February 7, 2012

What is the ROI of Pinterest?

300px Facepalm What is the ROI of Pinterest?

Facepalm - Image via Wikipedia

“How do I leverage Pinterest for my real estate business?”

The title of this post, as well as the above question is starting to get asked a lot around the real estate marketing circles and social networks I follow. And I must tell you, it makes me cringe to hear it. Many agents are joining this relatively new network, looking increase their marketing reach and hoping it’s the holy grail of lead generation. Frankly I think they are missing the point and purpose of Pinterest, and may be sorely disappointed in the lack of “ROI”.

Just what is Pinterest, some of you may you be asking? Pinterest is an new-ish social network where users can Pin images, putting together a visual collection of things they love, their interests and inspiration, etc., on pin boards users create in their accounts. These pin boards can be related to anything from food to crafts, fashion to home decor. The possibilities are endless.

Personally, I LOVE Pinterest. For me it is a great source of creative inspiration, craft and DIY project ideas, home decor ideas, recipe ideas, and a place that I can daydream by pining images of my dream home or dream vacation spots. For me Pinterest is fun and and inspirational.

Where I believe that people are really going wrong, especially those that want to “leverage Pinterest for their business,” is that marketing and self promotion is not in the spirit of what Pinterest was designed for. Just simply  look at #3 on their list of the Pinterest etiquette guidelines:

Avoid Self Promotion

Pinterest is designed to curate and share things you love. If there is a photo or project you’re proud of, pin away! However, try not to use Pinterest purely as a tool for self-promotion.

When embarking on any new social networks, Pinterest or otherwise, my advice is to first explore it and really observe. Get an idea of what this community really is about. Observe how other users are utilizing the network. Then go have fun with it. On Pinterest, you may find that you can create new connections and meet like minded people you never knew before. But don’t have high expectations that it will be a magical source of lead generation.

If you are looking into to Pinterest purely as a way to promote yourselves, your listings and generate your business, then frankly I think you should move along. Pinterest is not exactly the place for you, and I think you will find very little ROI, if that is your main goal. Your time may be best spent elsewhere.

PinterestHomeDaydreams 300x177 What is the ROI of Pinterest?

There are certainly ways to use Pinterest and relate it to your real estate business, and you can do so without shameless self promotion. Coming up in a follow-up post, I will show you come creative ways to use Pinterest as it relates to real estate, and show you some examples of those in the real estate industry who are doing it right.  Stay tuned!

 

And if you want to follow me on Pinterest, find me here. You will see that I am definitely not all business all the time.

 

 What is the ROI of Pinterest?

 What is the ROI of Pinterest?Megan E. Barber is a Real Estate Virtual Assistant, and owner of Barber Virtual Assisting Solutions. With over 10 years of experience working within the real estate industry, Megan and her team Virtual Assistants provide top notch real estate support services such as marketing, lead follow-up, social media, WordPress websites, and more. Megan E Barber is also the creator and author of The BVAS Connection and VA Mommy.

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Importance of REALTOR Safety

self defense 300x199 Importance of REALTOR Safety Being a real estate agent can definitely be a difficult job at times. From managing several buyer and seller clients at once, to tracking paperwork and juggling upcoming closings. But he thought that your real estate career can present you with some dangerous situations, hardly ever enters your mind. Some scary stuff in the news lately is driving home the fact that Realtor safety should become a priority.

Realtor safety concerns are nothing new. Several years ago, when I worked in the front office for a major real estate company, the company had decided to offer self defense classes to their agents which some thought was silly. Since the subject came up, my broker then told me this story:

She was working with these first-time buyers, showing them several properties on the weekends over a few weeks. One Saturday morning, she was setting up a few showing appointments for the day, and called one particular owner-occupied home where a pleasant gentleman answered. He said it was the requested appointment was fine and he would make sure to be out of the home.  

Since this was the first appointment of the day, she decided to get to the property ahead of her clients to preview it herself, open up curtains, turn on lights, etc. When she unlocked and opened the door, about 10 feet in front of her was a man sitting in a chair with a shotgun in his lap, starting straight at her. She quickly apologized for disturbing him, backed away, closed the door, and got in her car. She had her clients meet her at the next property instead.

