Finding Prospects for Commercial Real Estate Leads
Collecting enough business leads can be tricky in any industry, even in the commercial real estate world. Therefore, it’s important to plan ahead and determine how best to entice new prospects and bring in more business opportunities to set you up for long-term success. If you’re trying to organize a new strategy or simply redesign your current approach, here are a few helpful tips on how to score ideal candidates by using key objectives in your search.
First, it’s paramount that you look for the right properties that can provide the most value for your business, as well as owners who are motivated to get going on a project and have the means to get it done right. Be sure to target the prospects who have a worthy budget, the necessary authority and a determination to move projects forward quickly so you’re not wasting your time. Utilizing online navigational tools in the off-market arena that center on specific areas like location, sales history, ownership records, asset type, business tenants and more can give you a serious advantage before you even step outside your door.
Second, once you’ve found promising commercial real estate leads, it’s time to focus on building a list of credible property owners who can help set you on a successful course for years. Take the time to carefully analyze owner portfolios to guarantee that you’ve chosen the most valuable prospects. Once you’ve done your research and finalized a substantial list of viable candidates, it’s important that you start dedicating time to outreach, as well. The best way to prepare a successful pitch is to write a helpful script to guide you along the way, accentuating everything you hope to convey in a clear and concise manner that’s both professional and friendly. It’s always handy to study over your prospect’s portfolio beforehand, making it easy for you to discuss specific details and allowing him/her to enjoy the appreciation of your efforts.
Third, once you’ve made initial contact, a follow-up email is key to sealing the deal and making your conversion. Remind your prospects of your earlier conversations to refresh their memory. Ask the right questions and talk up your recent successes, or share other promising details that are sure to persuade them into working with you.
Finding new prospects for your commercial real estate business can be challenging, but not impossible. It simply requires a little strategy to get you on the right track, and these useful tips can guide you in that direction in no time.