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Other Added - Real Estate Marketing Online - The 5 Laws of Lead Generation
Are You Worth Another $100,000 per Year? have a lot of variables that affect your results. These include the makeup of your audience, the timing, and the way you execute the strategy. You never know what will or won't work for you until you try it. So don't let anyone tell you, "That didn't work for me, so don't waste your time."Equation Research recently published data indicating that the difference in income between Top Salespeople and Low Performing Salespeople is nearly $100,000 a year! Where do you fit in?Average Total Compensation of Salespeople*High Level Performers $155,055 Mid-Level Performers $93,499 Low Level Performers $64,990*Source: Equation Research: Sales & Marketing Management Magazine, May 2005About 10% of all salespeople are in the High Level Performers category. However, within that ranking, the Top 1% earn anywhere from 5 to 15 times more than the average of that group.What accounts for these substantial differences in performance and earning power? What does it take to earn that kind of money?It's not working longer and harder, nor "working smarter." No one can work 5 times longer and harder than someone who is near the top of the profession, and no one is several times smarter. The There is experimentation, and then there’s speculation. Only the former will reveal the truth. Online Marketing Law #5 - Technology does not change psychology. Technically speaking, the Internet is a dynamic, ever-changing environment. But while the way we communicate online may change, the communication itself stays the same. Regardless of how you talk to people, they are still people -- and they are still motivated by the same things as before. You just have more ways to communicate with them than before. Sure, you have to adjust your message delivery to account for new technologies, but the message itself does not have to change. Whether you communicate with people through email, a blog, a podcast or an old-fashioned sales letter, the following marketing fundamentals still apply:
Technology changes the way marketers communicate Are You Losing Business? Here's an Internet marketing observation that may shock you. The average real estate website has more than enough traffic to support the real estate agent's business goals -- but he or she is simply not capitalizing on it.As a small business owner, you are grateful for all of your clients or customers. But did you know that small business lose over 62% of sales because they don’t follow up? You are caught up in the business of running your business you don’t take the time to follow up with your clients.After moving to a new city recently I've been, of course, searching out a new hair salon. The first place I tried was what seemed to be a very upscale salon that offered everything from hair cuts to nails to a massage. At this place I received on of my least favorite hair cuts. I tried two other places that gave a pretty good cut. The big surprise is that I've not received so much as a post card from any of the stylists requesting my return for my next cut.How much business are these places missing out on? Tons if they don't follow up with their clients. I had the same experience with a masseuse I found here also. Wow, imagine what would happen I've worked with many real estate clients who swore they did not have enough website traffic, based on the fact that they were getting very few leads from their website. After analyzing their website logs or analytics program, I would discover that they had steady streams of web traffic, day after day. In other words, these folks wrongfully assumed that web traffic equals web leads. This is not the case at all. Traffic equals traffic. You don't generate leads until you put an effective lead generation plan in place. See the mathematical equations below.
I would say website lead generation is the most important aspect of real estate marketing online. After all, you could own three different websites, blog twice a day, and get 2,000 visitors per week. But without a lead generation plan, all that activity and traffic will do you little good. To illustrate this point further, I've created a few "laws" of online marketing, based on my own experiences over the years. Apply these laws to your online marketing efforts, and you're bound to generate more leads and more business for your efforts. Online Marketing Law #1 - Traffic is only an opportunity. My first law of real estate marketing online states that website traffic is only that ... traffic. Until something is imposed upon it, traffic will remain traffic. In order for traffic to be of value, it must be converted into something else. Hence the term, "website conversions." Let's imagine you have a lemonade stand beside a busy highway. But your stand is located on a narrow shoulder of the road where there's not enough room for cars to pull over. All day long, cars whiz by you at 45 miles per hour, but nobody stops. You have an endless supply of traffic, but your lemonade stand is a failure because nobody stops. The traffic is right there in front of you, but it might as well be a million miles away. Opportunity only favors those who capitalize on it. Now let's get back to real estate marketing online. If your website has plenty of traffic but no form of lead generation, then most of your traffic will pass right by ... like those cars passing the lemonade stand. So before you fall into the typical trap of obsessing over your website traffic levels, ask yourself this: "What am I doing to capitalize on the traffic I already have? How am I actively converting traffic into leads, and leads into clients?" Online Marketing Law #2 - Value and response are directly proportional. In the previous "law," we talked about the importance of a lead generation program. But equally important is the value behind that lead generation program. Your website visitors will remain anonymous until you present something useful and valuable in exchange for their action. Keep in mind that "value" does not have to mean costly. Property listing updates can be very valuable to home shoppers, and many will sign up to get them. But they don't necessarily cost you anything to produce. In this case, value is conveyed through timely information that's beneficial to the audience (home buyers). That's just one of many ways to add value to your offer. Whatever path you choose, remember this ... response goes up in proportion to the value of your offer. On the contrary, response goes down with a weaker offer. Online Marketing Law #3 - Attrition is your perpetual enemy. In your online real estate marketing program, attrition follows you every step of the way. Attrition refers to people who "drop off" along your marketing process, somewhere between first contact and client acquisition. Usually, there are several attrition points in any real estate marketing process. The good news is, each point of attrition can be improved – that is, you can minimize the number of losses at each step of the marketing path. Here are some examples of online attrition points, and what you can do to reduce them.
