by threshold | Nov 15, 2022 | Creative, Digital Marketing, Marketing, Thought Leadership
 Laura Robbins
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You have your property amenities sorted, your pricing figured out, and your interior design developed. But what does that all mean if you don’t have a name that fully captures the specialty of your real estate building?
Choosing a brand name is one of the most significant aspects of a brand development process. The right name creates an image of your property and brand in the mind of potential customers, sharing the idea of what you’re all about. And, it’s the most important keyword for internet searches.
A strong brand name should be:
- Meaningful: It communicates a brand story and creates an emotional response
- Unique: It should be memorable and stand out from your competitors
- Easily Understood: Avoid words that are hard to read or pronounce – they won’t stick in people’s minds
- Visual: It should lend itself to strong brand colors and imagery
- Future-Proof: You want your name to work now, and ten years from now, so veer away from names that feel really timely
Work backward. Decide what your brand identity, such as target audience, culture, mission, and purpose, will be, and then begin brainstorming names that line up with those needs.
Feeling stuck? Follow along for some tips for determining a successful name for your brand.
Reflect On Your Company Values
Think about your property’s mission statement or parent company’s values – what is it your company stands for, and how can your name tie back to that? Spend time with what your property is trying to achieve, focusing on your purpose and vision. Determining the heartbeat of your brand can lead to a stronger name association down the road.
Connect Your Name To A Story
We communicate in stories, and talking about a brand is no different. Effective marketing connects to a larger target audience through storytelling, which is why your property name needs to mean something. If someone asks you why you named the property what you did, and all you have to say is that it sounded cool, you’re missing out on some really good marketing.
Think about the history of the city your property is located in, what it’s known for, or what interests your target audience has, and then go from there.
Having a great story also allows for stronger visuals (think website design, brochures, signage, temporary leasing space designs), as the logo, colors, and brand patterns all have a north star to draw from.
Less Is More
Short and snappy wins the race! You want to limit the length of your brand’s name, as anything longer than three or four syllables will only be harder for your potential audience to remember. The final name should be punchy, and this is best determined by running any potential names by those who aren’t part of the brainstorming, allowing for fresh eyes and fresh opinions.
Here is where you’ll also want to factor pronunciation into the mix. Your property name won’t only live on signage and a website, it will be said by residents in passing, and therefore shouldn’t be something that’s hard to say or spell. So remember to say any names aloud!
Remember Your Competitors
The last thing you want is to come up with a really amazing name, only to find out a direct competitor has something similar. Standing out from your competition is a key factor in your brand name and final brand visuals, which is why doing research on your market early on is essential.
Consider Creating A New Word
The best way to avoid having the same name as someone else? Create a non-dictionary word. Your name should still have meaning behind it, and not just be created out of thin air, but there are a few ways you can create new words, like:
- Mashing up two words together
- Spelling an existing word in a new way
- Creating a word where each letter stands for something
Plus, what’s more fun than being the owner of a completely new word?
Think About SEO
You heard it here first, do not skip thinking about SEO (Search Engine Optimization) when it comes to naming your brand or property. SEO plays a key factor in determining how popular a potential name is for organic and paid searches.
Say you’re naming your property Dragon (not a great name, but work with us here), then Googling that name will bring up a lot about dragons themselves, the television series “House of Dragon,” a speech recognition software called Dragon, and restaurants in your area with Dragon in the title. A generic name like that could make it hard to stand out in the very competitive search engine space.
Psst. This is why creating a new non-dictionary word might help!
In Summary
The success of your brand and property depends largely on the branding, which begins with a really great name. A name that’s meaningful to your audience, lends itself to great visuals, is short and snappy, and is easy to remember. A name that stands out from your competitors and can be relevant for your audience today, and in many years to come.
Don’t let determining a name feel overwhelming! Have fun with the process and see what unique options you come up with.
For more tips and information about company and real estate branding, take a look at the rest of our blogs, right here on our website! You can also subscribe to our email newsletter, or follow us on Instagram, Facebook, and Twitter!
by threshold | May 24, 2022 | Digital Marketing, Marketing
In the world of student apartment marketing, what you do during the spring and summer months can make all the difference in next year’s occupancy rates. If you’re struggling to fill your final beds for summer or fall semesters, this blog is for you. These digital marketing tips can help you get heads in beds fast.
Use Geofencing To Your Advantage
Know when your target audience is likely to be in town and take advantage of it with geofencing campaigns targeting specific locations. Housing fairs, new student or transfer student orientations, and community or leasing events open to the public are the perfect kinds of events to capture. Once you’ve captured your audience through this geofencing campaign, retarget them with tailored messaging to increase brand awareness, encourage tours, and increase foot traffic. Event retargeting allows you to connect more personally with the audience you captured because you know they attended a specific event for a specific reason and you have a solution to a need that they are looking to satisfy—a place to live.
