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Inman Connect San Francisco – Attracting Real Estate Leads to Listings

Dueling Real Estate Business ModelsIn the real estate business, what is the best model for attracting leads to listings? At the Inman Real Estate Connect in San Francisco today, Sami Inkinen, Co-Founder & CEO of Trulia, and Louis Cammarosano, General Manager at HomeGain, dueled to answer that question.

With a central focus on the agent, Cammarosano spoke of the HomeGain model that has content designed to connect buyers to agents, as well as forms which capture leads. “I don’t think you’re going to hear anyone saying that they closed major sales or sold homes from anwsering questions on a website”, he said, taking a stab at one of the main features on the Trulia site.

In quick defense of Trulia Voices, Inkinen argued, “The mindset of the consumer is moving towards [research] behavior, as they are really doing their homework before making a decision on who to use for services”. He recounted a story that was told to him from an agent who uses Trulia Voices who has received “tons of business” from using the forum.

Both, however, seemed to agree that syndicating real estate listings is a highly effective method. In an open question to the hundreds of real estate professionals in attendance, Inkinen asked how many agents do not syndicate their listings. With only about 1/4 of the room raising their hands, there was a strong indication of how popular and successful this method is for real estate advertising.

Near the end of this intelligent debate, moderator, Brian Boero, Partner at 1000Watt Consulting, asked a thought-provoking question to the combatants when he mused, “How do we get these two models (buyer-centric and agent-centric) to work together?” Suggesting the name “TrueGain” for this merging of models, Boero seemed convinced that this all-encompassing approach could deliver the most powerful real estate marketing of all.

Photo credit: Randy Son Of Robert

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August 6, 2009 · Filed under Advertising, Marketing Tips, Online Classifieds, Online Marketing, Real Estate

Rental Advertising For Property Managers

Rental Marketing

As the rental market becomes saturated with vacant homes and more renters turn to the internet to search for apartments and condos, RentShout launches its online rental marketing service as a cost-effective option for property managers. The service allows property managers to create full-page online advertisements for their rental listings, which are then syndicated across the web to leading rental sites and search directories such as TenantPlus.com, SimpleRent, GoogleBase, and Oodle.

View Full RentShout Press Release

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May 19, 2009 · Filed under Advertising, Online Marketing, Real Estate

The Perfect Candidates are Ready, Willing, and Able for Employers to Find Them Online

Reach the ready, willing, and able employees

Searching for the perfect candidate is a difficult task when there are plenty of prospects on the market. The problem with multiple opportunities is in separating the wheat from the chafe. Today, because of the increase in the unemployment ranks, Job seekers apply for a variety of positions even if the skill set they currently have is off the mark from the description listed in an employment ad. The tight market has made job seekers think about future employment in a more open minded manner. The old confines and constraints that a position would normally hold in a fast paced employment market (i.e. travel, salary, benefits) have become secondary to job seekers. Job seekers who have been out of work for awhile or who have immediate financial constraints are willing to forgo their desires for the immediate need of employment today.

How does an employer sift through applications to find their “glass slippered” candidate? Here are the top three ways to find the employee that fits your employment ad.

1. Circulate

Get back to networking at its most fundamental level. Networking among peers for recommendations is still a top notch way to find qualified prospects for the employment ad you’re looking to fill. Don’t stop with immediate business associates who you come into physical contact with daily or even once in a while. Network online using business social networking sites. LinkedIn allows you to connect with employees, employers and contractors in a social atmosphere. Join groups that cater to your specialties and interests and you will soon be networking with like-minded business professionals. Use the keyword search tool to find contractors and job seekers in the network and peruse their business profiles and recommendations. Post questions to other business owners on how they found top candidates online and put their recommendations to use.

Extend your reach even further by purchasing a premium account so that you can reach out to recruiters and send direct “inmails” (emails) with the normal free account restraints.

2. Permeate

All of a company’s online advertising efforts need to filter through every branch of opportunity. Spread your roots and extend the reach of your employment ad by using simple syndication. The best syndication is the “set it and forget it”, low maintenance approach. Create a branded employment ad with a detailed description of your job specifications and requirements. Go for the gusto. You need to be succinct and to the point without cutting away too quickly from the details. Include your expectations and some of your wish list too. This will help to filter out the meat and potato prospects from the garnish on your application plate.

