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Focus your marketing campaigns by finding your niche. After all you wouldn't go to a tax lawyer when you need a real estate lawyer to write a deed. So why be an "everything" agent when you can carve out your piece of the market to dominate. Wouldn't it be great if anytime someone thought of luxury homes yours was the first name that came to mind? Or you were known as the area condo expert? You can come up with a lot of examples for any area of what makes it special. Creating specialized web site is so easy today you can target any market you choose.

Every area is different but some of my favorite niches are:

Babies- Area newspapers will tell you when a new little one has come into the world. A small amount of research through anywho.com or whitepages.com will give you the address of the new family. I have had great luck sending out a congratulations card with the simple hand written message "Congratulations on the new addition to your family! If you have too many feet for your square footage give me a call!" Many hospitals give gift baskets to new mothers - create a gift for that basket with your contact information that will be useful - think pacifier, bottle, baby's first bank shaped like a house, onesie - the list goes on and on.

Vacation Home Owners - Or Second Home Owners. These clients are often out of touch with what is going on around their other home. Market reports of what has sold, pictures of their home off season, information about area services are especially welcome. It takes a lot of research and you must update the list regularly because they can sell their vacation home and yet you are still sending items to where they live full time.

Horse Properties - Or expand to farms. A special clientele in need of large acreage. Sponsor a horse show at your county fair, provide a gift brush or curry comb with your name on it, keep trail information on your web site, advertise in specialty magazines. Run the theme through all of your advertising. Before you start make sure your area had enough need for this niche. You might want to think of it as a side niche with great potential.

Condos- Kinda of a no-brainer. Lots of owners in a concentrated location. Why not create a neighborhood specific web site with calendar that the residents can add information to. Post the condo docs, meeting minutes, announcements and financails in pdf on the site. Or offer to organize, advertise and host a neighborhood yard sale. See if you can attend the Board of Director's meetings. Add their neighborhood to localism.com with lots of pictures. Target your marketing to what is going on in their specific location.

Renters - Convert them to home buyers with mailings letting them know what it costs to own a home in your area. Send them listings with the breakdown of what it will take to live in this home and what the tax benefits of home ownership are. Particularly effective when you can show them homes that will cost them less overall per month when you add in the tax benefits. Lots of potential buyers in a cluster is the way to look at it. Takes longer to cultivate. Two ways to go - mailing to "Resident" or go the extra mile to determine the renters name. Offer them a Home Buyers Seminar.

Seniors- Get your designation as a Senior Real Estate Specialist SRES. Host a seminar series targeted to seniors with topics like Reverse Mortgages, Bathroom Safety, Home Security, Assisted Living vs. Nursing Homes, Trusts, Joint Ownership and Life Estates - How to Plan for the Future. Target a marketing campaign to lawyers who specialize in trusts and probate. Takes quite a bit of research but one way to start is to research out deeds in your area that have been held for 30 or more years. So if it is now 2008 look for purchases made in 1978 plus or minus.

We started with Babies and ended with Seniors - and everything in between. Remember put everyone into your contact data base. One contact isn't enough - you have to get your name in front of the potential client at least 8 times before it will register. Don't give up after a few tries - plan out a year in advance and stay dedicated.

(c) Shannon Aldrich 2008

Shannon Aldrich

Keller Williams Coastal Realty

Portsmouth, NH

www.RealEstateSeacoast.com

 

 
Post is included in group: Out Of The Box!
Post is included in group: Target Marketing
Post is included in group: Agent Image & Self-Promotion
Post is included in group: Building Your Niche
Post is included in group: ABC's of Real Estate Marketing

8 Comments on Are You a Marketing Specialist or General Practioner?

FEB
19
2008
262,009 Points 8 Featured Posts Outside Blog
While I understand niche marketing is wonderful and to establish oneself as a Specialist in that area is deemed as good... recently at our Ethics training at our local Board it was stated that being a neighborhood specialist put you in a seperate category and one was held to higher standards of practice in court situations.  Being a specialist means you really must know your area or expertise inside out... most of us regular realtors dont.
8:36am • #1
FEB
20
2008
1,038,284 Points 26 Featured Posts Outside Blog Called Shot Master
 I think most Realtors choose to be General Practitioners.
5:49am • #2

Shannon, I think this was a very good post. If anything, it can make our jobs easier. Focus on one niche at a time and become superior in all aspects of real estate over time. Or focus on one the entire time in the business. It doesn't necessarily mean if you focus on babies you won't deal with renters, it just gives you a focus point so you don't feel like your running all over the place. Thanks again!

Paul Carrier, REALTOR- Keller Williams Coastal Realty

7:02am • #3
FEB
21
2008
164,063 Points 7 Featured Posts Localism Sponsor

Shannon - What a great post!  This is what we preach to our clients all the time!  Gita is right in that most agents choose to be general practitioners but the reality is that, when you focus on a niche, it makes everything easier, as Paul said.  You can focus your advertising and marketing and website on that specific niche.  And it does not mean you can only focus on one thing!  That's the misconception that many agents get about focusing on a niche. We have a client who has a website that focuses on newlyweds, another that focuses on first-time buyers, and another that focuses on foreclosures.  The fact is that this has allowed us to concentrate on something specific with regard to promoting each website.  That's the key!  Even becoming a neighborhood specialist, as Gail mentioned, means that you concentrate on everything there is to know about your neighborhood - still creating a niche.  Because you can only focus on one neighborhood at a time or per website.  Great post!

~Renae

4:33pm • #4
MAR
16
2008
Shannon, this post is awesome. I agree with the post above that most agents set out to be general agents but there has never been a time in my life that I have wanted to be like everyone else and I don't see there ever being. I love this simple list you put together to get our wheels turning on finding our niche! I think it is important to find clients that we can relate to and vice versa. It tears down the walls and makes the transaction and the relationship you are building for life go much smoother! Thank you for posting this!
10:15am • #5
3 Featured Posts Localism Sponsor
Wow!  I can't believe how many people try to be everything to everybody!  Your article makes a good point.  When people have a way of identifying with you, you're more likely to get their business.  Thanks!
12:36pm • #6
APR
15
2008
How about the RE/MAX buyer's agent who was hit with a lawsuit from clients who claimed he defrauded them and violated his obligations by not informing them that comparable properties on the block were selling for less than what they paid.  Do you think having a niche or being a specialist in a specific area would have held the Buyer's Agent to a higher standard and accountable in this instance?  Thank goodness the jury found the agent not guilty.   

2:51pm • #7
APR
17
2008
Shannon, what a great post for any new agent. Your remarks are a quick snap shot for overnight marketing campaigns. Hope the new agent or ones going back to the basic in this market, read it...Thanks again.
2:27pm • #8

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Shannon Aldrich ~ NH & Maine Real Estate Seacoast

Rye, NH

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Keller Williams Coastal Realty

Office Phone: (603) 610-8511

Cell Phone: (603) 502-7660

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Sharing perspectives about living in the New Hampshire Seacoast & Southern Maine area from a native professional real estate consultant. Marketing ideas for other real esate agents that can be used in any market.



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