Video 3: Build It
Build It
Note: Learn how to do this for yourself and the reasoning behind it all, but if you want the plug-in-play version, check out video 7 in this section to see how I would build mine if I were in Real Estate.
Fixed Reward
(Referral source)
- Thank you Text/Messenger/email
- Physical “Thank you” Card
- Virtual “Thank you” Card
- Thank you phone call
- Thank you text/messenger video
- Small gift (bottle of wine, amazon card, unique or custom gifts)
- Etc.
Fixed Reward
(Client being referred)
- $500-$1000 Tax Free Bonus Voucher
How I would Structure my Fixed Rewards
(Referral source)
If Average Transaction is less than $300,000
- Thank you text (Text Script in Video 7)
- $100 Tax Free Bonus Voucher for next Transaction (for every referral)
If Average Transaction is between $300,000 - $500,000
- Thank you text + $25 Gift Card
- $100 Tax Free Bonus Voucher for next Transaction (for every referral)
If Average Transaction is between $500,000 - $1,000,000
- Thank you text + $50 Gift Card or Gift
- $250 Tax Free Bonus Voucher towards next transaction (for every referral)
If Average Transaction is over 1,000,000
- Thank you text + Bottle of Wine (Link in Video 7)
- $500 Tax Free Bonus Voucher towards next transaction (for every referral)
How I would Structure my Fixed Rewards
(Client being referred)
Average Transaction < $300,000
- $500 Bonus Voucher
- Engraved Apple AirPods
Average Transaction $300,000 - $500,000
- $750 Bonus Voucher
- Engraved Apple AirPods
Average Transaction $500,000 - $1,000,000
- $1000 Bonus Voucher
- Engraved Apple AirPods
Average Transaction > $1,000,000
- $1500 Bonus Voucher
- Engraved Apple AirPods
Other Types of Fixed Rewards
(Client being referred)
- 6 Months of Lawn Maintenance, Window Cleaning, Pet Cleanup, Other Service
- Free Tax Returns for next 2 years (negotiate a discount with CPA)
- Free Interior Design (with restrictions)
- Etc.