Archive for the ‘ Marketing ’ Category

How Does Your Website Attract Prospects?

Two words: Sticky content.

gumSticky content is information (web site content) that makes people stick around and return for more. Examples are how-to articles, tips and tricks, beginner’s guides, and any other free information that your clients and prospective clients would find of value.

Keep in mind that the more content you have, the stickier your site is. Sticky is good for at least three reasons: It gives your visitors a reason to come back again and again; it gives your visitors a reason to tell others about your site; and it demonstrates your expertise for people who are interested in your services.

With good content, you will be able to gather leads, acquire names for your mailing list, as well as offer good reasons for your visitors to tell their friends and colleagues about you.

How to Get 50 Advocates

PictureOne of the best ways to save costs and improve your ROI is to shift is from traditional marketing to advocate marketing. So you will need to put as much effort into referrals as you do into marketing efforts. Remember if you had 50 advocates that give 2 referrals a year is 100 great leads a year. Here’s some things to keep in mind -

  1. It’s easy to create 50 advocates.
  2. Make it easy for people to advocate for you.
  3. Appreciate and thank them for their advocacy.
  4. Tell them how to be an advocate.
  5. Continue to innovate your services so it’s easy to be an advocate for you.
  6. Make you service clearly better then anyone in the market.
  7. Live your service/values/philosophy don’t just sell’em.
  8. Get really good at using 3rd party edification to your advantage.

 

Have you ever done a seminar?

Picture

Seminars are great to put on for your SOI, farm and target markets and can be tailored to suit your audience. For example, there are several agents I work with who have had very successfully seminars for investors, first-time buyers, financial aid for kids going to college, health and wellness, etc.

Just having an event will get you a jump in your SOI yield and establish you as an expert in your field, and the events multiply their effectiveness (and cost less) when you involve your strategic partners and invite their client base to join the event.

 

“The Curse of Knowledge”

If you haven’t read the book Made To Stick by Chip Heath and Dan Heath yet you should plan on picking it up today on your way home.  It is a great primer on how to generate buzz, convey ideas that last and how to maximize your advertising and marketing dollars.

One of the villains they talk about overcoming in the book is “The Curse of Knowledge.”  Usually we look at knowledge as a good thing (it’s pursuit would even cause me to go out and pick up this book for example) but many times it’s what we think we know or what used to work that kills us.  Take this market for example.  The fundamentals are still just as applicable as they were 30 years ago.  We still need to spend each day getting to know new people, negotiating contracts and finding willing buyers and sellers to bring together for a mutually beneficial outcome.  But HOW we go about doing that has changed a bit over the years (or year for that matter).   Our tactics and tools need to change and what we need to be constantly open to growing , learning and changing.

Every day, starting today, commit to growing in something that is tangible, measurable and meaningful.  Maybe it’s sharpening your skills, your knowledge about your industry or business, or looking at ways to stay ahead of the curve.  Take 15-30 minutes a day and watch what a difference that time makes in the next week, month and year.

Create a one sentence self-introduction

PictureDo you have a good answer when someone asks what you do? Is it compelling? Is it different?
Does it lead to more conversation?

One of the best marketing weapons you can develop is a great self-introduction. Make it different, make it “sticky” for the memory, make it sound like you, make it short enough to fit on the back of a business card.

For example, if I work trophy homes in Newport Beach, California - instead of saying “I’m Stephen with XYZ Realty” say “I’m Stephen and I assist VIP’s with their trophy homes on the coast” or If I work less than perfect clients say “I’m Stephen and I make round pegs fit square holes in the real estate market.”

Still stuck? Give us a shout and we’ll work on it together!

Gary Vaynerchuck

I came across this video today digging through my archives that really is an amazing 30 minutes on personal branding, social networking and internet marketing from Gary Vaynerchuck from the Inman conference.

Hope you enjoy!

The Real Scoop On ‘Sound Bites’

One of the most common misconceptions I encounter regarding ‘Sound Bites’ that one has from 30 to 45 seconds to make one’s case.  And, frankly, :45 Seconds may be to long; you run the risk of boring your listener to tears. That’s not what you want, is it?

PictureA true ‘Sound Bite’ can be delivered in, well, a small bite.

Sound impossible? It’s not.  We know that most people have very short attention spans, so you can be sure that 45 seconds of talking “at” your prospect is not what a ‘Sound Bite’ is all about.

