Special offer

Multi-Million Dollar Producer-Do You Use This In Your Marketing?

By
Services for Real Estate Pros with Talk 2 Midori, LLC BK645709

Agents ask me all the time should I use Multi-Million Dollar Producer in my marketing?  I might get beat up right here in this post...but in most instances I tell them NO!  Our words are powerful and we can send mixed messages especially if..we are looking to grow our businesses.

When I see multi-million dollar producer I think good for you...yes..you definitely sold a few houses..as a matter of fact my views might be very different from the public perception.  Does it matter, public perception that is?  Of course it does, you aren't impressing me...it's the public you are going after..so think about these things when you place multi-million dollar producer on your marketing.

MULTI-MILLION DOLLAR PRODUCER

REALTOR perspective

It Shows my achievements..I am successful...I'm stronger than my competition...and you want me to help you buy or sell real estate!  I have lots of experience...I sold some houses..I know what I am talking about and you need me to market on your behalf.

Consumer perspective

Did you see that?  Multi-Million Dollar Producer...REALTORS are loaded..even in this market..they won't miss pieces of their commission..after all they are multi-million dollar producers.  Maybe they are too busy..maybe they won't work with me but maybe my house won't be good enough to sell.

You may think this is a joke but it is not..I have had these types of conversations with consumers..as a matter of fact..so have other agents.  Funny thing...a million dollar producer is poverty level..but the public may not see it that way...a multi-million dollar producer might only really mean..you are close to National average in compensation.  What message are you sending out?

My suggestion to you is take a look at it again....

MULTI-MILLION DOLLAR PRODUCER

Do you use this in your marketing?  If you do or do not...why?  I'd really love to know!

Midori Miller is a licensed real estate associate with CENTURY 21 Sundance Realty, Real Estate Trainer and Manager. If you are interested in a career in real estate please contact me!  All calls and inquiries are confidential.  CENTURY 21 Sundance Realty is located in Volusia County with 3 office locations to better serve the public.  Daytona Beach, Ormond Beach and Ormond by the Sea.   midorimiller@yahoo.com

Melissa Grant
A Serendipity World - Greenbackville, VA
The Law of Attraction In Life & Business

Midori - For the exact reasons you have mentioned I NEVER use slogans such as Multi-Million Dollar producer. To me, it's a matter of tooting our own horn and realistically consumers don't care how much we have sold, they want to know how we will sell their home ! Great post !

Oct 12, 2008 01:19 AM
Judy Peterson
Berkshire Hathaway HomeServices Fox&Roach Realtors - Tredyffrin, PA
"Superb Service, Superb Results"

Midori! - That's so old style real estate to talk about being a multimillion dollar producer, don't ya think?  Today's real estate marketing should focus on the community, the features and benefits of the property and the clients.

Oct 12, 2008 01:20 AM
Diane Bell, Hilton Head Real Estate, Bluffton
Charter 1 Real Estate, Hilton Head, Bluffton, SC - Hilton Head Island, SC

Midori,

I've always said that it mattered more to agents than consumers.  Heck, I don't think that consumers are that cognizant of how many millions we've sold.  In fact, they think we're referring to our salary.

Oct 12, 2008 01:24 AM
Midori Miller
Talk 2 Midori, LLC - Daytona Beach, FL
Online Marketing For Real Estate Professionals

Hi Everyone-I am not knocking anyone who markets this way..to each his own and I know it might appeal to some consumers.  We just need to think about public perception always..regardless of whether they are right or not.

I personally would not market this way...I think when a customer can give you kudo's that is priceless marketing...designations are priceless marketing...and being good to people..the best form of marketing! 

As far as designations...get them we can all use more education and get your broker's licenses..I encourage everyone who qualifies..who is capable..to get their broker's licenses.  I don't believe real estate will always stay the same.

However you choose to market yourself...be aware...PUBLIC PERCEPTION!

 

 

Oct 12, 2008 01:29 AM
Kat DeLong
Realty ONE Group Mountain Desert - Prescott, AZ
REALTOR

Midori: GREAT POST.  When I see TP (Top Producer), Million Dollar Producer, #1 or Best of anything on advertising, I always think they MUST need their ego scratched. TP, nor Million Dollar Producer to me, does NOT mean they are the best or even close to the best of anything. I've known many heavy hitters and worked for the biggest company around and, unfortunately, MANY were not, NOT only the best of anything, but many walked a fine line of ethical behavior.  So those words to me (and probably most consumers) mean very little.  I say "SHOW ME," don't TELL ME. 

Congrat's on the well-deserved feature!

Oct 12, 2008 02:12 AM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Thanks for the post. Happy Birthday. (sorry I missed the date) I agree designations are important.

Oct 12, 2008 03:09 AM
Pippa Mac
Chevaux Group Realtor, The Woodlands and Spring - The Woodlands, TX
The Woodlands TX Real Estate

Midori ... I do not use it.  People like you for you, I don't think it makes a difference!

pippa

Oct 12, 2008 03:16 AM
Susan Emo
Sotheby's International Realty Canada - Brokerage - Kingston, ON
Kingston and the 1000 Islands Area

I built my business off these "Top Producers"!  When I began my career I took great delight in educating my clients on how they should  be treated.  That I could provide them with all the time and attention they deserved.  They wouldn't be ignored with phone calls never returned.  That I would never be too busy chasing the next deal to look after their needs.   This is our Canadian Thanksgiving weekend and I give thanks to all the ego agents who allowed me to create a thriving business!

