π 66% of Americans own homes.
π Approx. 8.5% move annually.
π More than 91% use an agent to buy/sell.
π The average person knows about 150 people.
So the potential of a 500-person database isβ¦
500 (Your database)β¨
x 150 (Dunbar's Number)β¨
x 0.66 (Homeowners)β¨
x 0.085 (Annual movers)β¨
x 0.91 (Those using an agent)
Result:
β 3,500 sales per year.
Roughly 1/2 of buyers and 2/3 of sellers find an agent through repeat business or referrals. In real estate, you might say your network equals your net worth! MARKETING IS MATH: your database is an untapped goldmine.
But don't assume you're the only contender. You're either the agent-of-choice or an agent-of-chance β and chance rarely deals the winning hand.
Consider this a thought exercise. These numbers are a theoretical maximum, but they underscore the immense potential thatβs within your reach.
Nowβs the time to make every connection count!