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Casual Articles - Positioning Strategies For Real Estate Agents
What It Takes To Succeed In Business ful?
Absolutely!In the not to distant past businesses were able to succeed simply with salespeople having a knowledgeable understanding of their products, some good old personal charm (people skills) and ambition.But in today’s terrorized world, complex global economy, and intensely competitive business environment, salespeople from the small mom and pop to large corporate giants in every market face unprecedented challenges.We heard several years back that technology, along with the Internet, set up an even playing field for all businesses. Many thought that technological innovation would be their magic potion for success in business. It is true that many have had an unequal advantage in business and life because of technology. But, remember the Dot.Com bubble that burst?Communications, science, art, medicine, automation, supply chain and products have all been reinvented and have brought abo First-time home buyers are inexperienced. They don’t know what to expect, what the whole buying process is going to be like, how long will it take, what possible hiccups might occur, etc. They are in a place where they don’t know what they don’t know. Do you think they have different needs/concerns compared to those who have bought a house before? Of course! If you are able to gain their trust, do you think they will look for someone else? The point is this: you have the information that first-time buyers are looking for (in fact all real estate agents should know these information). But by letting them know that you are the expert who can guide them through the whole process safely, will in itself, earn you a closed deal. You might need to make some minor changes in the way you do things, such as explaining the buying process more thoroughly, going through the nitty gritty details that you won’t normally need to with experienced buyers, etc. But all these will help to cement your positioning and branding as the expert to serve first-time bu The Importance of Background Checks Just recently I was asked to do a talk for my good friend and co-author
of our best-selling book in Singapore titled Get Rich Now: 15
Strategies from a Self-made Millionaire, Dr Dennis Wee. (Dr Wee is one of
Singapore’s most celebrated entrepreneurs. Despite not having completed his
high school education, he managed to start and build up his own real
estate company, Dennis Wee Group, to become of Singapore’s leading real
estate companies generating S$3.8 billion worth of sales in 2006.)Most businesses deal with sensitive information at some level. This may range from handling social security numbers, credit card information, drivers license information and other types of personal information. In order to assure clients and customers that their information is being handled properly, it is the duty of the business owner to take the necessary step in getting a thorough background check on all employees. Personal and professional references are still a good method, however, they should not be relied upon solely. It should be obvious that prospective employees will give names of those who will give a good reference; background checks pick up where references stop – they will give you accurate and in-depth information regarding the candidate.Background checks are available to cover a wide variety of areas. Drivers license, character references, personal acquaintances, education He wanted me to share some marketing secrets with his real estate agents and I was more than happy to do so because I believe there’s so much more that agents can do to position, brand and market their services. Sadly, most agents, whether in real estate or financial services (insurance) or any other industries, tend to see themselves just as a salesperson. This perception of themselves is limiting their growth and income! By thinking that they are just salespeople, they don’t see the possibilities of growing their careers into full-fledge businesses. There are so much more benefits for someone to think big and build a big business, compared to just existing, and making a living. Donald Trump said: “If you’re going to be thinking, you might as well think big.” But that’s another topic for another session. Here, I’m going to show you some detailed examples of how an agent can differentiate himself using some simple positioning and branding strategies that I have used with other clients to great success. Many people perceive that being an agent in any industry is like being a salesperson. Someone who is always competing with all the other thousands of salespeople in the industry. To a certain extend it is correct. Those other agents are also looking for the same deals that you are. It is a matter of who gets the deal first. So they are relentlessly going out there to cold prospect. Now, I am not a fan of cold prospecting. To me, cold prospecting is like bashing your head against the wall, hoping it will crumble before you start bleeding… most people just end up being very disappointed. Why do you think new agents don’t last long? I strongly suspect it’s because they realized that their heads can’t go against the wall. But there are ways to turn the table around. In my talks I like to ask the audience: Would you prefer to work hard and look for prospects, OR would you prefer to let your prospects seek you out? The answer is obvious. But more than just having less work and an easier time, there are deeper psychological advantages to being able to let your prospects seek you out instead of you cold prospecting them. Simply said, when you seek someone out, you will be open to the person’s ideas, advice, expertise. That is the reason you seek him/her out in the first place—to get expert advice. There won’t be the wall of resistance you’ve grown accustomed to when you cold prospect. In fact, now it’s them who are jumping over hoops to seek you out in your domain. Man, it’s