Oct 12, 2008 03:46 AM
Susie Blackmon
Ocala, FL
Ocala, Horses, Western Wear, Horse Farms, Marketing

It's NOT about the realtor...

Oct 12, 2008 04:28 AM
Celeste "SALLY" Cheeseman
Liberty Homes - Mililani, HI
(RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE

Nope...not me. And for your very reasons. I like what BB had to say....it's an ego ad. YUP> that's the jest of it.

Oct 12, 2008 04:56 AM
Bob Cumiskey
A1 Connection Realty, Inc. - Sun City Center, FL
US Army Retired, Your Sun City Center, Florida ~ Realtor

Midori, Great post.  A definite eye opener.  I thought multi-million dollar agents were very rich, until I started doing RE and realized just how much work it took in a "average neighborhood" to accomplish that and just how much you really made. 

Oct 12, 2008 06:08 AM
Nannette Turner
eXp Realty LLC - Lynchburg, VA
Online Marketing Home Ownership Advocate Specialis

Great post here.  It is more important to know something about your people than know everything about your product.  This past week in AR was a great example.  We lost our Blog Button.  The A.R. staff thought the Blog Button missing would somehow enhance SEO or maybe attract consumers whatever... but they listened to the members and it has been returned to it's rightful place.  Now we just need to convince the politicians to do the same. :)

Oct 12, 2008 06:30 AM
TIM MONCRIEF
Tim Monciref - Austin, TX
Over 2,000 homes sold…..

That is the most rediculous tag line used with Realtors.  If one of my agents is not selling $4million their second year, they are fired.  I don't have a problem putting down your accomplishments, but any one selling less than $5mm is not surviving and should get out of this business.  Really, anyone selling less than $10mm should consider getting out.   There are too many other avenues that are alot easier to make the same money.  Billion dollar producer.....you got my attention....

Oct 12, 2008 01:27 PM
Justin & Katie Keisler
Hickory, NC

Great job linking back to yourself in every keyword! Haha! It helps your rankings, and thats evident that you know!

Have a great week!

 

Oct 13, 2008 02:55 AM
S W
Seattle, WA

LOL Midori,

"Million dollar producer" means "sold anywhere from one to four houses", "multi-million dollar producer" means "sold anywhere from one to eight houses".... All I can say is....well, four or eight houses a year is not what I think of when I think of success in real estate....  How can someone eat on that little? Agents have got to think "big" if they are serious about being "big". I've never promoted myself as a million dollar agent, probably because when I first started, I thought it meant "made a million dollars". My first 16 months (2002) I sold 30 houses and felt crummy about myself because I wasn't a "million dollar agent". Then later I find out I was. LOL!! I have never liked all that real estate "snobbery". I used to not tell people I owned a real estate company because I wanted to earn my business and not have people automatically presume I was good from a "resume" standpoint. I'm not so shy now, but I still dislike snobbery-isms to this day.

Oct 16, 2008 11:50 AM
AMBER NOBLE GARLAND - Top Real Estate Expert, Property Tax Appeal Specialist & Author
Strategic Marketing Expert & Relocation Specialist Serving New Jersey and nationwide! - Marlboro, NJ
- The Agent You Can Trust To Deliver REAL Results!

It all depends on what market you're in. Yes, I use it in my signature line, and believe it or not, more often than not, my clients mention it and compliment me on it. In the current market especially, sellers want to know that they've got someone representing them, who can win big for them. If you put it in your signature but aren't able to back it up with bonafied stats, then you have a real problem on your hands.

However, if you have the closed transactions, dollar volume and battle scars to prove it, then you absolutely should display your achievement. That's what marketing is about...positioning your product or service in the most favorable light to the consumer. If you don't let them know, then who will?

Nov 26, 2008 03:12 PM
Anonymous
Wendy Morris

Interesting thread, given the HGTV show Million Dollar Listing etc.  How many of you have actually sold say $10m this year or more ?  or should I ask the question and be shot how many of you not sold $1m this year ......   We have debated the use of this phrase in house.  There are two very seprate school of thoughts.  We sell high end listings in the Locale I work and reside . Our clients by nature would not deal with a realtor / broker agent who shall we say had an average list value of $100 k   They want to know you have sold Multi million dollar homes, however just five miles north of us if I was to use the same marketing I probrably would be beat up and shot ......  The moral is there is a place and a time to use it as a few have already stated .

Nov 10, 2009 08:29 AM
#58
Anonymous
Laurie Lohoefner

I agree...that kind of advertising is an ego ad and more to impress the competition.  You want potential clients to know you care about their needs.  They aren't going to pass your name along as a referral just on the basis of your multi-million tag line....Put it in your office and enjoy the personal achievement....market yourself to the client needs and expectations...isn't that how you got to the multi-milliion status?!  Great post!

Nov 11, 2009 08:25 AM
#59
Anonymous
Cullen

I'm not a realtor. I'm looking for my first house and ran across this tagline in an email signature. I laughed out loud because this looked so funny and cheesy to me. I had to google to see if this was a common thing. What was meant to impress me actually turned into a laughing point at the realtors expense. It's like wearing a mullet in 2011. You really think you look cool? What a chump.

Jun 08, 2011 04:20 AM
#60
Morry Eghbal
www.successorsdata.com
CEO of Successorsdata.com

Friend, do what you have to do to get you business as long as you don't break the law. 

But for all those Multi-Million dollars producers... read this blog post.

http://activerain.com/blogsview/4587848/multi-million-dollars-luxury-real-estate-leads-

Jan 26, 2015 08:18 AM