And so it got me pondering the state of how we get our information these days, and how quickly media has changed. The blog itself is something I would never had read without the advent of the internet (itself only a 20 year old invention). By the time I read it, it had already attracted 50 comments.

On election night (morning in Australia), I found myself searching #ukelection and #ge2010 twitter themes to read what people were saying as the results came pouring in. Most of them were watching the same telecast I was half a world away (I found the BBC player online somewhere which had been blocked on the official BBC web site). They were reacting to the same commentators and politicians pontificating in front of us, which we were all viewing in real time. Yet, it was these live twitter comments and reactions which drew me in. They had far more validity and were much more entertaining and “real” somehow. They were from people who I did not know and would never meet, but whose opinion had more power and meaning than the pollie spruikers set up in adversarial mode by an aggressive media front man bating them into actually saying something.

Opinions poured forth over the twittersphere – every minute I could refresh the screen to read dozens more updated “tweets” (those 140 character short messages served up by twitter users).

I turned to an ex school friend of mine (a passionate Liberal Democrat and someone I’d not physically met in 30 years and only recently got back in touch with thanks to Facebook) and discussed the outcome with him and his ‘friends’ (we have only one in common, another ex school friend I’ve not seen in 3 decades).

As we collate information (on anything) directly from the sources of individuals whose opinions are as good as anyone else’s ‘in the media’, so we are simply returning to our tribal roots. It’s where we all came from (and still are really) – learning, teaching and sharing.

Of course, this is devastating news for traditional media who have much invested in their print presses, TV and radio stations. Over the past 100 years (a miniscule time frame in the grand scheme of things) they have informed us on what they believe we want to hear, read and view, and when we can get that information too. Our grand children (and maybe our children) will think it quite twee that we all once sat down together with our families at the predetermined time to watch TV programmes (I remember what an ‘event’ the 6pm nightly news was every night in our household in the 1970s). Those days are over.

If someone wants real information on property, who better to tell you than your knowledgeable local ‘tribe’ member? The person selling real estate who lives around the corner from you, the property manager who’s seen everything a thousand times and in a patient manner organizes the leaky gutters to be fixed for the hundredth time. They are the experts, and they ‘know local’ like no one else. 20% of those looking for rental properties in Australia search rentals on twitter. Of the 7 million Australians on Facebook, half tune in every day, and more are aged over 40 than under 20.

If you’re not there, you cannot be noticed or listened to. In this way, twitter, facebook, blogs and the like are merely tools of communication. No silver bullets. No one can give you the scripts and dialogues, but if you view this all in the right manner, you’ll know what to say when the time comes. You’ll make mistakes. You’ll learn it by doing (and listening). Join the conversation. We like to pass on interesting snippets, we like to help, we are good people. It’s tribal, it’s in our nature, it’s who we are.

Photo Credit: Maasai Tribal Dance

Jill Tarter: Why the search for alien intelligence matters (TED Prize winner!)
The SETI Institute’s Jill Tarter makes her TED Prize wish: to accelerate our search for cosmic company. Using a growing array of radio telescopes, she and her team listen for patterns that may be a sign of intelligence elsewhere in the universe.

Sylvia Earle: Here’s how to protect the blue heart of the planet (TED Prize winner!)
Legendary ocean researcher Sylvia Earle shares astonishing images of the ocean — and shocking stats about its rapid decline — as she makes her TED Prize wish: that we will join her in protecting the vital blue heart of the planet.

Gustavo Dudamel and the Teresa Carreño Youth Orchestra: A musical sensation from Venezuela.
The Teresa Carreño Youth Orchestra contains the best high school musicians from Venezuela’s life-changing music program, El Sistema. Led here by Gustavo Dudamel, they play Shostakovich’s Symphony No. 10, 2nd movement, and Arturo Márquez’ Danzón No. 2.

Jose Antonio Abreu: Help me bring music to kids worldwide (TED Prize winner!)

Jose Antonio Abreu is the charismatic founder of a youth orchestra system that has transformed thousands of kids’ lives in Venezuela. Here he shares his amazing story and unveils a TED Prize wish that could have a big impact in the US and beyond.

