Leadfellow is a referral network software for sending and receiving real estate leads, these generation activities lead up to quicker sales cycle. For example, a real estate agent who refers a client to another real estate agent, who will then manage the client’s real estate transaction. If the transaction is made, they would be happy to reward their referrer for continuing to recommend.
The problem – there are quite difficult to get qualified in these real estate lead generation programs, there aren’t any upfront costs, however you need to pay significant closing fee to the program provider.
The solution – LeadFellow helps to understand to whom a recommendation was sent, what its status is and what the status of those recommendations – paid only flat referral fee at closing.
In the field of real estate leads, the problem is often the existence of a property and the lack of a customer, or the existence of a customer, but the lack of a property. The so-called portfolio problem.
Real estate agents could collaborate here and share their leads so that everyone benefits. I find a property for my client that is in your listing and you get a client and we split the commission as we agree or want.
Many agents have successfully leveraged a referral network to sell homes.
The right real estate lead makes all the difference. It does not matter if you are a new agent, you need generate leads to kick off your career, to keep growing and become a real estate professional. Today’s lead generation is a huge opportunity to grow your real estate business. No wonder we all have to take real estate lead generation pretty seriously, eh?
Luckily, that does not mean that acquiring real estate leads needs to be a heavy or a difficult process.
LeadFellow – Lead Generation Software is built to bring warm buyer leads and warm seller leads into one real estate CRM. We are here to help you generate exclusive leads, fast!
Signing up is free! You can put your credit card away now.
Oh! And invite other real estate professionals to do the real estate marketing for you!
Yes, it sounds counter-intuitive. And you will thank us later.
Collaboration with real estate professional actually is mutually beneficial. Instead of struggling alone, many agents do lead gen so they can grow the real estate business for both of you. So how does it work, exactly?
Leadfellow’s mission is to help your real estate business to grow through higher lead conversions. By sharing seller leads and/or buyer leads with other real estate agents all the parties are winners. Client will be happy and you make a quick sale where you share the commission with another real estate agent. A win-win-win situation, for real.
A property selling or buying time frame may vary from days into months, sometime years, and a many properties can be found under expired listings as the right connection (or sale) was not made. Therefore lack of resources (money, staff, time) as the main factor getting in the way of successful real estate lead generation. LeadFellow does the job for you. As a tool, it was created to solve a real life problem: how to close real estate leads, fast. This means that you don’t have to spend your days waiting for potential customer to contact you. As a fast and easy-to-use tool, LeadFellow makes it easy to obtain leads. How?
Lead sharing.
Acquiring real estate leads is a strategic process requiring skill, effort and connections. You know what they say – if you take your first step in the absolutely right direction, the rest is all about the pleasure of the journey. A lead sharing or a referral is an icebreaker, a conqueror of the first barrier, the remover of the first filter – you have quickly made your way to a point where it would otherwise take a long time to get to, why wait – when you – as an real estate agent can be proactive.
Referrals work so well in real estate lead generation because the demand and supply will be filled instantly. This also makes them into the most common channel for real estate lead generation.
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Map your warm buyers list
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Identify each buyer needs
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Find properties for your buyer
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Contact the property representative
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Send the lead and mark the commission fee
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Earn your share of commission
Pro tip:
Ask your collegue about the clients they need and use LeadFellow to refer them. Pretty nifty, eh?
LeadFellow is an intuitive, easy to use real estate lead generation platform that makes obtaining warm real estate leads easier and more transparent manner. It is a perfect tool for a agent who needs to generate warm leads like a pro. Why?
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Sets earnings before costs
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Keeps track of your leads, earning and shared commissions
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Reduces marketing costs and increases closing rates
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Generates seller leads
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Less time for cold calling
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Ensure lead credibility and transparency
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Helps connecting potential clients and potential buyers
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Easy and intuitive to use. Not too big, not too complex
Signing up is free! You can put your credit card away now.
LeadFellow gives you access to a referral software, topped with useful features designed to help you find new clients to keep your business growing. As an agent you can manage, send and accept leads. And close more leads, just like that.
You can sign up for LeadFellow both as a lead receiver and as a lead sender, and earn money with both roles. Think of LinkedIn. When you recommend someone, you will be recommended in return. LeadFellow works on the same principle: build relationships with referrers and become the one who refers others. It is a win-win situation. A win-win-win situation, even.
You can: manage your sales leads
The right personal connection makes all the difference. The National Association of Realtors (NAR) found that the lead conversion rate is 0.4% to 1.2%, which means if you are getting 400 leads, you might be able to convert four people into clients. There may be a variety of reasons why the leads are not converting, but those reasons are often not because of you.
You can: track your performance
As a lead receiver, you can easily keep track of your leads, earnings and commission payments.
Personal recommendations have become the strongest influencer on the 21st century business land-scape. Most real estate agents fail in their first year, according to research. Three common mistakes that agents make is inadequate prospecting, failing to market properties in ways that lead to fast sales, and not following up with clients.
Did you know that usually you need to make at least six contact attempts? It takes a lot of time and man power to initially make sure you are dealing with the right person. Acquiring leads is a strategic process which needs a lot of skill and effort. Most agents do not have enough quality leads to keep them competing on the market and for driving growth. So how can you beat the system?
