YesTalk-198 - THE BEST MARKETING STRATEGY VS B.S. STRATEGY FOR REALTORS IN 2020
20 May 2020 · 12 min
Kevin Ward (Yes Talk episode) criticizes deceptive marketing practices in real estate—specifically companies that sell "Best of" awards—and calls this “BS.” He argues that buying accolades undermines credibility and that the superior, long-term marketing strategy is cultivating a word-of-mouth marketing team: past clients and personal contacts who refer, leave reviews, and provide video testimonials. He contrasts passive, reputation-driven referrals (which he likens to cash flow) with fragile, cost-dependent cold marketing. He also promotes an upcoming Yes Master Secrets program and offers a free No-BS Listing Presentation (download at yesmasters.com/download).
Questions this episode answers
yesmasters.com/download
Chapters
Welcome to Kevin Ward's Yes Talk for Realtors. This is Kevin Ward. I hate. I hate, I hate bs. It drives me crazy because I know it drives everybody else crazy. And I know that the public hates it. Your clients hate it, your prospects hate it. When they smell bs, they, they want to run away. And yet we are in an industry that still continues to pedal it. And so in this video, I'm going to be talking about the best marketing strategy versus the BS marketing strategy. And it's real simple. You just drop the E and drop the T. You got best becomes the BS and you don't need it. But here's what happened, and this is what instigated me doing this video on the best marketing strategy. In this video, I'm going to lay out for you what is the best marketing strategy in 2020 and beyond, and I'm going to lay it out for you. It's powerful. It is insane. But I want to talk to you. What is not the best marketing strategy that a lot of agents are going to be attracted to? If you're getting this email, and if I am getting it, I know others are getting it. So here is the email. It is the subject line says, kevin Ward, Best of Hermosa Beach Awards. Well, it just so happens that I still have an active real estate license in Hermosa Beach, California, which is where I live in Redondo beach, but that's where my office has been. And this is what the email says. It is our pleasure to inform you that Kevin Ward has been selected as the Winner of the 2020 Best of Hermosa Beach Awards in the category of real estate agents. Yes, I am the best of the best. Now wait a second. Aside from own personal transactions, I have not sold a house years I coach. That's all I do. I keep my license active, but I don't actively sell houses. So, like, how in the world could I get this award as the best real estate agent in Hermosa Beach? Now that's pretty cool, right? And so it turns out their Most to Beach award program was created to honor. To honor and generate public recognition of the achievements and positive contributions of businesses and organizations in and around Hermosa Beach. Our mission is to raise the profile of exemplary companies and entrepreneurs. Thank you very much. Thank you very much. And so forth. It is not a requirement, but it is your option to have us to send you one of the 2020 awards that have been designed to display in your place of business. Now, it goes on to talk about. We can't tell you how you qualified. We do not disclose how we selected the best, but it's, you know, it's just, it's one of those secrets. So you click on it, you go to the website and it's like, congratulations. You can get a press release about how you're the best of the best and you can claim your award and voila. Wouldn't you know it that they are now wanting to sell me a plaque that says, kevin Ward Real Estate agents, best of 2020 Hermosa Beach. And I can get a plaque for $149 or I can get the Crystal Award, which is really fancy looking and it's gorgeous and I can pick my own color and everything for $199. Or I can get both for only $229 and save $120 and I can tell the world that I just won the Best of Hermosa beach award. Can we say bs, my friend? This, this is disgusting. This is not cute. This is crap. Now let's just say you got that email too. And I guarantee you some of you watching this probably got this email. I'm company that does this is out of. I think they're out of Houston, Texas about us there. I think they're out of Houston, Texas and they do all kinds of awards. It's really clever marketing. Thing is they just sell crap. They sell BS to agents who want to look good without doing the work of becoming the best. That is crap. And it smells like crap. Now here is the problem with it is if you buy into this, let's say you got one of those emails and you bought into it, guess what? Now you can put yourself out there and say, look at me, I just got recognized as the best. The problem is, you know you have something to hide. Now you know that you did not earn it. You bought it. You bought a plaque. You bought a title from a company that doesn't do crap. I mean, they didn't, I guarantee you they didn't check anything about how good I am. They didn't talk to a single past client of mine. Why? Because I don't have a past client. In the last years, they didn't check my production because I haven't had any production. It just, it irritates the snot out of me. Now that's the worst. Here's where the power comes. The power, my friend, comes from being real. You want power? Here's where power comes. Power comes when you have nothing to hide. And this is one of the things just to become Great at what you do as a real estate agent is power comes from knowing what you're doing and you don't have to hide, hide it and act like you got it when you don't got it. But when you got it, you can act like you got it because you earned it, not because you bought some BS thing that you can put on your website or you can put on your in your office or whatever that. So where is the best, what is the best marketing strategy to become the best? Here it is. It is your word of mouth marketing team. There is my friend. I'm telling you what is the best marketing strategy in 2020, in 2021 and 2030, 