With the current state of the market it is worry for all of those putting property up for sale that it will remain on the market for ages. For those who are wishing to pursue a speedy sale however, there are a number of strategies that if implemented, can considerably improve the chances of a sale. Fundamentally these tactics focus upon the mind of the buyer, making a property as attractive as possible in order to secure a quick sale, at the right price.
Part of getting into the heads of the buyer is to realise what part of the market you are likely to be focussing your efforts upon. By thinking of the kind of buyers that would like your property it is possible to focus your tactics upon them. This means marketing effectively and creating a property that falls into a distinct category. For example a two bedroom flat is less likely to attract families and more likely to attract young professional couples. That said, it is wise not to restrict yourself completely to one market sector, by leaving your options open, you stand more chance of securing a deal.
One of the most touted reasons for those selling property is to keep the home de-personalised. While the photos and ornaments that adorn surfaces may fill you with joy, this can restrict the thoughts of potential buyers when they are viewing. If a home is devoid of personal effects, it will be that much easier for the viewers to imagine themselves living there, and hence they will be more likely to put in an offer. First impressions are vital so the large family portrait hanging in the hall should be removed.
Another tactic that is used to de-personalise homes applies to the colour schemes in rooms. Once again, the bright colours that you may feel define you will not entice many buyers. More advisable is to redecorate in neutral shades such as creams and whites; this gives potential buyers the impression that the property is a blank canvas that they will be able to stamp their mark on. Redecorating will also revive tired rooms, making them fresh and attractive..
For those who feel that redecorating is not worth the effort when pursuing a quick sale, a worthwhile strategy is to de-clutter and clean the property. If you can, hire an industrial wet and dry vacuum cleaner to deep clean the carpets, this will do much to expel nasty smells and make them look almost new. Additionally it can be wise to rent storage space and move some furniture and items to this area. For instance if your living room is packed with sofas but has little room to move, removing some of the furniture will do much to create a sense of space in the room. Additionally, by taking items out of lofts and garages, prospective buyers will be given the impression that the home has a great deal of storage space.
In terms of cleaning it is worthwhile to give the property an expansive clean before the first viewing. By dong this early on it is possible just to touch up the home before each viewing thereafter. It can be difficult to keep a home tidy though, especially with children, but to save yourself a monumental cleaning task before each viewing, maintaining cleanliness is essential.
Hopefully this advice will give sellers an idea of the best ways to secure a speedy deal. By using a little bit of psychology it is possible to make your home more attractive to buyers.
The Psychology Of Selling
I'm assuming that the movie theatres have tested their price point and figured out what the highest price is that they can charge and get away with - the highest price the market will be willing to pay.
And, that's what they charge for their popcorn.
I believe that's a mistake. Here's a better way of doing it:
Test your price point. Find out what the highest price is that the customer is willing to pay for your product. Then, bring the price down considerably! Offer a 'better' deal than your competitors. Or offer them a lot more value than others, by adding additional bonuses to increase the overall perceived value.
Sure, you can take advantage of your customers by charging as much as you possibly can. But, I wouldn't recommend that strategy. Instead, tell them what others are charging and what a great value you're giving them. Break it down for them and explain the difference. Show them how they're unique and why buying from you is in their best interest.
Remember, you can either corner them into buying from you, or you can just make your offer so much better, and so much more irresistible, that they will want to buy from you!
Moreover, I want the customer to feel good 'after' the purchase as well. I'm not a fan of buyer's remorse, and I assume my customers aren't either.
You ensure that they will continue to feel good about their buying decision after the purchase by delivering on your promise. In fact, you can go a step beyond and 'over-deliver.'
When you do that, you will also:
1) Dramatically decrease your refund rate, and
2) Ensure that the customer will buy from you again, in the future, because his first purchase from you was a positive and rewarding experience.
And, besides, the only reason I'm "in business" is because of the 'customer.' Why would I want to cheat him or trick him? We're in this business because we want to help people and create real value in their lives. Not because we want to suck every penny out of them, right?
Most marketers are bad marketers because they think that marketing is about 'tricking' people into giving them money. That's absolutely not true.
If you do it right, they will want to give you the money, and feel good about it. And, you'll be able to sleep well at night.
Marketing is not a one-shot deal. If you try to trick the customer into giving you as much money as possible just so you can get one sale out of him, you're seriously missing out.
Instead, if you make the first buying experience a pleasant one, the customer will continue to buy from you again and again, and will happily give you more money. So, don't forget about your existing customers after they've made that first sale. That's just the beginning of your mutually-beneficial relationship with him.
Well, there you have it… "popcorn marketing" explained, and then some! :-)
There are many extremely powerful marketing strategies and psychological motivators at work in the above 'movie popcorn' scenario.
Remember, just 'knowing' about these strategies and concepts won't do much to increase your profits. Start applying as many of them to your own business as possible, and I guarantee you'll sell more, and sell more often.
In fact, you'll get much better results than the movie theatres ever will, by always keeping the customer's best interest in mind.
Both Thomas Pretty & Ian Canaway are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Thomas Pretty has sinced written about articles on various topics from Formula One, Debts Loans and Interior Design. Real estate expert Thomas Pretty looks into how certain tactics mean will sell quicker.. Thomas Pretty's top article generates over 1500000 views. to your Favourites.
Answer The Questions Below So, in summary, answer the above questions as clearly and simply as you can, be honest, avoid hype, make an irresistable offer, and be sure to include a call to action.