Thursday, April 17, 2014

Tips to Help Agents Design an Effective Marketing Strategy

As a real estate agent, you spend a lot of time marketing your clients' listings. But do you also spend time marketing yourself? If you do not market yourself properly, people will not want to work with you. They will not even realize that you are a real estate agent.
How to market yourself?
Marketing has several facets and you need to take care of every one of them. Here are some tips and ideas to help you design a sound marketing strategy for your real estate business.
Marketing yourself isn't much different from marketing your clients' listings. In both cases, you will be employing the same techniques.
Effective marketing has three component:
 You should know who your target audience is. If you are trying to sell a listing, you should know where the buyers are. Your marketing efforts should be targeted at them. For example, there is no point in trying to sell the listing to a family that has just moved into its brand new home. They will have absolutely no interest in buying. You can figure out who your target audience is by following these simple tips. The target audience depends upon the kind of home you are trying to sell. If you are trying to sell a starter home, you should target newly married couples who live in the neighborhood. If you are marketing a high end luxury home, you should target the affluent sections of the society. Selling a big ticket home to people who can't afford to buy it is a waste of time.
If you are trying to market yourself, you should focus on people living in the towns where you provide your service. As you can see, it is relatively simpler.
Choose the right medium
Choosing the right medium to market your listings and service is crucial. Think about marketing and perhaps the first thing that comes to your mind is the internet. While online marketing is highly effective, it is equally competitive.
In order to get the desired results, you need to design an effective online marketing strategy. When it comes to online marketing, establishing a presence on social media is imperative. You should also consider direct email. If you run a website, encourage people to subscribe to your newsletter. The beauty of this method is that it is highly targeted. The people who subscribe to your email are those who actually want to hear from you.
You should also consider advertising your listing in magazines. If the magazine reaches your target audience, it makes sense to promote your listing / service there.
If you do not choose the right medium, your marketing efforts won’t produce the desired results.
Get your message across
So, you have identified your target audience. You have also decided how to reach them. Now you have to get your message across. If your message is not spot on, all of your efforts will fail.
Your message should directly speak to the target. Don't use general language in your messages. Be specific. You should also ensure that your message encourages people to take the desired action. This is crucial for effective marketing.
Use these tips and ideas every time you launch a marketing campaign to get the best return on your investments.
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