I will not join your mafia, tend to your crops, find your lost puppy or swap aquariam fish with you. Can’t you get the hint…. Knock it OFF and LEAVE ME ALONE!!! Everyone must understand that all of these addictive little games they sign up for spam everyone on their contact lists.
Stop sending me requests to be a fan of your favourite causes, celebrities or your friends businesses.
If we have never met, never ever talked, in fact I dont even know you existed till now why would I be your Facebook Friend. Facebook is for personal contacts. I share my personal photos, thoughts and information to FRIENDS ONLY…. GET IT! Stuff I want to share with anybody who is interested is done through either a fan page, Twitter or a blog.
If you are an affiliate marketer just wanting to flog me stuff, a spammer of any kind, a pornographer trying to get me to watch your latest video……. I WILL DELETE YOU!!
There is no prize for collecting the most Facebook Friends or Twitter Followers. How can you follow 20,000 people on Twitter? Have you no life at all that you spend all your time reading other people’s tweets? I WILL DELETE YOU!!!!
Exactly like in real life I dont like being stalked on Twitter or Facebook …. If I delete you, say no to your request to be my friend and you keep coming back trying to be my friend and follow me I will block you and report you…. I PROMISE
Linkedin is a Business network of people you have done business with. You say that we worked together in your company but I would remember it if we worked together taking photos of properties in Perth I really would…. BUT I DON’T KNOW YOU!
You absolutley do not have to ReTweet everything. I checked out Twitters terms and conditions and nowhere does it say that you have to retweet everthing that someone sends you. How about being an individual and just SHUT UP IF YOU HAVE NOTHING TO SAY YOURSELF.
I know I have a profile on LinkedIn but that does not mean that I want you or your recruitment company to find me a new job. I dont want to meet with you, I dont want to send you my CV … JUST LEAVE ME ALONE!
Whether it be on Facebook or Twitter, if you post 10 or 20 times per day you are ANNOYING THE HELL OUT OF ME and you should know by now what happens next..
One of the biggest real estate auction events in the Southern Hemisphere is about to happen on the Gold Coast.
Ray White Broadbeach – Mermaid Beach are holding ‘The Edge’ on Saturday 17th April 2010 at the Gold Coast Convention Centre.
Brett Clements from PropVid sent me the ‘Hot Off The Press’ promo video yesterday.
Now for such a big event I’m sure that there has already been a lot of promotion done by the Gold Coast Network in the lead up till now & it looks like there is going to be a whole lot more promotion done between now and ‘The Edge’.
But I thought I might throw my 2 cents worth in & share some ideas on how Ray White Broadbeach – Mermaid Beach could leverage Social Media & the web more effectively to help spread the word.
Here’s ‘The Edge’ video promo.
The video went live on the PlatinumHD.tv site a few days ago & was uploaded onto YouTube 3 days ago. Whilst I think the video is really powerful there are a couple of things that could be changed to improve its conversion.
Changes to the Video: Within the video I’d have the agents website address GoldCoastNetwork.com.au appearing underneath the Ray White Broadbeach, Ray White Commercial Broadbeach, Ray White Mermaid Beach slide (which appears at the 2 minute mark within the video).
Also, towards the end of the video a slide appears saying “Spaces Limited Book Now”
Whilst I think it’s great to include a call to action. It’s important to define what you want people to do. Are they wanting vendors to book their property in now for the auction? Or do they want buyers to book their seat now? Or both?
On the web there is no room for confusion. It’s important that people watching the video know how to Book Now.
Improve Online Conversion: One suggestion could be that if you include the agency website address within the video, then on the home page of the Ray White website they could embed ‘The Edge’ promo video into the top right hand corner (probably cutting out the end of the surf life saving flag or surfer image) and then have a button underneath to say Click Here to Book Now for ‘The Edge’.
I would then send them to a long copy sales page that features some of the benefits of why they should be involved in ‘The Edge’ and provide an opt-in section which identifies if they are a buyer or a seller.
