Back in November, Lore Magazine published the list of what it determined was the top 50 Agents and Teams by Volume and Transactions for 2005.  I'm sure there is a reason for taking 11 months to compile the data (perhaps they don't use computers), but that is for another post.  The question that came to my mind was how prevelant was blogging in the marketing plans of the top performers.  I took some time yesterday to run through the list of the top teams by volume and do a little investigating.

I first looked for the websites of each of the teams.  I used Google to try and find the main website for each team.  In my search I found that the level of internet presence of these top teams varied from extremely flashy and sophisticated to overwhelmingly cheesy, and from childish to non-existent.  I also found that the search engine optimization for a lot of these websites left an awful lot to be desired.  In fact, some of the main websites of these top brokers didn't appear when doing a search for the team name or the team's namesake. 

After tracking down the websites, I search each team's site for any mention of a blog.  The results were remarkable.  Only one team made any mention of a blog whatsoever.  That team was Sherry Wilson's from my neck of the woods here in Northern Virginia.  She has a link to her AOL blog on the front page of her static website.  Unfortunately, she has made only 9 posts since March 2006 and hasn't had an entry since September 10th.  But hey, at least she had a blog.

So after finding only one mention of a blog on the main websites I used google's blogsearch to see if maybe they had blogs separate from the main site such as here on AR.  I couldn't find one single top performer with a blog.  Now I didn't do a comprehensive search using all the major search engines but if search by my name turns up my blogs, I would think someone's blog would turn up.

This leads me to two conclusions.  First, blogs are a very personal and individual undertaking.  They are also not a part time job.  As any successbul blogger knows, it takes a lot of time to research, read, comment on and write blogs.  Most rainmakers have gained success by mastering the traditional marketing of real estate.  It has obviously worked for them.  But will it continue to work as well in the future? 

That thought leads me to my second conclusion.  As the profile of the home buyer changes and the baby boomers move off to pasture, the top performers of today will not be the top performers of tomorrow.  And those that embrace Real Estate 2.0 have a good chance of supplanting them on top of any Top 50 list. 

 
Post is included in group: Loudoun County Agents

36 Comments on Top 50 Real Estate Teams Don't Blog

JAN
04
2007
2 Featured Posts

Great research Tony.  That tells me that camping out all day on AR is not the model yet, and we must focus the 80% of our effort on what still produces business, our soi.  But, I agree with you, the market will change.  Blogging is replacing my cold calling efforts at this point.  Last year I had 3 times more volume from my website than I had from cold calling.  My 2007 goal is to increast that 10 times. 

 

9:44am • #1
185,897 Points 28 Featured Posts Outside Blog
that's encouraging to me-i know that if I can stay at least near the edge, i will succeed beyond my current goals!  and those who rest on their laurels?  well....
10:07am • #2
117,126 Points 7 Featured Posts Outside Blog

hi Tony- I just ahd the same discussion with a Realtor friend yesterday....each generation seems to have more technology depth than the previous. When buyers come along (or sellers) we have to evaluate their "level'. ex: My grndmother mother wouldnt be an email cient- phone calls only. My mother has dial up for her internet...my kids-ha- they can txt a full paragraph before I am done dialing a 7 digit phone #.

Their world is the internet for info- not a newspaper (unless it is the online one!)

12:05pm • #3
4 Featured Posts

This is quite a positive post about the next level of real estate and what's to come.

Thanks!

12:09pm • #4
Thanks for that information.  I think my issue lay in the term blog which seemed kind of overwhelming, but to casual.  I had 'real work' to do.  Then, someone pointed out that my opinions, information postings, and other comments on a different venue were 'blogs' even if not called that.  Plus, the connection of that venue was powering search results for me.  BINGO!  Now, blogging is becoming more appealing. 
12:18pm • #5
439,560 Points 2 Featured Posts Outside Blog
Thanks for doing all that research.  It's quite eye-opening to see that the top producers of today are not keeping up with technology.  Those of us that are, well...we'll be the top producers pretty soon!
12:32pm • #6
3 Featured Posts

Paula, early on I was also overwhelmed by the randomness and seemingly chaotic world of blogs.  But fortunately I found a couple of good blogs that cleared up all my confusion. Now we have AR which is a great forum for getting involved without being intimidated.  It is hard to imagine how large of an impact blogging will have on real estate but if you just follow the trends, it could be huge.