Choose a cost effective solution that will syndicate your employment ad and do the heavy lifting for you.  Job seekers aren’t just on Monster.com or HotJobs, they are reaching out across niches, job boards and social networks across the Web 2.0 space.  Online advertising companies who continuously ad new websites to their syndication list will provide you with the reach you need for your employment ad.

3. Infiltrate

Who you know is important.  Getting to know the connections of who you know is just as important.  Take some time to create a well with a link to your company and clear contact information.  Invite people you know to connect with you on Twitter and advertise your Twitter account on your website and employment opportunities page.  Seek out potential candidates by using a simple search function of twitter or a more advanced search application created for twitter.

Talk about your company- its perks, its searches, its qualities, its products, its likes, its and dislikes by microblogging online. By using a platform like Twitter to microblog and in 140 characters or less, you can build a branding history behind your company. Who you know will connect you with people whom you might like to know. Associate with these people and they can connect you with even more people.

Suddenly who you know becomes an expansive and endless opportunity for you to find candidates who are ready, willing and able for employers to find them online

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May 3, 2009 · Filed under Advertising, Business Branding, Online Marketing

Create an Engaging Online Business Profile in 5 Simple Steps

5 Steps to Create An Engaging Online Profile

Creating an online profile that’s engaging is a key component of an essential online marketing strategy. The goal in creating a meaningful profile is to engage your prospects. Online shoppers are likely to review several service providers before making a decision. Your business profile needs to be remarkable in order to capture your prospects’ attention within 3-5 seconds or less.

If you are transparent and thorough, prospects will contact you after reading your profile because you have given them enough information openly and honestly for
them to know, like, and trust you.

Here are five easy steps to create a head-turning profile.

Bedazzle with a great photo

A logo is a standard feature on most business profiles. While logos are essential for branding, a photo will add a humanistic quality to your profile. Online shoppers like to know who they are buying a product from and who the face is behind the services they will be receiving. A head shot or full length photo in a casual setting could be just the right touch. Investing money in a professional head shot could make the difference in zero to hero.

A simple photo could be the reason why a consumer chooses your services over a competitor’s.

Make Your Background Visible

Stand out from the crowd. Don’t let your background take a back seat on your profile.
It should appear front and center. Try to stay away from “mechanical copy” that reads more like a robotic resume than an impressive reflection of your skills and expertise. If you have examples of your past work online don’t hesitate to link to it. Consumers and Business Professionals want the play by play highlights.

Sell Your Services with Style

What is it that you REALLY do? Don’t make online shoppers read between the lines.
Provide a detailed
bulleted list of your services. Don’t make assumptions. Your online visitors may never visit your website, so make sure you present every service you represent on your profile. Link out to photos you have of services you have completed or products you sell. If you add services to your business make sure to update your profile.

Oftentimes, people do not list services/products that they don’t perform even though they
can provide a referral to another service provider. Create a small section within your profile that list services your can cover with your own little black book of reputable service providers. The power of referrals can come back to you in spades.

Allow Your Personality to Percolate

Your personality should drip through like our morning coffee brew. Let’s go back to “know, like, and trust”. You can maintain a professional tone and allow your personality to permeate your profile by using a more conversational tone. Consumers and business professionals should be able to read your profile and get a sense of who they will be talking to or buying from, so don’t be shy about including your personal interests and hobbies.

How do you create a conversational profile? Have someone ask you questions and then respond verbally. Record this interview session, then replay and transcribe the words without editing. Once you have laid down this initial track go back and edit for grammar and cohesive writing, but keep the tone of the conversation intact.

Keep Your Contact Points Simple

Don’t confuse consumers. Provide one answer for each point of contact.

You only need to display one phone number, one email address and one website. If you have a blog that is separate from your website and is related to your business
you can include that website address. Also if you micro blog on a platform like Twitter and communicate using @replies and Direct Messages, make sure to include your Twitter Handle (user name).

Use these five steps to create an engaging online profile that makes prospects want to pick up the phone and work with you.