See Past Ted Talk Winners 2009/2008, 2007, 2006. 2005

Visit the Ted Website

All TED Talks

Yes: Certain text copied directly from TED website.

So it got me thinking, what is an expert? Well to me, an expert is someone who tells you something you should already know. There are no experts that can actually predict the future accurately.

After spending a few weeks in my Hawaiian shirt and cabana shorts I decided to put some pen to paper and fax this off to Peter to type out, with some instructions on how to actually copy word for word what I write – alongside some hints from Julie Bishop on how to do this.

Here is some advice from the old man for 2009

Sportspeople flogging property developments:

You can always tell when a person who has recently retired will do almost anything for money, especially when it is flogging off ‘amazing’ investment opportunities. Glenn McGrath – the best way to muddy your name after decades building it up is to get on board for some quick cash and flog real estate, yes, this maybe a great investment, but history has shown us that these developments can be dubious at best – after all just ask Craig McDermott how well this works out in the long term Glenn and stick to the charities and flogging caravans. 

Executive Salaries:

Well we thought these guys were gurus, turns out they just heard someone else made a killing on something so they just all followed the pied piper until it all came tumbling down. At least we no longer have to listen that old chestnut – that you need to spend money to get the ‘best talent’! So my hats off to the best of the best around the globe who have made middle income earners across the worlds bail out about 10 trillion of their debt. 

Everything I have: 

Every time I hear the heart wrenching story of a person or family sinking their last dollar into a financial services company or property development my heart bleeds – for about 5 seconds –  then I think, hang on why did you put EVERYTHING you had into it? You deserve to be burnt. The only things anyone should ever put all their money into is their principal place of residence and/or your business.

George Bush:

Most of you might be happy to see George Bush go – unless you are in the richest 1% of Americans, who will miss him dearly. NY Times reports that when Georgie Boy took over from ‘The Cuban’ Clinton – the richest 1% of America only took home 9% of the weekly American income and when Gorgeous George left office it was up to 23%!. Not only that, average US wages dropped by $2000USD per annum over the 8 years George was at the helm. Ouch! History does not look too kindly on those figures George, no matter how many memos you send to the press corps :)

Savings?

The recent Foxtel campaign is amusing! I am at a loss to understand how joining Foxtel saves me money? If they take $30 per month out of my already dwindling account, how does that save me money? That’s $30 less than what I would have if I didn’t join Foxtel. 

Insurance:

As bushfires raged across Australia, we now get set for some technicalities that allow insurance companies to deny payouts. I always wonder why insurance companies can worm their way out of payouts.

I have an idea, it is quite a simple one. I think insurance companies should have to list what you are not covered for, in relation to the type of insurance you have taken out. I bet you a monthly terrorism surcharge that would be a long list!

Mortgage Stress?

When I purchased my first home in the 60′s, I owned my television (His Masters Voice) and my radio, I only called family and friends when I needed something/to go somewhere and I paid cash for my car! In fact my only monthly debts were for my house, phone, wife and electricity bills. Today the majority of Australians make payments monthly on the house, car, televisions, stereos, mobile phones, phones, Internet, cosmetic surgery and of course Foxtel. See where I am heading with this?

My Pet Hate:

About the only time I ever curse is when a politician speaks these words “Australians are smart enough” followed by their opinion on some subject. I think we should have a big wet fish come across the screen and slap any politician who utters those words. 

President Obama

: Yes, I must admit, I kinda like the guy who speaks a little funny. One thing about him though, he is probably the best speaker I have ever come across. I remember the night he won the election and he gave one of the greatest speeches I have ever heard. Now, cast your mind back to Kevin Rudd on election night, I am a swinging voter and went to a little gathering at a local farm, most of the people there were supporters of Kevin Rudd, by the end of the speech they were booing and hissing, it was just so darn boring. I hope he reealises it is not only his words but his delivery. From now on Kevin, just give us the facts as you see them and shut up. Also Kevin, don’t get your speechwriters to use swear words as we know it is just not you and you end up spending all night saying rosaries instead of fixing the economy.

