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Viral Marketing

By
Real Estate Agent with Weichert, Realtors-Mountain Executives

Recently my firm has cut back on the amount of print advertising we had done in the past. We are increasing our efforts in the viral marketing world. We have received some negative feedback from sellers who want to see their property featured in the latest real estate book. I recently attended a webinar, the speaker had an interesting example. He had recently given a seminar and started the seminar by asking "how many people spoke to or returned a cold call?"-no one raised their hand. the next question: "how many people called a number off a peice of junk mail"?--again no one "how many people called on an ad in a newspaper/magazine?"--a few people did raise their hand. His last question: "How many people did a search on Google/Yahoo today--the entire room raised their hands. I thought this was a great way to get the point across. Advertising is taking a different direction. It will however take some educating our consumers. 

 

Lynda Hester
Prudential Georgia Realty - Rabun County, Ga. - Clayton, GA

Heather,

You made a really good point and I'll use this example in the coming season, because I, too, am cutting WAY back on print advertising. 

It makes the Sellers happy to see their house in print, but I don't think I get more than 1 inquiry per 100 - print versus Internet.

Happy Valentine's Day!

 

Feb 13, 2009 10:49 PM
Yvette Gardner
Keller Williams Realty, Spartanburg, SC - Spartanburg, SC

NAR statistics indicate that only 1% of home buyers come from printed media!  Those are not very good odds for the cost.  Our office teaches classes on viral marketing and we've had some great success stories and we're saving a lot on money.  You office has made the right move.  We tell our sellers up front that we will not advertise in print media and we tell them why.  We just won't do it.  If you set the expectation and strongly believe in it, they will to.

Feb 13, 2009 10:54 PM