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Nelson Notes: (Do you have a ) Purple Cow?

By
Real Estate Agent with Big Block Realty 858.232.8722 CA BRE# 01261476

 

Nelson Notes:

nelson

 

Welcome to my notebook, where I share the highlights from my books read and notes taken while in live trainings & on webinars. I feature a lot of the books I’ve read that I recommend as worth your while to read too. Givers gain, so I’m sharing the good stuff, that it may impact and improve your life in some way.

 

nelson

 

Purple Cow wisdom from Author Seth Godin.

 

What is the Purple Cow in your business? What is your USP?

I must be something very different, very specific; good customer service is a claim too many can make-why is your customer service the best or different?

 

"Create remarkable products or services that the right people seek out." -Seth Godin

 

Seth talks about the reason playing "follow the leader is difficult, is that in our industry, the leader has already taken the remarkable, so by the time you do it, it's no longer remarkable. Be the leader in something remarkable (as seen by your clientele).

 

Most business owners do not lack ideas, they lack execution on those ideas for fear of looking foolish or failing. Leaders risk looking foolish, the fail-and when they do, they fail forward. You have to get out of your comfort zone to be remarkable.

You have to experiment and risk; you have to change, you can't expect your clientele to change their behavior, you have to attract them with yours! It (your product or service) must be remarkable enough to attract early users and flexible enough to be referable to the masses by those early users.

Be specfic, have a niche: no service caters to all possible clients. For Realtors, it's not just a decisicion between buyers and sellers or this neighborhood or that one. It's what kind of buyers (military, first time, vacation homes, etc.) Or, what kind of sellers (golf course community, beach houses, horse properties, high rises, etc.)

"The everybody product is taken".

 

Key Point: Targeting niche's is less expensive to service, build products for and advertise to. Today's caonsumer is a master of ignoring media; you have to break through with your Purple Cow; the Purple Cow grabs attention in a 9 second attention span world.

 

You can't advertise to anyone & everyone. You need to target those that are looking for help and want what you have to offer. You need to know who you are serving. Who's seeking YOU out? How smooth is it for the word to spread about what you do? Who's listening?

 

Find the group that is most profitable for you to serve, the one you have the best chance of not only serving, but getting referrals from and target them. Don't play by the rules. You can be a shepherd, a sheep or the Purple Cow.

Purple Cows are risky and they don't always work, so you need to risk foolishness & failure and be ready to risk it again with a different Purple Cow. (Now there's a sales pitch).

Get feedback from your best customers (loyal advocates) and or clients. One way to know what your market wants is to ask them!

 

Rember it's not about asking WHY? It's very much about asking WHY NOT?

 

I loved this easy read book and Seth also has a great blog with fast tips and current updates on creating your own Purple Cow.

 

 

 

 

Image courtesy of [Praisaeng] at FreeDigitalPhotos.net

 

 

Posted by


Thomas J. Nelson
REALTOR®, CRS, RCS-D, CDPE, e-Pro, Certified Military Home Specialist, Luxury Home Specialist, Author, Keynote Speaker and  Podcast Host 

Serving Coastal San Diego from Carlsbad to Coronado, Downtown, Balboa Park Area,
La Jolla/UCSD & Mission Bay Park Areas
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Disclaimer:  Nothing in this blog article is to be construed as legal advice, tax advice, medical advice or financial advice.  For legal advice see an attorney.   For tax advice, health or financial advice see a tax attorney, certified public accountant, or other qualified professional.
Bill Roberts
Brooks and Dunphy Real Estate - Oceanside, CA
"Baby Boomer" Retirement Planner

Hi Thomas J. Nelson, Realtor Having a well-defined USP is a must.

Bill Roberts

May 24, 2016 11:39 PM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good Morning Seth - Very well written explanation about USP.  Most people do lack focus and execution as you point out.

May 24, 2016 11:53 PM
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets

Thanks, I'll tell Thomas 

May 25, 2016 11:53 AM
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

Thanks Thomas J. Nelson, Realtor - I've not heard of Purple Cow before :)

May 25, 2016 12:26 AM
Alan May
Jameson Sotheby's International Realty - Evanston, IL
Home is where the hearth is.

I've never seen a purple cow,
I never hope to see one.

But I can tell you, anyhow,
I'd rather see, than be one.

~ Gelett Burgess

May 29, 2016 12:10 AM
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets

Clever find!


But, I strongly disagree with Mr. Burgess, in this context. 

May 29, 2016 12:33 AM