Finally…..

We have the worst wage to mortgage ratio in the western world, but we have bigger problems, it is just too easy to get credit. This is the root of all of our problems. Hopefully no more!

So I am now sitting here eating breakfast and spitting my muesli all over the television as I hear our Prime Minister speak. That Barack fella spoke and had the cats ears perking, the finches shrieking and my wife going all gaga, then Kevin comes speaks and everyone has lost the will to live.

Over and out!

But I thought some agents might still be intimidated by the idea of getting together their own real estate podcast. So, I asked journalist and podcaster Mark Jones to share some tips with Business2.com.au.

Q. Mark, you are the Australian Financial Review‘s former information technology editor, you host the Scoop podcast for MIS magazine and your company Filtered Media provides editorial, social media, speaking and consulting services.

Tell me, why should real estate agents podcast?

A. Well, first let me give you some kudos for this blog. I speak with many people in the communications & PR profession and few have made the leap into the blogosphere.

Podcasts are a powerful form of media because in the first instance they appeal to our desire to listen to audio content on our own terms. Radio is great, but podcasts are better because you have access to a literal universe of ideas on your mobile device when you’re on the bus, train, or working at your computer.

The amazing opportunity for real estate agents is that podcasts appeal directly to their core skills. In my view, real estate is only partly a sales function. You are in the people business – understanding their needs and finding solutions.

Agents are a source of valuable information on everything from market trends, to demographics and local news and politics.

If you want to build trust and be known as an expert in your field, hosting a podcast and inviting clients on your database to listen is a very easy and effective way to achieve that goal. If they keep listening to your show, you will always remain top of mind – and that’s the goal, right?

Q. How has the Scoop podcast performed as a business tool for Filtered
Media?

A. I produce The Scoop because digital media is my passion. Hosting a business technology show was something I had always wanted to do – and I believe you’ll have more success in life if you follow your passions. So there are benefits that have followed from that approach.

Through The Scoop I am regularly staying in contact with my business network. Media and consulting is very much a word-of-mouth business, so this is a useful way of remaining top of mind among industry peers. Beyond that, the podcast’s core function is actually to build value for misaustralia.com , so I don’t think about the show in purely selfish terms. If it doesn’t create value for MIS, it won’t continue!

Q. You told me that you have two brothers-in-law who are real estate
agents. Do you think most agents are technologically sophisticated enough to
create a podcast for themselves?

A. Yes, I do. One in Sydney and another in Canberra. Both of my bros-in-law are what I’d call proficient gadget users – they’ve got iPods, smart phones, notebooks and so on. Really, that’s the level of technical proficiency you need to record a podcast. The real skill in media, regardless of format, is your content or story ideas. Content is king!

Q. How much of creating a podcast can a real estate agent outsource inexpensively?

A. You could outsource your podcast to a friend or colleague, but really I think the personal touch is better. At its most simplest, you need a fairly current computer, a microphone and headphones (or headset), and some editing software. Apple’s GarageBand (free) is great, or on the PC try Audacity (free) or Adobe Audition.

Q. If you were a real estate agent creating a podcast, what are the first
three things you would do to make it happen?

A. 1. Listen to other podcasts first. Get an idea of what different styles and formats work for you.
2. Talk to colleagues and clients about your ideas for a show – what do they want to hear?
3. Record your first show, or pilot episode, and publish it on the web. Get feedback and keep improving!

Q. What kind of topics would you focus on?

A. It’s a hard question to answer because it will depend on the industry or markets you serve. You might want to go broad and talk about macro trends in real estate. Or you could go hyper-local and talk about issues in your immediate community.

Q. Is there one rule of podcasting that a newcomer should follow?

A. Just be yourself. Podcasting, like radio, is a very personal form of media. Remember that people are looking to be both informed and entertained! Don’t be afraid to edit down your show if you think it’s rambled on for too long.