This will allow Ray White Broadbeach – Mermaid Beach to leverage the traffic that they already get to their website from Google and their other marketing, plus improve conversion from the people who view their professionally produced ‘The Edge’ promo video.
Obviously, with only 6 weeks to go till ‘The Edge’, to allow for the 4 week cut-through marketing campaign that they mention in the video, all sellers would need to be contacted straight away to include their listing in ‘The Edge’ marketing campaign.
I can imagine that the agency will need to have all properties listed by 20th March, but due to the size of the promotion & the incredible exposure there’s a possibility that they could include a few extra listings within a few days after this cut-off date. But, that’s obviously up to them.
Here’s a few other suggestions…
YouTube: One of the first things I noticed is that the video could also be optimised a lot better on YouTube. The wording used in the description & tagging has no chance of being found on Google by someone searching for real estate on the Gold Coast & I’m not sure that having it uploaded under the Entertainment category is going to help either?
Blogging: They should integrate a WordPress blog within their company website. This will not only help to market ‘The Edge’ but it will help with their SEO.
They should write a daily blog post about some of the build up towards ‘The Edge’ and ask all the staff to tweet or share each article with their followers on Twitter & their friends on Facebook.
When sharing the articles on these sites they could also ask people to click the like button when uploading onto Facebook and ask the followers to ‘Please RT’ their tweets on Twitter.
When posting daily updates on the blog it’s important to leave the comments section open on the articles because this may get people asking questions about how to be involved & could provide an additional lead generation strategy.
This could also provide an opportunity to set a deadline for the last day before properties will be allowed to be submitted & could create an extra sense of urgency for potential sellers and/or could encourage friends to tell friends to contact the agency so they don’t miss out on ‘The Edge’.
To protect the integrity of the event, Ray White Broadbeach-Mermaid Beach are the administrators of the blog so they have control to monitor comments too.
Facebook: I also noticed that Ray White Broadbeach-Mermaid Beach have a personal profile on Facebook. Whilst they currently have 67 friends, they should really have this as a Fan Page, because Facebook has a limit and once you get to 5,000 friends you have to change to a Fan Page.
Any company thinking about creating a presence on Facebook should start off with a Fan Page. They are better for business.
Celebrities, etc should also create a Fan Page. eg. One of my friends on facebook, Jack Canfield sent me an email the other day to ask me to join him at his fan page because he had reached his limit of friends.
Jack now has the task of getting all 5,000 of his friends that he has built up on his personal Facebook profile to go over & connect with him on his new Facebook Fan Page.
( Update: I found their company Facebook Fan Page – See Update at bottom of this article )
Twitter: With regards to Twitter I can’t seem to locate a company profile for them. At this point there appears to be no Twitter account linked to their site & no blog within their site.
Whilst ‘The Edge’ is an amazing concept, there are so many different things that Ray White Broadbeach – Mermaid Beach could do to make this the most incredible real estate event ever through Social Media.
(Update: I found their company Twitter account as well see Update at bottom of this article. I searched both facebook and Twitter for Ray White Broadbeach and Ray White Mermaid Beach. I finally found them under the Gold Coast Network.)
Print Media: Having seen the magnitude of the print media campaign from last years event, Ray White Broadbeach-Mermaid Beach should be advertising something like,
“For the daily inside scoop on ‘The Edge’ become a Fan on Facebook and/or follow us on Twitter” within their campaign.
This could help them to build a huge network of people connected to their company who live within their service.
It’s never too late: Even though ‘The Edge’ is only 6 weeks away, when you think about the real-time nature of Web 2.0, there is still a lot of time available for Ray White Broadbeach – Mermaid Beach to leverage the power of the internet & use this impressive Video Production from PropVid to generate the most amazing impression within their marketplace.
2 last things: A geo-targeted Pay Per Click campaign on Google could help overcome some SEO issues, plus a targeted Facebook Ads Campaign would help drive targeted traffic to their video campaign and/or their Facebook Fan Page.
