Archive for the ‘Blogging’ Category

LogicClassroom #1: Real Estate Lead Generation

On Monday, we offered our first Logic Classroom. Realtors from all over the country dialed in. Local agents joined us in our offices!

Our next Logic Classroom will be on 12/8/09. Learn how to turn your blog into a lead generation machine!

If you missed the class here’s the slide deck:

Boston Logic - Top 1% for Twitter Followers

If you’re one of the hundreds of people who follow us on Twitter, know that you’re not alone. Based on statistics just published yesterday, Boston Logic is among the most followed on twitter. Fewer than 1% of twitter users have more than 500 followers. If you’re reading this on Twitter, you’re one of more than 1700 and counting!

http://www.techcrunch.com/2009/10/05/twitter-data-analysis-an-investors-perspective/ This is a great article by Robert Moore.

Like most web application, a large percentage of Twitter’s users don’t do anything. Lots of them don’t follow anyone and don’t tweet at all. less than 25% of twitter’s users make up probably 99% of the activity on the site.Twitter for real estate

But that’s ok. Twitter has over 50,000,000 users. The laws of large numbers tell us that a small piece of a big pie is still a lot of pie! So, if you can get our there and grad some more followers some percentage of them will be active.

In fact, I’m going to assume that only10 or 20% of our followers will actually read this blog post when it’s syndicated as a tweet (This happens automatically via rss). That’s ok that means that over 300 people will read the tweet and a few of them will click to this post and read more. The tweet will only be 140 characters.  So, this very sentence will not find it’s way onto twitter. Only the first 2 or 3 sentences of this post will. Some of our growing follower base will then click through. That’s all we want.

If you found us through twitter, let us know!

Also, we’re hiring: http://www.bostonlogic.com/careers

Thanks!

Direct Mail vs SEO for Real Estate

I almost can’t believe that I wrote that headline?

Yesterday, I spoke with a guy who told me he wanted to run a direct mail campaign to drive traffic to his website and capture leads to “farm” (his word) into clients.

Now, first let me say that farming a cache of leads is a great strategy. You can source your leads lots of ways. We recommend a strong online marketing campaign including strong real etstate seo efforts, ppc, email marketing, and a highly accountable reporting system. direct mail

So, this guy isn’t completely off the mark. Yes, your database of leads and customers is gold. You need to nourish this list and grow it. The more qualified users you can drive to your site, the more leads you will generate. If your site is well built to convert real estate buyers, sellers, and renters into leads, then the more traffic you have the more leads you should have.

As we’ve mentioned many times on this blog, you need to consider the cost of each lead. What did you pay to acquire the lead? If you paid $4000 for 8000 clicks (that’s $0.50 per click or site visitor) on Google Adwords and that generated 400 leads, then you paid $10 per lead. Got it?

Well, let’s think about this direct mail campaign that the guy on the phone wanted to deploy. He’s going to spend money sending those mail pieces upfront. Let’s say he sends our 10,000 pieces at $0.40 each. That’s $4000.

Now, he told me that these mailings were going to direct the users to his website. So, how many of the recipients will actually go to a website on a postcard? Here’s where the plan falls off the tracks.

It’s not likely that many of the recipients will actually go to the website. I don’t know about you, but I toss those mailers in the trash. I pick up my mail on the way into my building and the next thing I do is filter out the junk mail straight into the garbage.

So, if our friendly realtor is lucky, he’ll get maybe 5 or 10% of the recipients visiting his site. If the site was fantastic and converted leads at 10% (which is pretty high) he’d have 10000 x 0.1 x 0.1 = 100 leads. That’s $40/lead. Honestly, the cost would likely be even higher.

Bottom line - For real estate marketing campaigns, SEM, SEO and PPC are far better investments than direct mail. And please don’t be fooled and think that you can generate web traffic efficiently using traditional marketing like direct mail.

Hopefully, we just saved you some time and money.

Real Estate SEO, the en vogue investment for the fall season

Every year we notice a trend. Real Estate brokers and agents from back from their summer vacation with new knowledge. They’ve been reading, we say. They’ve been thinking, we say. The result is that we get score of you great folks asking us for the same things.

Almost without fail, it’s something that we’ve been telling you to invest in for at least a year or two. This year, what are people calling us about? You guessed it Real Estate SEO!thinker

Now, this is not a great big ‘I told you so’ post. We’re not that kind of SEOs. I want to know why the real estate industry just woke up during the summer of 2009? Here are my theories.

Real Estate magazine published a cover story on Social Media. Yes, we got some calls about this, we’re even designing a class around it. But the ripple effect that this had was to send real estate professionals running to the web. There they noticed just how hard it was for consumers to find them. They reasoned that if they had better search engine placement, they’d sell more real estate. It’s not a tough conclusion to draw.

Here’s another theory: after a dismal sping, the real estate brokers realized that they needed to finally cut their print marketing budget and find a new horse to bet on. They’d heard of this thing called blogging and started to write. So, what do these realtors want to know? Why isn’t my blog ranking? Sometime we get, “My blog ranks, but my site doesn’t!?” Of course the answer to these folks is that their blog should be a part of their website. Blogging on blogger.com or wordpress.com is fine, but it’s going to bring the users to those sites and not to your website.

Here’s my final theory. Every fall, real estate brokers and agents realize that they didn’t take initiative in the spring. They were too busy selling homes. They woke up on the first of the year and said, “I’m going to invest in real estate seo this year.” But one thing led to another another and they didn’t get around to it. Now, it’s time to act.

That’s ok, 8 months isn’t so long…

But really, this means that the message got across a long time ago. You didn’t need us to remind you. You just needed to remember that you wanted more leads all along.

Last word: Stay tuned for the new BostonLogic.com launching soon! You heard it here first!

Blog Fear

Overcoming blogger’s block.

I’ve been working at Boston Logic now for 2 months, 2 days, 16 hours, and 57 minutes.  As an online marketer, blogging is a part of my job. I know I need to do it.  I know I can do it…but what should I write? There are over 171,476 words in the English language (I Googled it), and it feels like there is  no original combination left.Blog Fear

I know I’m not alone out there. There are real estate professionals all over saying, “yeah yeah I know I should start a  blog”‘ or “yeah yeah I know I need to blog more”, but what’s stopping us? We’re busy, we’re unsure, and maybe we’re afraid. I’m not talking Robert DeNiro on your houseboat fear, but maybe just fear of commitment.  Fear of needing to write something every week.

We talk a lot about WHY blogging is important for real estate online marketing and what to do to optimize our existing real estate blog.

But what about HOW? How do we get over that fear. My suggestion—let go.

Write from your phone when you’re on the bus. Write from Starbucks. Write whenever you’re thinking about something. This morning on the bus with my coffee I thought—gees why haven’t I blogged yet? And look…a blog post.

Write after you show a listing and talk about the questions asked. Write after you read an industry article that gets you thinking.

Don’t spend 2 months, 2 days, 16 hours, and 57 minutes worrying about HOW. Just do. Your keywords and links will find there way in if you write about what you know—your neighborhood,  your business, your industry.

We’re in this together, so let go and let me know what you think.

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