Unique Selling Proposition (USP) Real Estate Tips
Transcript Why Big Companies Are Big Think of the companies that you admire. Think of the companies that you work with all the time. Oftentimes, the ones that you really admire and you keep on buying from over and over again — think Amazon or Apple or name the local one that you really appreciate — each and every time, they all have something called a unique selling proposition (USP). USP: Their unique advantage that they serve in the market. It’s something that no one else can claim but them. One thing that a lot of real estate investors and agents don’t do is they don’t come up with their own version of their USP real estate pitch. They put out the exact same message that every single person in their market is putting out. If you’re a real estate agent, “Hey, we can sell your house. We can show you homes.” Everyone Is Saying The Same Thing What are you doing to separate yourself from the 400 other agents in your market? If you’re a house buyer or house flipper, what are you doing to show the sellers or buyers or tenants that you guys are different? The thing is you go to nine out of 10 real estate investor websites are going to be showing the exact same message. They’re going to be saying, “Hey, we can buy houses. We can buy them fast.” You know, “Fast cash closing.” Those types of things. If you’re saying the same thing, how is it that someone is going to choose to work with you versus working with someone else? That’s what we’re going to be talking about today on this Whiteboard Strategy Sketch is a unique selling proposition. Especially in the cluttered market right now. The market’s going up, which means a lot of investors want to pile in and start flipping houses or wholesaling. A lot of real estate agent prospects are piling in there, wanting to sell houses, because it’s easy today. How do you stand apart? The Solution: Having A Unique Selling Proposition For Your Real Estate Business The people who are doing that are the ones winning the market. The people who are not doing that are going to close some deals probably, just by the sheer mathematics of getting leads, but the ones who are actually coming with a unique selling proposition are going to be here through the market cycle. They’re going to be here in the next cycle. They’re going to be here in a year, in two years, in five years. All right, so a unique selling proposition is the key. What’s Your Unique Advantage? The first thing is, what’s your unique advantage? What is it that you have that no one else can claim? This goes directly into the next one. No one can claim the same thing. Okay, so this is something where it could be your experience. It could be a unique process that you have in your business. It could be the credibility that you have based on the experience that you have. What is it that no one in your market can claim the same? As an example, we’re working with a local real estate brokerage here. They are the number one, the largest, privately-held brokerage in Douglas County which is sweet. No one can claim the same thing. That’s one of their unique selling propositions. They probably have several others. One of the other unique selling propositions, they’re amazing at commercial real estate. No one can claim the same, that they have two CCIM-accredited brokers that are … Continued