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Luxury Real Estate Marketing Tips

Marketing Luxury Real Estate: The Drone Syndrome

When adapting new technology in luxury real estate to your website, it is a good idea to consider the end-user.  There is no doubt that drone photography is impressive and the effects that can be created are comparable to films made for I-Max. However, will your buyer or seller want to see the effects every time they visit your site?

In viewing a real estate site with a home page that had beautiful drone videos, one of our friends remarked that he would need a Dramamine to continue viewing the site.  He would not go back to that site.

Will using drone photography in a listing video be the deciding feature that will win you the listing?   Who needs to be impressed, the buyer or the seller?

There is no doubt that the aerial view of a large estate, a ranch, or a waterfront property is impressive.  How often, does a buyer make a decision to buy a home based on aerial views?  How important is it to the seller to have his/her home photographed in this manner?  Do the sellers get bragging rights when talking to their friends, that their agent used a drone?

If you are going to use drone photography hire a professional, and make sure it is legal in your area.  However, do not get caught up in the drone syndrome just to appease sellers, and pass the Dramamine!

Written by Ron & Alexandra Seigel-

ABOUT:  Napa Consultants, International is the leader in brand strategy for the luxury real estate industry.  They work exclusively with professionals who are passionate about gaining or sustaining market leadership. With an expertise in personal branding, company branding, luxury real estate website design and social media marketing they help their clients become the breakaway brand in their marketplace.

The Luxury of Empathy & Compassion

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More often than not, when you a sell a home, it represents a life-changing event for the buyer and the seller.  It could be a death in the family, or relocation due to a career change, or a divorce, or perhaps a downsizing of empty nesters. Changes bring out heightened emotions. For this reason, as a luxury real estate marketing professional, being empathetic and compassionate when dealing with your clients can set you apart from the pact and make you feel good at the same time.

In a world that is so closely connected it is more important now than ever to practice empathy and compassion. One place that you can start practicing is within a cyber community or an online professional network. In particular, stay clear of snarky comments on blog posts, as they are the precursors of cyber-bullying. And, bullying affects us all! 

Even those who insist on being snarky need empathy and compassion. At the source of all snarky remarks is a soul in pain.  They do not need you to add fuel to their fire.  Their remarks, like traps, seek your agreement and intend to ensnare you.  If they succeed in luring you in you inevitably become co-conspirators in a deadly game that results in a dwindling spiral of low self-esteem.

Monica Lewinsky lived in our LA zip code when the tsunami of public shunning and chastisement pummeled her nearly to death (by suicide). During this time, we actually sat next to her in our favorite breakfast spot where we remember feeling her pain.

Sure she made a mistake. She fell in love with her boss who happened to be the President of the United States. But, the source of the bombardment of criticism was not just from her local community as it would have been decades before.  It flooded in from all corners of the earth and not just from broadcast media, i.e., from TV, newspaper or radio commentators profiting (through advertisement) or comedians looking for laughs to fortify their fame.  It also came thundering in from bloggers and ordinary snarky people, who were complete strangers, commenting on the Internet.

Talk about being branded, personally! Yet, through all this we are happy to say that Monica Lewinsky absolutely triumphed over her adversity.  This post was actually inspired by her 2015 Ted Talk called, “The Price of Shame” (which we highly recommend) where she speaks out against cyber-bullying. 

Monica stated that she would never have survived such an ordeal had it not been for the support of family, friends and some professional help. But, the most poignant moment of her talk was saying that it was the empathy and compassion of complete strangers that finally got her through.

We encourage you to join us in practicing empathy and compassion at every possible opportunity.  Let's use the same media to spread the good word about the "new" Monica and also this very important topic, because cyber-bullying affects us all. It is a luxury for you because it makes you feel good and these are qualities that exemplify the best in the business of marketing luxury real estate. 

Written by Ron & Alexandra Seigel-

ABOUT:  Napa Consultants, International is the leader in brand strategy for the luxury real estate industry.  They work exclusively with professionals who are passionate about gaining or sustaining market leadership. With an expertise in personal branding, company branding, luxury real estate website design and social media marketing they help their clients become the breakaway brand in their marketplace.

Luxury Is In The Details

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We are in the process of creating the visual and graphic representation of the brand for two of our clients.  Every detail is important because it has to reflect what the brand stands for. To pass the test, every color hue, every font, every line, every photo has to be congruent with the brand identity that we previously articulated in words. It is in these details that you achieve the look of luxury.

