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Infographic: Real Estate Marketing Trends 2018
Placester’s 2018 Real Estate Marketing Survey reveals these real estate marketing trends: lead generation, challenges, the rise of video content, and social media.
Earlier this year, digital marketing platform Placester published the results of its 2018 Real Estate Marketing Survey. The survey collected data from hundreds of real estate professionals nationwide and contains valuable information for benchmarking your marketing efforts, in “an industry ready to invest more time, money, and energy toward online marketing and generating more leads.”
When we looked at the survey results, we found that there were four big takeaways for real estate marketing professionals: goals, challenges, the rise of video content, and social media. Our infographic below delves into each of these four key areas.
Why are these results significant for me?
First off, you can learn a lot from looking at the aggregate goals for the real estate industry. Understanding what peers are working toward can help you tailor your own efforts, prune unnecessary practices, and optimize your marketing efforts. Knowing, for example, that 40.3% of survey respondents cited lead generation as a top objective helps you get to the bottom line: Regardless of experience, skill level, or niche, real estate professionals are focused on attracting valuable clients, and you should be, too.
Likewise, having an understanding of industry-wide challenges can offer valuable insight. Placester’s survey reveals that just as lead generation is a top priority for the majority of respondents, it’s also the top concern for real estate professionals.
As far as techniques go, one of the most popular marketing tactics for greater exposure in 2018 is emerging as video. The survey reveals that the real estate industry is embracing the power of video marketing. And the good news is, you don’t need an expensive camera, lighting, or a production studio. Your smartphone can be just as effective for creating video content for your social media outlets.
Which brings us to social media. A whopping 84.6% of respondents pointed to Facebook as the social media network they will use the most in 2018. And for good reason. Facebook is ideal for real estate marketing in many ways. Its large user base makes it a go-to network, as well as its robust mobile presence, with location-specific advertising and sophisticated algorithms to help you reach your target audience.
Check out our infographic below for a summary of the rest of Placester’s data.
Real estate marketing trends 2018 infographic
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6 Signs It’s Time to Consider Outsourcing Your Real Estate Marketing
Take an honest assessment of these 6 areas to see if outsourcing your real estate marketing might be a smart move.
Real estate companies are increasingly open to outsourcing real estate management because it allows them to focus on their core competencies while improving effectiveness. So why not apply the same rationale to bolster your marketing efforts? Don’t be afraid to look outside the box for the marketing tools you need to succeed.
As your competitors’ marketing budgets continue to climb, your company needs expertise on your side to get the most out of your marketing dollars — and that’s especially true in the digital space. Content marketing can be very challenging for novices and seasoned marketers alike. Blogging, paid search and social advertising, email marketing, social media management: there’s a lot to juggle. That’s why many real estate15 companies are outsourcing some — or all — of their marketing programs.
Have you considered outsourcing as an option? Maybe it’s time you did. Parsing out certain projects on an as-needed basis to an outside firm can help you comfortably navigate and succeed in the marketing world.
6 signs you should outsource your real estate marketing
Assess your staff in these six areas to determine if it’s time to explore outsourcing your real estate marketing efforts.
1) “Wait, what’s going on with social media now?”
Do you feel like you are always reacting to marketing trends instead of planning for them? You need to be one step ahead of what’s coming, especially in fast-changing spaces like social media, in order to meet your customers where they are.
Learning best practices and new tools can be challenging, especially if you’re time strapped. Using an outside firm with expertise across the spectrum — and whose job depends on knowing the newest platforms and media — will give you an edge over competitors.
2) Everyone is at capacity.
Is your current marketing team able to take on new projects easily, without compromising existing responsibilities? If your staff has great ideas but not the resources to initiate them or follow through, you need to find a way to fix that.
Consider breaking off projects to an outside firm, even on a trial basis to test the waters. Plus if you outsource to experts, you won’t have to reinvent the wheel in-house or risk being off trend.
3) You lack time for proper strategizing and assessment.
Do you have a unified marketing strategy in place with a way to measure objectives and results? If you’re too busy keeping up with day-to-day work to step back and plan, then regularly assess how things are going, consider outsourcing.
Creating a strategy with short- and long-term goals is essential to marketing success. Using an agency to create a roadmap for you — and then to track progress — will free you up to focus on running your business. Also, an objective audit of your practices can be truly beneficial and will only improve your strategies.