Raise Your Ad Spend Now When It Matters Most
With most student housing properties, we see August move-in dates and May-July move-out dates, so don’t be afraid to spend your marketing budget in the spring when it matters most and you’re down to the wire to fill beds for summer or fall. Spend your budget on digital marketing tactics that will drive qualified traffic—like search ads—or increase brand awareness—like geotargeting or social ads. Speaking of social ads, don’t just stop at Facebook and Instagram. Think about TikTok and/or YouTube where a video component can go a long way to encourage online engagement. And don’t forget to implement a retargeting component to keep your brand top of mind as prospects continue shopping.
Scale your budget back when you’ve reached your leasing goals and maintain a presence online without breaking the bank. Then do it all again next year. Being flexible with your ad spend throughout the year helps maximize the impact of your ad budget by allowing you to solve for leasing challenges quickly or proactively get in front of them before they even become a challenge.
Strategically Expand Your Audience Targeting
Expand your audience targeting by creating custom audiences based on websites your audience may have visited such as a university housing page. Several tactics allow for customer matching or lookalike audiences. Use data that you already have collected to find similar users.
Refine Your Messaging to Earn More Qualified Traffic
What REALLY sets you apart from your competitors? Ask yourself the question, “Why would a student choose my property over our competitors?” Focus on one or two key differentiators in your ad messaging in order to tap into the segment of your student audience that really values what makes your community unique. For example, if your community is located right across from campus and your competitors are a mile away, focus on your location, using clever phrasing when you can. “Tired of taking the shuttle?” is a great way to get your point across in a playful way.
If you’re not sure what messaging to focus on, try listening to feedback from prospects and residents. What questions are they asking when they call you or visit your leasing office? What feedback have they given you about other properties they have visited in the area? What do they mention in positive reviews on your community? Notice any trends within the feedback and incorporate into your messaging where possible. Getting a lot of calls about pricing? Prominently display pricing in your ad copy and utilize price extensions in search. Getting a lot of questions about a specific floor plan layout? Create a carousel ad on social highlighting that floor plan, detailing the features, and incorporate some photos of that specific floor plan.
And don’t forget about the parents. Parents are still involved in housing decisions and are most likely paying the bills, so don’t leave them out. Your messaging can still be amenity focused and playful while still taking into account the things that are important to parents: all-inclusive living, fully furnished, privacy, etc. Just remember where your parent audience is. Most likely, parents are on Facebook while students are on Instagram, TikTok, or YouTube. Remember to use multiple ads and select different placements so you can tailor your messaging for students and parents.
by threshold | Feb 8, 2022 | Creative, Design, Marketing
In the age of digital-first marketing, traditional marketing strategies sometimes become an afterthought for real estate brands. But even if a prospect’s connection with your brand begins in the digital realm, the physical realm is where it reaches its fullest form, and savvy real estate marketers are always looking for ways to bridge that gap.
Branded promotional items are one great way to connect with prospects and residents beyond the digital sphere. Whether it’s branded apparel displaying your community logo or a handy multitool featuring your community tagline, branded swag helps you make a lasting impression that residents and prospects can literally take with them as they consider where to live or whether to renew their lease.
But not all swag is created equal. In fact, most of us in our time have received some branded trinket or other gift that we found completely useless and immediately threw in the trash. How do you ensure your marketing dollars are well spent on promo that makes an impact rather than being wasted on empty gestures that go unappreciated? The following tips can help you use swag to maximum effect, earning more attention, loyalty, leases, and renewals.
Surprise & Delight With Unique Branded Items
Everyone offers T-shirts, mugs, and magnets, so try standing out from the competition with something uniquely tailored to your community. While these standbys are popular for their universal appeal and cost-effective pricing, sometimes you’ll make a bigger impact by offering something unexpected.
Consider including something that your audience will use often, whether at your community or in the surrounding neighborhood. For example, if your community is located somewhere hot, consider branded sunglasses or even sunshades for their car windshield. Or if you’re located near great golf courses, consider a branded cap clip and ball marker combo. If your community features a lot of pet-friendly amenities, a branded pet bandana or chew toy could be the perfect touch. Think about what your key differentiators are and what your audience is likely to actually use and appreciate.
Go All Out on a Giveaway Prize
There are lots of ways to run a giveaway that encourages new leases, renewals, referrals, or social engagement from residents and prospects. Branded giveaways give you the opportunity to splurge on swag that is truly special without spending all your marketing dollars trying to include everyone.
Branded messenger bags, coolers and camping gear, travel bags and tags, laptop sleeves, portable chargers, bluetooth headphones, and other items on the pricier side can become great swag for a lucky giveaway winner.
