The day of closing and settlement has arrived and you have one happy client! Now what? Is there a great system that will continue to deepen  the relationship with your client? Are you assured of their loyalty and referrals because you know they will not forget you?

Or, do you have lots of clients that you are in contact with sporadically but not consistently? Or maybe your business practices fall somewhere in between. The gap between a well executed follow-up system and a haphazard one can represent dozens of deals left on the table and lost potential new "loyal clients" that won't get added to your advocates.

Some studies indicate the cost of attracting new business is as much as ten times greater than the cost of generating business from those who already know you. This low hanging fruit is also some of the easiest to harvest because they already know and love you. Many agents excel at prospecting but are not as adept at detailed follow through.  

TIP:  A good system that AUTOMATICALLY prompts you for action is the best solution.

Fine-tune your follow-up with these three steps:

Develop The Plan

At Closing: What is your "signature" gift or procedure? Don't give things like food and wine that will be consumed and gone, but rather something  that will remind them of you over time. One gift I like for this is a magazine subscription (In my part of the country, something like Arizona Highways fits the bill!). They'll think of you each month as they receive the magazine and once a year when it is time to renew, they'll appreciate you all over again. A doorknocker or other item they use often will serve this purpose well, also. This setting is usually a good time to get a testimonial statement to add to your files and to condition them to refer future business.

Immediately Following: It is critical you are THERE as a resource for them as any problems happen at the outset. It actually gives you an opportunity, if there is a problem to save the day and reinforce your outstanding service. They say a customer is even more loyal when you have solved a problem well than if there was no problem at all!

The First Month: At least weekly contact will get a good "after-sale" relationship established. You can combine a phone call, an email contact, sending a newsletter and even a visit to strengthen the relationship.

Monthly: A newsletter is an easy way to stay in touch (and hopefully you are doing this by email). Do you have a more personalized newsletter for these clients than for you larger prospect  base? Do they receive something of value from you each time they hear from you? If you provide a way for them to save time or money or are a resource in other ways, they will appreciate you and want to reciprocate.

Quarterly: A phone call every quarter is a MUST! Better still with your true advocates, a breakfast or lunch regularly will yield great results.  You'll find 20% of your clients will give you 80% of the referrals; so, concentrate on really taking care of these people as you identify them.

Yearly: A client appreciation event is wonderful because of the perceived value. Even those not attending are aware that you are doing something special for your clients.  Send an anniversary card for their closing (also for their wedding anniversary and birthdays).  The first year, in January, send a copy of the closing statements for their taxes.

TIP: Make copies of these at each closing, address an envelope and put in a file to mail out in January.

Ongoing: Refine your strategies on a yearly basis, taking into consideration new ideas, new ways to connect technologically and including more  and more strategic partners. Create a "club" for these folks and let them know they are in it and have a complement of services available to them. Have FUN with them. This attracts business!

Automate The Plan

The first thing that gets dropped when we get busy is the non-urgent.  Such as the details and follow-up. No...actually, I've found prospecting may be the first thing that gets dropped… but the follow up and follow through come next. For this reason, it is very important to invest in real estate software (or start using the software you already have purchased) to help you manage this system. Get the plan into your computer and set up reminders that will get generated daily on the actions to take. A good contact management system is CRUCIAL.  

Implement The Plan

Remembering that you get a tenfold payoff on this warm prospecting versus cold calling should be enough incentive to stay focused. You like most of these people, hopefully, so the calls and contacts can be fun.  Don't let this fool you into thinking it isn't important and it isn't truly "work". Besides, who said work had to be hard? Enjoy yourself when you visit with these folks. Always let them know how appreciative you are of them and their referrals. And then.. set yourself up a system to handle the referral business that includes a checklist of how you follow up with and take care of the referror!

Having a well thought out and well implemented system for fabulous follow up will produce a significant percentage of your yearly production. How can you take your system to the next level this month?