Printed Ads vs Internet ads... What is more effective in Real Estate sales?

As Marketing Director at a leading New Jersey real estate firm this is a question often posed by my agents. According to the New Jersey Association of Realtors 95% OF POTENTIAL HOME BUYERS BEGIN THEIR SEARCH ONLINE. For that reason it is my firm belief that if you are not online, you are not in the game.

But don't take it from me, let the trends do the talking. Reuters notes that print newspaper ad sales were $42.2 billion in 2007, down from a high of $48.7 billion in 2000. That being said, many home sellers still see newspaper advertising as an essential component of selling a home, but younger brokers, home sellers and buyers are clearly more focused on using the Internet. So your answer? AN INTEGRATED APPROACH.

Yes, realtors now have a number of alternatives besides newspapers for listing homes for sale, such as Realtor.com a site run by the National Association of Realtors, in addition to major online destinations CyberHomes, Zillow, Yahoo and more. I can understand how as home-buyers flock online, it's tough on realtors, since home-buyers are expecting to see extensive color photos, descriptions of the neighborhood as well as video tours of the property — all of which costs money to produce. But what also needs to be taken into account are the many LOW COST online marketing methods a realtors can leverage, thus evening out your spend and maximizing your budget.

The absolute biggest trend in marketing during the current economic downturn is Web 2.0 and social networking strategies. Web 2.0 refers to the new interactive areas on the web which includes Blogs, Social Networks, Forums… anywhere content is user-generated and there is opportunity to make connections and relationships with other users. The social web is without question the popular web. It is where people are spending the vast majority of their time online. It is a great place to build community and create real, lasting relationships with people connecting to your services.

For example, one of the agents at my firm is extremely active on ActiveRain. To her credit she won #2 place for blog of the year, 2010, on the site. The very same agent received the Top Listing Agent award at the firm for 2010. This is NOT a coincidence.

And for those concerned about Google rankings… yes SEO (Search Engine Optimization – the practice responsible for engine ranks) matters. All those links you get from social campaigns do a lot of good to boost your search rankings. The two are integrated and reciprocal.

The secret of the web is patience. If you’re patient and driven to succeed, you can outlast, outrank and outsell.

Think you are not web savvy enough to have your own blog? There are free blog services that almost anyone could set up in a matter of minutes. Millions of people blog from around the world. It’s not just something for young people, or geeks, or cool folk, or Westerners, or even for people with their own computers - instead its something virtually anyone with access to a computer and the internet once a week can start up.

Check out this great online video which introduces you to blogging.

Below are some top Real Estate related Blogs as recommended by Real Estate professionals. If you don't have your own blog, commenting on one relevant to your industry is a great way to market yourself, increase awareness about what you have to offer, network with colleagues and potential clients and enhance your professional reputation by exhibiting know-how.

• Behind The Mortgage http://www.behindthemortgage.com/
• Brownstoner http://www.brownstoner.com/
• Curbed http://curbed.com/
• Grow-a-Brain http://growabrain.typepad.com/
• Hot Property http://www.businessweek.com/the_thread/hotproperty/
• Housing Panic http://housingpanic.blogspot.com/
• Inman http://www.inman.com/blog
• Lenderama http://lenderama.com/
• Matrix http://matrix.millersamuel.com/
• Property Grunt http://propertygrunt.blogspot.com/
• Real Estate Marketing Blog http://houseblogger.typepad.com/
• The Real Deal http://ny.therealdeal.com/
• The Real Estate Blog http://franandrowena.blogspot.com/
• The Walk-Through http://walkthrough.nytimes.com/ 

By Jennifer Pricci

The Most Effective Viral Marketing Methods

I struggled with the title of this blog post.  I wanted something kitchy, something to subconsciously imply this is indeterminable... because anybody who tries to sell you a viral marketing campaign should set up shop with an SEO expert who tries to sell you the #1 SER.  It is just not possible to guarantee.

Doesn't mean you can't try...

By far I find narrowcasting activities have proven the most effective for me in terms of generating a viral campaign... Below are 4 such narrowcasting activities I've implemented in my current position over the past year.

