Zap negativity, tap distribution
Part 2: Recipes for online success
By Bernice Ross, Sunday, April 12, 2009.(This is Part 2 of a two-part series. Read Part 1.)
Need help building your online business? Check out what real estate's leading women had to share at the recent AFIRE (Awesome Females in Real Estate) conference in Savannah, Ga.
1. Distribution trumps destination
Jennifer Anderson of Point2Agent explained how "distribution trumps destination." In other words, it is more important to have your listings appear on multiple sites rather than two or three sites with high traffic. Since consumers search on multiple Web portals, it's imperative that your listings appear in as many places as possible. Point2's syndication service reaches 40 different major real estate portals and more than 200,000 agents in 100-plus countries.
Janet Case of Proxio.com explained how her company helps agents reach clients all over the world. Her service allows agents to have their listings posted in multiple languages in multiple countries. The Proxio platform can also be used in other countries where they lack a multiple listing service. For example, the Philippines just adopted the Proxio platform to run their first-ever Multiple Listing Service.
Anne St. Dennis from the Quebec Federation of Real Estate Boards and the Greater Montreal Real Estate Board Service shared how her boards are meeting the challenge of serving both French- and English-speaking clientele. Dennis explained how they set up their own television station and produce their own videos to reach both the public and their members with important information. For example, they interviewed Bob Hale, CEO of the Houston Association of Realtors and Inman Innovator of the Year for 2008. They tried using subtitles but found that did not appeal to their client base. Consequently, they now dub all of their video so people can listen in their native language rather than reading subtitles.
2. Have a plan and be patient
One of the questions posed to Joeann Fossland of Advantage Solutions and to technology speaker and trainer Amy Chorew, was "What kinds of behaviors work well on social media sites and what doesn't work?" Both agreed that you needed a plan for social networking and that it will probably take 12 to 18 months before it yields results. Since many social networking solutions require your time to succeed, Chorew proposed that Realtors need to address both ROI (return on investment) and ROT (return on time).
Both Chorew and Fossland also emphasized how important it is to track your results. Without tracking, you will never know what works and what doesn't work. For example, Fossland shared a story about the winner of the Inman/Active Rain blogging competition in 2007, Mary Pope-Handy. When Pope-Handy first started blogging, she was frustrated by the lack of results. Due to personal issues, Pope-Handy had to recently cut how much she was blogging. Surprisingly, her leads continued to flow due to the posts she did during 2007 and 2008. The point is to stick with whatever you're doing long enough for it to yield results.
3. What to avoid online
Keynote speaker Marilyn Naylor called the negative energy that many people encounter online "splinter energy." Responding to those who are highly negative will result only in escalating the situation. You won't be able to change the other party. Unfortunately, when you grab a stick with splinters you're the one who gets stuck.
While it's common for people to engage in online sniping, the best approach is to avoid online battles and confrontations. It's also smart to avoid flaming your boss, your clients or your company. ...CONTINUED
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Submitted by RK Ruthman on April 12, 2009 - 4:45am.
Control negativity, control information, control individuals....as the web grows whether through a post, a twitter or a comment, there is a sense of losing control. Keeping the herds of real estate professionals and consumers is a little more difficult now.
Even if one chooses to read a post from a rogue real estate professional or Barney "I Love You - You Love Me" and does not leave a comment, the post has nonetheless been read.
There is some value in negativity. Why would we have have surveys asking for information if we were afraid of a little negativity? Knowing where we need to improve makes our business better.
---You know, Yin and Yang.
What is the impact of the information going to have on consumers?
What would happen if a contrary idea caught on but had positive results for many?
Uh-oh, but maybe not for you, and maybe not for a company.
Sprouting ideas are considered weeds if not controlled.
So, do you think real estate blog websites that are not independently owned would bury posts that they perceive as negative?
(Bernice - Great article to think about)
Submitted by Ned Carey on April 12, 2009 - 9:05am.
>Responding to those who are highly negative will result only in escalating the situation.
That depends on how you respond. I give patient rational responses. If they respond it is usually incoherent rambling which makes them look the fool or they just give up and go away.
Ned Carey
http://baltimorerealestateinvestingblog.com/
http://commercialrei.com/
Submitted by Marilyn Wilson on April 15, 2009 - 4:23am.
Very interesting questions posed by RK Ruthman. There is a ton of consumer data that suggests that a few negative comments actually make the information more credible and influential. If every review is glowing sometimes consumers become suspect. They would rather see a range of comments which truly help them understand the value of a product or service.
The more information about past transactions we can share the better. Giving consumers the ability to contribute to the conversation encourages them to become more engaged in the real estate transaction process.
We recently conducted consumer focus groups and we asked them about their interest in reviewing feedback from fellow real estate consumers. The response was overwhelming. All types of real estate consumers responses favorably. Consumers who received an agent referral from a friend said they would look to the consumer feedback as a way to "check their math". The more interesting feedback came from FSBO customers, though. About a third of the FSBO clients we talked to said they would seriously consider using an agent if they could find one with strong ratings from past clients. If ratings can help even one FSBO customer to work with an agent, it seems like a worthwhile endeavor.
We need to stop being afraid of feedback and start shouting it from the rooftops. The real estate business is based on referrals. You don't get referrals with providing exemplary customer service and happy customers. Take credit for it and watch your business grow.