Now that scary situation turned out to be ok for my former boss, as she was unharmed. But it has stuck in her memory and has always taken extra safety measures ever since.

The news tell us that some agents have not been so lucky.

Last year, two Realtors were found murdered in separate incidents, one found shot in a vacant home he was showing, and one found in burning home.

Back in April, an Iowa Realtor was found murdered at an at a model home open house.

In July, a Tennessee agent was attacked and robbed during a showing appointment.

Just last month, an Oregon broker was targeted in his office and shot by a revenge seeking gunman.

A few weeks ago, northern Ohio agents were warned that a man was calling female agents for evening showing appointments, to possibly lure them into vacant homes and sexually assault them.

The sad list goes on.

Real estate can be a risky industry. Agents can often find themselves traveling alone, meeting with and showing properties to people that they don’t really know well or at all. There’s worries that violence against Realtors is on the rise. And it is not just women that are victimized. (check out his report)

What can you do to keep yourself safe? Though past violent incidents don’t always have a common thread, and there is no way to prevent every crime, agents should certainly take any step necessary to protect themselves.

  • Take a self defense or martial arts class.
  • Google new prospects prior to initial meetings to sniff out anything fishy if you can.
  • Meet them for the first time in a public place, such as your office during business hours.
  • Call or text  someone to let them know where you’ll be and who you’ll be with showing properties.
  • Use a tool such as Moby, which is a mobile app  for your smartphone that can alert chosen contacts with a need for assistance and also tracks your location. And it’s FREE!

Do what you can to increase your awareness and fine tune your gut instincts. Please stay safe out there!

 Importance of REALTOR Safety

 Importance of REALTOR Safety Megan E. Barber is a Real Estate Virtual Assistant, and owner of Barber Virtual Assisting Solutions. With over 10 years of experience working within the real estate industry, Megan and her team Virtual Assistants provide top notch real estate support services such as marketing, lead follow-up, social media, WordPress websites, and more. Megan E Barber is also the creator and author of The BVAS Connection and VA Mommy.

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You’re Doing it Wrong

wrong way 300x199 Youre Doing it WrongAre you frustrated with not getting a steady stream of quality prospects from your real estate website? Suffering from too many visitors leaving your website and never coming back?  If you are having a tough time getting new leads and visitors to sign up for your list and contact you, take a long hard look at your site.  Chances are, you are probably doing it wrong.

You Are Doing It Wrong if…

1.   Your site is a stale static site that does not have regularly updated content like a blog.

  • If you are not updating your site regularly with new content, like blogging, your site stays stale, uninteresting and totally irrelevant. And blogging doesn’t have to be strictly written articles. You can regularly post videos and pictures relevant to your market area that will provide content that people will come back to see.

2.   You have pictures of palm trees and beaches all over your header and pages, but your local market is in Denver Colorado.

  • If your site does not reflect you and your local market, what is the point? How would anyone know if you are the local market expert when your site displays a complete disconnect?

3.   You have a forced sign-up immediately just to be able to start a property search or to view IDX listings.

  • I know this is a common tactic to garner leads, so some may disagree with me here. But from my own experience as a consumer… when I am looking for homes and you make me sign up just to search or view them, I will bounce out of there and go where I can view homes unimpeded. It’s a personal annoyance of mine, but I know many consumers share the same experience.

4.   It is too hard to find the top THREE things visitors to your site want most: Home Search, “What is my home worth”, “How is the Market”

  • If those top three things are not above the fold or in a most obvious place on your site for buyers and sellers to find, you are missing the mark. Your site will lose credibility with visitors right away if they have to search too hard to find the information they want the most. So they will bounce out and find it elsewhere.

5.   Your website is all about you and nothing much about your local market and what your visitors want (see the top 3 items above).

