Introducing Your Brand to the Real Estate Marketplace

By
Services for Real Estate Pros with HouseHunt.com DRE# 01297932
https://activerain.com/droplet/4MBk

 

A HouseHunt, Inc. Article

Concepts taken from Diamond Business Plan

Written by  Lauren Agajanian, MBA

 

"I'd like you to meet Maestro Joann Falletta, the first ever female conductor for a symphony orchestra.  Maestro Falletta, this is my daughter Lauren."  

 

                A little anti-climactic don't you think?  Had my mother ended her introduction there, I would have felt less than capable to continue the conversation that ensued.  I learned an invaluable lesson right at that very moment about the impact of self-branding.  Luckily, my mother continued, "Lauren recently accepted a full athletic scholarship to play volleyball at Pepperdine University"  and I'm back in the game.  I shook Maestro Falletta's hand and (at just sixteen years old) now I, too, felt I had something to contribute.  In essence, my mother had established my brand as a promising high school athlete and, despite being in awe of this woman's unsurpassed achievements, I knew to position my behavior, body language and word selection to reflect this introduction.

 

My  "established brand" was easy to live by because it was already aligned with three very important concepts I knew to be true of myself.  The Three C's are core values, core competencies, and competitive advantage. They are unequivocally the most important concepts in establishing a believable personal brand in the real estate business. 

 

Let's take Maestro Falletta as an example.  There we were, two very important women...at least, my mother thought so... and I can tell you as clear as day from that 3-minute interaction over twenty years ago, what her 3 established C's were back then.  Why so easy? Her brand was truthful, consistent, decipherable, and relevant to the talent she was showcasing in her business...music.

 

In real estate or any business where you offer your professional services, self-branding is paramount to your success. Consider this quote:

“The art of marketing is the art of brand building. If you are not a brand, you are a commodity. Then price is everything and the low-cost producer is the only winner.”-  Phillip Kotler

 

In other words, if you do not have a way to market your services as a unique brand, you will be judged

alongside other agents only by the cost of your service. Discount brokerages would be king and

competition fierce.  How are you able to deliver your brand to the marketplace most effectively?  Know

with certainty what your individual 3 C's are and test them using the T.C.D.R. Method below (Truthful,

Consistent, Decipherable, Relevant.)  Notice how you can take each one and put it to use in your

marketing and action items.  Like this:

 

 

CORE VALUES –  Choose at least 5 core values and know them by heart. If you don't think these matter, think again. Among the traits of the most successful salespeople, at the top of the list is a solid set of core values.

 

T.  Make a truthful assessment of your core values and do not waiver from them.

C.  This keeps your behavior consistent with your most highly valued traits.

D.  Make sure these are also traits your peers or family can easily see and interpret as being of benefit to

those you are introducing to your brand.  They must be decipherable as a dominant strength your

business (or you) possesses among other valuable traits you may exhibit.

R.  Make sure they are relevant to your industry and the service you are offering. You may find

your religion very important to you in your everyday life, but ask yourself if it is relevant to your

audience and what you hope to gain from those relationships.

 

Try to incorporate each row into your marketing plan or a daily task list and watch the incredibly

powerful impact emphasizing the right strengths and performing only relevant tasks will have on your

business. Is it important to you that your client feels educated throughout the transaction? That you are

transparent and ethical in all your dealings? Is higher education and obtaining certifications in your

industry of high value to you? Do the tasks you currently perform reflect these important items? What

about your marketing presentations and education pieces - do they reflect your values?

 

CORE COMPETENCIES – These are your strengths - also called core capabilities, it is what your real estate

service possesses that is of value to your clients and that other agents either do not do as well or simply

cannot offer. Consider 3 things your professional service offers that allows your clients to accomplish

their real estate goals and highlights something you feel you do or a service you perform at an

exceedingly high level. Perhaps you live in the community you have made your market area. Your

expertise may go deeper than other real estate agents in that marketplace and you will want to showcase

that knowledge in your marketing and business activities. Have you closed a high volume of short-sale

properties or luxury home listings in your market area? These are traits and successes that your

audience can easily see as a desirable benefit to them and demonstrate absolute competence in your

field.

 

COMPETITIVE ADVANTAGE – This is what makes you truly shine brighter than your competition. A

competitive advantage is a decipherable service offering, price point or knowledge base you possess in

your market that is either 100% exclusive, or difficult to imitate and is deemed absolutely the most

attractive selling point in your business. Like Falletta who was extremely adept at conducting, she was

also the first of her gender to accomplish this feat.  Impossible to duplicate, right?

 

Without a platform of 3 C's that are truthful, consistent, decipherable and relevant, your brand in real

estate is then in the hands of your audience who by being unable to buy into your brand, will opt to

either forget you altogether, or establish one for you based on their own perception.  This can bring

about issues that cause loss of faith in your competence and tarnish your reputation.  How can you

succeed if your audience no longer believes you are capable of performing the very service upon which

your business relies?  It is near impossible fix, much harder than with a corporation who can change

product offerings and even their name!

 

On the other hand, introducing your brand with a clearly defined foundation; a well-designed real estate business plan; and, a system to market your professional service that passes the TCDR test allows your

brand to not only be highly recognized by your community, but you reap the benefits of having a

sustainable and profitable career in one of the most competitive industries for salespeople.

 

What do you think the topic of my conversation was with this incredibly enthusiastic woman who had

reached the pinnacle of success in conducting a symphony orchestra?  She asked questions

about my athletic achievements and smiled energetically interjecting from time to time with comments

that sounded as though she was extraordinarily impressed.  Who isn't inspired by someone who takes

the time to listen to something that really matters to you in your life, and then let's you know just how

impressive they think it is?  And isn't she somewhat of an expert on how to be the best at what you do?

What I remember the most about Maestro Joann Falletta that evening was not her performance at the

Long Beach Symphony but, not surprisingly, the same thing written in Joann

Falletta's website today.  She is "a vibrant ambassador for music and an inspiring artistic leader."  

Now that's a memorable brand.

 

Looking for a brilliant business plan for your real estate career?

HouseHunt's Diamond Business Plan

is designed exclusively for realtors™!

 

Posted by

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Sales and Marketing

Spam prevention
Show All Comments
Rainmaker
221,305
LuxurySoCalRealty Compass San Diego
Compass - La Jolla, CA
San Diego Partner - The Private Client Network

Thank you for sharing Jaime Westman business planning is important.

Jan 14, 2016 03:44 AM #1
Rainmaker
3,067,302
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Thanks for sharing a well written post Jaime Westman - hoping to read more posts by you - so - now "following" you!

Apr 20, 2016 06:16 AM #2
Rainer
152,699
House Hunt
HouseHunt.com - Huntington Beach, CA

Thank you so much - I'm glad you enjoyed the read - I'm "following" you both as well!

Jun 08, 2016 02:58 AM #3
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
152,699

House Hunt

Ask me a question
*
*
*
*