Personal Branding: It Matters for Real Estate ProfessionalsBy Tina Lapp
Branding is a hot issue for professionals of all kinds, and real estate companies are no exception. Establishing a brand is seen as synonymous with establishing a reputation and a “face” for your company. This allows companies to promote their message and reach out to customers on a more personal basis.
But what about branding for real estate agents, rather than just the agencies? Should an agent focus on a personal brand as well as a company brand? And does it really make a difference? Real estate company branding The number of real estate companies and individual agents rises and falls with the market. But recent estimates by the US Census Bureau of how many real estate agencies are operating within the US suggest over 86,000 all told; meanwhile, the National Association of REALTORS® listed 1.3 million-member REALTORS® in the States in 2017, which was up 6% from the previous year. With that wide gap between companies and individual agents, it makes sense to compare branding strategies for each. After all, branding is important no matter who you are! Real estate agencies or companies are generally focused on the overall approach, often featuring the areas in which they provide services as a significant portion of the brand. They may also focus on the type of services they provide, such as working exclusively with commercial real estate or promoting a “family” brand that provides families with viable homes. Branding is important for a company, both to spread their message and appeal to customers, as well as to boost name recognition in and out of the area. Branding includes visuals, personality, customer service, social media, official websites, and every other point of contact between the company and the client. Because real estate agencies often employ several agents, they are usually able to have multiple areas of specialty, and those are usually also included in company branding. Personal branding for agents On the other hand, a personal brand for a real estate professional may be somewhat more limited. A personal brand will also reflect the agent’s area of specialty. And it provides a great opportunity to build a personality for the agent, separate from the company. At the same time, personal branding should not clash with or distract from the overall company branding. Of course, if a real estate professional is an independent agent, not working with a larger company, that’s less of a concern. Why branding matters Branding is important for all businesses and individuals because it creates a connection with the potential client. In the case of a real estate agent, it’s a vital part of communicating with your audience. A personal brand allows the agent to:
How to brand As we mentioned earlier in this article, branding includes everything from visuals and graphics to customer service. Some of the more immediate ways to establish your personal brand include:
Of course, marketing your brand and getting your name out there to your customers is a vital part of building your brand. The more time and attention you put into creating and marketing your brand, the faster your business will grow — whether you’re an independent or working with an agency. One of the chief reasons to promote your personal brand, of course, is to make sure that you stand out from the crowd. As we mentioned, statistics indicate that there are well over a million real estate agents working in the United States alone. And that number fluctuates up and down as the market gets progressively better or worse. So standing out from all the others is absolutely necessary to keep your business going! Regardless of whether you’re working on your own or in conjunction with an agency and other agents, it’s obvious that personal branding can make a huge difference in the success of your real estate venture. For more information, visit www.colibrirealestate.com. Tina Lapp is head of customer experience and instruction for Colibri Real Estate. With nearly 30 years of professional education experience in the real estate sector, Lapp empowers aspiring and seasoned professionals to thrive in their careers. Lapp was inducted into the RISMedia Newsmakers Hall of Fame in 2022. |
Today's Top Stories |