  • Truth is, consumers don’t much care about the agents when they start their home search. When you go car shopping, do you first start by searching for the best car salesman you can find? My guess is that you don’t. The same goes for home buyers. They start searching for HOMES not for Realtors. So drop the ego and make sure your site is geared towards the consumer. Answer the question, “What’s in it for them?”.

6.   You’re not offering buyers and sellers something of actual value to them for signing up for your list or updates.

  • Those cheesy, canned “free reports” provided by template sites don’t count. (does anybody really sign up for those?) Try something like the Market Snapshot system, a special buyers guide, offer IDX listings to their inbox, or free foreclosure lists.

7.   Your site has no links or way to connect with you on social media.

  • Social media gives web visitors the opportunity to observe your activity, a bit of your personality, and build up that trust factor over time. And since many visitors are not usually ready right then to make contact with you, provide them links to your Facebook business page or Twitter feed for them to get to know you from a distance. This is especially appealing to Gen Y’ers since they are way more likely to reach out via Facebook than pick up the phone or send an email.

8.   There’s no clear call to action on your site.

  • If you don’t have clear consistent calls to action to tell your users what you want them to do with the information  you provide them, you’re doing it wrong. Tell them to call or email you for more info. Tell them to leave you a comment about their own experiences or questions. Tell them to sign up on your form to receive market reports on recent solds in the area.

9.   You have no contact forms on your site for visitors to actually contact you when they are ready.

  • Only having your phone number or links to email you may be hurting your site’s ability to capture leads. Having no (or very few) contact forms on your site, you’re not making it easy for visitors. It can be especially difficult for those who primarily use a web based email client like gmail or they happen to be at work. In fact, it is important to have some sort of contact form on every page. Make it easy on your users to contact you!

10.  You say you are different from the rest, yet you are using a templated website that looks identical to 50,000 other agents’ sites.

  • Using a template site that is provided to you by your broker or from from some other web vendor, does you no favors. Those template sites hardly reflect your local market or your own brand and you can get easily lost in the shuffle. How can you stand out from the rest if your site looks exactly the same as the next guy and does nothing to set you apart.

If you took a good look at your site and saw that your are doing one, all or any combination of the above, it is probably time for a new approach. Your website should be your hub, your engine for delivering exactly what consumers want when they search for real estate info. If you are not making it easy, not making it all about them, you are losing them. Stop doing it wrong.

Consider utilizing a Real Estate Virtual Assistant to help you do it right.

Seen other ways people are doing it wrong?  Have any questions on how to do it right?  We want to hear from you! Leave us a comment below and let us know.

 Youre Doing it Wrong

 Youre Doing it WrongMegan E. Barber is a Real Estate Virtual Assistant, and owner of Barber Virtual Assisting Solutions. With over 10 years of experience working within the real estate industry, Megan and her team Virtual Assistants provide top notch real estate support services such as marketing, lead follow-up, social media, WordPress websites, and more. Megan E Barber is also the creator and author of The BVAS Connection and VA Mommy.

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Are You Available 24/7/365?

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Are you available to your clients 24/7/365? Have you tried but burned out? Balance in business and life is a good thing. I run into this in my own business. I’ve had past clients think that because their business is 24/7, mine should be too. No thanks! It really is a good idea to set regular business hours and to set good boundries with your clients.
This is a great post on this from Active Rain. Now go read it!

Posted via email from megbarberva’s posterous

 Are You  Available 24/7/365?

 Are You  Available 24/7/365?Megan E. Barber is a Real Estate Virtual Assistant, and owner of Barber Virtual Assisting Solutions. With over 10 years of experience working within the real estate industry, Megan and her team Virtual Assistants provide top notch real estate support services such as marketing, lead follow-up, social media, WordPress websites, and more. Megan E Barber is also the creator and author of The BVAS Connection and VA Mommy.

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Three Reasons You Can’t Afford That High Maintenance Client

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I know in real estate you run into the “high-maintenance” client probably more often than most businesses. Today I stumbled upon this great post via Twitter – Three Reasons You Can’t Afford That High Maintenance Client. It is a fantastic read and something you should really take to heart. As bad as you think you “need” the money and take on any listing that comes your way no matter how hard headed the seller is on that way-too-high price, it ends up costing more of your time, sanity and money in the end. Click on the above link below the photo and check it out.