always exciting to talk about this! Believe me, it’s a whole new paradigm. Imagine you becoming a celebrity overnight and people are just doing everything they can to get in touch with you. Think of stars of reality shows like Survivor and American Idol… It is that powerful! So how can you achieve that? Let’s look at a typical scenario: You have probably have opened your letter box day after day only to find it stuffed with piles of flyers from various real estate agents. Just take a closer look. You will realize that all of them claim to be the “specialist” in the area. Now if everyone is a specialist, then does it matter who you call? Absolutely NOT! “But I’m different from the rest. I have more experience, quality, etc…” you protest. Let me be upfront. It doesn’t matter who you are or what your background is. If the prospects don’t recognize that straight away, you are just like everybody else. No matter how different you think you really are. Repeat after me: If you are like every-body else, you are a no-body. Remember: It’s all about their perception, not yours. So instead of being just another area specialist, be different. So far I’ve not come across any agent who positions him/herself as the specialist to serve “first-time home buyers”. Do you think that is powerful? Absolutely! First-time home buyers are inexperienced. They don’t know what to expect, what the whole buying process is going to be like, how long will it take, what possible hiccups might occur, etc. They are in a place where they don’t know what they don’t know. Do you think they have different needs/concerns compared to those who have bought a house before? Of course! If you are able to gain their trust, do you think they will look for someone else? The point is this: you have the information that first-time buyers are looking for (in fact all real estate agents should know these information). But by letting them know that you are the expert who can guide them through the whole process safely, will in itself, earn you a closed deal. You might need to make some minor changes in the way you do things, such as explaining the buying process more thoroughly, going through the nitty gritty details that you won’t normally need to with experienced buyers, etc. But all these will help to cement your positioning and branding as the expert to serve first-time buy Mark It On Your Calendar r someone to think big and build a big business,
compared to just existing, and making a living. Donald Trump said: “If
you’re going to be thinking, you might as well think big.” But that’s
another topic for another session.Your company needs a boost to be known far and wide. You are thinking of a good promotional item that would not really cost that much for you and your customers can always make use of.You look around – you want something lightweight and can be placed in the pocket. You also want something that your customer would be able to remember your company always. You want something practical that your customers would really need.And this is how you decided to include calendars among your promotional items. Its lightweight, not that costly and customers would be able to remember your company as well. It is also very practical to use so that customers would be able to identify special dates.Mark It So it is all set, you decided to use calendars on your list. You want to mark all the important dates in a year – religious and civil holidays, days with legal significance.Some business Here, I’m going to show you some detailed examples of how an agent can differentiate himself using some simple positioning and branding strategies that I have used with other clients to great success. Many people perceive that being an agent in any industry is like being a salesperson. Someone who is always competing with all the other thousands of salespeople in the industry. To a certain extend it is correct. Those other agents are also looking for the same deals that you are. It is a matter of who gets the deal first. So they are relentlessly going out there to cold prospect. Now, I am not a fan of cold prospecting. To me, cold prospecting is like bashing your head against the wall, hoping it will crumble before you start bleeding… most people just end up being very disappointed. Why do you think new agents don’t last long? I strongly suspect it’s because they realized that their heads can’t go against the wall. But there are ways to turn the table around. In my talks I like to ask the audience: Would you prefer to work hard and look for prospects, OR would you prefer to let your prospects seek you out? The answer is obvious. But more than just having less work and an easier time, there are deeper psychological advantages to being able to let your prospects seek you out instead of you cold prospecting them. Simply said, when you seek someone out, you will be open to the person’s ideas, advice, expertise. That is the reason you seek him/her out in the first place—to get expert advice. There won’t be the wall of resistance you’ve grown accustomed to when you cold prospect. In fact, now it’s them who are jumping over hoops to seek you out in your domain. Man, it’s always exciting to talk about this! Believe me, it’s a whole new paradigm. Imagine you becoming a celebrity overnight and people are just doing everything they can to get in touch with you. Think of stars of reality shows like Survivor and American Idol… It is that powerful! So how can you achieve that? Let’s look at a typical scenario: You have probably have opened your letter box day after day only to find it stuffed with piles of flyers from various real estate agents. Just take a closer look. You will realize that all of them claim to be the “specialist” in the area. Now if everyone is a specialist, then does it matter who you call? Absolutely NOT! “But I’m different from the rest. I have more experience, quality, etc…” you protest. Let me be upfront. It doesn’t matter who you are or what your background is. If the prospects don’t recognize that