Folks, I have compiled the first in a series of helpful discussions between three leaders in our industry…and moi – the court jester. This first installment includes the following illustrious crew: Brandie Young, Ken Brand and Paula Henry. They were directed to answer my questions in ten words or less. These respected business persons can teach you a lot about real estate and marketing. The other one is an idiot, but she can show you where all the bodies in Hollywood are buried. This may have been an online discussion, but I want you to imagine all four of us sitting in our favorite pub discussing sales, real estate, and the economy. Ken, of course, is outnumbered, but as a result, he is enjoying all the attention. I am head down in a bowl of beer nuts…but you probably already knew that:
GBB: What is the best way to get new clients? PH: Internet leads BY: From current or past clients. KB: … Find fun people, mix-mingle-interact-converse-listen-share-ask questions-discover-solve problems. GBB: You broke the ten word rule Ken. Kindly put a dollar in the jar. Okay, so we were talking new clients – well, I do pretty well down at Hollywood and Vine. Oh wait, we’re talking real estate… In that case, blackmail is an effective tool. That’s what makes L.A. work – just ask the National Enquirer. Oh, puh-leeze, don’t pretend you never do that!
GBB: What characteristic do you most like in a client? BY: Engaged, enthusiastic… KB: A funny, friendly good looking, whip smart, recently homeless person with a million dollars cash and no where to live, until we find them a home. GBB: Gimme another buck, Ken. PH: Sense of humor GBB: Duh! Lakers Tickets!
GBB: What characteristic do you least like in a client? BY: Nit-pick, whiny. PH: Micro managing a process/project they know nothing about. Oh, and when they can’t pay. GBB: Why are you looking at me when you say that, Paula? Lani is paying for this. KB: If people are disrespectful, I dump them. GBB: I hate ankle monitoring bracelets. I’m just saying…
GBB: What can an agent do to assist with an appraisal now that we have the new HVCC guidlines? BY: Make certain the appraiser actually knows the area. PH: Not sure anyone has this figured out. GBB: I concur. Another chili in your Bloody Mary, Brandie? KB: We provide our appraisers with an appraisal package. Updated comps and a laundry list of any and all improvements… GBB: If the appraiser is a woman, I bring a Prada bag full of chocolates. If it’s a guy, I bring Pamela Anderson.
GBB: What is your opinion of Real Estate reality shows? KB: They’re stupid. Put me in one, I’d sell circles around those clowns. Actually, I find some of the negotiating stuff interesting. GBB: Ken, for a genius, you sure can’t count. But that’s okay, I’m an idiot savant myself. Gimme another buck. PH: [Reality Shows] are so not real. BY: [Reality Shows] crack me up! That one in LA is so far out of reality, it’s hysterical. GBB: Actually, all of L.A. is beyond reality, dahling. I was on “Flip That House,” and all I got out of it was a stalker. Matter of fact, he looked a lot like you, Ken. Uncanny resemblance… I’m packing pepper spray, Ken!
GBB: What is your opinion of bus bench ads? BY: We don’t really have buses in my area. I think this is community specific. PH: Only Teresa Boardman’s virtual bus bench is worth the price. I don’t want anyone sitting on me. GBB: I’m confused. Who’s Teresa Boardman? Did I miss something when I was in the rest room? Bench ads to you, Ken. KB: Generally speaking, “Lame.” Unless it’s an enormous picture of me and someone else paid for it. GBB: Love ‘em! When someone carves gang signs in my paper forehead I consider it a sign of deep affection. Ken, you REALLY look familiar… Is that a restraining order in your pocket or are you just happy to see me?
GBB: What do you like best about your job? BY: I don’t work for a__holes any longer. I get to pick and choose with whom I work and I can fire clients when our agency isn’t a good fit. GBB: You said a bad word, Brandie. Put a dollar in the jar. No, I’ll hold the jar. Let go, dangit – the cash is mine! KB: Being the boss of my self. Picking and choosing who I work with. My raise is effective as soon as I am. GBB: That’s clever, Ken. You really should consider a bus bench ad. PH: No two days are alike. Getting to the closing table; not because I get paid, but the sense of accomplishment. GBB: I like happy hour. No, Ken, I don’t work here, and stop bogarting the peanuts! Who’s buying the next round?
GBB: What is your most successful means of advertising? BY: I am very interested to see what people say here. Would love to see a mix of very small town/community answers vs. others. GBB: You are a regular brain trust, Brandie. Will you take my brokers’ exam for me please? PH: Internet GBB: Paula, I love how you are both brilliant AND succinct. You are the only one who followed the ten word rule. …Paula? Somebody wake her up so she can tip the waitress. KB: Traditional advertising is like earning a fast nickel. Personal relationship building, on-purpose and in-person contact is a slow dollar. Go for the dollar. GBB: Nice. I have business card with a hologram of myself. I tell people I am virtually there whenever they need me. Also, bad publicity is a real pay-off in my town. Hence my desire to jump up on this table and start dancing.
