By David Krichmar
As I talk to newer REALTORS®, about 50 percent of them do not want to commit to a “niche” or area of expertise. “I sell anywhere so I do not want to commit to one area,” which is a valid point. But at the same time, every REALTOR® sells anywhere locally. So how do you separate yourself and get the phone to ring? Commit to an area of expertise. Here are my ideas on how to find your expertise:
1. Past Deals: You know from your past experience that you have dealt with certain types of deals. Have a majority of those deals been in a certain town? Maybe you have sold a larger number of condos? So you could market yourself as a condo expert.
2. Your Work Experience: Before you became a REALTOR® what did you do? If you worked for a new home builder, then your area of expertise is with new construction homes. Was marketing your prior career? If so, you can use that expertise when becoming a listing agent — marketing is such a huge part of being a listing agent. Most likely any past career you had, you can use that knowledge in your real estate career
3. Your Competition: This is the sneaky suggestion, but may be the best! Research your competition; is there a specific area of real estate that they are not focusing on? Eg. A specific neighborhood, folks downsizing, newly wed couples needing to buy a home, etc.
At first as a new REALTOR®, this topic can be very scary because you want to sell all Real Estate. But, in order to separate yourself, you must find an area of expertise to grow your business. Once you find your niche, get to work marketing your butt off.
Some marketing ideas are:
- Blog about the topic
- Farm to that area
- Have a catchy slogan that explains your area of expertise
Do not be afraid of your area of expertise. Love it and live it.
David Krichmar has been in the real estate business since age 19 and is currently a mortgage expert in Sugar Land, Texas. Connect with him at www.daveyourmortgageguy.com or @DaveMortgageGuy.