Young Pros Make Big Splash at NAR Meetings
The Young Professionals Network has arrived at NAR's Midyear Meetings. Today, in a standing-room-only session, several YPN Advisory board members spoke on a panel about “Marketing Strategies That Work,” and offered up some of their best marketing ideas.
The Gen Y and X panel looked at how to tailor your marketing to different generations and cultures, and gave some ideas for the best technology tools to help you do it.
Here are some of their ideas:
- Host education seminars to reach out to different generations. Baby boomers are preparing for retirement, downsizing homes, and interested in second-home investments, so they'll be interested in seminars on self-directed IRAs and second-home buying, suggested YPN panelist Shannon Williams King, ABR, GRI, of TriBella Realty in Austin, Texas. The Gen X crowd may be more interested in seminars on buying their first home. King suggested holding seminars for lifestyle-conscious Gen Xers at a boutique or unique restaurant.
- Become a niche practitioner. Target a certain industry and make yourself an expert and important resource to that industry. King has established herself as a practitioner catering to dentists. She's learned about the business of running dental practices and and when new dentists move to her city or to a new office in her market, they know to call her. She also hosts relocation seminars at cities throughout her state, targeting graduate programs of dentists and doctors who might be interested in relocating to her market, Austin, Texas.
- Establish yourself as an expert. Baby boomers value education, so you can show yourself as an expert by getting a REALTOR® designation (CRS®, ABR®, GRI, etc.), King said.
- Expand your network with social networking. Reach out to Gen Y by tapping social networking sites (Facebook, MySpace, LinkedIn, etc.). Make managing all of your social networking sites easier by partnering up with someone else in your office – or your
assistant – and divide who will focus on which site, suggested Alexander Chaparro of Century 21 S.G.R. Inc. in Chicago. Chaparro focuses on Facebook and his partner makes sure they have a strong presence on MySpace.
- Use video, blogging, and podcasts to expand your reach. Technology has made developing virtual open houses even easier: Spend as little as $100 for a video camera and then post your video on YouTube so prospects can actually see listings, Chaparro said. Video podcasts allow clients to hear and see you and allows you to relay information in new and more interactive ways.
- Host culturally themed events. Reach out to prospects of different cultures and foreign buyers by throwing a cultural appreciation party and serving food from your past clients’ countries of origins, said YPN chair Heidi Fore, CRS®, of Keller Williams Realty-East in Louisville, Ky. Or hold a Cuban salsa dance class or a monthly wine-and-cheese party, choosing a different country to focus on each month.
- Brand your advertising to show your appreciation of other cultures. Fore each year offers her three-month guide to Louisville's Oktoberfest celebrations on a front of a postcard and then includes her listings on the back.
- Use your Web site to reach out across cultures. For example, Fore lists ethnic restaurants on her Web site and blogs about her favorites. She also has a travel site catered to clients who are relocating to Louisville. Users can schedule an appointment with her to view listings and even book a flight and hotel.
What are some of your best marketing ideas for reaching out to different generations and cultures? Also, an interesting question came up during the YPN session, and we want to know your thoughts: Do you think one social networking site is more effective than others for generating business (e.g. Facebook, Myspace, LinkedIn, Twitter, etc.)?



Comments
What a great attendance we had at the NAR Conference in Washington! It's so exciting to meet other young Realtors from around the country and share ideas. I'm already looking forward to the YPN events in Orlando!!!
Posted by: Heidi Fore | May 15, 2008 10:07 AM