In commercial real estate sales and leasing you need a good database to help you keep in contact with the right people and in the right way. That being said many agents do you use a CRM system well or sometimes they do not use one at all.
The big problems with CRM systems are that one or more of the following occur:
- The salesperson does not know how to use a computer and is not comfortable with the process
- The CRM system is not updated regularly by the front line salespeople
- The system cannot integrate with email and brochure despatch
- The system is not flexible enough to capture all the right information for the office or salesperson
- The sales team sees the CRM system as a burden and not a tool of opportunity
- The principal of the office spends a lot of money on a top system only to find that the sales team do not use it due to poor training or commitment
There is a direct link between CRM usage and great salespeople. These salespeople integrate the CRM into their business day and will use the CRM as a business tool of advantage.
The basic fact of commercial real estate is that you must keep in contact with a lot of people, and you cannot do that from the back of your diary. A typical salesperson should be running a database of 1000 people, some of which will be high end prospects.
Before you spend a lot of money on a new CRM system for the office, it pays to sell the concept to the sales team and get their feedback on the process and their commitment.
CRM systems do not have to be expensive, and in the first instance you should choose something that is easy to use and migrate information to and from. One of the biggest frustrations with many CRM systems is their inability to merge information from another data source. One thinks that the companies that manufacture this CRM software are trying to protect their product by making in ‘data unique’; unfortunately it makes it very hard for the typical agent or salesperson to migrate data to another system when they want to change CRM suppliers.
When in doubt use a basic product from a mainstream supplier until such time that you can find something that is really good to use and not a high cost to buy.