Building a brand may not be foremost on your mind as you delve into multifamily investing, but it’s a critical step in developing your business. As you get more deals, walk more properties, reach out to more brokers, and attend conferences, all that work will go hand in hand in creating your brand’s image.
Clarity in purpose
Motivation is key in creating a brand. If you know what kinds of problems you want to solve for other people then you can work with intention, know that your work has a purpose and that it fulfills a need wherever and whoever you work with. And when you have clarity in purpose, then you can create content that is in alignment with your goals. This will allow you to be true to yourself, create an image that is unique to you, and be more personable with sellers and customers.
Creating a brand
If you show up with business cards, a logo, and a website, then people will know that you are somebody that knows what they are doing and that you are serious about building your business. In short, this will immediately enhance the way that people perceive you.
It’s important to determine who your brand will attract. Likely, you will attract people who are like you. If you want to attract a specific group of people, then you may need to adjust the way you present yourself in order to cater to that group. Or perhaps you know that there is a certain type of problem that you can solve. If this is the case, you might develop your brand by creating relationships with people who need you to resolve that specific issue.
Overall, as you network and put in the work to find the sellers that you want, having a brand will help create a good first impression that will help them know what you and your brand can offer.
Fleshing out your brand online
Especially if you are the face of your business, it’s key that you present a personal brand that works with and reflects positively on your business. To have a successful personal brand, it’s not only important to have a specific message but to be genuinely yourself in sharing it. Not only will this make it easier to create content around your brand, but it would allow for better audience engagement, and make you more memorable. And whatever your online platform may be, it’s crucial to be consistent both online and offline.
An effective personal brand will lead you to be a successful example in helping others meet their goals, which will consequently help your brand and leave a positive legacy.
In establishing and maintaining a successful brand, it is key to focus on interactions with customers and to regularly appraise how to continue the brand’s reputation. Keep tabs on both positive and negative feedback, and show that the brand is always working to improve. An example of this could be offering polite and enthusiastic replies to online reviews. The best way to build and keep a good image of your brand is to have high objectives for customer care and support.
Behind the scenes of the brand, there are a lot of things that you can do by yourself. But as your brand expands and you need to maintain your brand, make sure to enlist other people to assist you in creating high quality work. For instance, you can DIY your website, but it may be better to hire someone who is an expert in website development and knows all about the latest industry trends.
As you develop your brand, build your motivations and approach into a reliable thought leadership strategy to draw in a specific audience. Utilize social media, content marketing, and other methods to grow your audience, connect them with resources, and build trust and credibility with them. By developing a good thought leadership strategy, your brand will achieve more influence and bring more opportunities.
Developing a brand that sellers and customers can feel connected to and confident in takes time and requires effort to maintain, but it is one of the most important things to do to succeed.
Multifamily investing helps you create abundant streams of passive income, and Myers Development Group uses a combination of joint ventures and syndications to buy multifamily properties. It’s where I’m investing my resources, and it’s allowing me to leave a powerful legacy for my kids. Based on my own successes, I developed Myers Methods. This real estate investing mentor program will help you realize the financial benefits of multifamily investing and take your portfolio to new heights.