Q. How important is it for agents to produce podcasts regularly?

A. The answer is yes. If it feels too daunting, try once every two or three weeks, but really I think you should aim for weekly – even if it’s just a 15 minute show. There are no rules about how to approach topics, but the “how to” idea is a good one. Magazine empires thrive on the “5 ways to bake a cake” idea.

Q. Do you know of any real estate agents that use podcasts effectively?

A. Nope, sorry! Have a look on Google or iTunes Music Store and I’m sure you’ll find plenty of examples.

Q. What resources are out there that can be helpful to agents who want to
create podcasts for the first time?

There are plenty of bloggers and podcasters who have written helpful guides. Again, a quick internet search will lead you in the right direction.

Q. Does Filtered Media provide podcast services to businesses like real
estate agents? If so, what sort of things do you do?

A. Yes indeed. I thought you’d never ask! :)

One of the services I provide is to visit a company and speak about trends in digital media such as podcasts, blogs and social networking. From there we can work on a strategy to determine which forms of digital media will achieve your objectives.

I currently provide a mixture of strategy, training and outsourced digital production services. I’m finding there is a lot of interest from people wanting to understand digital media, particularly among large companies.

Real estate is spelled S-E-X in China.

Vodafone to sell the iPhone in Australia.

But, Vodafone might not be the only one (and here).

Suncorp and LJ Hooker launch real estate podcasts.

How to cope when Google dumps you.

First banks in Spain raise mortgage interest rates, then they encourage borrowers to invest in their own stock funds and certificate of deposits–instead of buying a house. Real estate agents are outraged. (in Spanish).

WAN gets realestate.com.au to power its real estate website.

Real Estate Agents obtain business through a variety of ways. Buyers who become sellers, referrals and street smart prospecting are all a part of tapping into the consumer stream and most likely potential business has arrived from your marketing dollars. Given that the majority of (potential) consumers will view your website then it should be a priority to regularly update and manage it effectively to maximise the return to your overall marketing investment.

A website is a reflection of the business it represents. A well designed, regularly updated website will be a tangible asset to your business, an effective pipeline to productivity and gain. Equally, a poorly maintained, out of date site will be a bottleneck that turns consumers away; and, a liability to your business and the money invested in ongoing marketing and advertising.

Statistics released on 18th March 2008 by the Internet Measurement Company Nielsen Online showed that the amount of time Australians are spending on the internet, “Has for the first time ever, surpassed the time spent watching television”.

Your website can present valuable interactive aspects that cannot be offered via print, television or radio.

Even when it comes to offline advertising, your website should still be utilised effectively as a virtual shop front to your business, one that is an efficient, purpose driven site, an online entrance point for potential consumers and one that will efficiently guide them to where they need to be, that is your businesses services, products and resources, a site that assists in the path of conversion from potential consumer to customer.

Given the above you can quickly ascertain how your marketing dollars will fair when operating an up to date, well managed website as opposed to one that’s not.

There are many different aspects to consider with the development of a successful website including up to date presentation and technology, automation, search engine optimisation, user friendly navigation and quality up to date content and resources that attract visitors. These are just a few of the many points to be considered with your web development professional. Below are a few points to consider from a management perspective:

*Note that some of these points may not be applicable to Franchise operated websites and systems

- View your website as its own department and manage it effectively. Understand your website can be an asset or a liability, a pipeline or a bottleneck for your business. It needs to be developed and managed with a focus over time to maintain a positive consumer impression.

- Gain regular, quality feedback from your website visitors. I cannot emphasize this enough. They are the ones who will swiftly choose to stay or leave your site, this is where you will either gain or lose a consumer so you had better know what the majority of them think. Feedback can be obtained by having an interactive submission form on your website with a few questions and tick boxes regarding the visitor’s experience (or) a simple feedback request form for salespeople when talking to consumers; you might be surprised at just how much feedback you receive. This feedback is valuable but only if you take the action and implement change.

- If you haven’t already, make it a priority to invest some time into resourcing a good web development consultant and work towards building a positive long term commercial partnership with them. Although it’s not imperative, try to source a developer that understands the culture of the real estate industry or is open to learning. A good web consultant should be positive about your business and the industry in general. They should also be up to date with most web based platforms and systems. Some developers will prefer certain platforms or systems and should have the facts as to their preference.

