|
|
|
|
|
|
by
Doug McPherson When
people in your farm area think of real estate, does your name pop into their
heads? If not, that means you have to improve your marketing.
Connecting your name and
the words real estate takes time and involves many steps; however,
it can yield a host of new clients. Proper marketing can keep you in peoples
minds, so when they want to buy or sell property, they call you.
There are countless ways
to get exposure for you and your businessyour imagination is your only
limit. But here are 20 to get you started:
- Borrow and add. Cami
Hobbs, a 28-year-old with just four years in the business, is already making
a big dent in the real estate market in Denton where she works for The Realty
Team. She borrows ideas from top producers and then adds her own twist.
For example, she heard that many pros like to get together with those who
live in their farm area. So on Halloween afternoon, Hobbs holds a party
for her neighbors and their kids. She serves hot dogs and soda and hires
a face painter. "The parents dont have to worry about cooking
dinner, and the kids have a ball," says Hobbs. "I got two listings
from last years Halloween party, and believe me, they paid many times
over for the cost of the party."
- Aim for the eyeballs.
If you want your name to be seen, put it where people look. Today, people
look for information on the Internet, so you need a Web presence. But your
Web site has to do more than show your face and phone number; it needs to
attract visitors and hold their attention.
A UCLA study reported
last December that more than half of Americans with Internet access buy
things online. And the number-one reason cited by these consumers for online
transactions? Convenience. Given this finding, your Web site needs to conveniently
provide real estate information for potential clients. Put daily real estate
news, financial calculators, virtual tours, demographic data, and electronic
forms on your site. If consumers cant find everything they need on
your site, theyll find it on someone elses.
- Be neighborly.
Geri Cook-Lenahan, a 21-year real estate veteran with Virginia Cook, REALTORS®
in Dallas, sends a "neighbor" letter to residents who live near
listed homes. "The letter explains that a home in their neighborhood
is for sale, and I ask them to send me the names of people theyd like
to have as neighbors," she says. The letter gives her a double
bang for her buck: It produces leads and lets people know shes in
the real estate business. However, you must be careful that such letters
dont violate fair housing laws.
- Play ball. Ann Houston
and Sue Darby, business partners for 14 years with RE/MAX Express in Denton,
sponsor a little league team. The team gets much-needed funding, and Houston
and Darby get exposure in the community. "We sponsor the younger playerssix
and seven-year-oldsbecause the parents go to those games," says
Houston.
- Lasso a FSBO. Getting
your name in front of FSBOs can make the cash register ring like thunder.
Send them letters every week while their homes are on the market to share
ideas on how they can better sell their homes. If they have trouble making
a sale, they may turn to you because of your helpfulness.
- Lasso a FSBO II. Also,
consider partnering with a lender. A FSBOs guard isnt up with
lenders. Simply share your FSBO leads with your partner who will call them
with pre-qualification, financing options, and qualified buyerscompliments
of yours truly. Have the lender follow up with a letter that restates this
information and also recommends you with your contact information. Be sure
that no compensation for referrals exists between you and the lender.
- Spread the news. Everyone
sends out newsletters, but very few people send out good ones. If you take
the time to put together a quality newsletter that covers local and relevant
real estate news, then you stand out. Yes, it may take more of a time commitment
to gather the right kind of information, but its time well spent when
people actually read the newsletter.
- Scratch your niche.
Donna Trayler, a REALTOR® with Ebby Halliday in Dallas, says its
vitally important to create a niche and tend to that niche at every possible
turn. "My niche is high-end homes, and thats what I point my
marketing efforts toward," says Trayler. "That way I dont
have to worry about reaching everyone." She says the niche lets her
target her marketing efforts much more succinctly. "If I have a house
with an eight-car garage, I know where to spend my marketing dollarsIll
go to a car magazine," she says. Right now, shes marketing pro
football player Deion Sanders home. "I market it in high-end
publications like The Wall Street Journal and dont bother with
a yard sign," she says. "If I put up a yard sign, Id have
every sports nut in Texas coming through."
- Take notes. Van Vanaman,
also with Ebby Halliday in Dallas, gives a notebook to all his new buyers.
In it he includes folders related to all aspects of homeownership, such
as taxes, inspections, and insurance. "I think its good because
my clients have one place where they can keep all their important papers,"
Vanaman says. "Its something they refer to regularly, so they
see my name on it. Plus, I include three business cards and a reminder to
share any referrals."
- Be active in your community.
Houston and Darby know the importance of being involved in their community.
In addition to sponsoring little league baseball, both are active in their
churches and other local organizations, such as the chamber of commerce.
Each fall, the two also give gifts to all the teachers in the Denton school
system. "We give things that they keep around so they think of us,"
says Houston. "We usually give things like coffee mugs and rulers."
