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  • Will You Add? - Luxury Real Estate Marketing - 5 Fundamentals for Success

    Estimating Construction Costs Requires Skill And Accuracy
    The major part of an estimator’s job obviously is estimating job costs. In the past, doing this manually left marginal room for error. Today, with technology evolving everyday, software has been developed to reduce the chances of input error. The software offers an assortment of different templates that allow you to enter your costs, inventory and even profits. This allows you to give a more accurate estimate without leaving the jobsite. With this software, what used to take hours and even days to complete can now be completed in a fraction of the time. The software programs can be learned in a short amount of time, and are mad
    state, they expect certain things. They expect the sales office to be fancier than an "average real estate" office. They expect more personal treatment and finesse from their sales agent. And they expect marketing collateral with a lot of polish.

    Your website, brochures and sales sheets are a direct reflection of your company, and your company directly reflects your product. People want a luxury home built with the utmost care and attention to detail. They want a home that makes them say, "Wow." Your marketing materials need to reflect this, especially when they're the first impression you make.

    4. Online Visibility
    People shop for real estate online before doing

    Matter Management Reporting - A Business Objects Approach
    Corporate legal Matter Management systems are implemented through multi-million dollar projects that frequently result in unpopular, underused tools that never provide the expected return on investment. One element, common to many such situations, is the limited utility of the data being captured. The data in the matter management system is either irrelevant or inaccessible to the interested parties. Integrated Matter Management reporting is the solution to this problem.In the best case, future reporting needs have been considered and included as critical inputs in the design phase of the larger matter management project
    Luxury real estate marketing calls for a unique approach. There's more at stake financially, which leads to a longer sales process. On top of that, the average buyer of luxury real estate is well educated, Internet-savvy and detail-minded.

    Combine all of these factors, and you can see the need for a unique marketing approach. Here are five fundamentals for success in luxury real estate marketing.

    1. Lead Capture
    One client in a hundred will call you and say, "I'm ready to buy. Where do I sign up?" The other 99% of the time, the process starts with a lead and escalates through a series of touches. But without a good lead-capturing system in place, the process is doomed from the start.

    All of your marketing efforts should revolve around a central database. All marketing channels should also have a lead-capturing mechanism in place. Phone calls should be logged and added to the database. Same goes for walk-ins and emails. Internet leads should be collected and organized.

    To really maximize your leads, you should incorporate information-request forms in strategic locations throughout your website. This encourages customers to request additional information via the web, at their convenience. Ideally, these submissions would be added to your database automatically, or would at least go into a queue for later review.

    Make it a top priority to build lead capture into all aspects of your real estate marketing program. Without lead capture, you have no leads. Without leads, you have no business.

    2. Lead Management
    Lead management is just as important as lead capture. Lead management refers to the process of recording, categorizing, and taking action on a lead. It's what converts leads into prospects, and prospects into clients.

    Lead management should be a "no-brainer" for you. If the process is difficult or cumbersome, you'll be less likely to adhere to it. At a minimum, your lead-management program should allow you to capture leads in a database, organize them by pre-determined criteria, and update them accordingly as a person moves through the sales process.

    When setting up your lead-management system, you first need to determine your ideal sales process. How many touches do you want to make for each client? How do you want to categorize them based on purchasing timeframe or other factors? How will you track it all? A good lead-management program should address and simplify each of these things.

    3. The Polish Factor
    We've talked about the technical side of lead capture and management. Now let's talk about the customer-facing, aesthetic aspects of your marketing program. Let's talk about polish!

    When people shop for and purchase high-end, luxury real estate, they expect certain things. They expect the sales office to be fancier than an "average real estate" office. They expect more personal treatment and finesse from their sales agent. And they expect marketing collateral with a lot of polish.

    Your website, brochures and sales sheets are a direct reflection of your company, and your company directly reflects your product. People want a luxury home built with the utmost care and attention to detail. They want a home that makes them say, "Wow." Your marketing materials need to reflect this, especially when they're the first impression you make.

