What can Realtors learn from UBER and EBAY for 2014?

By
Real Estate Agent with Lakes Sotheby's International Realty

 

What can Realtors learn from UBER & EBAY? Quite a lot!

 

  Building an online reputation can be tough.  About 7 months ago Google decided to change the way they index the interwebs.  This has been one of many google updates dubbed the Hummingbird Update.  For those agents that have a big presence online, Google essentially changed the rules on search engine optimization or SEO.  For some, this was a devastating blow to their online image as sites like Trulia and Zillow suddenly took over the top positions in every market for any real estate related keywords.  All 3 of these sites take OUR listings, market them to the consumer and sell the leads BACK TO OTHER REALTORS!  

 Now that these sites dominate the landscape on the web, what can real estate agents do?  Take a hint from Ebay and Uber's feedback systems.

 

          ebay           Uber logo

  Ebay started in the mid 90s and early on realized the importance of sellers reputation, good or bad for the buyer market.  They instituted a very simple system where buyers and sellers could rate the experience of a transaction.  This feedback let the rest of the ebay community know what type of Seller they were dealing with in case they wanted to purchase from the seller.  Over time this feedback proved VERY important to the ebay community to build the online reputations of Sellers.

 

  Uber opened for business in 2009 and instituted a similar system geared towards its rider clients.  The feedback from past riders has become paramount to anyone that currently uses the Uber service for determining the ideal driver before they arrive to pick riders up.  

 

  What do these examples have to do with real estate agents? A lot! Building your online reputation on Zillow and Trulia via posting all of your past sales, good past client experiences and most importantly speaking up on the sites forums and blogs will define the good agents from the great agents out there.  We have been building our presence on both sites for some time now.  Interestingly enough, we are seeing traffic originate from these channels.  Even more interesting, the quality of the leads are significantly better given the users have a dashboard view of your past sales and comments from past clients.  

 

  Zillow and Trulia are not going away. If real estate agents understand the importance of building content on these platforms, they will be able to leverage another marketing channel on the interwebs. 

 

 Ben Ganje + Partners always appreciates referrals in the Minneapolis real estate market! 

Posted by

Courtesy of 

Ben Ganje + Partners

Professional Real Estate Services 

 

 

As a Residential Realtor, Builder and Developer Specialist, we sell homes in and around Minneapolis, Edina, Lake Minnetonka and the surrounding areas in the Twin Cities.
 
YourUrbanLife.com | Facebook | Trulia | Zillow | LuxuryEdinaHomes.com

 


Referrals from around the globe are always welcomed and appreciated, call us at 612.468.5638 or email ben@yoururbanlife.com. Thank-you!

Comments (32)

Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

Isn't this amazing that your post got featured two weeks short of a year after written?  Go figure...

Jan 16, 2015 12:31 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Ben Ganje + Partners - well, we have to protect our online reputation for sure. (There are a few sites for that!)

And having more reviews on Zillow, Trulia, Realtor.com and ActiveRain does make a lot of difference.

Jan 16, 2015 12:33 PM
Gerhard Ade
RSVP Real Estate - Seattle, WA
What sets me apart, will set you apart.

I have same question as Evelyn Johnston  : how come this article gets featured nearly a year after it was written? That aside, I will post my listings on Z and T because of the exposure but I will not spend a dime with them.  I'm in the business of real estate, T&Z are media companies. 

Jan 16, 2015 01:30 PM
Ranee Bray
TCP Real Estate - Cedar Park, TX
North of Austin Homes

I had to manually add in old data on trulia.  It was so time consuming, having to print out old MLS spreadsheets and manually enter them.  I had to stop after 2 hours and that still doesn't count any new construction homes I've sold over the years.  I really dislike Zillow even more... so I haven't taken the time to even do it there.  

And, how many times am I supposed to ask my clients to go post these reviews?  I feel like I am asking them to take on a full time job as my ambassador.

I know your right... it's just so very frustrating.  

Jan 16, 2015 01:31 PM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

eBay has all the gems theses days, but I don't as much about Uber. Seems good enough for a lot of folks!

Jan 16, 2015 02:40 PM
Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239
Real Estate One - Commerce, MI
Michigan homes for sale ~ yesmyrealtor@gmail.com

yes they are not going away.  So you have to use their spots on line to be in the spotlight

Jan 16, 2015 08:03 PM
Sham Reddy CRS
H E R Realty, Dayton, OH - Dayton, OH
CRS

I have mixed feelings about Zillow and Trulia,  Now that they are one ane the same, I like to give them a new name "Zillia" or "Trullo".  I still think they are trying to undermine the integrity of the real estate industry using the technology which unfortunately not the strength of industry.  They should try to reach out to our industry and form a team concept which helps everyone.  I don't see that happening now.

Jan 16, 2015 08:08 PM
Marcia Hawken
WILLIAM RAVEIS - Naples, FL
Naples Luxury Specialist

At a recent sales meeting at the Naples Board of Realtors, our managing broker who is also president of the Naples Board gave us a heads up on a recent mid term meeting of NAR where it is proposed that we will have to be rated......!  I don't know where they are going with this...but know, it could be the future of real estate.  You are way ahead of the curve.

