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The Future of Your Future Is Psychographic. Why and How?

By
Real Estate Agent with Better Homes And Gardens Real Estate Gary Greene
I write a weekly article for AgentGenius.com, a blog for things real estate related. Here's this monday's post.

MisfitHas this ever happened to YOU?

Weeks of involvement drag by. You're not having fun. Pouring yourself into it, people don't seem to appreciate you. You're likable. But, you're not connecting. Relationships aren't blooming. What's wrong? This misfit story unfolds when the decision to join a group/organization/tribe/niche, is based on demographics, or worse, random happenstance. What's wrong? Your Psychographic proclivities are not in alignment with the group you've selected -- these people aren't your kind-of-people, you know it and they know it. Ergo, nothing good happens. The fix is simple and quick. When you engage with a tribe that has shared passions, interests, activities and opinions, you click and stick. Now is the time to open your mind and imagination. Let's talk about how to enjoy, grow, nurture and profit from choosing the right tribes and crafting relevant and effective marketing, advertising and branding. We'll start with a momentary review of old school demographics, then we'll dive into the in's and out's of new school Psychographics.

You're familiar with Demographic selling?

If you type "definition: demographic selling" into the Google Search, it returns 4,720,000 results. Demographic selling is old school.

Google Search: definition: demographic selling

Crafting a written plan to develop and grow your business is smart. Demographic considerations play a role in every effective business plan.

Want to slingshot your business from misfit and unfun, to popular, appreciated and wildly brilliant?

Learn all you can about unlocking and unleashing the brilliance of Physcographic-Selling.

WTH Is A "Psychographic"?

If you type "definition: psychographic selling" into Google Search, it returns 66,600 results. (My first thought, the sign of Satan, then, realizing it was Lucifer's trick to misdirect, I quickly gathered my thoughts and continued...). Google Search Definition: psychographic selling That's 4,720,00 results for old school "Demographic-Selling" and 66,600 for the lesser known, but brilliant, Psychographic-Selling". Why lesser known? Because the power of" Physchographic-Selling" is most recently electrified by the omnipresence of the internet, social media, online sharing and boundry-less conversation. Facebook, blogs, Flickr, Youtube, Twitter, LinkedIn, etc., all empower us to engage each other on shared Interests, Activities and Opinions (IAO). Interests, Activities and Opinions are Psychographic variables. It's easier than ever to find new friends and join new tribes. Here's more, a snippet from Buzzle.com on the definition of "Phsychographic Selling".
Psychographic variables are also known as IAO variables - Interests, Activities and Opinions. The seller needs to analyze these 3 factors primarily in order to understand the psyche of the customers. Then he can adopt a suitable marketing strategy, or he can alter an existing marketing strategy. The habits that consumers generally display with regard to a certain class of products will determine their reaction to the product that a seller is offering them. Psychographic Segmentation Variables The variables that come into play when we speak of psychographic segmentation are primarily psychological in nature. The following variables could be said to be a part of the process of psychographic segmentation.
  • Interests
  • Activities
  • Opinions
  • Behavioral patterns
  • Habits
  • Lifestyle
  • Perception of selling company
  • Hobbies
Because the real estate business is personal in nature and success is won or lost on the basis of "trust", when planning and strategizing on tactics to grow your real estate business success and profitability, Phychographic considerations add muscular-mojo to your plan.

Psychographic-Selling Mojo

People with similar interests, shared beliefs and in-common hobbies like each other. People trust people they like. People hire and referral recommend people they like and trust. This is why understanding Psychographics and it's IAO (Interests, Activities and Opinions) variables is important. To deepen connection, forge strong relationships, earn trust and have fun, it's wise to analyze your SOE (Sphere Of Engagement) and segment them into tribes and niches of similar Psychographic makeup. Taking this advanced step will insure that efforts to grow the size, depth of connection and your relevance (Top Of Mind Awareness & Trust) within your tribes, returns maximum results.

Here's how: Click HERE To Read The Rest Of The Story.

Comments(31)

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Geoff ONeill
John L. Scott Medford - Medford, OR

The pic Kind of looks like you're hiding.  The shared information is definitely true.  I have a much better time with like minded clients. 

Dec 29, 2009 02:15 AM
Ken Brand
Better Homes And Gardens Real Estate Gary Greene - The Woodlands, TX
Ken Brand

Ronald - Social Media has definetely made it easier to find, engage and enjoy "our' tribe.  Sorta like these comments here.  Cheers to you and 2010.

 

Brian - Yeah, it's an interesting topic to wrap a head around.  I think a simple way might be choosing quality over quantity.  What good does it do to belong to an orginization of 200 if nobody knows you, or if you get 1000 hits a day, but nobody responds or connects with you.  You're better off with fewer, as long as they are quality, people who like you and trust you.  Cheers and all the best for the new year.

 

Geoff - Yeah, I can see how "hiding" might be a first thought.  The good thing, I think, is it creates a "thought", instead of an invisible ignore. Cheers to you and Happy New Year.

Dec 29, 2009 02:24 AM
Missy Caulk
Missy Caulk TEAM - Ann Arbor, MI
Savvy Realtor - Ann Arbor Real Estate

Ken, I haven't checked in on AG this week. But, this is  great, I like that stick.

Dec 29, 2009 02:39 AM
Christine O'Shea
Christine E O'Shea Broker - Naples, FL

Hi Ken, Very Interesting and yes, there has to be Passion!

