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Last year I read two articles that have helped me to find my path and keep my goals out in front of me each and every day.

The first article, "Think Category First, Brand Second", by Al Ries, discusses building a category and dominating it prior to building your brand. He then expands upon this theory in a later article titled, "Category Builders and Category Killers".

In these articles Ries sites examples of companies that have dominated a category before their brand and continue to do so- think Starbucks. He also gives examples of those that have built their brand first, but then failed to exert an influence over a category- think Smirnoff Black.

Hmm...say what? Exactly, emphasizes Ries, you think Absolut. Smirnoff Black doesn't even enter the horizon.

Why do I bring these articles up now?

Because every real estate professional needs to think about their category and then their brand. This may seem like a foreign concept, the path always taught is to build your brand first. But if you build your brand first then what is the value proposition that you hold to real estate buyers and sellers?

You want clients who think of you first, foremost and always. Hard to do with a one size fits all style. Make no mistake: A name that's just a name could give the same service if named another name. Let me explain: If you are just a brand name, a real estate consumer will perceive the same service as your competitor down the street. It is your unique attributes, it is what you bring to the table that no one else can bring, that make you the obvious choice.

How do you think category first, brand second?

Think about your unique qualities and skills. Think about why you got started and continue to work in the real estate industry. Think about your untouchable qualities. Think about what you can give to real estate buyers and sellers that will have them coming back for more in the way of multiple purchases, repeat business and referrals. This is what will help you to determine your category.

Once you make the decision to be a category creator you will begin to build your leadership and longevity. You will be in a category of your own... a pioneer in a stream of real estate businesses, many of whom are struggling with their business models as consumers demand more transparency, accountability and resourcefulness.
My challenge to you

Continue to learn from others but look to dominate and innovate in a category this year. Dump the flavor of the month and the cookie cutter services and build a business that will give you longevity and an exit strategy.


 
Post is included in group: ABC's of Real Estate Marketing
Post is included in group: Art of Professional Salesmanship
Post is included in group: Social Media Marketing

6 Comments on Brand Domination or Category Creation: Which do you choose?

MAR
10
2008

Outstanding post. Really enjoyed reading it. You have a gift, please continue to share it.

Jim

www.jimfischetti.com

4:38pm • #1
649,189 Points 29 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master
Rebecca, excellent advise!!  I don't have time to read the articles right now but will bookmark this post for later.
4:43pm • #2
343,366 Points 36 Featured Posts Outside Blog Attended Rain Camp Called Shot Master
Terrific advice, Rebecca.  If I'm understanding you correctly, it's basically choosing our niche then marketing from there?
8:44pm • #3
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Yes, excellent advice. I have the same observation and question as Lisa. It's like defining or carving our niche? But I think I also read our niche should be easy to define, because it is something we already do or a defining quality or characteristic of our business. Correct?
8:56pm • #4
401,463 Points 10 Featured Posts Outside Blog Attended Rain Camp Called Shot Master
Rebecca, You post very thought provoking material.  I have never head of these books and will be finding them now.  
9:00pm • #5
173,150 Points 43 Featured Posts

Jim, Marchel and Steve- Thank you.  I hope you both enjoy the articles I have hyperlinked.  I sure did.

Lisa and Craig- It is exactly like carving your niche.  Will your market support the niche.  Is anyone else working your niche.  If so, is their room for you to dominate, or the possiblity.  Can that niche be tweaked and redefined for your specialities. 

Can you create a sub niche within that niche that when people think about buying or selling in your area, you have to be the first person that pops into their mind bar none.  Can you envision yourself becoming as recognized a brand as Absolut?  Can you envision yourself being as successful as Starbucks, as dominant?  What can you do that can get you there?  Pretty exciting stuff.

9:07pm • #6

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Rebecca Levinson, Real Estate Marketing Consultant

Lake Geneva, WI

More about me…

Real Skillz-Clear Marketing for Your Real Estate Vision

Address: Lake Geneva, WI, 53147

Office Phone: (815) 219-0691

Email Me

Real estate marketing blog chock full of real estate marketing tips, strategy, advice and inspiration to enhance your real estate marketing skills.



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