Posted via web from megbarberva’s posterous

 Three Reasons You Can’t Afford That High Maintenance Client

 Three Reasons You Can’t Afford That High Maintenance ClientMegan E. Barber is a Real Estate Virtual Assistant, and owner of Barber Virtual Assisting Solutions. With over 10 years of experience working within the real estate industry, Megan and her team Virtual Assistants provide top notch real estate support services such as marketing, lead follow-up, social media, WordPress websites, and more. Megan E Barber is also the creator and author of The BVAS Connection and VA Mommy.

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Success Simplified – The FIX or Fire It Method

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Excellent post coming straight out of Agent Genius that you must check out. Re-evaluate what is going on in your business model, your life, etc, then Fix it or Fire it and move on! AG rocks!

Posted via web from megbarberva’s posterous

 Success Simplified – The FIX or Fire It Method

 Success Simplified – The FIX or Fire It MethodMegan E. Barber is a Real Estate Virtual Assistant, and owner of Barber Virtual Assisting Solutions. With over 10 years of experience working within the real estate industry, Megan and her team Virtual Assistants provide top notch real estate support services such as marketing, lead follow-up, social media, WordPress websites, and more. Megan E Barber is also the creator and author of The BVAS Connection and VA Mommy.

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Avoid These Facebook Pitfalls

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Image by Evil Erin via Flickr

Many agents are catching on and joining in on the Facebook fun. The talk of social media and using it for real estate business have been quite the buzz around all the conferences and webinars in the past year. You will find no bigger cheerleader for this that than me, since I have been encouraging this for what seems forever now. Now that I see numerous agents embracing and using Facebook, I have been making some observations. Some that make me pull my hair out. So now I feel the need to give out some guidance on some pitfalls to avoid when using Facebook. It’s time to stop the madness.


1. Don’t incessantly use your status updates to do nothing but post your listings over and over again. Sometimes I wonder if some agents think that consumers log on to Facebook just to look for real estate. Newsflash… They don’t. Posting listings on there once in awhile is fine, as long as you also post relevant and interesting information that people may want to know. Using it to constantly post listings looks fake, inauthentic (and in my generation despise that) and will easily get you ignored by the simple push of the “Hide” button. There are subtle ways to put your listings on your profile. Here is one way I suggest to do it.

2. Keep the drunken bachelor/bachelorette party photos and the like, off of Facebook… or at least make them private. Even though you are a professional, you are probably not all business all of the time and want to project that on Facebook. Even so, be mindful of current and potential clients that may be connected to you and that certain things can turn them off and not give you their business. Yes, your friends might find that picture where you were passed out on the floor or making out with some random person funny, but your prospective clients might be downright offended and cause them to look down upon you. Get to know your privacy settings. They are your friend.

3. Try not to trash people, cities or things on your status updates, links, fan pages, etc. You never know who may be looking at your profile. Things get around, and though you may think you are safe to post how much you hate a certain person, place or thing, no matter how justified you are, it may come back to bite you. This story is a great example of this. And though that story happened through Twitter, with 350 million active Facebook users it is bound to happen there too.

4. Don’t air your dirty laundry for all to see on Facebook. There is such thing a too much information. And really, people don’t really need to know all of your personal drama, marital problems, etc. As the above points mentioned, be mindful of who is looking at your profile. It looks unprofessional. And really, does the public really need to know your very private personal drama? Your clients may look at you differently, or stop returning your calls.

5. Stop constantly posting your Farmville, Mafia Wars, CafeWorld, Fishville, etc, in your status updates. Now in fairness, I do play and participate in some of above mentioned games.  They’re fun but must played in moderation  Really, do you want your colleagues, prospects and clients to think you do nothing but play with a virtual farm all day? It starts to make your clients wonder if you are really spending the time marketing their home or plowing imaginary land. There are ways to play and not share every single detail of what you have done in your games. So if you’re tempted to share it, don’t. It’s annoying. And people will tend to ignore or unfriend you.

