Showing posts with label Luxury real estate blog. Show all posts
Showing posts with label Luxury real estate blog. Show all posts

Wednesday, November 30, 2011

Personal & Company Branding: All You Need Is Love

“All You Need is Love”-- Lennon-McCartney

“All you need is love. But a little chocolate now and then doesn't hurt--Charles M. Schulz, Creator of “Peanuts”

As a luxury real estate marketing professional, emotional branding can sharply differentiate you from your competitors. First you need to romanticize your marketplace. Then, you need to create the perfect personal branding message so that potential clients experience “love at first sight” or on their first encounter with you.

People like to do business with people they trust. Excellent branding is all about accelerating the speed of trust. The faster you can attract and convert potential clients into and an ever-increasing base of raving fans the more money you will make through referrals.

Emotions compel people to act faster than logic. That is why emotional branding is so important. Luxury real estate marketing professionals who are passionate about their marketplace and their job have a greater chance of attracting more clients. Passionate people are like natural magnets. They draw like-minded people toward themselves. If you can capture that passion in your branding and on your website your website can become a silent salesperson for you.

Think of branding like packaging. People who do not know a product will more than likely buy the product based on its packaging. This is true of books, of wine labels and believe it or not, it is true when it comes to selecting a real estate agent. Prospects searching for homes on the web from outside of your geographic area do not know one agent from another. Agents’ websites are basically seen as a commodity. You usually can get the same basic information on any half-way decent agent website. In this scenario, you have a nano-second to make a first impression, to stand out and engage your prospect.

Today there is a glut of wine on the market. Competition is extremely stiff in this industry. As a consumer, if you are not a connoisseur how can you tell one from the other? Fine chocolate has also become commoditized. Chocolate growers have followed in the footsteps of wine growers creating appellations for differentiation purposes, based on the “terroir” or earth in which it is grown.

But, when it comes to the point of sale, how does a consumer who is not a connoisseur know one brand from the other? Trader Joe's markets has built a brand that commands a very high level of trust among its loyal customers. When they put their brand name on a product it usually is worth at least a try.

Trader Joe's understands the value of emotional branding. They did not just call their dark chocolate bar “Trader Joe’s Chocolate”. They named it, “The Dark Chocolate Lovers' Bar”. For the connoisseur they also added this to their packaging: “smooth & fruity from the Tumaco Region of Columbia." The chocolate connoisseur may appreciate these “chocolate notes” (like wine descriptions), recognize this appellation and make a buying decision based on logic. But, average consumers (we are talking about the masses now) who love dark chocolate will grab the package for the first time just based on the name and the festive South American graphic design.

When you are reaching for market leadership your branding must appeal both to logic and to emotions. But, you will find that emotions are the fastest way to the heart of the majority of new prospects when they are in the process of selecting a agent to represent them.

PS. One of our favorite brands is Valhona pictured above with the purple arrow made from the finest African chocolate. As unabashed chocolate lovers and self appointed experts of dark chocolate, we also tried TJ's Dark Chocolate Lover's Bar and enjoyed the "fruity taste." Now we have added another favorite to our list. We educated our palate in the process but that was secondary. -Ron & Alexandra Seigel

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Tuesday, June 29, 2010

Luxury Real Estate Marketing: Less is More Tip#3

Do you have a local movie theatre in your town that is not owned by a large chain? Here is another in our series on low cost promotional ideas that can yield big high quality results and make you stand out stand out from your competition as a luxury real estate marketing professional.

Most people, young and old, love the movies. Quality movies that the entire family can enjoy together are few and far between. When you get wind of one of these gems coming to your town, contact the owners of your local theatre and arrange a sneak preview of the film for a guaranteed number of sold seats.

When one of Harry Potter films was about to be released one of our clients invited a select group of past and present clients to a sneak preview of the film. At an average cost of $7.50 per seat she was able to guarantee 200 sold seats ($1500) which she prepaid. Then she found a non-competing service professional, an estate planner, to split the costs and invite 100 of their clients (including kids). Her total cost was $750.

In addition to thoroughly enjoying the show, the guests got the bonus of “bragging rights” about seeing the latest Harry Potter movie before it was released. Just prior to show time both hosts introduced each other to their clients in the audience which instantly expanded their sphere of influence. They outwardly endorsed each other as trustworthy service professionals, which led to future business. The theatre received additional cash, plus the take from all of the concessions they sold before and during the showing. It was scheduled in the morning before the theater normally opened and a few days before Harry Potter debuted.

There are so many ways you can stay in touch with your core data base of contacts that will turn them into raving fans. Leveraging the buzz of a Harry Potter caliber movie you can trigger massive word-of-mouth advertising ABOUT YOU OR YOUR COMPANY and also generate a tremendous amount of good will.

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Tuesday, July 21, 2009

Luxury Real Estate Marketing : Discovering Your Spots

We are often asked to describe the process of developing a personal or company brand for luxury real estate marketing professionals. Our very first step is what we call the discovery process. Our job is to transcend the layers of superficiality where it is next to impossible to detect distinctions between real estate agents and companies within the same marketplace. With a battery of very pointed questions and two-way communication we reach for and identify the authentic brand signal, the core identity.

The philosophy behind this quest is the notion that things cannot change their innate nature, NOR SHOULD THEY. Instead, one's innate nature (or the nature of your company) should be proudly amplified and expressed vividly so that those who value, and are thus attracted to this core identity can readily recognize that they have found their match.

Have you ever heard the proverb that a leopard cannot change its spots? Nor, can a leopard spotted moth be a butterfly. Some people look at this as a limitation. But, in fact, there are infinite ways to express your core identity.

Furthermore, there is no scarcity of potential clients who would be attracted to your authentic brand signal if you clearly bring it into focus, sharply differentiate it from your competition, and simply make it obvious. Those who seek the impossible task of trying to change their “spots” are trying to be all things to all people and will fail.

The art of branding is tuning into the deepest concerns of your target market and expressing your core identity as the solution to their problem, their challenge or their predicament in an inimitable way. This is a very creative process and we love doing it.

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