by threshold | Apr 20, 2017 | All, Marketing
When you think of someone figuring out a name for your property, don’t imagine a creative-type at an advertising agency sitting up late at night, waiting for that perfect name to pop into their head. When Threshold names properties —be it a new or old community— our approach is never to just sit around spouting out names until we hear one that sounds cool.
That approach might work for startup tech companies, but naming ideas and marketing ideas for apartments emerge from a more nuanced approach. When property owners and developers come to us for a new naming project, they’re not only looking for a name. We certainly start with the name, but that name evolves into a color scheme, which evolves into a logo, which turns into tagline, messaging and whatever other apartment marketing collateral the property needs.
How a Name is Born
Before we can do any of that, our team needs to gather information about the property. The most important piece of information is the target market demographic. The property name must be geared precisely towards the target audience, because they’ll be seeing, saying and writing the name most often. Think about it; you wouldn’t assign a name to someone’s house without first considering who they are, what they like and where they work.
After we determine the characteristics of the community’s target resident, we consider the property’s other characteristics such as location, amenities, building style, and whether it will be considered a luxury apartment complex, a student housing community, or another kind of property. A name is only one or two words, but those words must be whittled down from a huge amount of information.
Of course, we don’t just collect information ourselves. We always sit down with property owners to talk about their vision for the property. At the end of the day, the client chooses from a list of names that Threshold provides. That’s why it’s so important to listen to the client’s ideas and incorporate them into the final naming considerations.
Be Unique. Don’t Be Weird.
Once we’ve compiled all the preliminary information, the creative naming process can begin. We look to bring out names that are unique, but not just for uniqueness sake. We’ll always consider the competition names, and avoid names that bear any similarity to other properties in the area. We want the name to stand out, but we also want it to make sense. Prospective residents should see the name and know exactly what their life will be like if they live there, or at least be intrigued by what their life might be like.
There’s no rule of thumb about whether your property name should be made up or be a real word. Each property is different, and each naming process requires a thorough investigation into which names will attract the most residents. There are rules about properties that are undergoing a rebrand, however. If your property is being rebranded, it’s probably for good reason. You don’t want to make the mistake of keeping certain parts of your old property name. A renaming effort requires total commitment to the new brand. That way, you’ll be able to attract people who are new to the market without any extra baggage that may have been associated with the previous property name.
Those are all the secret marketing ideas for apartments that we’re able to divulge today. When your property is ready for a new name, or if you’ve recently purchased a new property in need of an identity, Threshold has you covered with innovative apartment marketing ideas. We don’t do cookie-cutter and we don’t do boring —unless that’s what your target audience wants.
by threshold | Mar 22, 2017 | All, Marketing
Why Combining Content Marketing and PR Strategies Is a Good Idea
To achieve business success in today’s digital environment, it’s always best to have content marketing and public relations help on staff.
Until very recently, both teams had similar agendas, yet worked separately from one another.
Things are very different now and content marketing and PR teams now seem to be working together more and more. Especially since most are remote workers, it’s easy for them to work together on modern approaches.
This makes sense since they both work in a similar fashion to achieve additional exposure online.
Each one of these teams can deliver the goods as far as online exposure is concerned. But when they work together, their efforts are magnified and together they achieve much greater heights.
Are you thinking about integrating your PR and content marketing teams?
We feel this is a no-brainer, but maybe you haven’t come to the same conclusion.
To help you better understand why these team should always work together from now on, we will share a few different reasons to help you finally see the light.
Putting Everyone’s Head Together Makes Idea Generation a Snap
Whether you’re trying to gain media attention for a hot new restaurant, an app, or a website focused on tech solutions, it’s never easy to come up with story placement ideas that meet the latest trends.
Separately, both of these teams had to find out precisely what bloggers and journalists wanted to publish online. And they also had to discover precisely what their target audience wanted to know more about.
Working together, both teams have the ability to stay far ahead of the curve. They can brainstorm ideas together, research together, and ultimately get better publication placements by working together as a group.
As each team figures out what to expect with placements, the content marketing side will achieve better results because they will target their audience correctly and share relevant content that everyone wants to read.
