Out to Put a Dent in the Multifamily Universe

Selling – One for All Apartment Professionals

Master Key Apartment Marketing Selling

Apartment friends and family, it is no secret that selling starts with the ability to love yourself. If you don’t love yourself then you haven’t the slightest chance of getting anyone to love you back. And, in my head, getting people to fall in love with you first and your content second is the master-key to riches when it comes to selling.

Master Key to Riches in Four StepsMaster Key Apartment Marketing Selling

1. Love your heart [Read: Stay away from those that would bring you down. And, get real close to those who amp you up].

2. Love your mind [Read: Think well enough of yourself to read literature that makes you think deeply. Talk to people who challenge your intellect and blow you away].

3. Love your body [Read: Eat well and exercise regularly].

4. Love your soul [Read: Find purpose. Find meaning. Find mindfulness. Find that deeper meaning that amps you. Find that deeper meaning that gives cause for you to wake without the aid of an alarm despite the early hour. Find that thing that keeps you on task and in motion despite any and all setbacks].

Bonus Step: Get clear on the definition of riches. Hint: It has nothing to do with money.

Your – in constant practice of the four steps – multifamily maniac,

M

 

Apartment Marketing: Real or Just Great Storytelling?

In all fairness, I have not taken the time to view an episode of the show Ghost Adventures . In face I just learned about it this past Thursday when Mary Korte of Mills Neighborhood Blog fame wrote it. It immediately got me thinking about the topic of storytelling, the following quote being the real catalyst;

Zak, Nick, and Aaron go to some of the scariest places to try and get answers and information about the people who used to inhabit the spaces.  These guys aren’t your average investigators.  They are not afraid to go places where other paranormal investigators refuse to tread.  From apparitions to demons, these guys find it all!

Real or Just Great Storytelling

First, let’s give Zak, Nick and Aaron props for profitting on one of the most fundamental emotions that makes the world go around – fear. It’s well know that we are motivated by the pursuit of pleasure or the quest to avoid pain and fear plays a major roll in that. Can we profit off the back of fear like these three and all associated with their show have so brilliantly done?

Let’s face it, we humans have been scarying the hell out of each other from the beginning of time. You read about it in every kind of fiction and non-fiction. You hear the folktales and hear the creepy stories while sitting around the campfires we stoke up with every single passing summer. It’s just plain fun. Persoanlly speaking, I get a real charge out of scaring my kids into a frenzy through stories and outright hide and seek styled shockfests. And, they love it too. Ok, after they get over the initial reactions. But, do they belive it? Na – they just think I am a fun dad. And, good chance they will carry on the tradition with their kids.

Lesson for Apartment Marketing? 

Is there a chance we could sell more apartments by scaring the wits out of the people that walk in our front doors? Not likely, but we may be able to calm the fears they have of renting a new home. Espcically, those that have been burned in the past by bad service, bad attitudes and bad storytelling.

Everything is marketing and storytelling is the vehicle that moves people to action.

What is our lesson? Glean what you can from Zak, Nick and Aaron in the way of storytelling. Make their tactics and strategies your own. Add a dose of personality. Entertain the people that choose to live in your apartment communities. Consider your office the theater, your desk, tour route and display apartment the stage and you are the main character. Act accordingly and tell some mind blowing stories.

Game on -

Your – beliving not in ghosts but rather the power of storytelling – multifamily maniac,

M

What Apartment Marketing is Not

What Multifamily Marketing is Not

Apartment marketing is not thinking about every person as a renter or a renewal -

Apartment marketing is not about viewing people in the context of residing in your apartment communities -

Apartment marketing is not about getting people to celebrate you through a; Like, G+, Tweet, RT or the such -

Apartment marketing is not about broadcasting the right message at precisely the right to the right influencers -

What you’re saying in all of this is that people mean nothing to you. And, when they don’t respond you just don’t understand why….

Your thinking people-centric multifamily manic,

M

 

Fill Your Marketing Balloons With More Than Air

marketingI was recently given the privelege to co-moderate a brainstorming session on the topic of marketing. The session was held for members of the apartment management industry at various stages in their careers, from leasing agents who have been in the industry for 2 months to  property managers with 10 years of experience. My topic was old school marketing. Old school referring to anything not social media. More specifically, tools such as resident retention, outreach marketing, Craigslist, etc. The idea was to get creative juices flowing, discuss what’s working, what’s not working and maybe learn a few things to take back to the rest of the team.

