Shaping Buyer Agency Perception in Your Marketing | This Week in Marketing
Apr 24, 2024
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Jason Pantana talks with Brian Boero, co-founder of 1000Watt, about shaping buyer agency perception in real estate marketing. They discuss fixing buyer agency perception, focusing on what matters to consumers, setting better expectations, telling the right story, revealing statistics, and emphasizing the importance of authenticity and empathy in marketing.
Effective marketing for buyer's agents emphasizes risk mitigation and transparent value communication.
Storytelling and case studies help agents showcase problem-solving skills and differentiate themselves in the market.
Deep dives
Consumers Value Risk Mitigation from Buyer's Agents
Buyers highly value the role of buyer's agents in mitigating risks associated with purchasing a home. Research indicates that consumers seek agents who can interpret property details, understand disclosure documents, navigate local ordinances, and manage inspections effectively. The core emotional need of buyers is to avoid making a costly mistake, emphasizing the importance of agent-driven risk mitigation strategies.
Transparency and Expectation Setting Are Crucial for Buyer's Agents
Buyer's agents often fail to set clear expectations for their clients, resulting in misunderstandings regarding their value. The industry's focus on real estate search tools as a primary service offering misrepresents the agent's role, leading to misconceptions among buyers about an agent's value. To address this, agents should proactively communicate their value proposition, emphasizing risk avoidance and comprehensive transaction management.
Authentic Marketing Through Storytelling and Case Studies
Effective marketing for buyer's agents involves storytelling and sharing case studies that highlight the challenges faced during real estate transactions. By showcasing real-life scenarios, agents can demonstrate their problem-solving skills and the value they bring in navigating complex transactions. Encouraging empathy and transparency in marketing content can build trust with clients and differentiate agents in a competitive market.
Embracing Truthfulness and Empathy in Marketing Efforts
The podcast underscores the importance of truthfulness and empathy in buyer's agent marketing. Embracing authenticity and candor allows agents to align with consumer expectations and address industry uncertainties effectively. Agents should use content to educate buyers on the complexities of real estate transactions, showcasing their ability to mitigate risks and provide informed guidance for successful home purchases.
Since the NAR lawsuit first dropped, consumers have seen buyer agents in a different light. It’s your job to fix that and the way you do it is in your real estate marketing.
In this episode of This Week in Marketing, Jason Pantana talks with Brian Boero, the co-founder of 1000Watt about the best marketing for shaping buyer agency perception today.
Watch or listen now.
In this episode, they discuss…
0:00 – Fixing buyer agency perception
4:08 – What matters to consumers
9:16 – Questioning value
12:00 – Setting better expectations
16:25 – Tell the right story
22:50 – Revealing statistics
26:30 – The best script is the truth
31:00 – Lead the pack
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