My Haircut is Not Fungible — Steamboat Stories
A Revenue Enhancement Weblog for Real Estate Professionals from Altera Performance Group
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My Haircut is Not Fungible

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I have choices when it comes to getting my hair cut. I could go to Mountain Cuts for an inexpensive “blow & go” cut by a recent cosmetology grad. It may be a fine service for some but I prefer a little more experience and aBad Haircut higher quality hair cut so I go to Savanna at The Comb Goddess. I pay more and I get more. I pay more and I experience lower risk that it’s going to be screwed up & I’ll look like a fool. Both are hair cuts but they are not the same. They’re not fungible. (Fungible means that there is no difference in value between two or more items. For example, a $20 bill is fungible with any other $20 bill and it’s fungible with roughly $200 Mexican pesos.)
You can’t swap either haircut for the other and have the same result (the guy in the picture doesn’t get this). Savanna delivers additional value and I pay a higher price.

Most if not all of what you do to market a property is not fungible.

How about your real estate marketing? Most if not all of what you do to market a property is not fungible. Point & Shoot digicams won’t capture the same essence of a property as an experienced photographer with a digital SLR. You can’t simply trade one for the other and have the same value.

Writing ad copy 30 minutes before the deadline is not the same as a well crafted message done by a professional copywriter.

Venturing into the online realm with the cheapest web company you can find won’t be the same as investing time, energy and money with an experienced e-business outfit.

Just as we, the consumers, can tell the difference between a bad “bowl cut” and a killer style, we can tell the difference between elegant marketing that tells a compelling story and cookie-cutter-hack-job marketing. They are not the same. They’re not fungible - they don’t have the same value. In a crowded, competitive market, paying more attention to the quality of your marketing and less about the price can make a huge difference. We notice.

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1 comment

1 Eliese Pivarnik { 06.06.08 at 8:21 am }

Excellent post, Jay! Once again, you nail it.

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