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Baylor BU Keller Center for Research Research Report
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Research Report

June 2010

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Keller Center Research Report - June 2010 (2.94 MB)
Personal "Touch" Portfolio (PTP): Connecting with the Right Clients
Dixon, Andrea

What causes most sales professionals sleep loss? "Satisfying my current clients" is frequently close to the top of the list. Yet, while many sales agents focus on current ...

Marketing and Sales, Lead Generation
The Necessary Conditions to Achieve Personal Selling Success
Fifield, Charles

Being an agent and having a career involving personal selling is essentially a for-profit business enterprise. Therefore, the basic goal of personal selling is to make money, net ...

Management
INSIDER: Ethical Salesperson Behavior in Buyer-Seller Relationships
Tweedie, Laura

Marketing professors, Dr. John D. Hansen and Dr. Robert J. Riggle, conducted a cross-sectional study of 206 purchasing agents to evaluate the implications of ethical behavior ...

Insider, Ethics
Building Blocks of Trust
Bellenger, Danny; Boles, James; Johnston, Wesley; Wood, (John) Andy

Agents are often advised, encouraged, and even admonished to gain the trust of the seller, the buyer, or both. This advice is based on a wealth of research that shows ...

Customer Relations
Consider the Role of the Trusted Advisor
Gonzales, Gabriel; Neu, Wayne; Pass, Michael

Individual agents with whom clients interface are often the most critical vehicle for developing and maintaining high-performing buyer-seller relationships (Palmatier 2008) ...

Service, Customer Relations
Wait ... I'll Do My Prospecting Right After I ...
Bryant, Trelithia; Dudley, George; Tanner, Jeff

Why do people go into sales? To make money. That’s no secret. It fits the stereotype. But, that doesn’t make it wrong or improper. One of the most common motivators for ...

Lead Generation
INSIDER: Managing Conflict in the Buyer-Seller Relationship
Johns, Drew

Approximately one in every six hours of a salesperson's or agent's time is spent dealing with conflict (Bradford and Weitz 2009, p. 35). The difference between losing a client ...

Customer Relations, Insider
Use the Person-Job Fit Approach to Find and Keep Top-notch Agents
Blocker, Christopher P.; Weeks, Bill

Good salespeople are still hard to find and keep over the long haul. The national turnover rate for real estate agents remains high and many individuals do not survive in the...

Management
INSIDER: The Female Brain
Welcome, Ivory

December 2009Dr. Louann Brizendine provides the technical perspective on the obvious physical differences between the minds of men and women in her appropriately titled book...

Marketing and Sales, Customer Relations, Insider
Giving the Client a Sense of Control Can Shape Clients' Satisfaction
Guo, Lin; Tang, Chuanyi; Xiao, Jing Jian

Satisfaction has been identified as a central determinant of client retention, and its effect on client retention has been intensively discussed within the paradigm shift from...

Marketing and Sales, Customer Relations
INSIDER: Tell 3000 Friends
Chou, Marc

In this age of emerging technology, the modern homebuyer holds countless devices to discuss his experiences with other peers. Tools from blogs, videos, consumer websites...

Social Media, Technology, Insider
Bouncing Back Following Failure
Dixon, Andrea

Sales is a profession in which one must not be a stranger to failure. Being a successful agent depends, in part, upon the ability to respond effectively to failure...

Management
INSIDER: Buyer/Seller Relationships
Sneed, Preston

How can the relationship between the buyer and seller prove to be more efficient? How can both parties benefit in the short-term and long-term from establishing a relationship?

Marketing and Sales, Insider
When A Customer is Grateful to Be Your Customer
Palmatier, Robert

"Relationship Marketing" (RM) refers to a long-term and mutually beneficial arrangement in which both the buyer and seller focus on value enhancement with the goal of...

Customer Relations
INSIDER: Recognizing Emotion in the Buyer-Seller Interchange
McLeod, Heather

How does the awareness of emotion impact interaction between buyer and seller? In "Perceiving Emotion in the Buyer-Seller Interchange: The Moderated Impact on...

Customer Relations, Insider
Selling is Really Shorthand for Storytelling
Fifield, Charles

When we buy something, we're really buying a story. A salesperson's job is to tell a story. For example, last year Americans bought six billion dollars worth of bottled water...

Marketing and Sales
Is Your Picture Worth 1,000 Words?
Mirabito, Ann

If you placed the business cards of agents at a real estate conference in a fishbowl, and then put the business cards of the people in the conference room next door in another...

Customer Relations
INSIDER: Consumer Emotional Confidence
Sneed, Preston

How does emotional intelligence affect consumer choices? In Emotional Calibration Effects on Consumer Choice published in the Journal of Consumer Research in December 2008...

Customer Relations, Insider
The Emotionally Intelligent Salesperson
Blocker, Christopher P.

Today's market offers home buyers and sellers an abundance of choices for selecting a real estate agent. In this increasingly competitive environment, communicating...

Marketing and Sales, Customer Relations
Language of Selling and Science of Persuasion
Pryce, Gwilym

Two and a half thousand years ago the grandfather of modern philosophy set out his thoughts on the science of persuasion...

Marketing and Sales
DISC Behavioral Styles and Selling Confidence
Wakefield, Kirk

What DISC behavioral characteristics best describe individuals who have an ability to sell? Who has the least confidence in their selling skills? In our latest studies examining...

Marketing and Sales
INSIDER: Consumer Emotional Intelligence
McLeod, Heather

How does emotion impact the purchase decision? In Consumer Emotional Intelligence: Conceptualization, Measurement, and the Prediction of Consumer Decision Making...