3) You only have time to focus on one or two platforms/areas/ideas.
Are your marketing channels diversified? Your marketing reach needs to extend to all avenues, particularly in the digital world. Outsourcing SEO, paid search and social advertising, blogging and social media projects is a relatively easy task to manage and is absolutely essential for success in the current world.
4) You can’t afford another hire.
Are you on a tight budget? If your budget doesn’t allow for hiring and training key staff, outsourcing your marketing needs is a way to grow your reach and accomplish your goals without generating overhead such as training costs, benefits or payroll expenses. It’s also a way to try out new projects and programs to see if they stick.
5) You don’t have time for professional development.
Is there a skill set you and your employees want to advance? Gauge the temperature of your existing staff to ensure everyone’s needs are being met. Retaining top talent isn’t easy, so keep in mind that you don’t want existing employees to be concerned about their job security.
Identity each in-house staff member’s strengths and interests, and cultivate them. Strengthen what you have but look to complete your marketing toolkit with the available expertise.
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- When Traditional Real Estate Marketing Methods Stop Working, Try Digital Marketing
- 5 Tips for Building a Successful Real Estate Social Media Marketing Program
- Using Content Marketing to Market and Sell Luxury Real Estate
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How to Use Instagram for Real Estate Marketing
Instagram is a natural fit for real estate. Here’s what you need to know about using Instagram for real estate marketing.
Highlights:
- Instagram content needs to be consistent in tone and timing, visually appealing and engaging.
- Instagram Stories and Highlights are ideal ways for real estate marketers to give users a look into their brand.
- Hashtags promote engagement and raise brand awareness.
With its highly visual platform, robust Stories feature, and growing user base, Instagram is a natural fit for real estate marketing. The platform boasts over 500 million users and 4.2 billion likes per month. Used strategically, it’s an ideal place to showcase your properties and brand.
Real estate marketers should be aware that Instagram requires a different content and posting strategy from Facebook, Twitter, LinkedIn, or other social media platforms. For example, engagement on Instagram is ten times higher than it is for Facebook, and the demographic is substantially more affluent — making it a no-brainer for luxury real estate.
In general, marketers have been relatively slow to adopt Instagram for real estate marketing, a puzzling reality given its overall popularity and natural fit for the visual nature of real estate. But savvy marketers, like these five real estate accounts for example, have figured out how to use this platform to great success.
Instagram for real estate marketing — the right kind of content
Instagram is a fantastic platform for engaging users. But to get the most out of it, it’s important for real estate marketers to post the right kind of content. Obviously, Instagram is a highly visual medium. It lends itself to beautiful, arresting images, and pitchy hashtags.
Keep your content and visual style consistent. Your profile is your calling card on the platform and should reflect the overall tone you want to set for your brand. This also means posting content at a consistent rate, ideally 2-3 times a day.
Chances are, you’ve had fun playing with Instagram filters. But you may not know that certain lighting and color presets perform better than others. According to Iconosquare, the most popular filters currently on Instagram include Clarendon, Juno, Lark, and Ludwig — and they really do have an impact on engagement.
In order to determine the best types of content to engage your target audience, keep an eye on your competitor and peer brands’ presence on the platform. You can also make use of Instagram analytics tools to track, analyze, and benchmark your Instagram content.
Instagram Stories and Highlights
When the feature was first introduced, Instagram Stories was a gamechanger for the ways in which users interact on social media. Stories are sequences of content that users post to their Instagram accounts over a 24-hour period. Besides photos, Stories can include videos, live and prerecorded, as well as Boomerangs, seconds-long motion clips that play forward and backward.
Stories can also be customized with various design tools, including stickers and filters. Notably for real estate marketers, these tools include location tags, as well as time, weather, or holiday greetings. Audiences can view the Stories of the users they follow within the 24-hour window after they are posted. They can find users with active Stories by scrolling the user icons at the top of the app. Or users can tell their followers that they’ve posted a story by tagging them, which notifies them through a direct message.
For brands, Stories offer the invaluable feature of having metrics wrapped into the experience. The feature allows you to track not only how many views your story has received, but exactly which users have viewed it, and how they interacted with it.