Dec 29, 2009 02:58 AM
Gregory Bain
Mezzina Real Estate & Insurance - Little Egg Harbor, NJ
For Homes on the Jersey Shore

I'm sorry. I'm going to need to come back to this and give it more thought.  I am going to do old school farming in 2010 and go after the expired listings, but I must re-read and think about what you are saying. It's hard getting old. LOL

Dec 29, 2009 03:15 AM
Jeff D. Clark
Blue Summit Realty Group - La Grande, OR
Your Eastern Oregon Real Estate Specialist

Thanks for the site tip!  I have bookmarked the blog site you mentioned.

Dec 29, 2009 03:29 AM
Jeff D. Clark
Blue Summit Realty Group - La Grande, OR
Your Eastern Oregon Real Estate Specialist

Thanks for the site tip!  I have bookmarked the blog site you mentioned.

Dec 29, 2009 03:29 AM
Aaron Vaughn 830-358-0455
Conifer Builders LLC - Canyon Lake, TX

I've always held a theory that people who need new buzzwords and follow the pack all the time are followers because they don't have the drive, intelligence or ability to think and do for themselves.

Dec 29, 2009 03:36 AM
Kate Wheeler
Country Homes and Land Murphy NC Realtor - Murphy, NC
CCIM - Murphy NC Real Estate for Sale

What you're saying makes a lot of sense, Ken.  I think a lot of good salespeople instinctively look for common ground when meeting a prospect.  You're saying we need to bring it to a conscious process and look for prospects where we already share a common ground.

Dec 29, 2009 04:19 AM
Kirsten Lindquist
Pacific Union International - Sonoma, CA
Realtor - Sonoma Wine Country

Heard the term "psychographic" for the first time ten years ago when dealing with a marketing/pr firm and have used it from time to time....to the confusion of lots of people.  Thanks for this succinct definition....I love the word!

Dec 29, 2009 05:14 AM
Jim Paulson
Progressive Realty (Boise Idaho) www.Progressive-Realty.info - Boise, ID
Owner,Broker

Very true stuff!  Don't we all sell differently to the retired couple who went through the depression mind set different than the Gen X'ers?  High open vaulted ceilings provide the non caged in feel of today's cubicle work environment; however, they are perceived as heating and cooling nightmares to the elderly that are more frugal.

Dec 29, 2009 05:27 AM
Melissa Zavala
Broadpoint Properties - Escondido, CA
Broker, Escondido Real Estate, San Diego County

This is all very interesting. I love your description of the half face prolfile pic. I had not heard that theory before.

Dec 29, 2009 05:31 AM
Tere Rottink
CoastalVa Realty Inc - Virginia Beach, VA

This sounds very interesting, so I will come back and re=read.  Happy New year.!

Dec 29, 2009 06:24 AM
Bill Gillhespy
16 Sunview Blvd - Fort Myers Beach, FL
Fort Myers Beach Realtor, Fort Myers Beach Agent - Homes & Condos

Hi Ken,  Excellent analysis of psychographics.  Certainly something we can all work on !   Happy 2010 to you !

Dec 29, 2009 06:45 AM
Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth

Ken, in a nutshell, birds of a feather, flock together. Now we can just test for it. Is this like eHarmony for compatibility? LOL. Psychographic? This doesn't involve hallucigenic drugs does it? Pardon me, long day <Smile>.

Dec 29, 2009 08:37 AM
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

If it does, Gary, I'm partaking. (wink)

Every client I have who loves their dog--and mine--is proof positive to me that this works. Luna's been my top producer for years. :)

 

Dec 29, 2009 10:10 AM
Patrick Harfst
Realty Executives - Phoenix AZ - Gilbert, AZ

Ken,

Good writing! Can you fill us in on when you will have the book ready? Self-publishing? E-book? The article is spot on, and timely as well. We all need to be working on our business plans (or have them done!)

Dec 29, 2009 10:34 AM
Tony Grego, 317-663-4173 #1 Trade Association for Alternative Inv
REISA - 317-663-4173 - Indianapolis, IN

Interesting post. Stirs up plenty of thought and questions. Will have to re-read again

Have a great day

Tony

Dec 29, 2009 10:08 PM
Ken Brand
Better Homes And Gardens Real Estate Gary Greene - The Woodlands, TX
Ken Brand

Thanks for reading and more, thanks for commenting. All the BEST for a BIG 2010.

Patrick H. - Thanks.  I'm shooting for publication at the end of summer, Wizard Academy press.  I'll keep everyone posted.  Thanks for asking.

Candice & Gary - Bad news, it doesn't involve drugs of any kind.  Bummer I know.  But, don't let that stop you from appreciating the magic of Psychographics.  Ha, ha...all the best in 2010.

Kristen, et al - Yeah, Psychographic is a cool work, most generally raise an eyebrow when the hear it.  Cheers.

Gregory - Geographical farming still works if you work like a banshee to connect with the neighbors. Psychographics can be pointed more accurately when choosing which groups, organizations, clubs, etc. you would join, to have fun, make new friends and as a by product, earn the opportunity to help your friends and fellow tribe members.

 

Cheers all - thanks.

Dec 29, 2009 11:11 PM
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

Wowus a new buzz word!  You got some great new ideas, thanks for sharing.  Not sure how to implement your advice right now?

Dec 30, 2009 07:00 AM