Why Should I List with You? How to Demonstrate Your Value Using the New Weichert Listing Presentation The Objectives of Today’s Workshop Review key sales techniques that will help you tell your value story and present an effective marketing plan. Explore how using the key sales techniques and the new marketing plan will help you secure more business. Practice delivering the Weichert Listing Presentation and applying the key sales techniques. What are the objectives of the Weichert Listing Process? Get to know the client. Get to know the home. Explain the customized marketing plan for the home. Share the value of you and Weichert! Discuss and agree on price. Secure the listing. Examining our Full Sales Process Why do we do Getting to Know You versus getting to the Listing agreement? Why do we do a customized Listing Presentation versus a canned proposal? Why do we do a Price Trend Analysis versus pulling comps or doing a “CMA?” The Weichert Sales Process The value story for working with YOU and Weichert is embedded within our sales process. It allows you to: – Personally, emotionally connect with your client – Build trust – Demonstrate your value – Show how you’re DIFFERENT – Show why you’re worth it Demonstrate Your Value FIRST Proving your worth is as easy as 1, 2, 3: Step 1: Get to Know Your Sellers and their Home Step 2: Share the Weichert Value Story (use the customized marketing plan) Step 3: Present the Price Trend Analysis First Things First Which is typically perceived as a better service model? A. Standard and Generic B. Personalized and Customized The correct answer is B Step 1: Getting to Know You and Your Home Sellers Think: Do I like you? Do I trust you? You’re using the “Getting to Know You” tool to: Build rapport Demonstrate your professionalism Show sincere interest in the sellers Learn about the sellers and their home Separate yourself from the competition First Visit: Getting to Know You and Your Home 1. Establish rapport 2. Take the lead and set the agenda 3. Uncover needs and priorities 4. Get to know the home 5. Close and confirm 2nd appointment • Distribute and review the Getting Know You Checklist • Play video segment #1 Getting to Know You and Your Home What did you see Ann do well? What would you do differently? Which steps did she follow? How is the first step critical to the Weichert Listing Process? Second Visit: Share the Weichert Value Story Sellers Think: Are you competent? Can you represent me? Can you bring me buyers? Will you work hard for me? You’re using the Weichert Listing Presentation to: Demonstrate value Show you have a plan Express your commitment Gain their confidence The Weichert Difference . . . Six Distinct Advantages Second Visit: The Listing Presentation 1. Continue to build the relationship 2. Open and preparation 3. Uncover needs and engage the client 4. Provide value and service 5. Close • Distribute and review the Weichert Listing Presentation Checklist • Show video segment #2 The Weichert Listing Presentation What did you see Ann do well? What would you do differently? Which steps did she follow? Did Ann demonstrate the value of working with her and Weichert? Refresher of Key Sales Techniques Value Statements Differentiate Yourself Engage the Seller Defer Technique Closing and Getting to Yes These skills are critical to presenting an effective marketing plan and securing the business. “Mr. and Mrs. Seller, did you know that Weichert.com receives over 100,000 hits per day?” Mr. and Mrs. Seller are probably thinking “So what.” Refresher Create Value Statements Statements that contain a feature or fact Statements that contain a benefit or meaning to the client Do you remember Use bridges to connect the two any value – This means that . . . statements that Ann used? – What this means for you is . . . – With this you get . . . – Because of this, you will be able to . . . Example Value Statement Feature Bridge When buyers search This means . . . online, we have the ability to directly connect them to a sales associate like me. Benefit Our response time to interested buyers is minutes compared to days, getting more buyers previewing your property sooner. “Mr. and Mrs. Seller, you should list your home with me.” Mr. and Mrs. Seller are probably thinking “Why should I?” How Can You Differentiate Yourself ? When your clients view YOU as being: Unique Knowledgeable Thoughtful Organized Professional You gain their trust and build rapport. Sales Technique: Differentiate Yourself How you position the information changes everything: – “I’ve prepared a customized Marketing Plan for you.” – “Weichert Lead Network is an exclusive system we’ve developed . . .” – “Our Price trend Analysis is unique in the industry. Let me show you . . .” – “At Weichert we do things differently. Here’s something you may find of interest . . .” Who here has ever been the recipient of a canned presentation or scripted telephone call? How did that feel? Sales Technique – Engage! Ask the sellers questions to engage and involve them in the selling process. They will often sell themselves. Bring the seller’s wants and needs into the value story – find ways to personalize the story to reflect what they’re looking for. Ask. Listen. Summarize. Examples of the Engage Technique “You told me that ___ was important to you, right? Here’s where we address this.” “What’s most important to you in this move you’re making?” “Does it surprise you to