QR 6014

Quick Results Strategy
Reconnect Letter for Members With a Past Client Database

Purpose:
To re-establish communication with past clients and acquaintances in your database.

Benefits:

  • Re-establish connections with your most profitable sources of stable business: past clients
  • Remind your past clients of your business philosophy as a consultant
  • Set expectations with your client base for future communication

Steps to Success:

  1. Compile a list of names, addresses and telephone numbers of past clients. We strongly suggest you have at least fifty (50) names on your list.

  2. Download the Reconnect Letter Template.

  3. Customize the template. Merge the letter with the names and addresses in your database.

  4. Print the letter on personal stationery.

  5. Hand-address each envelope. A handwritten envelope will be opened every time. A preprinted envelope that they weren’t expecting may get thrown away as junk mail. Sign each letter by hand.

  6. Follow up your letters with a telephone call using the "Great Opportunity" Script or the "I Have Time..." Script.

  7. Schedule Remodel Time to set up at least one monthly After Unit mailing (Evidence of Success postcard, Client Newsletter, Letter From The Heart) so you can follow through on your commitment to keep in touch.

  8. Recommendation: If you are sending this letter to an acquaintance, eliminate the words "my client" from the first paragraph and eliminate the entire "I'm sorry" paragraph.

Look:      
  Reconnect Letter Template View Download
       
Listen:      
  After Unit Workbook CD – Track 5    

Learn:

John Tuvell, with Red Stone Realty in Las Vegas, mailed a Reconnect Letter to everyone in his database. His letter received 24 responses from people who said they were glad to hear from him, but most importantly, six of those callers turned into clients!

If you’re like most new By Referral Only members, you have a database full of past clients who haven’t heard from you since they closed their transactions. This database is the most lucrative source of business you can tap into. Past clients are people who already know you, like you and trust you. Wouldn’t you rather work with them and their referrals than with distrustful and even abusive strangers coming from unreferred sources? Think of the time, money and aggravation you could save by nurturing lifetime relationships with past clients.

The first step in nurturing relationships is to reconnect with your past clients and open the door to future, ongoing communication with a Reconnect Letter. Members like John are amazed at the responses they get after sending the letter! You'll be surprised, too, at how open your past clients are to re-establishing a relationship with you.

For some of you, it's been a long time since your clients have heard from you. If this is true for you, be sure to include the optional second paragraph where you sincerely apologize for losing contact.

Even more important than the initial reaction you'll receive from sending the Reconnect Letter is the expectation you set regarding future communication. Notice in the letter how you open the door for both immediate and ongoing contact. Just remember that once you make the promise, you must follow through! You will lose all credibility if they don’t hear from you again for six months.

The easiest way to follow up on the Reconnect Letter is by using the Letter From The Heart and Evidence of Success strategies found every month in your Results in Action kit.

The most effective way to obtain referrals from the Reconnect Letter is to call the client personally. Notice the optional sentence in the last paragraph of the letter, indicating you will call. You can use one of the following scripts to make your follow-up phone call a little easier:

  • We have found the use of the “Great Opportunity” Script very effective because the script leads with a value-added conversation. When you use this script, you call people you care about to “let them know about a great offer.” This great offer can be anything – a cute grandma house that could be fixed up, a great piece of land at a low price, a new government loan program for low-income residents, a grant for certain kinds of remodeling, etc. The key to this script’s effectiveness is the formation of a win-win situation. You are not asking for anything in return – just that you are giving your client a chance to help spread the word about something valuable and helping them be a hero.
  • The “I Have Time...” Script is a quick, to-the-point call to ask for referrals.
Activity
Time
Cost
Download template and customize.   5 minutes

None

Merge names and addresses with letters, print and sign. 30 minutes 

None

Label, address by hand and mail. 30 minutes  $.39 per letter
Follow-up call. 5-10 minutes 

None

 

Reconnect Letter

Suggested addition: If this letter is going to acquaintances, remove "my client" from the first paragraph and eliminate the entire "I’m sorry" paragraph.

Dear Joe,


Under Construction

Something exciting is going on in my business. After seven years as a mortgage lender my business is going through some major changes…changes that will benefit you, my client.

I’m Sorry

(Optional text:) Before I share with you what’s happening, I feel I need to apologize for not keeping in closer contact with you. I enjoyed working with you in solving your real estate needs, and the relationship we developed while we were working together is important to me. So I hope you will forgive me for not keeping in closer contact with you.

What’s Happening?

From now on I want to create and maintain healthy, long-term relationships with people like you. Think about it – you have professionals in every area of your life that provide you with good services on a long-term basis, people like your financial advisor, accountant, lawyer, doctor or trusted mechanic. Why do so many people look at getting a mortgage as such a short-term relationship? When you consider that for most people, buying or refinancing a home is a big event, so why do they settle for a loan officer they don't know and trust?

In my seven-year career, I've seen too many people end up with less than desirable results when selling, buying or refinancing a home. I would never want this to happen to you. I want you to think of me as your “Mortgage Consultant for Life” and over the next several months, I’ll be sharing some wonderful stories about how I can help you or others you refer to me.

It makes perfect sense. You don’t want to change your doctor every time you need one. Why would you want anything less than a family mortgage consultant? I promise that I will be there for you, your family, your friends and your associates by offering you more than any other mortgage professional will give you. THIS IS MY PLEDGE.

I’m looking forward to renewing our relationship. (Optional text:) I will be calling to make sure you received this letter and find out how I can help you right now.

Sincerely,

John Smith
Your Mortgage Consultant For Life


P.S. If you have any words of wisdom for me as I make this change, I’d love to hear from you. Please e-mail me at [email protected] or call me at 888-888-8888.

 


Copyright © 2005 By Referral Only, Inc.

While you are a BY REFERRAL ONLY Community member in good standing, you have a personal, non-transferable license to use and adapt documents in the Members Only Resource Exchange for the sole purpose of soliciting and serving clients of your business. The documents, campaigns, special reports, ads, and other materials that you download from this website may be reproduced for your own use only, and must contain the following copyright information in each copy of your final product: Copyright © 2003 BY REFERRAL ONLY, Inc.

All publications in the Members Only Resource Exchange are protected by U.S. copyright and trade secret laws, and are provided to you under your BY REFERRAL ONLY Membership Agreement. Downloading this material constitutes your agreement to protect the confidentiality of these documents. You may not distribute this material to your agents unless they are members of the BY REFERRAL ONLY Coaching Program. You agree not to disclose, divulge, discuss, teach to others, offer for sale or license, make or distribute copies of, or prepare derivative works based of any of this material except in the course of directly soliciting and serving clients of your business.