PR teams will also improve by working with content marketers because they can use all resources to find better placements, better story ideas, and keep the brand message consistent at all times.
Working Together Helps Amplify the Reach of Your Content
Content marketing is specifically focused on creating blog posts, webinars, articles, and other brand identification materials.
On the other hand, public relations work well because they have personal connections with the biggest influencers in your market.
By utilizing these connections, they can get better story placements and additional exposure during product launches and other times when they need an extra boost.
The combination of both of these teams creates an influential and powerful way to touch base with your target market. With every successful product launch they will be able to repeat the successes in a new mission.
But there is one other amazing benefit that you get when you combine PR and content marketing.
Sure, you’ll definitely find your target audience a lot faster. And that’s a great thing that everyone should strive for.
Guess what?
Combining PR and content marketing also makes it possible to reach a new, broader, hungrier audience as well.
Most companies are already investing in PR and content marketing.
By combining both of these avenues of outreach, you’ll have a better chance at increasing your ROI since both teams are already working toward the same objective.
Achieving Brand Message Consistency
Finally, having your PR and content marketing team working together means your brand message is always going to be on the same page.
Why is that?
Well, both teams always know what the other is doing.
By having access to this information, they can share similar stories and focus their content in a similar way so that their message is clear at all times.
Conclusion
As you can see, having content marketing and PR teams working together is definitely a great idea. If you haven’t tried it yet, you should give it a shot and see the amazing results for yourself.
Author Bio
Wendy Dessler
Title: Super-Connector at OutreachMama
Wendy is a super-connector with OutreachMama and Towering SEO who helps businesses find their audience online through outreach, partnerships, and networking. She frequently writes about the latest advancements in digital marketing and focuses her efforts on developing customized blogger outreach plans depending on the industry and competition.
by threshold | Feb 15, 2017 | All, Marketing
The demand for creative residential marketing ideas for apartments is higher than ever in this saturated market. After all, the seven year luxury apartment boom may finally be ending. U.S. apartment rental rates have increased 26% since 2010, however, rents only grew by 3.8% in 2016 compared to 5.6% growth in 2015. Furthermore, the Commerce Department has released figures that suggest fewer newly-constructed apartments being rented out this year than last year. In short, rent prices have stopped skyrocketing and new developments are slowing down.
Differentiation is more important than ever in a saturated market. In Threshold’s many years of experience in residential marketing, however, we’ve learned that differentiation is an easily misunderstood concept. Differentiation is not just a unique amenity or industry-first service offering. Differentiation is answering the question, “Why would your ideal resident choose your property over the property down the street?”
Some communities try to differentiate by offering services like bike repair, tanning beds, and even dog washing areas. While the overall service and amenity offering is important at any apartment community, it’s unlikely than any one amenity will convince someone to choose your property over the competition.
Differentiation is as much about identifying your target audience as it is about having a unique marketing message. Here at Threshold, we work with many different residential industry clients and as a result, we end up creating marketing collateral for many different audiences.
When crafting a marketing strategy for senior living communities, we must consider both the potential resident and their child who is often the final decision maker. The same holds true for student housing, though the audiences are obviously vastly different. It’s vitally important in that industry to create messaging that speaks to Generation Z students, but to not do so in such a manner that we alienate the parents who are actually paying the student’s rent.
Multifamily housing presents a different challenge altogether. In that case, the potential resident is also the decision maker, but that person could be anywhere between 22 and 70 years old. Marketing to millennials is just as important as marketing to empty-nesters, and we often have to accomplish both using the same messaging, design and marketing collateral. Advancements in apartment digital marketing tools have helped target specific audiences, but market research and understanding the client’s property is still just as important.
Differentiation doesn’t happen just because your property has the biggest pool in the market or the lowest rent. Differentiation happens when your property is properly positioned—through strategic messaging and design — to fill a gap in the market. Threshold has positioned over 3,300 properties during our combined 242 years of residential experience. Here are a few examples of positioning the client’s property as filling a gap in the market:
- The no-frills, affordable apartment that still offers a hint of luxury.
