| Dear
Michael:
Differentiation is the key to
successful marketing in any endeavor. This is especially
true on the Internet where it is easy to get lost in this vast,
digital ocean! One of the most powerful ways to achieve
differentiation is to create your own personal online
"brand" �a unique identification by which your target
market will recognize and associate the value of your services.
Applying a well thought-out
branding strategy is not only a sure-fire way to set your site
apart from the growing herd of agent sites, but also potentially
create a profitable "exit strategy" when you retire!
(more on that later...). Now let's take a look at how three
highly successful online real estate professionals use branding to
set themselves apart from the rest of the pack...
Ducks, Dogs, and Cacti �Oh My!
Rick
Miner and his wife, Joyce, are the branding geniuses behind their
tremendously successful Duckin.com
site. From the webbed feet that form the �WWW� to his
site�s trademark �duck-yellow� look, visitors know instantly
this site is a duck of a different feather!
The beauty of
this branding approach is that it complements his site�s target
market niche of Seattle waterfront properties. And, his
branding efforts don�t stop just at his Web feet (I mean, site).
Rick and his team hand out little rubber duckies emblazoned with
his site URL on its tail, yellow duck-embroidered duck-billed
baseball caps, and drive around in duck-yellow VWs all touting
the Duckin.com brand.
Even his e-mail messages to clients
and prospects are peppered with a kind of �quack-talk� that is
very endearing. Now, you might be wondering if this branding
stuff is all that it�s quacked up to be in terms of generating
business. Rick shared with me that so far this year, Duckin.com
is responsible for 90% of all his business. As a top
producer for Coldwell Banker, that ain�t duck feed!
"Chester",
the dog is very much a central part of Judy McCutchin's highly
successful DallasHomes.com
Web site �one that generated over $13,000,000 in closed online
business for her in 1999 alone!
In addition to being a very
endearing branding theme, Judy uses Chester as a way of enhancing
the context of her site content. For example, Chester
appears as a school boy (complete with knickers and schoolbooks)
when visitors view the Dallas area private school information on
her site, or as a "Maitre 'd" when searching for fine
dining.
In a very clever and unique twist,
visitors can chat live with "Chester" for more
information or to set appointments through a service called Live
Assistance. Judy had the service customized to show
Chester in the chat window and instructed the chat operators to
"think and act" just like Chester �including throwing
in a "bow-wow" here and there in the course of helping
visitors with their questions. Thanks to Chester, you might
say that the DallasHomes.com
is somewhat of a "dog" �but a gold plated one at that!
Top
producer Alice Held (who is anything but a "prickly"
person...) uses anthropomorphized cacti to give her Come2az.com
site a uniquely branded sense of charm and personality. Like
Judy McCutchin above, she uses her branding element in a
contextual way. That is, the "look" of the cacti
figures change for each section of her site, depending upon the
kind of information being conveyed. Also, like Rick Miner's
site, her approach to branding powerfully complements her target
market of people relocating or retiring to the Scottsdale, Arizona
area. The fact that Alice has closed well over a hundred
transactions generated from her online efforts gives another
reason why her friendly cacti are so green!
Five Qualities Of Successful
Online Branding
The examples above share four
qualities of highly successful Web site branding, in that each of
their brands are:
- Idiosyncratic - they
reflect some aspect of their creator's personality (i.e.
Rick's and Judy's sense of playfulness and Alice's warmth)
- Memorably Unique - they
are presented in a way that is not easily forgotten or copied
by others
- Attractive - they are
pleasing, warm, friendly, reassuring, cute, fun, or convey any
number of other positive qualities
- Congruent With Their Target
Market - the "look and feel" of the branding
elements speak to the intended target market rather than clash
with it
A fifth quality of the branding
process that is missing from all of our examples however,
is the use of an identifiable "logo". A logo is a
graphical element (including stylistic use of type �called a
"logotype") that becomes the primary identification
element of the site and instant association of its value
for the target market. A well designed logo is unique,
memorable, consistent with all other branding elements, and
creates a positive visceral (i.e. gut level) response when
seen/read/heard by your target market. Ideally, the logo
will incorporate the site's domain name as well. With a little
bit of effort, each of our online pros above could unify and
solidify their branding efforts with a compelling logo
�something I suspect each is very close to completing.
How To Find The Brand
Within You
Creating an effective
brand is not an easy process. The most successful brands
tend to reflect the personalities of their creators. In fact,
one way to approach the issue of branding is to ask the question: "What
makes me unique from all others on the Net?" The answer
is the same as what makes you different from all people on the planet
�it's you, your personality, your passions, your sense of purpose
�all that makes you uniquely "you".
Here is a simple, yet
powerful three-step process to help you get started with your online
branding efforts:
-
Do a
quick 3-minute personal "brainstorm" (i.e. no
editing allowed and give yourself the freedom to be outrageous!)
to list all of your personal passions, regardless of
whether they relate to real estate or not.
-
Do
another 3-minute "brainstorm" where you list all
the unique ways your site can "speak" to your
target market (e.g. Rick Miner's yellow ducky)
-
Now
evaluate which of your ideas (from either brainstorm) may be a
possibility for a full-blown branding effort. Make sure that
your choice is one about which you can be passionate
�you will need that kind of energy to see it through to
fruition!
You may be wondering at
this point if this is all worth the effort. Well, in addition to
significantly boosting your current online business, a well executed
branding effort can pay off big when you retire as well...
Branding Your Way To A
Profitable Retirement
At some point in your life
you probably expect to retire from the real estate business. For
most agents this simply means no longer collecting commissions for
their efforts. Even if they would like to "sell" the
goodwill they generated over the years, there is typically nothing to
sell, because they made the business all about them.
When you turn your
business into a recognizable "brand" however, that is a
whole different story. There will always be investors looking to
enter into a business that provides instant market share through brand
awareness. For example, if Rick and Joyce Miner continue to
refine their branding efforts, I would not be surprised if they
received something around seven-figures for Duckin.com
when they are ready to sail into the sunset of their years. Now
that's an "exit strategy"!
There are no "magic
bullets" to generating consistent business online. There
are however, sound strategies �and creating an effective online
brand is one of the most powerful I can think of!
Article Resources: |
| Duckin.com -
probably the best example of agent site branding on the Net. |
Dallashomes.com -
the home of Chester and Judy McCutchin's highly successful
online presence. |
| Come2az.com
- where Alice Held creates a whole new meaning of
"sticky" site using friendly cacti. |
Live
Assistance - customizable online chat service that
provides visitors with a way to interact live on your site. |
|