From this brief sample, you can see how attrition shadows all aspects of your online real estate marketing program. On the positive side, you can also see that for every point of attrition, there are things you can do to increase the number of people who continue along in the process. Online Marketing Law #4 - Successful techniques are not successful for everyone. A real estate marketing tactic that works wonderfully for somebody else may not work for you. On the other hand, it may work even better for you than it did for the other person. With any real estate marketing strategy, you have a lot of variables that affect your results. These include the makeup of your audience, the timing, and the way you execute the strategy. You never know what will or won't work for you until you try it. So don't let anyone tell you, "That didn't work for me, so don't waste your time." There is experimentation, and then there’s speculation. Only the former will reveal the truth. Online Marketing Law #5 - Technology does not change psychology. Technically speaking, the Internet is a dynamic, ever-changing environment. But while the way we communicate online may change, the communication itself stays the same. Regardless of how you talk to people, they are still people -- and they are still motivated by the same things as before. You just have more ways to communicate with them than before. Sure, you have to adjust your message delivery to account for new technologies, but the message itself does not have to change. Whether you communicate with people through email, a blog, a podcast or an old-fashioned sales letter, the following marketing fundamentals still apply:
Technology changes the way marketers communicate Should You Upgrade Your E-zine From Text to HTML? to generate more leads and more business for your efforts.A few years ago, when I first started seeing HTML e-zines in my inbox, I admit I was jealous. They were attractive, attention getting, snazzy. They made my text e-zines look boring. But my mind fought the idea of upgrading my own. "My readers appreciate my e-zine for its content," I told myself. "They don't need some slick design to get their attention. They just want my information, straight up. Publishing in HTML won't make a difference." I was wrong. Well, I was right that my readers receive my e-zine for its content. After all, that's why they subscribed — for my concise, how-to articles. But I was mistaken that a better "presentation" wouldn't make a difference. After much deliberation, I decided to give HTML a whirl. I had my e-zine professionally designed in HTML, featuring my logo, colors, and photo.And when I sent out my first HTML issue, I was blown away by the responses: Online Marketing Law #1 - Traffic is only an opportunity. My first law of real estate marketing online states that website traffic is only that ... traffic. Until something is imposed upon it, traffic will remain traffic. In order for traffic to be of value, it must be converted into something else. Hence the term, "website conversions." Let's imagine you have a lemonade stand beside a busy highway. But your stand is located on a narrow shoulder of the road where there's not enough room for cars to pull over. All day long, cars whiz by you at 45 miles per hour, but nobody stops. You have an endless supply of traffic, but your lemonade stand is a failure because nobody stops. The traffic is right there in front of you, but it might as well be a million miles away. Opportunity only favors those who capitalize on it. Now let's get back to real estate marketing online. If your website has plenty of traffic but no form of lead generation, then most of your traffic will pass right by ... like those cars passing the lemonade stand. So before you fall into the typical trap of obsessing over your website traffic levels, ask yourself this: "What am I doing to capitalize on the traffic I already have? How am I actively converting traffic into leads, and leads into clients?" Online Marketing Law #2 - Value and response are directly proportional. In the previous "law," we talked about the importance of a lead generation program. But equally important is the value behind that lead generation program. Your website visitors will remain anonymous until you present something useful and valuable in exchange for their action. Keep in mind that "value" does not have to mean costly. Property listing updates can be very valuable to home shoppers, and many will sign up to get them. But they don't necessarily cost you anything to produce. In this case, value is conveyed through timely information that's beneficial to the audience (home buyers). That's just one of many ways to add value to your offer. Whatever path you choose, remember this ... response goes up in proportion to the value of your offer. On the contrary, response goes down with a weaker offer. Online Marketing Law #3 - Attrition is your perpetual enemy. In your online real estate marketing program, attrition follows you every step of the way. Attrition refers to people who "drop off" along your marketing process, somewhere between first contact and client acquisition. Usually, there are several attrition points in any real estate marketing process. The good news is, each point of attrition can be improved – that is, you can minimize the number of losses at each step of the marketing path. Here are some examples of online attrition points, and what you can do to reduce them.
