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#181028 - 11/12/07 10:00 AM Personal Marketing -- Is it Ignored or DEAD?
MaxReferrals Offline
Member

Registered: 09/22/06
Posts: 216
Loc: USA
Is personal marketing ignored, or worse, DEAD?

I know that's a rhetorical question, however...

So much time, effort and money is spent on
traditional methods of personal marketing,
(direct mail, yellow pages, Sunday ads, etc.)
it begs the question:

--> Do people really pay attention to this
when it comes decision making time?

(Defined as: I need a realtor, today).

Or are people more apt to select those people
in their minds that have inherited the perception
(implied or endorsed) as being a "real estate
expert?" (Ex: Realtor who is always quoted in
your local newspaper on RE stories.)

I would argue that personal marketing is indeed, dead.
And that the consumer today wants a person who is truly
an expert, or has gained expert notoriety via third
party endorsements and testimonial (including even the local media.)

That decision may not come overnight to a person.

But in the end, it is a considerable factor in making
the selection of whom they want to represent them.











Edited by MaxReferrals (11/12/07 10:03 AM)

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#181060 - 11/12/07 02:03 PM Re: Personal Marketing -- Is it Ignored or DEAD? [Re: MaxReferrals]
MarketingGuy Offline
Member

Registered: 12/27/06
Posts: 157
Loc: Vancouver, BC, Canada
I can't remember how much of this explanation is mine and how much I "learned" from a web site, but I thought this was a valid starting point for discussion.

"If a consumer knows an agent who stands out in their mind in some significant way and they feel comfortable with them, they will call that agent and ask them to come list their home. If there is no single agent who stands out in their mind, they may ask a friend they know for a referral.

Another option is that they might call two or three agents that they perceive as successful and whom they have a good feeling about, and ask them to come over for an interview. If they don't know or recognize any agents in the area, they will probably pick up the paper, homes magazines or phone book and look for a Real Estate company whose name they are familiar with and call them. If they don't make a connection with the agent they talk to, they keep calling or going to open houses until they meet an agent with whom they do feel a connection."

If this is valid then personal marketing is critical to a Realtors' success.
_________________________
Mike Blaney
www.inboxfx.com for email stationery
www.mikeblaney.com for websites
www.themarketingguy.wordpress.com for marketing ideas
North Vancouver, BC, Canada
604-618-5512
800-568-8338

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#181086 - 11/12/07 05:42 PM Re: Personal Marketing -- Is it Ignored or DEAD? [Re: MarketingGuy]
RealDealer Offline
Veteran Member

Registered: 10/29/04
Posts: 794
I think everyone is different and will make their decision based on different factors.

Some sellers will do FSBO with nothing but a sign from Home Depot and a newspaper ad.
Some will do FSBO with a well-known local website.
Some will do FSBO with a well-known national website.
Some will sell to a cash investor.
Some will sell to a take-over-payments investor.
Some will list with a realtor they know.
Some will list with a realtor their friend's know.
Some will list with a realtor who appears to be the neighborhood expert.
Some will list with the realtor who seems to have the most listings.
Some will list with the realtor they think is the most physically appealing.
Some will list with the realtor who's the friendliest.
Some will list with the realtor who makes them laugh.
And on and on and on.

The most important thing I've learned is that there are some people who will do business with me and there are some who won't. No matter what I do the people who won't, just won't. But the people who will, will keep me busy enough not to care about those who won't.

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#181145 - 11/12/07 09:36 PM Re: Personal Marketing -- Is it Ignored or DEAD? [Re: RealDealer]
estatereal Offline
Major Contributor

Registered: 01/27/07
Posts: 2779
Loc: LAND OF THE FREE!
i like the seller who picks an agent who has no listings because they think they will get more attention than if they go with a pro who sells many houses at once.

Ben Franklin said..."If you want something done ask a busy person."

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#181185 - 11/13/07 06:24 AM Re: Personal Marketing -- Is it Ignored or DEAD? [Re: estatereal]
Merkaba Offline
Veteran Member

Registered: 03/20/07
Posts: 1090
Loc: South Carolina
I think the DISC profile really helps explain alot as well, especially if you've had it explained to you by someone who has it mastered.
_________________________
Realtor Extraordinaire, ABR, E-Pro

Keller Williams Realty
Upstate South Carolina

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#181987 - 11/16/07 09:09 PM Re: Personal Marketing -- Is it Ignored or DEAD? [Re: Merkaba]
staggart Offline
Veteran Member

Registered: 09/18/04
Posts: 930
Loc: Idaho Falls, ID, USA
Reggie,

I think it would be informative if you expounded on what a DISC profile is and how it can be applied to real estate.
_________________________
Steve Taggart
Broker
CENTURY 21 Advantage
Southeast Idaho's Real Estate Leader(sm)
The GOLD Standard(sm)
400 W. Sunnyside Road
Idaho Falls, ID 83402
(208) 524-2121
http://www.IFhomes.com
http://www.IFreschool.com
staggart@ida.net

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