When dealing with busy people, we just need / want a few seconds to deliver a pitch that would engender enough interest to merit a meeting. That means that we have to say just enough to explain the key benefits of our real estate services to whet the listener’s appetite for more details.

Obviously, the your name, company name, title, or any other information connected with your real estate business that doesn’t scream “GOTTA HAVE IT” is irrelevant to the initial pitch or ‘Sound Bite’. Sound counter-intuitive? I mean, isn’t more information better?

More information really isn’t better in this case, because if one has only three to four seconds (and trust me, that really is all the time you have to grab someone’s attention) one needs to spend that time talking about something that interest’s one’s audience. And frankly, your audience doesn’t care who you are or what your name is until you have convinced them of your value.

Smart writers and producers in Hollywood figured out how to use some sort of shorthand or phrases that made the most of their three to four seconds. For example, how about this eight-word three-second pitch for a movie: “Die Hard on a bus with Keanu Reeves.”

What this tells the listener (the person with the power to get this project made) is that the movie being proposed is an action film with the potential for sequels featuring some sort of law officer in a life-or-death struggle with an evil villain, as well as a love interest with a conflict of some sort, and that it has a bankable star attached.

PictureThe benefits presented in the ‘Sound Bite’ above included comparative revenue expectations (“Die Hard” was a blockbuster, meaning that it made more than $100 million in initial release, and three profitable sequels were made) with the added insurance of a big-name star.

The benefits were immediately obvious, and the only decision to make was whether or not the studio exec wanted to make this blockbuster action movie. If the answer was yes, there was a basis for conversation.

Notice that some important information was left out, enticing the interested listener to ask questions, such as: Who do you see as the love interest? Who do you see as the villain?

And even more information was left out that could be disclosed in the ensuing conversation to set the hook, such as the villain twist: Instead of an international drug kingpin or illegal arms dealer, the villain in this picture is…a disgruntled cop!

Good information, yes, but totally unnecessary until the interest was established, as were the names of the rest of the players and the cost of the project.

Did that movie get made? Yes, it did. “Speed” starred Keanu Reeves, Sandra Bullock and Dennis Hopper. It’s truly forgettable follow up (remember, the “Die Hard” reference promised franchise potential) was “Speed 2,” so of course people aren’t pitching many movies using “Speed” as a reference to indicate sequel potential.

Kind of a no-brainer way to do business, wouldn’t you say?

Want to attract the interest and immediate attention of your ideal clients using this ‘Sound Bite’ technique created in Hollywood? Develop a ‘Sound Bite’ that presents the most intriguing and meaningful information first, so that continuing the conversation with qualified (interested) prospects is a no-brainer.

Once you’ve hooked your audience’s interest, you can start filling in the details, including your name, your title, your company name, and any other information is pertinent to the discussion.

PictureYou should focus on shifting from attempting to serve any and all potential customers to identifying and serving your ideal clients better. This upgrading process ultimately helps your viability and is continual, so keep losing the average customers and replacing them with those that are loyal, profitable and enjoyable.

Some key points to keep in mind -

- Remember profitability is dependent on serving your ideal/best customer not every customer. It’s ok to lose customers that are too costly.

- Pay attention to all customers for niche and innovation ideas, but get to know the top 20% of your customers.

  • Why they use your service.
  • What they want improved about their lives.
  • How they feel and talk about you.
  • How you can improve your service.

- Define your great clients as the ones that keep using your service and refer others consistently.

Tracking PR Effectiveness

 

 

 

 

  Tracking PR Effectiveness  
     
 

pictureThere’s an old sales adage that says “People buy from people they know, like and trust,” and public relations (PR) is one of the most cost-effective ways to build the awareness, goodwill and credibility that help influence buying decisions.  Not that we would suggest that REALTORS® use PR to the exclusion of all other marketing tactics, but a healthy dose of PR, combined with a little advertising, direct mail, or other tactics, can provide a big sales boost for many small businesses.

But how can you determine if the campaign is worth the investment?  You might think that gauging a campaign’s impact on immediate sales makes the most sense, but bear in mind that only a direct sales campaign can be measured that way. 

Most marketing programs for small businesses, especially retail, professional services (REALTORS®, CPA’S, etc.) serve to generate a pool of potential clients.  The onus for converting prospects into customers rests with the client, not the campaign.