GBB: What subjects other than real estate would be advisable for prospective agents to study? KB: How to write and speak persuasively. Social Media marketing and relationship building strategies. How to live in the now… GBB: Right! Where were we? PH: How to interpret data as it applies to the likelihood an area will thrive. BY: Appraisal GBB: Man, I’m outta my league here – I was going to say “animal husbandry.” Why are you all taking away my car keys?
GBB: What will your real estate tombstone say? KB: Cheers Friends. It was FUN. I’ll be back. GBB: Brandie? Brandie? (Brandie didn’t answer this one.) Did we offend her? Don’t look at me, Ken. It was your idea to put half a jar of chilies in her Bloody Mary. Maybe she’ll forgive us before our next get together. So, what will your real estate tombstone say, Paula? PH: She sold her last home. GBB: I like that. I guess mine will say, uh…’Good till the last drop?’ No, no…make that, ‘This escrow closed on time.’ No, No, I don’t like that one. How ‘bout “Death by Hollywood?” Now back to you, Ken…you look strangely familiar – even with that party umbrella tucked behind your ear.…
Thanks to my colleagues for their valuable input and their willingness to participate in the fun. Ken Brand, a veteran in real estate, is the Real Estate Sales Manager of Prudential Gary Green Realtors in Woodlands, Texas. Paul Henry is the dynamo leader of the top notch Henry Group at Red Door Real Estate in Indianapolis. Brandie Young is a San Francisco marketing guru, trail blazer and founder of consulting firm MarketingTBD. Host Gwen Banta is the L.A. based realtor who is only allowed out of Sunnyside Home for the Demented on weekends and holidays. (Lani, did you pay our bar bill yet?)
Amazon attracts advertisers from Facebook after Apple privacy alterations
(MARKETING) After Apple’s privacy features unveil, Amazon adapts by taking a unique approach to targeting, disrupting revenue for the ad giant Facebook.
As a de facto search engine of its own persuasion, Amazon has been poaching ad revenue from Google for some time. However, disrupting the revenue stream from their most recent victim – Facebook – is going to turn some heads.
According to Bloomberg, Apple’s recent privacy additions to products such as iPhones are largely responsible for the shift in ad spending. While platforms like Facebook and Instagram were originally goldmines for advertisers, these privacy features prevent tracking for targeting – a crucial aspect in any marketing campaign.
Internet privacy has been featured heavily in tech conversations for the last several years, and with Chrome phasing out third-party cookies, along with Safari and Firefox introducing roughly analogous policies, social media advertising is bound to become less useful as tracking strategies struggle to keep up with the aforementioned changes.
However, Amazon’s wide user base and separate categorization from social media companies makes it a clear alternative to the Facebook family, which is perhaps why Facebook advertisers are starting to jump ship in an effort to preserve their profits.
This is the premise behind the decision to reduce the Facebook ad spending of Vanity Planet by 22%, a home spa vendor, while facilitating a transition to Amazon. “We have inventory…and the biggest place we are growing is Amazon,” says Alex Dastmalchi, the entrepreneur who runs Vanity Planet.
That gap will only widen with Apple’s new privacy features. Bloomberg reports that when asked in June if they would consent to having their internet activity tracked, only one in four iPhone users did so; this makes it substantially harder for the ad campaigns unique to Facebook to target prospective buyers.
It also means that Amazon, having demonstrated a profound effectiveness in targeting individuals both pre- and post-purchase, stands to gain more than its fair share of sellers flocking to promote their products.
Jens Nicolaysen, co-founder of Shinesty (an eccentric underwear company), affirms the value that Amazon holds for sellers while acknowledging that it isn’t a perfect substitute for social media. While Nicolaysen laments the loss of the somewhat random introduction charm inherent on Instagram, he also believes in the power of brand loyalty, especially on a platform as high-profile as Amazon. “The bigger you are, the more you lose by not having any presence on Amazon,” he explains.
As privacy restrictions continue to ramp up in the coming months, it will be interesting to see how social media advertising evolves to keep up with this trend; it seems naive to assume that Amazon will replace Facebook’s ads entirely, tracking or no tracking.
How many hours of the work week are actually efficient?
(BUSINESS MARKETING) Working more for that paycheck, more hours each week, on the weekends, on holidays can actually hurt productivity. So don’t do that, stay efficient.
Social media is always flooded with promises to get in shape, eat healthier and… hustle?
In hustle culture, it seems as though there’s no such thing as too much work. Nights, weekends and holidays are really just more time to be pushing towards your dreams and hobbies are just side hustles waiting to be monetized. Plus, with freelancing on the rise, there really is nothing stopping someone from making the most out of their 24 hours.
Hustle culture will have you believe that a full-time job isn’t enough. Is that true?
