Is cold calling dead in 2025? Let's tackle this question! Learn if cold calling is outdated, explore other smart ways to attract warm leads, and get SIX (plus a bonus!) reasons to ditch it for good. If you want a scalable, sustainable business... this is a great place to start!
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is cold calling dead in 2025.
Speaker:I sold a lot of homes without cold calling.
Speaker:So does cold calling work?
Speaker:I'll get it out of the way.
Speaker:Yes, it does work.
Speaker:it is soul sucking in my opinion.
Speaker:And, um, 5, 000 plus families served in my journey in real estate sales,
Speaker:helped a couple thousand, maybe even close to 3, 000 agents at this point,
Speaker:grow and scale their businesses.
Speaker:predominantly without cold calling.
Speaker:So none of what we teach a million dollar agent method is based on any cold
Speaker:calling, any paid leads, any referral fees at closing, any of that stuff,
Speaker:all of our stuff is.
Speaker:generating warm, inbound, organic, leads.
Speaker:And my philosophy is this, and I'm going to go through kind of six thoughts I have
Speaker:here that hopefully will convince you that there's a better way than cold calling.
Speaker:my philosophy is that if I'm going to put effort into, my business, it's going to be
Speaker:put into something that allows me to scale and scaling is different than growing.
Speaker:So could you grow your real estate sales by getting good enough cold calling
Speaker:where you can set listing appointments, go on those listing appointments, take
Speaker:those listings, rinse and repeat, right?
Speaker:Yes, you can.
Speaker:Absolutely.
Speaker:There are entire coaching programs.
Speaker:Based on this fact, a quick story.
Speaker:And this is no disrespect to the OG Mike Ferry.
Speaker:here's a funny story when I first got into coaching.
Speaker:So I ran a webinar.
Speaker:This was my first webinar like, and I think the title was how I sold.
Speaker:300, how I closed 312 homes working one day a week, and it was the year.
Speaker:So the year I did that was 2013 and I just got into real estate.
Speaker:My first full year was 2008, so by 2013, five years into the business I
Speaker:was down to working one day a week.
Speaker:And that next year we went from three 12 to 453 and I was still working
Speaker:one day a week, 10 producing agents.
Speaker:So obviously I went down the path of leverage, I built out lead
Speaker:generation levers that brought in.
Speaker:leads consistently.
Speaker:So this was not a bunch of agents cold calling.
Speaker:None of it was based on cold calling.
Speaker:I send out this invitation to a webinar.
Speaker:Come find out on this webinar, how I sold 312 homes working one day per week.
Speaker:Mike Ferry gets a hold of this email, turns it around.
Speaker:I guess he like, and paste the email like as an image into an email that
Speaker:he sent out to his, uh, his list.
Speaker:And apparently it went to thousands of agents because they all, not all
Speaker:of them, but a lot of them reached out to me and say, Hey, listen, just
Speaker:so you know, got that email from you also got it from Mike Ferry.
Speaker:So he basically said, if you believe that this is possible, if you believe
Speaker:that somebody can build a business to sell hundreds of homes per year,
Speaker:working one day a week, I have some like land to sell you in some, some swamp
Speaker:land in Florida or some funny comment.
Speaker:Right.
Speaker:So his, worldview is such that the only way to succeed in real
Speaker:estate is to cold call like his whole program is based on that.
Speaker:Does it work a hundred percent?
Speaker:It works.
Speaker:Do I know agents that sold over a hundred homes per year?
Speaker:Cold calling?
Speaker:Yes.
Speaker:Are those agents?
Speaker:a slave to their business decades into their business.
Speaker:Yes.
Speaker:So I knew when I saw that path, because I kind of evaluated the different
Speaker:ways I wanted to build my business.
Speaker:When I saw cold calling as a way to do business, I actually tried
Speaker:it once and I remember I talked to one expired and he was just ugly.
Speaker:And I was like, there's no way.
Speaker:I don't know if he hung up on me or said some mean words or, you know,
Speaker:maybe my, my skin is not that thick.
Speaker:And if you're a cold caller, you can argue that, you know,
Speaker:I'm just a wimp or whatever.
Speaker:But I knew that I wanted to detach the time I put into my business
Speaker:from the money that I made.
Speaker:And so a true business owner is not tied into their business.
