Create Your Real Estate Marketing Plan in 6 Steps

A marketing plan is your road map to get from where you are to where you want to be. If you haven’t taken the time to put one together for your real estate business, consider taking a few minutes today to draw one up. A marketing plan will help you focus on your most critical tasks to grow your business while saving you time and money. Here are six easy steps for creating your marketing strategy.

1) Review your business. What were your key metrics for last year (sales commissions, listings taken, listings sold, number of clients, etc)? What were your successes? What do you want to improve?

2) Decide where you want to be. What do you want to accomplish over the next year? Based on last year’s performance, what key metrics do you want to hit? Be specific. How much will you make? How often will you work? What types of clients do you want to attract?

3) Review your performance. Which marketing activities are bringing in business? Which are a waste of money and can be cut out? What marketing activities should you invest in, such as publishing a monthly newsletter, developing your online marketing strategy, or doing more business networking?

4) Select your marketing tactics. It can take seven to ten contacts with someone before they hire you. Plan for it. What is the step-by-step process you will implement to convert a complete stranger into a paying client? What marketing tactics will you use to:

* Market to strangers: How will you attract the attention of those people who have never heard of you?

* Market to suspects: How will you follow up with people who have opted in to receive more information but you haven’t yet talked with one-on-one?

* Market to prospects: How will you sell your services to those who contact you?

* Market to clients and past clients: How will you keep in touch with clients, deliver excellent client service, and ask for referrals?

* Market to referral partners: How will you find and partner with professionals and community influencers to cultivate referrals?

5) Schedule your activities. Now that you know what needs to be done, schedule your activities in your calendar. What activities will you do each week? For instance:

* Strangers – Run weekly classified ads.

* Suspects – Publish a weekly email newsletter.

* Prospects – Follow up with phone calls, mailed letters and emails.

* Clients/Past Clients – Take a past client out for coffee each week.

* Referral Network – Subscribe to blogs, newsletters, and social media channels where colleagues interact. Each day, post a new comment on someone’s blog or engage with them on Twitter/Facebook.

6) Schedule a monthly review. Block off a few hours each month to review your marketing calendar and your goals. Are you hitting your targets? What is or isn’t working? What do you need to modify to achieve your goals?

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Do you want to learn more about real estate marketing to make sure that your sales will increase? Well, the only way to do that is to learn more about strategies. Marketing is an essential tool in any business and if you lack that, it is about time you adapt techniques for the real estate business.

There are simple marketing strategies that will help increase your sales in the industry. You may have come across these ideas but failed to remember them most of the time. If you did forget them, it is a good idea if you review the foregoing tips.

Eight marketing strategies for selling properties

The following strategies will give you an edge in making a sale of a property. You should abide by these rules to increase your sales at the same time boost customer satisfaction.

Know the desires of your customers. You should be able to establish what your customers learned about you. In this manner, you know what they desire from a transaction with you.

Be visible. You should set-up an attractive website that will increase your visibility to consumers. Invest on that particular aspect. You may also be part of social networking sites if you want.

Be environment-friendly. The generations of today are aware of the need to go green. Make sure that is part of your legacy if you want to increase real estate sales.

Use appropriate words as marketing tools. Do not focus on marketing your credentials. Always make sure that your client’s needs will be first on your list. Use “you” words more than “me” or “I” words.

Be an expert in your field. You will only gain the confidence of your clients if they know that you are an expert in your chosen field. You may start by writing about tips on purchasing these properties.

Have fun in the process. Being a professional does not mean that real estate marketing should focus much on the glossary of terms for the industry you are working for. It is better if you show your clients that you love your work and that you are having fun with it.

When marketing strategies knock, use them. Every marketing strategy you may utilize should be grabbed all at once. For instance, you may use your calling cards to include a quotation that is true to the business. Buying or selling tips will also be good enough.

Be who you are. You should not strive hard to show someone you are not. It is best to be proud of yourself and allow your clients to notice that. This is considered an essential real estate marketing strategy.

These eight marketing strategies are actually very simple. They will help lessen the hassles of closing a transaction while you work hard enough to increase your sales. You should learn these tips by heart and you will notice how it will help you in the long run. If you can memorize more than 30 terms linked to the industry, there is no reason you will not learn these eight strategies by heart.

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The Commercial Real Estate Market Outlook for 2011

Marketing

Tenant Hunting

You will invest hundreds of thousands of dollars on your property when you purchase it and on-going through maintenance and renovations. Yet some people believe that a 3 line ad in Craigslist.com (with no photos of the home) will suffice to find the tenant that is going to help you build wealth by paying all your bills and acting as the caretaker for your investment property. If care isn’t put into the ad then you can’t expect effective results.

It’s long been proven that consumers are driven by visual stimuli. It is the reason why TV ads sell for more than radio ads or newspaper ads. It’s so easy to go online and surf the local rental websites for a new place to live that virtual window shopping is a huge part of home rental marketing on the internet. A person may not be in the market to move, yet if they see a nice clean ad for a property for rent with an informative & attractive description along with lots of beautiful pictures, maybe they will see themselves living there instead of commuting across town every day and decide it’s time to move into your home.

Internet Ads

We have a background in, and stay abreast with internet marketing. This is SO important to set your property apart from the crowd. People shop for their next home before they go physically looking at homes or even before they pick up the phone to make a call to set a meeting. Our internet marketing for rental properties is broken down into groups based on order of importance and the amount of energy required to create an effective ad.

50% Bright & clear photos that portray the property in a good light and as somewhere you would want to hang your hat. You wouldn’t want to live in a house where it’s cloudy outside all year ’round or even where the lights are off all the time. Subconsciously that’s what people see when they look at your ad. They want a bright and cheery, un-cluttered, clean home. Our pictures show them your property is just that.

20% Descriptive text which communicates everything that’s GREAT about the home and community. People looking through dozens of ads searching for a new home are looking for solutions. We tell them every possible local advantage to living in the property in order to strike a chord with someone looking for just that particular thing. Maybe having a coffee shop close by is important or, if they are active, having jogging paths nearby is a huge bonus.

30% Exposure in the marketplace. Placement is key. One ad in the free classified website is not good enough. The way that we look for things on the internet, especially when we are not familiar about the locality, is Google search. We spend the marketing dollars for advertising your property on a combination of the best results that Google chooses based on targeted key words, and the strength of those sites based on the Google measure of website traffic called Google PageRank.

We invest in advertising your property using the most effective methods possible. The more impressions, which is the measure of eyeball that see our ads, that we get – the more likely we are going to find the top prospect available in the market place of renters to move in to your home.

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