- Request an evaluation by your developer for your web and internet parameters. You will start to gain a very quick picture as to whether it’s time to bite to bullet and go for a full redesign or at the very least a priority list of tasks large or small to be implemented over time. Your site should not just contain property for sale/rent and a few testimonials, it should be a hub of up to date information and resources that are high on the list for users who are searching.

- When it comes to web based knowledge accept the fact that it’s not your speciality but it is imperative that you do gain a basic understanding of e-commerce and web based business. Although you don’t directly make a product sale online you do market property on the web and this is the starting point of a potential sale. The world is moving swiftly towards web based interaction and if you don’t keep up you will be left behind.

- Understand that a website will never fully arrive. It should never be a set and forget system. Even in a recent upgrade situation there are ongoing improvements that can be implemented over time to make sure your site is providing a positive experience for visitors and delivering the best possible return for this department.

- Include web upgrades and development tasks into your annual budget. You do not want your website to be placed in the too hard basket; it should be one of the tasks you give priority to.

PBL & MICROSOFT
1. It was without doubt the most anticipated launch of 2007 and is without doubt the worst major real estate website in Australasian history. I still cringe when looking at it. How could two major companies, Ninemsn and Microsoft get something so drastically wrong? Agents found themselves subscribed to a site they had never subscribed to, with listings sold years earlier. Agents also found that agents who no longer worked at their agency were listed alongside listings no longer under their agencies control.

2. MyHome struck a cord with only themselves and thus will fade further into oblivion in 2008 unless someone steps in and makes some radical changes. MyHome incorrectly perceived themselves as pretty cool. The standout memory for me was Senior Management in the Applesque (Steve Jobs) photo pose splashed in newspapers across the land. Soon, after all senior management had gone, the site tried in vain to claw back some respectability.

3. What do you do when you have a website with only 30% of your competitors’ listings and exactly the same data within that small percentage? What do you do when statistical data tells you that people stay on your website for less time than it takes to boil a kettle? It seems MyHome’s idea was to spend millions of dollars just telling everyone about it. When will it run out? Well, as soon as the people paying the bills ask one very simple question “What are we getting in return for our money?”

TELSTRA
1. Has any one company spat the dummy so many times in the past 12 months? Good ol Sol knows a good monopoly when he has one and will do anything to maintain the status quo. Many developed Nations have real broadband and laugh at us whilst we still pay ‘line rental’ and have local and national call rates, we will continue to be held to ransom by Telstra until there is real competition. Telstra have tried in vein to make the public warm to them, however the majority of Australians have an immense dislike of the company after many years of being dictated to and so are eager to move on to other offerings such as Naked DSL . (No need for telephone lines here and free local and national phone calls including broadband for one monthly fee.)

2008 will be an absolute shocker for Telstra unless it can get what it wants.

FAIRFAX DIGITAL
1. Fairfax Digital are one of the most progressive technology companies in Australia. However even big boys forget to pay their bills. One overzealous accounts department person from Web Central decided to suspend the domain name www.commercialrealestate.com.au for non payment of an $88.00 invoice. The site was down for a number of days. Of course News Ltd Newspapers made the pain last longer with many articles on this most basic of blunders.

2. Websites go down, but Domain seems to be down more and more. The reason? Who knows, from my experience it comes down to too many developments slapped on top of other projects until something simple fails and brings the whole deck down. Let’s hope it is all behind them as it makes no difference to agents invoices and only costs them potential business.

3. Adore may have had a big launch and may have had some enthusiastic backers. However, it was just another website for chest thumpers and has been slowly whittled away to nothing more than an expensive exercise. Another example of an executives idea of making more money out of agents. If the data is the same that is on a main website with all the listings then consumers will simply not bother, no matter how pretty it is.

SENSIS
1. Justlisted.com.au noted as one of the worst real estate sites ever in Australia’s big business history went for a revamp early in the year. A notice was sent out that they would be closing over the New Year and performing maintenance on their website. Some 14 days later the website was up again resplendent with all of the changes you would expect from such a significant outage– Absolutely Zero.

