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Monthly home sales continue to decline.  The news clearly isn't good. At an aggregate level, this is a much softer market than we saw a couple years ago. And many real estate agents are staying extra-careful with their marketing budgets.

But if I was a real estate agent right now, I'd double my marketing budget. I'd kick my customer acquisition efforts into overdrive. I'd invest everything I could into my business.

Why? Because market leaders are made in times like this. While competitors shrink in fear, emerging market leaders double-down. They invest in the future, while taking firm hold of every present opportunity.

Maggie Mouscardy is a fantastic example of this. She's a real estate agent in Long Beach, California, and was just promoted to direct the Internet business for her Prudential California Realty office.

Her business has skyrocketed the past two years, thanks to careful planning and aggressive marketing. And last week? She increased her investments in marketing to fuel faster growth.

"While other agents complain about market conditions, I just keep making money and building my pipeline," she said yesterday.

When economies slow, when your industry softens, don't slow down.

Speed up.

 
Post is included in group: Marketing Results

1 Comments on Double down in soft markets

Matt, you make a really good point.  I worked as Director of Media for a major corporation and in down times we double upped our marketing dollars.  The difference is that we would do it selectively.  We kept our advertising budget at 10% of revenue by market.  Periodically we would run special promotions and ramp up the budget.

Agents can do the same thing for individual houses.  Now is not the time to wait for business to fall out of the sky.  You have to reach out and become known!!

08/27/2007 01:34 PM by Kate Bourland; Redding Mortgage, Debt Elimination (Windsor Capital, Dyer Beech & U First Financial)


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Real Estate Trainer: Matt Heinz (HouseValues Inc.)
Matt Heinz
Kirkland, WA
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HouseValues Inc.

Office Phone: (425) 952-5664
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Custom marketing advice, insights and best practices for busy, successful real estate professionals.


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