Building a Real Estate Brand that Becomes the Market | Tom Ferry Podcast Experience
Oct 18, 2023
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Real estate brand-building expert, Tom Ferry, discusses the fundamentals of building a real estate brand with guest Marc Davison. They explore the difference between branding and marketing, the importance of finding your brand purpose and story, and grabbing your audience's emotions in marketing. They emphasize the shift towards personal branding, expressing passion for the industry, and building a strong brand with positioning statements.
Branding focuses on creating believability around marketing, while marketing focuses on the transactional aspect of selling products or services.
Targeting values and beliefs instead of specific demographics can attract like-minded individuals and build a loyal customer base for a strong brand.
Deep dives
Branding vs Marketing
Branding and marketing are both important for business growth. While marketing focuses on the transactional aspect of selling products or services, branding is transformational, creating believability around marketing. It's essential to find a balance between the two, with a focus on increasing branding to create a strong brand experience for customers.
Targeting Values and Beliefs
Rather than targeting specific demographics, it is more effective to target values and beliefs. By dialing marketing efforts to touch on what customers genuinely believe in and care about, businesses can attract a database of like-minded individuals. This helps to strengthen the brand and build a loyal customer base.
Staying On Topic and Share Your Passion
To build a strong brand, it is essential to stay on topic and share your passion. Avoid going off-topic in marketing campaigns and instead focus on the core elements of your business. By sharing personal stories and showcasing your passion, you can create a more meaningful connection with your audience.
Customer Service and Reinvention
Customer service is a vital component of branding. Developing programs to go beyond expectations and over-deliver on customer service can help establish a memorable and trusted brand. Additionally, it is crucial to regularly reinvent your brand every 18 months, upgrading your color palette, identity, and service proposition to keep up with evolving market demands.
You may have noticed that we’ve been talking a lot about building a real estate brand on my channels. In an environment this competitive, it’s not enough to grab attention; you need to make consumers CARE about your marketing – and that’s what having a brand is all about.
The only problem is that many agents don’t understand what building a real estate brand entails. Lucky for you, for this episode of the Tom Ferry Podcast Experience, I’m sharing a clip from our recent Success Summit where I talk to the founder of 1000watt and king of real estate branding, Marc Davison.
Marc is going to take you step-by-step through the fundamentals of building a real estate brand, including:
The difference between branding and marketing
Why focusing on demographics distracts from the big picture
How to find your brand purpose, values, and story
How to grab your audience’s emotions in your marketing
This clip is essential viewing or listening for any agent interested in building a real estate brand. So be sure to check it out, right here.
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