    4. Online Visibility
    People shop for real estate online before doing i

    Key Indicators, How they will Benefit your Business
    Key Indicators allow you to track the health and growth of your business. By deciding what values are critical, then measuring them over time, you can determine exactly where you are in your progress towards your business development goals.Most business owners would argue that they have a ‘good feel’ for their businesses. This is probably true but it is not sufficient to be successful. The Key Indicators in your business need to be defined and a schedule established to track and measure your progress towards them over time.Key Indicators can be used to track both measurable and implied areas of your business.<
    omed from the start.

    All of your marketing efforts should revolve around a central database. All marketing channels should also have a lead-capturing mechanism in place. Phone calls should be logged and added to the database. Same goes for walk-ins and emails. Internet leads should be collected and organized.

    To really maximize your leads, you should incorporate information-request forms in strategic locations throughout your website. This encourages customers to request additional information via the web, at their convenience. Ideally, these submissions would be added to your database automatically, or would at least go into a queue for later review.

    Make it a top priority to build lead capture into all aspects of your real estate marketing program. Without lead capture, you have no leads. Without leads, you have no business.

    2. Lead Management
    Lead management is just as important as lead capture. Lead management refers to the process of recording, categorizing, and taking action on a lead. It's what converts leads into prospects, and prospects into clients.

    Lead management should be a "no-brainer" for you. If the process is difficult or cumbersome, you'll be less likely to adhere to it. At a minimum, your lead-management program should allow you to capture leads in a database, organize them by pre-determined criteria, and update them accordingly as a person moves through the sales process.

    When setting up your lead-management system, you first need to determine your ideal sales process. How many touches do you want to make for each client? How do you want to categorize them based on purchasing timeframe or other factors? How will you track it all? A good lead-management program should address and simplify each of these things.

    3. The Polish Factor
    We've talked about the technical side of lead capture and management. Now let's talk about the customer-facing, aesthetic aspects of your marketing program. Let's talk about polish!

    When people shop for and purchase high-end, luxury real estate, they expect certain things. They expect the sales office to be fancier than an "average real estate" office. They expect more personal treatment and finesse from their sales agent. And they expect marketing collateral with a lot of polish.

    Your website, brochures and sales sheets are a direct reflection of your company, and your company directly reflects your product. People want a luxury home built with the utmost care and attention to detail. They want a home that makes them say, "Wow." Your marketing materials need to reflect this, especially when they're the first impression you make.

    4. Online Visibility
    People shop for real estate online before doing

    Self-Marketing Is A Full-Time Job
    The most important aspect of being an entrepreneur or small business owner is self-marketing. Self marketing, in itself, is a full time job. And, for a bootstrapped entrepreneur it is a full-time job even more so. Luckily, there are plenty of entrepreneur resources to help you through it to self-market yourself, the best and most popular being the Guerrilla Marketing series of books by Jay Conrad Levinson. Guerrilla Marketing is defined by Wikipedia as an "unconventional way of performing marketing activities (primarily promotion) on a very low budget."When entrepreneurs deal with self-marketing on a low budget they must
    ity to build lead capture into all aspects of your real estate marketing program. Without lead capture, you have no leads. Without leads, you have no business.

    2. Lead Management
    Lead management is just as important as lead capture. Lead management refers to the process of recording, categorizing, and taking action on a lead. It's what converts leads into prospects, and prospects into clients.

    Lead management should be a "no-brainer" for you. If the process is difficult or cumbersome, you'll be less likely to adhere to it. At a minimum, your lead-management program should allow you to capture leads in a database, organize them by pre-determined criteria, and update them accordingly as a person moves through the sales process.

    When setting up your lead-management system, you first need to determine your ideal sales process. How many touches do you want to make for each client? How do you want to categorize them based on purchasing timeframe or other factors? How will you track it all? A good lead-management program should address and simplify each of these things.

    3. The Polish Factor
    We've talked about the technical side of lead capture and management. Now let's talk about the customer-facing, aesthetic aspects of your marketing program. Let's talk about polish!

    When people shop for and purchase high-end, luxury real estate, they expect certain things. They expect the sales office to be fancier than an "average real estate" office. They expect more personal treatment and finesse from their sales agent. And they expect marketing collateral with a lot of polish.