Speaker:And I didn't know if what I wanted to build was possible, If I was going
Speaker:to be the, the only one that could generate opportunity in my business
Speaker:via cold calling, I knew that it wasn't possible for me to scale.
Speaker:And cause now I've seen teams that have tried to scale beyond like
Speaker:the, the Rainmaker, the primary cold caller trying to teach others.
Speaker:And it's very hard to replicate that skill set, right?
Speaker:You can have like 15, 20, 30, 000 calls in and the level of skill
Speaker:you can get lethal on the phone.
Speaker:But I didn't want to do that.
Speaker:Like I just, I knew I didn't want to do that.
Speaker:So my only option was to build a marketing systems.
Speaker:We call them lead gen levers now.
Speaker:That generate inbound organic opportunities, right?
Speaker:So here are the reasons, six of them, why cold calling is dead.
Speaker:According to me in 2025 and beyond.
Speaker:And it, and I just think it's something that if you want to have a business
Speaker:that truly serves you, truly gives you a life of freedom and helps you
Speaker:make an unreasonable amount of money in a reasonable amount of time.
Speaker:these are the six reasons.
Speaker:So first of all, it's a low conversion rate.
Speaker:We've got a cold caller, uh, that I know he actually came into our world.
Speaker:He's a cold caller and we're trying to teach him this, uh, you know, inbound
Speaker:organic and building marketing systems.
Speaker:And he's like used to cold calling for like six to seven hours a day
Speaker:to set one listing appointment.
Speaker:He's like, yeah, it's totally fine.
Speaker:I just cold call for six to seven hours a day.
Speaker:I get all the rejection and I just booked my one listing appointment.
Speaker:Sometimes I can get it in four or five hours.
Speaker:Sometimes it takes me six or seven hours, but somewhere in there
Speaker:and I'm just like, that sounds.
Speaker:It's awful.
Speaker:So it's, it's maybe one, 2 percent of the conversations you'll have on a cold call
Speaker:situation, you'll, you'll book into either a nurture or, a listing appointment.
Speaker:So does it work?
Speaker:Yeah, it works.
Speaker:But also door knocking works and who wants to door knock?
Speaker:Like I don't want to door knock.
Speaker:Does it work?
Speaker:Yeah, it works.
Speaker:But I don't want to like, it was 27 degrees today in
Speaker:Charlotte, North Carolina.
Speaker:You know, I don't want to be out in 27 degrees or if it's raining,
Speaker:like what you don't do business.
Speaker:If you're a doorknocker, like you're not gonna, you know what I mean?
Speaker:So, so those methods are just not anything that is viable in my opinion.
Speaker:So number one, low conversion rate.
Speaker:Number two, who really likes a cold caller?
Speaker:Like raise your hand.
Speaker:And there are a few of you out there that are just sort of weird.
Speaker:and I'll do this.
Speaker:From time to time.
Speaker:Very rarely though.
Speaker:you'll kind of get a cold call and you'll, you'll have a conversation,
Speaker:conversation with them and sort of push them a little bit.
Speaker:but consumers hate cold callers.
Speaker:So why would you want to do something that people don't like anyway, you
Speaker:know, even if you were like resilient and you're thick skinned and like, I'm
Speaker:going to do it, it's going to be fine.
Speaker:There's nobody that like gets a cold call.
Speaker:Oh man, my home did expire and oh, you're the, you're, you're the 17th agent.
Speaker:Let me entertain this conversation with you.
Speaker:Right.
Speaker:Why would you want to put yourself in a position where the person
Speaker:on the other side is not going to have an affinity towards you.
Speaker:They're just not going to like the whole situation.
Speaker:So that's just another thing.
Speaker:Number three, it's not a great first impression.
Speaker:how do you generate business for, for as a real estate agent?
Speaker:I call complete strangers, I don't know how to market at all.
Speaker:So the only thing I know how to do is.
Speaker:Put a headset on and I just call complete strangers.
Speaker:we have this expression, you know, a blood and guts approach to
Speaker:business or more elegance and ease.
Speaker:I just choose not that my ways are easier because in a lot of ways,
Speaker:they're harder to build the systems and slow down and do that work.
Speaker:but the blood and guts like this, I just think it's a horrible first impression.
Speaker:It's like you get into someone's house and like, uh, you know, you met them.
