Posts Tagged ‘phone sales tips’

Saving Underwater Homes: How will the White House foreclosure plan affect Realtors?

Tuesday, November 1st, 2011

Republicans and Democrats are pointing fingers as to who's to blame for the nation's foreclosure crisis.

We here at Mojo Selling Solutions don’t wear our politics on our sleeves. It’s not just because our office is a harmonious blend of folks across the ideological spectrum. It’s all about the fact that the telephone sales gods don’t care if the prospect is Democrat, Republican, or Independent.

Nevertheless, we can’t ignore what happens at the White House or Capitol Hill. With the housing market so critical to our economy, every minor burp from Washington matters.

President Barack Obama just announced new changes in the mortgage refinance laws aimed at helping struggling homeowners get more affordable interest rates even if they are underwater borrowers.

The President revealed his plans in a speech in Nevada, one of the most badly bruised states in the recession. An estimated one out of every 118 homes there filed for foreclosure in September. On a pure humanity level, foreclosures ruin lives and dreams. On a Machiavellian level, they ruin neighbors’ property levels.

And on a macroeconomic level, foreclosures hurt America because people without homes or jobs not only can’t buy things, they are also more likely to turn to desperate measures.

Federal changes to the Home Affordable Refinance Program (HARP) will now allow homeowners to borrow up to 125 percent of their property’s value at a lower interest rate — instantly saving them thousands each year. HARP was supposed to expire in mid-2012, but it will be extended until the last day of 2013.

What do you think of the changes to the HARP program?

The Los Angeles Times reports that the current momentum of foreclosures will be tough to slow down.

Consider:

“In the three months that ended Sept. 30, notices of default, the first formal step in the foreclosure process, jumped nearly 26% from the previous quarter, according to DataQuick, a San Diego real estate information service.

Additionally, a likely national settlement over complaints about banks filing faulty paperwork to take back homes should clear the way for an additional 400,000 foreclosures in coming months, according to Moody’s Analytics, an economics research firm.

Moody’s predicts that foreclosures will rise next year to a record 1.5 million, or a hefty 30% of all sales of previously owned homes.”

Meanwhile, President Obama’s critics charge that his sudden interest in Nevada stems from his election strategy for 2012. Glenn Cook, a conservative Las Vegas Review-Journal columnist, dismissed the new plan as “more taxpayer-backed swag.”

Nonsense, says the Philadelphia Inquirer, it’s better to do something than nothing and rescued homeowners would potentially save $2,500 a year — affecting up to 2 million American families. Those numbers translate to an increase of between $2.5 billion to $7.5 billion in consumer spending each year, the newspaper claims.

So who’s right?

You tell us.  We’re not interested in hearing political rants of any persuasion.

Candidly tell us what really matters. How does the foreclosure rate impact the short-term and long-term real estate market in your community?

(Real estate, insurance and mortgage professionals depend on Mojo for productivity-boosting solutions. Mojo’s Triple Line Power Dialer allows you to contact up to 300 Expired, FSBO and Just Listed/Just Sold leads per hour.)

Realtor Prospecting Experiment: What does a successful home office SOUND like?

Tuesday, September 6th, 2011

Thriving Office — Can a sound effects CD help boost your confidence on cold calls?

Gotta love America — where else would a guy with a tape recorder and a silly idea become a cult recording star to home-based business people?

Until the picture phone catches on in the mainstream — and I don’t think it will to the extent of “The Jetsons” — the sales call can be a deceptive exercise. You can be sitting at home in your underwear or sitting in your car surrounded by fast food wrappers and the prospect on the other end pictures you in a bustling room of activity.

That is, until they hear the muffled loud speaker from the drive-thru window or your next-door neighbor’s obnoxious lawn mower.

San Francisco marketing executive Bill Freund introduced the “Thriving Office” CD soundtrack a few years ago to help home-based phone sales reps create the illusion that they are in the midst of busy cubicles with no dirty laundry strewn across the floor.

The sound effects album contains two 39-minute tracks — “Busy” and “Very Busy” — which includes soft co-worker background chatter, feverish computer typing, walking down the hall, ringing phones, shuffling paper and the rhythmic jazz of file cabinets being opened and shut.

Freund, who came up with the idea while he was a student at Harvard Business School, told Businessweek that he edited the office sounds together “like a symphony.” He describes the end result of background noise “controlled chaos.”

Although the original intent was to boost the impression of credibility to the person on the other end of the phone, Freund says many of his customers report an increase in work productivity once they get in the mood of a typical office setting.

“Thriving Office” got a thumbs up from Realtor Magazine, which wrote “When customers call, have your home office project the image of an established, successful company.” And the CD claims users who work for major insurance companies like Prudential and New York Life and real estate powerhouses  like Cushman & Wakefield, Re/Max, Century 21, Coldwell Banker and Keller Williams.

