Boston Real Estate Tycoon's 5 Easy Steps for Marketing to the Affluent The most important skill in sales is connecting with people. Benefit from top tips from elite broker Michael Carucci's extreme focus on relationships.

By Stacey Alcorn Edited by Dan Bova

Opinions expressed by Entrepreneur contributors are their own.

I recently had a sit-down with one of the top real estate agents in Boston, Michael Carucci.

Last year he closed 16 sales in Boston, for a combined total of $71 million in transaction value. He caters to Boston's elite, people who are in the market for multimillion-dollar properties.

His niche is marketing to the affluent and, in a recent meeting, he shares with me five simple steps to gaining business and trust from the elite.

Related: Selling in the New Luxury Market -- It's All About the Mustard

1. Connect.

The most important skill in sales, Carucci says, is connecting with people -- not through mailings, social media or advertising but rather through personal, one-on-one dialogue with everyone you meet.

To do this, Carucci explains, you must always be listening and taking mental notes about what people care about and then step into their shoes to figure out what would make them feel special and cared for.

Recently, some buyers were driving from New York to Boston for a closing on a property and weren't expected to get home until late at night due to traffic and weather delays. Carucci thought about what he could do to help them in their stressful situation.

Carucci came up with an idea: food shopping. He had a team member do a full food shop for the clients, even taking into account their child's allergies.

Upon reaching their home, the clients were delighted to find their new kitchen stocked with enough food to feed an army. "When you listen to people, you can find out what they need and act upon it," Carucci says. "That's how you connect."

2. Immerse yourself.

You must live the life that your potential clients live. You can't decide to just market to the affluent unless you live, work and play among them. People do business with people who are like them.

One of Boston's most elite addresses is The Four Seasons, a hotel and luxury condominium development. Carucci sells units there every year. Why? He lives there, among the people he works with. They are his friends, neighbors and business associates, all rolled into one.

Related: 7 Psychological Strategies for Mastering Sales Negotiations

3. Remember it's quality vs. quantity.

Too many sales professionals pursue huge quantities of prospects, Carucci says. He concentrates on quality, he says. He doesn't want to sell 100 properties: He wants to sell 10 or 20 to elite Boston clients.

When Carucci hosts an open house for a unit, he prefers to do it during a Patriots football game or a snowstorm. Why? The best prospects are the ones out shopping for a property when nobody else is.

4. Mention you're never too busy to help.

One of the biggest misconceptions about highly successful salespeople is that they are too busy for more business, Carucci says.

Therefore, Carucci makes it a point to remind people he meets throughout the day that he is always available to them if they need any help with real estate or anything else. He says that he's doesn't go over the top asking for business all the time, but rather he regularly reminds potential clients that he's never too busy if they need him.

5. Keep in touch after the closing.

Most salespeople think their job starts when a potential client falls in their lap. "Not true," Carucci says. His work really begins after the closing, he says. That's when he has the opportunity to truly show clients that he cares about them. A big part of his work includes helping clients with whatever they need in life after they've bought their home.

He has helped children of clients be admitted into private schools. He has made business connections for his clients. He has even procured hard-to-find concert tickets. Sales is a relationship business and as such, the relationship continues after the sale has been made.

Stacey Alcorn

Author and Entrepreneur

Stacey Alcorn is CEO of Boston-based Laer Realty Partners.  She owns and operates several businesses in the Boston area including a consulting firm, a law firm and a fashion line. She is the author of REACH! -- Dream, Stretch, Achieve, Influence.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Science & Technology

This AI is the Key to Unlocking Explosive Sales Growth in 2025

Tired of the hustle? Discover a free, hidden AI from Google that helped me double sales and triple leads in a month. Learn how this tool can analyze campaigns and uncover insights most marketers miss.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

A New Hampshire City Was Named the Hottest Housing Market in the U.S. This Year. Here's the Top 10 for 2024.

Zillow released its annual lists featuring the top housing markets, small towns, coastal cities, and geographic regions. Here's a look at the top real estate markets and towns in 2024.

Business Ideas

Is Your Business Healthy? Why Every Entrepreneur Needs To Do These 3 Checkups Every Year

You can't plan for the new year until you complete these checkups.

Business News

'We're Not Allowed to Own Bitcoin': Crypto Price Drops After U.S. Federal Reserve Head Makes Surprising Statement

Fed Chair Jerome Powell's comments on Bitcoin and rate cuts have rattled cryptocurrency investors.