I recently wrote an email to a Business Columnist at the News and Observer newspaper in Raleigh, NC to share a few thoughts where I beleive the online social network is headed. Below is an edited version of that email. After you finish reading this post, tell me what is in the future for online social networks and what role will you play in them.

"As you probably already know, more and more real estate agents are creating social network profiles at MySpace, FaceBook, and Eons.com. It's a marriage made in heaven for these social networks and the real estate industry. The purpose for agents joining these social networks and creating profiles are two-fold. It provides opportunities for real estate agents to be viewed as local information authorities and disseminate valuable area information about their neighborhoods, communities, and towns they service. Plus, it provides great search engine optimization "linking juice" for their online presence.

In these social networks, the goal is less "hard sell" and more about acting as an area information expert. These portals allow site visitors to gain a different perspective on a desired community or area. Because this forum is so much more relaxed and dynamic than a traditional website, blogs permit and encourage dialog. It's a terrific value-add for the site visitor too. You can easily see why this is a "win-win" scenario for both the Real Estate Professional and the social network visitor.

Due to the explosive growth of these social sites, we recently began blogging on a relatively new social network geared for the real estate community called Active Rain. What started last summer as a small group of real estate agents, broker-owners, mortgage brokers, and other real estate service providers has blossomed into a 44,000+-member community with many Raleigh area's agents participating.

I can see more and more niche type social networks on the horizon. Each one will provide a portal through which Real Estate specialist will provide valuable information. Here at Dakno, we always "point" our clients toward social networking opportunities. Those who are "SRES" (Senior Real Estate Specialist) will be advised to run not walk to the Eons.com site to share information about finding suitable senior-focused housing information as well as lifestyle tips."

I'm still waiting for a response from the News and Observer writer. As soon as I hear from her, I'll pass along her response.

Where do you foresee the online social network headed, and what role will our industry play? I look forward to your comments.

Enjoy!

Bobby Carroll

P.S. If you find this information useful, feel free to subscribe to my blog.

P.S.S. I recently wrote a related post on the benefits to creating a profile on social networking sites. Take a look.

 

19 Comments on What is the Future of Online Social Networks?

AUG
30
2007
120,288 Points 6 Featured Posts Outside Blog

My greatest success with social networks has come from the ones that I've belonged to NOT positioning myself as a real estate agent trolling for clients but as a regular participant in the network because I share interests with the other people on it.  Just like regular offline social networks.  People get to know and trust me as a person, and know that I'll work in their best interests as an agent.  I suspect - and hope - that that will continue to be the case with how social networks work.  People know the difference between when they're being looked at as friends and when they're being looked at as a resource - at least, the ones that I've run into on the various social networks that I frequent do.  

 

 

8:05am • #1
10 Featured Posts
Tricia - Perfect way to position yourself. Thank you for the comment.
8:12am • #2
1 Featured Post

 Bobby, I'm slowly getting agents on to active rain.  It's really a win-win for everyone on active rain (if they use the account regularly). Margaret Woda informed me the other day that Don Hobb's (hobbs/herder) signed up for active rain, however, only after Margaret asked him to - to prove blogging is a value to real estate (Hobbs/Herder believes that there is NO value to agents in blogging)  Although the account is currently blank, I wonder if he will use it & see the value it doesn bring to agents....not bashing H/H - they are an excellent marketing company, I just don't see how they can rule out blogging completely by saying that there is NO VALUE--when obviously there is...maybe not to all agents, but definitely to alot, expecially those who USE it!

 Good Post as always

8:21am • #3
10 Featured Posts
David - Interesting comments. For me, all social communities have their place and should be used properly so the RE Professional can be viewed as the expert providing free information. Either you recognize the value or you don't. That's up to each individual how they make that determination. I just keep helping my clients and my friends at the social communities I choose to focus on.
8:28am • #4
7 Featured Posts Localism Sponsor

People who take the time to truly participate will reap the rewards by developing relationships throughout the country (and world!).  People who join just to get points and who don't start to participate will eventually go away.  It is a lot of work to participate in social networks.  If you stick with it, at some point you can't help starting to open up and truly develop relationships.

 

8:35am • #5
10 Featured Posts
Hi Ginger - Appreciate your comments and how true they are! Longevity is key. We are focusing on developing rich relationships, good follow up practices and providing sound advice. Still working on some more than others.
8:49am • #6
201,013 Points 4 Featured Posts Outside Blog

Networking is a wonderful tool - be it social or professional.  And there is a time and place for both. 

If you think back in time, there have always been some type of networking.  Church socials, PTA meetings, concerts in the park - even yard sales!  If a person is willing to be the first to say hello.....then the world is our network! 

10:17am • #7
10 Featured Posts
Carol - Couldn't have said it better. I've found its better to listen then speak. Creative listening skills even in the social network setting is important.
10:28am • #8
6 Featured Posts
Hi Bobby! Great post! I see social networks all the time and am lucky that my daughter tells me which ones seem to be going somewhere, what the benefits are and which ones to stay away from. My problem with places like myspace are that there are too many spammers hijacking accounts and stealing personal information. Its just to much of a headache. I agree with my daughter when she states that whoever builds a platform where people are able to access all of their social network accounts on one site will definitely be way ahead of the game. I love what activerain has done for me and have pretty much narrowed it down to that and my own blogs. I may in the future expand onto another network. :)
10:31am • #9
10 Featured Posts
Pamela - Carefully planning which sites make sense for you and your marketing plan is the smart approach and I applaud your way of thinking through the process. Just remember, the big win for you is the SEO value your online presence enjoys when you create all those online profiles which serve as your online endorsements.
10:38am • #10
SEP
02
2007
Bobby - This is a great topic. I am VERY new to facebook  (first social networking group I have joined) and had an interesting experience. I created an account there last week, have no idea how to proceed with mingeling there yet, but did post one listing.  To my suprise the next day I had an email request from someone on Facebook that wanted more information on that property. I did send the information and never heard back from the guy- but I was amazed that in one night I had a response! The whole idea of spending time on facebook is foreign, as blogging was a few months ago but I am sure if I take the time to figure things out, It will be like riding a bike!
10:17pm • #13
SEP
07
2007
139,149 Points 13 Featured Posts Outside Blog
Hi Bobby - I'm convinced this is the way to go. I've been hearing about blogging for years, but it wasn't until the last Inman Connect that the light-bulb went off for me. I see this as being a huge benefit to those who "get it" and work it. The majority, though will probably continue to say it takes too much time, etc., etc.
7:21am • #14
212,238 Points 8 Featured Posts Outside Blog
Well Done Bobby. You and Brad are doing a great job at Dakno. We are another happy customer!
7:30am • #15
107,662 Points 8 Featured Posts
I'm still getting my feet wet with blogging, but I know it's what I need to do if I'm going to connect in a way that's meaningful to the public. This is the new language of real estate. We used to connect via golf, chamber of commerce and art committees, but with the younger generation, this is where it's at. Great post, as usual.
10:50am • #16
10 Featured Posts
Jill - Sounds promising. Keep at it. You are doing all the right things!
7:54pm • #17
10 Featured Posts
Joe - Client satisfaction is so important. We appreciate your vote of confidence!
7:55pm • #18
10 Featured Posts
Jennifer - Speaking the right language using the medium that connects will produce right results.
8:00pm • #19

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Bobby Carroll - Real Estate Marketing

Emerald Isle, NC

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Dakno Marketing

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