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By now you might be one of the thousands of real
estate professionals who are wondering why the estimated 80% of all
real estate transactions that begin on the Internet (according to
NAR®) aren't finding their way to your website. You might be a
doubter that the Internet is really that important in our business.
After all, sales are on the rise again, you're doing ok and your
website got you a "lead", once! Let someone else deal with all those
people shopping for houses online; the Internet "hasn't changed a
thing in the Real Estate business."
Can you say: "Bookstore?" Can you say "Blockbuster® Video
Rental?" Can you even FIND a non-chain bookstore in your town? Have
you heard of Netflix®? These are living examples of paradigm shifts
in American buying habits, and like it or not, our industry - Real
Estate - is right up there with those examples as rapidly changing
marketplaces. Your neighborhood bookstore is replaced by Barnes
& Noble® and Amazon.com®; Blockbuster® has been hurt badly by
the next iteration in entertainment, Netflix®. People shopping for
homes dont stroll into your office; they sit down and bring up the
Internet. That's why 80% of all real estate transactions start
there: its easy, anonymous, and complete and can be performed in the
privacy of one's own home.
All this is well-known and our industry spends
hundreds-of-millions annually with some good effect. Unfortunately,
however, it's the mainline big-time corporate firms and franchisers
who have the most money to spend and who can tweak high tech to
benefit them first, you second. The question is not "What percentage
of real estate sales start on the Internet?" it's "Why aren't you
getting more of them?"
Here are three simple possible explanations why your competitor
is getting more business from the Internet than you are:
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You don't have a personal website but your competitor does;
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You think you have a website, but what you have is a page on a
'monolith' site operated by a big-time corporate firm and no one
shopping for property in your neighborhood can find you;
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You do have a personal website, but it cannot be found by the
search engines, so you don't get traffic.
At the risk of being flippant, if you don't have a personal
website, you are not even in play. There's no need to address that,
here, except to say that you can obtain a professional site
absolutely free - giving you no excuse not to have one. If you count
as your sole presence on the Internet your page on Realtor®.com or
whatever.com, you are invisible to anyone who does not know your
name; if you do have a site that no one can find and is producing no
traffic, here's the most probable reason: the tags that enable the
search engines to categorize and find your site are indecipherable
to the search engine robots.
When a human being sits down at her computer to look for a home,
do you think she would ever type in "Welcome to Prudential of
Athabasca?" How about "Classic Cars, Las Vegas?" These are actual
title tags I have seen on clients' real estate websites. Let me
explain how important these tags are by using a story: Suppose you
were blindfolded and taken to Central Tokyo, Japan; where you were
instructed to find your way to Shingatsu Station, used by three
million people daily. A condition of the experiment is that you
couldn't ask anyone for directions; you couldn't use GPS and you
could only use street signs to find your way there. Sounds doable,
correct?
It's not. Street Signs in Japan are written in kanji script, in
Japanese, and they are indecipherable to Americans with no knowledge
of kanji. Well, street signs on the Internet are written in
hyper-text markup language (html) and anything else is
indecipherable to a search engine. <Title> and <META>
tags are the street signs that enable Sally Homebuyer sitting in her
living room at home to find you when searching for homes in your
neighborhood. That's why Optimization is so crucial: think of a
properly optimized HTML tag as your own personal GPS for buyers:
they have a fighting chance to find you when you have one.
Many people have invented many ways of attempting to obtain high
ranking on search engines, so that when Sally types in "Cozy Home in
Pittsburgh" in her email browser search engine, that they are one of
the 10 search results that show up on the page. (Unfortunately, many
purported experts at this are similar to the purported experts in
real estate that cloud your nightmares because they are harmful, not
helpful!) If you are not on that page and you sell cozy homes in
Pittsburg, you are out of luck: one of the ten people on that page
will sell Sally her home. It's a fact that over 81% of people
looking for a house on the Internet stick with the first real estate
professional they contact. Translation: you need to be found in
those first ten search results.
But, in order for anyone to effect any good position help for
you, the first thing you need to do is have your tags optimized by a
person who knows what they are doing. It doesn't cost a lot, but it
makes a huge difference in your ability to be found and your traffic
will go up gradually and permanently. You can go upward from there:
Search Engine Placement is a good product (if the person attempting
to enlist you as a client can SHOW you five or six customer profiles
where their clients are on MORE THAN ONE first page), but not every
one wants to spend any additional dollars these days. Everyone can
afford optimization, but more than 80% of all real estate
professionals are not properly optimized. That means, they can't be
found by searchers looking for property.
Most clients receive traffic of between 300 – 7000 visitors
monthly, some receive much more. At a 10% conversion rate, you can
see what that means as regards real, live, good leads. Maybe the
reason you're not sharing in the bounty of the Internet is that you
aren't using the right tools. Maybe you can't be found by people
searching for homes in your neighborhood. Why not make 2007 the year
that you join the folks who make sales and listings from the
Internet every week? You can be sure that other real estate
professionals are doing just that, and you can be sure that some of
them are your direct, local competitors. It's your call: Stay lost
or be found!
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