Yesterday, we had lunch at the Honor Bar in Montecito.   As we walked back to our parking space, we noticed that the yellow trumpet flowers matched the umbrellas of their outdoor eating area. How brilliant is that?  That simple touch is vital.  It screams luxury!

"It’s the little details that are vital.  Little things make big things happen."  John Wooden

Written by Ron & Alexandra Seigel-

ABOUT:  Napa Consultants, International is the leader in brand strategy for the luxury real estate industry.  They work exclusively with professionals who are passionate about gaining or sustaining market leadership. With an expertise in personal branding, company branding, luxury real estate website design and social media marketing they help their clients become the breakaway brand in their marketplace.

How To Best Your Competition

A recent report by the Luxury Institute reported that 75 percent of wealthy customers across every generation (boomer, generation X and millennial) expect superior customer service from salespeople. How do they define superior service? 

In the report, knowledge, professionalism, and politeness were cited as the top qualities.  The millennial generation in particular expects sales professionals to know more than they do, since they are known to do their research prior to buying.

There are some important implications here for luxury real estate marketing. For example, in terms of knowledge, you need to know the different finishes that go into building a luxury home.  One of our clients won a listing because he could identify the mahogany hardwood throughout the home.  Another client knew the difference between marble and travertine, and could recite all the latest and greatest high-end kitchen appliances.  He knew what was in and what was out.  

Professionalism often equates to the attention to detail in marketing materials, messaging, and personal presentation.  Everything is congruent within their branding. Every detail is important, right down to their branded napkins and coasters.  These standards remain the cornerstones of professionalism for their brand identity.

Politeness is a form of expressing kindness. It is not an act reserved for the affluent, it is something one owns and practices. A polite person thanks everyone regardless of his or her status in life.  Politeness includes responding to communication promptly.  It is having a thorough grounding in manners, and protocol.  A genuinely polite person would treat everyone royally.

A friend of ours wanted to purchase a gold watch.  She did her research by going into every store in Beverly Hills to find the best watch.  Some salespeople viewed her with great disdain.  One in particular greeted her with genuine politeness, kindness and spent time to educate her on the fine points.  At the time, she could not afford a watch.  Three years later, she bought her dream watch from the individual who had taken the time to educate her.  She became loyal to this particular salesperson whenever she shopped at that store.

You can best your competition by constantly upgrading your knowledge, maintaining the highest professional standards and practicing politeness. We encourage you to study the language of luxury. Get fluent. Get Affluent!

Written by Ron & Alexandra Seigel-

ABOUT:  Napa Consultants, International is the leader in brand strategy for the luxury real estate industry.  They work exclusively with professionals who are passionate about gaining or sustaining market leadership. With an expertise in personal branding, company branding, luxury real estate website design and social media marketing they help their clients become the breakaway brand in their marketplace.

How Local Amenities Accelerate Home Buying Decisions – PART 1

Luxury real estate marketing professionals often underestimate the powerful part local amenities can play in the emotional buying decisions of high net worth consumers.  Buyers make mental maps of the location of amenities that are in proximity to the home they are considering. Then, there is certain point when the amenities start adding up and tip the scale, which accelerates the buying decision.

In this article series we will point out some of the non-obvious amenities that can clinch a sale.  You will be surprised how simple the amenities can be.

We were delighted to discover that the Los Angeles based Hillstone Restaurant Group just opened one of their concept restaurants here in Santa Barbara called The Honor Bar. One item on the menu is so good, that we plan on dining here just about once per week.  It is Ding’s Crispy Chicken Sandwich with Baby Swiss cheese, sliced tomato & vinaigrette slaw on a homemade sesame seed bun that looks enormous, but is light as air.   The textures and spices compel you to stop whatever you are doing, close your eyes and just savor this simple yet layered culinary experience. And, it is plenty for two people to share.

Given that Los Angeles is the primary feeder market (no pun intended) for Santa Barbara homebuyers, The Honor Bar represents a sure bet for comfort food with the same polished level of service that they have come to expect from Hillstone’s LA restaurants (Houston’s, Bandera’s, Gulf Stream and R&D Bar). 

Can you imagine that a great sandwich could become an emotional reason to buy a home?  We are not saying that these amenities are the major emotional reasons to buy, just the ones that can tip the scale if there is indecision.

As a luxury real estate marketing professional you need to know all about these amenities and point them out to your buyers. What are some of the scale-tipping amenities in your marketplace?  Stay tuned for more on this topic! 