Writing 'Special Reports'

• Special Reports work great because they allow you to go into more depth about the Topic or Problem in question where you'll then be able to lead them to how your Product or Service (or Affiliate product) can fix there current problem.
• They give you Instant Credibility, which builds trust in your customer that you are knowlegdable in your industry.
• Website owners are always looking for quality "Free Stuff" to give away or offer to there Visitors and/or Subscribers.
• And your Contact Information will always be inside, no matter what. Meaning, as your report is being passed around the Internet you'll always be able to lead your potential customer back to your website where they could sign-up for your newsletter and/or read up more about your Products or Services you offer.

Putting Together A 'Free eBook'

• Free eBooks work great as well and have the same benefits as I outlined through the special report. The only difference using this approach is, you can put together a free ebook in less time then it would take to produce your special report simply because it doesn't even have to be your own material inside, it can be someone else's.
• And they also allow you to target more then one Product or Service inside because free ebooks are usually a compilation of related articles targetting a particular problem leaving you room to diversify.

Writing 'Articles'

• Writing Articles is probably ONE of the Best and Most Effective Ways to produce a wave of Viral Traffic to your website because every website owner needs FRESH content to feed to there visitors and/or subscribers.
• They also allow you to Target your audience's problem specifically that they're dealing with.
• And at the end of the article you have a spot called the 'Resource Box' to insert your personal Bio and/or Website information. Just imagine if your article were to be picked up by some Newsletter Editor with a large list or High Traffic website and they use it as a 'Featured Article' in there publication, you could see an INSTANT surge of targeted traffic to your website overnight. That's where your 'Resource Box' comes in.

Package a 'Kit' on a Landing Page

• Just using the word 'Kit' sends a message that your prospect is getting something of value. 
• If you package your content of value into a downloadable package that you can store on a Landing Page, you've just exchanged a potentially viral offerings in exchange for lead data.

Perhaps you've noticed what these 3 'viral' methods all have in common...

They're in HIGH demand by website owners.

They're HIGHLY Targeted.

They give You INSTANT Credibility in your industry.

They are all INBOUND MARKETING tactics.

They have YOUR Contact Details leading to Your website.

...they're all FREE!

Marketing In A Recession... Go Guerilla!

In recessionary times, even the biggest companies need to take a leaf from the efforts of smaller enterprises and market more effectively and in new venues. They MUST be more creative in their use of time, energy, and imagination.

That has led to the rise of guerilla marketing.

I have always been a big fan of Guerilla Marketing because of it's ability to directly touch target consumers. In my current role directing the marketing strategies of a large corporation which employs hundreds of independent contractors I have stepped up Guerilla Marketing education, particularly at targeted public events.

In your case you are speaking of the same. I feel experiential marketing is the most effective Guerilla Marketing tactic because of its ability to engage consumers with your brand immediately and, when done correctly, reaches them at a time when they are in a positive frame of mind which drastically increases recall and retention rates.

FuelNet.com (http://www.fuelnet.com/) offers the following Guerilla Marketing ideas that anyone can quickly put into practice:

Partnerships 

Consumers are more likely to listen to a marketing message about a particular business if it comes from another company, asserts Tom Richard, author of Smart Sales People Don't Advertise: 10 Ways to Outsmart Your Competition with Guerilla Marketing. "If you have a marketing budget of $2,000, go find nine other people who have a marketing budget of $2,000, and together spend $20,000 on the best promotion ever done in your town," he says. "You get the benefits of a $20,000 marketing campaign."

Stunt Marketing

Done right, the appeal of this guerilla marketing strategy is that it leaves a lasting impression. For example, Gary's Uptown Restaurant and Bar in Lodi, Calif., once ran a special on Wednesdays where bald men ate for free; other hair-challenged patrons were given discounts. It generated worldwide media attention. "That goes to show that you really can do something fantastic if you have the creativity behind it," says Colleen Wells, coauthor of The Complete Idiot's Guide to Guerilla Marketing.

Experiential/Event Marketing
A few years ago after a 40+ year career in sports journalism with a focus on horseracing, my Father became Executive Editor of the new website HorseraceInsider.com (http://www.horseraceinsider.com/).  While this site quickly gained equine enthusiasts it is also designed for the weekend fan and the site needed to reach this core. During one of the most popular meets in the Country, horseracing at Saratoga Racecourse during the peak of summer, I suggested my Father invest in thousandsof branded hand-held fans. Street teamers canvased each entrance of the racetrack and distributed these fans to people embarking on a day at the races. Not only was this potential new audience for HRI extremely greatful for a tool to keep them cool in 95+ degree weather, but the fans proved walking billboards throughout the racetrack and sparked conversation among those who didn't have one... "WOW, where did you get that, I'm so hot!" Finally, the tangible aspect of this piece remained in the hands of these potential new consumers. And all for less than $.05 each!

