Category : Auction Marketing

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6 Reasons Facebook Hasn’t Yet Killed Direct Mail

Facebook is the biggest innovation in advertising ever. I truly believe that and am thankful for the times it bails me out of tough strategy situations with my clients. While Facebook collects a mind-boggling amount of data about its users, there are still audiences it can’t reach that direct mail can.

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158: How Auctioneers Can Be Like Presidential Candidates

We can sell “high risk, high reward” with integrity. We can sell the time value of money with honor. We can sell superlative results with statistical evidence of our prowess. But let’s stop selling one thing to our sellers and another thing to our buyers.

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157: 8 Ways to Suggest Price in Auction Advertising

Advertising a price can turn bargain seekers away from our auction or create a bid ceiling that conflicts with our fiduciary responsibility to our sellers. So, how do we as auction marketers leverage price to sell our assets? Contrast. We can advertise what is known against the unknown hammer price.

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2 Reasons Why You Shouldn’t Use “Auction” in Your Headlines

Our advertising headlines and subject lines and supporting text needs to focus on the assets being sold. While the marketing vehicle of an auction does connote important information the buyer needs to know, that buyer doesn’t care about those realities until they want what’s being sold.

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155: Why Businesses Advertise Backwards

Start with the audience and work backwards. If you’re going to gamble, improve your odds. Work to find the valuable few instead of the risky many. No matter how many people see your advertising media, you want the ones who do interact with it (1) to relate to the content and (2) to be impressed.

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154: Are You Throwing Away Income on Facebook?

This doesn’t mean that we abandon unpopular opinions or that we avoid sharing them. It just means that we express them differently. Proselytizing or personal growth is more likely within the contexts of face-to-face conversations, book club discussions, thoughtful letters, careful essays, well-researched & sourced infographics, etc. Raise a hand if a Facebook, Twitter, or Instagram post has ever changed your political stance on anything. If they’ve never worked on us, what hubris or ignorance does it take to assume they’ll sway others?

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153: How Vacation Souvenirs Sabotage Your Direct Mail Strategy

In practice, the mailer panel should be the flashy side. It should be the panel with the big picture and the short headline. Everything else should fall to the reverse side or to our website. Anybody not interested by our primary “sizzle” photo and intrinsic message isn’t a likely buyer or client. Anyone interested but not motivated to flip the card over or go to our website isn’t a qualified prospect, either.

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152: 5 Ways to Know If Your Offline Media is Working

In a digital world, print media has the potential to be a tangible disruptor and a more personal interaction. Direct mail allows a broader range of sizes and formats than online media. When produced and placed well, signs are often the leading medium for obtaining auction buyers. Just because it’s more difficult to track them doesn’t mean they are necessarily less effective.

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The Most Important Mailing List (That Auctioneers Aren’t Using)

I don’t think I’ve ever talked to an auction company that recorded that segment of their buyers. Online bidding platforms keep this information. These bidders shouldn’t be too hard to discover at on-site auctions, especially real estate ones. They’re already in your clerking software. All it’d take to capture this data is an extra column in your database to indicate that they came in second.

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150: Why Entrepreneurs Should Think About Their Résumés

That week of contrast for me was a wakeup call, a reminder to keep working on my game while playing the game. It was healthy for me to realize talent is chasing me, that the playing field might be more level than ever, that I can’t assume auction companies will continue to send me work.

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148: 5 Business Lessons From a River at Flood Stage

Then, I started thinking about the auction industry I serve. I don’t have enough fingers to count the times a client has tried a project I’ve wondered if they should’ve declined. Those are the times when I get this phone call or email: “Hey, I’ve got this auction. I’ve never sold one of these before. How would you market it?” They’re hoping I’ve helped another auction company sell something similar.

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146: Marketing Less to Sell more

One interesting thing about the Transaereo: it was designed without a rudder. Caproni thought that the pitot could create the same steering input by varying the action of the three columns of wings. I find a lot of small businesses like Biplane Productions used to be: rudderless, grabbing any updraft it can and taking it where it leads. For me, though, that led to an unstable, unsustainable flight. The business slowly gained altitude, but it was a fight.

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145: 2 Questions Every Seller Needs Answered

If you can’t prove any of these competitive advantages, be ready to offer your services for a lower commission—or to take the auctions your competition isn’t fighting to get. If you can’t answer these two primary questions, you might want to brush up on your answers to different questions—the kind employers commonly ask during job interviews.

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144: Relearning How to Fish for Auction Buyers (and Sellers)

In the current marketplace, there’s no excuse for relying on instinct. Our marketing mix should include more experimentation and less guesswork. Our customers on the aggregate are telling us how and where and when to advertise and conduct transactions. The buying public is always right, whether we like it or not; and they’re generating the data to prove it.

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