I was surprised by the lack of marketing knowledge…and for that matter, the lack of creativity. I heard the same 3 “best practices” from a majority of the groups: Generic signs and balloons for drive by traffic, generic Craiglist ads and monetary resident referral incentives. I heard questions like: ”What do you say when you’re marketing to a business?” and “It’s ok to send thank you cards and gift baskets to businesses who refer someone to you?” Leasing agents and PMs who had no knowledge of free additional ILS marketing template tools like VFlyer and Postlets, who had never thought past posting a flyer with a resident referral rent credit in terms of using residents as a marketing tool, and those are just building blocks. It’s as if they were told that marketing is something only a rocket scientist can figure out.

First let me say I’m not exactly saying the 3 best practice items listed above are crap, I’m simply saying that they shouldn’t be IT.  Also, I’m in love with social media and believe it’s an insanely valuable tool, however 1. It was not my topic to discuss and 2. I also think that personal touch and those face to face human interactions through outreach marketing and resident appreciation events are valuable, and combining the 2 forms is fabulous! (Read Urbane Media’s QR Codes blog). But I’m not sure I believe you can be effective with social media if you don’t even know the basics of effective old school marketing tools. And if no one is teaching or motivating their team on the basics of marketing, then I doubt that there is any social media marketing in place anyway.

So I guess what I’d like to learn from this eye opening experience is: Am I way off base in believing that some old school marketing techniques are still a valuable tool in the industry? Is someone teaching your staff about marketing? Do you believe that one can effectively use social media tools without ever having learned/practiced old school marketing strategies?

Title courtesy of Melissa DeCicco

Photo credit bloggingoutloud

#apartmentmarketing: Clarity

Apartment Marketing Clarity

Clarity trumps persuasion. – Dr. Flint McGlaughlin

I have written about the subjects of brevity and clarity on a number of occasions. The concept came to me from a senior leader at Equity Residential some years ago and has stuck with me ever since. At the time I had the propensity to provide reports that were beyond the time necessary to digest them and I had the knack of going on and on in my descriptions of strategies and results. That is despite all the customary body language queues that would have guided me otherwise; had I been paying attention to them.

Principle: Brevity and Clarity

When thinking about apartment marketing, exercise the principle of brevity and clarity in your print ad copy, website copy, brochure offerings [if you still do this sort of thing], Facebook posting, blog posting and the such.

It’s not sage or unique advice but nevertheless a good reminder; we live in an attention economy. As such, we have to be compelling in our remarks and mindful of the clarity in our brevity.

 

Good or Bad Strategy: Kenneth Cole

Kenneth Cole

I really like the Kenneth Cole brand and have been for a long time. There was a stretch of six years where I purchased the same black KC Reaction dress shoes because they were perfect. As of late they shifted a piece of their marketing strategy to include some real hot bed social issues -

 

 

 

I am even more intrigued with their brand as a result…

How about you? Good? Bad? Indifferent?

 

Tell Them How Much You are Moved by the Neighborhood

images

imagesDon’t tell prospects and residents how much your apartments are – tell them how much you are moved by the neighborhood.

 

velTell them about waking up on a crisp fall morning and taking a run in Forest Park just one block over from your apartment. Tell them about stopping back by Velocity Coffee Shop to have a cup of coffee – served by a friendly Barista named Tracy who rarely smiles but wants to. Tell them about the free copies of the New York Times, Wall Street Journal and the St. Louis Dispatch. Tell them about the free wifi. And, oh – it’s a bike shop too with cool bike motif everywhere. The bathroom even has a cool chalkboard where you once drew a giant dragon that looked as if it were eating the giant flower someone else drew.

Tell them about Papa John’s pizza and Subway at the end of the block where Tony and Charles remember your name and serve you with a smile. Tell them about Atlas Restaurant located in the heart of the neighborhood and the amazing food and desserts that they serve. Tell them about The Loop and The Central West End [very cool Saint Louis neighborhood hangouts] being just one mile away and don’t forget to mention the friendly cab driver resident who will drive you over while entertaining you with great conversation. Tell them about all the fun nights you had in those neighborhoods.