Although it’s a bit outdated, Gallup’s 2014 report on full-time US workers gives us an alarming glimpse into the effects of the hustle. For starters, 50% of full-time workers reported working over 40 hours a week – in fact, the average weekly hours for salaried employees was up to 49 hours.
So, what’s the deal with 40 hours anyway? The 40 hour work-week actually started with labor rights activists in the 1800s pushing for an 8 hour workday. In 1817, Robert Owen, a Welsh activist, reasoned this workday provided: “eight hours labor, eight hours recreation, eight hours rest.”
If you do the math, that’s a whopping 66% of the day devoted to personal needs, rather than labor!
Of course, it’s only natural to be skeptical of logic from two centuries ago coloring the way we do business in the 21st century. For starters, there’s plenty of labor to be done outside of the labor you’re paid to do. Meal prep, house cleaning, child care… that’s all work that needs to be done. It’s also all work that some of your favorite influencers are paying to get done while they pursue the “hustle.” For the average human, that would all be additional work to fall in the ‘recreation’ category.
But I digress. Is 40 hours a week really enough in the modern age? After all, average hours in the United States have increased.
Well… probably not. In fact, when hours are reduced (France, for instance, limited maximum hours to 35 hours a week, instead of 40), workers are not only more likely to be healthier and happier, but more efficient and less likely to miss work!
So, instead of following through with the goal to work more this year, maybe consider slowing the hustle. It might actually be more effective in the long run!
This story was first published in January 2020.
Jack of all trades vs. specialized expert – which are you?
(BUSINESS MARKETING) It may feel tough to decide if you want to be a jack of all trades or have an area of expertise at work. There are reasons to decide either route.
When mulling over your career trajectory, you might ask yourself if you should be a jack of all trades or a specific expert. Well, it’s important to think about where you started. When you were eight years old, what did you want to be when you grew up? Teacher? Doctor? Lawyer? Video Game Developer? Those are common answers when you are eight years old as they are based on professionals that you probably interact with regularly (ok, maybe not lawyers but you may have watched LA Law, Law & Order or Suits and maybe played some video games – nod to Atari, Nintendo and Sega).
We eventually chose what areas of work to gain skills in and/or what major to pursue in college. To shed some light on what has changed in the last couple of decades:
Business, Engineering, Healthcare and Technology job titles have grown immensely in the last 20 years. For example, here are 9 job titles that didn’t exist 20 years ago in Business:
- Online Community Manager
- Virtual Assistant
- Digital Marketing Expert
- SEO Specialist
- App Developer
- Web Analyst
- Social Media Manager
- UX Designer
We know that job opportunities have grown to include new technologies, Artificial Intelligence, Augmented Reality, consumer-generated content, instant gratification, gig economy and freelance, as well as many super-secret products and services that may be focused on the B2B market, government and/or military that we average consumers may not know about.
According to the 2019 Bureau of Labor Statistics after doing a survey of baby boomers, the average number of jobs in a lifetime is 12. That number is likely on the rise with generations after the Baby Boomers. Many people are moving away from hometowns and cousins they have grown up with.
The Balance Careers suggests that our careers and number of jobs we hold also vary throughout our lifetimes and our race is even a factor. “A worker’s age impacted the number of jobs that they held in any period. Workers held an average of 5.7 jobs during the six-year period when they were 18 to 24 years old. However, the number of jobs held declined with age. Workers had an average of 4.5 jobs when they were 25 to 34 years old, and 2.9 jobs when they were 35 to 44 years old. During the most established phase of many workers’ careers, ages 45 to 52, they held only an average of 1.9 jobs.”
In order to decide what you want to be, may we suggest asking yourself these questions:
- Should you work to be an expert or a jack of all trades?
- Where are you are at in your career and how have your skills progressed?
- Are you happy focusing in on one area or do you find yourself bored easily?
- What are your largest priorities today (Work? Family? Health? Caring for an aging parent or young children?)
If you take the Gallup CliftonStrengths test and are able to read the details about your top five strengths, Gallup suggests that it’s better to double down and grown your strengths versus trying to overcompensate on your weaknesses.
The thing is, usually if you work at a startup, small business or new division, you are often wearing many hats and it can force you to be a jack of all trades. If you are at a larger organization which equals more resources, there may be clearer lines of your job roles and responsibilities versus “the other departments”. This is where it seems there are skills that none of us can avoid. According to LinkedIn Learning, the top five soft skills in demand from 2020 are:
- Emotional Intelligence
The top 10 hard skills are:
- Cloud Computing
- Analytical Reasoning
- Artificial Intelligence
- UX Design
- Business Analysis
- Affiliate Marketing
- Scientific Computing
- Video Production
There will be some folks that dive deep into certain areas that are super fascinating to them and they want to know everything about – as well as the excitement of becoming an “expert”. There are some folks that like to constantly evolve and try new things but not dig too deep and have a brief awareness of more areas. It looks safe to say that we all need to be flexible and adaptable.
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