| Re: recognizing time versus financial investment in early days | <– Date –> <– Thread –> |
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From: Kathryn McCamant (kmccamant |
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| Date: Tue, 13 Jun 2017 09:48:20 -0700 (PDT) | |
RE: Marketing
With all due respect, Sharon, I think you’re experience in marketing cohousing
was at a different time in the very strong Washington DC market. I too had the
experience of thinking it was easy to market cohousing, selling out numerous
projects before construction with relatively little effort. But that was not
the experience in much of the rest of the country. Jim Leach in Colorado always
told me the biggest issue with cohousing was marketing, how deep is the
cohousing market really? Then the country suffered the housing bust of 2008-9,
and I have found it to be much more challenging to find our committed buyers
ever since, especially getting buyers to commit $$ to a project in the early
stages. Add to that the fact that younger generations seek their housing in
different ways than we did, much more digitally than flyers on bulletin boards.
In fact, I think us “old timers” talking about how easy it was to market our
communities has been a real disservice to new groups who feel like they are
failing because people aren’t flocking to join them.
I think this is one of the issues for the cohousing market. We expect people to
“get it” with very little effort our on part. For an example, Shelly Parks who
is a student in my 500 Communities class, says in her old job marketing more
traditional senior housing developments she had a staff of 5 that was expected
to make 20 “voice contacts” EVERY DAY! Following up with people. I agree with
you that personal networks are a great place to start, but most groups quickly
run thru those and then need to really market their projects. I think there is
an ever evolving need to study what are the best practices for marketing
cohousing and where should a group spend their marketing money (and yes, they
need to spend money!), to get the biggest impact for their dollars. Different
approaches make sense at different times in the development of the project, and
different markets react differently. We’ve found placing spots on public radio
to be pricy, but very effective.
If we are going to grow the cohousing market, we need to mature our approach
and be willing to spend money on marketing like the rest of the housing market
does. Otherwise, we have a very limited market of “hard core communitarians.”
And yes, I think it is important to grow the cohousing market because it is one
of the ways we can “save the world” with great environmental and social
sustainability. Heaven knows, people living alone in their single family homes
and apartments watching TV news isn’t going to take us in a healthier
direction…..
Respectfully,
Katie
--
Kathryn McCamant, President
CoHousing Solutions
241B Commercial Street
Nevada City, CA 95959
T.530.478.1970 C.916.798.4755
www.cohousing-solutions.com
On 6/12/17, 9:14 PM, "Cohousing-L on behalf of Sharon Villines"
<cohousing-l-bounces+kmccamant=cohousing-solutions.com [at] cohousing.org on
behalf of sharon [at] sharonvillines.com> wrote:
> On Jun 12, 2017, at 11:05 AM, Michelle Keiserman <msmakman1 [at]
gmail.com> wrote:
>
> We are a group of five enthusiastic households who want to bring cohousing
> to Nevada. Four of us are investing both the time and money ($2500 each
so
> far) for initial marketing to attract more members.
The first concern is spending money on marketing. I think few cohousing
communities will say that marketing in the traditional sense placing ads or
hiring consultants was profitable. One group, for example, bought an ad in the
Utne Reader because a marketing consultant said that magazine’s profile matched
the characteristics of cohousers. They got hundreds of responses and not one
taker. It was a waste of time to just respond.
Personal contact, flyers in health food stores, chiropractor’s offices,
Unitarian Churches, Reform Synagogues, etc. have been much more productive. An
ad on CohoUSA is different because that is your target market.
> One individual has
> invested that amount but does not have the time to dig in and help us get
> the work done. While we recognize the value each of us brings to this
> effort, we are wondering if other communities have accounted in some way
> for the time/effort invested in the early days. We are familiar with the
> benefits of making an early financial commitment, but what if you've made
> both and some other members cannot?
I think most communities don’t and they should. Start out with levels of
promise to households who are engaged and those who are not engaged. “Engaged”
needn’t be measured, but if a household says from the beginning we have money
but no time, clearly they are in a different level of commitment than those who
are contributing both financially and working as well. Make room for everyone
but balance the levels of privilege given to each.
Begin accounting from the beginning. If the first households are investing
$2,500, later joiners should contribute equal amounts or the first contributors
receive greater discounts on their homes. One way or another, things need to
feel balanced when you move in. And people who join later should recognize the
importance of the contributions of the first members.
Build a priority list of first to choose a house/unit based on commitments.
This encourages people to join early on rather than sitting aside and watching.
And: Everyone has 24 hours in a day. No one has more than anyone else. The
issue is how each person prioritizes their time. There are temporary periods of
overload with a new baby or caring for an aging parent, but people have to make
room for building community now just as you will need them to build community
after you move in. It won’t appear full blown when the last box is unpacked.
Sharon
----
Sharon Villines
Takoma Village Cohousing, Washington DC
http://www.takomavillage.org
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- Re: recognizing time versus financial investment in early days, (continued)
-
Re: recognizing time versus financial investment in early days R Philip Dowds, June 12 2017
- Re: recognizing time versus financial investment in early days Mabel Liang, June 12 2017
- Re: recognizing time versus financial investment in early days Elizabeth Magill, June 12 2017
-
Re: recognizing time versus financial investment in early days Sharon Villines, June 12 2017
- Re: recognizing time versus financial investment in early days Kathryn McCamant, June 13 2017
- Re: recognizing time versus financial investment in early days Sharon Villines, June 14 2017
- Do Marketing Models Fit the Market? ... was recognizing time versus financial investment in early days Ann Zabaldo, June 15 2017
- Re: Do Marketing Models Fit the Market? ... was recognizing time versus financial investment in early days Sharon Villines, June 16 2017
- Re: Do Marketing Models Fit the Market? ... was recognizing time versus financial investment in early days Kathryn McCamant, June 16 2017
-
Re: recognizing time versus financial investment in early days R Philip Dowds, June 12 2017
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