Former MLB player turned real estate pro, Robert Lucido Jr., shares tips on dictating your worth in a competitive market: focus on solutions, price effectively, create value, stack value, and take risk off the table for clients. Learn how to stand out and maximize value in real estate.
Focus on providing solutions to core problems such as helping people get mortgages.
Price services to position effectively and differentiate based on unique value proposition.
Create value by addressing objections, stacking value through bonus offerings, and maximizing customer satisfaction.
Deep dives
Value-Driven Real Estate Success
Emphasizing the importance of delivering consumer, buyer, and seller value in unique ways, the podcast episode discusses the journey of Robert Lucido Jr., a successful real estate entrepreneur who transitioned from a career in professional baseball. Lucido's focus on providing value across all dimensions, tackling issues like housing affordability, effective pricing strategies, and stacking value through innovative presentations, offers valuable insights for real estate agents aiming to differentiate themselves in the market.
Mindset and Differentiation
Robert Lucido's emphasis on mindset and differentiation highlights the importance of believing in one's value and confidently pricing services accordingly. By comparing pricing strategies to luxury brands like Chanel and emphasizing the need to deliver more value than cost, Lucido encourages agents to be bold in their approach, stand by their value, and differentiate themselves based on the unique value proposition they offer.
Creating Value and Solving Objections
The podcast delves into creating value by focusing on customer dream outcomes, increasing likelihood of success, reducing time and effort needed, and stacking value through bonus offerings. By addressing objections around risk, like airlines selling vacation experiences, real estate agents can transform their offerings to meet and exceed client expectations, maximizing value and customer satisfaction.
Innovative Pricing Strategies and Holistic Value Creation
Robert Lucido's innovative approach to pricing, inspired by outside industries like airlines and luxury brands, reveals the power of positioning and pricing strategies in determining perceived value. By offering real estate services as a premium experience and focusing on holistic value creation across all dimensions, agents can stand out in a competitive market and command their worth, driving success and client satisfaction.
Empowering Agents and Driving Value-Based Decisions
Empowering agents to take charge of their worth, deliver exceptional value, and make value-based decisions reinforces the core message of the podcast episode. By fostering a mindset of value creation, strategic pricing, and differentiated service offerings, real estate agents can establish themselves as market leaders, solve client objections, and drive success through client-focused, value-driven approaches.
It’s not every day that someone’s path to being a real estate professional first takes them through the Major League Baseball League. But that’s the path of our guest today, Robert Lucido Jr.
Part of how Robert Lucido Jr. made it on to an MLB team was that he cold called teams. This is unheard of in the world of baseball. But it gives you a sense of what Robert Lucido Jr. is all about: Knowing your worth and fighting for it.
Today Robert takes us through how to dictate your worth in a highly competitive market where there is often a race to the bottom. First, focus on solutions to core problems, which right now is helping people get mortgages. Second, price to position effectively. Third, create value across dimensions. Fourth, stack value throughout the offer presentation. And fifth, take risk off the table for the client.
This podcast is for general informational purposes only. The guest's views, thoughts, and opinions represent those of the guest and not KWRI and its affiliates and should not be construed as financial, economic, legal, tax, or other advice. This podcast is provided without any warranty, or guarantee of its accuracy, completeness, timeliness, or results from using the information.