Search Results for: 2011
Caught the following story this morning and instantly thought partnership opportunity. Could our industry reach out to car makers as a way to supplement retrofitting charging stations into our communities. Is it worth it for them? I can’t imagine it not being worth it for us?
The Time is Now
Understanding that the time is now but the need for mass external charging stations is down the road – have you given any thought to residents or prospects that buy cars that run on electricity? Think about it before you are forced to hand out lease violations for the safety hazards caused by an over abundance of orange extension cords draped through your hallways or cascading out of windows or garages. Education and foresight is being exercised by Chevy – the makers of Volt.
Buyers will not be “pre-qualified,” insisted DiSalle. An apartment dweller with no access to charging can buy a Volt, but the company wants to ensure that the person is asked “a series of questions” that educates them on how “to get full value out of the car.”
While 2010 has been the year of dipping more than just your toe in the SM waters – it looks like 2011 will be a year where mass adoption might be a more appropriate description as it relates to small business taking the plunge.
As it pertains to Apartment Marketing – I would say the trend is in concert.
When I started blogging in 2003 there were very few Multifamily types in the space – today, it seems like everyone has a blog and Twitter is a near household name. We were also early adopters of MySpace as a way to market apartments [back then we were still in post your floor plans, features and benefits mode].
Apartment Facebook Marketing
At the time, I recall seeing very few people participating in that space – today Facebook rules and the masses are adopting the platform as a way to market. [As an industry we still have to work on setting it up via FBs TOS]. Nonetheless adoption is happening and now the dollars are flowing that way as demonstrated by the stats below. All that being said, I still think it is interesting to see newspaper with such a high mark -That is not to mention that five out of the seven spends are print media related…
Enjoy the stats – would love to hear your thoughts and I hope the balance of your week is compelling!
Forty-two percent of small-business owners are likely to spend more on marketing and advertising this year, according to the latest FedEx Office Signs of the Times national small-business survey. So where will most of their money go?
* Improving online presence (46 percent)
* Print materials/newsletters/direct mail (44 percent)
* Brochures (43 percent)
* Yellow Pages listings (39 percent)
* Fliers and signs/banners/posters (37 percent each)
* Social networking sites (36 percent)
* Newspaper advertisements (32 percent)
What is the difference that makes a difference when it comes to your multifamily management brand? The standard textbook answer might include words like awareness, trust, regard or esteem. Settle there however and you miss the key ingredient. Energy.
It’s All About Energy
John Gerzema and Ed Lebar discuss energy and what it means to a brand in their book: The Brand Bubble. In chapter two they use a poignant quote from Woody Allen’s Annie Hall to set the stage for the difference that energy makes to a brand “A relationship, I think, is like a shark. It has to constantly move forward or it dies. And what I think we got on our hands is a dead shark.”
Why is Energy Important
Any great brand must keep moving forward in order to remain relevant in the hearts of consumers and it takes energy to do that. The advent of the Internet coupled with the development of social mediums have made staples like; awareness, trust, regard and esteem simply the price of admission. Even then trust in brands has declined 50%, according to John who is the Chief Insights Officer at Young and Rubicam. Simply put, the reason energy is so important is that it boosts differentiation. People are tired and they are looking for stuff and things that pick them up and keep them vibrant. Brands that fill that void by staying fresh and relevant will win the lions share of loyalty in consumers – if there is such a thing anymore. Those who don’t will die like the shark that flips his fins for the last time.
What Can You do to Create Energy
You can dig deeper into the lives of your prospects and residents. Let’s step out of our industry and look at an example of this. Frito Lay dug in and found that the bulk of their consumers had more money on the first of the month than they did at the end of the month. Armed with that information, they decided to sell bigger packs during that time and scale back to smaller packs during the middle days of the month.
Could we maximize our brand building efforts on the same theory? Could we convince major ILS’s to allow us to scale ads up and down relative to the ebbs and flows of the prospect’s pocket book? How about the ebbs and flows of their search habits? Could we then provide relevancy and vibrancy on their terms and relevant to their emotions?
Energy is the difference that makes a difference for your multifamily management brand – what are you doing to create it?
Update: [6.22.9] Seth provides a great concept on creating energy…Circling the big domino
Relative to the last post, this is what I got. Let me know if I am missing something.
———- Forwarded message ———- From: AIMCO – National
Mike Brewer, Your AptCast Has Been Updated
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Below is an email I received from Eric over at Urbane Apartments
Above is a shot of one of their actual communities. I really like the way they
have used the blues to accent the buildings and to create somewhat of a brand.
You are right on target with the LED Lighting in your recent blog. We have
been using LED Lighting, specifically the blue color at Urbane Apartments as
an Exterior Enhancement to the buildings when we rehab and reposition the
asset. They are not expensive and are economical to operate, and they have
become a marketing icon for us. The buildings really stand out at night. Our
residents are somewhat nocturnal anyway, out late and really notice those
kind details on the building. They may not be for every resident profile,
but the twenty and thirty something really seem to like them. I have
attached a couple of pics for reference
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