Written by Ron & Alexandra Seigel-

ABOUT:  Napa Consultants, International is the leader in brand strategy for the luxury real estate industry.  They work exclusively with professionals who are passionate about gaining or sustaining market leadership. With an expertise in personal branding, company branding, luxury real estate website design and social media marketing they help their clients become the breakaway brand in their marketplace.

The Social Media "Nextdoor"

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As a luxury real estate marketing professional, we recommend that you keep an eye on Nextdoor, an emerging niche player in the social media space aimed at small neighborhood-size communities. The focus is on sharing recommendations for local services and selling things (a la Craig’s list). They are one of the latest companies to join the billion-dollar valuation startup club.

According to the New York Times, “Nextdoor’s philosophy is that a recommendation from someone in your community carries more weight than, say, a Yelp review from someone you may not know on the Internet, or an algorithmically determined Google advertisement”.

The big players will not be able to compete as effectively as Nextdoor at recommendations for local services like dog walkers, local tutors, a handyman, or housecleaning services, provided they are able to scale up successfully. If Nextdoors succeeds we predict that community recommendations for real estate agents could be a very significant source of leads. 

Keep in mind that, to join the community, you have to validate that you actually live in the neighborhood. If they get the real estate component right, Nextdoor could eventually provide an excellent marketing strategy for luxury real estate agents.

The key questions is whether or not Nextdoor can build the same kind of trust factor that is emerging in the Active Rain community. So far, they are taking their time to do just that.  This has the potential to give Google and Facebook a run for their money when it comes to local advertising.  The convergence of local (commerce) and social is the holy grail of social media.

What to you think?

Written by Ron & Alexandra Seigel-

ABOUT:  Napa Consultants, International is the leader in brand strategy for the luxury real estate industry.  They work exclusively with professionals who are passionate about gaining or sustaining market leadership. With an expertise in personal branding, company branding, luxury real estate website design and social media marketing they help their clients become the breakaway brand in their marketplace.

Luxury Real Estate Marketing Tip: Is Your Voicemail Fresh or Stale?

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Some of the best luxury real estate marketing ideas can be the simplest ones. We recently had the pleasure of speaking with a member of the Language of Luxury community, Sally Uhlmann of Platinum Properties, who shared a simple, yet brilliant, zero-cost marketing tip that has helped to make her the market leader in Bozeman, Montana luxury real estate.  Sally was kind enough to let us share this with you.  

When was the last time you refreshed your cell phone voicemail message? Do you have a generic voice message or is it in your own voice? Does your message say the same boring things that almost every real estate agent voicemail message conveys? If so, you are missing a tremendous opportunity to make a great first impression or re-enforce your personal brand in the minds of your current referral base.  

Sally changes her voicemail message every two weeks! She believes that in a 30 second message you have the opportunity to identify your unique style, your distinct brand of doing business in a very personal way.  

Every holiday is an opportunity to spread good will with a fresh message. Sally’s Valentines message was quite endearing. She advises that you should never get stale or predictable.  Even her long-term friends and family look forward to hearing her latest installment, if they cannot reach her on the spot.

Keep your personal brand fresh in the minds of your target market and referral sources. Refresh your voicemail message regularly.

Written by Ron & Alexandra Seigel-

ABOUT:  Napa Consultants, International is the leader in brand strategy for the luxury real estate industry.  They work exclusively with professionals who are passionate about gaining or sustaining market leadership. With an expertise in personal branding, company branding, luxury real estate website design and social media marketing they help their clients become the breakaway brand in their marketplace.

Money Talks Or Ride The Horse in the Direction It Is Going!

The prime directive in marketing is anticipating what is needed and wanted.  This requires the ability to observe and predict trends. As a friend of ours used to say “ride the horse in the direction it is going”.  When you have identified that direction and position your product or service accordingly, your target market will respond. Money talks! 

Anticipation of needs is one of the most important subjects to research, if you want to achieve top-of-mind status in your luxury real estate marketing practice.  We work with and have interviewed many of the top-producing agents in the US.  The primary reason for their success is anticipating their clients’ needs and wants.

Here is an example of this principle in the food industry. There has been an increased demand for non-GMO foods (Genetically Modified Organism) due to health and environmental concerns.  The DNA in Genetically Modified Seeds has been altered to include new traits from foreign organisms to withstand pests.  This results in higher yields but often requires the use of synthetic pesticides that can be hurtful to the environment.

Large companies, such as General Mills and Post, are jumping on the non-GMO bandwagon by removing genetically modified ingredients from some of its products such as Original Cheerios. In the US non-GMO product sales increased to 15%, and is among the fastest growing segment of the food market according to Nielsen.  According to WSJ, Asians are willing to pay a 14% premium per bushel for non-GMO soybeans. Money talks!

