| The Law of the Word | ||||
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Secrets to Successful Branding – The Law of the Word If, we, as the real estate community really understood the concept of branding and its importance, we would save a fortune by cutting the misplaced dollars we are spending in the name of “getting their name out there.” Most of us are re-treads – people who fell into this business and came from some other background. In 15 years of asking, I’ve only found one person who grew up wanting to be a real estate agent (and she is no longer in the business). I can’t tell you how many people I’ve interviewed as a Broker that said the reason they wanted to be an agent was because they liked houses and people. If that is the sole reason they are here my advice to them has been – “Don’t get started in this business because in 6 months you will hate them both.” Those that make it in this industry in today’s world are those that approach it with an amount of business prowess. Unfortunately, that isn’t taught in the “learn everything you need to know to become successful in real estate in two Over time, those that emerge as mega agents realize that to truly win in this you must realize that it is a business not a career (and there is a major difference) and start learning how to become the “RainMaker.” Although we have dozens of proprietary campaigns to generate more leads, from time to time, we need to strip back to the basics and dive into the philosophy to align ourselves with the right thinking to launch our business to the next level. This week, it’s all about how to brand effectively so that you may maximize your ROI in any marketing or advertising program your engage in. From Al Ries, a master of marketing and branding in the retail sector, we take the lessons and apply the fundamentals to our real estate businesses.
In Branding , There is the Law of the Word There is a limited amount of real estate in our consumer’s active memory. The lion’s share of the space going to the things that weighs most heavily on their mind. Because this resource is precious and limited your brand should strive to own a single word or concept in the eyes of the consumer. You are not competing with other agents; you are competing against every other professional and service industry. You have an advantage because real estate and the client’s home equity can be leveraged as an important value on a constant basis with spikes of interest as it comes time to move. But you must keep the importance on the consumer’s top of mind with all the other competing interests vying for attention. You want to establish yourself as the expert and go-to person for real estate regardless of where they are in the buying or selling process. Become their resource and contact. Ideally, you want to get to the point where when your perfect client drives past a competitor’s sign, they think of you.
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| PS. Have you seen our individual agent and team program that combines coaching, advanced marketing strategies with hundreds of pieces of personalized print ready marketing collateral, specialized training, and all the tools you need to get into the top 1% of agents nationwide? Check out YourRECoach.com for more the details. | ||||
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weeks” class. So, we throw the newbies to the vultures (vendors who sell BS products that do nothing but line the pockets of the vendors and serve as filler our nation’s dumps). We let them sling mud on a wall and see what sticks and hope against hope that they will be one of the very few fortunate ones who will survive the first three years.

Just because something is inconsequential or even irrelevant, doesn’t mean that it will always be that way. Think of Detroit and how they ignored the Japanese car manufacturers importing to the U.S. in the 60s. Or how CBS’s former owner Tisch ignored the synergy of having a cable or Internet affiliation because he couldn’t justify the investment on an immediate return-on-investment basis. Or how Hollywood is just now getting that the Internet may well take over a lot of their customers. Perhaps the details are precursors or early warning signals — they are telling you something about the future (positive or negative). Until recently, you’d have had the luxury of waiting for real evidence of an emerging trend, but now, given how fast things are changing AND how savvy others are (who ARE paying attention to nuances and details), you cannot afford to wait. You just can’t. Details are GOLD. Treat them that way.
First, if I asked how much of your business comes from your SOI, you’d probably tell me that it is 70-90%. Although that is true, it is very hard to use that in a meaningful way when we are trying to grow our net income. With our coaching, we use the yield number. You would work through your individual yield during your initial coaching session and re-visit it annually during your yearly check up so you can stay on track. But as a reminder, your yield is how many transactions out of every 100 SOI relationships you generate a year.

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