From this brief sample, you can see how attrition shadows all aspects of your online real estate marketing program. On the positive side, you can also see that for every point of attrition, there are things you can do to increase the number of people who continue along in the process. Online Marketing Law #4 - Successful techniques are not successful for everyone. A real estate marketing tactic that works wonderfully for somebody else may not work for you. On the other hand, it may work even better for you than it did for the other person. With any real estate marketing strategy, you have a lot of variables that affect your results. These include the makeup of your audience, the timing, and the way you execute the strategy. You never know what will or won't work for you until you try it. So don't let anyone tell you, "That didn't work for me, so don't waste your time." There is experimentation, and then there’s speculation. Only the former will reveal the truth. Online Marketing Law #5 - Technology does not change psychology. Technically speaking, the Internet is a dynamic, ever-changing environment. But while the way we communicate online may change, the communication itself stays the same. Regardless of how you talk to people, they are still people -- and they are still motivated by the same things as before. You just have more ways to communicate with them than before. Sure, you have to adjust your message delivery to account for new technologies, but the message itself does not have to change. Whether you communicate with people through email, a blog, a podcast or an old-fashioned sales letter, the following marketing fundamentals still apply:
Technology changes the way marketers communicate Can You Really Get Paid For Just Surfing The Net? ue and response are directly proportional.You’re frustrated at your job. Tired of being bossed around and controlled by someone else that thinks they are God. They tell you when to be to work and what you are suppose to do while you are there. You have had it! Then all of a sudden the clouds clear from the sky, the sun shines like never before and you hear the birds singing your praises. You have a moment of clarity, you are going to be your own boss. Work for yourself from home in you pajamas! Great but what business are you going to do? Then you get the email that puts it all together for you. “Make Money Online Surfing!” Divine intervention some would say, but how does it work and do you really get paid?You decide to find out. So you take the day off from the job that you don’t like but does give you a paycheck and decide to check it out. You roll out of bed, get some coffee and sit down in front of the computer to make the money that you gave up for taking the day off. Little di In the previous "law," we talked about the importance of a lead generation program. But equally important is the value behind that lead generation program. Your website visitors will remain anonymous until you present something useful and valuable in exchange for their action. Keep in mind that "value" does not have to mean costly. Property listing updates can be very valuable to home shoppers, and many will sign up to get them. But they don't necessarily cost you anything to produce. In this case, value is conveyed through timely information that's beneficial to the audience (home buyers). That's just one of many ways to add value to your offer. Whatever path you choose, remember this ... response goes up in proportion to the value of your offer. On the contrary, response goes down with a weaker offer. Online Marketing Law #3 - Attrition is your perpetual enemy. In your online real estate marketing program, attrition follows you every step of the way. Attrition refers to people who "drop off" along your marketing process, somewhere between first contact and client acquisition. Usually, there are several attrition points in any real estate marketing process. The good news is, each point of attrition can be improved – that is, you can minimize the number of losses at each step of the marketing path. Here are some examples of online attrition points, and what you can do to reduce them.
