February
Marketing Tips
Custom House Publishers
knows when the market cools, or slows, it is important for real
estate professionals to utilize their marketing strategies. During
this time, real estate agents tend to cut back on their marketing
because there is little business to capture. Instead of cutting
back, real estate agents should focus more on marketing during a
slow market.
There are a couple of reasons why marketing
is so important. The experience and knowledge of the marketing Realtors
provide is important when the market is slow because it can be challenging
for people to sell their homes when the demand is low.
Andy Clark of The Clark Team (Keller Williams,
Corona, CA) says that his team has experienced small market cool
downs over the past several years and knows the importance of marketing.
“We have found that marketing is not where you should be cutting
back. Your cuts should be in the fixed expenses, not the sources
that generate business for you. When markets cool, our jobs as Realtors©
become increasingly important. Houses will not sell themselves and
Realtors© will have more value with the services they provide.
It is important that we let the selling public know that, and we
will do that through our marketing.”
Another reason to market yourself in a slow
market is to sow the seeds of success for when the market heats
up in the spring. Doug de los Angeles (Keller Williams, Everett,
WA) understands how important marketing is for his team. “We
look at these slow times in real estate as a perfect opportunity
to really ramp up our marketing. Winter here in the Northwest is
dark and dreary, and people are waiting for spring to arrive to
put their homes on the market. Meanwhile, we are bombarding them
with our marketing material during this slow season so that when
the time comes to call a Realtor and list, we are the ones they
think of first! Other agents who wait until spring to start heavy
marketing have already ‘missed the boat.’ We take advantage
of this slow time and see it as opportunity!”
Student of the Month
Have one of your advertisers sponsor a student of the month, making
your
paper the talk of your area. Have a school in your farm choose the
student. The principal can write a quick note about why that student
is worthy. You can set guidelines or not. Schools will be willing
to self-promote their excellence in education. If done correctly,
you can offer an incentive for the student of the month. Print the
application in your paper and tell the school to have their students
look for it in their mailboxes. The bigger the reward, the more
willing parents will be to look for your paper.
Sponsors: Have your local bank, mortgage company,
insurance company, cell phone company, etc., sponsor one school’s
student each month. Most companies will be interested in linking
their name to education. Have sponsors put your papers in their
branch offices.
Savings bonds as an incentive add credibility, without
costing too much money. You don’t need to publicize the amount
of the bond. A $50 EE Series Bond, for instance, will cost you $25.
For details, go to http://www.publicdebt.treas.gov/ols/olshome.htm.
Your farm will be looking for your paper if they
know a local student’s picture will be there. If you publicize
the selection process by taking treats for the entire classroom
of the selected student, your paper will be talked about to parents
of all of the students. Make sure to pass out copies to that selected
student’s class for them to take home.
Alternatives awards include Teacher of the Month,
School of the Month and Charity of the Month.
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