2. Many wondered what the hell the people at Sensis were thinking when they built a website with, well, exactly the same information as that which is on Domain.com.au. Granted it is a nice little idea, but can someone tell me why I would visit a site to search for listings which just sends me to another website to view those listings when I could have just gone to the destination site in the first place?

3. Maybe they were scared because big boy PBL got it wrong, maybe they thought it was just too hard, but by giving up on Real Estate, Sensis has become a lightweight of the Internet. With so many other web based services that are successful you would think a slow building national real estate portal would be a feather in their cap. Instead we have – well I am still not sure what we have with Just Listed.

4. I still wonder why agents spend so much money on massive ads in the Yellow Pages, I really do not know anyone who uses the print directory any more. I am sure their are hundreds of thousands who still do, but the Yellow Pages print version is destined for oblivion. Well, I thought that was the case, until a Yellow Pages executive posted a comment to my article on business2 touting that the directory was responsible for $61 Billion worth of sales to advertisers in capital cities alone! Now that is around 1/20th of our GDP. If this was the case the directory would be filled to the brim with advertisers and would need to be delivered by forklift. Of course it was internal research. So how is this done? Well just grab a calculator and multiply heaps of numbers by heaps of numbers by heaps of numbers—Easy hey!

FEDERAL STATE & LOCAL GOVERNMENTS
1. As everyone tries to find a way to get first home buyers into the market, not one government, local, state or federal have put forward one initiative that will actually make a difference. Whilst we have governments either too scared to act or too dumb to know that the crisis will grow worse year by year until a time when agents will be selling properties only to the 20% of Australians who will be able to afford them and renting real estate to the rest.

2. Thanks to the relaxing of media ownership laws we now have the competition we all dreamed of, more newspapers, television stations, radio broadcasters and lower advertising rates. Wait….no we don’t! The big boys just keep buying up other big-but-not-so-big boys.

REA AUSTRALIA
1. Around this time last year many sites starting touting the benefits of mapping and a few sites added mapping or were about to hit the horizon with mapping solutions. The CEO of Real Estate.com.au Simon Baker was having none of this, so he quickly tried to discredit mapping (to a degree) by referring to some research completed in the USA which stated that “that 88% of respondents wanted multiple pictures and slide shows, 86% wanted virtual tours, and 84% wanted neighbourhood profiles. However only 43% indicated they wanted maps and directions and only 24% cared about online mortgages‘ thereby telling us that people did not want mapping and how this research aligned with REA’s own research. Result? REA added mapping solutions and now tout the benefits of their own mapping system over their competitors. REA took an each way bet and continued with the Google Maps and is now one of the largest mapping sites in the world, their own mapping systems have taken a back-seat to the Google Maps platform.

PETER RICCI
1. April 1st 2007. Google buys REA! One of the bloggers decided to spend a little time and create a page with a press release that Google had purchased REA. I tried to call someone from REA but did not get a response. So I did what any hacker journalist would do and put up a press release and waited. It didn’t take long before I was banged to right and forced to eat humble pie, much to the delight of many.

I even received a few direct emails telling me that I got what I deserved and that I should take a course in journalism to understand the checks and balances that these journalists go through for each story they publish and how bloggers were a blight on ‘journalistic integrity’. I ate my humble pie but kept those emails just for laughs, as I love how seriously some people take themselves!

REALSEARCH
1. Real Search, yes another ‘Google of Real Estate’ – decided to launch a site and promptly sent press releases everywhere and anywhere. The site basically mined other websites for property data and presented it without the authorisation of the sites it was mining. Result? Companies started sending legal notices from everywhere and anywhere and the site was taken down within days.

Real Search has now re-invented itself and wants to hug all independent real estate agencies and help them to play on a level playing field with franchises. Funny, I thought many well run independents actually did better than franchises. We now have a countdown for launch which I am sure has changed a couple of times and around three agents across Australia are closely monitoring.

