ValleyMLS, arguably one of the most progressive MLSs in the country, is doing great things for its members.
In the past 12 months, the organization has generated 15,000 FREE leads for its members via Homesnap, ValleyMLS.com and the IDX feeds it facilitates for its subscribers. Using a reasonable multiple of $500 per lead which is comparable to the cost from third parties, the organization generated $7.5 million in lead value for its members without requiring them to pay one extra dime beyond their normal MLS subscription. The report also revealed that Homesnap was the organization’s #1 lead generation tool for its members, followed closely by its own website ValleyMLS.com.
How can ValleyMLS prove they generated 15,000 leads in the past year? By pulling up a free report provided to them by Listtrac.
Listtrac is a FREE service available to MLSs that holistically measures all of the listing exposure and inquiries generated for a broker’s listing. The service tracks activity from places like MLS Consumer-facing websites, Homesnap, IDX sites, MLS systems and third party sites like Realtor.com, Homes.com and others.
When ValleyMLS shared this exciting news with their Board of Directors, here’s the verbatim response they received:
“Wow! That’s amazing.”
With Listtrac it is so easy for MLSs to take credit for the great work MLSs do to generate business opportunities for their customers. WAV Group created a simple article for ValleyMLS with Listtrac results they push out to their members monthly quantifying their value to their members in a very tangible way.
If you would like to learn how to fully leverage Listtrac to help YOUR members understand how many business opportunities you generate for them, call me at 805 748-9118 and I’ll be happy to help!
If you would like to learn more about why your Brokers need BPP now more than ever, come listen in on a conversation with Joe Rand, the new Executive Director of the Broker Public Portal and me tomorrow at 11:00 am Pacific, 1:00 pm Central, and 2:00 pm, EST.