Mike Brewer
Twitter – the missing discussion
I saw this on Twitter this afternoon and it just seemed like a conversation that needs to take place.
What do you think?
@justinfarris: Managment who takes the personalization out of leasing is “REALLY” missing the boat! Fri 28 Nov 14:09 via TweetDeck
Which seemed to be a clear response to:
@Eric_Urbane: Meet one of our new Leasing Consultants, Sassy Miss Avatar. ApartmentVeteran Fri 28 Nov 13:14 via web
I think there is merit in both positions and I am very interested to see how this plays out for Eric and his team. I see the cleverness in the experience one might have with the medium but would have a hard time retorting against the position Justin has taken. I see people getting engaged in the avatar and not to digress but I see Sassy ending up MIA only to be found upon a move out inspection at some point in the future. Eric, you might want to anchor her down in some way.
I look forward to some worthy discussion on this one. M
Leasing Avatar, apartment marketing,
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Loyalty – 09′
We are all vulnerable to the current effects of the economic meltdown. Apartment communities across the nation will face some level of fallout from the situation, like it or not. From uber premium to boutique apartment communities, everyone will feel it. That is except for those who take real notice of the impending crises. Those who do will move to create an insanely and over the top focus on creating loyalty. And, not just any loyalty. It will be loyalty that rings to the core of the consumer you are trying to engage. My message here is this; you must act in the manner you wish to see in return. Loyalty is not about a card or even an incentive to pay your rent on time like I suggested a couple of posts ago. Loyalty is us, the operator, being loyal to our word as demonstated through our actions.
Inconsistency, lack of commitment or response are not an option in anything we do. We can’t waste our energies on fruitless activities or busy work. In the past we would could sit back and take orders as they came in the door. There was no need to give concern to the back door as our marketing efforts were producing enough volume for replacement. Advice: don’t be seduced by the idea that you can create enough volume to cover yourself. The world will deal you a very tough blow in 09′ if you believe that self talk.
In this new environment, the loyalty of the customer will be paramount to all that we do. The reason? It will become progressively more difficult to find replacement residents. Not impossible but definitely more difficult. That said loyalty should become the operating mantra for 09′. I would challenge every one of you to shoot for the moon in this respect.
We face a time where every community within a thousand mile radius of us will be offering some level of economic incentive to move in and many of your current residents will be inticed by that. Read: plan now.
Steve Yastrow in his book We: The Ideal Customer Relationship calls the economic incentive: transactional loyalty. He further suggests that it will add sales, leases in our case, to your competitors communities as well as ours if we choose to exercise it. But, it will leave you vulnerable.
The real loyality you are seeking is the loyalty to YOU. Be crazy and insanely passionate about the relationship aspect of this business. If you hate people, if you hate distraction, if you hate serving – get out now. Move on. Free up your own future before someone else does. 09′ is about relationship. Pause here: I know it’s always been about relationship but how many of us can say we truly and adamantly preach the mantra in our organizations? Truthfully? I stumble with it all the time. Especially when I am spent, tired and ready for the day to end.
Relationship will be huge for me in the way of blog posts this year – Huge! I hope to engage in some crazy amazing conversations around the subject and look forward to it with an open mind.
M
Loyalty, Customer engagement, Customer loyalty
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Wouldn’t it be cool if…
Mike Brewer · · 1 Comment
…there was an instant notification mechanism alerting us that a prospect was surfing around any one of our marketing avenues? If each one of those platforms notified us with a ping we could move to immediate engagement. It would be similar to a bell on your front door.
I know we have that in the way of prospects sending email for additional information but what if we could simply and in real time just thank them for stopping by and engage them in some productive conversation. Not sales jargon, like “I can help you.” or “What can we do for?” Is it invasive?
One might suggest that permission for engagement is not established in this concept, I would suggest that it is. Permission is established the second they hit your page and the ping goes off.
What do you think?
Real time engagement, Apartment Marketing, Multifamily Marketing
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Measuring the marketing impact of Social Media on your business
And for this, my 900th post on this blog;
I would liken the creation of a metric that truly captures the effectiveness of using social media platforms as a delivery mechanism for your marketing efforts to the follow;
At what speed are you traveling when you hit Saint Louis and at what time will you arrive in Dallas if you left at five in the morning on a Sunday driving on a road with seven inches of fresh powder on top of three inches of ice.
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Resident Loyality Programs
I am curious what we have going on out there as a community in terms of resident loyalty programs.
I ran across some advertisements today that got me thinking about the subject. I married it up with pay for performance and thought about the following.
On lease signing day what if we described a pay for performance metric that enticed residents to pay on time. That is a rewards based system that paid them a concession at the end of their lease term. For instance, for every month that they paid on time they received a $10 credit to use toward an extension of their lease term. That’s just one idea, the possibilities are endless.
What are some of the organic things that you are doing as an organization to create loyalty?
Resident Loyalty programs, apartment marketing, multifamily marketing
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