What do you think?  Can your call reluctance can be conquered with a little help from some ghost co-workers in the background?  What about white noise in general — are you more prone to get things done with the harmonious sounds of waterfalls or thunderstorms streaming out your computer?

The San Francisco Chronicle jokingly suggests creating a Dysfunctional Office CD, in which a hyperactive boss screams at you to stop reading blogs like this one and start making some more sales!

Luckily, you’re your own boss and there’s no one to yell at you but yourself. But as far as work productivity goes, Mojo’s Triple Line Power Dialer has you covered.  Three times as many prospecting calls — up to 250 an hour — than traditional autodialers.

And if you happen to be playing your office soundtrack on your car stereo, Mobile Mojo‘s got you covered, too.  The client will have no idea you are waiting for another appointment to show up or dropping your kids off at school. Mojo’s always with you!

(Got a great working-at-home productivity tip?  Share it with us at tips@mojosells.com)

Mojo Agent Spotlight: Oregon’s Andrew Beach embraces the Goddess of Commerce

Thursday, July 7th, 2011
Top producer mojo dialer

Mojo auto-dialing and lead management software helps real estate agents like Andrew Beach make up to 300 prospecting calls an hour to their Expired, FSBO, SOI and just listed/just sold leads.

LOOK WHO’S GOT MOJO!

Agent: Andrew Beach
Business: Listed2Sold Team at Prudential NW Properties
Location: Portland, Oregon
Website: Listed2Sold.com

Recent Dream Piece of Real Estate: “Ten acre scenic property on Bald Peak with mountain views, a total fixer-upper that was awesome to watch be restored and made new again.”

Recent Bust: “I had a total fixer, on a busy street, with no foundation, one bedroom, siding falling off, repaired siding with roofing shingles, commercial site next door with old tires, semi trailers, and debris everywhere.  Wow, that one I had to give back to the owner as they would have had to cut the price in half.”

Job Satisfaction: “I love exceeding client expectations on sale price and time on the market.  There’s nothing better than creating a satisfied customer.”

Andrew’s sales territory is gorgeous Northwest Oregon and Southwest Washington, a region defined by mountains, farms and a commitment to the arts. The cosmopolitan city of Portland, which was originally founded as a trading post in the Old West, is symbolized by Portlandia, the Neptune-like “Goddess of Commerce.”

A giant copper statue of Portlandia, sculpted with the same hammering technique used to create the Statue of Liberty, sits at the entrance of the downtown Portland Municipal Services Building (City Hall).

Top producer mojo dialer

Portlandia, the Goddess of Commerce, smiles on the real estate industry.

You might think of Mojo as a modern trading post for real estate prospecting.

Andrew,  a top producer in his market, definitely does. He found out about our Triple Line Power Dialer and lead management system from Washington power agent Don Leske, who recommended it as a replacement for a competing product that went out of business with no warning.

“My sales philosophy is to do more than anyone expects,” he says. “That means that I’m not just out for a sale/transaction and a paycheck. I want to create a continual revenue stream of referrals from clients who have had an exceptional experience with me.”

“Mojo makes me way more efficient on the calls that I would normally make manually,” says Andrew, based on 18 months of results. “It keeps me focused for short periods of time to get the same results in half the time.”

“I love when I get a wrong number or make an unexpected connection because of the value represented by Mojo’s service,” he adds.  “One time I was waiting near a house for a client to show up.  I decided to pull up Mojo Mobile on my iPod Touch and made four contacts in 10 minutes and added one person to my sphere that is now going to send me leads.”

Andrew recommends the Mojo system for every real estate agent wishing to become more productive — with one notable exception.  He “selfishly” wishes that competing real estate agents in the Pacific Northwest never find out about it.

“Get Mojo immediately and try it out,” he advises.  “It’s money back if you don’t like it or won’t use it.  Once you have it you’ll be hooked!”

Insurance Prospect Confessional: I WANT your sales calls!

Friday, June 24th, 2011
Tone is Everything: Mojo Dialer and lead management software helps you sort the No's from the potentially lucrative Maybes!

Tone is Everything: Mojo power dialers and lead management software help you sort the No’s from the potentially lucrative Maybes!

If you’ve been doing phone sales for more than a day, odds are high that you have heard every possible excuse to get you off the phone as soon as possible:

“How DARE you call during ‘American Idol!’”

“How dare YOU call during my mid-morning snack!”

“How dare you CALL during the Super Bowl!”

Or…

“Would love to talk more about annuities, but my daughter’s dance recital starts in three minutes!”

“Can you try me back in a few weeks?  I’m washing my hair right now.”

“I’m in the middle of sorting my baseball cards and Silly Bands. You caught me at a bad time!”

