Why your investment in Yell, Adwords, P.P.C and S.E.O is not helping your marketing goals:

Fifteen years ago when I launched my first online business, I was really excited about the promise of Internet riches. For you as an estate agent launching your new website and investing in digital marketing may have raised your expectations that new technology equals more vendors or landlords.

Alas, after many failed attempts you wonder what the hell is going on? All that investment and still no growth? Tech disruption increased competition and made home owners more powerful. The result is a steady decline in stock levels and a power shift to property portals.

The Problem

The real problem, I believe, is understanding what the Internet revolution meant and how it fundamentally changed peoples’ attitudes. A subtle shift needed to be made by brains still wired for 20th century business to succeed in the knowledge economy.

A shift many haven’t made. We want to sell because that is what businesses do. And it’s really hard to shift out of this mind-set. Re configuring our minds and businesses for the knowledge economy is important to grow despite the challenges we face.

Making the shift

In the past, you expected the media to help get exposure. Now you have to do it yourself by making the necessary investment. The key to success is to understand these two fundamental principles that guide peoples’ use of the Internet.

  1.  Like most web users, home-owners do not come online to get sold. Rather to look for friendly advice and information.
  2.  They act on recommendations from a trusted source.

There is a third which has started to form within the last couple of years and that is, 3. the web is full of noise. People need help to make sense of it.

Conclusion

Becoming a trusted source of information for your clients is your number one priority. Only then could you expect them to act on your recommendations. Without this fundamental shift no amount of paid traffic will help reverse the decline in your stock levels.
For a free consultation on how to secure a competitive advantage or implement a strategy which will see you become the authority in your market place contact me.

Alex Evans

You May Also Enjoy

Rightmove logo
Breaking News

Back-to-school buyer bounce outpaces typical September uplift

New real-time analysis from the UK’s largest property platform Rightmove reveals that buyer demand received a stronger than usual back-to-school boost during the first week of September Buyer demand increased by 5% during the opening week of the month, significantly higher than the average increase of 0.4% seen over the same period during the last…
Read More
Letting Agent Talk

8,500 tenanted homes currently on the market

8,500 tenanted homes currently up for sale as TLP highlights importance of clean client money handovers   More than an estimated 8,500 homes are currently being marketed for sale with tenants in situ across England, according to the latest analysis by The Letting Partnership, presenting landlords with the opportunity to acquire an investment generating rental…
Read More
Estate Agent Talk

Which property types take the longest time to buy?

From complex flats and shared ownership homes to new builds and unusual titles, Lyons Bowe reveals which properties can create the biggest conveyancing workload   The latest insight from Lyons Bowe has revealed which types of property are most likely to require the largest and most complex conveyancing workload, potentially adding more stages to the journey…
Read More
Commercial Agent Talk

Building Site Accidents and Compensation: A Guide for Injured Workers

One mistake, one faulty piece of equipment and an unsafe working setup could cause a construction laborer much more than just aches and pains. One injury can result in medical costs, showing up on working days, reduced income and a path to long recovery. Under certain circumstances, the workers may be entitled to get compensation…
Read More
Estate Agent Talk

First-Time Buyers: Why 4–5 Houses is the Sweet Spot

House hunting before the stress kicks in: Four to five houses is the sweet spot for first-time buyers Just 20% of us feel excited on a first property viewing, rising to 47% by viewings 4 to 5 There’s a U shape trajectory of excitement when it comes to the viewing process However, there is a…
Read More
Breaking News

Two in five mortgage holders switched banks for a better mortgage deal

Of those who have a mortgage and switched banks, 41% did so to get a better mortgage rate deal and 30% did it to receive an incentive related to their mortgage Only 15% of people moving home switched their bank account during the move, while far more switched broadband (46%), energy (38%), and mobile phones…
Read More