me transform my real estate business and how they can help you do the same.
1. Master the Art of Lead Qualification Early
One of the biggest time-wasters in real estate is spending hours on leads that aren’t serious or ready to move forward. You may feel like you need to give each lead attention, but here’s a secret: The faster you qualify your leads, the more you can focus on the ones that are ready to close.
How to Qualify Leads Early:
- Ask direct questions like: “Have you been pre-approved for a mortgage?” or “Are you looking to buy or sell within the next three months?” These simple questions save you from spending time on tire-kickers.
- Look for signs of urgency, such as specific timelines, financing details, or questions about closing dates. The more specific a lead gets, the more serious they are.
- If a lead hesitates or gives vague responses, they’re likely not ready to commit. It’s okay to move on.
2. Stop Treating All Leads Equally—Cherry Pick Your Best Ones
Not all leads are created equal, and treating them as if they are can burn you out quickly. The trick to working fewer hours and closing more deals is to become selective with who you give your time.
Here’s How to Cherry-Pick Your Leads:
- Use lead management tools to organize your contacts by readiness. I personally recommend a system that helps you categorize leads based on their buying/selling stage.
- Prioritize leads that have demonstrated a clear intent to move forward. These are your hot leads, and they deserve your full attention.
- Let go of the pressure to respond to every single inquiry. It’s okay to focus on the leads that will move your business forward.
3. Create Irresistible Value That Justifies Higher Commissions
Another key strategy to closing more deals with fewer leads is charging what you’re worth. When you create and communicate irresistible value to your leads, you attract clients who are willing to pay higher commissions—without the endless negotiations.
Ways to Increase Your Value:
- Become a Niche Expert: Position yourself as a specialist in a particular market or type of transaction (luxury homes, first-time buyers, investment properties, etc.). This makes you the go-to agent and allows you to charge a premium for your services.
- Offer Unique Insights: Go above and beyond what your competitors offer. Provide personalized market data, staging advice, or access to off-market listings that other agents don’t have.
- Communicate Your Expertise: Make sure every piece of communication (from emails to listing presentations) highlights the results you deliver and the unique benefits of working with you. This is how you justify your higher commissions.
4. Leverage Automation to Save Time Without Losing the Personal Touch
You don’t need to be glued to your phone or laptop 24/7 to stay on top of your leads. With the right tools and systems, you can automate much of the follow-up process—while still maintaining a personal touch that keeps your leads engaged.
Here’s How to Automate Smartly:
- Use automated follow-up emails that deliver value, like market updates, client testimonials, or tips for buyers and sellers.
- Set reminders in your CRM to check in with hot leads at key stages in their decision-making process.
- But don’t rely only on automation. Make sure you still show up for personal, high-touch points, such as phone calls or face-to-face meetings when the time is right.
5. Build a Closing Machine That Works on Autopilot
Imagine having a real estate business that runs like a well-oiled machine, closing deals with fewer leads while you focus on what matters most—whether that’s scaling your business or enjoying more free time. This isn’t just possible—it’s the result of building a system that works for you.
The Core Elements of a Closing Machine:
- Build: Create your desired business from the ground up, ensuring it is exactly what you want it to be.
- Fuel: Give it only the right leads to ensure it runs with very little effort but produces a high $$$ result.
- Run: Monitor what’s working and refine your process as needed. This ensures that you continue to close deals consistently.
The Bottom Line: It’s Not About More Leads—It’s About the Right Leads
Fewer leads doesn’t mean fewer deals—it means smarter deals. When you focus on quality leads, creating irresistible value, and automating where you can, you’ll close more sales with less stress.
If you’re ready to stop chasing leads and start closing deals with ease, then you need a system that works for you. In my upcoming masterclass, I’m going to walk you through the exact steps I used to build a high six-figure real estate business while working just 15 hours a week—with only 20 leads a year.
Don’t miss this chance to transform your business. Click Here to get on the waitlist for the masterclass and learn the exact system that changed my life.
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