Enter
your email address to receive Rob's blog by e-mail:
Re-branding and re-vitalizing:
RE/MAX Realtors
Originally, RE/MAX was an international real estate brokerage whose
point of difference was allowing real estate agents to keep 100% of their
earned commissions, as opposed to the standard 30% allowed by other brokers. It
didn't take long for the movers and shakers – the industry “high producers”
-- to become RE/MAX agents.
RE/MAX's brand was executed only with a vague, meaningless tag line:
“Above the Crowd.”
Third party research indicated something far more interesting, namely
that “the average RE/MAX agent outperformed the average real estate agent
by a margin of 3-to-1.” That meant RE/MAX was “the maximum real
estate had to offer” to its three most important markets:
The consumer, who could purchase or sell a home faster.
Agents who earned more from realtors, which made recruiting them
easier.
Franchisors, who realized that the real money was in recruiting and
hosting RE/MAX agents, not sales.
The result was “The maximum real estate has to offer”. Which spawned
programs and enabled RE/MAX to successfully invade Southern California
where it previously could not flourish. The brand strategy was
featured in their print, radio and TV and has remained for years since.