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Mountain Musings by Sharron

Who Needs the World Wide Web? We Have the Local Newspaper!

By: Sharron and Steve Lobman
Tuesday, February 20, 2007 6:24 PM

She scrunched up her nose at me and asked, “Won’t my home be advertised in the Daily Planet?”  She posed this question right after I had concluded my fantastic, with a capital “F”, listing presentation showing the zillions of ways that I would be marketing her cute little home.

 

Let me just say this about that. I am very happy with the marketing campaign that I provide my clients. Especially now that Point2 has my back.

 

“More than 70% of people today begin their real estate search on line. My marketing strategy gives your home maximum exposure by utilizing the Internet. Your home could be noticed by people from all over the world!  Not only will It will be featured on the front of my web page that gets hundreds of visits each day. but it will be put on view at the web pages of more than fifty additional local real estate agents.”

 

“And that is just the beginning. Your home will be displayed on the National Listing Service! Yes, National Listing Service of property for sale in the whole “U. S. of A!”

 

Your home will be seen in Google Base, Yahoo!, LiveDeal, Propsmart, Oodle, and Trulia,” I proudly told her.

 

“Further,” I merrily continued, “I am even going to set up a “Seller’s Page” for you, so that you can see how often your home has been visited online. You can even make comments about your darling home if you like.”

 

“And that is not all, (I was really on a roll!) just look at this Google Spotlight ad. I am going to purchase a 15-day ad similar to this one that will feature your home. Plus,I will even e badvertising your home in the Online New York Times.”

 

That’s when I made the mistake of taking a breath, and asking, “What do you think of this? Isn’t it exciting?” 

 

But all that sweet little face could ask of me, was whether her home would be advertised in the local newspaper!  After retrieving my jaw from the floor, all I could do was  mumble this reply. “Of course.”

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Comments

Jody Deeds
Member Since '06

Jody Deeds said:

I hear what you're saying.  Sometimes sellers have egos too and just want to know that their home will get seen in the local paper by their neighbors and friends.  They want that celebrity status I guess.

Eventually, they'll catch on to the internet concept, but by then...who knows what technology we'll have available.  

Next time, ask them where they'd prefer you spend THEIR marketing dollars?  Where they'll get more bang for their buck.

February 20, 2007 6:11 PM
Doug Burke
Member Since '05

Doug Burke said:

We all know that the power of print advertising has been dwindling each year and can continue to try and explain this to the sellers. Unfortunately, most don't really care because that is "just the way it is done" to them. I find it easier to just go ahead and do it but I still explain this fact so that I can continue to help educate the public. It is similar to trying to explain to them the statistics on homes sold through open houses. Again, I still do open houses but they are made aware of the fact that it benefits my future business more than it will benefit the selling of their home.

February 20, 2007 6:28 PM
Mary Welch
Member Since '04

Mary Welch said:

Sounds like she doesn't own a computer....believe it or not there are still alot of people out there that don't, how do they survive?

February 20, 2007 7:48 PM
Michael Bean
Member Since '07

Michael Bean said:

Get the irrelevance of newsprint advertising out of the way at the beginning of the presentation.

Start your listing presentation with the rhetorical question:

When was the last time you watched black & white television?

Why would you?  We have HDTV today. A well developed web marketing strategy is HDTV to the B&W, grainy, low dpi world of newspaper advertising.

Why would you spend money on newsprint advertising? In fact ... if newsprint was free ... I wouldn't invest the time to place the advertising there ... the time is better spent marketing the same property online ... at least you have leverage of distribution, online persistence and tracking of your marketing.

Don't give in to requests for newsprint marketing - instead - ask the sellers where their bathroom is .... walk in ... open your wallet or purse and turn it upside down, shake it, then flush.

Michael Bean | Bean Group | New Hampshire

February 20, 2007 8:28 PM
Gary Szolosi
Member Since '03

Gary Szolosi said:

Great post Michael!

February 20, 2007 10:03 PM
Sharron and Steve Lobman
Member Since '06

Sharron and Steve Lobman said:

Michael,

I feel much better now that I did you toilet flulsh exercise!!!

Sharron

February 21, 2007 8:24 AM
Lenn Taylor
Member Since '06

Lenn Taylor said:

So let me see if I got that right...you get a good listing prospect, go thru your speil about great marketing and balk when your client asks about local advertising? So what its not cutting edge...you are not depriving them of your internet ad just augmenting it w newspaper...as for the analogy about TV, what if they dont watch TV at all?..I dont, I used to spend...make that waste hours a week flipping channels...Make sure you ask the right questions and don't blow your presentation by turning your prospect off with some wise crack rhetorical question.

Whats commision on 150K, 200K, 350K? how much to run a couple lines in local print? How much for a happy client? How much for a referal from a happy client that thinks you did EVERYTHING available to market their property?

February 21, 2007 3:19 PM
Ronda Kaufman
Member Since '06

Ronda Kaufman said:

I don't do Open Houses. I think they are a waste of money/time. I do run newspaper ads. People still read the newspaper. I get alot of calls/business from there.  Some people just want it. Why not give it to them. If the house is priced properly then you'll make your money back.

February 22, 2007 5:11 PM
Lonn Dugan
Member Since '05

Lonn Dugan said:

You have to give the market what it wants, even if it wants something that is not effective.  

That is, unless, you are effective at educating the market to the contrary.

Unless your credibility is very high, it can be less costly to give them what they want...

February 22, 2007 9:36 PM

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Sharron and Steve Lobman
Solid Source Realty/ Blue Ridge, Blairsville

Sharron and Steve Lobman
Member Since '06

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