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Real Estate Marketing

Marketing in real estate is fickle, a recent survey proves it

(MARKETING NEWS) A recent survey shows what marketing trends will potentially take flight or lose out in the recent future.

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Marketing forever

It’s easy to get caught up in the marketing channel or tactic of the moment, thanks to the ever-changing landscape of the digital landscape.

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Wouldn’t it be nice to know what could work for years to comes, to ensure a stable prosperity for your business?

Best tactic

That’s exactly what Imprev’s Thought Leader Survey aims to do. According to the survey’s foreward, “[they] asked real estate leaders to predict the state of marketing in 2022,” in order to discern between channels that are “passing fads” and those that “have the potential to revolutionize the industry.”

When it comes to current marketing technology, over 40 percent of those surveyed believe that mobile apps, social media and videos will be most important five years from now.

As one might expect, print advertising (both targeted and in mass) are expected to be obsolete, with only 3 percent of those surveyed believing in its long-term viability. Part of that is due to its limited value as a marketing tool; 33 percent of those surveyed believe it only works for brand marketing; another 17 percent believe it is dead altogether.

What a little less expected is that display advertising falls into that lower tier as well; just three percent of those surveyed believe it will continue to be a viable marketing strategy.

Survey says

When it comes to emerging technology, the five that stand out as most important to the future are as follows: predictive analytics (74%), big data (72%), marketing automation services (67%), Augmented reality/3D tours (46%) and AI (50%).

Marketing automation services are amongst the most likely investment points for those surveyed, followed by predictive analytics and big data.

AI and AR technology may be seen as important, but it is likely cost-prohibitive for certain real estate companies.

The main concerns about marketing in the future come down to effectiveness of spend. Fifty-one percent of those surveyed hoped to increase their ability to measure effectiveness by 2022 while 69 percent believe that marketing technology will make them more productive thanks to automation.

Broker takeover

Finally, when it comes to managing the marketing relationship, more folks see brokers taking control. Forty two percent believe brokers will control the majority of the marketing by 2022; currently, 29 percent find themselves in that situation.

At the same time, those surveyed anticipate a decrease in the instances of total or majority agent control over the marketing relationship.

#SurveySays

Born in Boston and raised in California, Connor arrived in Texas for college and was (lovingly) ensnared by southern hospitality and copious helpings of queso. As an SEO professional, he lives and breathes online marketing and its impact on businesses. His loves include disc-related sports, a pint of a top-notch craft beer, historical non-fiction novels, and Austin's live music scene.

Real Estate Marketing

One company tricked people into swiping an Instagram ad – creative or unethical?

(MARKETING) An Instagram ad is pretty clever and tricked many people into swiping, but will it work for your brand?

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As ads become increasingly taboo, advertisers are forced to come up with sneakier, more obnoxious ways to trick people into viewing their content, especially as the cost for them to advertise rises. While plenty of advertising techniques fit the bill, a Chinese shoe company’s strategy might just take the cake for trickiest ad of all time.

The Instagram ad itself is innocuous enough at first glance: it features a picture of a sneaker with a discounted price, along with a “Shop Now” swipe-up prompt at the bottom of the ad. What makes it so friggin’ devious is an image of a hair laid on top of the whole image. The obvious intent here is to encourage the viewer to try to brush away the hair, thus inadvertently swiping up the Instagram ad and viewing its content.

Regardless of who you are or what you’ve been through in life, you have to admit that this is objectively hilarious.

The intent behind the ad is a bit confusing, though. One of the main points of advertising is to get people on your page – a goal that this ad technically meets – but the last type of person that you want on your page is a disgruntled, embarrassed, and most likely furious consumer who can’t believe that they got bamboozled. That kind of traffic doesn’t exactly lend itself to positive growth and customer satisfaction, which should be the end goal of premiere advertising.

Putting aside the inherent ridiculousness of this situation, there’s a lesson to be learned here: advertising, no matter how socially unappreciated it is, is still an art form, but modern proficiency in it is much less about duping your audience than it has been in the past.

Instead, successful ads are creating positive customer engagement and facilitating conversation – and a fake hair over a picture of discounted sneakers doesn’t really meet that goal.

