N5R: How To Sell Real Estate In A Changing Market

Posted by Roman Bodnarchuk on Nov 4, 2014 12:00:00 PM

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n5r-logo21-3 How To Sell Real Estate In A Changing Market


The world is changing. Just think about the tragedy that happened at the Boston Marathon, April 15th, 2013. This impacts all of us, every day, in terms of how we sell. September 11th, 2001, for example, completely changed business.

Change your conversation

In resort real estate, we were selling about $1 billion a year, but to keep this up our conversations immediately had to change. We never talked about investment after that.

Talk about lifestyle, not investment

Instead it was about lifestyle and quality of life. Still, for many years we watched the US real estate market fall every single month. How do you sell in that environment? You talk about pride of ownership. It’s about the clients’ home. It’s about their family. It’s about the greatest moments of their life.

Learn more from my book

The Million Dollar Minute – The Secrets of how we sold 367 Condos in 90 Minutes, and how You can too!

DOWNLOAD THE FIRST TWO CHAPTERS FOR FREE

For more blogs on this topic:  http://www.n5r.com/condo-mastery-Increase-Condo-sales

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Topics: inbound marketing, investment, market, real estate, marketing, investment in real estate, condo development, marketing agency, resort marketing

Marketing Start-up Success Story: Backstreet Boys (Clone)

Posted by Roman Bodnarchuk on Nov 3, 2014 2:20:00 PM

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Marketing Start-up Success Story: Backstreet Boys

This success story was initiated by a man named Lou Pearlman.

Starting the Boy Band

When I first met Lou he was a very successful entrepreneur.

He made his money on Goodyear blimps and owned a publicly traded company, but his vision was to start a boy band. I didn’t understand why a person would go from owning a publicly traded company to wanting to start a boy band, but he had his reasons. His cousin was Art Garfunkel from Simon and Garfunkel and he had always been very envious of him. He had more money than his cousin, but Art always had way better parties.

What was the motivation?

It’s an interesting motivation, but sometimes your buyers have unusual motivations too. Sometimes we think they’re concerned about price, or quality, but it’s really about something else. For Lou Pearlman, the motivation was jealousy, and because of it, he created a little band called the Backstreet Boys. He was in Orlando, Florida, which was a great place to start. Disney was there, and along with it lots of kids. Lou had never been in the music industry, but he was a brilliant businessman, and when I walked into his office he had plenty of charts and graphs already set up. He really educated me on how you make money in the music business. He knew that, from a business perspective, in order to become successful, he had to create a band that teenage girls would embrace.

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Courtesy: instagram.com/backstreetboys

Understanding the teenage girl persona

This was back in the early ‘90s when the Internet was just catching wind. There wasn’t any high-speed Internet. It was very basic, almost unrecognizable to what we have today. But there were news groups and chat groups, and Lou knew that these teenage girls would embrace an Internet campaign because they were already using them. Teenage girls figured out news groups and chat groups before anyone else.

Marketing to teenage girls with direct messaging

So we started an online promotion through these groups, just like you would with LinkedIn and Facebook today, and we confirmed what Lou already knew, that people who used news and chat groups were interested in music. From them we were able to create a database of 3.5 million teenage girls around the world. We did this country-by-country with an automated email system.

Capturing detailed data from the registration site

When a teenage girl registered with our site, backstreetboys.com, we were able send them an email that was very relevant to them. For instance, one of the questions we asked during the registration was, “Who is your favourite band member?” If they said AJ, they would only receive emails that would come from AJ. If, for example, we knew that you lived in Berlin, we only messaged you when we knew the band was going to be putting on a concert in Berlin. If we were putting on a show in a Berlin shopping mall, we would email every teenage girl in our database who lived in Berlin, and that email would come from her favourite band member.

Personalized email messages

The email would be short and sweet. It would simply say, “Hey, I’m arriving on American Airlines flight number,” whatever the flight number was, “in Terminal 3. I’d love to see you. Can you meet me?”

