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June 27, 2008

Reader’s Choice: Purple Cow: Transform Your Business by Being Remarkable





Quick Skim
Using a traditional (a.k.a. boring) marketing strategy is one of the riskiest things you can do, as it threatens to make you invisible to the customers you need most to succeed. That’s the main thrust of Seth Godin’s classic Purple Cow: Transform Your Business By Being Remarkable (Portfolio, 2002), a quick read of case studies and commentary on how to make your brand something everyone will be talking about. Godin shares lessons from innovators such as Krispy Kreme, Apple, and Starbucks as he inspires you to stop following the herd and find your own way to be remarkable.

               Buy the Book

From the Book: 5 Ways to Be Remarkable

Do you feel invisible and anonymous when prospecting? Then start searching for a “Purple Cow” you can bring to your business. Unlike boring brown cows, Purple Cows are products or services that have built-in remarkable elements that literally sell themselves. Here are some ideas from the book for making your company stand out from the crowd:

1. Sniff out the sneezers. Godin uses the term “sneezers” to describe people who are so excited about your services that they infect all those around them with information about you and what you have to offer. Spend all your energies pleasing this group and figure out ways that you can grow and reward this group. “Ignore the rest,” Godin writes. “Your ads (and your products!) shouldn’t cater to the masses.” Do you have the e-mail addresses of the 20 percent of your customer base who loves what you do? If not, get them. And then concentrate on making this 20 percent happy.

2. Don’t play it safe. Trying to play it safe is riskier than innovation, Godin writes. Playing follow-the-leader in your industry makes you disappear into the crowd. Innovative companies, by definition, try tactics that competitors don’t use. For example, Herman Miller took a risk when the company introduced the $750 (gasp!) Aeron chair into the office furniture industry in 1994. “They launched a chair that looked different, worked differently, and cost a bunch,” Godin writes. “It was a Purple Cow. Everyone who saw it wanted to sit in it, and everyone who sat in it wanted to talk about it.” What tactics does your company use that follow the leader? You’ll never catch up with your competitors by being the same, so make a list of ways you can succeed by being

different, Godin writes.

3. Make your business cards stand out. “If you’re in an intangible business, your business card is a big part of what you sell,” Godin writes. So don’t let your business card become a brown cow — boring and indistinguishable from one another. Godin cites the example of an ice cream store owner who placed a stack of large business cards on the counter that said, “If you have any comments at all about the store, please call me at home.” It listed the owner’s home telephone number. People who visited the store noticed and talked about it. Godin recommends creating a second business card for you to distribute that will make people talk.

4. Be a copy cat, kind of. Examine what works and what doesn’t by making a list of all the remarkable companies in your industry. Who made them? How did they happen? “Model the behavior (not mimic the product) and you’ll be more than halfway to making your own,” Godin writes. “Immerse yourself in fan magazines, trade shows, and design reviews.” Also, identify a competitor in your market. What are they known for? Once you identify their special trait, set out to outdo them in it.

5. Come to the rescue. Be a problem-solverfor your customers. Identify a problem that you can solve and then promote the solution where those most likely to pass it along will be paying attention, Godin suggests. He points to Altoids’ successful campaign, which was one of the most profitable candy introductions in history. Altoids targeted young adults who were looking for something to pop in their mouths at work and while on-the-go. The company advertised in urban centers with high-end imagery and slogans, and packaged the candy in a small tin, perfect for sharing and “sneezing” the product to others, Godin writes.

Sneak Peek

“Remarkable marking is the art of building things worth noticing right into your product or service. Not slapping on marketing as a last-minute add-on, but understanding that if your offering itself isn’t remarkable, it’s invisible. …Remarkable isn’t always about changing the biggest machine in your factory. It can be the way you answer the phone, launch a new brand, or price a revision to your software. Getting in the habit of doing the ‘unsafe’ thing every time you have the opportunity is the best way to learn to project — you get practice at seeing what’s working and what’s not.”

About the Author

Seth Godin is an author of nine bestsellers, including Permission Marketing: Turning Strangers Into Friends and Friends Into Customers, Unleashing the Ideavirus, and Meatball Sundae: Is Your Marketing Out of Sync?.

