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Geo-targeting your leads? Stop spending money in the wrong places.

By
Services for Real Estate Pros with Virtual Pictures Corp. (VPiX)

It's one thing to say you know what's going on with your GEO-targeting plan with Google's AdWords.

 

It's quite another to realize you're spending about $10,000 too much money per month on useless, empty calorie marketing efforts.

Below is a real phone call with a REAL Broker I had on Friday form Miami, Florida. 

 

BART: " Are you GEO-targeting your prospects right now using Google AdWords? "


BROKER BOB: " Yes, we are. We got good advice from an SEO firm on that a year ago, but we're impressed with your work and we'd like a 2nd opinion of what we're doing."


BART:  " Thanks for the compliment.  What are the key words you are targeting right now on Google AdWords? "


BROKER BOB:


" Miami.  

Miami listings.

Miami Vacation.

Travel to Miami

Real Estate.

Hotels."


BART: " And you're spending how much a month now on these?


BROKER BOB: " Our last month's bill was $14,010."

 

..................................................................................................

 

Suffice to say, the Miami market is a bit aggressive. There's over 162,000 active REALTORS in the greater Miami Dade/Broward county area. There's just ten natural positions on Google's coveted LEFT side. And two slots above and another 6 to 8 AdWords ads on the right.

 

Does anyone know how to solve the Broker Bob's problem above?

 

His key words are GEO-targeted, but he's paying for CLICKS for people looking for;  

 

MIAMI

MIAMI VACATIONS

TRAVEL TO MIAMI

HOTELS

 

What's WRONG with this picture?

 

My calculations show that he's WASTING $7,000 - $8,400 a month on useless key words. Sure, you're traveling to Miami for a vacation. People will CLICK on anything out there. Ka-ching. You get a click. But the person realizes you're selling homes, and the person is looking for a HOTEL. 

 

 

You cannot recover $$$ back from Google because you used the WRONG key words in your AdWords campaign. 

 

So how do you get BETTER GEO-targeting? You start by looking at your traffic reports. We like to use VisiStat.com. Below is a screen grab of a new client we just finished for Better Homes and Gardens. This is VBProp.com in San Jose, CA.

 

Weekly Stats for VBProp.com | San Jose Real Estate Listings

 

 

 

Below is their GEO-targeted stats for the past week. Note how many people are search from California, Texas, Florida, etc.

 

Why is this chart important? Because it lets you know where ELSE to target prospects in other states. So for example, we see a lot of traffic coming from southern California. San Diego, Santa Barbara. Fine, we start to look to GEO target people moving from SoCal to San Francisco/San Jose area.  

 

This kind of fine tuning of your website Search Engine Marketing (SEM) is key. Without this kind of reporting, you're just guessing and spending way too much money like Broker Bob is doing right now in Miami.

 

If you'd like to learn more... call me or drop me a message.

 

 

 

 

GEO Targeted Stats

 

 

 

Posted by

Bart Wilson | CIO
..................................................................
Virtual Pictures Corp (VPiX®)  
iPhone: (719) 645-9940  |  Skype:  vpix360 

Steve Bucher
Mortgage Intelligence Mortgage Consulting - Kamloops, BC

Interesting.  too much traffic which wastes time is as much a problem as too little traffic...not to mention the costs.  Good points.

May 17, 2010 06:37 AM
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Bart - That is the scary thing about paying for ads, and keywords.  I know that keywords are critical to getting the right leads, and I guess that's why I haven't paid for anything at this point.  I am still trying to figure out the best keywords before I sink $14,000/month into my advertising.

May 19, 2010 01:37 PM
Harry Logan
RE/MAX executives realty - Winnipeg, MB
Your Satisfaction is Guaranteed!

Great info Bart!  Thanks for sharing this!

Jul 18, 2010 11:56 PM
Mike Crosby
Mike Crosby Realty - Placentia, CA
Placentia- Yorba Linda Real Estate - 714-742-2897

Bart,

 

Your comments are from 2010. it is now November 2013.  What has changed since then?

Nov 18, 2013 02:15 AM