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Lindy Hall Licensed Real Estate Agent,  Houston,  TX

Date: November 7

Chris... two guesses, for "more impt than script":
Smile? Just do it?
MJ & MB told not to participate... who's MB?

It sounds like you have a great system, but I am a bit confused as to how you are doing such a massive number of calls.... back when I did them, I did 50-100 (seldom hit near 100 calls), and thought I was doing rather good.
Your numbers are astounding.
I use Skype, too, and I'm trying to figure how you do this.... :
So you pull up a scrubbed list on REAgentdialer or mojosells... and you enter the streets or zip codes you want, and then call each one on Skype.... is the web-site integrated with Skype, to where it is a single click, or do you have to actually key in each digit?
you use a head-set?
Do you use blank paper for notes, or a pre-printed form? (May sound like a silly question, but I've found that the pre-printed form, what we use to call a "prospect sheet", would help me ask pertinent questions I might otherwise have neglected to ask.)

Lindy in Houston




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Chris Newell Licensed Real Estate Agent,  Milton

Date: November 8

<<Chris... two guesses, for "more impt than script":

Smile? Just do it?
MJ & MB told not to participate... who's MB?

It sounds like you have a great system, but I am a bit confused as to how you are doing such a massive number of calls.... back when I did them, I did 50-100 (seldom hit near 100 calls), and thought I was doing rather good.
Your numbers are astounding.
I use Skype, too, and I'm trying to figure how you do this.... :
So you pull up a scrubbed list on REAgentdialer or mojosells... and you enter the streets or zip codes you want, and then call each one on Skype.... is the web-site integrated with Skype, to where it is a single click, or do you have to actually key in each digit?
you use a head-set?
Do you use blank paper for notes, or a pre-printed form? (May sound like a silly question, but I've found that the pre-printed form, what we use to call a "prospect sheet", would help me ask pertinent questions I might otherwise have neglected to ask.)

Lindy in Houston

>>
Hey Lindy,
 
Nope - neither of those are the correct response, although they are both pretty darned important.
 
Here's how it works, with REAgentDialer.com, as an example. Here in Ontario, every brokerage is required, by law, to subscribe to a service that provides scrubbed-against-DNC phone look-up. The company my office uses provided many things as part of the package, however, I just use the scrubbing service. It is not legal for them to allow us to export the lists of numbers, so we have to do a work-around.
 
I enter the street name, zip/postal code and the program pulls up every number on the street. I tell it to scrub the list, then copy and paste the numbers into Excel and save as a CSV file. I then import that file into REAgentDialer.com and save it with some kind of category.
 
When I'm ready to make my calls, I choose the category I want to call, then I call into REAgentDialer.com on my Skype (yes, I use a good Logitech USB headset that cost me about $70Cdn, or $105US). Once I'm connected into REAgentDialer.com, I just click 'Start Dial Session' and off it goes.
 
What happens next is up to me - I can choose to set the system to let the phone ring until a person or vm picks up, up to 25 rings; I can choose to have it try up to about 10 rings for a live or vm response, or I can have it let the phone ring a maximum of 4 times before hanging up and moving on to the next number.
 
Let's say a live person picks up, I just start speaking, and then I can enter my notes directly into the basic CRM feature of the program, or I can handwrite. Once the conversation is over, I can label the person as HOT, Do Not Call, etc. then click continue and it moves on.
 
However, and this is cool, if a VM picks up, I click on 'Leave Voicemail' and it leaves the voicemail I called into the system and recorded (or uploaded as mp3). The awesome part is that the instant the system recognizes a voicemail system is picking up, a box lights up on my screen that says 'Leave Voicemail', I click it and while the system is dialing the next number for me, it is also listening to the outgoing vm, then leaving my vm.
 
BUTTTTTTTT, here's a change I made this past week . . .
 
I am now using the system on the 'wait for 4 rings only before auto-dialing the next number' mode if I am doing pure cold-calling. I'm finding that if I don't leave a message, about 15% of people are calling me back at the Caller ID # that is displayed on their phone, and I get to engage them and THEY CALLED ME. When I was leaving voicemails, 5% call-back was exceptional. So, leaving no messages allows me to burn through numbers faster, only speaking to people who answer in 4 rings or call me back.
 
As to blank paper or pre-printed, I use a spiral bound student notebook and scribble highlights in it then enter into Agent Office when I'm done calling. I used to use pre-print forms, but found that, like so many scripts and as MJ said, the people on the other end never learned their side of things, so I found it very confusing. IF I were not as confident in my ability to remember what to ask, and my ability to recall what they said to me, I might find a form helpful.
 
