Five Steps To Creating A Real Estate Brand

Five Steps To Creating A Real Estate Brand

with No Comments

 

It is crucial to market your real estate company, but what exactly is a real estate brand? Let's begin by providing you with a few (often cited) key definitions of branding:

One of the greats of the advertising world, Walter Landor, once said: "A brand is, in essence, a promise. Delivering a guarantee of satisfaction and quality, it identifies and authenticates a good or service.

David Aaker describes brand equity as "a set of assets (or liabilities) linked to a brand's name and symbol that adds to (or detracts from) the value provided by a product or service" in his book "Building Strong Brands," which also indicates that the brand is a "mental box."

A brand is, in the words of Al Ries, "a singular idea or concept that you own inside the mind of the prospect."

The process of effectively and consistently communicating a relevant message over time in order to (eventually) elicit the desired emotional response whenever your company name is seen or heard by your target audience becomes apparent when these established definitions are taken into consideration. Let's continue and outline some key actions you should do when developing and promoting your real estate brand.

 

The Top 5 Ways To Develop Your Real Estate Brand

 

1. Consider The Opposition

What market segments are currently being targeted in your area? Exists a high-end expert? A condo specialist? A cheap leader? A Realtor who is "green" is a person who mostly sells golf communities. You can identify possibilities to sell your own company in a distinctive way by being aware of the marketing strategies your competitors are using. The last thing you want is for your prospects to mistake you for them when they are ready to pick up the phone and start a deal, thus it's always crucial to make sure that your branding cannot be confused with that of your competitors. Additionally, being aware of what is currently effective may help you understand how your local market responds, which is always beneficial to any cause.

 

2. Establish Your Brand

Make sure to ask the proper questions of yourself so that anything you decide will speak to your target audience directly before you even consider a name, slogan, or look for your real estate brand. Here are some crucial inquiries that will aid you in this process:

  • Who makes up your main customer base? Are they able to be filtered by age, gender, family situation, or occupation?
  • What services in real estate do they require? What services are in high demand? Are there any services that come with a price tag?
  • Which of the communities you serve offers the best business opportunities? Would it be advantageous for you to build your brand around those particular markets?
  • What distinguishing features do you have over the opposition? Some real estate firms base their reputation on a special service they offer.
  • What do you stand for as a company? Consumer confidence in your real estate company can be increased by building your brand around values and ethics.
  • Do the majority of your customers come to you through recommendations? This can, at the absolute least, affect your branding choices and, in some circumstances, even serve as the inspiration for your brand.

 

3. Develop A Brand

Create a list of potential company names and slogans using all the information from the questions in the previous phase. Be original, enduring, and meaningful. If you struggle with language, find a coworker you can trust to help you with this project. If you must, spending a few dollars on a freelance writer is certainly worth it because nothing will turn away a prospect more quickly than a real estate brand they see as "lame," "cheesy," or "inauthentic." Unless your target market is addicted to "cheese!"

 

4. Give Your Brand A Face

Some important groups in the field of online marketing, particularly men, are greatly influenced by visual appeal. Hire a reputable designer to create a fitting, distinctive logo for your company name. Additionally, you want to think about designing distinctive logos for your standout products or services. The color scheme, shape, and text of your logo will become familiar to individuals, and this will cause them to begin associating attributes with your brand. Therefore, it's crucial to establish a strong visual impression immediately away in a style that's simple to remember. Consider some of the popular image types in your neighborhood and base your logo design on those ideas.

 

5. Deliver Your Brand

When your real estate brand is finished, you must make every effort to promote it in your neighborhood. Every phone call should be addressed with a script that features your branding. It should be prominently displayed on all of your printed items, such as stationary, business cards, postcards, and house signs. Spread your brand throughout your online presence by including it in all of your web content, blogs, social networking profiles, and email blasts. All of these should use language and logos that support your brand. Promote a single phrase and a single signature logo because consistency is important here. This will leave a similar impression on everyone you deal with. Keep in mind that it takes precise repetition of your brand over time to spread it through offline and internet channels.