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Do you know what the number one mistake most businesses make when the economy weakens and/or their business slows down? They cut back or cut out their marketing! How can any business expect to survive if they don't market that business? Often times they are even erroneously guided to this action by their own accountant! Is this happening to you?
Are you doing this with your real estate business?
Here's the problem with that. Your competition will still market and advertise, so whatever business is out there for the taking will most certainly go to the business (or agent) who remains active with their marketing. People naturally assume a business is in good standing when they see their message consistently and throughout different mediums.
What's more important is that you give your marketing plan a good overhaul. Maybe there are some things you are spending your money on that aren't producing good results. Maybe you are using some old advertising methods which don't provide any tracking. Usually this type of advertising is only good for brand recognition. Think of it as a supplement... it supports other marketing methods, but is not a good stand-alone method to get your message out and bring the clients in.
Don't be foolish enough to stop marketing or you may find yourself completely out of business. If you need to make budget cuts, look over all your expenses and see what you can do without or with less of. When you get to your advertising budget, trim the fat. For example, if you're advertising in a phone book and you don't know what kind of results you're getting, or you don't think you're getting your money's worth, then simply keep a listing in there. Most people who use a phone book simply use it to look up your phone number, but already have your business name!
Look to other areas that are more cost-effective and offer proven results, like the Internet. This is a medium more and more people of all ages and from all walks of life are turning to for information about everything, including finding local businesses. In fact, according to experts, over 90% of homebuyers start their search online. There are also many ways to use the Internet to help you market and brand yourself that won't cost you a cent. Be aware, however, you will either spend money or spend time to get results.
Don't let your ego keep a big, costly display ad in a print publication if it's not working for you. Make sure you always remember to ask new prospects that contact you how they found you - and keep track of it! This is how you'll know what advertising dollars are working and which are not.
Whatever you do, don't let fear cause you to stop advertising altogether, because inevitably that will cause the very thing you fear the most - your business!
Many people think being a real estate agent is a glamorous and well paying position. And yes, it can be, but those stories are harder to find than they used to be. What most people do not realize is what it takes to become a Real Estate Agent, not to mention what it takes to BE a Real Estate Agent.
After all the studying, taking and passing the exam you then have to find someone who will allow you to work from their office. Not to mention, the telephone duty and the long hours, including every weekend.
For an independent contractor, there is very little independence involved. Now with the down turn in the industry in many areas, the competition is heavier than ever and the customer loyalty can easily become a thing of the past. You can spend your time showing someone home after home, only for them to stop at an open house and buy from another agent.
Those long hours also include a lot of down time. Totally non-productive time required of every agent. The Sunday afternoons at open houses or the long days pulling "phone duty" at the office.
If only you could use that time more productively and make money while you are doing so.
But there is a way. The Home Based Business industry is one of the fastest growing segments of the economy. The hours are flexible so you can just drop what you are doing and show a home when you need to. You can work anytime you choose and from ANYWHERE, since all is required is a cell phone and a computer, which you probably have with you everywhere you go anyway.
Even though it is called Home Based, it is anything but that. It should be called, Anywhere-Based Business. Instead of wasting time waiting on clients to show, you can use the time to actually generate an income, a real and substantial income.
For those who work on commission, there is no better way to supplement or replace your income.
You can have the lifestyle you deserve and provide a wonderful lifestyle for your family. Working with Real Estate Agents directly, I've been hearing a lot of complaints lately. The question is do you want to be a whiner/complainer who is reactive or a doer/earner who is proactive? The only "excuse" that remains is YOU! Don't get in your own way.
If you are already implementing this strategy, then KUDOS to you! If you haven't found something that works well withing your business and your lifestyle, maybe I can help. Please understand, however, that I work only with those who are serious about committing themselves to their goals. If your goal is big enough to get you excited, then get in touch with me.
Success in business and in life is up to you. Take a chance, make it happen. You and your family deserve it!
To Your Success...
by Donna Noyce
Let’s face it, if you don’t have an online presence, you’re simply not conducting good business practice. It makes no difference whatsoever whether you use the Internet a lot or not. There are millions of people every day who do, and if they can’t find YOU, they’ll find your competitor.
Today it’s not enough to hide behind (or within) your company’s website. You are an independent business person and therefore you should have an independent website and do independent marketing. After setting up your own site, all your marketing efforts and results will follow you wherever you go. So if for some reason you change companies, you simply update your website and your customers and prospects will still find you just the same.
I use the term “online presence” very loosely. You can build a profile on a networking site (like ActiveRain) and have a presence. And you can put up a totally free profile at places like Zillow and Trulia, but you still want to have a website to link to that will drive prospects to your own site when they find you there. Then you need to deliver fresh content, tools and resources for your potential clients. This will help you earn their trust, build a rapport and ultimately get more business.
Did you know that the majority of people today begin their real estate search online? As a matter of fact, according to the NAR, buyers start shopping for homes online 18 to 24 months before making a decision to purchase. You'll serve yourself well to let them find you online, capture their information and stay in touch!
A good website can be a very costly expense or a very affordable and worthy investment. Try not to get too caught up in “you get what you pay for.” As a real estate marketing consultant and trainer, I have seen many website companies come and go. I personally have searched long and hard for the right ones that I can recommend as valuable resources for my customers.
I help real estate agents, brokerages or appraisers, as well as mortgage originators and other industry professional to get set up with their own personal website, complete with all the bells and whistles they can possibly need. There are several options to choose from, starting with an agent site that is completely free.
Like I always say, it’s imperative to your success to differentiate from the masses, and it’s equally important to brand yourself. Remember, what you’re really selling is YOU, real estate just happens to be your product. So focus on selling you and the product will practically sell itself.

Whatever the market is like, what is the most important aspect in the real estate business to bring about the most success possible?
It's your customers - their repeat business and referrals is the lifeblood of any successful, professional agent.
So, in a softer market, is it MORE important or LESS important to maintain contact and relationships?
Regardless of market conditions, to be successful, should you continuously MARKET YOURSELF? Why?
Because if you don't, someone else will. In fact, many others will. And in times like this, the term, "only the strong survive" doesn't have to be true. It's more like, "only the SMART will survive." It's not a matter of how much you do to market yourself as it is what you are doing.
This is a perfect time to review your marketing plan and determine if it is in need of some redirection or even a complete overhaul. You may or may not be aware, but ProminentAgent.com's "mantra," if you will, is to encourage agents to stand out from their competitors. Now, more than ever this is crucial. Afterall, agents and brokers are abundant, but sales are not.
Here is the Prominent Agent Marketing Formula to help you along...
Look at each marketing "item" separately and ask yourself the following questions:
1. How much does it cost me monthly or annually?
2. What kind of response am I getting?
3. Of the responses I get, how much business does it actually bring me?
Now compare your investment vs. your return (ROI)
1. How much is my average commission?
2. How many listings or sales do I need to break even from my investment?
3. Do I think it's likely I will be successful and achieve that number?
4. Is there any way I can leverage or offset my investment?
If the numbers don't add up, then it's time for a change.
At ProminentAgent.com we teach FIVE KEY ELEMENTS that produce the highest results. The more of the five that are included, the better your results will be in your marketing efforts.

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Donna Noyce
Eastport,
NY
More about me
Prominent Agent.com
Address: Prominent Enterprises, Inc., P.O. Box 455, Eastport, NY, 11941
Office Phone: (631) 615-4314
Cell Phone: (631) 780-4314
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