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The losses can amount to millions

in Support 20.01.2020 03:47
von akobaxaz • 231 Beiträge

It's been said that making sales in leisure resort real estate is not rocket science. Perhaps not Cheap Womens Air Max 2019 , but it is a discipline that requires attentive strategies be employed to enhance sales pace and to mitigate risk. Consider the following tenets:


1. Coordinate Marketing and Sales Activities with a Properly Funded Budget. The marketing and sales function is the most important component to the profitable operation of any luxury second home real estate venture. This activity is as equally important, if not more so, than as the quality of the product itself - 'the sticks Cheap Womens Air Max 2020 , bricks and furnishings?, if you will. The long accepted adage of ?Build it and they will come? is being challenged daily in today's competitive real estate boom. Even among projects of equal quality, the better marketing and sales entity will inevitably capture a disproportionate share of the market.


As a point of definition Cheap Womens Air Max 270 , Marketing covers all of the activities required to get a qualified prospect in front of a salesperson. The Sales function covers what happens from that point forward. The two must obviously work hand in hand. We believe marketing and sales efforts must be dovetailed to achieve the common goal of cost-efficient sales that are retained long-term, in order to generate additional downstream revenues. It quickly becomes clear that a well-tuned and balanced marketing and sales campaign can have a very significant impact on the development company's financial performance. A faster sales pace and shorter sellout reduces both the developer's and lender's exposure time and expense.


So, how to get there? Prepare and administer a coherent and appropriate marketing plan that is understood by all - one that can be modified as the circumstances dictate. One requisite of any such plan or campaign is the significant and rapid flow of money necessary to pay for the many promotions Cheap Womens Air Max 720 , especially in pre-sales start-up activities. There are always several programs that are simultaneously used that all require quick and significant funding.


Strategy: An adequately funded start-up budget to accomplish any pre-sales goals prior to lender funding is essential. Delays in paying for marketing activities can be disastrous. Worse yet, running out of dollars before your marketing program is launched is sheer project suicide.


2. Utilize One Sales Team to Represent All Leisure Real Estate Products. From our experiences in the industry both past and present, we know some simple truths about the leisure real estate buying market. The first fact is that no one buys a real estate product sight unseen. A second corollary is that the bulk of the sales will be generated from prospects that are repeat visitors to the destination resort area. And Cheap Womens Air Max 90 , the third corollary is that no prospect has a clear idea of which product is right for them until they hear of their options. No one walks through the door wanting to buy a fractional or a condo-hotel interest. The prospect's opening statement may be that they simply want to hear about the condos for sale.


Relationship selling techniques are in vogue and are appropriate for leisure real estate sales. Here, a sales representative first builds trust with hisher prospects and then proceeds with a discovery phase to determine their prospects? needs, attitudes Cheap Womens Air Max 95 , preferences and motivations along with a finding of how often they might use the second home product. The agent can then present the real estate options in light of the solutions afforded to that particular prospect and to advise each prospect on which of the multiple products is best for them. Prospective buyers resent being flipped to another agent after they've vested themselves in the one agent, who has now become their friend and trusted consultant. This overriding factor underpins our philosophical approach that emphasizes a single sales team approach to presenting leisure real estate product options.


Strategy: If you are a resort developer with a mixture of residential program offerings, cross train your sales representatives on all second home leisure real estate products. Consider abandoning the idea of maintaining separate sales teams that sell strictly lots Cheap Womens Air Max 97 , or strictly whole ownership or shared ownership interests or strictly condo-hotel interests. You'll find that your product options will not cannibalize one another and the project will make more sales faster while experiencing less rescission.


3. Get the Right People on the Team. In order to have a successful ongoing marketing and sales operation, a team of talented, disciplined and motivated people must be assembled and paid well for results. We believe it is imperative to bring in a few key people experienced in the particular product format you plan on offering around which to build your team. It is much more costly to get off to a slow start or not get off at all for lack of talent or expertise.


To achieve the results projected Cheap Womens Air Max Classic BW , we believe in acquiring good people, training them and paying them well to retain them. Highly trained and motivated salespeople can maintain significantly higher closing percentages than those of average salespeople.


Strategy: Recruit, train and properly compensate a professional sales team for your leisure real estate project. Hold all accountable to performance standards for the project and tie compensation to performance as much as possible. Having the wrong people on your sales team can be very costly to the project Cheap Womens Air Max Deluxe , both in lost sales and wasted marketing dollars. The losses can amount to millions of dollars.


4. Deliver Well Qualified Prospects to the Sales Team An exemplary and consistent flow of well-qualified prospects will yield much higher closing percentages for your leisure real estate project. Between marketing and sales, the more important and variable of the two is marketing. All other things being equal, the sales staff with its capabilities and closin

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