So real estate pros, please heed my above advice.  Facebook is a great opportunity to engage with your clients, market yourself, your properties (subtly), and show a bit of your personality, please be mindful of everything you do on there. You never know who is looking and how it may help or hurt your business.

And while you’re at it, come on over and be a fan – www.facebook.com/barbervasolutions

 Avoid These Facebook Pitfalls

 Avoid These Facebook PitfallsMegan E. Barber is a Real Estate Virtual Assistant, and owner of Barber Virtual Assisting Solutions. With over 10 years of experience working within the real estate industry, Megan and her team Virtual Assistants provide top notch real estate support services such as marketing, lead follow-up, social media, WordPress websites, and more. Megan E Barber is also the creator and author of The BVAS Connection and VA Mommy.

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Not a Good Realtor – A little funny from YouTube

Gave me a good laugh for today. icon smile Not a Good Realtor   A little funny from YouTube

Posted via web from megbarberva’s posterous

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Realtors: Thou Shalt Not Rely on Internet Leads Alone

The temptation is there. All these slick internet lead companies are hounding you weekly, telling you that they can promise 100 ”scrubbed” leads per month that are ready to buy and sell RIGHT NOW. And for a significant chunk of money, all those “great” leads could be yours. Sure, why not pay that exhorbitant amount for those leads to automatically come to you? Let’s just pull all the newspaper advertising, direct mail marketing and traditional farming and funnel all our marketing dollars into this internet lead company since all these leads will most likely lead to successful transactionsWith the promise of all these hot leads, who needs any other advertising? 

The above scenario is a huge myth and a big mistake in my opinion. Believe it or not, there are agents and whole real estate companies out there that are abandoning their newspaper advertising, direct mail advertising, and farming to sink all of their marketing dollars into the internet and internet leads. Hundreds of thousands of dollars are being spent on fancy websites, lead capture software, search engine optimization, pay-per-click ads, and lead generation companies. Real Estate agents and brokers are looking for the next big technology tool that will bring in a boatload of internet leads without them having to do much work to get them.  The problem is that internet leads are likely to cost more time and money in incubating these as leads and abandoning a well rounded marketing plan to solely depend on these internet leads can end up hurting more than helping.

Internet consumers searching for real estate are not necessarily ready RIGHT NOW to buy a home or sell real a home.  For many, the internet is where they go upon first searching homes and feeling out the marketplace. The internet gives them the opportunity to scan ads and do a “drive-by” of available listings without having to leave home. They want to remain anonymous for as long as possible until they are really ready to take the plunge. And even when they do fill out a web form for property information, statistics show that those leads can still take 6-12 months or more before they become active real estate buyers or sellers. I do not believe that the return on investment that many of these internet lead generation companies will convince you of, is as good as they promise.

According to NAR’s 2006 Profile of Home Buyers and Sellers, 80% of buyers used the internet for their home searches. But in stark contrast, only 7% of buyers found the agent they used on an internet site.  40% of buyers used agents that were referred to them by friends, relatives or neighbors and another 13% used an agent they have worked with in the past.

Those statistics affirms my belief that you cannot dismiss the idea of having a well rounded marketing plan that involves not only the internet, but also the traditional farming and marketing methods to your friends, family, past clients and your neighborhoods you serve.  People are more likely to use someone they trust or is trusted by a close friend or relative, not some stranger on the internet that sent them an auto-email. When you continuously market to your past/present clients, friends, family, and neighborhoods through newspaper, direct mail marketing , even email if you can, you will stick out in their minds as the one they trust and the neighborhood expert.

Technology in real estate is ever growing and ever changing and there will always be something “bigger an better” that promises to generate tons of leads without lifting a finger, but they never quite live up to the hype. Don’t fall into that trap. When revisiting your marketing plan think about going back to the basics. Never underestimate the power of basic farming and advertising in your community and service area and watch the leads and referrals roll in.


Warmest Regards
Megan Barber
Barber Virtual Assisting Solutions, LLC
www.BarberVASolutions.com

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