Jan 16, 2015 08:30 PM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Thank you for the reminder. One of the goals this year is to request past clients to post reviews. I have not done so yet.

Jan 16, 2015 08:37 PM
Mike Frazier
Carousel Realty of Dyer County - Dyersburg, TN
Northwest Tennessee Realtor

I am always looking for ways to strengthen my online presence and ranking. Thanks for the post.

Jan 16, 2015 09:19 PM
Richard Robibero, e-Pro, ABR, SRS
Panorama R.E. Limited - Toronto, ON
Selling Your Home as if it were My Own!

One of the major review sites (take a guess) marked my reviews as "suspect" using their special (i.e.voodoo) algorithm. When contacted about advertising there I mentioned that all of these reviews weren't showing up but I have the paperwork to prove that these were real transactions. They said they couldn't do that.

 

At that point I stopped asking for reviews.

Jan 16, 2015 10:14 PM
Janis Borgueta
Key Properties of the Hudson Valley - Newburgh, NY
LIC RE Salesperson

I would not bother with any of these sites for my reviews, or anything else for that matter. I am part of our local mls and therefore my listings end up getting syndicated. I think that Z & T constantly look for ways to manipulate our systems. Sheep all follow as they think it is an easy way to get business. I for one will only ask my clients for a review on one site.. Google reviews. Seems Google prefers it that way. End of story. 

Jan 16, 2015 10:16 PM
Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services

I respectfully disagree. First of all, I do not believe that Z will be around forever. Their inflated stock prices, their drop in stock prices, their hot air with no substance for investors, their losses year after year will one day catch up with the cap of patience of their investors. There is a very simple solution to the z, and that is for all agents who pay to buy back their leads pull the plug. The only revenue of their business is the money they get from the very agents that are losing their rankings. 

Second, you don't have to lose your rankings. That is a misnomer in our industry. Yes, the big ztr's have taken over generic terms in real estate but those are not good leads to begin with. Let them have them and we will fly under their radar to pick up the leads that are real buyers and sellers ready to work with us. 

Third, with more pressure from NAR and all the agents in the country who can round up consumer support - to take that to the FTC. The FTC can stop the sale of z buying Trulia. 

Fourth, Uber is an amazing company but their success comes more from demand and great customer service over reviews. Although in the taxi industry the reviews do help but for Uber- it is more about positioning. 

I also agree with Fred Griffin - reviews are overrated, inflated, paid for and I also think that soon the consumers will catch up. 

Jan 17, 2015 12:27 AM
Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services

Marcia Hawken  Our REALTOR® board just came out with a review system called, RealSatisfied.  NAR is pushing for this because the z and others say that is the way the consumers are moving. It is certainly that way in some geo areas more than others. But in our area, word of mouth is huge and who you know is even bigger. The agent that makes the most money here is ranked #6 in the entire nation out of ALL the agents nationwide and out of ALL the companies- her listings tend to be over $12 Million and she has some at $32 Million. She did over 260 Million in sales and she has crappy service, she is mean, she is not likeable and NONE of that matters. Reviews sites won't help or hurt her. I think this is all very relative:). Don't jump on bandwagons too fast. 

Jan 17, 2015 12:33 AM
Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services

Evelyn Johnston  Posts get featured years after they are written once in a while because the staff goes through old posts sometimes to find some gems. I have had old posts featured especially when it pertains to something going on today in the market or media, etc. 

Jan 17, 2015 12:36 AM
Kelly Cummings and Ryan Cummings
The Cummings Company - Mobile, AL
Your Real Estate Consultants For Life!!!

This is spot on. I don't particularly like being forced to use these sites but I do and get business from them. I do not understand the Realtors that refuse to use Trulia and Zillow because they have taken over the market and are consistently wrong and misinform local buyers. This I understand but don't agree with because it is hurting your business and doing a disservice to your sellers if there homes are not being advertised on the Top 2 real estate websites. 

Jan 17, 2015 01:53 AM
Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Hello again, Ben.  I just noticed something... your Blog was written ONE YEAR AGO.

  Any thoughts or explanations on why ActiveRain chose to Feature it now?

Jan 17, 2015 05:55 AM
Marcia Hawken
WILLIAM RAVEIS - Naples, FL
Naples Luxury Specialist

My point  is that it was explained to me that NAR is thinking of making it mandatory.  That we might not have a choice.  At our sales meeting we discussed it at length, and as I said, our broker is the one who gave us the heads up on this.  This is not money making on anyones part...it is NAR that wants to do this.

Jan 17, 2015 06:44 AM
Dan Weis
Comey & Shepherd Realtors - Cincinnati, OH
Cincy Real Estate Advisor

Trulia recently cancelled the agent blogging feature.

Jan 26, 2015 06:56 AM
LuxurySoCalRealty San Diego
Compass - La Jolla, CA
San Diego Partner - The Private Client Network

they charge a considerable amount but I think it's very important to pay their fees to lock other listing agents from showing up on your listings.  Here in socal it's $350 a month on zillow and around $60 on Trulia just to make sure my listing leads go to me.

Dec 12, 2015 01:31 PM

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