Real Estate SEO

Posts Tagged ‘Real Estate lead generation’

I’m on a number of email lists. I get lots of newsletters. And I’m a member of a number of Google and Yahoo groups. Most of the time, I just skim. Every once in  a while, there’s a question posted to which I have an answer.

Yesterday, someone posted the question, “How much should I budget for SEO?” Here was my response:

That’s a very open ended question.

To bring this down to earth, you should look at SEO, or really your entire online marketing budget, as a percentage of your overall marketing spend.

For example:

For clients who have been using traditional media for some time, and are about to make their first investment into online marketing (including SEO), we recommend aiming to devote at least 25% of your marketing spend to online marketing. After some time, you’re likely to increase that percentage when SEO and online marketing prove to be the more efficient spend. So, if you’re grossing $2MM/year, for example, and your marketing budget is 10% of your revenue, then you should look to spend roughly $50k on online marketing. If that spend is all devoted to SEO, that’s about $4k/month, which is a realistic number.

If your business is all online, you’re probably going to want to allocate a larger percentage of your marketing budget to the web. Suffices to say, it’s important to start with your budget and not with a “what it is going to cost?”

I’m quite sure that whomever posted that question isn’t the only person pondering the same.  If you have other questions, send them to us and we’ll post answers. Thanks.

A client sent this question to us. We’re not going any SEO for them right now, just PPC Management. This is a typical question that we get from new and potential SEO clients. It’s our constant goal to educate you. So, let’s learn from each other, eh?

We Googled some pretty narrow search terms, like “their term here” and some of our authors’ names, and our site doesn’t come up in the first three or four PAGES of organic Google results. We were pretty surprised by this, so thought we’d check with you whether this is typical when you stop spending money on PPC? I would think we have enough SEO words and content on the site that we would pop up in organic search results.

OK, let’s break this down, shall we.

First of all, if you didn’t know it, your PPC spend does not affect your organic placement. SEO and PPC are not directly related. You can’t buy your way to the top of the organic results by buying sponsored ads. I just wrote the same statement 3 ways. I hope I drove the point home!

Sometimes SEO feels like you're lost in the woods. Here are some answers.

This doesn’t mean that you should spam your content with keywords. Don’t do that! Instead, write good content and people will read it, link back to it, and your SEO campaign will flourish. This brings me to the next part of my answer to this client:

The search engines look at your site and other sites out there and they see how sites link to each other. They look at the text in those links and the pages those links are sitting on and judge the quality of the link. So, if other sites about real estate have links to your site that say “real estate” then you’re more likely to rank for the term “real estate.” The inbound links you have may or may not help you rank for a particular term.

There’s more I could write on this for sure. URL age, how new your content is, even the code of the site, all play a role. SEO answers are often complicated. I hope this sheds some light.

The client is mulling all of this over. I highly expect more question soon. If you have questions about real estate SEO, just drop us a note. Thanks.

Lots of folks wonder why the search engines have written their algorithms in certain ways? Folks ask us how and why social media is going to help them build their brand and generate new business? The high level answer to much of this is that most of this actually parallels a real life situation. The analogs are quite stark. In this post, we’ll examine a few of them.

In the SEO realm, there are lots of factors that affect ranking. Many of them actually digital analogs to the pieces of evidence that we all look for when evaluating the quality of a potential service provider.

URL Age
Do you want to hire the guy who’s been in the business for 6 months of 10 years? I think the answer is simple. All other things being equal, the search engines are going to rank the site that’s been around longer higher.

Links
Well, as we know, quantity of links is not as important as the  QUALITY of those links. That said, a link is like a vote. The more votes you have, the better off you are. Still, people tried to exploit this and just get as many links as possible. So, not all votes are created equal. i.e….

Link Quality
If you wanted to buy a new car, would you take a survey of your friends? Or might you go to your 1 friend who really knows a lot about cars and ask for their expert opinion. Most of us would go straight to that friend. To us, they are the authority on automobiles and their “vote” is more valuable than 10 votes from friends who don’t know anything about cars.

