The Power of a Thoughtfully Crafted Personal Brand: 5+ Ways To Distinguishing Yourself in Real Estate
Personal branding doesn’t just clarify the “why hire me.” It’s how you connect with your prospective clients and inspire loyalty. A carefully managed personal brand establishes your credibility as a real estate professional and ensures your business longevity. Even if your real estate brokerage requires its agents to use their branding standards, you need to develop a personal brand for your real estate business. Luxury realtor and social media content creator with over 255k followers on Instagram, Snehil Yadav says, “Real estate is a unique industry. Individual agents are essentially self-employed professionals, but requirements mean they must operate under the supervision of a broker’s license. This is why agents align with a team or brokerage.” Real estate teams and brokerages develop brand standards and assets that the individual agent either must use or can use. Those brokerage-created branding materials are not part of your personal branding. A real estate agent’s personal brand is how they generate more leads and increase their real estate business. What is a personal brand? Personal branding is a conscious and deliberate way of building a reputation in the industry. How do you want to be known in your community? That answer–your reputation– is synonymous with your personal brand. For real estate agents, it’s about how you want your fellow professionals and clients to perceive the professional you: you’re a closer, a tough negotiator, a compassionate professional, super knowledgeable about 1031 exchanges, a neighborhood expert, etc. Why do you need a personal brand as a real estate agent? People are going to Google you. Are they going to like what they find? Personal branding is you taking control of the message. You actively manage your most important asset: your good name. You’ve probably seen in the news how social media posts have come back to haunt people years later – Kevin Hart, Virginia Gov. Ralph Northam, and James Gunn, as examples. Reputation is critical to creating a successful real estate business. If you’ve been at this a few years, I’d bet that referrals are essential to how you get buyers and sellers. And if you’re new, you’ve probably heard plenty from mentors about how important it is to generate referrals. How do you get those referrals? By crafting a positive reputation. How do you handle the oft-asked question, “why should I hire you?” If you have developed a personal brand, the answer is crystal clear. You don’t hesitate or ramble, but deliver a prompt, confident, and succinct response. Personal branding doesn’t just clarify the “why hire me.” A carefully managed personal brand establishes your credibility as a real estate professional and ensures your business longevity. It’s how you connect with your prospective clients and inspire loyalty. How is a personal brand different from your brokerage’s brand? Unless you have your broker’s license, chances are your real estate business is aligned with an existing real estate broker. Boutique or global, these brands come with branding standards. Some companies require you to use their logo, language, and marketing packages. These brands typically have a high-level value message. Some target convenience, while others promise boutique services or a global reach. All their brand messaging tends to be more generic and broadly focused to attract as large a community as possible. The thing is, name-dropping your company’s brand isn’t enough. Most real estate clients see real estate agents as essentially executing the same work regardless of the company. They’re more concerned about the qualities of the individual agent than the brokerage logo. Individual real estate agents have an opportunity to build personal brands that target specific audiences. The fine-tuned messaging will help attract the niche clientele you’re seeking. Why create a personal brand for real estate? Even if your broker requires you to use their branding, you still need to develop a personal brand identity. Depending on your brokerage’s reputation, using those assets in your marketing can be beneficial, especially if you’re newer to the business. Or, they can be a significant drawback when you want to change brokerages or earn your broker’s license and start your own firm. Real estate agents are apt to change their brokerage at least once in their career. And those clients you generated? Are they going to stick with the brokerage or stick with you? Chances you, they’re going with you. They have developed a relationship with you, not the brokerage. They trust YOUR brand, whether you’ve deliberately created one or not. Building a personal brand strategy that stays with you makes it easier to jump ship, spin off into your own brokerage, and manage your career. What goes into personal branding? When we talk about “branding,” people automatically assume we’re talking about logos and color schemes. It’s a common misconception. Those things are reflections of your brand; they are not the brand. Real estate personal branding identifies what you offer that no one else does. It’s the secret sauce that makes you tick, the special characteristic that makes you different, or the value you bring to the real estate deal. The assets we create for marketing serve the purpose of reinforcing your brand identity and message. That said, branding involves a range of work, such as – You may use any of these in combination as part of your branding strategy. The cost of creating a brand varies. You can build these resources yourself–check out these free marketing resources. Or, for a more put-together real estate brand strategy, outsource to a freelancer, or hire a company with branding experience. How to Build a Personal Brand? Find your value proposition This is the most critical step in the personal branding process. Landing on your value proposition is a two-phase process. Start by – Knowing your audience. Describe your typical clientele, both demographically and in their real estate needs. Be specific in identifying your target audience and their pain points. What is it you uniquely offer that the competition misses? Do you run your business differently or have a value you provide? Once you