The biggest challenge for me, still, and something I'm actively working on, is not sounding so surprised when they respond to 'Do you wanna sell your house?' with a resounding YES!
 
Real Estate trainers always teach us how to handle objections (aka buying signals), but they rarely put 1/10th of the effort into teaching us how to handle positive responses. I am changing that tomorrow, as part of my Scripts class.
 
Just as an afterthought, when I first re-started cold-calling this year, I had to weight-train to pick up that 5,000 pound telephone, and I celebrated even making one dial, even though I hung up before they had a chance to answer. My palms were sweating, my pulse flew up to about 300bpm, and I was literally shaking I was so scared! Stoopid, eh?
 
It had only been about 18 months since I'd stopped doing 3 hours a day of hard-core dialing, but that was long enough for the crippling fear to re-install itself in me.
 
Now, I don't even get to take a break until I've done 100 dials (it was every 50 dials), and if I can keep my pace going, I intend to get to a consistent minimum of 300 cold dials a day plus 100 follow-up and database dials a day, for a weekly total of 2,000 dials.
 
BTW, I have a friend who, on his own, is doing 750 dials A DAY, 6 DAYS A WEEK. He's using technology to it's best advantage.
 
http://REAgentDialer.com has a free 15-day trial (sign up for the unlimited minutes) - folks who are thinking of cold-calling should go there and watch the demo, and then sign up for the trial. If you have questions about anything to do with cold-calling, you can feel free to email me off list - I'd say call me, but there's not much point given my teaching / coaching / real estate / kids sports schedules.
 
Just a note - there are 12 different types of prospecting fear that people can be categorized under, according to research I've recently read. The #1 fear of Realtors when it comes to prospecting? Telephone Terror!
 
Again, if you want info on overcoming any of your prospecting fears, e me off-list.
 
And, in a final read before hitting send, this occurred to me in answer to Lindy's question of how I can do such a massive number of dials - I think it is probably partly because I am absolutely determined to do a big number of dials, and I am not in the least bit interested in anything other than the person who answers their phone and says 'yes', or 'not yet'. If they don't say one of those 2 things, I'm off the phone and on to the next phone so fast I leave a trail of dust swirling behind me like 'Meep Meep' being chased by Wylie Coyote. I am VERY focused on what I want on the phone, with the promise that NOTHING is going to derail me from that.
 
Newell
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Tom Norwood Licensed Real Estate Broker,  Foley,  AL

Date: November 10

I have a question for you are you on a do not call list at your home?
Tom Norwood, Broker/President
Tom Norwood Realty & Associates, Inc.
12605 Westbrook Road
Foley, Alabama 36535
tomnorwoodinc@gulftel.com
www.tomnorwoodinc.com
251-943-5600 office
251-979-7000 cell
251-955-2278 fax
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Christopher Cassidy Licensed Real Estate Agent,  Medford,  MA

Date: November 10

I have to say, I've enjoyed this thread. I appreciate the time both Mark and Chris put into explaining/defending their positions on cold calling.

For me, I only cold call FSBOS and the 3%-5% of Expireds that aren't on the DNC in my area, as pulled by RedX. As I've explained, I don't look at those calls as true absolute "cold" calls, because they are Expireds/FSBOs, but I concede Mr Jay's points on the issue. I do have some killer scripts thanks to my coach for handling Expireds, and an absolutely awesome FSBO system from him as well (actually, from one of his other coaching clients).

While I appreciate Mr Newell's enthusiasm and determination, I honestly feel it's somewhat misplaced. I'd rather have good lead generation systems in place that deliver "warm" leads to me ("passive" leads, to use Mark's verbiage), and then call those. As I've said, in a typical month, I get 30 or so people to give me their contact info through my direct-response websites, conservatively there's 2-5 FSBOs and Expireds each in my area per day with RedX, and I'm getting 3-5 calls a day on my Proquest line. That's a conservative 200-300 leads per month that IMO, I have a much greater chance of converting to a face-to-face appointment than I would the people I'd be otherwise cold-calling, and all with much less time spent on my part, which leaves me more time with my family.

Having said that, we all have different temperments, and different needs, and different ways of generating our business. The goal is to embrace the right lead-generation methods that give us the right amount of income while helping us to achieve the proper balance in our lives between work and play. And for me, cold-calling is at the very bottom of that list of methods.