12:37pm • #7
3 Featured Posts

On a side note, not sure how it happened but thanks to the powers that be for featuring my post.  Maybe one day I'll find out how that all works.  Thanks again.

12:45pm • #8
529,530 Points 35 Featured Posts Localism Sponsor Outside Blog

Hi Tony - Here's a post I did earlier on the LORE list. The Brenkus Team is at #48, and although we do not have an official team blog, I am #20 on ActiveRain. Our website is www.brenkusteam.com. Rick and Teri built the team by focusing on FSBOs, Expireds and Withdrawns plus repeat and referral business. For 2007, the web will play a greater role in our marketing. I'm working on a couple of big projects right now that will roll out in the first quarter.

Another notable KW team is CC Sells (Chris Cormack). They've converted most if not all of their marketing to the web. I believe the Marriott Team (Tony and Suzanne are both in the AR Top 25 agents) is also moving aggressively in that direction.

I agree 100% with both of your conclusions. A top blogger who can deliver results in the field can gain market share very quickly on some of the old veterans. The Brenkus Team recognizes that and intends to stay young by leveraging our efforts with technology. Let me know if you'll be out for Family Reunion.

12:46pm • #9
1 Featured Post

This is just like the car business or computer business, etc.

Back in the 1960's and 70's, the Big Three was the big three, they had all the market share.  What did they do wrong? They fell asleep while the Japanese came with what car buyers wanted.  The refused to believe it, look where they are at now?  They are getting taken to the cleaners.

The same with real estate.  The real estate agents of yesterday have become complacent.  They have their book of business already established from 30 years of doing this. They don't have any reason to change their ways, since it's all they know and it's worked for them..  But rest assured, the ones that don't change and still want to be in business 30 years from now will change, or they will not be in business.

And most probably won't even see it coming.  A little dip here, more of a dip there, suddenly another company that has the internet presence or is changing with how buyers and sellers operate, suddenly they are gaining market share.  By then its too late... they can't compete, they are playing catch up from 5-10 years of complacency...

I have also seen that in Indianapolis.  You know, I live and breath search engines, see who is on top, etc.  I have really only have 2 main top dogs that actually use the internet here. That is two!!!  That makes me feel great.

The top producer in Indianapolis has been doing it for 30 years.  She has no internet presence at all.   She's never needed it before.  She may not need it before she retires, but rest assured, people doing what she is doing will not work 20 years from now.

 

 

12:47pm • #10
3 Featured Posts

John, Thanks for that info. I actually know Teri and Rick.  I am the Lead Listing Specialist with CC Sells and I have met them at Mastermind and Family Reunion.  Keep me posted as to what you are doing and how it is working out.

12:50pm • #11
3 Featured Posts

John, Another thing I forgot to mention in my post was the fact that the only blog to come up when I did search the top agent teams was your post.  Good job.

12:52pm • #12

Hi Tony,

Are you sure they're not just busy going to the bank? LOL!!!

 No, seriously you do make a good point. The paradigms of real estate marketing are in a big shift.

New ways to leverage the Internet arrive daily. For instance, Point 2 Agent just rolled our their new NLS (National Listing Service!!!) to members today, and will soon be releasing it to all real estate licensees. ANY licensee will be able to choose to advertise their listings for free. This is based on their Agent Handshake system. Pretty interesting stuff...

Read the press release: First National Listing Service for Real Estate Launched

1:05pm • #13
421,478 Points 90 Featured Posts Outside Blog
Tony, I believe you have hit the nail on the head squarely. I had just had a discussion with Bill Leider about this yesterday. I told him that some of the brightest real estate agents I've met have been here on ActiveRain. His comment back was that it may not translate into the most "successful" in terms of money right now. We both agreed that it was only a matter of time before the scales would tilt. 
1:53pm • #14
117,448 Points 11 Featured Posts Outside Blog

Here in the rain forrest, I notice when a regular poster is missing. I think to myself "Ah, they must be out there working" and then they come back and pound out the posts and comments. Blogging is an enlightened use of down time. Some have not had any down time yet but when they do I suspect we will be hearing from them.

Stage It Forward! 

logo

2:00pm • #15
1 Featured Post

TONY -

Hopefully we can evaluate the effects a web presence had on the 2006 results soon to compare.

Many top producers still build personal relationships that do not require a web presence.

