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Realtor Marketing Plan: Knocking Off Your Competitor

When you are a professional realtor, it is important that you create a high quality realtor marketing plan that will help you guide your business all year round. When you do not plan for your business, it is expected that you will fail big time and that will be a bad experience for you.

This are the steps on how to create your own marketing plan

o First of all, you have to know what is your product or services? What makes your product and services special? Do you know who your customers are and what do they want?

o It is important that you know that your plan is specific and measurable. This is the reason why you should come up with a solid budget as well.

o Be sure that you do market research on the number of houses as well as how many houses that were sold in the last year. If you know how many agent are in the market, this will give you a better understanding on what you need to overcome.

o Now that you have your budget, you have to break it into areas which includes mailing costs, advertising, open houses and even gifts.

o Ask yourself what are the different marketing strategies that have worked last year.

o Know what are your target market, whether geographical, retirees, first time buyers, etc.

o Always be sure that you have a mission statement.

o What are some niches that you can take advantage off?

o Search for other marketing strategies that you can take advantage that you know will work the current year.

o Be sure that you send out a press release from any local newspaper.

o Research about your competitor and try to learn about their successes and their mistakes.

There are a lot of things that you can do for you to develop a realtor marketing plan all you have to do is to know your business and what you can do to become successful. It is highly important that you know the ins and outs of the business especially the short sales as most of the tops agents in the business are handling and process short sales.

At the end of the day, you will realize that you have to expand your business and that your profits will increase and lastly your customers will be loyal to your business.
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