HOME PRICING WEBSITES
1. I takes me hat off to all of those house pricing websites advertising on major real estate portals. These companies basically ‘help’ people by sending their details to any agent who is willing to pay money for their information. Heaven help us if any one of these sites becomes massively popular (which they will not, especially with this business model) as agents will eventually pay through the nose for these so called ‘leads’.

The day will come when we can rid ourselves of these junk sites and concentrate on real information and real benefits for real estate agents. I am sure the real estate portals are working on their own solutions but don’t hold your breath as I am also sure that they will have some pretty juicy pricing models for themselves.

NEW REAL ESTATE PORTALS
1. This is a collective award to all of the new ‘Google of Real Estate’ portals that launched in 2007, the result being that none of them have made a difference. One day someone will release a portal, get it right and slowly build a market share without spending any money telling people about it until they get that market share. Out of all the new sites, only MyHome has a chance at this stage but they will need a brain transplant if they are ever to challenge the big boys.

These real estate portals need to go back to school or concentrate on specific areas of real estate, such as land or waterfront listings. We need something fresh and we need something that all real estate agents will embrace. Free is not free if it requires work from agents or their developers. Cheap means absolutely zero if agents do not get genuine leads.

PROPERTY GUIDES – MAGAZINES
1. Yes some of these are gorgeous to look at, but a day will come when agents say, what are we spending our money on and where are we getting a return? The result is we have more and more magazines sitting on the streets, outside empty shops and more often than not, quickly ending up in rubbish bins.

Yes, there is a place for property guides, but these companies are going to face some big hurdles in the future if they continually just dump magazines on lawns, on top of letter boxes or deliver (in my case) double the amount of guides for the number of apartments. Agents more than ever understand that these are just marketing guides for their companies and really do not do much to sell properties.

VANITY YARD SIGNS
1. A message to all of those agents who charge vendors for yard signs and then place a life-size picture of themselves on that sign with very little real property information. Clever? Maybe, but I for one would ask one very simple question.

Am I paying for you to promote yourself or for you to promote my property? Vanity signage is becoming more and more commonplace. Having a sign that tells me “I will love this place” with a big picture of a smiling person and a whopping big logo may be cheaper to produce but they do nothing for the vendor.

I pine for the good old days where a sign told me how many bedrooms, livingrooms, bathrooms, car spaces and so on and gave me a little insight into what was actually on offer and I am sure many other buyers and potential tenants do also.

TV NETWORKS
1. Oh how the Internet is hurting advertising revenues! We now have every TV network advertising business luminaries such as Gerry Harvey and John Simmons with their ThinkTV campaigns. Yes TV is still powerful (albeit shrinking). They even have their very own model of ratings (just use that calculator again) and about 3% of Australian businesses that can afford to advertise on TV!

TV is on the decline and will not be able to survive in the long term unless it gives the consumer what they want, when they want it. The only hope I see is the streaming medium whereby businesses can have their TV ads appear in certain regions for a massively reduced price. But while eyeballs are moving onto the Internet and mobile phones, if all the TV networks can do is try to hold the fort – they will die a very slow death.

NEWSPAPERS
1. Get your DVD, CD’s, Magazines and Souvenir editions with any newspaper! Read about Jennifer, Brad, Brittany, Kylie and any celebrity scandal you can think of (just get a photo and make up a story). Try as they might to grab some ‘Generation Me’ they continue to fail, despite trying really, really hard. Perhaps keeping the loyal readers might be an idea for long term survival.

Newspapers need to do what they do best and that is pure journalism instead of trumped up headlines and smut peddling (we can get that elsewhere thanks). They have made some great inroads online and I am sure they have a few years left until of course they have to bite the bullet and become FREE!

CORPSES
Here we have a bank that really knows how to sell! Firstly they repossess a home and then put it on the market for auction. Now this is one feature the new owners definitely did not pay for – a complete mummified corpse of its former owner, who had stopped making mortgage payments six years earlier.

Apparently the body, was preserved by the salty air in the Spanish seaside town of Roses and was found by, you guessed it – the buyer!

