A couple of weeks ago, I had the privilege to participate in NAHB’s 50+ Housing Symposium in Philadelphia. I, along with the lovely and talented Janis Ehlers and Meredith Oliver, presented a program called “High Tech, High Touch,” in which we shared a number of great ways to maintain strong relationships with your customers. (If you missed it, watch your email for details on an upcoming encore presentation webinar.)
With our presentation set for 8 am, I decided to spend the night in Philly to be sure I’d make it in time. The event was held at the Philadelphia Downtown Marriott; however, being the cheapskate that I am, I decided to save a few bucks and stay at the Residence Inn a few miles away.
The differences between the two hotels was striking.
The Residence Inn cost less than $200 per night. The room included a full kitchen along with all the utensils you’d need to cook a nice meal in your room – with free microwave popcorn. High speed internet access was included, there was no charge for parking, and best of all, they even offered a free full breakfast each morning.
The Downtown Marriott? Nearly $300 per night. Want to get online? 13 bucks a day. Brought a car? Toss in an extra $43 a day for parking. Breakfast? The cheapest you’ll find is probably at Starbucks in the hotel, and we all know how much Starbucks charges for a small…excuse me, “tall”…cup of coffee.
The experience certainly left an impression. The more you pay, the less you get?
Now I realize that this kind of criminal practice has been going on for quite a while. Call a product “seltzer,” it will cost 79 cents. But give it a French name like “Perrier”? 4 dollars.
Brand perception is everything. Many businesses work hard to establish the belief that their products are the best, and well worth the investment – especially in real estate. From a business standpoint, that makes sense. And there are many people that will gladly pay more for the prestige of driving the best car, drinking the finest water, and staying in the nicest hotels.
But I am not one of those people.
And that’s why I was so excited by the little “extras” offered by the Residence Inn. If I can pay less and get more, I’m a happy guy.
Many people feel the same way. So what can you give them for free that will leave them with a good feeling about your company?
Start with email.
When someone joins your mailing list, either online or in person, give them something extra in return. It could be a t-shirt or calendar. It could be an interesting article or whitepaper that your company had a hand in crafting. It could even be something as simple as a coupon for a discount on their purchase.
These kinds of offers can be sent as part of a “thank you for subscribing” email, which typically achieves very high open rates.
Think about it this way: that email address is very valuable to you. It represents a customer who has raised her hand and said, “sure, you can sell to me!” So what are you willing to part with to make them feel even better about their decision?
If all else fails, give your company a French name so you can charge more for your products. So from this day forward, this newsletter will now be known as Les Mailbyte’ du Stampele’.








