The Goal: Total Market Presence via Niche Strategy

We’re not striving for “Market Dominance . . . Market Proliferation”!

We don’t want to “OWN” the market . . . That sounds like WAY too much work.

Once you “own” something like a market, you become the largest target for anyone and everyone and thus find yourself shifting from Offense to Defense as you protect yourself from the assaults that emerge as your competitors play the offense – capitalizing on any chinks in your armor – innovating and testing new models – and doing whatever they can do to take some of the mind-share your brand has in the heads of your prospects. (How’s THAT for a run-on sentence)

A potentially more lucrative approach is pursuit of “Total Market Presence”.

How could this me more lucrative?

The overhead cost of maintaining market dominance often consumes the massive revenue thereby leaving less profit.

A real estate firm with two solid niche REALTORS (1 Buyer Specialist and 1 Listing Specialist) in each sub-market can have similar impact on a smaller scale with potential for higher yield (Profit).

Each of those 2 niche agents has the ability to build CLOSE relationships throughout their niche with good, old fashioned face-to-face, belly-to-belly interaction with the people within their specific niche such that, when the folks who live there think of them FIRST when they think about Real Estate. These savvy specialists become the known local experts without having to spend huge marketing $$$.

The best form of advertising is “more of the Listing Specialist’s signs in more yards”, and the buyers value the niche expertise of the Buyer Specialist.

THIS is what we are building at Pareto Realty!
It’s our “secret sauce”!
We have no inclination to be the biggest and every intention to be known in every nook and cranny of Middle TN.
So . . . Yep!
When I hit “Publish” on this post, I’ll be revealing our strategy to others who might just replicate it in our market.
Isn’t that akin to “giving away the farm?”
Not at all . . . copying what we do is flattery . . . and we know that when more firms operate this way, more buyers and sellers in our market will have more/better representation because their agents will be niche specialists.
My energy and optimism is high for 2019, and I am excited about seeing us all succeeding.
As each of us succeeds, so do all of us!
Let’s ROCK!
b
PS – If you’re a REALTOR anywhere in Middle TN interested in growing a lucrative niche career, let’s connect to see if we’re a good fit. Just hit this link¬†or email Barry@paretorealty.com

Published by Barry Owen

Strategist-CEO of Pareto Realty Real estate sales Professional Inviter-Facilitator-Practicer of Open Space Technology Opening safe space for people & organizations to self-organize around issues & opportunities BarryOwen.US Invite-Listen-Love

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