Lead generation, response time, and contacting prospects...there's valuable data out there about this that agents often ignore. đ
But here's the thing: the data speaks for itself. Harvard Business Review's three-year study on lead generation, response rates, and success rates provides insights that can improve your business.
Let's break down the key points:
1ď¸âŁ Best time to reach out: 8-11 am and 3-6 pm. Surprising, right? Avoid the 1-2 pm slump, where response rates are lowest. Schedule your calls strategically during high-activity periods to increase your chances of connecting with potential clients.
2ď¸âŁ Ideal days to reach out: Wednesday and Thursday. Block your time and make the most of these days for setting appointments and making sales. Don't let happy hour Fridays distract you from your goals.
3ď¸âŁ Speed matters: Respond to leads promptly. Waiting just 5 minutes to call can result in a tenfold decrease in success. Follow the lead generation giants like Zillow and prioritize speed to lead.
4ď¸âŁ Persistence pays off: The average realtor follows up only 2.7 times, but it takes at least six attempts to secure a sale. Don't give up too early. Implement a consistent follow-up system with ten calls and six texts in the first 14 days.
Stop thinking you know better and start following the data. Commit to these four data-backed strategies, and watch your appointment rates soar. Get in the game, reach more people, set more appointments, and sell more houses. đđźđ°
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