straight away, you are just like everybody else. No matter how different you think you really are. Repeat after me: If you are like every-body else, you are a no-body. Remember: It’s all about their perception, not yours. So instead of being just another area specialist, be different. So far I’ve not come across any agent who positions him/herself as the specialist to serve “first-time home buyers”. Do you think that is powerful? Absolutely! First-time home buyers are inexperienced. They don’t know what to expect, what the whole buying process is going to be like, how long will it take, what possible hiccups might occur, etc. They are in a place where they don’t know what they don’t know. Do you think they have different needs/concerns compared to those who have bought a house before? Of course! If you are able to gain their trust, do you think they will look for someone else? The point is this: you have the information that first-time buyers are looking for (in fact all real estate agents should know these information). But by letting them know that you are the expert who can guide them through the whole process safely, will in itself, earn you a closed deal. You might need to make some minor changes in the way you do things, such as explaining the buying process more thoroughly, going through the nitty gritty details that you won’t normally need to with experienced buyers, etc. But all these will help to cement your positioning and branding as the expert to serve first-time bu Live Chat Support and Non-profit Organizations ect it’s because
they realized that their heads can’t go against the wall.Non-profit organizations have probably established web-presence to present the goals of the organization, to provide information about current and finished projects and probably attract more people to join you. These institutions can include educational facilities (schools, faculties, and research institutes), embassies, organizations supporting businesses or even government bodies.If you are a non-profit website owner, you must also have goals identified which you are trying to achieve through web-presence. For example: bloggers, independent journalists or experts in any field.In the both cases, when profit is not in question, it all comes down to achieving goals of common interest. It is important here to spread the word and get the opinion and support of as much people possible. Your website can only present yourself, your ideas and knowledge. It can also provide content from speci But there are ways to turn the table around. In my talks I like to ask the audience: Would you prefer to work hard and look for prospects, OR would you prefer to let your prospects seek you out? The answer is obvious. But more than just having less work and an easier time, there are deeper psychological advantages to being able to let your prospects seek you out instead of you cold prospecting them. Simply said, when you seek someone out, you will be open to the person’s ideas, advice, expertise. That is the reason you seek him/her out in the first place—to get expert advice. There won’t be the wall of resistance you’ve grown accustomed to when you cold prospect. In fact, now it’s them who are jumping over hoops to seek you out in your domain. Man, it’s always exciting to talk about this! Believe me, it’s a whole new paradigm. Imagine you becoming a celebrity overnight and people are just doing everything they can to get in touch with you. Think of stars of reality shows like Survivor and American Idol… It is that powerful! So how can you achieve that? Let’s look at a typical scenario: You have probably have opened your letter box day after day only to find it stuffed with piles of flyers from various real estate agents. Just take a closer look. You will realize that all of them claim to be the “specialist” in the area. Now if everyone is a specialist, then does it matter who you call? Absolutely NOT! “But I’m different from the rest. I have more experience, quality, etc…” you protest. Let me be upfront. It doesn’t matter who you are or what your background is. If the prospects don’t recognize that straight away, you are just like everybody else. No matter how different you think you really are. Repeat after me: If you are like every-body else, you are a no-body. Remember: It’s all about their perception, not yours. So instead of being just another area specialist, be different. So far I’ve not come across any agent who positions him/herself as the specialist to serve “first-time home buyers”. Do you think that is powerful? Absolutely! First-time home buyers are inexperienced. They don’t know what to expect, what the whole buying process is going to be like, how long will it take, what possible hiccups might occur, etc. They are in a place where they don’t know what they don’t know. Do you think they have different needs/concerns compared to those who have bought a house before? Of course! If you are able to gain their trust, do you think they will look for someone else? The point is this: you have the information that first-time buyers are looking for (in fact all real estate agents should know these information). But by letting them know that you are the expert who can guide them through the whole process safely, will in itself, earn you a closed deal. You might need to make some minor changes in the way you do things, such as explaining the buying process more thoroughly, going through the nitty gritty details that you won’t normally need to with experienced buyers, etc. But all these will help to cement your positioning and branding as the expert to serve first-time bu Appealing to Four Categories of B2B Decision-Makers Survivor and American
