Apartment Marketing Ideas
Sacred Cows in the Apartment Business
I read a line the other day that I really liked’ “Sacred cows make the best hamburgers.” It got me thinking about stuff and things in the apartment space that just need to go. It’s that whole – “we have always done it that way.” mentality. Here is a good story that illustrates the point as well –
Because we have always done it that way
Sarah was excited about helping her mother prepare Thanksgiving dinner. She watched as her mother cut both both ends off the ham before putting it in the pan and then into the oven.
“Mom, why did you cut off both ends of the ham?” Sarah asked.
“That’s the way my mother always did it, so that’s how I do it.” said Sarah’s mother.
“But why?”
“I don’t know. You should ask your grandmother. “
Sarah walked out of the kitchen to find her grandmother. “Grandma, when you prepared ham for baking, why did you always cut off both ends?”
“That’s what my mother always did it,” said Sarah’s grandmother.
“But why?”
“I don’t know why. She taught me to cook and I have always done as she did.”
Sarah was even more perplexed by this. She found her great-grandmother in the living room and asked her. “Great Grandma, when you prepared ham for baking, you always cut off both ends. Grandma and Mom do the same thing but couldn’t tell me why. They said they do as you did. So I’m wondering, why did you cut the ends off?”
“Well,” Great-grandma said, “when your great grandpa and I were young, we only had one pan and the pan was too small.”
Which sacred cows will you turn in the hamburgers in 2010
You can focus on every area of your business from apartment marketing ideas to the way you log a service request – from curb appeal to preventive maintenance for your fitness center equipment.
Two areas I would like to focus on in 2010 are:
1. Paperless lease transactions that include signature pads much like you would see at any retail location
2. Further automating our AP process –
Sacred cows that will no doubt taste good in the way of freeing up some time to focus on re-imagining our constituents experience.
Which SCs are you prepping to grill in 2010?
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Apartment Marketing Ideas for 2010 and Beyond
I like what Seth has to say about the coming decade –
Change: The infrastructure of massive connection is now real. People around the world have cell phones. The first internet generation is old enough to spend money, go to work and build companies. Industries are being built every day (and old ones are fading). The revolution is in full swing, and an entire generation is eager to change everything because of it. Hint: it won’t look like the last one with a few bells and whistles added.
The accelerating pace of change in the apartment marketing space has been in full swing for nearly the whole of the last decade. It may have seemed slow to some and not fast enough to others but one thing can not be argued – it has changed. And, the coming decade will no doubt bring some crazy amazing uber-cool things to the apartment space.
Apartment Marketing Ideas
Don’t think of this list as another prediction or trends of the coming decade list as it is just some off the top of my head thoughts – some short term some long term and in no particular order and with no premise:
- It’s all marketing all the time – will take on a whole new meaning
- It’s not all about heads in beds as giving back un-publicly will take on some level of importance [some will no doubt exploit this publicly]
- The continued adoption of platforms like Facebook and Twitter will no doubt accelerate –
- Platforms like Foursquare will gain traction –
- User reviews will be a common element of your website –
- Blogs will finally catch real traction and, in my opinion – it doesn’t matter what the content is about as long as it is compelling and adds value – it will be your hub as it relates to the conveyor belt theory of marketing
- Monetize everything will no doubt be an operating aim for many – I think it’s the quickest way to kill your advocates – think long and hard about this one before you make a move –
- Participation will become the key initiative across platforms – look for experience marketing with heavy entertainment themes as a way to gain followers –
- Craigslist as it relates to marketing apartments will be mashed up beyond recognition and it will be compelling, automatic and anticipatory –
- Print will hang on for a bit but will look far different than it does today –
- ILSs will experience massive disruption as a result of crazy good UGC and dare I say Google – might want to think about becoming experience marketing creationists
- Employees will demand participation be a part of their job descriptions –
- Gen Y will serve Gen Y – this will be massively cool and massively frustrating for those who don’t embrace it –
- So called gurus and experts will pop up everywhere – I encourage you to become your own guru or expert [the tools are accessible to everyone, they are free and they are easy to use] –
- A/P and A/R will become 100% digital –
- Paperless offices will happen –
- True help yourself leasing will happen –
- Apartment mechanical systems will self diagnose, check your inventory, order part or replacement if necessary, schedule maintenance and notify residents all along the way –
Just some back of the napkin stuff here – no doubt there is so much more. I will be back to update often
Have a famous new year and I look forward to participating in denting the multifamily universe
M
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What Matters Now In the Apartment Space
Seth has a new ebook out that I am sure is set to rock! I have admittedly only read about fifteen pages of the more than eighty pages. In that short space I was compelled to share it here.