2040, however long you want real estate. There will never be a better marketing strategy than having other people that know you, trust you and like you referring you people, other people out there who will champion you. That, my friend, is the best marketing. It's not the only marketing strategy on the planet. There's a lot of great marketing strategies, but there is to this day, never has been and never will be a better one than your word of mouth marketing team. Which means past clients and people in your personal circle that know you and they trust you and they and they remember you. It's called top of mind awareness. Toma. Top of mind awareness. Now how do you utilize it? How do you tap into it? You ask for it. You ask for their help, you ask for them to keep their eyes and ears open of who do you know that's looking to buy or sell? Would you, whenever you run across somebody, would you, would you let me know? Would you call me? So you train people to be your word of mouth marketing team. You also ask for video testimonials from your past clients. You ask for them to give you five star reviews. And when you send out an email asking for you first ask them individually in person. Hey, would you mind doing this for me to help me? Because you know, you're happy with the service I gave you. I want to be able to help other people and I want people to be stuck with bad agents. So would you be willing to put the word out? Would you be willing to give me a testimonial or review and they'll say absolutely. Great. I'm going to send you an email with links that you can go into some of the different platforms like Google, Facebook, Zillow, realtor.com and whatever and you can just click on the link and you can type up the review. Okay? You make it simple for them and then you ask them to do a video testimonial for you. And again, you make it simple for them. We train our coaching members exactly how to do that, the scripts and all of that. We train how to do that. But you can figure it out if you're willing to do the work. But do it, start asking for it now. If you've not, even if you've been in real estate for, you've only done, you know, three or four deals. If you're fairly new, ask these people for their feedback. Ask them to give you a testimonial, ask them to shoot a video testimonial for you or at least to give you a written testimonial and to give you five star reviews on whatever platforms you are building it on. That, my friend, there is nothing more powerful than a good name. There is nothing more powerful than a strong reputation because it will go with you everywhere. And the public believes it. They trust word of mouth, they trust third party credibility that comes from a video testimonial that, that people actually believe and they trust. And again, it's not the only type of marketing, but it is the best and it lasts forever and it is essentially free as long as you continue to keep people thinking about you and remembering you and talking about you. It's almost like a cash flow business. You know, if you buy a real estate, a piece of real estate, a real estate investment, a property that you can rent out you and they pay you rent every month, it's cash flow, right? And we talk about creating financial freedom. You need to have passive cash flow. Well, this is almost like a passive lead generation strategy. If I'm cold calling, that is, I can't. I only have a chance of getting business as long as I'm pumping the pump. As long as I'm calling. If I'm doing cold marketing where I'm just marketing to a cold audience and putting it billboards or newspapers or online lead generation or websites or social media. If I'm doing just cold traffic, it's just as long as I keep paying money, then I'm lead generating. As long as I'm picking up the phone, I'm lead generating. But the moment I stop paying or the moment I stop dialing, there's nothing crickets over but a word of mouth marketing team. Whether you're sleeping or whether you're traveling or no matter what you're doing, they will continue to bring you business. It's almost like cash flow. If you want to master the best lead generation strategy, it is this a word of mouth marketing team. Now if you're brand new, it takes time. This is something you got to invest in. But look, if you're going to be in real estate for a while, why not invest in building the best and most effective marketing strategy on the planet? Now if you want to master this, you want to learn a whole lot more, I want to just kind of let you know that we've got a brand new program that's going to be coming out that is the best of the best training I've ever done in an online program called yes Master's Secret. So just be watching for it. Make sure you're subscribed to my channel here and that you got the notifications on because that's going to be the best way to make sure you get that. As long as you get this early, yes, Master Secrets will absolutely help you master the best marketing and lead generation strategies on the planet in 2020 and beyond. Thanks for watching this video. If it's been helpful for you, give it a thumbs up. Any comments or questions you have, post them down below and I will see you on the next video. Always expect yes. Hey there, it's Kevin. I hope you enjoyed today's podcast. Are you tired of getting no after no when you're out there trying to get listings and trying to inspire sellers to say yes to you, then I'd like to invite you to download a free copy of my no BS Listing presentation. This presentation will guide you through exactly what to say that will have motivated sellers saying yes to you over and over again. Stop getting stumped with skeptical seller objections or the famous we need to sleep on it, eliminate the resistance and have sellers ready to hire you and give you the listing before you even finish your presentation. To get a complimentary copy of my proven listing presentation, go to yes masters.com forward/download again, that's yes masters.com download to download your free copy today. Sam.