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March/April 2001
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Tips on finding your own niche

So you want your own niche? Regardless of the specialty you want to pursue, the formula remains the same. Here are some tips taken from conversations with REALTORS® for this article:

  • Go with what you know. Choose a niche that you are familiar with or have a sincere interest in. To build a client base, you have to know your specialty better than the average real estate professional, so choosing a familiar area gives you an immediate edge.
  • Walk the walk and talk the talk. If your niche is lakefront homes, make sure you know your way around a boat. Or if you focus on country club properties, it’s a good idea to play golf. This seemingly minor detail can boost your clients’ confidence in you, making them trust that you understand what they’re looking for in a property.
  • Find a mentor. Learning the ropes from an experienced REALTOR® working in your chosen specialty can provide invaluable knowledge. Many large real estate offices have managers or other senior personnel available for general training, but a one-one-one mentor in your niche will provide equally important education.
  • Mark your territory. Locate a property that fits your niche and go after it. Hold open houses every weekend; be there every day if you have to, but send a message to customers in your niche: I sell this type of property and I want your business.
  • Follow up on every lead and know every area property on the market within your niche. You may not be the only REALTOR® in your town selling vacation homes, but make sure you are the most persistent and best-informed REALTOR® in your town selling vacation homes.

 

Buyers & sellers, visit www.texasrealestate.com.
REALTORS®, visit www.tar.org.