Question

Topic: Taglines/Names

Semi-customer Home Builder.

Posted by Anonymous on 250 Points
I am real estate agent with a customer who is semi customer home builder. Build about 30 a year. Company name is El Dorado Homes. Been in business for 20 years and has good name in the town. They have done their home and learned today's building practices. With that knowledge they want to leap forward and take back some market share. Need a tag line. They will build a superior home. Competition is about 5 yrs behind on knowledge of building and tend to copy other builders without the understanding of what they are building. The area is growing and the buyers are doing more research on the internet. Buyers are wanting the best house with the most amenities for the lowest price. Hopefully a good tag line can be created.
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RESPONSES

  • Posted by Jay Hamilton-Roth on Member
    Since their competition is likely to say similar things ("superior home, best house, most amenities, lowest price"), what makes your customer's homes tangibly different (in a way that's noticeable). How would "latest knowledge" translate into a benefit for their customer?

    Also - a tagline won't magically help them to leap forward and take back market share. That's up to their entire marketing strategy. A tagline is only a small piece of the puzzle.
  • Posted by Moriarty on Accepted
    Let's look at this from a different angle. If they are anything like the business that I ran with my now ex, they will do a lot of cash work on the side.

    Which is bad for business.

    Now my suggestion is that when they pick up the phone, they give the callers a brief run-down of their terms and conditions. That is to say, they do what they say, when they say they will. They will come around to "snag" the project afterwards at 1month and 3 month intervals - and in the mean time settlement cracks and creaky doors can all be noted down and sent via email to the office. Someone will be arranged to come around and sort it all out at mutual convenience. If during this they say "oh, we don't need all that" simply state that it is policy and it is how we work. If they mention "cash" tell them that's fine just as long as they sign the contract and pay on receipt of the invoice. (= no tax dodging and NO CHEAP JOBS).

    This puts you in the driving seat. There are customers who like this. The ones who don't usually have their own ideas about how something should be built, and usually it takes three times as long to put their silly ideas straight in the end. Leave it to the pros. Leave those stupid customers to someone else.

    Let's just say that our profits bounced by 30% - for 25% less work on his part. We were getting recommendations through in three months which is unheard of in the building industry. All because i was fed up of my husband getting home late whingeing about having to do "all those little extras" to keep the client happy. So I put a stop to it in my own way. I realized what was going on, worked out a strategy and implemented it. What's more, all he knew about it was that his customer quality had suddenly leapt.

    Ergo: you don't want more market share. You want more of your best kinds of customers. Which isn't quite the same thing, is it? Because your worst customers COST YOU MONEY.

    PS You say "Competition is about 5 yrs behind on knowledge of building and tend to copy other builders without the understanding of what they are building." - detailing in a simple, authoritative fashion your basic terms and conditions (as apply to building operation) will put your best customers in a really easy frame of mind. Because they know you're good and they can relax. They will know in the space of five minutes that your are reputable and thorough.

    Your opposition can't do this, and anyway, won't ever find out what's going on. They'll be doing all the cash jobs and taking food-stamps on the side because they can't make ends meet.
  • Posted by Moriarty on Accepted
    PPS Because you are so authoritative in the market, you can easily put up your prices 15% and still keep those better clients. It really is the magic win-win for the business and customer.

    Because those cheap guys are costing their customers seriously large amounts of money - in repairs. With your guys, there will be none of that - well worth the extra cash up front for peace of mind!

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