Starting a real estate business ain’t for the faint of heart. What other industry requires you to cold call dozens of leads every day — only to close approximately five deals in your first year (if you’re lucky)?
By most estimates, 87% of real estate agents fail within the first five years. But for those who have what it takes, starting your own real estate business can absolutely give you the seven-figure job of your dreams.
The start of a new year is the perfect time to both look back on what worked for your business in the previous year, and look forward to what you can do to build an even better real estate business in the year to come. Planning is an essential part of success in all aspects of the real estate industry, and that’s certainly true when it comes to making the most of your opportunities in 2019. FF
From uncovering new lead generation opportunities to retaining current clients, now is the time to start planning ahead for the New Year. Get started with our guide to preparing your real estate Online Marketing Agency for business for a successful year in 2019.
Here’s a candid look at how to start a real estate business, plus our best advice for avoiding mistakes that hijack momentum as you grow.
Determine Your Marketing Priorities & Budget for the New Year
Creating an effective plan for the coming year is much easier when you know what you have to spend on marketing, and what you hope to accomplish with your real estate marketing this year.
Are you looking to attract new clients from specific demographics, expand your influence into new areas, or find new, exciting ways to keep existing clients on board? Setting goals and knowing how much you can invest to achieve them will help you find success in 2019.
Take a Fresh Look at Your Target Audience
Has anything changed about the types of homes that you market, or the target audience that you aim to reach? Even if everything is the same as last year, it’s a good idea to take a fresh look at who makes up the core of your target audience, so that you can tailor your marketing to the demographics that matter most to your business.
How Do You Want That Audience to See Your Business?
Creating the right message for your marketing is critical for success in the coming year, so what characteristics and qualities do you want clients to focus on when they think about your business?
Basically, your clients want results, and your marketing should communicate exactly how your business can help them achieve their unique goals. To know more information on Real Estate Marketing check Msresearch
Make the Most of Your Marketing Channels in 2019
Successful modern marketing requires the use of a wide variety of marketing channels, from email to social media and of course your real estate website. The best real estate marketing plans make use of each marketing channel in a distinctive way.
Social media is great for communicating/sharing content with both clients and prospects, while email is ideal for both nurturing leads and keeping the attention of existing clients. Your real estate website is your home-base for marketing, where people will come to browse listings, read your blog, and learn more about your agents.
Retaining & Communicating with Current Clients
Marketing to new clients is a priority for every real estate business in the New Year, but you definitely don’t want to forget about your existing clients in the process. Consider how you can segment your existing clients based on their priorities, and create unique marketing that appeals to each segment.
Look for opportunities to stay in touch, and remind clients why your business is still the right choice for all of their real estate needs.
Searching for a simple way to make the most of your marketing in 2019? Working with the right real estate marketing team is the perfect place to start. Contact us to get a head start on your real estate marketing needs for the coming year.