Customer Relations, Insider
Closed-Loop Lead Generation
Tanner, Jeff

Leads are the lifeblood of any successful real estate agent - there's probably not a single agent with any experience who hasn't heard that in one form or another. Yet most create...

Lead Generation
The Three Most Important Words in Highly Effective Personal Selling
Fifield, Charles

For the business in which personal selling is an integral component of its strategy for sustainable market success, the three most important words to guide its future...

Marketing and Sales
INSIDER: Efficiency of Franchising
Simpson, Jacqueline

Is franchising in the residential real estate brokerage market efficient? What are the impacts on firms by franchising? What are the benefits for firms when franchising?

Management, Service, Insider
DISC Behavioral Styles and Sales Performance
Wakefield, Kirk

Does an agent's behavioral style influence performance? Do groups or offices work better if there is an appropriate mix of individuals with different behavioral styles? What is a...

Management, Customer Relations
INSIDER: Referral Reward Programs and Referral Likelihood
Blake, Suzanne

How can referrals affect your business positively? Conversely, what is the significance of the damage they can inflict? Referral reward programs can play a considerable role in...

Insider, Lead Generation
Stress: It is Your Business!
Pullig, Chris

Are you stressed? Are the people you work with stressed? Undoubtedly, we all feel somewhat stressed these days. However, stress is not universally bad...

Management
INSIDER: The Effects of Friendship on Business Relationships
Gregory, Bryan

How do you manage friendship in your business? If the answer is "I don't," then this study may change how you do business. The effects of friendship on business...

Customer Relations, Lead Generation
Lead Conversion: Adaptation, Influence, and Customer Value
Blocker, Christopher P.; Indergard, Laura; Matcek, Chris; Simpson, Jacqueline

A national study was conducted to explore the approaches that real estate agents use to influence their clients in face-to-face meetings. Findings revealed the following insights...

Marketing and Sales, Lead Generation
INSIDER: Cause-Related Marketing
Matcek, Chris

How do your agency's marketing campaigns influence not just your customers but your agents as well? In Linking Cause-Related Marketing to Sales Force Responses and...

Management, Insider, Ethics
What Do Consumers Expect from Real Estate Agents
Blake, Suzanne; Gitau, Tara; Gregory, Bryan; Indergard, Laura; Matcek, Chris; Pullig, Chris; Wakefield, Kirk

How do home buyers or sellers decide on an individual agent? We conducted a focus group among recent home buyers and sellers asking just that question...

Marketing and Sales, Customer Relations
INSIDER: Probability of Sale
Matcek, Chris

Is there a way to tell ahead of time how likely a listing is to sell? In The Probability of Sale for Residential Real Estate (Journal of Housing Research) Ken H. Johnson, Justin D...

Financials, Marketing and Sales, Insider
Housing Prices Likely to Turn Around in 2009, Survey Finds
Indergard, Laura; North, Charles; Pullig, Chris; Simpson, Jacqueline

Housing prices are likely to stop falling by the end of 2009, say nearly three-fourths of economists in a recent survey. In addition, life-cycle issues, such as needing a home...

Financials, Marketing and Sales
What is Brand Equity and What Does the Branding Concept Mean?
Pullig, Chris

Brand equity is a term most of us are familiar with and probably even use from time to time. But, as with many business concepts we may have a less than perfect...

Marketing and Sales
INSIDER: Effective Use of Your Marketing Budget
Indergard, Laura

How did you spend your marketing dollars this year? Do you really know how effective they were? In A Three-Stage Model of Integrated Marketing Communications at the...

Marketing and Sales, Insider
Lessons From the Top: Strategies for Building Your Business Game
Schleeter, Lynn

Real estate professionals looking for a winning business strategy should take a hint from high performers in sales who responded to a recent national study...

Management, Marketing and Sales
Want to Convert More Leads? Dig Deeper into What Customers Value
Blocker, Christopher P.

Today's consumers are demanding and more sophisticated than ever. They have a world of information at their fingertips - and in a crowded real estate market they know they...

Service, Customer Relations
How Consumers Respond to Commissions
Mirabito, Ann

The traditional real estate commission structure is under fire. Commissions used to average six or seven percent, but with the escalation in housing prices over the...

Financials, Marketing and Sales
INSIDER: Making the Most of Website Advertising
Matcek, Chris

Are you using your website to its maximum potential? How do you know if your marketing initiatives are really bringing in sales leads? In A Two-Stage Model of the Promotional...

Technology, Insider, Lead Generation
A Strategy for Referrals Pays Big Dividends
Lill, David; Lill, Jennifer

Location, location, location - three critical words in real estate! But there are three other words that perhaps are even more important: referrals, referrals, referrals...

Customer Relations, Lead Generation
INSIDER: Current Trends in Web Data Analysis
Blake, Suzanne

Is it possible that you could be using web data analysis more extensively? In Current Trends in Web Data Analysis, Arun Sen, Peter A. Dacin, and Christos Pattichis...

Technology, Insider
Lead Generation: What Really Works?
Blake, Suzanne; Indergard, Laura; Pullig, Chris; Simpson, Jacqueline

As a way of beginning to understand what really works in the area of lead generation, a survey was created and conducted with a large group of real estate professionals...

Marketing and Sales, Lead Generation
Selling the Lean Way
Fifield, Charles

To achieve increased productivity, competitive advantage, and profitability, high value-creating businesses around the world have consistently turned to "lean thinking" for...

Financials, Management
Marketing Efforts Take Time, According to Keller Center for Research

Keller Center for Research Executive Director Randy Hacker shares advice to sellers on HomeLight.com on how to test their real estate agent's marketing plan.

Marketing and Sales
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Hankamer School of Business

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