Before you spend your dollars on the latest and greatest marketing methodologies (like drone photography), take a step back, observe the trends and ask yourself what direction the “horse” in your marketplace is going.  You may be surprised to find out that what is missing in your equation may be the marketing fundamentals, such as the personal touch, that luxury real estate buyers and sellers are craving.  Then, listen to the money talk!

Written by Ron & Alexandra Seigel-

ABOUT:  Napa Consultants, International is the leader in brand strategy for the luxury real estate industry.  They work exclusively with professionals who are passionate about gaining or sustaining market leadership. With an expertise in personal branding, company branding, luxury real estate website design and social media marketing they help their clients become the breakaway brand in their marketplace.

Marketing And The Super Bowl 2015: And The Winner Is…

After reading several analyses of the commercials including the Wall Street Journal’s CMO today, we decided to ask the locals for their opinions.  The locals agreed with the experts. They found that to many of the ads were serious, depressing and grim, and the response in social media barometers: like Twitter and Facebook was down 57% versus last year. This is not what people getting together for beers, booze, food and fun are expecting to view on their Sunday off.

The grimmest one was Nationwide’s insurance ad called “Make Safe Happen”. This commercial showed young children revisiting their goals and aspirations that they will never fulfill because they died as a result of a home accident. 

In the same depressing tone was the saga of a devoted father’s experiences with his daughter from childhood to adulthood, and in the final scene he takes her to the airport teary-eyed as she is bound for military service.  The ad was for Chevrolet.  We did not understand, what the Chevrolet had to do with the commercial. 

On a lighter note, BMW premiered its Hybrid car with a conversation featuring Katie Couric and Bryant Gumbel stumped by the Internet and now stumped by the hybrid car!  Sadly, in our opinion, it wasn’t credible that these two news icons would not be aware of or comprehend progress given that Prius and several other hybrids have been out for years!

And once again, Clydesdales and a lost puppy win the #1 spot in Best Buds!  It is no surprise that this happened, it was light heartwarming add.  Budweiser understands that on days off and party time, we want laughter and happy endings! Save the depression, and grim stories for another day, this was a party day!

Written by Ron & Alexandra Seigel-

ABOUT:  Napa Consultants, International is the leader in brand strategy for the luxury real estate industry.  They work exclusively with professionals who are passionate about gaining or sustaining market leadership. With an expertise in personal branding, company branding, luxury real estate website design and social media marketing they help their clients become the breakaway brand in their marketplace.

Is Your Website Mobile-Friendly?

 

According to NAR statistics 58% of real estate searches are now conducted on mobile devices and 74% of agent websites are not mobile-friendly. Is your website mobile-friendly?

The screen sizes for desktops, laptops, tablets and smartphones all have different dimensions. Plus, most mobile devices have two orientations, portrait and landscape, which adds to the challenge in designing a mobile-friendly site.

Squarespace, a major website platform that will be advertising for the first time during the Super Bowl approached this by engineering their templates so they automatically adjust to various screen sizes. This is called responsive design.  The trouble is you may not like the results of how your site looks on one device or another.

If your website is built on WordPress, there is a plug-in that can help some sites become more mobile-friendly.  But, it you do not design the site from scratch with all devices in mind, the results will vary tremendously.  

Most IDX companies have worked this out for the property search section of your site.  But, the rest of your pages better look great on various devices or the web visitor will click away to your competition and never get to the property search section of your site.

When we design agent websites for our clients, who are predominantly luxury real estate marketing professionals, we actually build five different versions to insure a great presentation on each size screen.  In fact we developed our own proprietary IDX, just for top tier properties. As a result we are able to display all $1m+ listings in our clients’ marketplaces at the same level as their own (featured) listings, with maximum width slideshows. Our system includes the most sophisticated map search for luxury homes in the business. Map searches are becoming a top priority for mobile users.

Is your website mobile-friendly?

Written by Ron & Alexandra Seigel-

ABOUT:  Napa Consultants, International is the leader in brand strategy for the luxury real estate industry.  They work exclusively with professionals who are passionate about gaining or sustaining market leadership. With an expertise in personal branding, company branding, luxury real estate website design and social media marketing they help their clients become the breakaway brand in their marketplace.

Marketing Luxury Real Estate Tip: Play By The Rules To Win The Game!

