Real Estate Marketing Plan: Strategic Marketing Template for Real Estate Agents + Investors
Looking for a sample real estate marketing plan to create your strategy? We’ve got you covered. Why You Need A Real Estate Marketing Plan According to the U.S. Small Business Association, only 56% of small businesses with 50 or fewer employees have a marketing plan. Almost half of smaller businesses are missing out on leads and sales. Here are four other reasons why a marketing plan is essential for your real estate agent or investor business. Sample Real Estate Marketing Plan At its basic level, a real estate marketing plan answers a series of questions that helps you define your ideal targets and craft your business’s most compelling offers into a cohesive story. It uses good distribution channels to reach your ideal targets. Here are the questions you need to ask when making a good real estate marketing plan: Here is a quick video that can help get you started… Real Estate Marketing Plan: Simple 90 Day Strategy What is Your Marketing Goal? First things first: you need to set your goals and objectives. Clearly, state what you want to accomplish for yourself in your real estate business. If you’re an investor, it could be buying 50 properties this year. As a real estate agent, you might consider closing 100 listings. Or, in both situations, you could want to get your brand or name out more for recognition. It could be that 50 percent of your target market knows who you are. Set goals that you can quantify to record and track your accomplishments. Develop a 10,000-foot vision for your business, such as… Then quantify that vision with measurable goals. Measurable goals might include: What Impact Do You Want to Have in Your Communities? You want your real estate business to be sustainable and build a good relationship with your community. How you approach and treat your clients has a tremendous impact on how your business is viewed within your market. Your clients directly affect your business reputation, lead, and deal volume. But it’s not just your direct clients. Anyone that you interact with can be considered an indirect client. Residents, Facebook friends, your website host, employees, contractors, partners, and suppliers. You must constantly assess your behaviors and their impact on your local community and the broader audience. Image: Placester Then you can assess and find your niche within. What events to attend and who to build relationships with. Your community approach will also help you create your immediate and long-term business needs. Is Your Market Saturated with Similar Offers? You want to build strong relationships with your customer base. As you’re maintaining a high value and positive service for your customers, they’re more likely to spread the word among their peers. If you’re in a competitive market and find it hard to make your marketing stand about your competition, then be sure to make your service and client experience stand out. Build your real estate brand identity, and your customers will become ambassadors if they see and feel that “above and beyond” connection. Marketing Strategies for Real Estate: How Tough is Your Competition? First, you need to identify your competitors. Take into account your potential or future competitors too. There are a couple of methods you can use to do this. 1. Look at them from a customer’s point of view If you can look at your competitors from a customer’s point of view, you’ll be able to spot some of their larger strengths and weaknesses. It’s a fun yet challenging activity to think like a customer. Why would a customer want to use them as a real estate service? Is … Continued