Tell them about Mr. and Mrs. Wang who own the dry cleaners right next door to Papa John’s and how they wash and fold clothes for $0.75 a pound. Tell them how much you love the fact that each Christmas they give your children big canisters of candy as a thank you for your business.

Tell them about the dog park even if you are not a pet lover – not even in the least.

If you haven’t figured it out yet, this is the neighborhood that I fell in love with in Saint Louis. Oh yeah, and I lived in a great apartment that overlooked a tree lined street that looks amazing in the fall.

Tell them with conviction how much you love the neighborhood the rest will fall right into place.

Purchasing feedback: I will pay you vs. I will give you something free

Apartment Influence

question-markRead the following tweet this morning [RT @[xyz] @[abc] Suggest that you give away a free Flip to every prospect/resident that creates a [management company] Experience Video, Beats  free rent] – it really got me thinking.

I have read both sides of this issue and have taken the position that if you disclose that you are paying for and or giving something away in exchange for an endorsement then frankly it’s okay. It really comes down to what is in the eye of the beholder.  And, I think, at the end of the day, if a person really wants a product/experience they will go and get it/have it despite the persons of influence in their lives. They may read and listen but if they want it – they want it, period.

My real point here is that the above tweet implies that it’s okay to give away a  Flip in exchange for an endorsement. Moreover it specifically states that it’s better than giving away free rent. On that point I ask: What’s the difference? – give away free rent or buy 20 Flips to give away – either way you hit the bottom line. Sure buying the Flip is cheaper and brings along a novelty that escaped the free rent give away long ago but it’s still an expense. It’s just a different form of currency. Marry it with a “you get the Flip free “if” you give me an endorsement and you have really marred the picture but I will leave that for future conversation.

For now – I really wonder what the community thinks – Is the Flip, used in this sense, a form of currency that could be construed as purchasing feedback? If so, is that okay? Would it pass a Yelp sniff test? Do you think the masses really care? Would you give equal stage to people who would speak conversely about your brand experience? Is it better than free rent? If so, why?

Rentwiki – The Classy Approach to Sales

I really enjoy the Rentwiki approach to sales. Below is an email they sent out on the eve of AIM – just classy if you ask me. Looking forward to meeting up with them.

Because a party should be a party w/o shop talk I’ve included a few bullet points below for your review.  You can expect me to not talk about work unless you truly want to.

RentWiki is a brand new Internet Listing Service that provides peer advice on where to live, social networking, and the latest and greatest in apartment advertising on the web.

  • WE upload all of your content for free; YouTube videos, any virtual tour, and unlimited photos and floor-plans
  • Facebook and Twitter integrated; bringing more content, connections, and social networks to your prospects allowing them to answer questions and give neighborhood advice so you don’t have to.
  • Free Widgets including Walk Score and contributed content sharing for your own corporate or property website

And you only pay $10 for every LEGIT renter lead.  That’s right… the least expensive cost per lead in the industry (you’ll pay $40+ per lead elsewhere)!! 

  • We review EVERY lead, eliminate the trash and duplicates, and only charge for the true legit renter lead
  • Why do we do this?  So you don’t have to!!  Our goal is to deliver quality not to inundate you with a ton of leads to filter through in order to find the legit ones.
  • Set your monthly lead limit, change it at any time you wish, and come and go as you please… WE HAVE NO CONTRACTS!

Anyway… looking forward to hanging out with you at The Lucky Strike on Thursday night from 7-10PM!!!!

Feel free to call w/ any questions!!!   Seriously… I love to talk about work but I know you wont at a party!!!!


Steve Wiley
WikiDirectorDudeman, National Sales
www.RentWiki.com/blog
http://twitter.com/WikiWiley
c: 404-771-7302
f:  770-458-2522
support:  877-458-2520  support@rentwiki.com
wiley@rentwiki.com

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Change the Game, a post by eric

What if we Changed the Game, Blow Up what we are currently doing!

Explosion

and turn the typical apartment web site on its head, and created an Experience Site, that acted and felt more like a Social Media Site and less like a apartment web site. A site that was so cool, hip and added value to the resident or potential resident, that looking at the available apartment was secondary to the experience of visiting, and participating in/on the site, and that we were able to evoke Emotion and Engagement with the resident/potential resident, so that when/if that potential visitor ever needed, wanted or otherwise was going to rent an apartment, they picked you without even considering the other guys, and you created Your Own Blue Ocean.