For those of you who have embarked upon, what we call  “the unabashed pursuit of market leadership”, this luxury real estate marketing tip is for you! Do not forget that the quest for market leadership is a game!  

It is very easy to lose sight of the fact that business is not only a game, but also a game you can win if you know the rules.  One of the most important rules is to pick a niche that you can dominate, given your unique skillset, personality and values.  Our advice to our clients in our luxury real estate strategic branding practice is, if you cannot be #1 or #2 within a niche, find another niche!

Microsoft dominates the niche of enterprise level business productivity software by a vast margin.  As of the 2014 Holiday season, it now is #1 in digital gaming, with its Xbox, surpassing Sony PlayStation 4. In fact, Microsoft announced that it has surpassed both PlayStation3 and Nintendo Wii with total lifetime sales.

But, what was Microsoft thinking when it introduced its Surface tablet ($900 Million in sales in 2014) to compete with the iPad ($5.3 Billion in 2014)?  Years earlier they came out with the Zune to compete with the iPod.  Certainly, they did not apply the rule of entering a niche category where they could be #1 or #2.  

The Surface is not even on the radar in market share for 2014. Here is the leader board:

Apple: 26.9%

Samsung: 17.2%

Lenovo: 4.9%

Asus: 4.6%

Acer: 2%

Can you see why it is so important to play by the rule of only pursuing the #1 or #2 position? Apple and Samsung together have the lion’s share of the market and the others have to settle for the crumbs. 

In the pursuit of market leadership in the realm of luxury real estate selecting the right niche for you is of paramount importance. Remember, it is only a game. But, you must play by the rules if you want to win.

Written by Ron & Alexandra Seigel-

 ABOUT:  Napa Consultants, International is the leader in brand strategy for the luxury real estate industry.  They work exclusively with professionals who are passionate about gaining or sustaining market leadership. With an expertise in personal branding, company branding, luxury real estate website design and social media marketing they help their clients become the breakaway brand in their marketplace.

Luxury Real Estate Marketing: Buzz and Ants!

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Word-of-mouth is, by far, your best form of advertising.  But, very few luxury real estate marketing professionals seize the opportunity to spark word-of-mouth advertising (buzz) ON PURPOSE

If you want to accelerate the pace at which you achieve top-of-mind status in your marketplace, or within your niche, the art of deliberately triggering buzz should definitely become part of your skillset.  If you can leverage social media channels such as You Tube or Twitter you could score a grand slam in publicity!

During the Holidays Disney released a trailer for its upcoming feature film, Ant-Man.  The screen size was tiny, so you could not actually view the trailer.  But, it said that the “human” size trailer could be viewed if you watch Agent Carter, the new ABC TV series starting on January 6th.  The clever trailer went “viral” with over 2 millions views on You Tube.  Both Ant-Man and Agent Carter are based on Marvel characters, a company owned by Disney.  Ant-Man premieres in July.

To capitalize on the buzz, Disney released a teaser of the full-length human sized trailer.  Huffington Post for one wrote an article on this and featured the teaser.

How can you leverage buzz to spark word-of-mouth advertising for your luxury real estate marketing practice, on purpose?

Written by Ron & Alexandra Seigel-

 ABOUT:  Napa Consultants, International is the leader in brand strategy for the luxury real estate industry.  They work exclusively with professionals who are passionate about gaining or sustaining market leadership. With an expertise in personal branding, company branding, luxury real estate website design and social media marketing they help their clients become the breakaway brand in their marketplace.

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Buzz-Worthy Luxury Real Estate Websites 

Personal Branding Case Studies Company Branding Case Studies 

About Language of Luxury

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Do You Have A Remarkable Slogan? Part 2

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A great slogan artfully articulates your extraordinary promise of value with brevity of communication. The trick is to create a clever slogan that instantly sticks in the mind of your target market and triggers word-of-mouth advertising.  

InPart 1 of this article series we challenged you to identify the business category of this 3-word slogan:

FINDER OF KEEPERS

This is one of the advertising slogans for the market-leading matchmaking firm in North America, Selective Search. Their tag line, which consistently accompanies their logo, is, “Executive Search Meets Personal Matchmaking”. In just 5 words they communicate their unique value proposition here as well. 

“Meet Your Future” (just 3 words) is the name of their proprietary process for helping their clients find true love. Selective Search claims to have the highest success rate in the matchmaking industry. 

Most real estate professionals do not realize that it is not just your immediate sphere of influence that encompasses your referral base. ANYONE in your marketplace who may know a buyer or seller currently in the market can become a referral source!  Here we are, a happily married husband and wife business team, spreading the word about a matchmaking service just because their slogan is remarkable.

