WRIGHT STRATEGY ADVISORS The National Settlement Services Summit Cleveland, Ohio June 17, 2009.

WRIGHT STRATEGY ADVISORS

The National Settlement Services Summit

Cleveland, OhioJune 17, 2009

“To Create and Keep Customers”…

Therefore, successful companies are those who have created a CUSTOMER CENTRIC

STRATEGY to acquire and retain customers.

According to Michael Porter…

“Strategy is the creation of a unique and valuable position…by choosing what not to do….and by creating fit

among a company’s activities”

STRATEGY = Your Position in the Marketplace• Makes it easy to find you and understand your value proposition

UNIQUE = Different, Distinctive• Doing different activities or doing similar activities differently

VALUABLE = Remove Pain or Add Pleasure• Solve a problem; save time/money; address fear/greed

CHOOSE WHAT NOT TO DO = Focus and Discipline• Or be generic and try to be all things to all people

CREATE FIT = Align Company Activities• Adopt a “customer-centric” framework

COMPETITIVE ADVANTAGE = (Strategy/Position) + (Unique & Valuable) + (Choose What Not to Do) + (Customer Centric) + (Value Chain)

Customer-Centric-Social-Media

A Theory for Title Agents:

“Do Unto Realtors As They Do Unto Their

Clients”

Email Voicemail Text Message Personal Websites Personal Branding Blogsites Photos, Videos PDF’s Property Tours Face Time Always on Call Survey, Follow Up

Facebook Twitter YouTube Flickr ActiveRain RealTown Trulia Voices Zillow Conversations Realtor Blogs Cyberhomes Realtor.com Realtor.org

1. be…RELEVANT •(don’t waste my time, add value)

2. be…DIFFERENT •(be a purple cow; better price, product or service)

3. be…MEMORABLE •(by remembering what’s important to me)

4. be…SOCIAL •(don’t be conspicuous by your absence)

5. be…FOUND •(LinkedIn; Facebook; Twitter; Blogs; Website; SEO)

Can you solve a problem? Can you create an opportunity? Can you make it easier for me to do

business with you? Do you know what

makes me happy?

Everyone wants my business

Everyone offers ‘great service’

Everyone has the same ‘product & price’

Are you a ‘Purple Cow’?

What’s important to ME Forest Shadows ‘report card’

• (my production with you)

VPI birthday card • (my anniversaries)

Extra ‘touches’• (client reminders)

After service surveys• (I measure your service by

my service standards)

Get “Social” Who are you? Where are you? Who’s in your network? Who do we know in common? What’s your reputation?

Where’s your website? Be fresh and sticky Optimize: SEO Don’t be a needle / haystack

Social media platforms Your Website or iPhone app with user

tools Blog into the Realtor community Attend Realtor events Go on ‘tour’ with Realtors

Virtual - but visual - offerings of your products and services to industry partners

Mobile access to your offerings with immediate response

Establishing your company’s brand, position, and reputation in the ‘virtual’ marketplace

Creating ‘communities’ of followers: customers, partners, employees

Leveraging social media applications

Trulia; Cyber; Zillow; Yahoo; Realtor.com OCBreakingnews.com Twitter.com Slideshare.com Flickr.com Youtube.com Facebook.com Inman.com Socialmediatoday.com Ning.com

www.linkedin.com www.facebook.com www.twitter.com Jump in and get started Not just you; ‘socialize’ your

company! Appoint one staffer to spend 1 hour

each day on your social sites Experiment, have fun

Travis WrightWright Strategy AdvisorsCustomer-Centric-Social-Media

[email protected]