Their community involvement has paid off. Darby says they dont have
to advertise that much because of all the referral business they get. "Just
last night, I got a listing from someone I know at church," says Darby.
"He told me he wouldnt trust anyone else to take care of his
real estate needs."
- Wait a minute, Mr.
Postman. As soon as Cook-Lenahan ends an open house, she mails out postcards
with a picture of the house on them to everyone who visited that day. "The
house is still on their minds, and then they get the postcard in the mail,"
she says. "When tax time rolls around, I also mail out to all my past
clients a list of home tax deductions as a friendly reminder."
- Food for thought. Vanaman
has bought space on every single shopping cart in a grocery store in his
farm area. "They work great," he asserts. "I have a logo
of a moving van as a kind of play on words with my name, and the slogan
is moving people."
- Going back for seconds.
Vanaman continues his food theme with an annual dinner for all his buyers,
sellers, and those who shared referrals with him during the past 12 months.
"I do it up right," he claims. "I serve really good food
and wine as a way to thank everyone, and it helps keep my name in that circle
of people."
- Give it away. Conduct
free seminars on real estate in the libraries of your farm area. Renting
space at libraries is usually inexpensive, and the word free will
ensure an audience. Be sure everyone gets your business card and sales literature.
And dont forget to have a sign-in sheet to follow up with attendees.
- Get personal. Cook-Lenahan
uses the personal touch to keep her name in front of her customers. "I
keep a huge database of everyone I knowpotential customers, former
customers, their children, everyoneand concentrate on sending out
cards on every holiday throughout the year," she says. "That way
my name is in front of people regularly." This tactic relates to the
old marketing adage, "frequency beats reach." If you have a chance
to reach 1,000 people once or 500 twice, go with the latter.
- Be a joiner. Today
more than ever, theres a club, association, group, or organization
for practically everything. Join themespecially the ones in your farm
area. Many cost very little (if anything), and often they may be activities
you enjoy. Why not have fun while youre networking? Everyone in sales
knows people buy from who they know. Get known.
- Flag down clients.
Thats another weapon in Hobbs arsenal. "I have a banner
that advertises my services as a REALTOR® that I take with
me to events and meetings. Wherever I am, I take a couple of minutes to
hang it up and let people know who I am," Hobbs says. "I get leads
from it all the time."
- Be a media resource.
Public relations is easy, inexpensive, and nicely complements advertising.
It also enhances your credibility and image. Learn how the media work and
what information they want (i.e., fast, reliable sources of information
that helps the public).
Introduce yourself
to the reporters who cover real estate in your city and offer to be a
resource. Emphasize to them how you, as a REALTOR®, help
the public. For example, you know about housing costs, interest rates,
mortgages, schools, zoning ordinances, real estate laws, and other things
the public needs to know about. Make yourself available to the reporters
and give them comments about these issues. Keep your antennae up for opportunities.
Look for national news that can be localized. When Tom Brokaw breaks a
story about lead-based paint in homes, call your contacts and tell them
that REALTORS® have been warning clients about the dangers
of lead for years. The possibilities are endless. After a while, the public
will see you as the real estate pro that you are.
- Spread the news II.
Every time an item appears in the newspaper related to real estate (i.e.,
zoning changes, mortgage rates, etc.) Cook-Lenahan cuts it out, makes copies,
and sends them to those in her database.
- Use the key word. Of
all the words you say to a client throughout a real estate transaction,
one just might mean the difference between a lasting relationship and one
that fizzles soon after closing: thanks.
Gifts given to clients
upon completion of a transactionnot advertised as an inducementare
a perfect way to say thanks and can spur goodwill, referrals, and word-of-mouth
advertising. Choose gifts that keep your name in clients minds.
Here are some examples:
- A weekend getaway.
- Magazine and newspaper
subscriptions. This provides a regular reminder of your generosity.
- A dinner package
at a nice local restaurant. Who wants to cook after moving?
- A gift certificate
from a local furniture store.
- A framed photo of
the family standing in front of their new home.
- Give clients more than
they expect. You expected only 20 marketing tips, but heres an extra
one.Trayler says she often and gladly goes the extra mile for her clients.
"Ive kept dogs, turned on electricity, baby satwhatever
the client needs, I offer my help," she says. "In this business
you have to do what it takes to keep business coming."
Decide how you want to
market your business, focus your efforts, and get people saying your name
and real estate in the same sentence. Over time, customers may start calling
you instead of vice versa.
Doug McPherson is a
freelance writer and former editor of the Colorado REALTOR®
News in Englewood, Colo. Hes published many articles on marketing and
public relations for REALTORS®.
Photo illustration
by Joel Mathews, photo © Creatas.
home
current
issue top 10 resources
discussions contact
us search

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