Google uses some sophisticated analysis to determine which sites are authorities. If there’s a website about BMWs and on that site there are links to another site about BWMs, then that other site about BWMs will rank well for the term BWM. The Search engines also look at the text in the link itself. If the link reads Ford Cars, then the search engines conclude that this link points to a page about Ford Cars. Similarly, if the link reads BMW, it’s like the originating site, where the link resides, is voting for the other site in the search results for the term BMW.

New Content
Search engines want to see new, unique content. Why, well, which report do you trust: A report about the best cars on the road from 2004 or a report on the best cars on the road from 2009? Similarly, 2 reports about the best Realtors in the neighborhood might give me the same ranking order, but one might give me more detail as to why someone is ranked at the top of the list. Most of us would like to see the supporting details. So would the search engines.

Unique Content
If all you do is republish everyone else’s content, then why should I ever visit your site? Republishing content, with today’s technology, is relatively easy. If anyone can do it, then many sites will republish the same old content. Why would Google want to send you to one of those unoriginal sites over another. Instead, they’re going to send you to the site with the most unique content and with the most recent posts on it.

Social Media Profiles
Smart consumers do their research. We want to know more about a real estate agent than where they work and what their sales performance looks like. These days, it’s not that hard to look someone up and check them out. Make sure that what they’re going to find looks good. Update your Linked-In profile and your Facebook page. If you are trying to sell the clients on your use of technology, then you better have a Twitter account and your tweets should be relatively current. Google your name and see what comes up. If it’s not flattering, you’re liable to lose a client as a result of the fastest background check in the world.

Social Media Connections
Are you a networker? Do you gain much of your real estate business by relationship and referral? Lots of us do. Social media is an analog to what you’re doing already. Thing is, you can network in your jammies on a Sunday morning. Get connected, remind people you exist and what you do,  and don’t forget to make it personal. Have a real interaction with them. Don’t just friend them or follow them or link to them, ask them how they’re doing and if there’s anything you can do for them. They may just have a job for you.

BLOG!
This one is maybe the most powerful. When you blog and give people insight, they immediately begin to see you as the expert. The more you blog and the more you educate your readers, the more you will position yourself as the expert. If you blog about real estate, when it comes time to buy, the customers will come to you for help in buying their new home.

To boot, blogging means generating more new content. As I said above, more content means better search engine ranking. Blogging is essential to good SEO…Just one of the many benefits.

Thanks for reading our blog. Have a good weekend.

How to measure quality in a real estate  SEO campaign and in a SEO provider.

I’ve talked about similar topics before, but I wanted to lay it out succinctly for our readers since we get a lot of questions on this. The lists below are ways to judge and ways NOT to judge a SEO provider. They’re also metrics and methods for measuring the effectiveness of a real estate marketing campaign overall.

Indicators of good real estate SEO campaign performance:

• Leads generated
• Site traffic numbers
• Average number of pages visited by users to your site
• Average time visitors spend on your site
• Search engine ranking (placement) for a long list of terms

The most important things that a SEO campaign can do is to cause more visitors to arrive at your site and to generate more leads for your real estate business. Now, the number of leads that your site generates also has a lot to do with the design and architecture of your site. So, if the SEO provider has little control over these contributing factors, then the traffic numbers are the best indicator you have of quality.

I’d also be remiss if I didn’t touch on benchmarks for a moment. You must have benchmarks to measure against. If your site is seeing 150 visitors per month from Google when your SEO campaign starts and 1050 users part month 6 months in, this is strong performance. If your website was producing 1 lead per day before the campaign started and how it’s producing 10 leads per day, again, your SEO is doing a good job.

An indicator of a good SEO provider and of any real estate marketing firm is whether or not they provide these metrics to you. If they’re willing to be accountable to you, and they’re not hiding anything, then they have no choice but to show you good work. Otherwise, you’re liable to fire them when the contract is up.

Here are some ways NOT to measure performance of an SEO campaign or of an SEO provider:

• Whether or not you rank for 1 particular term
• Traffic numbers 3 months into a campaign
• The frequency with which reports are delivered to you.