More Fun 2007 Dumb and Dumber Lists
Fortune Magazine 101 Dumbest Moments in Business
Business2 (USA) 101 Dumbest Moments
Daily News 50 Dumbest People in Hollywood

But has anyone actually sat back and said, ‘hang on – if so many people are spending so much more time online and are not watching as much TV and listening to as much radio, then why are the figures not telling us this?”

This is because in my opinion the whole way that these things are added up are simply wrong. As an example, I had a little get together last week and I asked a few questions to the 15 guests at a BBQ.

1. How often do you watch TV?
3 people said they never watched TV at all, but sometimes hired a DVD. 4 people rarely watched TV, 3 people told me they watched TV every night and the remaining 5 told me that their TV habits have changed so much and that they watch much less TV than they did only a few years ago.

2. How often do you listen to radio?
6 people never listen to the radio, 4 do only on the way to work (in their car) and 5 listen to a couple of shows in bed at night.

3. How often do you buy the newspapers?
3 never do, 12 always buy the Sunday Papers, 8 buy that Saturday papers as well (and all of these 8 mentioned the property guide) but only 3 purchased the midweek papers.

4. Use the Internet?
14 people use the Internet everyday. 1 uses the Internet every other day and all use the Internet for researching property. In fact 12 told me they look at property at least 4 times a week online.

Now all I can say is that I think companies should really do their own research, I have to say that of all of my friends are pretty much free thinkers and as much as I hate the term (a little left). But it does tell me that all of the research that goes into TV viewers each week is a little pathetic and hardly a true indication of who actually watches TV.

The problems everyone has is that so many companies make money out of TV, Newspapers and Radio advertising and these same companies make very little out of Internet advertising that it makes it hard for large companies habits to change. The last companies I would trust as far as spending my money on marketing would be advertising agencies or ad buyers.

It simply comes down to results and they will vary from city and region, but do not trust just what you are told, do some research yourself. There are a few Google Adword specialist companies out there and one of the bloggers on here does this kind of work.

I would suggest pulling some kind of advertising from another sector, if only for a month or a week and place a little money into marketing your won website through a Google Adwords campaign, you may be pleasantly surprised!

The presentation was slick and the show had some interesting features.

The Bad:
Does commercial TV normally have this many advertisement breaks?
Some claims such as go to MyHome to see “all the available properties in Australia” was pretty funny and completely false.
Most of the show features were paid for content.

The Good:
Some useful tips and advice for property buyers.
A good renovation feature that took a pretty normal suburban home and gave it a great makeover for less than $5000.

Advice:
Get some listings on the site, get the extra feature pages cleaned up – they look and feel terrible….

All in all: Once MyHome fixes its site problems and gets 50+% of listings (and they will) then moves this to a better timeslot this is going to worry the real estate portals. It is just so much more powerful than print or radio (does anyone advertise on radio any more?). The presenters are excellent – keep them all – and add more content for the home buyer….

It also seems that they are localising content for each state which is a fantastic idea. This show will drive agents to MyHome.

The big end of town (PBL, News Ltd, Rural Press, Seven) are either planning to get bigger or are buying into other stocks so that no-one else can compete against them.

The government’s laws will need to be tightened and any calls for the regulation of Internet TV need to be thrown out the door.

Almost all of the press in the past year since the government announced changes to the laws have focussed on what the big end of town think about the changes, some are now happy and some are now upset at the new laws. Does this ring alarm bells for anyone else?

I personally have nothing against big companies getting bigger, but when there are laws in place to protect these companies I cannot help but be angry.

A free market economy should allow anyone to compete against anyone, yes you must protect consumers to ensure diversity, but we have 2 major city/metropolitan players in newspapers, 3 major players in free to air television and only one player in Pay TV.

So something has to give…..this is simply not diversity.

The ACCC has said it will not allow any consolidation in the newspapers/television/radio space, but when these companies can buy large chunks of shares in rivals – simply to control who can buy what, is bordering on the ridiculous……

Everything, including the PBL split, is about………you guessed it, control + money……………and who pays………..again, very good – the consumer!

So tell me, your views on the Media Ownership Laws!