If you’re looking for some resolution from this story, Instagram noted that the ad was taken down and the company in question was banned from advertising on Instagram in the future, which you can take as empirical proof that devious advertising is falling out of favor.

Then again, we just spent an entire piece giving the company free exposure, so who knows?

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Real Estate Marketing

Quokka: Retargeting ads for people who ignored your email

(MARKETING) A new startup named after our favorite animal amplifies your ad efforts even after being ignored. Sweet!

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Potential customers who ignore your emails just aren’t the obstacle that they used to be. If you’re tired of sending out countless emails and receiving nothing in response, Quokka’s ad retargeting service may be the solution for you.

Aside from having the objectively cutest animal of all time as their namesake, Quokka allows you to follow up with people who don’t respond to your initial emails. Instead of firing off an additional email, however, Quokka’s response is a bit subtler: it shows retargeting ads to the offending customer. This method gives your product or service a second chance without giving the customer the opportunity to bin your follow-up email sans a read.

Quokka also provides you with statistics regarding how many emails were sent out, how many were opened, and how many customers are available for retargeting based on those numbers. This information is provided on an email-by-email basis in their easy-to-use interface.

Once you’ve allowed a certain amount of time to pass, you can plug your mailing list into Quokka and select a platform on which you want to display the retargeting ads. Quokka will determine who on your mailing list didn’t open the email and then show them your ad on your selected platform (e.g., Facebook). While social media ads haven’t been faring particularly well as of late, we may see Quokka find its niche in other marketing venues.

As it sits, Quokka plugs into your Facebook, MailChimp, and Campaign Monitor services. Based on comments from the platform’s founder, Quokka’s future includes additional integration with existing marketing platforms. Ideally, Quokka will eventually be usable with the bulk of mailing services and marketing automation, but getting the app to that point will undoubtedly take some time.

2018 marketing practices already look like they’re going to have to evolve away from some of the pre-established paradigms, and Quokka appears to be one appropriate answer to the underlying “How?” question here. As customers become more suspicious of ads in their inboxes and ad-blocking software use continues to grow, services such as Quokka may be viable solutions for those hoping to reach the most stubborn demographic.

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Real Estate Marketing

Boatloads of webinars, resources to kickstart your 2018 sales goals

(MARKETING) RPR has unleashed a ton of resources to make sure 2018 is your best sales year yet – and you’ve already paid for it, so take advantage.

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Most professionals are setting sales goals for 2018, and are seeking the resources to help get them there. Realtors most certainly are with the changes in the market for more homes to sell, more millennials possibly ready to buy, and most certainly tax reform changes to the game.

Fortunately, if you’re feeling a lack of inspiration to determine how you’re going to reach those goals – Realtors Property Resource (RPR) is putting together a few webinars to help you work smarter and pick up a few new tricks.

While of course, the highlight of the trainings focus on the use of RPR mobile app, they should promise to offer important information. The 4 Part series “4 Steps to Real Estate Success with RPR Mobile” for example, focuses on capturing leads, better communicate information in a listing, capturing open house leads, and improving the buyer tour experience. That series begins on February 21st, and continues weekly for a month.

Realtors unfamiliar with RPR should know that the app is included in National Association of Realtors (NAR) dues, and if you don’t know about it, your first webinar should be focused on getting to know the app, and see how it can help support your business by locating information. That particular webinar can be found here.

Additional topics focus on things from perfect pricing, pre-listing checklist, reigning in buyers, and creating relocation packets – all things that can be done to help facilitate a smoother selling process and help get you more results easier.

This particularly packet of resources should be useful to both realtors who aren’t familiar with the RPR tools, but also maybe the user who hasn’t leveraged the resource quite to its full extent. Most webinars are offered at least 2-3 times, so there are plenty of opportunities to attend a session. RPR also has a number of other resources including articles, social media information, graphics, and handouts for member use. Of particular place for inspiration is the Realtor case studies, where app skeptics may see how the use of RPR can apply to their real world realtor-ing.

Ultimately, this is just one of many possible resources, but if you’re looking to try a few new things to kickstart your sales in 2018, and are looking for tools to help you reach more lofty goals, some free education (that you already paid for, NAR members!), this is a great head start.

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