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What Is The Power of An Endorser Brand?

By
Services for Real Estate Pros with Napa Consultants DRE00893924

Aligning your personal or company brand with other readily recognizable and reputable brands can instantly elevate your stature in the minds of your target market. If they trust the endorser brand they are more likely to trust you or at least give you priority over lessor known brands. That is the power of an endorser brand!

 

European travel has always played a large role in our lives both for business and pleasure. When we were in our early twenties we had the great fortune of discovering Relais & Châteaux. It is an Association of outstanding, refined hotels and restaurants (not a chain) dedicated to the Art of Living, each offering impeccable service and culinary experiences that create indelible memories. At the time there were just over a dozen of members primarily in France. Today there are 530 members in 64 countries.

 

One of our first experiences at a Relais & Châteaux property was Domaine Les Crayères in the Champagne region (depicted above). We stayed there in the first year after they were accepted as a member. Our room was $50/night, but they upgraded us to one of their best rooms for $75/night with a balcony that overlooked the magnificent 17 acre park, which is part of the grounds. Today the same room is over $400/night (off-season).

 

The wine list at Les Crayères’s legendary restaurant (2 Michelin stars) includes more than 600 champagne labels. Memories of the meals we enjoyed there have lasted a lifetime and can cost almost as much as the rooms themselves (depending on the wines you choose, of course).

 

In planning an upcoming trip to the Umbria region of Italy, we did not have any particular recommendations for hotels. So, Alexandra looked into Relais & Châteaux for inspiration. We were flabbergasted to discover that, during off- season, there were some Relais & Châteaux properties there that were in our moderate price range for this trip.

 

It took all of two seconds to make our decision to book these hotels, sight unseen! That is the power of an endorser brand.

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WE SPECIALIZE IN
STRATEGIC BUSINESS DEVELOPMENT FOR
LUXURY REAL ESTATE,
FINE WINES & PHILANTHROPIC EVENTS

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                         Ron & Alexandra Seigel, Managing Partners

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                   If Gaining or Sustaining Market Leadership is Your Quest, we can help!

 

Comments(18)

Bill Roberts
Brooks and Dunphy Real Estate - Oceanside, CA
"Baby Boomer" Retirement Planner

Hi Guys Ron and Alexandra Seigel I've been "following" you for a long time. This "sounds" like the first post (I can remember) that was written by Ron. Is that so?

Your idea about endorer brands is very interesting.

Thank you.

Bill Roberts

Oct 10, 2016 12:27 AM
Kristin Johnston - REALTOR®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

Wow, that is powerful....great stuff!  Remax is pretty recognizable :-)

Oct 10, 2016 12:28 AM
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Good morning, Alexandra and Ron -- it's nice to have a positive experience to rely on when making a decision.  Have a good time in Italy -- looking forward to lots of wonderful photos.  

Oct 10, 2016 12:40 AM
Roy Kelley
Retired - Gaithersburg, MD

Thank you very much for sharing your experience, your photographs and this excellent example of branding.

Oct 10, 2016 12:47 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Bill Roberts you are right about that.  When I write he edits and vice-versa.  In real estate often sellers make a decision on the basis to the endorser brand, not so much the agent.  In commercial real estate large office buildings which are owned by banks or pension funds choose companies that a listed on the stock exchange rather than independents.   This was a lesson in branding for us.  A

Oct 10, 2016 12:50 AM
Mark Don McInnes, Sandpoint-Idaho
Sandpoint Realty LLC - Sandpoint, ID
North Idaho Real Estate - 208-255.6227

Thanks for sharing just bit of yourselves along with the importance/advantage of endorser branding.  Mark

Oct 10, 2016 01:44 AM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Ron and Alexandra Seigel - One of the reasons I choose ReMax was because of their strong brand and world wide recognition.  Thanks for sharing your thoughts. 

Oct 10, 2016 02:21 AM
Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

Wow that is great stuff.  Branding is so important regardless of the type of business you are in.

Oct 10, 2016 03:38 AM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

 I always learn so much when I read and absorb your insights Ron and Alexandra Seigel 

 

Oct 10, 2016 04:35 AM
Robert Bob Gilbert
Berkshire Hathaway HomeServices Anderson Properties - Katy, TX
Your Katy TX ( West of Houston) Real Estate Expert

Alexandra, the power of an endorser brand is huge and certainly a big plus when you are targeting luxury buyers and sellers. Excellent post. 

We stayed at Domaine Les Crayeres for an anniversay trip some years ago. It is a fabulous place and we ate in their restaurant. We had the restaurant basically to ourselves with the staff. Talk about service!! Holy Cow!! 

Oct 10, 2016 05:55 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Ron and Alexandra - the endorser name really makes a difference and that is also the case in the employment market.  I found that out when I was in the corporate world.

Oct 10, 2016 06:33 AM
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Ron & Alexandra - Excellent choice for your upcoming trip. Relais & Chateaux was a great find for us - we stayed in a couple of their properties in Spain and they were outstanding and off-season pricing was very reasonable.

Oct 10, 2016 07:39 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

Isn't it amazing to think back at hotel rates of really nice places in the past, and compare them to what those rates are today?  I did something similar recently. It came when comparing rates at a hotel at the Grand Canyon in 1963, compared to today.

Oct 10, 2016 10:24 AM
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Ron and Alexandra, whether be choosing a hotel in Italy or purchasing a bottle of wine, power of the endorser plays a great role(for me anyway). Looking forward to some great photos from your Italy trip.

Oct 10, 2016 10:58 AM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Brand is important and with it comes expectations. If they fall short we may try again but after another failure we are off to find another discovery. Thanks for sharing your story.

Oct 10, 2016 02:08 PM
James Dray
Fathom Realty - Bentonville, AR

Good morning A.  That is one heck of a price hike however, it looks like its worth every penny

Oct 10, 2016 06:42 PM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

There is definitely power and influence when your brand is endorsed by others, especially those that others already respect.

Oct 11, 2016 02:32 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Hi: Bill Roberts   Ron, here. Yes I wrote this one.  But, I take it as a compliment that you cannot tell which one of us writes the posts. Many times we are each other's ghost writers.  That is one of the joys of being a husband and wife team. We truly are of one mind, although we are each VERY independent spirits who delight in the fact that we approach things, sometimes totally differently. Alexandra's take on the same subject can really surprise me and I love it!  Many of our posts are the blend of both of our perspectives.  Cheers! Ron

Oct 12, 2016 06:56 AM