Geo Farming for Beginners: Choosing Your Area and Strategy | This Week in Marketing
The Tom Ferry Podcast Experience
Tom Ferry
4.7 • 1.1K Ratings
🗓️ 23 January 2023
⏱️ 21 minutes
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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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