Weekend Special: Positioning Edition

Positioning Editorial

Saying no to the wrong listing is what makes a niche real

A specialty you've never turned down business to protect isn't a position, it's a word on your card.

Ask an agent what their niche is and the answer arrives fast: downtown condos, acreages, first-time buyers, the west end. Ask the same agent which buyer they turned away last month because the work didn't fit, and the room goes quiet. That gap is the whole problem. A niche that has never cost you a deal isn't a position. It's just a word on a business card, available to anyone willing to borrow it.

The usual fix is a sharper pitch. Tighten the listing presentation, name the specialty with more confidence, rehearse the line about why you're the obvious call for this kind of property. None of that is wrong, exactly, but it treats the symptom. A sharper script still has nothing to say when a referral walks in holding the wrong kind of deal. The mortgage is due at the end of the month regardless. Confidence doesn't survive a thin quarter; a standard does, because a standard doesn't ask how you feel about the file in front of you.

The actual fix is a written answer to a plainer question. What is the deal you do well, for the client you understand, and what does that mean you turn down. Not a feeling about which buyers annoy you, but a rule specific enough that another agent in your brokerage could apply it without calling to ask. Below a certain price point, outside a certain radius, a property type you've learned you handle badly even when the commission looks fine on paper. Without that line in writing, the niche lives only in your head. That means it disappears exactly when you need it most, in the slow months when any lead looks like a good one.

This is also where the proof comes from. A buyer can't tell the difference between an agent who specializes and one who simply says so; both sound identical on a listing presentation. What they can see is an agent who, handed work outside the stated lane, passes it to someone else by name instead of taking it anyway. That refusal, witnessed once, does more for the position than another year of taglines.

Write down the last several deals you should have turned down. The pattern sitting in that list is your actual specialty, whether or not it matches the one on your card. The reading list below has more on turning that pattern into proof.

— From the editor

The Reading List

A framework for testing whether your niche is real (4 minute read)

National Association of Realtorsnar.realtor

This lays out the categories a specialty can actually be built from, geography, property type, and client type among them, and asks which one you could defend under questioning. Use it Monday to pressure-test the specialty written on your own bio.

A columnist's case for letting the wrong client go (3 minute read)

HousingWirehousingwire.com

A working agent writes plainly about what kept him from ending a bad-fit client relationship sooner, and what it cost him to wait. It's a blunt companion to this week's argument that the standard has to exist before the thin month arrives.