The demise of real estate classified advertising is well known. (And I'll admit I am trying to hasten their demise.) Several posts (Here is one by Chichi Ahia) in the past week have talked about advertising budgets and where you should be spending your money. It's evident from all the numbers, and from the comments on the posts, that advertising a listing in the newspaper is not necessarily going to give you any bang for your buck. According to NAR, only 3% of home owners surveyed found their home as a result of a newspaper ad. 

That said, newspapers can be your friend. One of our clients, Cynthia Roberson from Coldwell Banker JME in Destin, FL sent me an unsolicited email. She wanted to share a success and how she achieved it.

"I just wanted to share with you what I have been doing with your Shows," she started. "I did a tour of our area which I named, Best of Destin. I have been sending this to my out-of-town prospects with a flyer and explaining that I want them to click on More Photos and More Info. I am in the process of getting ready to do a huge email farm letter to 5,000 email addresses. I have already received great response from this tour. I have also secured a sale just from someone viewing it in another state. It not only draws people in but they look at my other listings as well."

She continued, "I showed the editor of our newspaper what I was doing and they are going to write an article on me and my thinking outside the box."

View Her Area Show Here

Presenting your content to your local newspaper is a good idea. This is where the newspaper can be your friend. A well written community blog or a great set of neighborhood tours, just about anything may be of interest to a newspaper editor. They are constantly in search of content.  If the real estate editor won't bite, call the travel editor or the lifestyle editor. Find a way to get your face in front of the consumer outside of an advertisement. We've all become jaded to advertising, but a well written article about how YOU think outside the box may get someone's attention.

Cynthia Roberson RealEstateShows.com User

Show created by Cynthia Roberson, Coldwell Banker JME Realty | Destin, FL | 850.585.3602 | Site

 

 

27 Comments on Newspapers Are Good For Something!

DEC
04
2006
615,419 Points 244 Featured Posts Localism Sponsor Outside Blog
Jeff, I advertise in 2 very local, to my market, papers and get quite a bit of business from them. But I am advertising me, not my listings. I also do press releases every week of properties that I have sold. Our paper(Orlando Sentinel) runs 6 "what's selling" properties every Sunday. They have a picture of the property, size, year built, who listed it at what price and who sold it at what price. No one submits properties!!! I have been submitting my sales for years and I am in there just about every week. Folks call me off of these constantly because they think I am the only one selling homes. It's awesome and it's free. Doesn't get any better than that.
6:56pm • #1
428,622 Points 90 Featured Posts Outside Blog
Now, THAT is they way to use a newspaper! In my opinion, the newspaper is about branding. Period. This intrigues me. First, why do you think no one else is submitting? Second, can you quantify "quite a bit of business?" I'd love to know if the quite a bit is proportional to the money you're spending. Also, if you don't mind, what are you saying about yourself that is achieving those results.  Thanks for the comment!
8:23pm • #2
615,419 Points 244 Featured Posts Localism Sponsor Outside Blog

Jeff, the 2 ads I run I have been doing for 10 years. My market has 65,000 people and both these papers are monthlies that go to every household in my market. It's the only place they go. Very basic ads just my face and info on what I do. It's the fact that I have been in them so long that builds my credibility. Companies come and go and ads come and go in these papers, the one constant is my smiling face. I spend $600 a month total for the 2 ads and generate $40,000 to $50,000 a year off of them.

Not sure why other Realtors don't use the free press releases. Maybe it's too much work? Or they don't realise they are free? The public's perception by seeing my sales in there every week is that I sell more property that anyone.

I really don't do anything special in any of my marketing. It works because it's very focused on my market and I keep doing it over and over again, for years.

I also get a lot of expired listings. All I do is mail out a simple letter BUT I have done it everyday for 12 years! It's the first thing I do everyday.

Jeff, you will like this one.

9:03pm • #3
270,547 Points 16 Featured Posts Outside Blog
Newspapers are still good for something, like lining the bottom of my parrot's cage!  For certain things, print ads work well. I think your area has a lot to do with the success of an ad. -Charles
9:19pm • #4
13 Featured Posts

Jeff. Thanks for the post. These days I barely even think of news print or mail for any marketing purposes other than some branding and a weekly open house ad, both of which are meant to steer activity to my website. I've been involved in sales since the early 1980s and have done everything from multiple telemarketing machines "Hello, my name is BoB!..." to spending many thousands a year (and some months) on direct mail programs. I believe that if you believe something works then it works for you.(or whoever)

Today I wouldn't even buy a stamp for a single postcard. Its 80% internet for this Realtor. (And my wife has a pretty bad Prada habit so it works for me or I wouldn't even go there (the internet, that is...)

9:24pm • #5
144,132 Points 7 Featured Posts Outside Blog
Jeff, Great information. I am intrigued by the product offering.
9:33pm • #6
480,278 Points 151 Featured Posts Outside Blog

Jeff T.... there you go... you got featured. Good job and good post.

