Special offer

Web Marketing: View it as an Asset First

By
Real Estate Agent with KW North Sound 103527

There is a lot of articles have been written on the effectiveness of a well planned online marketing strategy and how it can be leveraged for the benefit of companies. But I feel there is an item that is frequently overlooked when it comes the web; viewing web marketing as a company asset not just another tool.

Since my induction into the realm of online marketing I have been told by countless people that "websites are not how our industry does business" and "this is just a fad". At first it came as a real shocker, "how could you believe such a thing", but the realization is more profound that my personal bias towards the online market space. These people that were giving the negative connotation to web advertising never fundamentally believed that website could be an asset on the balance the sheet.

Believing a website, and now blog, can be an asset is so "outside the box" for most that they will never transform their personal or company business to stay competitive in the digital age. But the funny thing is most people have heard of others selling domain names at a price. If domain names can be sold then they must have some sort of value on the balance sheet, right? So why is that most people don't put the same value or belief on a website or blog that it can become a company asset?

Not sure I have answer to that last question but the fact remains as the web continues to be more integrated in our daily lives that a company has to have a substantial web presence to even think about competing in the new generation of service searchers. Today I came across an article, Prediction: Real Estate Super Bloggers, and it gave great insight into the future of SERPs (search engine results page).

If the net is being flooded with quality content for web traffic via blogs vs. the static real estate sites then the big companies are going to pushed to the bottom. From my experience, I already see this happening and an example I will use Jacqulyn Richey's Las Vegas Real Estate website. Jacqulyn works for Prudential but viewing the results page there is no sign of the Prudential website. Is it coincidence? Not really. Jacqulyn views the internet as an asset how she can leverage her business over the competitions. This maybe only me, but I believe Las Vegas Real Estate as a highly competitive search term.

This is the same view we our have for our Marysville real estate website. By taking the first step of viewing our online marketing efforts as an asset Barnett Associates Real Estate has built leaps and bounds on our competition and has also created a barrier to entry due to the time, in a linear sense, that has been put into our website and blogs.

Web marketing is an asset building business strategy that can and will give a business the competitive advantage through the evolution of the internet. As most of us know, 95% of all research starts on the internet which far more than any other means of research.

First Step: Believe

Digg It

Comments (15)

Eric Bouler
Gardner Realtors, Licensed in La. - New Orleans, LA
Listening to your Needs
Seahawks in the snow. I watched the second half so they seemed to look good. Maybe the Saints can keep doing as well.
Nov 28, 2006 03:00 PM
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

LOL!  I had to laugh as I am commenting on the game also!  Hope you stayed warm and congrats to your Seahawks!  Great game!

I couldn't agree with you more.  I am just a newbie, getting started, learning the ropes.  When I have downtime I am always reading, researching and doing something business related.  You wouldn't believe the people who pooh pooh the web and my obsession on becoming successful on it!

Nov 28, 2006 04:21 PM
Sharon Simms
Coastal Properties Group International - Christie's International - Saint Petersburg, FL
St. Petersburg FL - CRS CIPS CLHMS RSPS
Good observation, and I enjoyed your link to Prediction. I think our blogging is something we need to feature more when talking to our sellers and buyers as well.
Nov 28, 2006 10:35 PM
Kristal Kraft
Novella Real Estate - Denver, CO
Selling Metro Denver Real Estate - 303-589-2022

Toby, I believe! Good post, thanks for sharing it...now delete it ok?

kk

Nov 28, 2006 11:14 PM
Mary McKnight
Sacrilicious Marketing - Orlando, FL
Wow, Toby.  Great post. Valuing your site as an asset is essential.  I like to place a dollar value on each visitor/lead/subscriber then calculae those values against my sales to figure out ROIs on my sites.  It is amazing to me to see the power of the web as a markeitng tool.  I certainly know my sites have real, quantifiable value and are a marketing asset.
Nov 28, 2006 11:31 PM
Anonymous
Barry Hurd

Good insight Toby. This is the 2nd industry I've been involved with that has very negative feelings towards the net in general. I was part of the Monster.com team when the "job posting" craze took over the recruiting world in the 90s. 

I think real estate is in the same boat. A lot of industry veterans have developed a "bad taste" in their mouth from years of non-specific web offerings that didn't target how the real estate industry works.

Like any wide-spectrum business tool, it is easy to get side-tracked by options and features of the net that are worthless to a real estate professional. With some basic marketing skills (as Mary said, ROIs and such), a real estate pro can really focus on some fairly amazing returns in a community.

We should have coffee sometime. I'm in Marysville too!

Nov 29, 2006 03:43 AM
#6
Toby Barnett
KW North Sound - Marysville, WA
Toby Barnett

Eric, I sure love Hawk football.

Renee, actually I do believe the boo hoo that people do and the funny thing is it happens all the time. There are so many people in the industry that want to tell you why they are not getting business but when you ask them what are they doing usually the same answer is given; nothing. I say let others do nothing while we do something positive everyday.

Sharon, your totally right about sharing blogging with clients. It is a great feature to use in a listing presentation as avenue where a clients home is going to be featured. Here is a post I did awhile back that is on the similiar lines, Most over looked feature on ActiveRain.

KK, sure thing ;)

Mary, that is an ingienous (sp) idea how to calculate ROI. I need to do a better job with my conversion and that is my brokers and I goal for this coming year.

Barry, the real estate industry is also reluctant to change probably because it is one of the last industry to have a major shift in how it operates and coffee sounds great!!

Nov 29, 2006 05:07 AM
Christopher Howard
Fillmore Real Estate - Brooklyn, NY

Toby,

 Very interesting post!  I am totally behind the idea of online marketing.

Chris 

Nov 29, 2006 05:13 AM
Toby Barnett
KW North Sound - Marysville, WA
Toby Barnett
Believe and hold it true Christopher because most people just blow it off and through it on the back burner and go back to sending out flyers, post cards and stuff like. That stuff is a good support tool but not a web generating activity though.
Nov 29, 2006 08:45 AM
John Novak
Keller Williams Realty The Marketplace - Las Vegas, NV
Henderson, Las Vegas and Summerlin Real Estate
Reading this took me back to the accounting classroom at UNLV. I was thinking a website would be categorized as an intangible asset or goodwill. Checking Google's balance sheet shows nothing for their website. On Yahoo, however, they show $2.9 billion under Goodwill. To the extent that a site generates revenue, or builds or enforces a unique brand, I would say it is definitely an asset.
Nov 29, 2006 04:48 PM
Toby Barnett
KW North Sound - Marysville, WA
Toby Barnett
Great examples John and where would Yahoo and Google be without their websites? Might not exist.
Nov 30, 2006 09:02 AM
Ken Smith
Suburban House Hunters - Arlington Heights, IL
Toby good post, I Dugg it.
Nov 30, 2006 09:50 AM
Toby Barnett
KW North Sound - Marysville, WA
Toby Barnett

Right on Ken :) thx for the Digg or is it Dugg...DiggDugg :)

Nov 30, 2006 12:52 PM
Ken Smith
Suburban House Hunters - Arlington Heights, IL

No problem. I liked the post so it got dugg.

Nov 30, 2006 03:30 PM
Athol Kay
Prudential Connecticut Realty - Bristol, CT

Thanks for the link. :-)   A a new agent I actually think I have a huge advantage over some of the older agents when it comes to the internet and it's application to being an agent.  Good Post.

You may also enjoy delving deeper into my philosophy of real estate blogging with the below link.

http://therealestateguide.blogspot.com/2006/12/advertising-is-to-renting-as-blog-is-to.html

Dec 01, 2006 02:58 AM