Converting High Funnel Leads (Rachel Pulliam)
š Introduction
Today Most buyers begin their home search online. For real estate agents, mastering the art of converting high-funnel online leadsāpeople who are just starting to explore the marketācan be a game-changer. This guide shares actionable strategies to help Realtors turn online leads into loyal clients.
š” Key Points
1ļøā£ Respond QuicklyāSpeed Wins the Deal
Why it matters: According to NAR, 73% of buyers interview only one agent, which means responding first often seals the deal (NAR, 2022). An MIT/InsideSales.com study found that contacting a lead within five minutes increases conversion rates by up to 100x compared to waiting 30 minutes (Oldroyd, 2007).
Example: "A recent client told me, 'Youāre the first person to call me, and Iām so grateful.' That quick response turned into a successful transaction."
2ļøā£ Personalize Your Outreach
When reaching out, clarity and personalization matter:
- Confirm their identity: "Hi is this [Name]?"
- Introduce yourself: "Iām [Agent] with Bramlett Partners. You registered on our site while looking at homes in [Area]."
- Address their needs specifically: "You're browsing homes in [Neighborhood]. How can I help you with your search?"
Example: "I always remind leads that they provided their information for a reasonābecause they were looking for help."
3ļøā£ Understand Their Motivation
Identifying a leadās āwhyā helps you tailor your approach:
- "Why are you looking in [Area]?"
- "Is proximity to schools or work important to you?"
- "Whatās your ideal timeline?"
Example: "Asking about their preferred neighborhood often opens up conversations about schools, jobs, and family plansāinsight thatās crucial for providing value."
4ļøā£ Set Up Expert Home Searches
Keep leads engaged by creating customized home searches:
- Tailor listings to their preferences.
- Engage through listing comments: "I noticed you favorited this homeāwould you like a private tour?"
Example: "Even when clients arenāt ready to buy, personalized listings keep them connected. Some leads who never returned my calls started conversations after favoriting properties I sent them."
5ļøā£ Address Common Objections with Confidence
Objection: "Iām just browsing."
Response:
"Thatās completely fine. Many of my clients start by browsing. I can help you narrow things down when youāre ready."
Example: "Validating their browsing behavior puts leads at ease and opens the door for future engagement."
6ļøā£ Stay Consistent with Follow-Ups
Time blocking is essential for consistent outreach:
- Rachel dedicates 1 hour daily, 4 days a week, to lead follow-up.
- Leverage your Follow Up Boss to automate reminders and track interactions.
Example: "Persistence pays off. Iāve had successful transactions after 7ā10 attempts to reach a leadāpersistence paired with value builds trust."
ā Best Practices for Converting High-Funnel Leads
- Be Genuine: Authenticity builds trust.
- Ask Excellent Questions: Let clients share their needs and motivations.
- Provide Real Value: Tailor your services to solve specific problems.
š« Common Mistakes to Avoid
- ā Overwhelming leads with sales pitches.
- ā Ignoring "browsers" who might buy later.
- ā Failing to follow up consistently or track engagement.
š Conclusion
Converting high-funnel leads isnāt about closing the fastestāitās about building relationships, providing value, and staying top of mind. As Rachel shares from her own experience:
"One of my favorite transactions came from a lead who told me, 'Thank you for callingāI didnāt know where to start, and you were the first person who reached out.' Thatās why consistent, personalized outreach matters."