The Pay-For Content Debate

Every business, big or small, needs a healthy and regular revenue stream to maintain quality and continually improve what they do. Running a content website is no different. If you believe you can achieve your financial goals whilst giving your content away for free, then do it, but as Warren Buffet famously said “only when the tide goes out do you discover who’s been swimming naked.” As the recession bites, there will be a lot of website owners exposed to the harsh truth.

The good news is a lot of the rubbish on the web will disappear and the quality content will become more visible. The key to success is generating multiple revenue streams.

• Every content website should provide free content. This will drive traffic, help build credibility and, of course, generate some advertising income.
• Affiliate marketing will become more important in bad times as merchants try to get more bang for their marketing bucks. Online publishers need to hook into this lucrative market.
• eBooks, research and other downloadable products should be sold.
• Events, webinars and courses should be created and promoted via the site.
• Every website owner should strive to find a way of getting monthly subscription income to give their site financial stability.

Ultimately, free content is good, but you need paid content to survive.

The recession will lead to thousands or maybe millions of free content websites closing down.

I think this is a good thing.

As Eric Schmidt, the CEO of Google, recently said the internet is a cesspool of false information. A major clearout will give oxygen to quality content and allow it to float to the surface.

If you are already an online publisher producing quality content for a niche target audience, keep going, your time has come.

If you are considering setting up a niche online publication, I would say there has never been a better time to get started, since the internet began …. provided that:

• You focus on creating fantastic content
• You know your audience
• You plan on making multiple revenue stream(including, if possible, subscription revenues)
• You understand that it will take hard work and persistence

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 First Three Steps Toward Social Media Marketing

While other channels are looking at cutbacks, social media marketing is on a growth path because it's low cost, it's proving to work, and it represents the future of marketing.

Creating a social media marketing plan should depend on your market’s needs and your company’s capabilities and offerings.

In my opinion, your first three steps should be: 

1. Clearly identify your target
2. Identify the key issues your target cares about as it relates to your offerings.TIP: create a bulleted list with no more than three or four words per item
3. Research which, if any, top bloggers are discussing these issues.TIP: User your bulleted list to search.

The following are good places to start:

• Technorati
• Del.icio.us
• Google Blogsearch
• Ask.com Blogsearch

Inevitably, any substantial subject matter area has a back channel where top bloggers and influencers chat. For example, PR and marketing bloggers tend to connect on Facebook, Twitter, and to some extent, LinkedIn. This back channel can yield powerful connections to highly influential minds who may not have blogs with top statistical ranking.

Marketers looking to find their subject area’s back channel should start with a basic search. Once your initial search yields important blogs, visit them and note which social networks the bloggers use to connect. Join their communities. And learn what your target really cares about.

Don’t just observe, participate. Comment on blogs and social networks in a non-promotional way.