Here are a few ways to measure the results of your campaign without relying on raw sales data. As with many marketing tactics, tracking the results of your PR campaign can be difficult if you don’t know what you’re looking for, so consider using some of these techniques:

  • Track the number of inquiries or leads your business receives via phone, drop in or web visits.  You’ll need to start by establishing a baseline for each inquiry stream before your campaign starts so that you’ll know whether or not your campaign is actually drawing in more leads.
  • Ask your prospects how they heard about the real estate services you offer.  Know that many people may not remember exactly where they heard about your business, unless it was the result of research such a through the Yellow Pages.  This is good, because it means that your PR campaign is working!  PR is supposed to have a “ripple effect” so that one person who sees a story tells another,  adding to the pool of people who are informed about your business through the PR, plus adding the weight of personal sanction to the referral.
  • Create a campaign-specific offer through your web site with a unique URL, such as a coupon or special program that is only mentioned in your PR.  By isolating an offer this way, you can see how effective your pitch was by counting exactly how many people respond to your offer (of course, that’s assuming the offer is enticing enough to draw interest).
  • Compare historic sales patterns for each year by month to see when or if your business has seasonal sales cycles. Keep in mind that it is always easier to boost a high cycle season’s sales because there are often external factors that drive customers. For example, as a REALTOR® if you work in a ski resort area, perhaps you’ve noticed a jump in sales during the holidays. That time of year (and right before) would be the perfect time to add PR to your marketing mix so that when potential clients are ready to purchase, your Resort Expertise has top-of-mind awareness.

While your story in the newspaper or on TV may motivate someone to get off the couch and take action, an actual buying decision may be based on price, location or convenience.  That’s why developing clear goals and measurement metrics for your PR campaign are so important, so that you can get the maximum return on a minimum investment.

 

 

 

 

 

 

 
  Chris Pollinger, Mastery Coaching  
         
  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.  
     
  Recommended Reading –  
         
         
         
  Copyright 2007-2010 – Mastery-Coaching.com and Chris Pollinger – ALL RIGHTS RESERVED.  
     
 

 

 


The Secrets to Direct Marketing

 

 

 

 

 

  The Secrets to Direct Marketing  
     
 

2Consistency is absolutely key.  Consistency will trump all other factors.  Rule of thumb is 1 x week for the first 10 weeks then every 10 days until you have 35% market share or more.  Only then can you go to 2 x a month.  With that said, I will tell you that in our media planning with clients we stack the mail to reflect the coming trends in production.  For example, we do less mailing in November and December (1 piece each) and save the extra pieces for February and March which is 6-8 weeks before the busy listing season. It’s a game of impressions a year and keeping top of mind. Anything less is a waste of money. 

Branding will save you money.  If you are going to take on a direct mail campaign to a geographic farm or target market it will save you thousands of dollars to pay someone to help brand yourself well.  Every piece should fit together and be easily recognizable as yours.  Every message should have a consistent thread that ties back into your brand and tagline.  Good marketing campaigns don’t start from scratch every time you send something out, they build on the previous messages and tie into the future ones.

  1Budget before you get started.  Budget for a year at a time.  We encourage clients to take 15-20% of their gross commissions and put them into their marketing budgets if they are wanting to grow (10% if they want to maintain).  Out of the money that comes in, we allocate and take on mail campaigns is 12 month intervals. Only take on the amount of houses that you can dedicate and be consistent for a 12 month period.  It is better to have a smaller number of homes and do it right than run out of marketing funds or cut corners.

Purpose is essential.  Ask yourself what it is you are trying to accomplish with each piece.  Every piece should have a reason and clear and distinguishable benefit to the recipient.  Every card needs to be written from the “what’s in it for them” perspective.  If you are sending out cards to try and get the phone to ring, every card should have a reason and call to action to do so.  Plan your campaigns a year at a time, not only will they make more sense and tie together with your branding better, but you will see a much better return on investment with a focused campaign.

Automate everything.  Once you have your year planned out, send the camera ready files to the printer with your schedule and credit card.  Let them handle the printing, addressing and mailing and charge your card as they go.  The less interaction you have with the process the less opportunity for unnecessary delays and to mess it up. 

 

 

 

 

 

 

 
  Chris Pollinger, Mastery Coaching  
         
  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.  
     
  Recommended Reading –  
         
         
         
  Copyright 2007-2010 – Mastery-Coaching.com and Chris Pollinger – ALL RIGHTS RESERVED.