Believe it or not, search engine ranking is NOT what makes for a good SEO campaign. Marketing campaigns MUST produce results. Results = revenue. Results and ranking don’t mean the same thing. As I’ve said before, ranking and a token will get you on the subway.

This same analysis must be applied to all real estate marketing campaigns, media, and ad buys. If the money ain’t producing the biz, then it’s not well spent. Ask the questions, do the math, get real numbers to judge performance.

How the big guys plan to exploit the little guys and how Real Estate SEO and Real Estate SEM level the playing field.

It’s no secret that the National Association of Realtors is on the side of the big guys. I’m talking about the ERAs, C21s, Prudentials, and Exits of the real estate world. From one point of view, that’s OK. These big firms employ hundreds of thousands of Realtors.  That’s a lot of jobs. I’m sure that a lot of our readers work for some of these larger companies and that’s all well and good.

Now, I’m going to draw out exactly how the system that the big guys, supported by the NAR, have put in place, can actually work to the little guy’s advantage, through the use of the internet, SEM, and SEO. It goes like this…

The revenue model at the heart of most the big residential real estate companies is pretty simple.

1. They want as many real estate transactions as possible to happen under their brand
2. They want to keep as much of the transaction’s value as they possibly can.

Seems pretty obvious. If a trillion dollars in real estate transactions happen in the US in a year, then Coldwell, for example, wants as much market share of that trillion to be under their name. AND they want to keep, that is the corporation wants to keep, as much of that as they can.

Most of the big guys are on a traditional split. The agent negotiates a commission with the seller and the company keeps a percentage of the commission. There are 2 ways for the company to make more money:

1. The agent negotiates a bigger commission from the seller. This is all well and good, but most markets are seeing consistent commissions paid by sellers. It’s likely 5 or 6 percent in your market and just about everyone is working for the same percentage – regardless of how long they’ve been a Realtor. So, the corporation has little control over this.
2. The corporation takes a bigger percentage of the agent’s commission.

Now, most of these companies start you at a low split. If you’re new to the industry, they may take 60% of your commissions for the house. If you’re doing a lot of sales, that will graduate to 50/50 and on down until you’re keeping 80% or more of your commissions.

Of course, the big companies want to keep as much of the commission as possible, they don’t like 80/20 splits or event 60/40 splits. Their goal is to have as many entry level agents doing deals as possible. The result is that they’ll keep 50 or 60 percent of the commission. In order to make this possible, they need lots of new realtors in the market pretty much all the time.

So, the big companies, in cooperation with the NAR and local real estate boards around the country have kept the barrier to entry into the real estate profession exceptionally low. Lower than almost any profession where someone has as much earning potential as they do in real estate.

This means that just about anyone can come into the industry whenever they want. So long as this is true, there will always be too many real estate agents for very many of them to make a great living. Sure, some of them will make lots of money, but most will not. Most will take on a second job or do real estate on the side or even average less than 1 deal per year. Just take a look at NRT’s stats for deals/agent and you’ll be shocked. (they’re the largest residential brokerage in the country)

Now, here’s how this all plays into the hands of the average realtor. The internet is one giant level playing field. The big guys can try to buy a million clicks or SEO around every term on the planet, but it’s untenable. They’re years behind the local guys and longevity matters in the SEM game.

You can start a real estate website today and so long as it’s built on a good platform and you hire a good SEM/SEO team, you can achieve ranking in just a few months. In some ways, this means that the internet is in the little guy’s favor. The independent real estate company can be ranked right next to the big guys. In lots of markets, the big companies aren’t ranking at all.

As real estate marketing and client acquisition continually goes more online, the big guys will be more and more left out of the picture. With time, it’ll be easier and easier for the independents to challenge the big guys and take market share. We’re already seeing this in lots of markets. Do a Google search with your town or city’s name followed by the words real estate. This will give you some insight into who’s already investing into real estate SEM and real estate SEO.

Agree? Disagree? Thoughts? We’d love to hear from you. Thanks!

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