As I read more – I will come back and update this post as it relates to the apartment space but for now – enjoy.
From Seth’s blog: What Matters Now “I hope a new ebook I’ve organized will get you started on that path. It took months, but I think you’ll find it worth it the effort.”
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Can you call it engagement if you buy it?
At the risk of sounding cynical – Engagement? Really? Over the last day or so I have read a number of news posts, blogs and comments that suggest this is what engagement looks like. I think it would be more well stated to suggest this is what manufactured engagement looks like. Even then – I can’t wrap my head around this campaign as it relates to the word engagement.
I agree with @TamiMcCarthy –
“@mbrewer Check out the link I re-tweeted to the IKEA Facebook campaign. Brilliant buzz marketing.”
This is just that – brilliant buzz marketing. That being said, introducing the notion of being the first to tag the photo of a product and win it tosses engagement out the window for me. It crosses the threshold of authentic. In terms of risk/reward – the upside was to good to pass up. I believe true engagement is when people of influence [Evangelist] share for no reason other than they really like the experience.
In the way of apartment marketing, I think I could achieve a similar result if I filled an apartment full of furniture and suggested the potential fans be the first to tag the items to win them. Moreover, I could give away free rent for a year for the first person that tagged a photo of a vacant. And, hey maybe I throw in a second set of products [furniture] to that winner. Buzz!!!! Love this idea – think it is time to propose it as a way to kick off a Mills Properties Facebook Fan Page [Fan building campaign]. But engagement? Not so much – not in my book anyway. You can’t purchase real engagement.
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Huge and Compelling Opportunity to Win an Influencer
I think this story in the Daily Egyptian has compelling opportunity written all over it – we shall see.
*Now one might argue that it is inappropriate for me to highlight such an article and they may be right. The way I see it, however, is that I would invite the same approach if the tables were turned. I see it as an opportunity for everyone involved to get better. I see it as an opportunity for the end user to yield a better experience the next time around – be it with this community and or any other in the market. And, I see it as an opportunity to start some conversation.
The article, from the Universities daily rag, speaks to a slight hiccup in the move experience of several local university students. Here is a short excerpt:
“But Thibodeaux said when she moved into one of the brand-new, fully-furnished apartments on July 31, not only were none of those amenities available, but some essentials such as room doorknobs weren’t installed. She and other renters were also promised a private bus to and from campus, a state-of-the-art exercise room and a swimming pool with a hot tub, none of which were available when residents moved in, she said.”
I feel for the both the developer and the residents of the community as I am sure the hopes were high on both sides. I am certain the developer did not predict the dire reality of today’s economy. And, the future residents were high on the thought of living in a brand new community located right down the street from the campus. The thing I applaud most about this is the courage of one person to stand up and be heard. I can only imagine what would come of this is Thibodeaux were to really exercise the power of social media. I also feel for the on- site team as evidenced by the following;
“Thibodeaux said she was told to “stop complaining” and to “get over it” when she spoke with Walker about the various issues.”
In all fairness I have to put myself in the shoes of Walker – I imagine she had the same utopia that students had – she would be working on the newest and nicest community in town and when that vision did not come to fruition she was left to do the explaining. A tough job under any circumstance.
Despite the less than wonderful circumstance, I do think there is a win in here for all parties. If able minds from the developer to the operators to the residents come to the table – this story could have a happy ending. And, if it does it would be cool to see Thibodeaux along with others become huge evangelist for the community.
*This new community is just blocks away from a property I manage…
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