I had a Client ask me this week what my Top 10 marketing tips are.
I've never put together such a list because it would depend on the industry, on where the business was in its life cycle, the marketing budget, the expertise of the person owning the business, the goals of the business owner, and many more subjective variables.
Nonetheless, I took it upon myself to sit down to see if I could come up with a general Top 10 that might fit any business, and here they are, in no particular order:
Market yourself, in good times and bad, but especially in bad times. This means that you have to properly capitalize your company because some of the worst times that a company will go through are those first few days, weeks, months, and possibly years in business. If you want to be in it for the long term, you have to be able to survive the short term.
Do whatever works, as long as it is legal and meets your own moral and ethical standards. Some people don't want to be pushy like a used car salesman, but if it works, why not? Some people don't want to be the low-cost leader like Wal-Mart, but if it works, why not?
Create your unique selling point that will help you develop your niche market. This means that you might actually have to think about what you want to accomplish with your business, other than make money, of course.
Create two commercials, a presentation, and an infomercial. Your two commercials will be 30-second and 60-second commercials. Your presentation will be five minutes, and your infomercial will be 30-minutes. This allows you to meet the needs of any person or group asking "What do you do?"
Track everything you do. Everything! This means that you might need to either learn how to use Excel or hire someone who does. Perhaps you have a child who knows Excel or has the innate child computer ability to pick it up very quickly. For my Clients who are Realtors, I advise them to track everything about their open houses -- holiday weekend, weather, time, traffic, television competition, outdoor competition, etc. I do that because I want them to be in it for the long term, so next year when they are considering an open house to compete against the Chargers, or Padres, or the Over the Line tournament, or whatever, they'll have a good sense of whether it is worthwhile or not. After four or five years, you'll have a great indication of what works and what doesn't work, regardless of what you're doing.
Be persistent and consistent. This is probably the most difficult thing for people to do, especially those who are self-employed because one of the reasons why they chose to become self-employed was because they got tired of the same old, same old in the office every day. It's that same old, same old that made the office and the business work efficiently, and it's the same with your business. Whatever you choose to do, do it persistently and consistently.
Never assume you are the best. Prove it to each and every Client. This comes right back to being persistent and consistent. If you prove it each and every time, it will become a habit.
People prefer buying from people, not automatons or businesses. This means that you need to work on your speech and actions so that you can converse appropriately with prospective Clients. One of the reasons why I have such a wide variety of interests is because I want to be able to talk about anything with anyone. I don't have to be an expert; I just have to know what's going on in the world around me. That world is my world.
Listen to your Clients. Ask them about their needs, wants, and goals. And then listen! Once they are finished talking and you are finished listening, you can explain how you can help them obtain those needs, wants, and goals.
Find your Power Partners. That is, surround yourself with people who can help you. Your Power Partners probably have the same target audience as you do -- for Realtors, that would be people buying a home. Power Partners, then, would include roofing contractors, heating and cooling professionals, electricians, plumbers, door and window installers, painters, etc. To find your Power Partners, all you have to do is decide whom you would call to work on your own house. Would you decide based on price? Proximity? Time frame? How big the Yellow Page ad is? Referrals from friends? Your Power Partners know as much about your business as you do about theirs, and reciprocal referrals are plentiful.
Russel, I will bookmark this and continue to refer to it as I go along. I appreciate your generosity in helping people to achieve a higher degree of professionalism. Thank you!
I would ad one other point. Market even when you are busy. If you wait to market when things slow down, you will have some serious ups and downs in your business.
Hey, Sharon - I think my Client was surprised that I didn't have such a list, but I try never to create such a list without talking with any individual Client first. Each person and each individual is different, with different needs, wants, and goals. Failing to understand those needs, wants, and goals, and how any one would affect that individual, could mean creating a list that would not help them at all.
Hey, Theodora - I think I covered that in #1, but perhaps not adequately. I remember when I started my home inspection business in 2001. I had the third best first year in the history of the franchise that I was associated with. Two years later and I was still marketing the heck out of my company, yet it was a boom market. My friends made fun of me because I was advertising in such a boom market while they were just sitting back and letting the buisness come in. Well, here we are five years later, and where are all my friends? That's right. Out of business. They forgot to market themselves during the good years, so when times turned bad, they had no money to market themselves then.
Hey, Chris - Timeless is what I was going for, because if they are timeless, they can apply to virtually any business.
#1 is very true. It's funny because when the market went south 2 years ago, agents stopped advertising, stopped sending post cards, stopped advertising in the local Homes & land Magazine. It's funny because if you advertised during the crappy times, you'd be the only one in the Homes and Land Magazine with little or no competition. But people don't do it. They hunker down and try to save their money.
What a fantastic blog... I especially like you telling us to "prove it" and "listen". Finally the power partners is a big deal. Most of the business I get is from referral relationships. From the beginning everything I do revolves around making my partner and "our" client happy.
Happy clients give referrals
Happy partners give referrals
Referrals become new clients - that give referrals.
Every client needs to feel as if they are the only and most important client we have - I'm not saying it's easy - but it is important.
