Real Estate SEO

We had a new associate start in our marketing department this week. Welcome Aurora. Expect to see her writing about Real Estate SEO on this blog often. Just as soon as we give her the keys.

So, I had the opportunity to teach a few real estate seo lessons. Where to start? Well, we start with direct marketing 101 (circa 1920) and we look at the history of marketing. Then we look at the development of the internet and how SEO, SEM, and social media became what they are today. Of course, we only spend maybe 30 minutes on the first 80 years, but they’re worth noting anyway.

So, 1920. There’s a real estate market, no internet, no Google, and no SEO…yet.

A wise man once referred to marketing as salesmanship in print. Now, this was said about a century ago. Today, we say that marketing is salesmanship through another medium. Back in the day, all we had was print. We had the newspaper and we had the mail (oh, and billboards too, but they don’t get distributed). The newspaper was the major mass medium and direct mail was just about the only direct marketing medium. Still, but no internet and no seo. The real estate market remained the same.

Soon, phones came around, but it took about 20 years for even 10% of homes in America to have phones in them. Still a direct marketing medium was born and phone calls allowed information to travel quite far, cheaply. Then came radio and then TV (told you we’d go quick). Two more mass media. Along with radio came the jingle and branding took a staring role. Still, no SEO.

The masses could hear or watch your ad now and the idea was to generate brand recognition. The selling points often went by the wayside. Also, mass media campaigns generally achieve VERY small conversion rates. When you reach 100 million viewers with a superbowl ad, you don’t need to convert even 0.01% to get a lot of new customers. Radio and TV grew. Budgets grew huge.

That’s the way it was from about 1950 til 1993. Then came the internet and soon the search engine. A few years later, Google and Yahoo! figured out how to make money in the search space. They figured out that they would sell the ad space next to the search results with paid results. Overture and AdWords were born, in that order. Now Google had a profit model (they hadn’t figured it out before then). So, PPC was born.

Here’s the key lesson in this part 1: PPC caused the SEO market.

Here’s how:
When Google created a bidding platform for PPC known as AdWords, marketers like Boston Logic started bidding on terms. The prices went up as companies realized that search engine marketing was a fantastic form of direct marketing. Soon, buying clicks got expensive. So, SEMs started to look back at the left 2/3 of the screen. They realized that the organic listings were FREE and asked a simple question: How do I get my site to come up over there? How can I stop paying for all these expensive clicks?

Thus, the market for SEO services was born. The value of SEO is completely derived from the value of paid clicks. If you can buy the clicks for less than the cost of your SEO expert, then you’re likely to fire them and just get a good PPC manager (they’ll cost you less).

The fact is that SEO is a better investment the vast majority of the time. So, business owners, realtors, and really everyone realized that SEO was the way to go. Thus the preponderance of SEOs nowadays.

OK, that’s it for lesson 1. This one was more about where SEO came from. Next time, we’ll get into the Internet and the search engine’s impact on real estate and the ongoing demise of the newspaper.

Ciao.