June 23, 2008

Top 10 Business Books (06/23/08)

Here are the latest top selling books in business and investing from Amazon.com:

1. The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich, By Timothy Ferriss

2. Getting Things Done: The Art of Stress-Free Productivity, By David Allen

3. Good to Great: Why Some Companies Make the Leap... and Others Don't, By Jim Collins

4. The Official Guide for GMAT Review, 11th Edition

5. StrengthsFinder 2.0: A New and Upgraded Edition of the Online Test from Gallup's Now, Discover Your Strengths, By Tom Rath

6. Freakonomics: A Rogue Economist Explores the Hidden Side of Everything, By Steven D. Levitt and Stephen J. Dubner

7. The Answer: Grow Any Business, Achieve Financial Freedom, and Live an Extraordinary Life, By John Assaraf and Murray Smith

8. Predictably Irrational: The Hidden Forces That Shape Our Decisions, By Dan Ariely

9. The Tipping Point: How Little Things Can Make a Big Difference, By Malcolm Gladwell

10. The Black Swan: The Impact of the Highly Improbable, By Nassim Nicholas Taleb

June 16, 2008

Take Your Reading Digital and Access Free Books




By Mary Martinez
NAR Manager, Library & Information Services

No surprise, real estate sales books consistently rank among the top circulating titles in the NATIONAL ASSOCIATION OF REALTORS®’ Virtual Library eBooks Collection, a special library collection just for REALTORS® and association staff.

But, this digital collection offers something for every facet of life. NAR members have free access to 1,000 downloadable books, audio books, and videos on everything from managing a real estate career to learning Japanese ... from practicing time management to practicing yoga ... from using a digital camera to making real money in Second Life.

Among the most popular eBooks in May were those on foreclosed properties:
Buying Real Estate Foreclosures
How to Make Money on Foreclosures
Make Money in Short-Sale Foreclosures

However, other eBooks making the top 10 list in May included audio books on learning Spanish — Instant Immersion Spanish and Dr. Blair's Spanish In No Time; eBooks on Internet

marketing — 200 Marketing Ideas for Your Website; and an audio book on voice skills — The Executive Voice Trainer.

The Virtual Library eBooks Collection is available 24/7, provides all the necessary eReader software, and doesn't cost a dime — all you need is your NRDS number and the Quick Start Guide to take your reading digital.

Like what you see in the collection? Don't like what you see in the collection? Something missing from the collection? Share your feedback at eReviews.realtor.org, a companion Web site to the Virtual Library eBooks Collection that allows you to review eBooks and rate reviewed titles.

June 13, 2008

What's Your Favorite Real Estate Book?

Tell us your favorite real estate book of all-time.

Send an e-mail to bookblog@realtors.org that includes the title of the real estate book and its author, along with your name, contact information, and why it's your favorite. Send us your photo, too, and we'll feature you on the blog!

June 02, 2008

Top 10 Real Estate Sales Books (6/02/08)

Here are the latest top selling books in sales from Amazon.com:

1. Multi-Family Millions: How Anyone Can Reposition Apartments for Big Profits, By David Lindahl

2. FLIP: How to Find, Fix, and Sell Houses for Profit, By Rick Villani, Clay Davis

3. Confessions of a Real Estate Entrepreneur: What It Takes to Win in High-Stakes Commercial Real Estate, By James A. Randel

4. How To Become a Power Agent in Real Estate: A Top Industry Trainer Explains How to Double Your Income in 12 Months, By Darryl Davis

5. How to Open & Operate a Financially Successful Redesign, Redecorating, & Home Staging Business, By Mary Larsen and Teri B. Clark

6. The Complete Guide to Buying and Selling Apartment Buildings, By Steve Berges

7. How to Succeed in Commercial Real Estate, By John L. Bowman

8. Success as a Real Estate Agent For Dummies, By Dirk Zeller

9. Real Estate Rainmaker: Guide to Online Marketing, By Dan Gooder Richard

10. Five Minutes to a Great Real Estate Ad, By John D. Mayfield

About This Blog

Welcome to an online book club created especially for you, a busy real estate professional. Each blog entry is designed to give you a weekly dish on book news in five minutes or less. Read more >

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