Selling Luxury has always required a slightly different technique, whether it’s for luxury cars, retail or homes. It is therefore critical to understand this “world of luxury,” especially its discerning buyers and their expectations, in order to better position yourself for success.
That’s why we’ve compiled this list of recommendations when choosing your luxury training partner. This way you can continue to benefit through ongoing learning, knowledge and marketing strategies that will help grow your luxury real estate business.
We believe that with the right consistency in training and learning, anyone can become an expert in the world of luxury, and unlock the secrets of obtaining and selling that high-end listing.
Choosing the Right Training Course
Choosing the right luxury course can be overwhelming, there are a lot of options available and it can be difficult to know which is the right one for you. Luxury Society suggests looking at these 6 things when selecting a luxury course or trainer.
- Knowledge – How knowledgeable is your training source on the matter of luxury?
- Legitimacy – Does your trainer have any previous or current experience selling to luxury buyers? What are their accreditations or certifications in training?
- Mind Set – Does your potential trainer seem passionate about what they do?
- Does the training accurately reflect your brand and the standard of excellence you want to set forth?
- How is the success of the training measured?
- Decorum – How does the trainer or luxury course present itself in terms of looks, attitude and speech?
Additionally, many associations offer different training options. It is important to look into the qualifications and differences between these courses.
We also offer the opportunity for members to retake our courses at any time – to keep abreast of changes and new techniques.
Our world is constantly moving and changing. Likewise, the world of luxury is always evolving and adapting to the world around it.
Carine Roughan, President and Founder of LuxMode International, said “Selling luxury has always been about selling outstanding craftsmanship, design innovation, exclusivity, history and lore which in turn translates to appealing to people’s emotions.”
While this statement maintains a sense of timelessness, it is important to recognize that wealth is always shifting and the emotions you are looking to appeal to shift with it.
Further, as our world becomes more and more digitized, it is important to select a program that offers ongoing training to ensure that you are always on top of the best practices, both in marketing and selling.
The biggest benefits of your luxury training should not just come from the course, but rather the opportunities provided afterwards.
Training alone does not make you an expert – this comes from experience, ongoing learning and a platform of expertise at your fingertips.
Benefits should include a variety, such as opportunities to understand new marketing strategies and techniques, the latest trends and insights into the behavior of the wealthy, opportunities to network and connect with peers and experts in their respective fields and exclusive access to tools and resources.
Compare the member benefits provided by The Institute to ensure that your chosen training partner is as invested in creating strategic relationships and offering products and services with real value.
Learn How to Grow Your Business through Strategy and Target Marketing
One of the key takeaways from luxury training is how to grow your luxury business through proper strategy and target
Your online presence and personal branding are critical when targeting luxury buyers/sellers. You must have a strategy otherwise you will not be successful.
Your strategy must position you as an expert while incorporating clean and consistent branding with things such as your logos, fonts and even which designation you align yourself with.
Additionally, your marketing should be consistent in reflecting your experience and expertise, while creating an air of exclusivity.
Networking with Luxury Agents
A great benefit of taking luxury courses and being a member of a luxury community is the opportunity to meet and network with other luxury agents.
We’ve talked about networking before, and one of the things we’ve often said is, “Networking is the thing that will make or break you,” and it’s so true.
When you build connections with other agents, you are helping to build a trusted reputation within the real estate community.
This will result in more clients and a higher volume of properties.
Additionally, you gain the opportunity to learn from some of the best in the business, which will allow you to better serve your buyers and sellers.
Our members get connected to leading real estate groups such as the NAC (North American Connection) and the FIABCI (The International Real estate Federation.)
These connections will allow you to grow and continue your training in a real-world setting, which brings us to our next point…
Co-Listing with the Right Luxury Agent
Co-Listing is a great way to step into the world of luxury real estate. By co-listing you are able to get on the spot training and advice from experts in the market.
Selling luxury takes hard work and dedication, and all too often we see agents get overwhelmed with their first million-dollar listing.
By finding the right agent to co-list with, you are able to learn through experience in such a way that prepares you to list on you own.
Training Through The Institute
At The Institute for Luxury Home Marketing, we offer several different training options guaranteed to meet your needs! We offer live training year-round, as well as an online option for those who are either unable to make it or would prefer to train from the comfort of their own home or office.
We also offer the opportunity for members to retake our courses at any time – keeping them abreast of changes and new techniques.
By training with The Institute, you will receive premier insights, not only into marketing and networking, but also intso how to win clients, market luxury properties and more!