My company (mortgage lending) derives a very small percentage of busisness from the internet.
Almost all our business comes from referral partners who find value in our working relatonships.
Realtors comprise the largest share of those referral partners amongst builders, lawyers, CPA's etc.

Since I just moved to a new market I'm hoping to create new relationships utilizing internet exposure.
What's the old addage..."You can have the greatest product/service in the world but if nobody knows about it you won't sell much".

2:04pm • #16
3 Featured Posts
Brian, I agree that personal relationships are still a huge piece of a top producers business.  And the teams in areas like NYC that deal with multimillion dollar buyers will probably never need an internet presence.  But I think there is going to be a changing of the guard in the not too distant future.  Thanks for the comment.
2:22pm • #17
4 Featured Posts

Know what you know and know what you don't know. I never thought that blogs could be such a great business tool, but I heard from others that it was. So I took a chance and it's paying off.

Maybe they think that because of their past successes that they know everything and don't want to hear what others have to say and research where business is heading. But that's how all powerful people, companies and even great dictators have lost everything.

I'm willing to bet that 10 years from now, we'll be sitting around saying "Blog what?" because something new and better came along, but there will still be people saying that blogging is the only way to go.

2:27pm • #18
137,950 Points 15 Featured Posts Localism Sponsor

Great post-

As people become more and more dependant on the web the old-fasioned Realtor that doesn't want to keep up will just get mowed over........... 

2:33pm • #19
3 Featured Posts
Tony...Very informative post. It confirms our anecdotal experience in working with Realtors across a broad age and income spectrum.

Almost every individual Realtor/agent has what I call a Personal Vision rather than an Enterprise Vision. People with Personal Visions are not interested in what they do having a life past their retirement. Additionally, they don't have a business to sell - it's a personal endeavor that has no market value. People in that state want to continue doing what they've been doing, the way they've always done it - and they pray that they can make enough money and retire before they have to learn new rules, new disciplines and new ways of doing business. The next generation of Realtors MUST learn the new ways or they will never be successful. If you want to be around 5 years from today and you don't develop a technological presence - you are toast.  
2:35pm • #20
Tony- Great info thanks. Blogging does take up a lot of time that's for sure. I wrote a Blog about Real Estate Agents & Blogging on my blog over at my Real Estate Agents Directory and how important I thought it was. I think if those top teams would of had a blog on their site it would of helped their site on the search engines and that would of helped them that much more on reaching the top 50. 
2:37pm • #21
6 Featured Posts

Great post Tony.  Is it possible these leaders in real estate hace been in the business long enough to not consider evolving their business?  I know for many more established agents getting more than a cookie cutter website took some doing.

Our duty to our customers as the "wild west" frontier of the internet evolves is to understand how technology affects them and their interests.  If we're not on the cutting edge, or bleeding edge how can we properly prepare and educate our clients?

Sounds like they are missing the boat! 

 

2:49pm • #22
3 Featured Posts

WOW.

That amazes me; I am shocked to learn these stats....  THANK YOU for taking the time to research!  I just kind of presumed EVERYONE blogged these days, at least on their sites....I know it takes a little time, but it's essentially free marketing - and who DOESN'T want that!?

SK

3:35pm • #23
17 Featured Posts
I often get comments from people in my office "you spend so much time blogging and on your website." Oh, and they say this as they wrinkle up their nose. Well, people wrinkled up their noses at Columbus and Einstein too. 
3:38pm • #24
155,100 Points 18 Featured Posts Localism Sponsor Outside Blog

I'm sure there are many good teams out there but frankly I've never had a good experience dealing with a so called team. In my experience so called teams are made up of 1 heavy hitter agent that has a bunch of green assistants or two mediocre agents that their broker pushed together. I believe too many cooks spoil the broth.

Today I was trying to get my buyer to see a listing listed by three agents. I've been calling thier office, their cells, emailed kept calling finally one of the agents team answered the phone and said "oh that listing closed today.   ---I said Oh really it is supposed to be updated in the system when you have an accepted offer" their response "We forgot" ---3 agents to sell a $450,000 apartment and none of them can enter the data in the system. give me a break. I'm going to check again and I'm sure it willl not be updated. They must be desperate for customers since they have to split it three ways. (sorry for the rant)

No offense to the good teams, I just haven't dealt with one yet in my real estate career.

