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Matthew Ferrara & Company

Boston, Massachusetts

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Avoiding Industry Disaster

Sep. 1, 2008

Avoiding the Industry Disaster

 

Just how close is the real estate industry to duplicating the disaster achieved by the airline industry? Contrary to popular belief, neither industry has been challenged by serious technology developments that have created “alternatives” to their essential model. People still fly on planes. Most consumers work with agents. Yet anyone who has had to deal with either industry lately knows that REALTORS are coming dangerously close to recreating the airline industry’s sub-lawyer-sub-car-salesman reputation.

For REALTORS, it shouldn’t take much to avoid that fate. But we must act now.




Read the rest of this blog entry on our website www.matthewferrara.com

User Comments

1. RE: Avoiding Industry Disaster

Written by: Karin Hanna
Sep. 2, 2008
I couldn't agree more Matthew, we need to get into action and start listening and learning from consumers or risk extinction! When you ask everyday people what they think of our Industry most responses are negative, I know i have asked and listened many consumers now throughout America, Australia, London, France as i continue my love affair with travel and real estate. Todays Consumer is demanding change and as an Industry we need to embrace this and look at every we do in new eyes.That of the Consumer! We need to drop archaic mindsets and training and realize that in todays web 2.0 world, all consumers matter, that much of what we think of as best or clever practice is outdated, annoying and often downright frustrating for potential customers.We need to start doing business and marketing differently and get to the point where all our customers say I Love My Agent.

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