Advertising is an important part of business
generation when it comes to investment property leasing. You have to get the
story out to the market in the most efficient way and attract the right tenants
that can give the property a real future. Not every tenant will be a good
tenant.
Not only is it essential to undertake efficient
advertising in the local media and press, but signboards boards and the
internet are also a vital advertising medium to attract enquiry. A signboard is
often the most effective way of selling or leasing a property given the local
passing traffic and the surrounding community. The internet is the most
efficient way to attract enquiry from the broader market at low cost.
The traditional newspaper as an advertising medium
is becoming less efficient in sustained message value and remains high in cost.
When the advertising of specific properties is
undertaken as part of a campaign, the switchboard or receptionist in your
office should be kept fully informed of the particular campaign and of the
appropriate person to whom any telephone inquiry should be directed regarding
that property. Efficiency in the call and enquiry capture process must be
established. Your database in the process will also be part of the capture
strategy. corflute
signs brisbane
Signs on the Property
Signs placed on the property are still high value
in the advertising process locally. The following points should be checked
regards your signage.
Ensure that colours and design proposed are correct
for the property and the agency.
Check address, website, email, and telephone
numbers for the property board.
Put your name on the board to personalise any
contact and be prepared to attract enquiry at any time and on any day.
When you and the agency appear on a joint advert,
signboard, or brochure, the following matters should be considered relative to
your office.
If one or more joint agents appear one on top of
the other in the advert, then try to position your name on the top.
If joint agent's names appear side by side,
endeavour to position your name on the most prominent side which in most cases
is the right hand side.
Insert location of your other offices particularly
if joint agent has mentioned more than one office.
Be careful to select the correct size name (Logo)
plate. Often imbalance is due solely to the use of the wrong size.
Where possible always offer your services and be
seen as an expert as you then have some degree of control and will attract the
right enquiry. corflute
printing brisbane
The use of corflute signs is to be encouraged
today. These signs are cheap and have a use as an external sign on industrial
and office properties and as an internal sign on shop windows. They are very
versatile and easy to transport.
Old signs that show damage should always be
refreshed or discarded because they can send the wrong message regards your
expertise as a real estate agent.
Each Agency should maintain a Sign Location
Register. In the Register, is recorded the location of all boards that are
erected, the erected cost of such board, whether any or all of such cost is
recoverable from the client and the date upon which such board is returned
"to store". It is preferable that the Register allows sufficient
space for insertion of a photo (photos) of the erected board.
During early negotiations with a client, stress
should be placed upon the promotional value of having a sign placed upon the
property. Wherever an opportunity occurs in the promotion of a property, you
should arrange for an appropriate sign to be erected either "For Sale -
For Lease - Auction - Tender" etc.
"Sold By" and "Leased By"
stickers should be held in stock for immediate use wherever possible. Your
success in the property promotion needs to be conveyed to the market. This will
generate more listings for you.
Always obtain your clients approval before erecting
a sign and confirm with your client any commitment to costs. When client's
approval is obtained, the site should be inspected to establish the best
location for sign placement. Know more
Conjunction Agency Signs
Wherever possible with conjunction agent
relationships and property promotion, establish your agency as the
co-coordinating Agent, thereby responsible for production, order, location and
sign placement, therefore giving you final control. Should your Agency not be
the co-coordinating Agent, the person responsible for signs or their
representative should always be present at meetings dealing with conjunction
signs.
Ensure that your Agency always obtains equal space
for its name and logo on any property signage as compared with the space used
by the conjunction agent. Negotiate for the correct colours to be used and
secure the side of the board which has the greatest prominence given the
location that the board is to be placed.
John Highman is an expert in investment real estate
strategy, property performance, and tenant mix analysis and strategy. He is an
author and coach that helps property investors, and real estate agents improve
their retail, industrial, and commercial real estate opportunities and targets.
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