If you are a Real Estate Broker looking to grow your business or improve your profitability then our free E-Book, "Secrets to Operating a Successful Real Estate Brokerage" is a must read.
In our last blog post we talked about "the forward thinking broker", those brokerages who don't rest on their past successes, but always are looking at ways to improve their companies. Today we expand on that idea, and write about some common ingredients of success we see in these forward thinking brokers.
We are certainly living in unprecedented times which call for businesses in all industries to look for ways to get through the global pandemic and be ready to succeed when the economy rebounds. By having a forward thinking mindset, real estate brokers can survive and strive amidst the toughest challenges.
It's the time of year when Real Estate companies review their technology tools and make decisions on what is needed for the new year to improve sales and productivity. Back Office Software is no exception to this rule. If you are evaluating your Back Office software and are considering a change, here are a few questions you should be asking:
Topics: Real Estate Back Office Software
Real Estate companies struggle to figure how much time they should give their agents to accept and respond to leads. Just about every new LeadTrax customer who comes on board will ask us for our advice on this topic. The simple truth is, if you get back to a lead in the shortest amount of time possible, your chances of conversion will improve.
Real estate brokers spend a lot of time and money attempting to differentiate themselves from their competition. Finding a niche in your market by cultivating an image of professionalism, superb customer service, or overall convenience for buyers or sellers are ways to stand apart in your market. With this in mind, what about implementing a rock solid strategy for online lead follow-up?
Our company philosophy has always been to be a solutions provider over a software vendor. What that philosophy entails is working closely with our clients to continuously identify ways to use data to recognize trends and catch errors before they lead to lost revenue. One of the solutions we have developed to help achieve this goal is our Profit Power Business Rule Engine. This tool is designed to look for data scenarios and alert the right employee at the right time. We’ve automated alerts for a variety of situations revolving around listings, sales, commissions, and other valuable data. The Business Rule Engine can also be used to create and send out reports to executives, managers, and agents at scheduled times eliminating the need to run reports manually.
2018 has been an exciting one for Profit Power on a variety of fronts. We continued to expand our client base, launch new solutions, and improve our Profit Power enterprise suite of products to help our customers stay ahead of their competition. We also held our fifteenth annual Profit Power Symposium, and added several new team members!
LeadTrax was developed in 2003 as a solution to help real estate brokers collect, assign, follow-up, and convert internet leads generated through various online lead sources. In fifteen years since we first launched, the real estate industry has seen a lot of changes, but the same internet lead conversion and management issues persist. However, with solid strategies and flexible software real estate companies can implement a successful lead management program for their company.