know that the NY Times online subscriptions outnumber the print subscriptions?” So if I told you that following the process covered in class today would guarantee your ability to secure every listing at full commission, would you be interested? Sales Technique – Getting to Yes! “Is this a service you would want?” “Would you find this of value?” “Does this work for you?” “Is this helpful?” Do you remember any examples that Ann used? What do you do/say when… The seller keeps asking about price and commission? Sales Technique: Defer Seller: “Before you come over, I just want you to know that Brand X will do it for 5% so if you’re higher, don’t bother.” You: “I understand. We can discuss that when we meet on Thursday. We’re set for 4 o’clock, right?” Why is the Value Story so Critical? You distinguish yourself from the competition. (The competition WANTS to be the same so the only difference becomes commission.) Helps you overcome the brokerage fee issue. Seller knows what to expect because you share EVERYTHING you’ll do to sell their home. Sell Value FIRST. Defer the commission conversation so you can share the full Value Story. A New Marketing Plan The NEW listing presentation/marketing plan contains more focus on the internet as a primary marketing vehicle. More emphasis on a multi-pronged strategy to attract the most buyers to the seller’s property. Let’s review a few key pages . . . Eliminate the Yellow Fade Reduce emphasis on Print Advertising Create cleaner, bolder “look” Eliminate the Yellow Fade 80% of buyers start their search on line. Does it surprise you to know that 5 times more buyers find the home they purchase online than in newspapers? These are serious buyers . . . 3 of every 4 online shoppers see at least one home in person. Weichert’s internet marketing strategy ensures more buyers see your beautiful home. We’ll create more traffic to your listing. Have you used or heard of any of these search engines? Google, Yahoo!, AOL, Netscape, AltaVista? We’re also on these well-respected web sites. I will use highly visible real estate web sites, including weichert.com, to expose your home to millions of potential buyers. Customized based on regional syndication partners. Quick searches and maps lead potential buyers to your listing. Automatic eMails sent to potential buyers. Our exclusive Weichert Valet helps buyers save and manage their search results. No one does more to present your home to the right online buyers. No other real estate company wins over online shoppers by speaking to them directly. Unique contact center staffed with professionals to qualify leads. All qualified buyers are instantly connected to a local Sales Associate like me. “Our Presence” - Aligns how buyers find their home with Weichert’s Strategy Internet Local Marketing Open Houses The Weichert Name/ Weichert Associates Only Weichert does so much to leverage each of the best sources of buyers for your home. Weichert Gold Services • Personalized Service 7 days a week • Quick Buyer Pre-Approvals • Moving Consultation/Services and Utility Connections • Bridge Loan Financing • Title/Settlement Services • Homeowners Insurance To help ensure a smooth closing for you, we can pre-screen potential buyers at no cost to certify they can purchase your home. Listing Presentation Skills Practice 1. 2. 3. Each will take a turn to role-play the part of the Sales Associate, Seller, and Observer Sales Associate will deliver the Listing Presentation applying the 5 step process and the key sales techniques to share the Weichert Value Story Observer should take specific notes on the Weichert Listing Presentation Checklist • Distribute and review the Weichert Listing Presentation Checklist See next slide for more instructions… Skills Practice Breakout Instructions Break into groups of three and assign each person a number between 1-3 You will have 20 minutes per round, including 5 minutes to give feedback using the checklist Assigned Number #1 #2 #3 Round 1 Sales Associate Observer Seller Round 2 Round 3 Seller Observer Sales Associate Observer Seller Sales Associate See next slide for more instructions… Skills Practice Feedback Session Observer conducts a feedback discussion: 1. Have the Sales Associate state… - 2. Have the Seller give feedback next - 3. What they think the Sales Associate did well What they would recommend they change next time Observer gives feedback based on their notes from the feedback form - 4. What they did well What they would change next time Be very specific Observer gives the feedback form to the Sales Associate Skills Practice Debrief What worked well? What would you focus on for next time? What specific steps in the process did you find particularly helpful? What specific sales techniques did you find particularly helpful? What specific pages did you find particularly helpful? How are you feeling about being able to demonstrate value first by using the new Listing Presentation? Additional Resources Related online courses Weichert Listing Presentation: Dialogue & Tips Weichert Listing Presentation: Effective Closing Techniques Effective Presentations: How They Can Make or Break Your Transaction Overcoming Common Seller Objections Overcoming the Commission Objection Weichert Tool Kit – Tools for Sellers tab Next Steps Add information about their role in training other associates and next steps Add information about the upcoming Pricing Discussion Workshops