Generating new commercial real estate leads to stop cold calling every day can be a difficult roadblock for any broker. After exhausting more straightforward lead generation avenues, such as client referrals and social media, you have to dig deep, be innovative, and find potential tenants and buyers where other brokers aren’t looking.
Author: digsyaiteam (page 6 of 11)
Commercial real estate brokers often find that getting in front of prospects is their number one problem. Agents and salespeople are typically better in person, but if the prospect won’t book a meeting or answer your calls, you’re stuck using phone and email. There has to be something better, right? Well, it turns out you can reach your prospects more effectively with video email.
What is video email? According to BombBomb.com, by simply sending a video of yourself in an email to your prospect, you’ll quickly be on your way to gaining more commercial real estate deals. BombBomb users get 81% more replies from prospects, 68% more lead conversions and 56% of their users even get more referrals, just from sending quick videos within their emails!
Any commercial real estate broker can benefit from a CRM software solution that ensures a more efficiently run business. Commercial real estate CRM software manages interactions with clients, prospects, and tenants.
In the hands of a dedicated broker, a CRM system is a powerful tool. It provides the ability to automate important components of the follow up process, efficiently manage your contacts and maximize opportunity by scoring leads.
A good commercial real estate CRM leads to improved pipeline management, better collaboration, accountability, and back office management.
Based on their features, here is our list of the best CRMs for commercial real estate:
All salespeople and commercial real estate brokers know that follow ups are an essential part of the sales process in any industry. Follow-up leads to more commissions. But sometimes it can be difficult to remember when to follow-up with prospects. Especially when 80% of sales happen after you follow-up 5-12 times with a prospect and have so many other things to get done every day.
With Digsy AI, it’s easy to schedule follow ups, get sales follow-up reminders and follow-up with a few taps/clicks. Digsy AI sends you a daily email with your scheduled follow-up tasks for the day and crush those follow-up calls and emails with just a few taps/clicks. Digsy AI will even record the follow-up data to your account automatically so can save hundreds of hours and always know where you left off with any prospect.
Finding hot sales leads looking for commercial real estate can be a hard task for any salesperson. There are many options available to you such as social media engagement, cold calling and referrals. Another way to find hot sales leads looking for commercial real estate is by looking in your own email list.
If you are in sales, you know that generating new sales leads can be difficult. So, what options are available to you to generate sales leads? And how do you know if the prospects you’ve found are actually looking for your products or services?
Whatever industry you are in, and no matter what product or service you offer, we’ve found that the best way to consistently cultivate sales leads is through referrals!
I’m sure you’ve asked your friends and family for referrals already, but that is just scratching the surface of referral marketing.
In this video, Andrew Bermudez, Co-founder and CEO of Digsy AI, discusses the various ways to build and use your referral network to your advantage.
In the past 24 months and after studying over 2,000 commercial real estate deals, we at Digsy, have acquired and analyzed hundreds of thousands of data sets that reveal quite a lot about how CRE deal close rate. The gems in the data that we’ve found is that taking certain actions during the deal process can help double or quadruple the probability of closing a deal.
We’ve also found that a deal’s closing probability decreases exponentially if a client spends more than 21 days in the same status without moving to the next. This is especially true if the deal has not moved from the very first stage of reviewing a shortlist of properties that a commercial real estate agent has sent them.
Our statistics show some alarming differences in the closing likelihood as the deal moves through various stages.
Fullerton, California: Digsy AI, the commercial real estate CRM, sales productivity software, & analytics platform for CRE & B2B sales teams is at it again. In May, the company introduced native email sync, contact importing and email templates to help brokers save significant time following-up and automatically keeping track of email communications to-and-from prospects. They are now making it possible for brokers to save time calling and logging phone activities with contacts.
On average, a team of 50 sales reps leaves 1,277 hours of voicemail every month. That comes out to around 15% of your time being spent simply leaving voicemails for prospects with an average response rate of only 4.8%.
In order to get more responses, you should know how to leave a sales voicemail that works for you and follow-up with an email right away.
Following up seems simple and obvious, but are you doing it?
44% of the sales force only calls a prospect once and then gives up. Only 10% of all salespeople make 5 or more contacts with the same prospect. The reality is that 80% of all sales occur between the 5th and 12th contact with a prospect.
This means you could be making a lot more sales if you could get more prospects to respond to your cold calls without having to make 5 calls or more. So how do we do this?
Email is one of the preferred communication channels of our time. Need proof? Well, studies show that the average working professional receives 121 emails a day.
Cold emails for sales are also among the most effective methods for business growth. Email marketing has 2x higher ROI than networking, cold calls, or even trade shows, according to Marketing Sherpa.
So, it follows that the first impression created by the subject line will determine if the prospect will open the cold call email to read its content or discard it.
A recent survey by MailChimp revealed that a subject line with 28-39 characters had the highest click rate in a study of 200 million emails, thus emphasizing the need to create attractive and precise subject lines.