The amount of ‘Free’ online PR that could be generated around ‘The Edge’ could be massive.
If Ray White Broadbeach – Mermaid Beach get this right, ‘The Edge’ could become so much bigger than they could have ever imagined.
And, if you tallied up every strategy that I’ve mentioned, they could make a huge difference to their whole campaign for around $500 – $1,000 plus time spent writing a daily update on their blog about ‘The Edge’.
PS: There’s a few more ideas I have about what they could do on realestate.com.au and other strategies, but at this point I just wanted to paint the picture of what is really possible, if a real estate agency embraces Social Media and uses the power of the internet the right way.
Please feel welcome to share your thoughts & ideas.
UPDATE: After writing this article I noticed that Ray White Broadbeach – Mermaid Beach do in fact have a Facebook Fan Page under ‘Gold Coast Network‘ and a Twitter account at Twitter.com/raywhitebroad with their username as ‘Gold Coast Network’. It’s great to see that they have established a fan page and a Twitter account.
At the time of posting this update, they have 97 fans on Facebook and 23 followers on Twitter, but unfortunately all the company seem to be posting is there sold listings & providing a link to the Open Homes that they have on each weekend.
Their Gold Coast Network Fan Page could become so much more engaging and simply because of its name, Gold Coast Network, it has the potential to become one of the biggest real estate fan pages on Facebook if they shared some other information about what’s happening on the Gold Coast as well.
When Roger Bannister broke the 4 minute mile he set a whole new mindset for a world of possibilities and now Google has made yet another major announcement that could change the internet world as we know it.
Do you remember dial-up internet & how time consuming it was to sit there waiting for a website to appear on the computer screen or heaven forbid, trying to watch a video?
Well, if you ever had any doubts about the importance that video will play in the world of real estate marketing you may want to sit up and take notice of what Google are about to embark upon. Read the rest of this article »
Foursquare is rocketing up the social media popularity chart. It’s hyper-local social networking that lets you share insider info on your favourite hangouts. In their words:
Foursquare aims to encourage people to explore their neighborhoods and then reward people for doing so. We do this by combining our friend-finder and social city guide elements with game mechanics – our users earn points, win mayorships and unlock badges for trying new places and revisiting old favorites.
The service allows you to check into a location – coffee shop, restaurant, movie cinema – using your GPS coordinates. That lets your friends know where you are and what you’re up to. It’s a great way to meet new friends who enjoy the same places.
Foursquare users are encouraged to share brief tips about the places they visit. These experiences are then shared with others who check-in to the same place. For example, if I leave a tip about a special blend of coffee at The Imp, the next time you checked-in there Foursquare would pop up a notification telling you that I suggested you try The Imp’s special blend coffee.
Here’s a few tips for agents wanting to get the most out of the service.
Get an iPhone and download the Foursquare app
Foursquare works brilliantly on the iPhone and on Android powered mobile devices. It’s a two-second operation to get working on the iPhone and it works like a charm.
Link your Foursquare, Twitter and Facebook accounts
It’s not often I recommend linking social media services but this is one exception. Once your accounts are linked when you check in on Foursquare your Facebook and Twitter status will be updated automatically (you can turn this off if you want to do a private checkin).
Add your own business location to Foursquare
Provide clients who check-in to your location regularly with loyalty rewards. Offer incentives for people to write tips that mention you by name e.g. “Go to Jones Realty and ask for Sally Jones. She knows Jonesville like the back of her hand.” It’s a great way to generate word-of-mouth referrals.
Check-in to a local coffee lounge
Invite your friends to catch up for an early morning coffee. Be spontaneous.
Introduce it to local businesses
The more people who check into a location the more tips it generates. Suggest they offer discounts or special offers to Foursquare users who write tips about their business or who become the Mayor of their business. Offer to show them how it works and how they can make sales from using the service. Become their social software go-to person. Help them out by introducing their business to your Facebook and Twitter network.
