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Does Social Media Replace Your Real Estate CRM?

By
Real Estate Technology with IXACT Contact Real Estate CRM

I just commented on a blog post, and the topic was so germane, I thought it worthy of a short blog post of my own.  The topic is the role of social media versus contact management.

It's so easy to get lost in social media that we forget to do the basics of organized networking and keeping in touch with past clients and referral sources.  This is where a good contact management system (or CRM) can help. 

If used correctly, your CRM will remind you on a daily basis of who you need to call, meet, email, etc.  By segmenting your database into an A List, B List (and even C List) you can focus your networking time and energy appropriately, while ensuring nobody in your sphere of influence (SOI) falls through the cracks. 

Social media is a tremendous communication tool, but it's completely unorganized and organic.  It's a great way to touch a wide network of people, but it's not a tool for organizing and managing your business.  Social Media complements your CRM, it doesn't replace it.

 

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Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

One big part of social media is real full motion video. No matter what the hour, time zone, zip code, your buyer and seller can hear and see you give the local community tour on this, this and this event. And bang bang bang, property after property tour while that buyer is in his bathrobe, the misses with her hair in curlers and contacts out for the night listening in, being transported to the real estate. Slide shows are not real full motion video and audio is 40% of the video. 

Jan 20, 2011 07:25 AM
Larry Brewer - Benchmark Realty llc
Benchmark Realty LLc - Nashville, TN

Rich - I agree with you, Facebook and twitter should compliment your crm, not replace it.

Jan 20, 2011 02:11 PM
Matt Grohe
RE/MAX Concepts - Des Moines, IA
Serving the metro since 2003

Rich: Call me a dinosaur, but I believe persistent CRM is absolutely essential no matter how much a person uses social media.

Jan 20, 2011 03:40 PM
Rich Gaasenbeek
IXACT Contact Real Estate CRM - Toronto, ON
Real Estate CRM & Marketing Made Easy!

Larry, Matt - thanks for chiming in.  I'm concerned how many Realtors see social media as the be-all-and-end-all, when it's far from it.

Jan 22, 2011 12:01 PM