Myers Barnes Blog Articles

Tag: new home sale marketing


Take Two and Call Me

Posted by: Myers Barnes | Published: Oct, 12, 2010

A young man goes to a doctor, climbs up on the exam table and says, “Doctor, I don’t know what’s happened to me, but I have become a compulsive thief.”

The doctor gives him a thorough examination and finally says, “Here. Take two of these pills every day for two weeks. If you’re not cured by then, come back and bring me a 60-inch plasma TV.”

It’s time to break a bad habit. Stop giving home buyers discounts, incentives and wide-screen TVs.

I know. I know. Everyone’s doing it and it’s human nature to go with the flow … to match whatever your competition is offering in order to sell your homes; but you’re handicapped because you have no idea how low your competitors can go or how desperate they are.

Have they received an ultimatum from the bank? Are they forced to meet a take-down schedule? Do they have spec homes on the market that they must sell in six months? Is their company going into bankruptcy? Is there an urgency to get these homes off their books? Or do they simply want to sell the final two houses at whatever cost so they can move on to the next project?

You just don’t know. That’s why I say that your profit margins are only as good as your most desperate competitor. You have no idea what is motivating other builders to offer discounts and incentives, so don’t try to match them.

To quote Leonardo da Vinci, “He who can copy, can do.” Stop copying other builders. Do profit from their mistakes
.



Posted In: New Home Sales Training

Tags: , , , , , , , ,

Free Webinar – Crack the Code to +30% Close Ratios

Posted by: Myers Barnes | Published: Sep, 09, 2010

Are you ready to “crack the code” of +30% close ratios? Join myself and Mike Lyon for a Free Webinar compliments of Lasso Data Systems. We will explore proven techniques to get positive sales results regardless of the economy.

We will demonstrate how to make the successful connection between online marketing to onsite sales with a proven formula that is not only pragmatic and ‘doable’, our combination of people, process and technology delivers proven results. Time after time!

Register Now>>

When: Tuesday, September 21st
Who: Mike Lyon and Myers Barnes
Time: 1:00 p.m. EDT / 10:00 a.m. PDT
Duration: 1 hour

Learning Outcomes:

* Successful integration between online & offline sales
* Role of the Online Sales Counselor
* The transition to the Sales Team
* Define the lead follow-up process
* Master a paint-by-numbers sales process
* Double your conversion ratio

All webinar attendees will have a chance to win one of the following:

* Myers Barnes’ new book: New Home Sales in a Nutshell
* Mike Lyon’s new book: Social Media Guide to Real Estate
* A Lasso QuickSTART Sales Subscription (value $1,495)

Register Now>>



Posted In: New Home Sales

Tags: , , , , , , ,

Stop Talking To The Mirror!

Posted by: Myers Barnes | Published: Aug, 10, 2010

There are, depending on the size of your business, somewhere between 10 and 1,000 people who care enough about your company to offer free advice, insight, and the unfiltered truth directly to you. Each month you can ask these people anything about your business that you’d like to and get back a response rate of around 70%. Get ideas for new products, feedback on new ad concepts, or simply ask for their solution to your biggest problem. It sure beats talking to the mirror where all you get are predictable answers to your questions. Wait. There is a catch though – the cost. It’s anywhere between free and $599 a year.

This is what I call a customer advisory board, and you can have one in four easy steps.

1. Invite your customers to join
- For my home builder, I simply added one statement to the end of the survey that is filled out at the end of closing. It states “I would like to participate in the customer advisory board to give critical feedback on a variety of issues. I understand that I will only receive one survey per month, and that there will be rewards for involvement.” Over the past year and a half about 40% of those surveyed have opted-in.

2. Choose your survey tool
- I recommend either www.SurveyMonkey.com or www.Zoomerang.com. Survey Monkey offers a $200 per year unlimited use plan that is perfect for medium to large companies and remains light on the budget.

3. Create your survey
- Both sites mentioned offer What You See Is What You Get survey creation. If you can create a word document, then you’ll be creating surveys like a pro in no time. Get creative and ask questions that help you solve problems for yourself and others in your company! You won’t believe the looks you’ll get when in the meeting of a meeting you offer “hey, why don’t we just ask 200 of our current customers what they think?” Try and keep it under 5 questions – show them you value their time.

4. Send the survey, and reward someone

- No more than once a month, send out the survey to everyone on your list. Then from those that respond select a winner at random. Be sure to announce the winner at the beginning of your next survey. It makes the winner feel good about being recognized, and it shows everyone else that you really do reward good behavior.

There you have it. Why not tap into this powerful form of research starting today? Stop talking to the mirror and break out of the corporate bubble. They may not say exactly what you want to hear, but aren’t you getting sick of listening to your own echo?

A couple of quick hits to keep you out of trouble:

- This is NOT quantitative research. Do not make the mistake of using this as THE decision making tool (keep flipping a coin for that). It only offers insights, and sometimes can raise as many questions as it answers. That is not a bad thing.

- Sometimes the customer isn’t right. Apple computer knows this – they don’t ask people what they want. Instead, they create something that people will want before they know they want it. If you ask the group to give input on something that’s never been done before, expect some puzzled responses. A more concrete example is this – don’t ask your advisory board how much profit you should make on a home. They will probably not give you a “right” answer (However, their perceptions may surprise you!)

- Remember that these people have already done business with you before! That’s good because they know how you operate, but it sometimes means you have to be creative with your questions so you don’t offend or alienate them.

- Two or three times a year let everyone on the board know how their feedback has caused change at the company. This helps them feel connected and keeps them excited, even if they aren’t winning the monthly prize.

Author Bio:
Kevin Oakley is a branding and marketing expert specializing in real estate. He is currently the Director of Marketing & Sales Training at Heartland Homes— a top 100 builder. You can interact with him on his blog at www.brandpossible.com.



Posted In: New home sales marketing

Tags: , , , , , , ,

Get Red-Hot New Home Sales Solutions at IBS 2010

Posted by: Myers Barnes | Published: Jan, 14, 2010

Ignite your selling power and blow past your goals to achieve blockbuster sales! Join New Home Sales Expert Myers Barnes and NDG Communications President Tom Nelson at the 2010 International Builders Show for a fast-paced, results-oriented sales and marketing session that will get your adrenaline pumping and deliver over-the-top results.

At Red-Hot New Home Sales and Marketing Solutions you’ll receive hard-boiled advice, tried-and-true tips, sensible solutions, and a bold line of attack for your sales and marketing organization. And, you’ll learn pure-genius techniques that will propel you to success, along with remedies for overcoming hardship economies.

Click here for more information.

Red-Hot New Home Sales and Marketing Solutions
Date: Wednesday, January 20
Time: 1:30 pm – 3:00 pm
Location: South 220
Speakers: Myers Barnes, Tom Nelson, Jim Adams



Posted In: New home sales marketing, Real estate courses

Tags: , , , , , , ,