    Your website, brochures and sales sheets are a direct reflection of your company, and your company directly reflects your product. People want a luxury home built with the utmost care and attention to detail. They want a home that makes them say, "Wow." Your marketing materials need to reflect this, especially when they're the first impression you make.

    4. Online Visibility
    People shop for real estate online before doing

    5 Effective Ways to Push The Inside of the Envelope
    One of the most commonly overlooked opportunities in creating effective direct mail, is the real estate inside the envelope. Frequently, marketers will spend many hours crafting a perfect teaser line or developing a compelling intro to a letter only to stuff it into a default outer envelope.In fact, Nearly 3/4 of envelopes sent through the mail are 24lb white wove #10s. With that type of volume, you need to be able to break through the clutter. And techniques pertaining to the envelope is a great place to start. After all, it is the first thing your target will see. They say never to judge a book by it’s cover. The reali
    them accordingly as a person moves through the sales process.

    When setting up your lead-management system, you first need to determine your ideal sales process. How many touches do you want to make for each client? How do you want to categorize them based on purchasing timeframe or other factors? How will you track it all? A good lead-management program should address and simplify each of these things.

    3. The Polish Factor
    We've talked about the technical side of lead capture and management. Now let's talk about the customer-facing, aesthetic aspects of your marketing program. Let's talk about polish!

    When people shop for and purchase high-end, luxury real estate, they expect certain things. They expect the sales office to be fancier than an "average real estate" office. They expect more personal treatment and finesse from their sales agent. And they expect marketing collateral with a lot of polish.

    Your website, brochures and sales sheets are a direct reflection of your company, and your company directly reflects your product. People want a luxury home built with the utmost care and attention to detail. They want a home that makes them say, "Wow." Your marketing materials need to reflect this, especially when they're the first impression you make.

    4. Online Visibility
    People shop for real estate online before doing

    Powerful Presentations -- The Six Ps
    In today’s fast paced world, being able to present our messages powerfully is not just an asset, but has become a necessity. Whether we are presenting one-on-one or to a large group, we will be successful if we make use of what I term as the Six Necessary Ps.The first “P” stands for Passion. If we are not passionate about our topic, our ideas, and/or our products, our presentation will lack enthusiasm and sincerity. No one loses credibility more quickly than the presenter/speaker who appears to be giving a canned speech that doesn’t come from the heart.The second “P” stands for Preparation. Some pres
    state, they expect certain things. They expect the sales office to be fancier than an "average real estate" office. They expect more personal treatment and finesse from their sales agent. And they expect marketing collateral with a lot of polish.

    Your website, brochures and sales sheets are a direct reflection of your company, and your company directly reflects your product. People want a luxury home built with the utmost care and attention to detail. They want a home that makes them say, "Wow." Your marketing materials need to reflect this, especially when they're the first impression you make.

    4. Online Visibility
    People shop for real estate online before doing it any other way. It's an inescapable fact of modern real estate marketing. Statistics from a couple of year ago claimed that 84% of home buyers used the Internet for research. Today, I would imagine the number is closer to 90%.

    Now here's something else to consider. If 90% of your audience is looking for luxury real estate properties online, but they can't find your website … where does that leave you in terms of competitiveness?

    In the future, real estate companies will sink or swim in large part due to their search engine visibility. So when building your marketing program, be sure you add search engine optimization (SEO) into the mix. Ask your marketing provider if they offer SEO services. If they don't, you'll need to find them elsewhere. Otherwise, you're letting a world of web surfers pass you by.

    5. Total Integration
    Another thing to realize about marketing luxury real estate is that a single channel can rarely deliver success. Maximum results occur when several marketing channels work together in harmony, complementing and reinforcing one another.

    An example of this might be a direct mail piece that leads to a landing page on your website. The landing page has an information-request form, which triggers a confirmation email (and, ultimately, a sales process and continued dialogue).

    When multiple marketing channels work together as one, they dramatically increase the number of ways people can find you, talk to you, and purchase from you.

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