• Target a luxury market, but don't make it too exclusive and limit your success.
  • Market for the short-term, but also set your sights on long-term goals.

Every luxury real estate agent wants his or her marketing to bring results and yield a return on investment.

Obviously, agents don’t want to waste money on unsuccessful marketing. Effective techniques will lead to the desired outcome.

Lead generation

The goal of lead generation for luxury real estate agents is to identify interest in their services — or at least — in the high-end market.

Remember that every communication with clients (whether potential, present, or past customers) should include an offer. Yet it does not always have to request a purchase. There is a place in marketing for free offers.

Unique luxury

Of course, even though the luxury real estate sector is about buying and selling, it is also different from a retail business. The “Buy One and Get the Second One Free” offer won’t work in high-end property sales.

Marketing ideas will differ depending on the business. Indeed, type of media, timing and the specific market will determine the ultimate advertising strategy.

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Reason to respond 

Luxury agents must pay attention to their marketing strategy and measure its effectiveness. They have a certain level of flexibility, but they want to get the most for their marketing dollar.

Therefore, luxury agents must give people more than one reason to connect with them — and more than one way to make that connection.

Make people an offer that they can’t refuse without thinking that they are missing out on something.

Kevin M. Leonard is the founder of Luxury Agent and Valore Group. You can follow him on Twitter or LinkedIn.

Email Kevin Leonard

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