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April 14, 2009 · Filed under Advertising, Business Branding, Marketing Tips, Online Marketing

Online Marketing Gives Small Businesses Big Bank on Their Bucks

Saving Business Cents Makes Sense

In a sea of competing businesses online marketing gives small businesses branding
opportunities. Solopreuners, small to mid-size business owners and even large
corporations are replacing traditional marketing venues like direct marketing
by use of newspaper advertising, bulletin boards, magazine ads, postcards, and
cold calling, for the newly improved internet methods found in web 2.0 offerings.
It’s no wonder with the number of warm handshakes these businesses receive from
their consumers online that small business owners wouldn’t migrate to online offerings.

Now with all generations active online it makes good use of business cents and
is business common sense to create online marketing strategies. The recent statistics
provided by The Pew Internet and American Life Project Study Survey- December
2008 prove that online advertising is integral to a business’s marketing plan
regardless of the age of your target market.

Here is the breakdown of the generations online noted in the study,

  • 93%- 12-17 Year Olds
  • 89%- 18-24 Year Olds
  • 85%- 25-29 Year Olds
  • 87%- 30-34 Year Olds
  • 85%- 35-39 Year Olds
  • 83%- 40-44 Year Olds
  • 80% 45-49 Year Olds
  • 78% 50-54 Year Olds
  • 71%-55-59 Year Olds
  • 62%-60-64 Year Olds

Clearly when it comes to online usage age IS nothing but a number.

Three Effective Methods of Social Media Marketing

Each business should develop an online marketing mix that suits its current goals
and objectives. Small businesses who take internet marketing seriously develop
strategic media marketing strategies that incorporate several facets of interactive
(web 2.0) online marketing or sometimes only a few based on the individual business’s
needs.

Here are three examples of effective Social Media Marketing mediums.

Blogging

You don’t have to be a penned wordsmith to be a good blogger . Blogging comes
in many formats and the key is that blogging is conversational. You can try traditionally
penned blogs. You can record audio tracks which is known as podcasting. A third
method is microblogging and a popular platform for this is twitter. In 140 characters
or less microblogging allows you to engage prospects and carry out easy conversations.

Blogging is a critical component of social media marketing because it allows businesses
to provide information through the use of fresh, relevant content. Incorporating
blogging as par of a company’s internet marketing strategy provides the company
with a good opportunity to be found in the search engines for the company’s desired
markets.

Social Networking

One of the most popular and highly addictive web 2.0 mediums for online consumers
are the social networks. Social networks allow consumers and business professionals
to network among friends, strangers, acquaintances, and professionals all in
one place. If small businesses keep an open mind and keep their networks open
they have the potential to grow their networks exponentially by allowing other
consumers into their fold.

Social networks also allow businesses to update the public on new improvement
in product lines, what an average day is like at xyz company. Social networks
are varied in purpose and the amount of social networks can be mind numbing,
but the most popular platforms determined by marketing research about consumer
online behavior are currently Linked In, Twitter, and Facebook.

Syndication

Social networks and blog platforms are relatively low on cost investment, but
they are far from maintenance free marketing endeavors. To blog and create viable
weekly online content the time commitment involved is a minimum of 5-10 hours
a week. How can you effectively communicate online through providing fresh and
relevant information AND then market that information to all of your contacts
across all of the social networks? The answer is syndication.

Syndicating content allows your message and your information to be reached across
the worldwide web. You can syndicate your content by using an online social service
that will broadcast your updates across the social networks. You can also use
listing syndication for your marketing collateral by using a service that will syndicate
your ads across social networks.

There’s No Time Like the Present Online

The thing most online traveler’s love about the internet is the ability
to peruse stores and services as well as to interact with people online anytime.
More importantly, anytime means on their time in online marketing. If your business
has not yet engaged heavily in online marketing there is no time like the present
to get started. The reach small businesses have online is global and timeless.