Bryant is absolutely right.... why don't people use free press releases. That series I did on Philly.... I am going to call the 3 papers in the area, the major tv stations (using their web sites), and someone suggested a local travel magazine or lifestyle article....etc etc

I also just opened an office in my local area and we are going to get the Mayor of Haddonfield to do a ribbon cutting ceremony and like an open house party the same night. There are two local papers that I will be in touch with.

Last....in about a week or so, I am going to do a 3 part series on Haddonfield and again, go back to these papers and maybe the 3 TV stations again.

Again...good post and great reminder... 

10:00pm • #7
428,622 Points 90 Featured Posts Outside Blog

First, Bryant, I did like your "I'm going fishing" post. One, because it was just flat our well written, and two, because the message is so simple, so basic, yet so few do it. "Find the worm that works for you. Keep throwing it out there, day after day after day." Consistency is the key. 

Jeff... thank you. Your series on Philly is exactly the kind of thing I was talking about when I said newspapers are constantly in search of content. Using Bryant's point, if they don't bite this time, they may bite the next. The key is to keep going fishing! 

William... thank you as well. Much appreciated. 

And, Jacqulyn and Geno, newspapers also make a cheap gift wrap. 

10:45pm • #8
468,391 Points 13 Featured Posts Localism Sponsor Outside Blog

great post.  I use the local paper just for branding.  People know who I am just from the AD.  However I prefer other ways to advertise, you know I am a big fan of your product.  I had just posted and included this tour Rhinebeck.

 

10:57pm • #9
428,622 Points 90 Featured Posts Outside Blog
Jennifer... nice neighborhood tour!
11:45pm • #10
DEC
05
2006
477,773 Points 54 Featured Posts Outside Blog

Jeff, I agree with your statement "The demise of real estate classified advertising is well known."  I stop by Open Houses every Sunday after Church. So on Saturday I search the Real Estate Classified Section of the local newspaper for Open Houses. What I have been seeing more of over the last three months is Real Estate companies continuing to advertise their Open Houses in this section, but drastically reducing the size of their Ad's. One of the major Real Estate Companies has completely eliminated the pictures, and reduced the description to three to four lines.  Others that use to advertise every week, have gone to every other week.  The reason for this has been the cost. One Broker told me that an Ad the size of the response comment box here on AR cost them $130. They use to have any where form 20 to 30 Ad's like this, but not any more.

12:38am • #11
428,622 Points 90 Featured Posts Outside Blog

George, that's the point exactly. Advertising costs should be in line with results. At some point, and I'm not sure exactly when that was, an intersection was crossed that put the results way below the cost line. It's take a while for the market to notice, but it's irrefutable.

Allow me a quick story. 

I remember a presentation I made almost 9 years ago to Larry Beasley, who at the time was the Publisher at The LA Daily News. In it I told him they needed to make a strong move to cannibalize their print advertising and begin to create a compelling offering through a combination of web, local print services, media diversification and marketing consulting services aimed at local, small businesses. The meat of the presentation spoke to the power of the Newspaper Brand in the local marketplace and their ability to leverage that brand to create other meaningful vehicles for local business promotion. Vehicles that could prove their ROI and act as a catalyst for local business growth . Larry, who was a visionary, liked it a lot. And I think he could have been at the forefront of a major change in the newspaper industry.  But a few weeks later, Jack Kent Cooke, who owned the paper at the time, died. And with his death came a shift in energy, the sale of the LA Daily News and the departure of a visionary publisher who I still call friend. The newspaper industry has been lacking vision for some time now.

The LA Daily News, like every other major newspaper in America, rested on their laurels and fiddled while Craigslist and Google burned down their ivory tower. They refused to cannibalize themselves selectively. They could have eaten an arm or a leg. Instead, someone else came in and is eating away at their heart.

Ok, that was a little trip down memory lane. I made a lot of money off building newspaper classified advertising for a lot of years before I sold my last company over 7 years ago. But if I were starting that business over today, that avenue would not be there. 

1:46am • #12
409,127 Points 72 Featured Posts Outside Blog

I must Park. I will come back and add my thoughts to my husband's. Don't give me a ticket I am not double parked. :)

Sorry, I have a busy morning.

TLW...ROAR!

Just go ahead and give me a ticket. I decided to go FISHING. :) How much do I owe ya?

TLW "The Lovely Wife"...Great Day To Throw Out A Couple Of Worms...ROAR!

5:57am • #13
187,017 Points 12 Featured Posts Localism Sponsor Outside Blog
Excellent idea!  It gives us something to do with the paper besides use it for packing material!
7:30am • #14
477,773 Points 54 Featured Posts Outside Blog

Thanks for sharing that story Jeff.

The local newspaper isn't getting the message either.  Realtors are advertising in it less and less, and the paper keeps charging more and more to make up for the loss in volume.  Instead of finding ways to bring people back, their just driving them further away.

7:49am • #15
1 Featured Post

Depending on how you advertise can make a difference.  Branding is one way but lead generation advertising is another and probably more effective way.  I am not an expert on this as most of my advertising is the old fashioned but very productive for me direct mail.