4:23pm • #25
1 Featured Post
Thanks for doing the research, Tony.  Blogging is time consuming and I'm sure these top producing teams feel that their time is better spent doing things that have produced income in the past.  However, the business is changing and those who do not adapt, may not be as successful in the future.  
5:06pm • #26
8 Featured Posts Outside Blog
I have a real estate role model.  Gentelmen earns many hundreds of thousands of dollars a year.  No website.  No blog.  I doubt he has TIME to blog.  But as you say, as times change, the realtor may have to change as well.  Of course, he'll probably be retired by then :)
5:25pm • #27
210,638 Points 39 Featured Posts Outside Blog
Good information. Well put together. I found it interesting to say the least - worth a fiver. Maybe I'm different but I don't take time to submit my numbers even though I am a NAMB member. If I did, according to the top 200 mortgage originators I would be very near the top nationwide. Yet I blog. My real estate company is a rising star turning nearly $12,000,000 in new sales in 2006 with only 2 really active agents and 8 others who are learning the ropes ... yet, I blog. Then again I only spend maybe 30 minutes per day blogging - if that. Why do I blog? Because I want to meet and know people just like you. Roughly 30% of my new business that does not come from a client referral comes from the internet. That's about $15,000,000 in volume every year. I think I'll keep wasting my time on ActiveRain! (I did find it interesting that when I Googled KEN COOK MORTGAGE that the top result was not my website but my ActiveRain blog! Ain't that a pinch!)
9:48pm • #28
4 Featured Posts

Excellent points.

And for my two cents I agree.  It may be dangerous to say this but I feel that blogging today will be the foundation of many of the more successful companies of tomorrow.

Ooh, Gooseberry. :)

11:14pm • #29
JAN
05
2007
3 Featured Posts
Ken, Thanks for the comment.  I know that the list in LORE is not inclusive and I know that some top agents are not on the list.  The one that comes to mind is Russell Shaw.  I know he contributes over at Bloodhound but for some reason isn't on the list.  And I respect the top producers that don't need to have their names in every publication like yourself.  But I think it is important to find agents that speak to both success in selling real estate and blogging.  That list seems to be extremely short.  Thanks again for you insights.
8:45am • #30
174,171 Points 4 Featured Posts Outside Blog
Tony - We agree 100% with your take on this.  As the demographics shift - so to does the marketing approach shift - and online - Web 2.0 - is it.
9:21am • #31
143,780 Points 7 Featured Posts Outside Blog

Tony,

Thanks for the post. Clearly, these agents are working from the traditional model. As the paradigm shifts as you mentioned , their ability to keep up will certainly be challenged.

10:29am • #32
124,914 Points 26 Featured Posts Outside Blog

I think that you could take a core sample of most RE offices in the country and see that those that currently hold the top spots for production (and historically) are not blogging, and neither is the rest of the office, for the most part.  We bloggers, with all our effort, excitement and passion can get lost in the sentiment that others must be doing the same.  Currrently that's just not true for 2 main reasons: 1. Blogging as marketing is new, and will be for some time (another year?) and 2. Blogging is not for everyone and never will be.

Being successful in RE isn't a direct result of blogging, and the effort of blogging doesn't ensure any success either.  There are many paths to becoming a successful business person and there are many paths to becoming a futile blogger, may the two never entwine.  

Successful business blogging is a skill that takes passion, commitment, knowledge, persistence, participation, and most importantly: time.  Those who are already at the top (and have been there for some time) just aren't looking at putting in what it takes to even try... should they be? They should at least be paying someone to get a jump on it for them if they aren't- they obviously have the money.

12:09pm • #33
APR
05
2007
Too funny.... LORE did not do much research before they listed the top 50 teams.  You have to give credit to the numbers. Imagine what is possible if they catch up with technology. I did 521 transactions last year and am just now catching up.
9:08am • #34
NOV
01
2007
Good information Tony. Lol. Thanks :)
8:49am • #35
DEC
08
2007

Tony I am in your Neck Of The Woods!  I would venture to say I have some of the Best websites yes thats with a plural.  But alas Im not one of the top 50 YET!!!!!    

 www.AshburnVirginiaRealEstate.com

 

www.CallLoudounCountyHome.com   

 

www.CallFairfaxCountyHome.com

 

www.CallPrinceWilliamCountyHome.com

 

www.CallFauquierCountyHome.com  

 

1:21am • #36

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Tony Arko

Ashburn, VA

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Market Advantage Real Estate

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