Why I Believe Status Sells

Bruce LundBlogLeave a Comment

How Attractive is Your Personal Brand?

Most salespeople are taught to chase business vs. attract it. Sales advice, especially early on, is filled with platitudes such as “get your name out there” or “hand out as many business cards as possible.” Neither of which positions you as a must-have expert in your industry. I believe status sells.

In today’s competitive and saturated real estate business, there’s never been a more important time to have a personal brand status. As a former business professor, I’m confident in saying there weren’t many classes that helped you find, package, and sell your special.

Why is this important? Because status sells.

Statistics tell us buyers use the first person they talk to 67 percent of the time. The number one challenge small business owners have is overcoming obscurity meaning not enough people uniquely know who you are or how you can help.

When I moved to Denver six months ago to launch 90-Day Sales Manager™ I knew exactly nobody in my target markets of real estate, mortgage, and financial services. But, I was deeply convicted in my services, and knew it was my responsibility, and nobody else’s, to elevate my status in this market.

Why Status Sells

Here’s how I attacked the Denver market:

  1. Have a clear opportunity filter of who YOU want to do business with.
    Advice: To know who you want to work with you must first define your own beliefs. This comes from your unique past, experience, struggle, mentors, education, and interests. Without a filter, we chase anything with a pulse and a pocket book which often results in the high maintenance customer. I look for people who are hungry, humble, and coachable based on my belief that trained people outperform untrained people.
  2. Identify target markets with those who fit your filter.
    Advice: Sales is a game of probability. We aren’t going to win every customer, but once we know who to go after we can drastically increase our odds. In what groups or environments are you most likely to find people who share your beliefs? Most make the mistake of trying to be all things for all people. My target market when coming here was sales managers in the “FIRM” (Financial Services, Insurance, Real Estate, Mortgage). Along the way, I started to attract producers in the title business, because of the clients I was already associating with. Have a clear target market and you’ll start to attract those from other areas based on shared beliefs and philosophies. And, even better, your target markets will sell you, because they know exactly who you are targeting.
  3. Have a clear position in the market as the expert.
    Advice: Confidence is the one thing that effects everything. Have an unwavering belief that you are as good, or better, than anyone else in the market. Position yourself as the buyer who gets to choose who you want to work with based on being the expert (opportunity filter). I’m only looking for those who are looking for me. This abundant mindset allows us to pick and choose who we want to do business with. Anything that feels chased will run if you position yourself as inferior.

I bet if I asked who currently owns your real estate market 2-3 people would come to mind instantaneous. That’s because Status Sells, and the brain only has room for few people in each category. Are you in that go-to space? If not, how can you better position your personal brand?

The reason we want to become a person of interest and elevate our status is to ultimately become a person of influence who can HELP more people with our services.In the next edition, we’ll walk through the person of influence assessment, and go over the ten “ingredients” people of interest have.

Do you believe Status Sells? We would love to hear your feedback in the comments.

Learn more about Bruce Lund, PhD and his 90-Day Sales Manager™ program at www.90daysales.com where he consistently doubles production within 6-months of graduation. Check this article and others out on LinkedIn.