Can you see how empowering all of your potential referral sources with a remarkable slogan that communicates your extraordinary promise of value can help you or your company gain or sustain market leadership?  We hope we made our point in fewer than 250 words.

Written by Ron & Alexandra Seigel-

 ABOUT:  Napa Consultants, International is the leader in brand strategy for the luxury real estate industry.  They work exclusively with professionals who are passionate about gaining or sustaining market leadership. With an expertise in personal branding, company branding, luxury real estate website design and social media marketing they help their clients become the breakaway brand in their marketplace. 

-WATCH VIDEOS-

Buzz-Worthy Luxury Real Estate Websites 

Personal Branding Case Studies Company Branding Case Studies 

About Language of Luxury

GET FLUENT. GET AFFLUENT! - JOIN THE LOL COMMUNITY

Luxury Real Estate Kismet Marketing: Are You Aligned With The Stars?

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You may have heard of the “star-crossed” lovers, Romeo and Juliet. You may have experience times when everything seemed to go your way, times when the “stars aligned”.  Some call it kismet; others call it luck or joss. But, in our opinion the stars cross and align ALL the time. The big question to ask yourself as a luxury real estate marketing professional is this: “Are YOU aligned with the stars?”

Evidence of alignment or misalignment “out-there” is merely a reflection of alignment or discord within caused by self-doubts.  A perfect example of alignment within is when you are doing what you love in your career. That is when the frequency of external alignment accelerates, when positive coincidences become commonplace. Real Estate transactions fall into place more easily. People refer business to you “out of the blue”. Agents decide to jump ship and join your company without having to recruit them. 

We are constantly on the lookout for evidence out there of personal alignment within.  Recently, we brought a new kitten into our family. We named him Quincy and nicknamed him, “The Mighty Quinn” after the song that Bob Dylan wrote. On a trip to Los Angeles from Santa Barbara on Highway 101, we happened to glance at a truck that pulled up along side of us.  The logo on the truck was for an equipment company called, Quinn Cat. 

It is always astounding when evidence of internal alignment appears with this level of specificity. At those moments it becomes undeniable that there is a reciprocal relationship between your state of mind and the circumstances and events you experience.

Your success in your luxury real estate marketing practice is proportionate to the degree of alignment or misalignment within you.  That is why it is imperative, for those of you who seek to gain or sustain market leadership, to consistently put aside self-doubts and keep reaching for the stars!

-WATCH VIDEOS-

Buzz-Worthy Luxury Real Estate Websites 

Personal Branding Case Studies Company Branding Case Studies 

About Language of Luxury

GET FLUENT. GET AFFLUENT! - JOIN THE LOL COMMUNITY

Marketing Luxury Real Estate: No One Size Fits All!

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Photo by Tupungato

Marketing strategies are like clothes no one size fits all.  Smart marketing is bespoke marketing, tailored to fit your marketplace.  To effectively implement this you have to know your target market.  It is a matter of knowing the measurements, so that you can reap maximum rewards for your marketing efforts.

Demographics, the statistical data of a population showing average age, income, and education is not enough.  Understanding the psychographics, the study and classification of people according to their attitudes, aspirations, and other psychological criteria is what will make you successful in your target market. 

In Santa Barbara, Louis Vuitton and Ruth Chris opened stores in a high net worth community.  A year and a half later they both closed their doors.  What both companies had neglected is their study of the psychographics of this particular community.    The values, attitudes and aspiration of the people who live in this community do not align with either of these brands.  If both companies had done their psychographic research, they would have located in another area of Santa Barbara, where they would have thrived and still be here today.

Today’s buyers and sellers expect to be understood in terms of their psychographics, even though they may not be aware of this term.   As a luxury real estate marketing professional, it is important to target your marketing to the exact people you want to do business with.  What works for them may not be a constant stream of postcard marketing, videos, social media, and print marketing.  It may be a combination of all these in various proportions.   If you want to succeed in your marketing you have to remember that no one size fits all.

Written by Ron & Alexandra Seigel-

 ABOUT:  Napa Consultants, International is the leader in brand strategy for the luxury real estate industry.  They work exclusively with professionals who are passionate about gaining or sustaining market leadership. With an expertise in personal branding, company branding, luxury real estate website design and social media marketing they help their clients become the breakaway brand in their marketplace. 

