I have been absent from the site for a while (did you miss me?) during which time I have been Staging, and also traveling to different cities in the US to train others about Home Staging.  It has been interesting to hear what various markets are experiencing with the tough resale market, and to learn which areas are still doing well.  I have been to Evansville, Raleigh, Atlanta, Tampa, Scottsdale, Portland, San Jose, and Pleasanton.  It has been an interesting way to hear about how the market is impacting our business with first hand glimses into the economy and attitude of entrepreneurs.

From the north, south, east, and west - I hear stories of success and struggles.  And I hear the question - will Staging survive the market downturn?  Estimates of another possible year of adjustment can be scary for those that have tied their coat tails to the real estate industry.

It has been interesting to speak with Stagers that work the various markets where I have been, and hear how their businesses are doing - and what, if anything, they are doing to help adjust to the changing market.  And it has been exciting to see the anticipation light up in the eyes of those just discovering this field as a viable business, (both realtors and Stagers) and the fervor with which they approach building their businesses.  These new people don't know any better and so to them, succeeding in a tough market won't be seen as a challenge - because they don't have anything to compare it to.

On one hand I see there are those that are shutting down business.  I got yet another email from a Stager in my area that is going out of business and pursuing design work instead and wanted to unload her staging inventory.  My immediate thought is "Good - that means more for the rest of us," and she is happy as she is pursuing what she really enjoys which is the design side of business.  I don't pursue that - and can actually refer her business. So it is not a bad thing.  And I don't see it as "she was not able to get business as a Stager, so that means there is no business."  Just because one person chooses to pursue something different does not mean there is a lack of opportunity for me - or you!

I know there are Stagers that are continuing to grow their businesses and remain productive in their regions.  I hear from them as well.

But the question remains:  Do sell offs and closed doors signal a shake down of the Staging industry?  Should we be concerned about business drying up or not having enough to sustain our income needs?

I have two answers for that questionYes and No.

The difference is that those in the NO category are out there marketing to their business targets and have not ever stopped that mode of business growth.  Those in the YES side - well, I would bet money that their business has slowed and they stopped actively marketing a while ago, relying instead on their base of business developed over the past year(s).

The moral of the story is: We can never stop marketing because when we do that - we will have a lapse in business as a direct result of our lack of marketing.  If the market is slow where you are - then spread your net wider to capture more business.  Find ways to capture new markets - such as the REO market.  Find ways to engage in Staging that has nothing to do with Selling a house.  We need to carve out new niches in order to sustain income - especially if we are in a market where the resale side of things has gone almost all foreclosure.

There is no shortage of income for us - just a shortage of belief in how to obtain jobs and market share.  Here are some tips for success in a market that is still trying to stabilize:

  • Network to find business opportunities - you never know who might lead you to a client or possibly BE a client for you
  • Make sure that you are out there at least 3 times a week making contacts
  • Re-invent your Staging to fit into a niche market
  • Face time is important - do not hide out at home in fear
  • Be excited for the new ways you will be able to serve your clients!
  • Work your network and ASK for business and referrals

 

 
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12 Comments on Is the Staging industry going through a shake down?

MAY
28
2008

Great post!  I think it is true in any business that whenever you stop marketing, you will have a lapse in business.  You get out of it what you put into it and even though times are tougher in some markets than others, we all need to remember to keep investing our time and effort in marketing our business to keep it alive and growing.  Sometimes that will require a lot more time and effort than other times.  This happens to be one of those times when the market is tough and we have to work harder at getting new business.

3:07pm • #1
Outside Blog Hit Router

Jennie,

Great advise for all stagers, no matter what condition their local markets are experiencing, they do need to continue to market their businesses. 

You have been a very busy gal, and the answer to your question is YES we missed having you around! Now stay a while this time, will ya!

3:08pm • #2
190,381 Points 4 Featured Posts Outside Blog

Yes, you've been missed.  Like Michelle said, this is great advice.  Thanks for sharing!

Kathy

5:24pm • #3
147,523 Points Outside Blog

Whew...you have been and are a busy bee!  Great Post Jennie!  Nice to see you back here sharing again.

10:00pm • #4

Thanks for the post.  So true indeed!  Marketing is hard work, but keep plugging along and the business will come.

Joan Inglis, Realtor, ASP, Charlotte IAHSP Chapter President

10:21pm • #5
MAY
29
2008
3 Featured Posts

Jennie: We've missed you! This is excellent advice....You've just got to set aside time each day and market and get out there too.  One thing that really stood out for me when I attended training that you taught was the MARKETING!  You drilled it in my head...LOL!:) 

6:01am • #6
4 Featured Posts

Hi All,
For some reason my email is not delivering things - not sure what is up with comcast.net - but will have to call so did not see all the responses 'til I logged in . . . thanks for the feedback!  Marketing is the key for sure!

- Jennie

4:09pm • #8
MAY
30
2008

Great advice. Thanks so much for caring.

3:49pm • #9
4 Featured Posts

Staging is here to stay as a necessary service - even with houses in foreclosure and markets continuing to slide (although not as much as in the past).  In fact, in those markets where the tide is turning, and buyers are out and sales are happening, it's a matter of time (6 months) before we see the collective sigh of relief and the expectation of getting back to business happen.

Those that stay active and out there with sharing the benefits of what we do will be ready to help all those clients that will once again be in need of Staging on a regular basis. - Jennie

8:46pm • #10
MAY
31
2008
213,049 Points 5 Featured Posts

Well, you may have been gone, but this post proves you are back in a big way.  Great post! 

10:20pm • #11
JUN
01
2008
2 Featured Posts

Great post and reminder to never stop positioning yourself... Market, market, market

Blessings,

12:11am • #12

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Jennie Norris, ASPM, IAHSP

Littleton, CO

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Sensational Home Staging

Address: www.SensationalHome.com, 1-888-WE-STAGE, Littleton, CO, 80127

Office Phone: 888WESTAGE

Cell Phone: (916) 768-1662

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Jennie's advice and experiences about Home Staging shared with colleagues and clients.

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