Anyone trying to sell anything knows that marketing is important, and the marketing industry has become obsessed with social media. For most real estate, this is no exception, but for those in the luxury niche, it can be difficult to pinpoint which marketing tactics just won’t work. After all, luxury is all about exclusivity, while social media is all about accessibility. Making the two work together is tricky, but it can be done.
History of Luxury Marketing
Marketing in the luxury niche has always been prone to paradoxes. You want your brand to be visible, but not easily obtainable. It’s just like you want your product and service to be accessible and convenient for your target audience, but not to the world at large. In both scenarios, the answer comes down to knowing and targeting your audience. Yes, you might want the world to know your name, but you don’t want to pull a Gucci and lose your status because of overzealous sales and marketing tactics.
When Gucci tried created a mobile app, they failed to connect it with fashion; this created a disconnect with their audience and failed to meet user expectations. They also failed to maintain the quality of their products in their social atmosphere, which made the brand seem like it was losing focus.
Real Estate and Social Media
When it comes to social media, there is a different tactic for every niche. Private agents might use Twitter and Facebook to build their network and connect with people looking for homes in their area. Luxury homes are often sold to people from other regions though, so this is not the best usage when it comes to the luxury side of real estate. LinkedIn can be used to make business connections and build an agent’s portfolio, but that’s more on an individual level than “brand.”
Making Luxury Social
So how can luxury be made social? Well, the first way is to focus on image rather than listings. Everyone on Twitter won’t be able to afford your houses, and you don’t want them to. However, you do want them to wish they could buy your house. That’s where the definition of luxury lives: desired status.
So don’t focus on selling your listings on social media, focus on your brand personality. Luxury real estate is often judged first and foremost on looks, so why not focus on social platforms that celebrate pictures? TOWN Real Estate’s LookUpNewYork instagram campaign is the perfect example. They encouraged New Yorkers to send them noteworthy examples of beautiful architecture in the city. This was a brand awareness campaign, and it was able to engage a large audience without affecting the perceived audience for their listings.
Here are some specific ideas that can be used for luxury real estate social media campaigns:
- Use apps like Instagram to post pictures of listings, encourage people to comment
- Tweet updates about the state of the luxury market
- Tweet news about celebrity real estate purchases
- Host a best photo contest for pictures of beautiful buildings. If you operate in several cities, you can host one contest at a time and cycle through each location.
- Post about high-interest properties that are for sale or have recently sold (not necessarily just you listings- anything newsworthy)
Focus on images for the masses and statistical information for your target audience and you’ll be able to find the balance between brand awareness and brand exclusivity. The important thing is to figure out who you’re targeting with each social media platform, and focus exclusively on maintaining consistency for that audience.
Author: Deborah Boza-Valledor
Why Use AMPI?
AMPI is the national association of real estate professionals that have, since 1956, gathered under laws and codes of ethics and conduct to create a reliable, trustworthy an efficient real estate environment in Mexico.
AMPI consists of separate autonomous sections all throughout the nation, as well as more than 4,000 associates and affiliates. Each section is independent and has its own board of directors, only surpassed by a national board of directors comprised of twenty associates from all over the republic.
Developed over the years with the input and knowledge of its members, AMPI is much more than just a collection of offices. AMPI has been a solid and recognized institution in Mexico for the past 27 years. It was originally established in 1956 and was consolidated in 1980. AMPI is currently represented in all the principle cities and regions of Mexico stretching from Tijuana to Cancun.
The Riviera Nayarita, Vallarta and Compostela chapters of AMPI are dedicated to promote the best practices in real estate by providing its members with education to reinforce the standards of ethics that give our industry the credibility which our clients deserve.
AMPI is committed to giving our membership access to a multiple listing service that forms the platform from which our industry can expand locally and into other markets while giving our members precise and up to date information that is vital to continuous improvement and growth.