-WATCH VIDEOS-

Buzz-Worthy Luxury Real Estate Websites 

Personal Branding Case Studies Company Branding Case Studies 

About Language of Luxury

GET FLUENT. GET AFFLUENT! - JOIN THE LOL COMMUNITY

Luxury Real Estate Marketing Tip for 2015: Get Hyper Personal!

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Hyper-Personalization is emerging as an important marketing trend in 2015.  It may seem obvious but the level of personalization has eroded with the advent of the Internet.  Most companies have become reliant on automatic personalization, rather than the genuine article. We touched upon this trend in a previous post stating that in marketing real estate, no one size fits all

Studies done by the Aberdeen group; which surveys individuals and groups as to their decisions and experiences have shown that 75% of customers prefer when the message is personalized. 

People will more likely open an email or letter if it is personally addressed, rather than a salutation that reads “dear friend, or dear property owner”.  They are more likely to pay attention and to engage with you, if they feel that personal touch.  It can increase traffic, and conversion from lead to sale on your website.

The first software we bought for our commercial real estate company was for customer relationship management.  We kept detailed profiles of our clients and sphere of influence.  We knew their children and pets’ names, their birthdays, their anniversaries, their hobbies, and their likes and dislikes.  

Our assistant knew when to send birthday cards, anniversary cards, etc.  When the holidays would roll around, we would create a list of individualized gifts for each one of our clients and sphere, which were budget friendly. 

For instance, golfers would get a subscription to a golf magazine.  We like subscriptions, because for 12 months they remember you, and you are top of mind.  One of our friends collects Christmas ornaments and is a foodie.  Last year we found a copper sieve ornament at Williams Sonoma, which pleased him to no end. Rose gardeners would receive the newest bare root rose.   It was always a pleasure to hear how much they loved the new rose, year after year. Our coffee experts were sent an annual subscription to some of the world’s rare coffees, and the same for our tea drinkers.

Our strategy is giving gifts to delight the receiver.   It took more time on our part to find the perfect gift, for each person.  It was time well spent.   We created relationships through personalization that still exist long after we moved.  No one gifts fits all!

How can your hyper-personalize your marketing in 2015?

Written by Ron & Alexandra Seigel-

 ABOUT:  Napa Consultants, International is the leader in brand strategy for the luxury real estate industry.  They work exclusively with professionals who are passionate about gaining or sustaining market leadership. With an expertise in personal branding, company branding, luxury real estate website design and social media marketing they help their clients become the breakaway brand in their marketplace. 

-WATCH VIDEOS-

Buzz-Worthy Luxury Real Estate Websites 

Personal Branding Case Studies Company Branding Case Studies 

About Language of Luxury

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Choosing A Real Estate Agent:“Purple Agents”Or Respectful & Capable?

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Recently we were asked to join a group of “purple agents” (we are substituting the word “purple” for the actual category) real estate agents to advertise on their site.  Positive attributes were enumerated about the added value of purple people and their contributions to society.  We did not join the group. 

One of the conditions of a real estate license is the equal housing opportunity act which clearly delineates that discrimination of any kind is unacceptable. Why would a group of real estate agents and brokers want to band because of their color, gender, et al?  Is it to appeal to others like them?  Would that mean that if you were purple, you would not work with orange sellers and buyers?

Yesterday, we met with friends (purple, green, orange) in Beverly Hills who are savvy in real estate and business. We asked, how they made the choice of selecting a real estate agent.  If they were orange would they go to the orange real estate agent because of a kinship in color, rather than a purple one?

Hiring by category (purple, orange, etc.) was not an option for our friends.  They feel that this was a dumb way of judging people.  One or our friends remarked that when you put yourself in a category, you cut yourself off the rest of the world. Their hiring criteria are: respectful and capable real estate agents, and those exist in every category.

Written by Ron & Alexandra Seigel-

 ABOUT:  Napa Consultants, International is the leader in brand strategy for the luxury real estate industry.  They work exclusively with professionals who are passionate about gaining or sustaining market leadership. With an expertise in personal branding, company branding, luxury real estate website design and social media marketing they help their clients become the breakaway brand in their marketplace. 

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Marketing Luxury Real Estate: Focused Content Marketing !

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A recent report by the Content Marketing Institute stated that those who are marketing without focus, by publishing general content on a daily basis are creating “content shock” for the consumer.  The consumer is overwhelmed by the amount of information, and cannot keep us with it. 

Put yourself in the shoes and the mindset of your target market.  Assess their most pressing needs.  A buyer ready to buy now has numerous questions and very specific requirements.  For example, if the buyer is looking for a home with a pool or even more specifically an infinity pool, you might want to write an article / blog post about infinity pools, and link to specific MLS listings on your website.

