Ep 005 Entrepreneurship & Marketing Strategies Worth Stealing w/ Stacie Staub of Live Urban Denver
Stacie Staub from Live Urban Real Estate in Denver, Colorado is a marketing machine. Anyone who has ever met Stacie knows that her mind never stops working. She’s that rare combination of creativity and implementation that has created incredible results in her business and now for her entire company.
A born entrepreneur, Stacie wanted to own her own business from the get go. “I’ve always just had that drive,” says Stacie. “Like, I read case studies for fun, I read Fast Company like a fiend… I love INC magazine. I think there’s something so special about being able to start a business.”
Stacie entered the real estate industry via her husband’s real estate website company. Initially her role was Director of Marketing, but eventually in 2005 the idea of getting her real estate license made sense for both her family and to provide value to the company. “I got really thrown into it,” says Stacie.”His clients started asking for a Realtor on staff…because we all know anyone who has ever been in the process of building a real estate website- they are not built by Realtors… They wanted the web developers to be able to look at their sites from a Realtor’s point of view.”
Starting from Scratch
She began her career hustling buyers with a low cost brokerage. “The bubble burst right as I was finding my stride,” says Stacie. “My first buyers were all first time homebuyers… I had to show them 50 houses, the market was saturated with foreclosures. So showing really crappy houses to first timers… There was no better way to learn the nitty gritty of real estate, the dark side.”
Cutting your teeth on buyers in the midst of a crashing market shapes the kind of agent you become. Getting deals done in that environment taught Stacie to fight for her clients. “People had lost their belief in homeownership,”says Stacie.”and in the value of their homes and they took it out on their houses. It was not a good time. It makes you very motivated to take care of your buyers and to make sure that they’re making smart investments. The market will turn again.”
One day while walking down the street passing out well designed flyers with her Realtor friend Nicole she met Mark White, one of the owners of Live Urban. They were looking for people to attend their Homebuyer Happy Hours. “He looked at the flyers and said, ‘Maybe you guys should come in and talk with me.’ We sat down for an interview right then.”
What Makes a Successful Team?
As her business grew her mom came into the business. Stacie talks about navigating the complexities of combining your business with a family member. “I think that because you’ll have this super strong motivation to help each other succeed it’s the strongest type of team. I can get super frustrated with my mom… but the end result is always good for both of us.”
As a company, Live Urban initially resisted teams because of the breakup fallout.the importance of having a partnership agreement. Live Urban requires all of their agents that choose to team up to sign a Team Partnership Agreement that they had their lawyers draw up. “They have to lay out, if we get to the point where we can’t work together anymore what is going to happen? Who gets our database, who gets the logo, who gets the collateral?”
Teams don’t always work out. I think it’s good to have a breakup plan in place. Just like a pre-nup. There are so many little things to consider, and our contract actually walks them through those waters and makes them think about it before they sign.
The office hasn’t had a team breakup since creating the agreement, but they have also had many agents go through the process of filling out the contract realize they aren’t a good fit after all.
Creating Innovative Marketing at the Brokerage Level
After a few years of successfully hustling houses with her team Stacie decided that creating a career that allowed for a more structured schedule was a priority. Initially she brought her ideas to the brokerage because she was interested and excited about marketing. From annual events to stepping up their social game. “I just knew it could be so much bigger, and we could do more.” says Stacie. “I went home and sort of wrote out my dream job description… I remember this one specific thing I found on the internet, it said ‘I wish someone would pay me to pin.’ I approached the owners and said, ‘This is my dream job and I want to do it for Live Urban.'” The rest, as they say is history. Stacie came on as the Director of Marketing and her friend Nicole Rufener became the Managing Broker.
Stacie is now the Director of Marketing for Live Urban- and is very proud of the brand and culture Live Urban’s agents have. “We have strict standards,” says Stacie. “You have to meet a minimum production, you have to show up, you have to be full time.”
The marketing strategy Stacie and Live Urban have created for their agents is to do EVERYTHING for their agents. Newsletters, great flyers, market reports, videos, websites- every kind of market collateral. “Your focus should be out selling houses,” says Stacie. “You should be doing all of these things that back to basics- build your real estate business… We really give our agents all the collateral they need to build their real estate business within our brand so they don’t have to create their own brand.”
Examples of Live Urban’s great marketing:
Crafting the Sale Video Web Series
Live Urban’s Denver Real Estate Market Update Infographic
Live Urban Denver Real Estate Market Report Videos