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April 10, 2009 · Filed under Advertising, Business Branding, Marketing Tips, Online Marketing, Social Media

Building Your Business in a Web 2.0 World – Web 2.0 Expo Highlights

Web 2.0 Expo HallWhen you think of the Web 2.0 phenomenon, what words come to mind? Transparency, engagement, conversation, guru, apps, social networking, social media, social marketing… any of these sound familiar? Web 2.0 lingo has saturated articles, blog posts, tweets, and conversations across the web, but what does it all mean? And more importantly, how does it apply to the health and growth of your business? Thankfully, the Web 2.0 Expo in San Francisco helped to answer these questions in an applicable way, since it was “focused on ideas and solutions that will translate into real value and ultimately sales” (Bub.blicio.us). Here are a few valuable takeaways from the event:

1. Strategy is Paramount.

When running a business, it is smart to continually educate yourself on the latest trends and techniques that are being used in your sphere and beyond. However, this should not be confused with chasing after every new application or fad that comes along. Just because all the popular kids (aka. the “gurus” and “experts”) are playing with it, doesn’t mean that it’s right for your business. Before investing time and effort into this social network or that marketing technique, think for a minute about the old adage that wisely reminds us “time is money”. Research, establish goals, and define a strategy. Follow through with things that makes sense for your business and “eliminate all things that don’t contribute to progress”. See more on this topic at The Lean Startup Blog and here on Twitter.

2. Sales in Web 2.0 is Okay.

With the gospel of transparency and open communication spreading across the social web like wildfire, sales seem to have taken a back seat. Without a doubt, integrity, honesty, and conversation are important in business. But what about actually doing business? In the session, “S Factor: Why Sales Shouldn’t Be a Dirty Word in Web 2.0“, Alastair Mitchell from Huddle.net explains that Web 2.0 has not replaced the need for a sales force, saying, “Web 2.0 can be used to more quickly build your user base, but not to replace a sales presence”. Perhaps this means separating your social networking efforts from your sales efforts, perhaps not. Whichever is the case for your business, sales need not be something you’re ashamed of. See the whole recap on this topic at the Huddle Blog.

3. Metrics are Vital for Success.

With a session title of “Become a Web 2.0 Metrics Jedi” and an opening slide photo of Yoda in pirate gear, it’s a wonder that anyone attended any other track that hour, and it did not disappoint. Do you create targeted landing pages, optimize your website for search engine success, and design your site for optimal attraction and conversion? If so, you’re on the right track… maybe. You can’t know for certain unless you have set goals and are analyzing the data on a regular basis. How many site visitors are clicking the “sign up” button on the main page compared with the one on the FAQ page? How many visitors are converting to paid customers? At which point in the process are they doing that? Is there a page on your website that has a much higher bounce rate than the rest? These questions will help you understand why you may or may not be reaching your goals, and having the systems in place to answer them is vital. Visit the 500 Hats Blog for a detailed slideshow and recap.

4. Online Advertising is Not Dead.

It is no secret that online advertising is becoming increasingly important as more people are searching and shopping online everyday. The argument lies in which type of advertising is most effective to online consumers and profitable to advertisers. With “ad blindness” affecting most online searchers (a term which describes the tendency of internet searchers to instinctively ignore banner and display ads), it was no surprise to hear that search type advertising is trending way up, just as CPM and CPC advertising is trending way down (JP Morgan 2008 Internet Investment Guide). This was music to our ears, since our ClassifiedFlyerAds service provides targeted search ads that are syndicated across the web. The session (titled “From AD-versity Comes Opportunity”) also predicted that a new type of advertising would surface in 2009-10 that would “fill the gap” between dispay ads and search ads. We’ll stay tuned.

5. More is Not Always Better.

With a theme of “The Power of Less”, the Web 2.0 Expo aimed to convince internet users that more apps, more features, more blog posts, more pictures, more video, more anything, is not always better. Don’t launch a new feature just to launch a new feature; make sure it adds value and solves a problem. On that note, the Lean Startup Session suggested that we ask ourselves these two questions before adding “more”: 1) “What problem are we solving for the customer?”, and 2) “How are we solving it?”. If you cannot answer these questions, perhaps it is not time to add that great new thing after all.

With courses covering four days and eight different topics, there was certainly no shortage of valuable information for businesses at the San Francisco Web 2.0 Expo, much more in fact, than we were able to take in on our own. Check out the recap page, twitter stream, and follow-up news coverage for all of the mind dizzying Web 2.0 advice you can handle.

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April 6, 2009 · Filed under Advertising, Business Branding, Marketing Tips, Online Marketing

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