What is real estate marketing like in 2020?
In a word: digital.
More than 99% of millennials are using the internet to shop for homes and real estate agents.
And don’t be fooled into thinking it’s only the younger buyers and sellers who are using the internet in their real estate decisions. Upwards of 90% of young Baby Boomers are also turning to the World Wide Web for help with their real estate decisions.
The writing is on the wall; if you want to be successful in your real estate marketing in 2020, you’ve got to be online.
But, what does that mean for you and your real estate business?
Making sense of online marketing: A guide for real estate
To help you start putting together your online marketing plan, we worked with Constant Contact to develop the ultimate guide to real estate marketing, which you can download now for free!
In our comprehensive 74-page guide, we go over:
- How to set your online marketing goals
- Where people will find you online
- How to develop website and social media content to reach your specific audience
- What you need to do to pull it all together to convert your new prospects into genuine leads
What you need to know about marketing your real estate business online
Having worked for over a decade in the real estate business as an agent and as a Digital Strategist for teams both large and small at big-name brokerages like Coldwell Banker and Berkshire Hathaway HomeServices, I’ve seen firsthand the challenges of marketing your real estate business.
Most agents I’ve worked with over the course of my career are not short on motivation and drive. You know a solid marketing scheme is important; you know it is critical to taking your career to the next level.
What most of us are short on are things like time, energy, and if we’re being honest with ourselves, the confidence that this is a good way to spend our money.
Since I became a staff writer and real estate coach for real estate strategy site The Close a little over a year ago, I’ve gotten to help agents in all stages of their career to solve these problems by helping them develop new, innovative real estate marketing ideas to save them time, save them effort, and best of all, demonstrate a clear return on their investment by generating real leads that result in closed sales.
What most agents don’t understand about online marketing
Time and time again, one of the biggest issues I see agents face is a lack of a clear, unified marketing strategy. There once was a day when managing your marketing on a single channel (like the newspaper) was enough to get you the phone calls you needed to build a successful year.
Now, agents have to deal with multiple channels across the internet from Zillow to social media, each with their own message, each that need to work in tandem with one another. This complexity makes it easy to get frustrated.
Rather than throwing your hands up and losing out on the opportunities that online marketing presents, simplify your approach by starting with a strong marketing foundation that includes these five key elements.
5 key elements of your real estate marketing strategy
- A mobile-friendly website
- An email marketing tool
- An easy way to create content
- A primary social media channel
- Online reviews
Why these 5 elements?
Your online marketing presence has lots of incremental goals, but the overall goal is to do one thing: create more leads that you can convert into clients.
In order to do that, you need a few things to be successful. The first is a fantastic, mobile-optimized website that prospects can visit and learn about you, and ultimately use to reach out to you when they’re ready to do business together.
Not every prospect who reaches out to you is going to be ready to do business right away, which is why having a lead nurturing system in place to continue momentum down the funnel is essential. Email marketing allows you to maintain contact with people passively, providing them value with every message you send.
Online content creation (or “content marketing”) is your chance to demonstrate to the world (and to Google) that you are an expert in your field, giving you a chance to provide information to your prospects that will not only help them in their buyer or seller process, but also reinforce the idea that you’re the right person to help them.
Since your website is your home base and the best way for your prospects to contact you, hosting your content there is your best bet.
But, just having your content online for Google to find isn’t enough. Remember, we’re not waiting for our customers to come to us, we are actively marketing to them, which is why having an active and engaging social media presence is also important. Here, you can point people back to the content you’ve created on your website, engage them in conversation, and create a dialogue that will allow your prospects to learn more about who you are, not just what you do.
Finally, successful online marketing campaigns include a way for your satisfied clients to share their stories with your prospects, which means you need a way to solicit, manage, and promote your online reviews. Remember, referrals are a real estate agent’s best source of new business; great reviews will help super-charge your referral machine.
Ready to get and close more leads?
Now that you know the five key elements of your online marketing strategy, dig into each element more thoroughly in our easy-to-follow and free (!) 74-page guide, the Real Estate Download.