Brenda Dohring 
 
July 24, 2014
 Volume 10 - Newsletter 15
 
 

No. 1 Selling Comp

Database Software

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EDGE LOGO 2011  

 

Commercial Appraisal Report

Generating Software

 

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Commercial Appraisal Workflow Application

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DataComp and Edge
now available in the Cloud. 

 

Hosted by Microsoft

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YouConnectİ is a Web-based Appraisal and Vendor Management solution enabling financial institutions to automate and streamline their process, while satisfying federal and state examination and auditing requirements.
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Affordable Dentures         
Jeff Hicks
Jeff Hicks, MAI
President 
The Dohring Group
RealWired!

 

I was at a party recently with a friend who was talking to a few guys when one of them asked what he did for a living. My friend simply said "maintenance." The two men immediately turned around and walked away once he disclosed his employment. The party was in an uppity section of town, but still I was very surprised at the incredible condescending attitude. What my friend didn't tell them is what he really meant was mental health maintenance. You see, he is a doctor, a psychiatrist, president of a mental health organization at a regional level.

  

The shallow nature of their boorish behavior got me thinking about work identification. Unless I'm business networking, I rarely ask somebody what they do for a living since they're at a party to have fun, not to talk business.

  

I volunteered to speak to students at my former high school, Jesuit, on career day. I was surprised at how challenging it was to describe commercial real estate appraising to 17-year-olds. Instead I talked about the happiness factor of having a career that provided an in-depth knowledge base of the real estate industry (which can be leveraged in many ways), while also providing flexibility and income potential.

  

My assumption is that everybody knows what I do for a living. Often times I find that's not the case, even with my friends and family. I tell them I only appraise commercial properties and then strangely, short-term amnesia sets in and they continue to describe their home's attributes in great detail. I started wondering if perhaps my work identity was not clear.

  

I drove past a shopping center with a tenant's sign that caught my attention, Affordable Dentures. I thought how succinct; a two word description. I know exactly what they do, no mysteries. Commercial real estate appraising is easy to understand, but how often do we drill down to details? I have found over the years most people are so busy with their own lives they forget the specifics of what you do.

  

Would you get additional market share if you promoted your business identity better? I think we (myself included) fall short on specifics in what we are communicating. Tell your story. Provide clarity for referrals. Highlight what you're good at. But whatever you do, never tell someone you're "just an appraiser."

 



You don't necessarily have to be entertaining, but GoPro's commercial flying the world's largest paper airplane captured my attention. The video shows the GoPro product in use and made me want to see and experience their product. I quickly understood their business identity.

Why would anyone want to go to your website and when they get there, what do they learn? Same question for an inbound phone call or an in-person networking conversation from a prospect. Ask yourself, "why do customers hire me?" Do this easy exercise, when a prospect calls you to request an appraisal, ask them how they got your name and number and why they called you. You may be surprised. 
 
If you would like to join a discussion about this topic or Appraisal Best Practices, go to our blog or contact Jeff Hicks.
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