- The place to gather for a diverse community of young professionals
- The rustic living space in an urban environment
- The senior living community that helps residents maintain an active lifestyle
- The student housing community closest to campus
- The student housing community that doesn’t feel like student housing
As you can see, positioning can be as simple as a location or as complex as a lifestyle promise. Of course, each of these positioning statements requires many hours of research and competitive analysis. In the end, by identifying the target audience and comparing the client’s property to the competition, we’re able to find the differentiation opportunity. It then becomes a matter of crafting the messaging, digital campaigns and residential marketing collateral that best speaks to the primary differences between your property the one down the road.
by threshold | Feb 1, 2017 | All, Marketing
A recent survey of 2,352 marketers revealed that content marketing and big data are expected to be the two biggest marketing trends in 2017. We say trends, but these two residential marketing tools are going to be around for a long time. The truth is, property managers can no longer expect to drive digital traffic or foot traffic with advertising alone. The market is so saturated and the competition is so fierce, brands need to provide something of value before they can expect to receive any customers. That’s where content marketing comes into play.
Effective content marketing is both highly valuable and remarkably difficult to get right. The Content Marketing Institute defines content marketing as, “creating and distributing valuable, relevant and consistent content.” The problem is that the definition of “valuable” changes depending on your property’s target audience, as does the definition of, “relevant.” At Threshold, we combine audience insights from our digital team with copywriting services to create effective content marketing strategies for our clients. Understanding the pool of potential residents is the first step toward developing creative marketing ideas for apartments.
Big data will steer marketing decisions in 2017 in many ways. Modern data measuring tools haven given marketers the ability to accurately measure the success of marketing campaigns, reveal and analyze target audience demographics and target potential customers by filtering through dozens of audience identifiers.
Marketing automation is another digital marketing tool that will drive leases in 2017. Marketing automation can take on many different forms. At Threshold, we developed HOLA (Handy Online Leasing Ambassador) to nurture our clients’ leads from the first point of contact through the signing of the lease. HOLA and other automated marketing tools are much more valuable than simple e-blasts because they’re dynamic. Prospects are funneled into different channels depending on their level of interest and follow-up. Automated marketing systems are especially popular in the residential industry for a number of reasons. For starters, automated systems like HOLA free up the leasing staff to focus on in-person leads and community tours. Secondly, marketing automation can be used to build and maintain digital relationships with current residents, increasing the likelihood they’ll renew.
Geo-specific mobile marketing is another way to increase leads and draw residents away from your competition. Everyone carries a GPS in their pocket these days, which makes marketing to millennials a whole lot easier. Savvy residential marketers are now able to use smart phone location functionality to target prospects within a certain geographical location. We take advantage of this in a couple ways here at Threshold. First, we use geo-targeted advertisements to display a client’s mobile ads to prospects who happen to be near that client’s property. The other method is to target residents who currently lease from the competition. Geofencing allows us to define areas as small as a single building (like the other luxury apartment building down the block) in which to display mobile advertisements. Hey, it’s a competitive world out there.
If your properties don’t have the latest apartment digital marketing tools, contact Threshold today and let’s get your property on the path towards 100% occupancy.
by threshold | Nov 11, 2016 | All, Culture
Name: Billy Wilkinson
Title: Chief of Everything Else
Billy helps Threshold manage all the little details that go into apartment marketing. Whether’s he’s coming up with student housing marketing ideas or crunching financial numbers, Billy puts in the hard work every day.
Get to know Billy below!
What are 3 words you would use to describe Threshold?
Amazing, Proven, Real
If you had an office nickname, what would it be?
I…have….no…idea…Probably best to ask everyone else this question?
What is your favorite line from a movie?
Do I make you randy baby?
If you were stuck on an island, what three things would you bring?
Pinot Grigio, a lighter, and a boat!
What is the title of your autobiography?
Now you see him. Now you…still see him.
What is/would be your motto or slogan?
The only thing you are guaranteed when you are born is that you are going to die. Your life in between is only as good as you make it.
If you had a superpower, what would it be?
Telepathy.
What is your hidden talent?
Grilling some mean experimental burgers!
If you were famous, what would it be for?
Something business oriented.
Favorite Austin eats?
Whatever’s new. Austin is always opening amazing new eateries to try.
