Real Estate News and Advice
September 5, 2008
Learn the Art of the Short Sale


Search Realty Times
 





Today's Insider REALTOR Secret



Study Online, but Never Alone









NEED HELP?

Click for Live Support


Call: 214-353-6980






Study Online, but Never Alone

Marketing Is Not The Same Thing As Branding

Often, when I speak to agents about branding, they tell me that they already brand themselves. Inevitably when I ask them to describe for me what their branding activities are, they respond by telling me about direct mail campaigns and farm area newsletters, their pictures on shopping carts or movie theater screens.

These are all valid marketing techniques, but they are not branding. Branding is the process of creating the perception in the minds of the public, that you are the best agent for the job. It's like that saying… "People don't care what you know until they know you care." Why you? Why should they care?

This is a hard concept to grasp. It's very easy to fall back on what we know and, as real estate agents what do we know better, than paying too much for classified ads every week? Sometimes, I find it easier to explain the concept of branding by defining what branding is not.

Marketing is not branding.

These two concepts are easily and often confused, but they are not the same. Sending out direct mail and placing ads in the newspaper, or, on shopping carts and park benches, are all examples of marketing. Marketing is about a quick response. You are sending out direct mail or placing a classified ad because you want people to act on your product, i.e., the home or service you are selling.

Branding, by contrast, is a slow process, designed to pre-sell you to your customers. Unlike marketing, branding is not about making a quick sale or completing a transaction, It's about building your image over time. Think about consumer brands like Coca Cola or Nike, you can probably tell me the slogan or brand for both. Coca Cola is of course, "The Real Thing," and Nike's slogan is "Just do it." The image of those companies is their brand. Something about their brand speaks to their target market. They used their brand to build a loyal customer base. You could never see another Coca Cola commercial again, but you'll probably remember what their logo and slogan are.

That is branding.

As a real estate agent your goal should be similar. If you never place another classified ad, or send another piece of direct mail, you want to create a brand that people remember. Like Coca Cola and Nike, you want to create brand loyalty. But as an agent, you are essentially selling yourself. So what is about you that you want people to remember?

Brand loyalty is about emotion. It's about solving people's problems, it's about doing something better, and different than everyone else in your marketplace. So, again I ask, why you? Why should someone choose you? The answer is your brand.

Your numbers are not your brand.

When I open up my Sunday newspaper, I count no less than six agents proclaiming themselves to be the number one agent in my marketplace. I congratulate each and every one of them, but that is not branding. It tells consumers nothing about who they are, or what services they provide. Branding is all about perception. What perception do you think it creates when five other agents are claiming to be the number one agent? We all know that one could be the number one agent in their office, the other could be number one in listings, etc., but these numbers mean nothing to consumers.

What resonates with consumers is emotion. Think about how you shop and the choices you make. We are drawn to products and people who fulfill a perceived need. If I'm selling my condo and I have the choice between Sally Smith, "Number One Agent in Anytown" or, John Jones, "Specialist in Condo Sales," I'm calling John. I need to sell my condo, John specializes in selling condos. His brand tells me who he is and what he does. Sally could be number one yet, have never sold a condo. Or even, John Jones, "Most Trustworthy Agent in Anytown," I'd still pick John. I know what to expect with John, he has pre-sold me. Sally could be number one but dishonest, and not trustworthy. John is, or at least he has created the perception, in my mind that he is trustworthy. And, as we all know, perception is reality.

So, again I ask, "why you?" Why should your customers choose you? The first (and hardest) step in building a successful brand is answering that question.

Published: March 1, 2005

Use of this article without permission is a violation of federal copyright laws.




Blanche Evans is the award-winning senior editor of Realty Times, the Internet's leading independent real estate news service. She is featured daily on the Realty Times Video Network in the "Realty Viewpoint" segment.

Blanche has been named one of the "25 Most Influential People In Real Estate" by REALTOR Magazine, and has been twice recognized as a "notable." In 2005, she was named "Top Reporter Covering the NAR" by Delahaye-Bacon's.

Blanche is a renowned author of five real estate books. Her newest, Bubbles, Booms and Busts: Make Money In Any Real Estate Market, McGraw-Hill, was rave-reviewed by The New York Times. She was also selected from hundreds of real estate experts to contribute to Donald Trump's book, Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies, Rutledge Hill Press, and is featured on page 68.


Order Now
Review - Honors

In 2006, Blanche was selected among scores of candidates to author two consumer real estate guidebooks for the National Association of Realtors: The NAR Guide to Home Buying, and The NAR Guide to Home Selling, Wiley & Sons. She is currently planning two new books for the NAR and its members.

     

Known for her keen insight into real estate industry issues and for her ability to make complex subjects easy to understand, Blanche is a sought-after keynote and continuing education speaker. Real estate organizations from MLSs, to brokerages, to franchisors, to associations hire her to provide up-to-the-minute analysis of real estate industry news and advice on how to improve revenues. Her passionate delivery, peppered with stinging wit, is a huge hit with audiences and fans.


Don Klein, CEO Greater Nashville Association of Realtors, Blanche Evans, Richard Courtney, president 2007, GRAR

"The GNAR membership meeting last week featured Blanche Evans as the keynote speaker. Her comments and insights resonated extremely well with those in attendance and we have had many requests for copies of her PowerPoint Presentation. She was a terrific part of the membership meeting and convention program!" - Don Klein, CEO Greater Nashville Association of Realtors

Coverage from WSMV, Nashville - 8-14-2007

That Interview Guy - Get Inside The Head Of Today's Generation
2007 AE Institute Session - To purchase
2006 AE Institute Session - Parts 1 2 3 4 5 6 7 8 9
HouseValues Mastermind call - Parts 1 2

Blanche's fireside chat with Jeremy Conaway, HAR - Click here.

To contact Blanche, email her at .

For more articles by Blanche, click here.







Real Estate News Network

You must enable Javascript to view the Video content and Navigation on this site.






Spotlight

Learn the Art of the Short Sale

Today's Headlines

Exclusive Leads In Your Market



Expert tools. First-hand knowledge.



Agent Publicity | Market Conditions Interview | Local Market Conditions | Video Newsletter | Article Index | Terms & Conditions | Privacy | Contact Us

Copyright © 2005 Realty Times®. All Rights Reserved.