Focused content leads to interest, which may lead to a sale for you.  When you are discussing a featured listing, be sure to write about the specific features of that listing.  Be focused, and then stay focused!

Written by Ron & Alexandra Seigel-

 ABOUT:  Napa Consultants, International is the leader in brand strategy for the luxury real estate industry.  They work exclusively with professionals who are passionate about gaining or sustaining market leadership. With an expertise in personal branding, company branding, luxury real estate website design and social media marketing they help their clients become the breakaway brand in their marketplace. 

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Are Sneezers Spreading Your Remark-ability?

We all know that word-of-mouth is the best form of advertising. So, why do some luxury real estate marketing professionals get more than others?  The answer boils down to one word. Those that spark buzz have ‘REMARK-ABILITY”!  

While it has been proven time and again that many more negative remarks are made than positive remarks, it is imperative to understand what triggers people to spread the good word about YOU.  Some people are natural born “sneezers”.  They love to pass along good news or rave reviews about products or services that are remarkable.   Those that broadcast these good vibrations usually reach many people, even their entire sphere of influence, at times. 

Remarkable service sparks buzz.  But, that is only the beginning.  Regularly staying in touch with your prospects and your sphere with information that is valuable and truly buzz-worthy also is fodder for sneezers. 

Keep this in mind: It feels good to spread the word about products and services that you value.  Likeminded people usually hang out together.  So, when one sneezer spreads the word to his or her fellow sneezers a chain reaction is ignited. We call this the chain of gain.

Men hate to shave. Women are not crazy about either. When a breakaway technology comes along that can produce a superior, smoother, closer, effortless shave that is fabulous news. Gillette came out with a truly remarkable razor system called, FUSION® PROGLIDE® MANUAL RAZOR WITH FLEXBALLTECHNOLOGY.  The cartridge has 5 blades stacked closely together and the mechanics of the razor itself flexes to the contours of your face.  It actually glides. That is remarkable!

And, that is sneezing.  We are delighted to spread the word about remarkable products and services. Sneezers do not need to be bribed or otherwise induced to do this. It is part of being in on the fun as early adopters of new technologies and also discovering great talent or services. 

Deliver remarkable service.  Pass along remarkable information. And, you will gain remark-ability!

 Written by Ron & Alexandra Seigel-

 ABOUT:  Napa Consultants, International is the leader in brand strategy for the luxury real estate industry.  They work exclusively with professionals who are passionate about gaining or sustaining market leadership. With an expertise in personal branding, company branding, luxury real estate website design and social media marketing they help their clients become the breakaway brand in their marketplace. 

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Luxury Real Estate Marketing Tip: Peripheral Chocolate Marketing!

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Consistently staying in touch with your sphere of influence through a blog and/or a newsletter can reap a steady flow of referrals from those who already know you and also engage your prospects.   But, what is the secret that the most successful luxury real estate marketing professionals know about this important practice, that you may be missing?  The answer is Peripheral Marketing!  That is, sharing information that is fascinating and not just related to real estate.

Some of these people will occasionally be interested in market trends or what the home sold for on their street. However, if you constantly bombard them with real estate related information they will simply tune you out. They may eventually unsubscribe from your blog or newsletters.  Sustaining their interest in your regular communications is what peripheral marketing is all about.

An agent on the East Coast turned her passion for chocolate into a goldmine of referrals by blogging about a topic that is near and dear to the hearts and stomachs of so many of us. She reports on every type of chocolate and explains the evolution from beans to chocolate bars or truffles. Her sphere looks forward to her newsletters with great anticipation because they are more interested in their lifestyle than real estate facts. 

Prospects may have a keener interest in real estate matters. But, if you want them to choose you, over your competition, as their agent you better let them know that you have more than one dimension and also a unique point of view.  That is the secret of highly successful luxury real estate marketing professionals.

Written by Ron & Alexandra Seigel-

 ABOUT:  Napa Consultants, International is the leader in brand strategy for the luxury real estate industry.  They work exclusively with professionals who are passionate about gaining or sustaining market leadership. With an expertise in personal branding, company branding, luxury real estate website design and social media marketing they help their clients become the breakaway brand in their marketplace. 

-WATCH VIDEOS-

Buzz-Worthy Luxury Real Estate Websites 

Personal Branding Case Studies Company Branding Case Studies 

About Language of Luxury

GET FLUENT. GET AFFLUENT! - JOIN THE LOL COMMUNITY