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Category: Advertising Agency in Chicago|Advertising consultant|Branding Advertising Agencies|Mark Beebe|real estate advertising|real estate marketing|real estate marketing consultants|Stevens & Tate|Stevens & Tate advertising|Stevens and Tate|Stevens and Tate Advertising
20 Dec 2011Have you ever wondered who was the builder of your home? And I also am betting that you know more about your car than the biggest purchase of your life. Why is that? Branding the American Dream isn’t any less important as your disposal car. You probably have researched your flat panel television maker more than what insulation was used in your home.
Here is an interesting fact. General Motors spends THREE BILLION dollars on media every year. Chevrolet spends close to ONE BILLION. Homebuilders spend between 80- 90% less in marketing dollars to help brand their offerings. Typically everyone buys a car within their lifetime, probably 50% buy a new car, yet SEVEN MILLION new homes were built last year in a terrible economy and I am betting again, you can’t name four builders in your area.
In my opinion this is a HUGE opportunity for any homebuilder to take hold of America and brand itself so its top of mind when you are searching for your next home. Yes, it takes capital and heavy marketing. Which reminds me of this story about cutting your loses:
GM had invented the first electric car. When doing the math, they came to realize they would lose 200 million dollars if they released that car. They were so proud of figuring out how the battery compartment fit that they overlooked of how the board would scratch the project. Toyota heard about this advancement in transportation technology and went to town inventing the Prius. Of course they knew they were going to lose 200 million dollars the first year, however, that did not stop them. They realized that year three and four would be when America would catch up to the idea and Toyota would be the FIRST to own the brand of ELECTRIC. The president wanted electric and Toyota to be synonyms. The rest is history.
Today when you think of Electric do you think General Motors?
When you tell people about your car, you know the brand, everything in that brand, features, history, and brag about the service department. When you buy a house you simple buy a house. Do you see the opportunity?
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