Check-in when you’re doing a home open
Let your friends on Foursquare, Facebook and Twitter know you’re out working hard. Your Foursquare checkin provides a map to your location so friends in the area can stop by for a chat.
Advertise that the property is open for review on Foursquare
Mention in your web advertising that you’ve added the property location to Foursquare. Invite home open visitors to write a review. Their review will be available to other Foursquare users.
Ask your colleagues to check-in when they show the property
Get them to add a brief review while they’re at the property on an agent caravan or when showing buyers.
Have you come across any other ways to use Foursquare?
Let me say in this my first post for Business2 (thanks for having me) I have no shares in Facebook (more’s the pity) and no real axe to grind either way in this tale. I just thought this might be of interest to anyone looking to brand and differentiate themselves effectively, potentially save some advertising dollars (who doesn’t want to do that?) try something new and maybe make themselves look pretty tech savvy in the process.
Facebook Ads.
OK, I was the same too – deeply skeptical as I was of all Web 2.0, self-indulgent bloggers, twits and lamebookers. I’d heard all about alleged ‘click frauds’ last year (search ‘Facebook click fraud’ and you get 18 million results).
About a year ago I attended a small business seminar where the concept of advertising on Facebook came up, and a quick demo was run on how easy it was to setup and how quickly results were viewed. I had try it for myself. I put up an ad (it was easy to do), aimed it towards 35-55 year olds who live in Perth (I hail from there) and sat back and watched the results.
Now 11 months have ticked over (long enough time to measure results I feel sure), the ad has been served up almost 22 million times (22 million!) to my target audience and it has cost me a tad over $3500 (or $300/month for 2mn views/month on average). I humbly show you the stats (screen shot of my Facebook Advertising account below) and invite you to pore over the numbers. [Note: $ values are US dollars]
Being a small business owner with a limited marketing budget, I have experimented with many things over the years (local papers, radio, billboards, cinema ads, car ads…) but the results of my Facebook advertising have blown me away. I don’t know anywhere you can get potentially millions of directed ads ‘served up’ into your local market for this cost. It equates to an average CPM (cost per thousand views) of 16 cents.
CPM for my various Google ads run at over 10 times that, and I can’t (as easily) send my ads to people on Google as determined by their age nor where they live. Moreover, all Facebook ads include a thumbnail image of my choosing. Google ads are mainly text based.
If you compare Facebook advertising to more traditional advertising (local papers, cineads, billboards and the rest) the latter tend to follow the old media rules of a ‘shotgun blast at a target’ approach, which is (literally) ‘hit or miss’ at best and (to stretch a tired metaphor still further) provides less ‘bang for the buck’, Charlie Gunningham
As audiences reach for their own divergent media, an advertiser can get lost in the choice, or use that choice to target people directly. I know of an experiment done by fellow Business2 contributor Peter Fletcher who targeted a Facebook ad to be viewed by ONE specific person. As Peter knew their profile settings, he could send up an ad on to their pages when that person next logged on to Facebook. The ad garnered 7 views and was clicked on once – by that person. You can’t get any more targeted than that! I’ve seen shorter Ad campaigns targeted at filling a seminar room and this has been their only marketing spend (about $50) to fill a room of 100 paying $200 a ticket. (That’s a pretty good ROI). No need for brochures, mail outs, email campaigns. Grab people where they are, and who you want to grab.
Moreover, you can run as many ads as you like, set a daily budget (you never go above it), determine your cost per click, pause and delete the ads whenever you want. You can send ads onto Facebook pages of people living in different cities and countries in different age ranges. Enter your credit card details and it gets billed automatically, with notifications of amount spent. You are in total control, can view the results and adjust your ads and settings whenever you like.