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Mark Jay Information Technology,  Brookfield,  WI

Date: November 11

Tom Norwood asks:

I have a question for you. Are you on a do-not-call-list at your home?

Mark Jay answers:

I operate with a Verizon Cell Phone…. I also use a Verizon "air card" to connect to the Internet, so I'm completely wireless…. but that's a different thread.

I'm not on any DNC list. Telemarketers call me, but I can't say that I've EVER bought anything by way of an unsolicited phone call. Sometimes I listen to what they say. Some telemarketers are "tricky"… especially real estate lead sellers… and leave a message deceptive enough to actually get ME to call back. When their motive becomes apparent I simply mumble "… not interested in that"… or "that's not how I operate" and hang up. I just got a call from Homes.com last Friday and actually spent an hour going over their 'get in front of your computer' deceptive presentation … just to see what they're up to now. And the woman I had was both pretty good by their misguided cold calling methods and for that same reason completely ineffective. But I can certainly see how Homes.com can get business with their techniques. I spent an hour with her… which prevented her from engaging with others who she MAY have converted… and reinforced my belief in how cold calls should NOT be conducted.

When I get a telemarketing call and I don't want to engage I use the following script. It takes 3 seconds to deliver… and I MEAN exactly 3 seconds, I just timed myself. Here's the script…

"I'm not interested" and then I hang up. Sometimes a particularly amateur cold caller will immediately call back. I've got a slightly different script for THAT situation… "…STILL not interested" followed by 'click and dial tone'.

The accomplished and emotionally well adjusted and task acclimated cold call monster appreciates and is thankful to people who are not interested quickly hanging up. It allows you to get to the next caller who MAY engage. Here's more… the accomplished cold caller actually hangs up on hostile, aggressive or time wasting targets himself and follows-up by deleting those targets from his list so he doesn't call them again. The idea behind cold calling is to get targets to first acclimate to hearing from you and then pick YOU to engage with leading to a listing appointment. … what happens then is another thread…. You're cold calling simply to get listing appointments with people you think you can do business with. Then face to face at a listing appointment you further qualify… but again… that's a different thread.

The short version? It's only fair play for a salesperson to NOT be on a DNC list and what's more it's important for a salesperson to subject himself to what other salespeople are doing.

WAIT! Before I hit return… I just remembered. I DO buy things as a result of cold calling. The car service center I use cold calls me from time to time to sell me a tire rotation or oil change or other scheduled maintenance on my vehicle and I DO take them up from time to time. I also got a cold call from a lawn service I've used in the past and bought… AND referred them to someone else… but then these calls weren't exactly "cold" in that I did past business with them.

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Date: November 13

RE: Do Not Call - Cold Calling IDFFTGVXA

I am not on the Do Not Call List. I don't see how I can be if I call expireds on the phone. Anyone who uses the phone to solicit business and is on the Do Not Call List is a hypocrite.

When AARP called me to join, I refused, citing them as a driving force behind Do Not Call. Maybe that's something for others to consider, too.

Our cable system (Comcast) has a neat feature where I can see who's calling me on the bottom of my TV screen and I may choose to answer or not. That's better than Do Not Call.

The calls I receive, whether I'm just sitting down to eat after a long day, or running from the bathroom wrapped in a towel and dripping water on the floor, are a nuisance. But I'd rather deal with them than be a hypocrite.

Down with Do Not Call.

Rick Xander Jr., e-PRO, SRES
Coldwell Banker Real Estate Services
(412) 264-8300, Ext. 227
info@rickxanderonline.com
www.rickxanderonline.com

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Randy Hollister Licensed Real Estate Broker,  Pawleys Island,  SC

Date: November 13

Rich Xander says:

Anyone who uses the phone to solicit business and is on the Do Not Call List is a hypocrite.

I don't see the hypocrisy, Rich.

Just because an agent has expressed a personal preference for not receiving telephone solicitations and placed his number on the do-not-call registry does not make him/her a hypocrite for calling people who do not feel the same way.

Now, if that agent is calling people who have expressed a similar desire not to be called (by putting their number on the registry), then I could see a claim of hypocrisy.

Rich, if you personally don't believe FSBO provides the best value to a Seller, would you be a hypocrite for accepting a commission because you provided a buyer to one? Of course not.

Randy Hollister, CRB, ePRO
Do Not Call Sentry LLC

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