Idol… It is that powerful!Companies spend millions of dollars trying to decipher what’s behind the buying behaviors of retail consumers.But, what about B2B decision-makers? According to Bryan Eisenberg in an article at ClickZ, most B2B business decision-makers fall into one of four preference categories -- methodical, spontaneous, humanistic or competitive. Depending on the style of decision-maker you are trying to reach, you will want to set up your Web pages in certain ways. Here are the four preference categories:Methodical decision-makers: Most B2B sales efforts are designed for these individuals. They care about rules, organization and methods. They’re practical, analytical, conservative and devour information. They can also be too rigid.Spontaneous decision-makers: These business people are high energy, poised, adventurous, responsive, flexible and value authenticity. They seek individual expres So how can you achieve that? Let’s look at a typical scenario: You have probably have opened your letter box day after day only to find it stuffed with piles of flyers from various real estate agents. Just take a closer look. You will realize that all of them claim to be the “specialist” in the area. Now if everyone is a specialist, then does it matter who you call? Absolutely NOT! “But I’m different from the rest. I have more experience, quality, etc…” you protest. Let me be upfront. It doesn’t matter who you are or what your background is. If the prospects don’t recognize that straight away, you are just like everybody else. No matter how different you think you really are. Repeat after me: If you are like every-body else, you are a no-body. Remember: It’s all about their perception, not yours. So instead of being just another area specialist, be different. So far I’ve not come across any agent who positions him/herself as the specialist to serve “first-time home buyers”. Do you think that is powerful? Absolutely! First-time home buyers are inexperienced. They don’t know what to expect, what the whole buying process is going to be like, how long will it take, what possible hiccups might occur, etc. They are in a place where they don’t know what they don’t know. Do you think they have different needs/concerns compared to those who have bought a house before? Of course! If you are able to gain their trust, do you think they will look for someone else? The point is this: you have the information that first-time buyers are looking for (in fact all real estate agents should know these information). But by letting them know that you are the expert who can guide them through the whole process safely, will in itself, earn you a closed deal. You might need to make some minor changes in the way you do things, such as explaining the buying process more thoroughly, going through the nitty gritty details that you won’t normally need to with experienced buyers, etc. But all these will help to cement your positioning and branding as the expert to serve first-time bu Strategies on Brand Building by Top Brand Gurus ful?
Absolutely!1. The fundamental law of Marketing is the Law of Leadership. It is better to be first than to be better. Microsoft launched in ’81 while Apple launched in ’84. Apple is better in hardware, software and other areas but has only 3% share while Microsoft has 94% share.2. Inspite of this law, every company focuses on being better. The best voted Marketing book in America is titled “Simply Better”.3. If first is perceived to be the best, then automatically the company will attract good people, good distributors and so on. The key is to create the perception in the mind that being first means being the best.4. To win the battle in the market one needs to win the battle in the mind. Xerox invented the laser printer. But did not enter the market. HP was the first. Red Bull was the first energy drink. Coca cola introduced KMX energy drink. Red Bull outsold KMX 20:1. Last leader brand p First-time home buyers are inexperienced. They don’t know what to expect, what the whole buying process is going to be like, how long will it take, what possible hiccups might occur, etc. They are in a place where they don’t know what they don’t know. Do you think they have different needs/concerns compared to those who have bought a house before? Of course! If you are able to gain their trust, do you think they will look for someone else? The point is this: you have the information that first-time buyers are looking for (in fact all real estate agents should know these information). But by letting them know that you are the expert who can guide them through the whole process safely, will in itself, earn you a closed deal. You might need to make some minor changes in the way you do things, such as explaining the buying process more thoroughly, going through the nitty gritty details that you won’t normally need to with experienced buyers, etc. But all these will help to cement your positioning and branding as the expert to serve first-time buyers. And once your branding gets out, you will be busy with so many referrals for other first-time buyers. Is the first-time buyers market huge enough for you? Once you have established your branding, it is easy to market your services. You can easily get the publicity that once used to be impossible for you. If the media wants to get an opinion on what first-time buyers think about a new housing policy, who do they look for? They will interview the expert (you). And after appearing in the media, you will have gained even more credibility. Can you see how this will snowball into your profits? It all starts with creating a powerful positioning, branding and marketing strategy that is suitable for you. What other positioning can differentiate you? How about:
• The property investments expert (investors love to work with those
who understand their investing needs, someone who is not just another
agent); or As you can see, it is critical to create a powerful positioning to get your prospects to start looking specifically for you. I assure you I’m not an expert of the real estate industry. But I’m an expert in positioning, branding and marketing. These same principles can be applied in other industries, such as the financial services industry, perfectly well. So start positioning yourself today!
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