New branch marketing ideas for estate agents

28 September 2010
Posted in Canvassing

Apologies for the lack of daily updates over the past week and a bit. Being busy isn't a good enough excuse, I know.

Eric Woodhams from Consortia Marketing (and also well known to estate agents as part of his role for the National Homes Network) posted up a link on his blog about the latest marketing gimmick that Andrews Estate Agents are using to launch a new branch in Bristol. Innovative enough to be worth a mention I think.

They've dropped 250 keys through local letterboxes, with one of the keys opening a box in the branch with £250 in. If nothing else, it should generate a bit of positive PR (twice - once to launch and again for the winner!) and brand awareness.

It probably also offers a little more bang per buck than the similar idea of posting several halves of £5 notes through each door and asking them to book a valuation or visit the office to collect the other half and a bit of sellotape!

Leave your comment:



What you said:

29 September 2010 07:09:23
Were the keys dropped in to random properties or targeted at properties that were already on the market?

Unless this was targeted it seems a bit pointless. There would also be an embarrassment factor of having to turn up at the office with your key and test it while all the staff are staring at you - my guess is that about 90% of the keys, and probably the one that fitted, got binned.
29 September 2010 09:39:30
That I don't know. But either way, I wouldn't say it was pointless - I imagine it generated a decent amount of coverage for the money. Perhaps even better if no one collects the £250?!

Thanks for taking the time to comment Justin.

Martin
29 September 2010 11:11:08
Nice idea, Just open our new office in West Hampstead and have launched our Sales Department, This is a great way of getting Brand Awareness and most lkely free editorial in the local rag, Im definately going to look into this, and Justin, I'll make sure that it is a targeted campaign to make sure we capitalise on the keys that are going to be delivered.
29 September 2010 12:09:42
Be sure to let us know how you get on Leonard!

Martin
04 October 2010 16:42:24
I think its quite a decent idea, its just a question of how you decide which houses get the keys...
26 October 2010 22:50:00
It is a nice idea.

One thing I would say is that you do have to be careful about how you decide on the houses that get the keys. People may wonder (after reading about it in the paper) why they or maybe why people in their area didn't get the keys. You don't want people to begin to think that you don't care about them.

Almost better to go for a random drop, at least that may it can make it seem more fair to people.
27 October 2010 08:44:08
Hi Jamie,

I'm not sure that people are really that sensitive to this sort of thing. I'd focus on the business reasons for doing it, rather than being hyper-sensitive about reaction personally.

Martin
14 February 2012 15:31:17
I might be a bit late here but what a good idea! How did the recipients know what to do with the key once they received it? :)
08 May 2012 19:30:37
What a great ideal, I am hoping to launch a Local Estate Agent in the next 2-3 months any help guys!!