ALL are critical and excellent points! I must say I would emphasize #2 (for an agent) as so many brokers and coaches will PUSH you in different directions that you MAY NOT want to go! I was ridiculed three years ago by my first brokerage for wanting such an extreme online presence. I jumped ship mostly for support! Look at where I am now (first brokerage trying to recruit me back, LOL)
Russell - great post, we try to track most of the things we do. We use Top Producer and record the number of calls per listing, emails, and showings. Our clients can view the activity on their property through the client service website feature which they love.
Russell: You mention what some might call the obvious ... like listening ... so many people don't listen. Ultimately we want to be authentic, know what we are doing, and provide quality service without compromise.
All so true. The biggest key to generate leads is to have them coming from multiple sources. Work them at all times, even when you are busy. Great post!
Hi Russell; Nice tips. I have been sloppy on the tracking aspect. Time to get back to basics. Thinik I will start working on my 30 second commercial now! Thanks for the inspiration.
Great tips. I'm curious about the commercial, infomercial deal. Do you mean be scripted and be prepared to answer those kinds of question or do you mean to literally have some video footage on youtube or out there in cyberspace someplace?
Really good advice, Russell. I've found the two most powerful to be Numbers 1 - market yourself in good times and bad - and, possibly the most importatn to me, Number 6. Being consistent is what defines you and your image, or any product image, and makes you"top of mind" when people in your area think Realtor. Think about the Coca-Cola script and swirl, the Nike swoosh, the Chevy "bowtie." Top of mind... that's where you have to be.
Hey, Melissa - There would be absolutely nothing wrong with having video footage on YouTube or your web site, as long as it's well done. Don't scrimp on marketing that your prospective Clients will see or listen to.
I have a 30-minute presentation that I've given many times, so many times that I really don't need my notes anymore. If you don't have the opportunity to give those presentations on a regular basis, then practice giving them to your family, your friends, or your video camera. All of them can provide you with constructive criticism to make your presentation better.
I once watched a 30-minute presentation that had 20 minutes of "you know," "uh," "um," "like," etc. It was frustrating to watch.
For all of your scripts, commercials, infomercials, etc., approach them by thinking about what your Client's needs, wants, and goals. As Margaret Rome says in her book, "Real Estate the Right Rome Way," think like your Client and ask "What's Important Now?" List those items of importance in order of priority. #1 and possibly #2 will be your 10-second commercial. #1-#5 will be your 30-second commercial. Etc.
Russel, I love the idea of having an infomercial on YouTube, but I'm afraid I'd come across worse than that Sham-wow guy! Seriously, your list is excellent, especially #5. This is still a numbers game and we need to be able to back it down enough to know how many people we have to be talking to in order to put one sale on the books.
Russel: I like number 7 the best. Some powerful and successful people get a little to secure and don't stay humble....hey, is that me in your post?????
Your post is a great reminder. I don't think that this is Earth shattering news but more of a reminder of core principles that we all need to make part of our regular routine.
Russell - great tips, especially for this market....#6 is so important in our current market - it seems as nothing gets done these days without persistance! And tracking is so important - we try very hard to tract our leads, etc., but I have never thought of tracking some of the things you suggested. Great ideas!
Russel - this is an excellent set of suggestions. I think tracking and marketing yourself ALL the time are so important. And of course having relationships with oher folks in the biz is critical. Well worth reading and re-reading.
My fav is #9. LISTEN. Just shut up and listen. You'd be surprised what you learn if you are truly interested in learning what your clients have to say.
Well thought out list, Russel. Tracking everything is so important. It's how we hold our time and money accountable, and gives us valuable insight into what adjustments will be most productive.
All great tips, GREAT post Russel. I enjoyed it very much and I will admit that I haven't been very consistent with my marketing so #6 hit me pretty hard. It's not always pleasant looking in the mirror. I will most definitely have to save this information.
Hi Russel ~ Thanks to Jim's heads up I found your excellent list - don't know how I missed it. You're definitely pushing me with some of these - and many days a push is just what I need. I'll be back to reread and read again!
Well YES! (ok, where is my margarita? - Kidding). I see so often agents trying to be everything to everybody rather than specializing or creating a niche. Focus! The other thing (well among a few thoughts I had today - LOL) I was thinking about was how so few have any systems in place, swinging it doesn't cut it in the long rung, which goes back to tracking everything and being organized etc. Great post. ~Rita
Russel - Sorry it took me so long to comment to this post, great post and full of some even greater information. Let's keep this post alive with a feature at ........... FRIENDS AT ACTIVERAIN
Hey, Russel. I know that I have already posted a comment, but I heard about the contest and came up to help out. This is sort of a dilemma, I don't want to see either one of you lose. All my best on this, Jim
I read the post and loved the tips! I was going to nominate you for a feature, but alas you already got the gold star! Congrats! Now you owe Jim a giant margarita!
Thanks for posting these tips. I need to print the bullets out and post them on my board for daily reviewal, next to "work expireds". Funny how we forget daily needs.
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Russel, I will bookmark this and continue to refer to it as I go along. I appreciate your generosity in helping people to achieve a higher degree of professionalism. Thank you!