A study by HubSpot found that 63% of marketers consider email marketing campaigns their go-to solution for long-term deals.
This can relate to realtor commercial agents. They have deals that take a long time, from a month or more, for them to be closed, so keeping consistent communication is essential.
However, to get the best result, realtors need a working strategy. For this, they need to be professional and know how and when to pitch in their deals and proposals; it is not just one way to be heard but one way to sell.
Here is a list of strategies that can be used to close these deals using email marketing.
Real estate agents in the commercial property industry understand well who they are dealing with and why they choose that. Sometimes, they have to work with panels of investors, businesses, and entities with longer sales cycles and paperwork round-ups. This comes with its own set of challenges, unlike the residential property industry. For this, personal meetings and phone calls are not really feasible. Agents need to have a means of communication that is solid and guarantees closing the deal. Email marketing proves to be the best. Some of the reasons included:
Email makes you stay on top of client's clients' minds. Since you can communicate with the client's team at the ideal time, you will have some means of communicating and passing the correct information to them during the sales cycle period.
Emails build trust and credibility: when strategic realtor send out their emails, they know what their clients need and deliver just that straight to their inboxes or communications team; this will position them as the go-to expert and have long-term trust, especially in the industry like commercial property.
Email delivers a higher ROI: according to a study by Litmus, email marketing's average ROI was $36 for every $1 spent, but honestly speaking, this is relatively low in the commercial property industry. Imagine spending only 50 dollars and gaining over 100,000 dollars in sales commission for one property from a client. This is massive and surely needs to be implemented. I can help. You have a strategic email to your client. Contact me today.
For emails to work for commercial property agents, they need a strategic approach to their email and communication. It's not just a simple listing and a subscriber; it has to start by understanding the client, what they are looking for, their budget, and their taste. From this information, I use segmentation criteria, which I call the priority canceling technique, where Agents segment subscribers according to what they seek.
For example, if a customer subscribes to my list as an agent, I will look at the form they used for the subscription; from there, I will have a list of clients interested in commercial business suits, residential buildings, a factory site, and more after that I will implement a strategy for their mail here is how
Personalization goes beyond adding their name in the headline or body. It involves understanding what they are interested in and sending them just that. According to HubSpot, 53% of email marketers see higher conversions from personalized emails than regular newsletters.
One question you probably have is what is the best time to send the emails. What I can say for this is that learning the prospect frequency of the open rate through trial and error will work best here because most of these prospects have their own schedule and timing for their activities, and some even have personal assistants. Nailing the best time can only be through testing what works best and actually strategizing to that time.
Time: According to a study, emails sent early in the morning (between 6 and 10 AM) tend to have a higher open rate. This is ideal because sending emails at the start of the day will lead to people opening their inboxes and confirming their plans for the week. In addition, sending emails midweek (Tuesday, Wednesday, and Thursday) tends to have a higher engagement rate than on busy days like Mondays and Fridays.
Frequency—The number of times you should send the email purely depends on the number of listings, offers, and communication you have. Sending bi-weekly emails is also appropriate.
As a property realtor, you should have clear and engaging messages in your email. You have to speak, but you may wonder what engages in email. Some of the ideas you must have in your strategy include but are not limited to
Key Types of Emails:
View the subject line as the body of the car, and the interior is the message you must design the exterior because it is the first thing your subscribers will see in order to open the mail. When it comes to writing the subject line, you must be very specific; this will go hand in hand with your segmentation level.
For example, a subject line for a follow-up newsletter after an event in Nairobi would be "(prospect name) would you be up for Mombasa property showcase next week?" such you have had to explain at a ago what should be done when they open the mails they will find all the details for the next event that is coming. You will ask for the reviews of the last event. The subject line must be slapped straight and communicated to avoid wasting time with them. Some short tips would be
The end will always justify the means. You will not be able to know the right way, but if you test, you will come up with data that can help you clearly see the do's and don'ts; always check past mail performance and implement the change in your subsequent campaigns.
Implement A/B Testing on your campaigns. Test different combinations of subject lines, CTA images, and template sites that grab attention. Monitor their performance to determine what works best and reuse that.
Of course, if you want the best, you have to use the best tool. These are not the only tools on the market; they are usually the same, just with different preferences and templates.
Mailchimp is one of the most sought-after email marketing tools. This is because it is user-friendly and has many features, including List segmentation, Email automation, and Analytics. For real estate agents, agents, these features are more than enough for bi-weekly campaigns and reporting.
Key Features:
HubSpot CRM is a large platform that combines email marketing with customer relationship management. It is the best for real estate agents who need to track interactions and automate workflows.
Key Features:
Email campaigns are the best long-term investment, but for them to work, realtors must have the best strategies in place to see the results from strategy to segmentation and tools.
Realtors must be conversant with their subscribers in order to gain in-depth analytics on how to better their email campaign game, such as understanding what works best for the subscriber, the best time to post, and the content in their copies that will get engagement.