| August 12, 2005 |
Old Rule: A picture is worth a thousand words. Real estate professionals weathered more changes and challenges in the years between 1990 and 2005 than in any previous fifteen-year period. Paradoxically, the one constant in our industry during that time was change, and change continues to charge over the hill. At the heart of this tectonic challenge were newer and better ways to manage your marketing -- both offline and online -- increase production, and deliver better service, all with the promise of earning higher profits. In the market of yesteryear we would prospect for sellers, believing in the maxim, "Control the listings and you control the market." Now top producers understand, "You keep your edge competitive by converting more buyer and seller prospects into signed contracts." New Trends The emergence of the Internet as a marketing tool became a new trick the old dogs had to master to survive while the impact of buyer representation in the 1990s shook up the status quo. Today, successful eRainmakers have crafted a more balanced marketing strategy designed to attract both buyers and sellers. Here are six new trends, tools and services top producers practice today:
New Tools Above all, the Internet is the most important marketing tool to join the marketing mix since television entered the nation's living rooms in the 1950s. Yet the secret to greater success in real estate marketing today lies in blending the innovative Internet tools with the time-tested offline techniques to increase your production and your profits.
New Services The good news is that no matter how many trends and tools there are to help build and maintain a trophy database, the real estate professional is still central to every transaction. Person-to-person, face-to-face, there is nothing that can take the place of a professional's local knowledge and negotiating skills.
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