Over 6.6 million Australians are on Facebook. 300 million globally (75 million in the States). 1.6mn over the age of 18 are on Facebook in Sydney, 1.4mn Melbourne, 885,000 in Brisbane, 562,000 in Perth… (To check these stats yourself and research further, go to ‘Advertising’ in the footer on Facebook and click ‘Create an Ad’ – under ‘Targeting’ you can play with the variables).
What surprised me at first is that more people over age 40 are on Facebook than under age 20. It’s a myth that this thing is for kids. And 90% of Facebook users are active (login more than once a week) and 50% login daily. Often 2 or 3 times a day. Do you think these people are interested in real estate?
A few caveats at this stage. You’ll notice that my ad had 22 million views and ‘only’ 6000 or so clicks. A pretty poor ‘click thru rate’ (CTR) you might say (a miserable 0.029%). However, that was deliberate. Being a penny pinching sort of guy I adjusted the settings to maximise possible views (which are free). I was doing it as a branding, differentiation and “getting your name out there” exercise. (You can also set them up to get traffic to your properties, profiles, home page and pay per views if you wish.)
The real estate advertising applications are obvious
real estate reps can put a photo of themselves, a brief heading and 135 characters of text, and link the ad to their own profile page
individual properties can be put up (as a normal part of every marketing campaign) linking to their individual pages on the agency’s own sites
Auction campaigns with standalone web sites or individual pages within sites
Simple branding ads sending users to your home page, or better yet, some specific landing page (competition, offer, new blog post…)
Ads linking to your Facebook page to drum up ‘fans’
Use these ads for recruitment of staff (e.g. you’re looking for a property manager and can using age, interests and possibly gender targeting)
Setting up these ads as a normal way of doing things could make you look extremely tech savvy with your vendors and other clients
It would seem something to (at least) consider; but if all the above is true (and I have probably missed most of the advantages others can see straight away) is this the future of targeted advertising – if not on Facebook, but on social networking sites in general? What does this mean for traditional media who rely on local advertising?
Facebook.com is already breaking even on this advertising stream. I believe they are going to earn a mint from this, in the same way Google did from Adwords. I have reduced my Adwords spend and moved the money to Facebook. If more and more do the same, what will this mean for Google?
When Twitter recently announced the ability to place all of your followers into lists I thought that they had struck a goldmine for future revenue streams and everything pointed towards a business model that made perfect sense – to me.
Then today it all went pear shaped as Biz Stone (Co-founder) announced a ‘non traditional’ way they will allow advertising on Twitter without telling us what it is – a great way to get spin going, especially when you are as popular as Twitter!
In my opinion Biz Stone and Twitter have just showed how dumb people can be when it comes to monetizing popular free programs. What did MySpace do? Sell advertising. What did Facebook do? Sell advertising. What is Twitter going to do? Sell advertising – albeit wrapped in a ‘non traditional’ catchphrase. The crux of all of this is that no-one has any idea how to make money out of free software that is popular and when you have no ideas, you turn to 3rd party advertisers.
Biz, I am sure advertising will bring in some revenue, but you have missed a golden opportunity here to take a different approach, it is a crazy idea, but people might actually be prepared to pay for software that makes their lives better. Here is the model I would have approached.
Premium Accounts
I know a premium account is just a stupid name for making more money than a normal account. Usually companies (think realestate.com.au and domain.com.au) create a popular site and then cut the throat of their core by making them look less important than premium companies. In real estate it is a joke, but with Twitter it would be different as it makes sense on top of a free model. Myhome.com.au do it with premium style listings on top of basic free listings. I don’t mind this approach as long as the user (the person looking for properties) is not getting search results compromised.
Basic
With Twitter nothing changes, you get all of the same features as you currently do, you are treated the same and all new updates are afforded to you. In other words – in other words we still love you and we understand without you – we could not operate successfully!
Premium – Multiple Accounts
You can create multiple accounts all under the one account. As an example. I have Agentpoint, Business2, Ginga and Zooproperty.com. Currently I have 4 Twitter accounts to manage. So I can now have a master account and merge others accounts under this one account – nothing changes for my followers.