As an efficient and clever tool for growing sales, LeadFellow connects potential client to property representatives and helps you benefit from each other, split commissions. The acquired leads will help you put an end to wasting your marketing budget on effortless lead searches. And of course, to close leads more efficiently, quality before quantity – the key to your success.
With massive lead generation getting more intricate and needing more in-depth understanding, finding prospective clients takes longer and longer. The result? Generating enough sales does not happen quickly enough. LeadFellow takes the networking to the next level: connecting the potential clients and potential buyers, where all the parties are winners. LeadFellow is smooth, easy and not too complex, just like a perfect sale should be.
What if you don’t have a marketing department to rely on a steady flow of inbound leads but still have to reach your quota?
When another real estate agents have a potential buyer and you have a suitable property, you will obtain a warm lead in-stead of a cold one. This is where your closing rates skyrocket. When you manage to close a deal with the warm lead, you both make a quick sale, split commission. How sweet is that? Setting earnings before costs, LeadFellow is the highest closing rate sales tool for referral marketing.
To maximise the business potential of your current leads, you have most likely already developed a lead management process for your business. We are sure you have noticed that different lead genera-tion activities help you generate leads of different quality. Now it is your time to ask: how many of your current leads are quality leads and are you really gaining enough sales leads to grow?
Referrals are the best way to find prospective clients who need a property in your listing. Referrals are usually acquaintances, friends, clients, partners, other agents etc. who often mention quality and satisfaction in their recommendations. In other words, LeadFellow helps to prequalify leads for you, leaving you more time to do the things you are passionate about.
We know, you also believe that great providers need to be more reachable. LeadFellow will get your name to everyone in your network.
If you want to read how to use LeadFellow as a main tool to close more sales leads and – it might still sound weird to hear it – collaborate with other agents so called your competitors, read about the success of a digital marketing agency who used two referrers to boost their sales and grow their revenue.
Still in doubt? No need to be! There is nothing to lose. As a lead sender you can use LeadFellow for free, forever. As a lead receiver, you will pay a fee only after you close your fabulous sale. So if you are not earning money yet, there are no expenses to cover.
And this is what we call turning chance encounters into cash flow!
Signing up is free! You can put your credit card away now.
Is it possible to have a free trial?
For a lead sender, LeadFellow will be free forever, only a lead receiver will pay 59€ to LeadFellow, but only when the successful sale has taken place. So the pricing model is combine with freemium and pay at closing – where no free trial is needed. You can sign up without credit card.Does the LeadFellow generates leads automatically?
No, LeadFellow helps you to take the networking to the next level by simply connecting the buyers and sellers to the right property representatives, it is done manually, but that’s the beauty of it – no spamming or unqualified seller leads or buyer leads.If I have a property to sell and traditional sales and marketing methods are not working, how LeadFellow could help me with buyer leads?
It’s simple, just sign up as a lead sender (free forever) and send your first lead to well-connected agents or realtors. You can send info about your property and your contact information up to 10 contacts at a time, simply by clicking “Send your lead” button on you dashboard. You can send your first lead also in the middle of signup process.How do I know if someone has sent me a lead?
You will have an email (that you gave during signup) every time someone has sent you a lead, so you do not have to be on LeadFellow all the time. However we recommend you to do so. LeadFellow will work for your favour as long as you stay active. Send more leads to others and you will soon receive more yourself.I do not feel comfortable to send potential buyer lead to another agent, how is the shared commission guaranteed?
Lead receiver cannot see leads contact information before he or she has accepted to share a commission with you (the lead sender), the one you have marked when sending the lead. If a successful sale is made LeadFellow will notify through email that you can invoice your commission fee. You should also notify your client (potential buyer) that you will connect him/her with a seller agent.I need to split commission with my brokerage anyway, why should I share it with another licensed real estate agent?
Why you shouldn’t you if it leads to a fast sale. We advise you not to share from the whole commission, but from your cut. Example you have a 1M property in your listing with 5% commission and let’s say you have a 50/50 commission split with your brokerage, then first deduct brokerage sum and then share the left commission with other agent. With our example 25K will get the brokerage and 12,5K will be you commission and 12,5K will get the other agent.I made my first successful sales through LeadFellow, how do I collect my share of commission?
All the monetary transactions will be handled directly with parties (not through LeadFellow). Lead receiver will notify the lead sender through LeadFellow. So you will have an email notification about successful sale and the commission fee sum.How much does LeadFellow cost?
LeadFellow will charge only lead receiver upon closing, 59€ per every closed lead. Lead sender can use LeadFellow free – FOREVER. You can sign up as a lead sender or a lead receiver without credit card. Once you have signed in, you can use both dashboards at the same time, so you can send and receive leads.Currently I am using another CRM, can LeadFellow replace that as well?
LeadFellow has many CRM functionalities however we advise you to use them both. LeadFellow main mission is to leverage networking to his maximum and is a must-have lead generation software within your other marketing tools.Nobody have sent me any leads for month, what can I do?
Firstly, LeadFellow is no open platform where leads are pouring in when you sign up. We suggest to be more active by sending leads out first. Then in no time you will see how the leads are coming in. It’s all about building relationships – first give and then gain.Signing up is free! You can put your credit card away now.
