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The Tom Ferry Podcast Experience

Geo Farming for Beginners: Choosing Your Area and Strategy | This Week in Marketing

The Tom Ferry Podcast Experience

Tom Ferry

Education, Business, Self-improvement

4.71.1K Ratings

🗓️ 23 January 2023

⏱️ 21 minutes

🧾️ Download transcript

Summary

There’s an opportunity in the market, right now. When some agents hear words like “recession,” they’re inclined to take a step back in their marketing. And for smart agents looking to grow their market share, that makes geo farming an excellent choice right now. If you’ve ever considered geo farming, this is the episode of This Week in Marketing for you. Jason Pantana is going to walk you through your high-level strategy – whether to start a new farm or infiltrate an existing one – show you how to select your farm, and then break down your geo farming marketing mix. Just remember, geo farming is a long-term commitment, and when you stick it out, it’s one of the best ways to ensure your area dominance for a lifetime. So, whether you’ve considered it or not, be sure to watch or listen to this episode, right here…

Transcript

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0:00.0

Today, we're going to talk about the ultimate marketing mix to launch or to take over an

0:03.7

established geographic farm to dominate in your local real estate market.

0:12.2

We all know the marketplace is and has been changing.

0:15.0

And when things change, people and agents change their approach.

0:18.7

They hear words like, I don't know, recession or a forecasted reduction in the number of

0:24.0

sales this year.

0:25.0

And they think, oh, no, I've got to brace myself for impact.

0:27.5

It's going to, it's a time to protect my business.

0:29.9

And the natural instinct for so many agents is to turn the dial down on their marketing,

0:34.5

their sales to start cost-cutting as if that's a form of insulation and protection.

0:38.8

But really, what I would argue it's doing is it's creating an opening for you.

0:43.2

If there is a specific farm area, a neighborhood, a subdivision, some part of town where you

0:47.4

thought, I want to be the dominant agent there.

0:49.6

But perhaps it's been occupied by an agent in post who's been the dominant agent.

0:55.0

And you're like, I would take a lot of marketing muscle.

0:58.2

For me to be able to kind of compensate and overcome and start winning over my chair.

1:01.5

But now there's a foothold, there's an opportunity to get in there and start building consideration

1:06.7

for your brand, your brand under the dome of that marketplace.

1:11.0

And they see you everywhere and it creates familiarity, it creates relevance and consideration

1:15.6

for you as a listing agent, as a buyer agent.

1:18.7

There's an opportunity right now as agents all over the place are starting to turn that

1:22.6

dial back.

...

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