Saturday, August 29, 2009

Making Decisions by Fact

In today's tight economy, many associations are re-examining their role to find the most important ways to support their members.

While in a client review of member survey results, a staff member teased “we have a case of what’s new - itis.”

This association GETS the purpose of formal member input. Here’s more about the comment she made: “A
member survey helps remind us what’s important to the TOTAL MEMBERSHIP of the association – not just the current leadership, or the staff alone.

At the office, we get wrapped up in what we do every day. We promote the programs we’re responsible for. The staff and leadership are always coming up with something new to offer to members that will help them avoid risk or enhance productivity. So we have a case of “what’s new”- itis.
We have the same problem in our city with restaurants – there are hundreds of people at the new restaurant that opened. There are only 12 people at the new-ish restaurant that opened 6 weeks ago. But that 6-week-old restaurant is really just getting good. The staff is finally trained; the chef is familiar with the food.

But like that old restaurant, we want to move onto the newest project we’re working on. And we need to show the leadership that the newest project is successful. So we go full steam behind it -to the detriment of the stuff we created last month or last year - even if that stuff is actually more important to the members.

We like the Marcus Buckingham principle of improving on your strengths, not focusing on your weaknesses. A survey shows us what our strengths are … so we can build on them.”

Association marketers and staff play a key role by providing your leadership insight into what members want and which programs are worth hanging on to. 

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Tuesday, August 25, 2009

A commercial for commercial members

In Mid-August on a Monday morning, the Wall Street Journal carried a front page story on the foreclosure of a prime commercial development on the west coast; the very same day, section B covered the virtual halt in the commercial real estate market in another part of the country. This week, a Bloomberg news headline read “Commercial Property Values Fall as Rent Drop Forecast”. Bottom line, this is not what associations want to see on in the news. Life is not good for your commercial members.

While on a long delay Friday night, I sat myself on the floor of Washington Regan Airport (with nowhere else to sit), and thought about what an association might do to encourage one segment of your membership who is struggling. Here are three ideas to get you to start thinking:

1. Consider your value proposition to these members. Even though they may be a small segment, is there a thorny issue in your city or state that you can watch, influence or even overcome for them? When you take this on, you help stimulate their business and begin changing their mindset about their business? You probably already do some legislative or political action work on behalf of your members. Get the word out so that your members understand the value of your efforts and what it means to them. Legislative affairs may be the least understood member benefit - in any industry.

2. When there is some good news, like Bloomberg reported just yesterday about existing home sales up 7.2%, encourage commercial members that positive news for the industry is good for all segments – so keep looking for the opportunities that are out there – albeit fewer, those who are looking full time will get the breaks.

3. From coast to coast I see commercial REALTORS® who avoid their residential counterparts. Look for RCA members in your association who get referrals from their residential counterparts. Promote the heck out of it. Tell the stories. Help change the culture. One testimonial from an influential member can sway a lot of long-standing public opinion.

If you say no to these ideas, I trust you can go find a solution of your own. Don’t hide behind the “RCA is a small segment of our membership” excuse. Like one savvy CEO told me, “What’s good for commercial business, and your town square is good for selling houses.”

If you have a great idea, or one that has worked, share it with your peers by replying to this post.

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Wednesday, August 5, 2009

Social Media - Good Bad and Ugly


Freedom of Speech…How about the concept “Bad News Travels Really Fast?” For all of you (us) involved in the real estate industry, I’d like to remind you of the power of social media as you read about the Twitter debacle between Horizon Realty and their tenant-Tweet-er.

Follow the story below about the “Sue first, then ask questions kind of an organization” who sued their tenant for broadcasting about mold in her apartment. Horizon is in the spotlight - they have a great PR opportunity to rectify the situation. Some bloggers have suggested dropping the lawsuit, admitting to a potential error, and fixing the mold issue. There's an idea!

How about the power of communation where 20 followers turned into hundreds of thousands. That is some powerful communications tool. It may even be monumental enough to convince some of you sign up for this Twitter-thing just in case there's some news you need to know!


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