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Fill Your Marketing Balloons With More Than Air
I 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: Focus on the Needs
Remarkable social media content and great sales copy are pretty much the same – plain spoken words designed to focus on the needs of the reader, listener, or viewer. – Brian Clark
We have all been there – staring at a blank page waiting, wondering, wanting something brilliant to pop into our mind so we can dazzle the socks off of our constituents. And, it doesn’t come. Or, it comes in faster than you can get your fingers to move so once complete it seems all over the board and useful to no one. Worst of all we are not patient for things that come anon as it’s a yesterday economy…
Simple is better
Sometimes a little simple is a lot better. Robert Fulghum summed it up best in his book; All I really need to know I learned in kindergarten:
- Share everything.
- Play fair.
- Don’t hit people.
- Put things back where you found them.
- Clean up your own mess.
- Don’t take things that aren’t yours.
- Say you’re sorry when you hurt somebody.
- Wash your hands before you eat.
- Flush.
- Warm cookies and cold milk are good for you.
- Live a balanced life – learn some and think some and draw and paint and sing and dance and play and work every day some.
- Take a nap every afternoon.
- When you go out in the world, watch out for traffic, hold hands and stick together.
- Be aware of wonder. Remember the little seed in the Styrofoam cup: the roots go down and the plant goes up and nobody really knows how or why, but we are all like that.
- Goldfish and hamsters and white mice and even the little seed in the Styrofoam cup – they all die. So do we.
- And then remember the Dick-and-Jane books and the first word you learned – the biggest word of all – LOOK
Apartment Marketing: Rooftop Advertising with a Twist
A couple weeks ago I had an owner bring up the idea of roof top advertising in exchange for a much need roof repair. The property in question is a vintage sixties with many of the original mechanical systems still in place. That is to include a roof that has more than maxed out it’s useful life. It’s a capital intensive site given it’s age and lack of any major rehab over the years.
We squeezed one roof into the 2011 budget but now that it has come time to consider doing it; we have to get creative. Enter the idea. The property sits right in the path of outbound flights from the Saint Louis airport. That being the case; the owner suggested approaching big box retailers and or anyone else that would have an interest in sponsoring, in a sense, the roof replacement.
I’m certain it’s not a novel idea but it was novel to me in the sense of the trade exchange element. It goes beyond the traditional banner on rooftops that front busy arteries all over america. The type we purchase to push our lifestyle, specials and or availability. If done well, it could take a huge chunk of capital expense right out of our budget.
Cool or Cheesy?
Photo credit to: Advertising is Good for You
TYE – Mr. Apartment Resident; That’s Goes Against Our Policy
TYE is is short for The Thank You Economy
No – That’s Our Policy
Gary starts the book by telling a story about a guy who comes into his father’s wine store to redeem a coupon after the fact. The manager in the story quotes a strict interpretation of the coupon policy and sends the guy away empty handed. Gary recalls feeling, in his gut, that the guy was never going to come back to the store and let’s the manager know as much. He goes on to suggest that his gut was wrong about the guy returning but right about another thing.
Apartment Company Policy
The topic has been written about over and over, many times in our business we push our prospects and residents away over policy and procedure. I don’t have enough fingers and toes [even if I count my Facebook acquaintances] to count the number of times I have witnessed it over the past fifteen or so years I have been in the business. I can’t honor that, I can’t waive this, I can’t waive that. I know it’s your first month being late after twenty-three years of living here but late is late is late [Read with a good cheer in your voice]. The really good ones displace it on corporate; it’s a corporate thing! I wish I could help but corporate won’t let us do that.
Apartment Company Policy of tomorrow [Read: Today]
Understanding that Fair Housing plays a necessary and important role in our industry; the world of business has changed. Getting back to Gary’s Gut; the guy returned to the store to let them know he would never buy another thing from them – ever! We know the rest of the story [pre-social media and smart phones]; the man likely told ten of his best friends about his experience. And, so on and so forth.
Business has changed and we not only have to adapt but rather stay ahead of the competition and the human beings we do business with. One of the ways I try and stay ahead is reading books of all kinds and participating in our industries social spaces. And, believe me; I learn something everyday. The preface of Gary’s book reminded me of how being rigid and using strict interpretation turns customers away and unlike the guy in the story, many never return. And, today they pull out the social media bullets to get you back. Trust me, many of us, sad to say, deserve it…
I can’t wait to read the rest of the book and share some more thoughts. In the mean time; what have you learned in the short year of 11′ that speaks to the point of rigid policy and or procedure that turn customers away?
Property Management: Money Orders are a Necessary Evil
I am turning to our readers today for some feedback on process.
A lot of renter’s in our communities are one life circumstance away from total financial ruin up to and including losing their apartment. It has given cause for desperate behaviors such as sacrificing their electricity, gas, phone, cable etc. in order to make the rent. In other cases they use creative means such as robbing electricity via extension cords run to your common area outlets in hallways and laundry rooms. It’s amazing what you see out there anymore.
Now one could argue that life choices predicated on fulfilling wants over needs or necessities has contributed to a lot of this and in the same respect I think there an equal amount of people out there that make all the right decisions and still get hit with the downside of adversity.
Our residents are not the only ones faced with making the rent. Many of our employees are waging the same battle month after month. And, sometimes it leads to desperate actions.
That leads me to the premise for my question – money orders left blank by the prospective resident and or current residents paying rent are so very tempting in a desperate time of need. Can you share some of your processes with me as it relates to keeping good people honest. What do you do to keep integrity in the system on your bigger sites where you have six, eight or even ten people working an office and handling money. Specifically, what do you do to make sure these blank money order gems are not used as float to get by to the next pay period? How do you make sure that once an application is taken that it is processed in your property management software asap?
While they are a necessary evil – I have to believe there is a system of handling that keeps theft to a minimum.
Thank you in advance for your considerations and feedback.
Your ready for some economic prosperity friend,
M