Well, timing is everything — DON’T call during the Super Bowl or Christmas or Thanksgiving (even if you have nothing else to do). But conversational tone means a lot, too.  Very soon the Mojo dialer will be adding a “temperature” feature for you to label each cold or warm lead with a flame icon indicating their mood and attitude the last time you called.

Why is this important?  Because HOW a customer says No or Maybe is often more important than the words themselves.

I know this is true and let me testify why from the perspective of an insurance policy customer. I despise my current home insurance company. Their rates are outrageous and they are still punishing me for a tiny stove fire that caused some minor smoke damage in my kitchen a few years ago.

About six months ago, a sales agent from Company B called me up and told me that they didn’t care about the burnt pasta pot and that it is time I stop being raked over the coals for it. They gave me a quote that would reduce my annual homeowner’s policy from $1,200 to about $800 annually.  I checked the company’s references and it looks like they aren’t selling policies out of the back of a van. They have their name on a major sports stadium.

But in order to save that money, I would have to switch over my car insurance policy, too.  I told the sales rep to call me back in a few weeks because I really was happy with my car insurance even though she could beat that quote, too.

Since that initial call, Company B has politely followed up three times — and due to some inexplicable sense of inertia, I told the sales agent that I wasn’t ready to make a move yet. But as I’m typing these words, I’m embarrassed. It is obviously in my best interest to switch insurance carriers, and only laziness has prevented me from doing so. Now, I’m going to call her back.

A quick sales lesson from my ridiculous experience: If customers don’t want you to call them and open their eyes to advantageous opportunities, they won’t be bashful about lecturing you.  But if you don’t hear a hard “No,” you should keep calling back according to your sales action plan (sign up for our Facebook or Twitter feeds to learn how Mojo’s lead management software will soon help you STICK to your action plans).

John Petrowski, president of the Independent Health Insurance Agent Association (IHIAA), recently told Mojo that fear of being rejected or yelled at (“call reluctance”) is the number one reason why sales people fail.

“I can count on one hand the number of people who got upset at me,” says Petrowski.

That’s because many people have internalized the stereotype of the telemarketer who won’t take no for an answer, the caller who goes on and on with his sales pitch. Don’t be that person. If a prospect says they are not interested, take the hint and move on.

“You don’t get anyone mad with a ‘Have a Nice Day,’” he says.

The impact of “Call Reluctance” is so powerful that some psychologists have gone as far as calling it a “social disease.”

Sticking with the medical jargon, I’d say it is a disease closer to hypochondria. With a positive attitude, the frequency of rude responses you’ll get will be minimal.  Because the reality is that MANY people really do want to hear from you even if they seem rushed or harried.

Now if you’ll excuse me, I have a phone call to make….

Howdy Neighbor: Leveraging the Mojo Dialer and Lead Store for Killer Just Listed Just Sold Prospecting

Friday, May 6th, 2011

mojo dialerTwo of the most powerful pitches any real estate agent can make are the Just Listed and Just Sold calls.

When you present someone with the opportunity to “pick their own neighbor” because you’ve just listed a property next door, down the street, or around the corner, it’s a proposition too good for most people to ignore. When you follow up “I just listed the Jones’s house,” with “Do you know anyone looking to buy a home in this neighborhood? Would you like to pick your own neighbor” you have everyone’s attention.

Similarly, nothing sells like success, especially local, close-to-home real estate success. So, calling a prospect and telling them “I just sold the Smith’s house down the street—and I got 90 percent of the asking price—is music, and money, to a prospective home seller’s ears and the Mojo Dialer with Lead Store makes this a reality for Real Estate agents all over North America.

The new Free Form Plotting Search give you complete control over your farm

But, without the right tools like the Mojo Dialer, the number #1  Triple Line Dialer available to Real Estate agents and access to the right data, calling into a neighborhood can be daunting task. That’s why Mojo developed, then perfected, The Lead Store with Neighborhood Search. For a one-time $199 fee, you not only get access to all the publicly listed White Pages and Yellow Pages telephone directory data in the U.S. and Canada, you can hone in on any neighborhood you choose.

The Lead Store with Neighborhood Search plugs right into your Mojo application and you can instantly find the phone numbers within a ½ mile radius of any Just Listed or Just Sold property you choose. Better still, for homes in the U.S., you can free-form plot any customized zone you want.

Is there a several block area of apartments on the fringe of your zone? Just cut it out of the search. Want to search the neighborhood by business code or some other customized cross-cut version of the data? Tell The Lead Store with Neighborhood Search and it will populate Mojo with all the numbers instantly.

In real estate sales, there’s no such thing as too much information; there’s only too much information and too few ways to access it. With Mojo and The Lead Store with Neighborhood Search, that’s no longer an obstacle to breaking your own personal best sales records with Just Listed and Just Sold calls. Now, if we could just come up with a way to let people pick their own relatives…

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