Plus, giveaways are great opportunities for social media content. Remind prospects and/or residents about giveaway deadlines and generate buzz by posting about it on your social media accounts, then showcase your winner by posing for a picture with them when they pick up their prize (with their permission, of course). You might even choose to incorporate social engagement into the giveaway rules, requiring people to share, tag, follow, or comment in order to be entered for a chance to win.
Turn New Residents Into Brand Advocates With Welcome Packages
A welcome kit with branded swag is the perfect way to wow new residents and make them feel at home in their new apartment. Marketing shouldn’t end when the lease is signed, after all. Delivering an excellent move-in experience helps turn new residents into natural brand advocates, leading them to share their experience with others in person and online. That means you get word-of-mouth marketing, a great online reputation, and maybe even direct referrals that contribute to higher occupancy rates. Of course, happy residents are more likely to renew their lease as well, and retaining residents is far more cost-effective than what you’ll spend on getting new leads in the door.
A little thoughtfulness can go a long way when putting together your welcome package. Consider what someone would enjoy receiving as a housewarming gift. It could be magnets for the fridge, a nice set of coasters, or a mug. It could even include a customized 12-month calendar featuring photos from the community (and the resident’s move-in date marked on it, for bonus points, plus any upcoming community events you may have planned). Including something for their pet too, if they’re moving in with one, can sometimes be the most heartwarming option of all! Pet toys, bandanas, bag dispensers, brushes, and food and water bowls can all be customized with your branding and included in your welcome kit.
Support a Worthy Cause Your Residents Care About
Branded swag can provide unique ways to showcase what’s important to your brand and demonstrate to prospects that you share their values. For example, a branded compost bin or plantable postcards with wildflower seeds can demonstrate your support for sustainability goals like reducing waste and supporting local bee populations. Branded reusable shopping bags and reusable straws (made of metal or bamboo) are also good options.
Start by doing some research on the causes that are important to your target audience, be it sustainability, supporting local artists, animal rights, education, or other causes. Some causes are more challenging than others to show your support for through branded swag, but this can also become useful inspiration for future resident events and partnerships with local organizations.
Boost Brand Awareness With Swag for Employees
Residents and prospects are typically the first priority when it comes to swag, but don’t forget that employees can be your best brand advocates! Giving your employees branded apparel can be a great way to boost brand awareness in your community, especially when worn at events like housing fairs, grand openings, or bring-a-friend resident events.
Plus, the more you reward your management and maintenance staff, the better your resident experience will typically become. That’s because employees who feel appreciated are more passionate about the communities they serve and better equipped to create positive resident experiences that lead to great online reviews and referrals. Plus, their interactions with prospects will be marked by genuine enthusiasm that becomes infectious, leading more prospects to begin an application.
by threshold | Dec 8, 2016 | All, Culture
Name: Tyler Holmes
Title: Account Manager
Tyler has been working in student housing marketing since college, and now he’s absolutely brimming with apartment marketing ideas and multifamily marketing strategies. On top of that, he also owns the world’s cutest dog.
Get to know Tyler more below!
What are 3 words you would use to describe Threshold?
Innovative, Fun, and Full of Swagger
If you had an office nickname, what would it be?
The Tyl… Squirrel!
What is your favorite line from a movie?
Guys, if I don’t bleed to death pretty soon, I’m gonna die of boredom. – Suicide Kings
If you were stuck on an island, what three things would you bring?
Booze, Bacon, and more Booze
What is the title of your autobiography?
My Life with a Side of Bacon
What is/would be your motto or slogan?
It’s all good!
If you had a superpower, what would it be?
Telekinesis (bascially can do anything!)
What is your hidden talent?
I use to sing in showchoir… so yeah… there’s that…
If you were famous, what would it be for?
Dog Rescuing
Favorite Austin eats?
Rudy’s BBQ
by threshold | Oct 27, 2016 | All, Culture
Name: Kelly Cavener
Title: Art Director
Creating apartment marketing materials that pop off the page takes talent and hard work. That’s why we have Kelly here to bring all of our student housing marketing ideas to life.
Get to know Kelly below!
What are 3 words you would use to describe Threshold?
Creative, Adaptive, Experts
If you had an office nickname, what would it be?
Threshland
What is your favorite line from a movie?
“I’m different from the rest… To them, life is nothing but a fear of dying.” Julius Caeser from “Cleopatra”
If you were stuck on an island, what three things would you bring?
1. adhesive 2. a big knife 3. a knife sharpener
What is the title of your autobiography?
Creativity: The Greatest Weapon.
What is/would be your motto or slogan?
If you are green, you are growing. If you are ripe, you are dead.
If you had a superpower, what would it be?
Mind control of others.
What is your hidden talent?
Piano.
If you were famous, what would it be for?
My kindness.
Favorite Austin eats?
Tom Kha at Saps Thai
