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Realtor Marketing Plan – How To Beat 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. If you do not create a plan for your business, there is huge possibility that your business will fail and that will not be a good experience for you.

Creating marketing plan, this are the steps

o First of all, you have to know what is your product or services? What makes your product and services special? Do you know your customers and what do they need from your business?
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o It is important that you know that your plan is specific and measurable. It is also important that you create a concrete plan as well as your budget.
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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. It is also important for you to know how many competing agents as this will help you know what you need to overcome.

o It is important that you know your budget as this will also help you in breaking it out by area and this will include, mailing costs, advertising open houses and others.

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

o What is your target market; First time buyer, geographical retirees and others.

o You have to be sure that you have a mission statement.

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o Are there any other niche that you can make service?

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

o It is important that you create a press release and sent it out to any local newspaper.

o Learn and do some research on what your competitors are doing and learn their successes and mistakes in the business.

If you must know, there are lot of things that you can do to become successful in the business, all you have to do is to make the concrete relator marketing plan that will help you become successful in the business. As an example, you have to make sure that you know the ins and outs of the short sale process as most of the top agents in the market handles short sales.

Lastly, you will notice that your business have already grown and that you need to expand and also your profit will double or increase and your customers will remain loyal to you and your business.