In addition to its Stories feature, Instagram now lets users create a featured group of “Highlights” in various categories on their profile. Stories have only a 24-hour lifespan, so featuring your most effective Stories clips in Highlights gives them a second life, and a chance to engage future followers.
Hashtags
One of the most effective ways to grow your Instagram following is to use hashtags effectively. Since Instagram gives users the ability to follow hashtags that interest them, and they function as links to other relevant content, choosing the right hashtags is the ideal way to reach and engage your target audience.
Keep an eye on accounts of peer brands, to stay up to date with the best hashtags to be using. The most effective hashtags are short, memorable, and easy to read. You can also use a free online tool like InconoSquare or Websta to find relevant hashtags for the real estate industry. For much more, check out our guide to using hashtags for real estate marketing.
If you want engagement, engage
It’s easy to forget that the fundamental benefit of social media is that it’s social. Users want to be part of a conversation. Encourage your followers to interact with you on all your social media platforms, including Instagram. This means responding to comments and brand mentions, as well as engaging with your followers’ content.
Starting and fostering a conversation with your followers and peer brands on Instagram is a key to getting the most out of this platform. Encouraging interaction helps drive brand awareness, and lead generation for your properties. Now, the time has come for you to master Instagram for real estate marketing.
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Using Messaging Platforms for Real Estate to Deliver Content
The 4 biggest messaging platforms now have more users than the 4 biggest social media platforms. Here’s how marketers are leveraging messaging platforms for real estate to deliver content to target audiences.
Gone are the days when social messaging platforms were just about chatting or making plans with family and friends. You might be surprised to learn that “the combined total monthly active user count of the top 4 messaging apps has grown to 4.1 billion in 2018.”
Just to put that in perspective, that’s well over half of the world’s population and — perhaps even more strikingly — dwarfs the 2.19 billion monthly active users that Facebook reported in the first quarter of 2018.
It’s official: Social messaging platforms have surpassed “traditional” social media when it comes to active users. Not only that, marketers are taking notice, and beginning to think about how to leverage messaging platforms for real estate to deliver content to target audiences.
Popular social messaging apps include, for instance, WhatsApp, Viber, Line, Snapchat, and Facebook Messenger.
Tip: Use conversational content on messaging platforms for real estate
As you might expect, a key element in the successful use of using social messaging platforms is to tell your story conversationally. This means tailoring your content to the specific wants or needs of your target audience, creating a compelling narrative with your content, rather than an overt sales pitch.
This kind of storytelling is fundamental to content marketing.
“Messaging and chatbots represent the next logical extension of the content marketing mission,” writes Chris Frascella of the Content Marketing Institute.
According to Thomas Husson of Forbes, “Messaging apps will introduce a paradigm shift for marketers where interactive and contextual conversations will replace ad broadcasting. New conversational interfaces will drive deeper relationships between consumers and brands.”
You may be thinking that this is all well and good for marketing products, but how does it apply to real estate marketing? The truth is, if you have a content marketing strategy in place, chances are, you have a story to tell, and these are tools to help you do it.
Chatbots
Enter chatbots, the technology to turn your content into conversations. Chances are, you’ve already come face-to-screen with a chatbot and may not have even known it.
These computer programs simulate human conversation using auditory or textual methods. Basically, it’s software that communicates with your target audience inside a messaging app. Chatbots are already changing the way businesses interact with their prospects — and with each other.
If you’re thinking that you’re about to be replaced by a robot, relax. AI technology that could take the place of human interaction won’t happen anytime soon. Chatbots are a tool, and they need to be fed content and trained by human marketing professionals.
Tips for using chatbots
The first step is adapting your content for use in a chatbot conversation.
“You can’t just duplicate existing content in your conversational scripts,” says Frascella.
While the goals for your content are the same, the way it is delivered is different. That requires a shift in how it’s structured.
It’s also important to be mindful of timing. Because chatbots require users to opt into conversations, retaining permission to access your audience in this way depends largely on content and timing. This means delivering engaging, meaningful, and valuable content at regular intervals, but not intrusively.
For more ideas on creating a chatbot, check out this post.
Social messaging platforms for real estate are opening new doors for you to deliver personalized content straight to your target audience. Make the most of this opportunity!
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