When a user wants to follow me they can select what account(s) to follow or ‘follow all’. My default account is my master account – so if they do not choose any accounts, it then defaults to my master account.
Nothing changes when I Tweet as I have separate accounts to Tweet under and no-one gets annoyed.
Premium – Customise Theme
My “Twemium” account allows us to customise our Twitter theme some more. Better sidebar control, better backgrounds etc. All of my accounts now become a part of a left sidebar and can be click-able. I can also customise my background with a few extra features.
Fees
So what would a user pay as a premium price for these features? I would say $55 USD per annum is a fair price that most can afford for what essentially is a great service. Not everyone would need to upgrade and there is no penalty for not upgrading.
Revenue
Let’s say 20% of users upgrade to premium. Current estimates put twitter at about 5 million active users. So that would bring in around $55 million per annum. I would consider this a good return on what is essentially a 100 person company. How many companies could boast $550,00 in revenue per employee? This could easily grow to 100 million per annum.
If they get selfish and stupid they will fail. Twitter is no flash in the pan, but it we may get a little bored with it and if we are not careful only business will be interested and that will kill the platform.
Biz Stone tells us he is in no rush, well, he is in no rush to fail and everything they were doing up until now made sense. If advertiser revenue is their only idea with this software then they seriously need to take more time before making announcements.
As we predicted Realestate.com.au started implementing a major upgrade today and are due to roll it out across all suburbs over the next few days. The update includes New Suburb Profile pages and realestate.com.au Local Voices.
New Suburb Profiles
The new suburb profiles provide additional sales data on each suburb including monthly and annual median house data, supply and demand trends and local sales data. Much of the data is obviously been sourced from RPData through their renewed commercial relationship. The supply and demand trends seem to be the exception and calculated from realestate.com.au intelligence comparing the number of buyers looking in an area relative to the number of available properties. Read the rest of this article »
In the past I’ve overheard real estate agents talking on the phone, directing clients onto the major portals like realestate.com.au & domain.com.au to help a client find out more information about a property. I could never understand why the agent wouldn’t want to send the customers to the listing appearing on their own company website??? Read the rest of this article »
Before Web 2.0, if you provided good service it was widely regarded that people would tell a handful of their friends about their great experience. But, if your service was poor or you did something wrong then they would tell 20 people.
Well, what used to be Word of Mouth, has now become World of Mouth, simply because it is now very easy for people to share their customer experiences with their friends over the web. Read the rest of this article »
Whilst I still believe that real estate agents should be using Facebook for marketing themselves & their real estate business, after reading this article about Facebook Click Fraud it may be better for agents to proceed with caution if they intend to use the Pay Per Click advertising section.
Many companies use Facebook’s Pay Per Click Advertising platform because the demographic information collected about Facebook users enables companies to target their marketing campaigns within the social media environment.
Some companies also prefer using Facebook’s Advertising rather than waiting for the SEO on their site to kick in and/or they feel that it’s better value than having to compete for expensive keywords within SEM campaigns on the search engines like Google, Yahoo & Bing.
Facebook advertising generated $280 million in revenue in 2008 & they are expecting $550 million this year. But with the grey cloud of Click Fraud hanging overhead, Facebook will be keen to rectify these issues very quickly.
For the moment, agents may be best to limit their Facebook marketing to the 3 Free strategies.
1. Building your personal Facebook profile
2. Creating a Facebook Fan Page for your company
3. Creating a Facebook Group
Peter Ricci is the Director of Agentpoint.com.au, Business2.com.au, Ginga.com.au and ZooProperty.com and has been involved in designing and developing real estate systems and websites since 1997. In July 2001 Peter founded Business2.com.au to help real estate agents better understand the power of the Internet and the real estate landscape in Australia and New Zealand. Since then he has penned over 300 articles on a variety of subjects in the real estate technology industry. Business2.com.au is now the leading real estate technology site in Australasia.
Blogging: They should integrate a 
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