Filing this one under we are living in the future. As I close out journal number one, a couple of books from 1996 planted ideas that have stuck with me for 30 years. The Discipline of Market Leaders says businesses win as product leaders, operationally excellent companies, or customer intimate companies, and I realized real estate is really all three across the before, during, and after units.
The One to One Future by Don Peppers and Martha Rogers predicted the privacy issue and imagined a future where we'd each have an advocate, someone we share everything with who acts as our intermediary with the marketplace. I coupled that with the customer intimate idea and saw the opening.
Then I mapped the cradle-to-grave list of where people spend money, from babies and toddlers through weddings, homes, cars, and retirement. Every one of those is a contextual certainty, something lots of people are moving through, and almost nobody steps up to organize the category and be their advocate.
The biggest prize is the first-party relationship with a homeowner, which is why companies like Rocket are combining mortgage, insurance, and brokerage. Whatever your business is, start asking who else serves the same person. That closes journal number one, 17 episodes in, with about 150 journals still to go.
Show notes: https://deanjackson.com/podcasts/tol/032-30-years-later-people-still-spend-their-money-on-these-core-things/