Real Estate Public Relations and Brand Building

real estate public relations

There are so many sectors where people invest to build their brand – consumer goods, entertainment, technology.  A sector where there’s a dearth of major brands considering that it is one of the largest sectors in the world?  Real estate. Quick – how many brands can you name in the real estate world? Donald Trump – great.  Who else?

There’s a major opportunity in the real estate world for brands to emerge.  Here are some quotes on the importance of building a strong brand in real estate.

On Brand Identity:

“A strong brand identity is one of the most important building blocks for any real estate business. Think of it as your company’s foundation.” Faith McGee

On Connection:

“A real estate company has to understand who their core market is… It’s all about having one voice that connects properties to people.” Mukul Lalchandani

On Rebranding:

“Rebranding is required when a company is not meeting its sales goals or does not see any growth. They are probably perceived as ‘like all the other real estate agencies.’ When you determine what your brand (unique selling proposition) will be, you must promote everywhere.” Greg Maka

 On Revenue Growth:

“Build a strong brand – and you will make more money – and be able to charge more for essentially the same product.  Branding brings anyone in real estate a major return on investment.” Elie Hirschfeld, Hirschfeld Properties

 On “Why” Real Estate:

“The branding basics applicable to the real estate business are no different from branding in any other sector. The principles are the same, even if the applications are more specific and following the special dynamics of the business.” Jean Claude Saade

On A Unique Proposition:

“Real estate agents are in a unique position to have success through branding because they are their own products.” RealtyTimes.com

Your Name Forward:

“In the past, many people especially real estate investors only thought about branding their business. While that is certainly important, I have come to believe that it is vital that you also brand yourself. Over time you will get known in your business by your name.” BiggerPockets.com

To Brand or Not To:

“For each location where we were able to attain sufficient evidence, branded developments outperform non-branded developments, sometimes by a considerable margin.” Knight Frank

On Ultimate Differentiation:

“Some areas of the world are becoming overheated [in the property market and having something extra to differentiate oneself from competitors is becoming more and more vital.” John Hitchcox

Work in real estate?  Consider spending on a Public Relations company – it will indeed make you more money.

 

Ronn Torossian

Ronn Torossian is the founder and Chairman of 5WPR, one of the largest independently-owned PR firms in the United States. With over 25 years of experience crafting and executing powerful narratives, Torossian is one of America’s most prolific and well-respected Public Relations professionals. Since founding 5WPR in 2003, he has led the company’s growth, overseeing more than 275 professionals in the company’s headquarters in midtown Manhattan. With clients spanning corporate, technology, consumer and crisis, in addition to digital marketing and public affairs capabilities, 5WPR is regularly recognized as an industry leader and has been named “PR Agency of the Year” by the American Business Awards on multiple occasions. Throughout his career, Torossian has worked with some of the world’s most visible companies, brands and organizations. His strategic, resourceful approach has been recognized with numerous awards including being named the Stevie American Business Awards 2020 Entrepreneur of the Year, the American Business Awards PR Executive of the Year, twice over, an Ernst & Young Entrepreneur of the Year semi-finalist, Metropolitan Magazine’s Most Influential New Yorker, a 2020 Top Crisis Communications Professional by Business Insider, and a recipient of Crain’s New York 2021 Most Notable in Marketing & PR. Torossian is known as one of the country’s foremost experts on crisis communications, and is called on to counsel blue chip companies, top business executives and entrepreneurs both in the United States and worldwide. Torossian has lectured on crisis PR at Harvard Business School, appears regularly on CNN & CNBC, is a contributing columnist for Forbes and the New York Observer, and has authored two editions of his book, “For Immediate Release: Shape Minds, Build Brands, and Deliver Results With Game-Changing Public Relations,” which is an industry best-seller. A NYC native, Torossian lives in Manhattan with his children. He is a member of Young Presidents Organization (YPO), and active in numerous charities.

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