New home sales and marketing - NVBIA...• Google Ads / Keywords • Social Media (Facebook) •...
Transcript of New home sales and marketing - NVBIA...• Google Ads / Keywords • Social Media (Facebook) •...
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NEW HOME SALES AND
MARKETING Jack Gallagher – Discussion Leader
Mid-Atlantic Division President
Richmond American Homes
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Sales and Marketing – Key Topics
•Model Homes
•Marketing and Advertising
•New Home Selling Process
•Sales and Marketing Team Members
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Model Homes – Key Questions
• How many models?
• What floor plans to build?
• Where to locate?
• To Furnish, or Not to Furnish? When to order furniture?
• How many upgrades to showcase?
• Do you keep the merchandising style and budget
consistent across all models in a subdivision?
• Sales office in the garage, or in the study/home?
• Trap Fencing – Is the complex appropriate for it?
• Landscaping and Hardscaping – Where & How?
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Model Count, Location, & Floor Plans
Model Count – Decision Factors
• Product Type – SF or TH (or both)
• Total lot count in the community
Location – Decision Factors
• Primary traffic corridor through subdivision
• Visibility from main access roads
• Proximity to amenities, open space, views, etc.
Floor Plan Selection
• Popularity, Profitability, Proximity to other Projects, & Lot fit
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Model Merchandising • Different approach for different builders
• If personalization is a key part of your selling
strategy, best to showcase the options
• If going with an “everything is included” or
“package” approach, keep it to the standards
• For RAH, we budget same $/sf no matter the
location or the floor plan.
• Other builders often tailor their merchandising
budget to match buyer segment.
• Professional merchandising has a long
lead time. For RAH, 3-4 months.
• Make your option selections early, and don’t
change them. Review Plans thoroughly.
• Crucial to plan upfront to have an on-time
model opening.
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Model Sales Office • Garage is best for longer term projects.
• Two offices are preferred for weekend staffing, with open floor space in front.
• Doors that close allow for buyer privacy when running numbers or discussing contract terms
• Stick with the same layout across communities for consistency in branding
• Digital resources such as touchscreens are replacing site maps and board displays
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MARKETING &
ADVERTISING
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Onsite Marketing Strategies
•Signage Directionals (bandits)
Community Entrance
Banners
Sign Spinners
Key Intersections
• Flags - Flutter vs Fixed
• Burma Shaves
• Billboards
• Blimp Balloons
Burma Shave signs
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Online Marketing Strategies
•Company Website Must be easy to navigate
Real-time accuracy is key
Renderings, Tours and IFPs
• Google Ads / Keywords
• Social Media (Facebook)
• Email Blasts (CRM)
• Waze / Google Maps
Traditional Marketing: TV, Radio, Flyers
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Online Marketing – Virtual Tours Amherst Model
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NEW HOME SALES
PROCESS
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Sales Floor – Varying Strategies
• Competitive vs. Shared Floor
The “Up” system
• Fixed Rate Commission vs. Quota
• Temps vs. Office Closure
• Structural Options vs. Design Center
• Associates in Training / Assistants
• Procedural vs. Script Approach
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Sales Process – Contract to Close
• Lead generation, building rapport
• Running scenarios & choosing options
• Finalize decisions, execute contract
• Weekly follow-up, resolve concerns
• Track loan approval, communicate
• Help facilitate final walk-throughs
• Schedule settlement, deliver key
• Maintain communication through 30-day
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Helpful Handouts – Why buy new?
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Helpful Handouts – Why buy us?
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RAH Home Gallery – With us, it’s Personal ©
• Ability to personalize is one of the top reasons buyers choose New over Resale.
• Crucial that your assortments be refreshed regularly to meet new trends in the
market for colors, materials, new technology, etc.
• Buyers must have an informed guide to keep the selection process exciting vs.
overwhelming, and to encourage decisiveness.
• Review selections, and maintain a policy that enforces no changes after home start
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Sales & Marketing Team Members
• VP/Director of Sales & Marketing
• Sales Manager (if larger region)
• Marketing Manager
• Sales Associates
• Associates in Training / Assistants
• Sales Coordinator
• Design Consultant (if applicable)
• EVERYONE!!! (We are all in Sales)
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Questions?