But lead generation like for a 1st time home buyer seminar or real estate investor seminar or even a vacation home or in resort areas a snow bird seminar can not only brand you but can bring you business. Professionals from different areas can share the cost of this type of advertising by promoting the seminar and holding it together.

Traditional advertising dying, not for a while as people still like thumbing thru the ads on a lazy Sunday.  You just have to offer them the incentive to call you for their answers.  Key here is a definite call to action for the readers and a definite benefit for calling.

 

10:09am • #16
407,191 Points 16 Featured Posts Localism Sponsor Outside Blog
In the UK they have a great use for newspaper - they use it for wrapping fish - a great way to recycle!
10:36am • #17
158,088 Points 18 Featured Posts Localism Sponsor Outside Blog

I agree. Newspapers are not what they used to be. The NY Times still pulls. NYTimes Online is now prefered however I still do 2 classified ads per listing for Open Houses. After 2 ads in the Times if I don't have an offer it usually means a price reduction is necessary.

I wrote a blog on here a few weeks ago about Wall Street bonuses and I was quoted in Sunday's New York Post.  All newspapers are not equal and The Times is much better than The Post. But hey it's still free publicity.

10:40am • #18
9 Featured Posts

Understanding the power of community branding through media is essential to realizing how to use newspaper, radio, and the web.

Real estate is a branding profession that is tied to a local community. Local newspapers are a building-block of the community foundation, and more and more newspapers are offering methods of branding yourself outside of the traditional advertising space.

I'm always intrigued to find a professional who is writing passionately about area topics and develops a niche in the community, and I am constantly encouraging professionals to spend time and energy in understanding how branding affects word of mouth advertising.

Social media is all about "out of the box" thinking, and hopefully more people like Cynthia will use products like your to move forward in the industry. 

12:14pm • #19
428,622 Points 90 Featured Posts Outside Blog

Barry, thank you. "Methods of branding yourself outside of the traditional advertising space" is what will move the needle. This is specifically true as it relates to the "community foundation" you talk about. Newspapers, for all of their flaws, still remain one of the most trusted brands in most communities. For me, the key to strengthening your own value is to have a valuable partner laud you in a way that does not feel like advertising. That becomes an endorsement. 

Mitchell - nothing is universal, and I hope my comments are not taken to be a complete bashing of the value of newspapers. I do see value, as Barry and Bryant and others have described it. When you can take advantage of free publicity, yes, the newspaper is a great place to get it.

1:24pm • #20
120,053 Points 7 Featured Posts Outside Blog
Our market brings folks that have planned their visit- meaning more online shopping and checking - maybe the paper for local happenings once arrived-but typically have their stay scheduled.
4:05pm • #21
163,654 Points 4 Featured Posts Localism Sponsor Outside Blog Hit Router
I only use newspapers if someone else pays for it.  Otherwise, it is 100% online for me.
9:31pm • #22
428,622 Points 90 Featured Posts Outside Blog
Rob, can you share with the group what happens when someone else pays for it. Meaning, what are the results? What is the focus of the ad when you do it? Thanks!
10:38pm • #23
163,654 Points 4 Featured Posts Localism Sponsor Outside Blog Hit Router

If another agent is unable to do an open house, I will fill in for them but they pay for the ad since it is their listing and their marketing expense plus their photo is in the ad.

The pay-off is that I am real good at helping the visitors of the open houses to become my clients.  One open house I did had one visitor and one only.  Ten days later I helped him buy a different house.  I would have helped him buy the one that was the open but it didn't fit his needs.

So, not really anything earth shattering here; just common sense of making the best of every situation.

11:07pm • #24
428,622 Points 90 Featured Posts Outside Blog
Rob, thanks for taking the time. I appreciate it.
11:48pm • #25
DEC
10
2006
428,622 Points 90 Featured Posts Outside Blog
Michele, I was reading the comments again today and thought I'd respond to yours. I had not yet. Your response seems to indicate that an editorial in a newspaper wouldn't benefit you, since your shoppers come after having been online. Typically the printed news is also online as well and would serve to add value to what you have online already. I don't think there is a downside to going after free newspaper editorial content. 
6:26pm • #26
FEB
03
2007
692,711 Points 145 Featured Posts Localism Sponsor Outside Blog Hit Router

Good post, Jeff. Newspaper ads are often a waste of time, but there are creative things to do in the paper, for certain markets, especially local papers, that don't cost much and yield results (Bryant's point for one). I have done press releases (free) and have had some success with that. And some of the papers are on-line as well so you capture folks who prefer that mode, as well as those who like to read. Tracking the results is key so you know where to spend and not.

Thanks for sharing Cynthia's tour - I am looking forward to the Localism contest participants - should provide great ideas for all.

Jeff

2:35pm • #27

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Jeff Turner

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Helping businesses grow by effectively using evocative Internet-based services. I am the President of Zeek Interactive and Founder of RealEstateShows.com.

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