Should I Market In This Declining Real Estate Market?

I've been asked this question quite frequently from Realtors during this past year.

My answer is "Absolutely you should market in this type of real estate market, as well as any other real estate market conditions...you just change your style for each condition".

We should all remember the basics of marketing...You Need To Get Yourself & Your Message Out There In Order To Reach Your Audience!  If you are running ads, promotions and sending marketing messages of "Now is a great time to buy or sell" you are wasting of your money in this type of market.

So, do you change your marketing approach during a declining real estate market?  Yes!  Your marketing needs to be specific in order to be appealing.  In a soft market, you can't get away with not having a niche marketing style.  You need your audience to perceive you as the specialist...the one to call...the one to get the job done for them.

So, how do you get a niche marketing style?  You contact me for help!  We'll discuss your areas of expertise and what your goals are for 2008 in order to achieve them.  My job is to help your business grow and to keep your costs low while helping you succeed in reaching your goals.

As others are pulling back on their marketing, you need to expand yours.  Let's focus in 2008 on increasing your market shares!  Don't get caught up in the same fear that consumers are facing!

Contact me to get the New Year started in the right direction for you!

 

3 Comments on Should I Market In This Declining Real Estate Market?

Well - for me it is a simple answer - you don't wait until you are hungry to plant your corn, do you?

Nice post. 

12/28/2007 11:51 AM by Kevin McGrath - Fredericksburg VA Real Estate (Coldwell Banker Elite - Fredericksburg/Spotsylvania)


Kevin - I couldn't agree with you more!  My personal view is...If you don't get out there & stay out there...you'll be the only reason your marketing plan isn't working for you!

Wishing you a prosperous 2008!!

12/28/2007 11:59 AM by Sherri Fowler (My Faithful Assistant)


If anything, I'm ramping up my marketing several notches--working hard at building presence in tough times will lead to familiarity and recognition in "up" markets.  Shucks, people are already telling me, "you must be pretty good to survive in this market."...and I've only been in the biz 9 months!

Forget buying the GI Joe with the Kung-Fu Grip this year, I'm spending on marketing that will allow me to buy 3 GI Joes next year!

01/03/2008 02:13 PM by Kent Simpson REALTOR®, CNS®, AHS®, RECS® (with The Pepper Group™ Diversified Real Estate)


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