On average every girl that we emailed would forward it to 40 other people. We managed to create riots at these airports, even though the Backstreet Boys had never sold an album.

Launch Marketing and creating demand

It was all about launch marketing and creating demand. At the time we had to figure out who all of the media were, who were the local radio stations and who the local TV stations were in each city. Remember what life was like before Google? We actually had to call around in order to find that information.

The media would show up with their cameras. They usually couldn’t tell what was going on, but they could see all these screaming teenage girls. The boys would walk off the plane and it would look like the Beatles had arrived. All of a sudden they were getting front-page cover stories and news segments.

Staying connected with timely personal messaging

The day after such an event another email would automatically be sent to all those girls from AJ, apologising and saying, “Sorry I didn’t get to talk to you. There were so many people. It was crazy. But would you be so kind as to call your favourite radio station and ask them to play our song?” That was how we got a number one song in every market we went into.

Incremental growth of demand and merchandise

Three weeks later, we’d come back and book a small venue and we’d sell that out. Three months after that, we’d come back and sell out a bigger venue. We created a system for sales and were able to do over $1 billion in merchandise sales.

You can do it too!

All of this was about using the latest available technology, creating a database, creating relevant communication and building brands.

Learn more from my book: "Millon Dollar Minute" 

DOWNLOAD THE FIRST TWO CHAPTERS FOR FREE

More blogs llike this one: http://www.n5r.com/blog/surprising-insight-of-marketing-campaigns

N5R.ai

North America's Leading HubSpot AI Agency

AI Strategy • HubSpot AI • Agent Architecture • AI Transformation
N5R.aiWisdomClone.ai10X AI NewsStrategic AI Coach

Ready to Become AI-First?

N5R.ai is North America's #1 HubSpot AI Agency.

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Topics: inbound marketing, campaign, advertising on socialmedia, backstreet boys, 2014

INBOUND MARKETING 101: MAKE EVERYTHING TRACKABLE IN REAL TIME

Posted by Roman Bodnarchuk on Sep 30, 2014 6:16:38 PM

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HOW TO MAKE LEADS TRACKABLE IN REAL TIME

In a changing world, we are always looking for a new way to find out more and more about the customer and to develop new leads. Many marketers still have an outdated way of thinking, planning, and developing their marketing plans.

THE GOAL: to successfully be able to track leads and gather useful, accurate data about your prospects.

BUT HOW DO YOU DO THAT?

First, and perhaps one of the most useful tips is to focus your budget. Write down what you expect your cost-per-lead to be. 

simple enough right? But by tracking information you can produce real-results. 

We also already know prospects have an on demand mentality, want real time customer service and want the bar raised when it comes to condo expectations.

So how do you land a sale with the bar raised so high? Use your resources! There are so many different software programs, websites and different technology dedicated to building and finding out more about leads that will help you land that precious sale. 

                                 Roman Bodnarchuk's "It’s Not The Market. It’s Your AI Marketing."

YOU CAN FIND OUT MORE ON TRACKING LEADS, AND NAMES OF USEFUL SOFTWARE BY DOWNLOADING A FREE CHAPTER OF ROMAN BODNARCHUK'S - "IT'S NOT THE MARKETING, IT'S YOUR MARKET" AT N5R.COM, WITH THE OPTION TO PURCHASE. 

 

N5R.ai

North America's Leading HubSpot AI Agency

AI Strategy • HubSpot AI • Agent Architecture • AI Transformation
N5R.aiWisdomClone.ai10X AI NewsStrategic AI Coach

Ready to Become AI-First?

N5R.ai is North America's #1 HubSpot AI Agency.

Book Your Free 15-Min AI Strategy Session

Topics: inbound marketing, Condo Blog, Marketers, market, condo sales, Top condo sales trainers, Best condo adverting agency, Award winning condo marketing, Top project management firm for condos, Best condo sales agency