Speaker:Just like banging the phone over the head via a cold call and it's like
Speaker:well, how do you market my home?
Speaker:It's like clearly you don't know how to market yourself because you're cold
Speaker:calling, if you were a good marketer, you wouldn't have to cold call people,
Speaker:So I just think it's a bad first impression number four there's way better.
Speaker:And this is where my brain goes.
Speaker:I just think there's way better things to spend your time on.
Speaker:And that's what million dollar agent method, if there is a plug ever, if
Speaker:there was a plug for million dollar agent method, it's on this one point.
Speaker:Time is better spent on building scalable marketing systems.
Speaker:Right.
Speaker:Whether it's our database touch blueprint or our brand authority builder, or
Speaker:we've got eight or nine other lead gen levers that take some work to implement,
Speaker:but leads are coming to you, right?
Speaker:For sale by owners.
Speaker:Yeah.
Speaker:Do we, have a for sale by owner system?
Speaker:Yes, but they call us.
Speaker:Or we follow up with them because we provided some valuable bit of information.
Speaker:Same thing with our expired direct response system.
Speaker:Do we work expires?
Speaker:Yes, we work expires, but they call us because we mailed them something.
Speaker:Is there more effort involved?
Speaker:Yes, but it's a 20 X return on investment and it takes some time
Speaker:to set up, but you can outsource it to an, an administrator or high
Speaker:school kid to do your mailers, right?
Speaker:So I just think there's time better spent on a whole bunch of systems build outs.
Speaker:You know, building out systems versus just picking up the phone and cold calling.
Speaker:number five, your time is worth more than rejection, So just
Speaker:because you could grin and bear it and smile and dial, why would you?
Speaker:if you are a cold caller and this rubs you the wrong way.
Speaker:But don't you think you are worth more than just getting rejected all day long?
Speaker:But yeah, but the numbers, you know, I, I know that I've gotten good
Speaker:enough at it where I can say this one liner and, you know, I can basically
Speaker:get through, you know, X number I started out as this and like, okay,
Speaker:great, but your time is worth more.
Speaker:There are way more efficient ways to generate business, And there's
Speaker:gotta be better things that you can spend your time on than just
Speaker:getting rejected all day long, right?
Speaker:Three, four, five hours of cold calling and getting rejected to find that one or
Speaker:two that are going to allow you to come and present to them That's number five.
Speaker:Number six is, once you figure out the inbound lead generation, You
Speaker:know, building out those systems, they convert at a massively,
Speaker:massively higher rate, like four to five times higher conversion rates.
Speaker:Well, way more than that.
Speaker:I mean, these are like people that are in your network.
Speaker:You're expanding.
Speaker:Basically, there are people that either know you or don't know you.
Speaker:The goal in our world is to generate inbound leads, organic inbound leads.
Speaker:That go into your, now they're sort of in your world and you're just
Speaker:following up with them with valuable information and they're raising their
Speaker:hands when they're ready, right?
Speaker:That's our lead generation, lead conversion system build out.
Speaker:We do that within 90 days at Million Dollar Agent Method.
Speaker:and if there's a bonus one, a number seven, is that cold
Speaker:calling is not scalable, right?
Speaker:So there's no way that you could scale cold calling.
Speaker:what are you going to do it for five years to get good enough at it?
Speaker:And then teach another way less motivated agent how to do it.
Speaker:Like there's no way it doesn't work.
Speaker:It does not scale.
Speaker:But you spend 90 days building out systems in milliondollaragentmethod.
Speaker:com.
Speaker:Go check out the seven minute video.
Speaker:You spend 90 days building out systems.
Speaker:You have what it takes to generate one, two, three closings per month.
Speaker:Without cold calling, right?
Speaker:So cold calling works for all you cold callers.
Speaker:Go to million dollar agent method.
Speaker:com suspend disbelief.
Speaker:There is an easier way to do this.
Speaker:I'm living proof that you do not to be, you do not need to be a cold caller.
Speaker:And the only true way to scale your business sustainably without it relying
Speaker:a hundred percent on your efforts is to figure out a way to build lead generation
Speaker:systems that do the heavy lifting for you.
Speaker:if that is you and you want to figure out how to build out those systems
Speaker:together, go to milliondollaragentmethod.
Speaker:com but we'll see you in the next, uh, training.
Speaker:Be good.
Speaker:Bye bye.