A Smile and A Handshake
That might not sound like guerilla marketing, but author Mitch Meyerson believes it's the first step in building a tighter bond with customers. "You could spend a few thousand dollars buying a classified ad and direct people to call you, but if someone in your business is having a bad day and they pick up the phone and have a crabby tone of voice, the prospect will not be interested [in your product or service," he says. "The first rule in successful guerilla marketing is to be upbeat and helpful every single time you have contact with the public. People fall short in this area quite consistently."

In the states, EventCrazy.com (http://www.eventcrazy.com/) is an excellent resource to search over 150,000 events and attractions with select criteria. Best part... it's FREE!

What are you doing to save on Marketing dime?


By Jennifer Pricci

Marketing In A Recession... Go Guerilla!

In recessionary times, even the biggest companies need to take a leaf from the efforts of smaller enterprises and market more effectively and in new venues. They MUST be more creative in their use of time, energy, and imagination.

That has led to the rise of guerilla marketing.

I have always been a big fan of Guerilla Marketing because of it's ability to directly touch target consumers. In my current role directing the marketing strategies of a large corporation which employs hundreds of independent contractors I have stepped up Guerilla Marketing education, particularly at targeted public events.

In your case you are speaking of the same. I feel experiential marketing is the most effective Guerilla Marketing tactic because of its ability to engage consumers with your brand immediately and, when done correctly, reaches them at a time when they are in a positive frame of mind which drastically increases recall and retention rates.

FuelNet.com offers the following Guerilla Marketing ideas that anyone can quickly put into practice:

Partnerships
Consumers are more likely to listen to a marketing message about a particular business if it comes from another company, asserts Tom Richard, author of Smart Sales People Don't Advertise: 10 Ways to Outsmart Your Competition with Guerilla Marketing. "If you have a marketing budget of $2,000, go find nine other people who have a marketing budget of $2,000, and together spend $20,000 on the best promotion ever done in your town," he says. "You get the benefits of a $20,000 marketing campaign."

Stunt Marketing
Done right, the appeal of this guerilla marketing strategy is that it leaves a lasting impression. For example, Gary's Uptown Restaurant and Bar in Lodi, Calif., once ran a special on Wednesdays where bald men ate for free; other hair-challenged patrons were given discounts. It generated worldwide media attention. "That goes to show that you really can do something fantastic if you have the creativity behind it," says Colleen Wells, coauthor of The Complete Idiot's Guide to Guerilla Marketing.

Experiential/Event Marketing
A few years ago after a 40+ year career in sports journalism with a focus on horseracing, my Father became Executive Editor of the new website HorseraceInsider.com. While this site quickly gained equine enthusiasts it is also designed for the weekend fan and the site needed to reach this core. During one of the most popular meets in the Country, horseracing at Saratoga Racecourse during the peak of summer, I suggested my Father invest in thousandsof branded hand-held fans. Street teamers canvased each entrance of the racetrack and distributed these fans to people embarking on a day at the races. Not only was this potential new audience for HRI extremely greatful for a tool to keep them cool in 95+ degree weather, but the fans proved walking billboards throughout the racetrack and sparked conversation among those who didn't have one... "WOW, where did you get that, I'm so hot!" Finally, the tangible aspect of this piece remained in the hands of these potential new consumers. And all for less than $.05 each!

A Smile and A Handshake
That might not sound like guerilla marketing, but author Mitch Meyerson believes it's the first step in building a tighter bond with customers. "You could spend a few thousand dollars buying a classified ad and direct people to call you, but if someone in your business is having a bad day and they pick up the phone and have a crabby tone of voice, the prospect will not be interested [in your product or service," he says. "The first rule in successful guerilla marketing is to be upbeat and helpful every single time you have contact with the public. People fall short in this area quite consistently."

In the states, EventCrazy.com is an excellent resource to search over 150,000 events and attractions with select criteria. Best part... it's FREE!

What are you doing to save on Marketing dime?
 
By Jennifer Pricci