From this brief sample, you can see how attrition shadows all aspects of your online real estate marketing program. On the positive side, you can also see that for every point of attrition, there are things you can do to increase the number of people who continue along in the process. Online Marketing Law #4 - Successful techniques are not successful for everyone. A real estate marketing tactic that works wonderfully for somebody else may not work for you. On the other hand, it may work even better for you than it did for the other person. With any real estate marketing strategy, you have a lot of variables that affect your results. These include the makeup of your audience, the timing, and the way you execute the strategy. You never know what will or won't work for you until you try it. So don't let anyone tell you, "That didn't work for me, so don't waste your time." There is experimentation, and then there’s speculation. Only the former will reveal the truth. Online Marketing Law #5 - Technology does not change psychology. Technically speaking, the Internet is a dynamic, ever-changing environment. But while the way we communicate online may change, the communication itself stays the same. Regardless of how you talk to people, they are still people -- and they are still motivated by the same things as before. You just have more ways to communicate with them than before. Sure, you have to adjust your message delivery to account for new technologies, but the message itself does not have to change. Whether you communicate with people through email, a blog, a podcast or an old-fashioned sales letter, the following marketing fundamentals still apply:
Technology changes the way marketers communicate How to Think to Achieve Success Online II ome examples of online attrition points, and what you can do to reduce them.Advertising is the most important aspect of your business – it is the key that will open up the internet for you and lead to your success. That is why advertising is such a large part of the budget of online and offline businesses. Make the internet and all the tools it contains work for you, but most of all, you must believe. You will not make it if you do not believe in yourself. You must also be resilient: able to bounce back after a fall. If you are easily disheartened then the internet is not for you. You must learn to accept disappointment and try again.Most successful people have had disappointments but they have simply shrugged their shoulders and got back to work again. Look upon your online business as a business, not as a hobby. If you treat it as a hobby it will remain that, and never make real money for you. It is not a job you can do for an hour a day, no matter what you read. Those people who tell you that after starti
From this brief sample, you can see how attrition shadows all aspects of your online real estate marketing program. On the positive side, you can also see that for every point of attrition, there are things you can do to increase the number of people who continue along in the process. Online Marketing Law #4 - Successful techniques are not successful for everyone. A real estate marketing tactic that works wonderfully for somebody else may not work for you. On the other hand, it may work even better for you than it did for the other person. With any real estate marketing strategy, you have a lot of variables that affect your results. These include the makeup of your audience, the timing, and the way you execute the strategy. You never know what will or won't work for you until you try it. So don't let anyone tell you, "That didn't work for me, so don't waste your time." There is experimentation, and then there’s speculation. Only the former will reveal the truth. Online Marketing Law #5 - Technology does not change psychology. Technically speaking, the Internet is a dynamic, ever-changing environment. But while the way we communicate online may change, the communication itself stays the same. Regardless of how you talk to people, they are still people -- and they are still motivated by the same things as before. You just have more ways to communicate with them than before. Sure, you have to adjust your message delivery to account for new technologies, but the message itself does not have to change. Whether you communicate with people through email, a blog, a podcast or an old-fashioned sales letter, the following marketing fundamentals still apply:
Technology changes the way marketers communicate Effective Email Marketing have a lot of variables that affect your results. These include the makeup of your audience, the timing, and the way you execute the strategy. You never know what will or won't work for you until you try it. So don't let anyone tell you, "That didn't work for me, so don't waste your time."Email marketing is quickly becoming one of the most popular forms of Internet advertising is because there are many distinct advantages to the concept of email marketing. However, email marketing does have some disadvantages as well. In this article we will examine the advantages and disadvantages of email marketing and will also provide some insight into how to plan and execute an effective email marketing campaign.Email marketing certainly has a set of unique advantages over other types of marketing both online and offline. Perhaps one of the most significant advantages to email marketing is the ability to reach a worldwide audience with minimal effort. It is certainly possible to reach a worldwide audience with other types of advertising but traditional types of advertising such as television, radio and the print media are not nearly as effective for reaching potential customers around the world all at once.Another major advantage There is experimentation, and then there’s speculation. Only the former will reveal the truth. Online Marketing Law #5 - Technology does not change psychology. Technically speaking, the Internet is a dynamic, ever-changing environment. But while the way we communicate online may change, the communication itself stays the same. Regardless of how you talk to people, they are still people -- and they are still motivated by the same things as before. You just have more ways to communicate with them than before. Sure, you have to adjust your message delivery to account for new technologies, but the message itself does not have to change. Whether you communicate with people through email, a blog, a podcast or an old-fashioned sales letter, the following marketing fundamentals still apply:
Technology changes the way marketers communicate with consumers. But it does not change the fundamental psychology that leads consumers to take action. Conclusion * You may republish this article online if you retain the author's byline and the active hyperlinks below.
HTTP = HTML link (for blogs, profiles,phorums):
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