Selling a truly unique luxury property is different from your typical sale. It requires a more focused approach and a more sophisticated touch. Clients whose homes are worth many millions expect that special measures will be taken to market their property.
Sometimes agents will need to take extraordinary measures. When there is competition in the luxury market, there is an increase in high-end open houses — elegant and expensive events that spare no expense in showing a listing’s best qualities. This is not a typical open house.In this blog you’ll learn some of the ways that you can host a unique event to showcase a special property.
In many cases, traditional media is still very effective for the real estate business. Agents may be getting great results from direct mail postcards and advertising in print and online. Using postcards to let neighbors know what you have just listed or just sold works because it offers market information, plus exposure for listings and for yourself. Make sure the photos look great, the message and the call to action is clear and that the brand is properly reflected.
Advertising in print is effective in certain markets, though not in others. Online advertising allows potential clients to click through the ad to your website or email. And don’t forget to look into marketing opportunities on syndication sites like Zillow. These can help with lead generation as well. Ultimately, advertising works best when you know who your target market is and how to best reach them.
With social media’s important role in marketing, most real estate agents maintain at least one social media account for their business. Facebook, Twitter, Pinterest, Instagram and Snapchat are among the most popular, but additional networks may emerge, and you’ll need to be ready. The idea is to keep your company relevant and useful. If you can find a specific angle that can bolster your brand, all the better.
Create an editorial calendar that runs at least three months out so that you can map out a strategy and use any analytics that are available to optimize and refine your message. Social media holds a varying level of importance, depending on your target market, but no agent can afford to neglect it entirely.
Surveys, Testimonials and Reviews
A completed transaction is not the end of the relationship. There is still marketing work to do! Start with surveys, testimonials and reviews. It’s a good idea to send a survey to clients after a transaction is finished to let them share the pros and cons of their experience with you. This information can help you make improvements to systems and services.
It’s also a low-pressure tactic to ask for a testimonial and an online review. There are third-party survey services that are simple and inexpensive to put into practice. This should be part of your operating procedure at the close of every sale. And getting testimonials and reviews on sites like Yelp can really help you expose your brand to new clients and stand out from the competition.
Participate in the Neighborhood
Lastly, one of the best ways to market your business is by simply being top-of-mind when it comes to real estate in your neighborhood. The simplest and most effective way to do this is by actually spending time participating in local events. Have a presence at festivals and town meetings. Consider volunteering at the local school.
#1. Show Up at Neighborhood Events
Suggest that your brokerage sponsor neighborhood events, or simply make sure to get a table at them. You may want to keep track of event opportunities and attend yourself. Seek out opportunities to put yourself in front of the right target market.
#2. Offer Advice or Expertise
No one likes someone who only talks business, but there’s nothing wrong with being helpful and relevant. If you keep your ears open and participate with people, you will find organic ways to help market a company that truly is a part of the neighborhood.
#3. Manage Your Local Brand and Reputation
All in all, it’s important to remember that selling homes is just one part of your business. It’s just as imperative to ensure that your business has a future flow of potential customers and that your brand and reputation is being managed in the best way for you and your business.
AgentEDU® is a platform where agents at every level can come to watch 10-minute video courses for the many situations that successful agents must master. From essential to advanced level and everything in between, AgentEDU® courses help agents become top producers with increased earnings and a plan for continued growth. For a 7-day free trial sign up here.
AgentEDU® is an Agent Publishing brand. For nearly two decades, Agent Publishing has been committed to providing residential real estate professionals with the information and training required to build successful and meaningful careers in their local markets. Agent Publishing’s influence extends to every career stage and reaches agents across print, digital, events and online learning.