There’s always something to howl about.

Category: Marketing (page 50 of 191)

Nest Realty, Jim Duncan’s new broker, joins the custom sign club

Long-time real estate weblogger Jim Duncan moved to a new brokerage recently — Nest Realty. As a part of their launch, they’re building custom real estate yard signs, the prototype for which you can see above.

Jim asked for my thoughts on the signs, and I’m going to go into this at some little length. All of this touches on the stuff we’ve been talking about since last week.

First, I think these signs are striking, very interesting graphically. The grid layout is sweet and fine, a very clean style of communication.

Second, I want that middle sign to be a hell of a lot bigger. My guess is that it’s 18 x 12, a very common size for real estate signs. We do our middle sign at 24 x 36. Jim’s sign is in much better taste than ours, but I need for people to know that they’re seeing a custom sign, so I think I need to grab them by the throat.

Third, my belief is that for custom signs to work, they have to have that paragraph of small text we use on our signs. The marketing objective of the signs is to stop traffic, not simply to promote a fleeting awareness of a home for sale among passing drivers. We’ve been using that paragraph of small text from the beginning, long before it was possible to make custom signs. We know from hours of observation that people slow down, stop, read the sign, take the flyer — all because they had to slow down to find out what that small text was saying.

There are some nice marketing ideas at Nest’s main web site, and the site for this particular home is worth a look. The HDR photos are incredible, and I want for them to be a lot larger.

This is a case where I don’t find the web presentation of the home to be at all satisfying, and that’s another one of the points that I hit all the time. We know from talking to our open house visitors that people will spend hours at a single-property web site if you Read more

Why should you buy real estate — and lots of it — now? Well, inventory abounds, prices are low, and interest rates are incredibly low. And there’s one other factor you might take into account…

Follow the tiny blue line. That’s the growth of the U.S. money supply. That vertical surge you see there at the right is, essentially, a doubling of the number of dollars in (virtual) circulation since August 2008. Every dollar you own will soon be worth fifty cents. And every dollar you owe will soon be worth two bucks. You do the math…

There are no second acts in American real estate listings: It’s priced right, prepared right, presented right — and the house still won’t sell. What do you do now?

Barry Bevis in Tallahassee is looking for help. And he’s willing to pay for it.

He has a listing that he’s having trouble moving, and he’s looking for marketing ideas to draw the attention of a buyer.

Here’s Barry’s note:

I have a great listing that just won’t sell…

I’ve given it my version of the Bloodhound treatment: Custom Sign, Website, URL and lots of photos. You can see the home by clicking here.

It’s in a preferred neighborhood with parks and shopping within walking distance. It has been well maintained and is priced well — according to comps and other brokers feedback. It has a great yard and a hot tub!

The negatives: After a year of trying to sell I know them! Small Master bath and No Half Bath. Tile Counters in the kitchen — our area prefers Stone. The cost to cure these “issues” is beyond what the seller can do.

We did start with it priced too high. The seller was “not in a hurry” and wanted to try a higher price. I said okay because he is a friend — knowing all along that it was a mistake. Now its in the ballpark and would appraise at the new list price.

I get a couple of people in a week — and loads of website traffic. But no offers. Not even obnoxious low ball offers.

So the seller keeps asking me what to do… Besides lower the price. So this month we are dropping the price 1K a week, a 4K price drop. That will make it show up on any buyers automatic web searches as “Price Reduced.” We are also offering to pay a point to drop a buyers interest rate, likely below 5%.

What else should I be doing?

I’m looking for ideas to ignite interest in this home and get it sold. I’ve got a $100 AMEX gift card to the most creative idea. Greg and I are the judges.

Step up and tell me what to do!

This is a tough problem, one I wish I were unfamiliar with. F. Scott Fitzgerald said, “There are no second acts in American lives.” One of the Read more

The quest for all the world’s riches is over: It’s in your iPhone…

The feature set for release 3.0 of the iPhone operating system was announced yesterday, but I think the photo above says just about everything that needs to be said.

Yes, that’s the iPhone serving as its own graphic equalizer user interface in order to maximize the performance of a third-party peripheral.

There is no one else in product design who thinks like this.

The huge benefit of naming things is that it enables us to conceptually separate this from that, to isolate particular objects or ideas so that we can think about their unique properties and potential.

The outrageous curse of naming things is that we tend to force-fit whatever it is we’re thinking about into the shoebox we’ve crafted for it by naming it.

Do you see? A public hallway is a shopping mall, and vice versa, but few of us can think of both at the same time. A mobile phone powerful enough to please Steve Jobs is going to be powerful enough to do almost anything, but only people who think like Steve Jobs can find the almost anything inside the phone.

Every other smart phone on the market is just a phone with some gadgets slapped on as afterthoughts. The iPhone is well on its way to being almost everything…

“What do you mean, stop the party? We haven’t ripped off the new neighbors yet!”

One of the fun devices in Part III of Atlas Shrugged is something author Ayn Rand called “the policy of the microsecond.” Despite the high-flown philosophical claims of the looters, their actual motivation was never anything other than “the expediency of the moment” — one absurd rationalization after the next, justifying theft and visiting the consequences of that theft upon its victims.

Just about a month ago, as a comical palliative for the housing mess, I wrote this as a joke:

[I]t would make great sense to make immigration to America easier and faster. Imagine having neighbors who work hard, pay their bills on time and can spell correctly!

That’s the logic of the policy of the microsecond. We don’t want to stop stealing wealth from innocent people. We don’t want to amend our ways and do better going forward. We don’t want to undo the awful damage occasioned by centuries of accelerating criminal government. No. All we want to do is find a way to get through this crisis. We’ll worry about the crisis caused by this “solution” — the crisis of the microsecond after this one — later on.

So guess what happens? I might have been joking, but we live in a world beyond satire. From the Wall Street Journal:

The Obama administration should seriously consider granting resident status to foreigners who buy surplus houses in this country. This makes more sense than the president’s $275 billion housing bailout plan, which Americans greeted with a Bronx cheer.

The federal bailout forces taxpayers to subsidize overextended homeowners who bet on ever-rising house prices and used their abodes as ATMs, and it doesn’t get to the basic problem — the huge inventory of excess houses. We estimate that 2.4 million houses over and above normal working inventories are left over from the 1996-2005 housing bubble. That’s a lot, considering the long-term average annual construction of 1.5 million single- and multi-family units.

Excess inventory is the mortal enemy of house prices, which have already fallen 27% since the peak in early 2006. We predict another 14% drop through the end of 2010 if nothing is done to eliminate Read more

Independence, for Realtors, comes from having a broker’s license

This came up in a private discussion, but this piece of the pizza is a matter of interest for all Realtors. Ready?

GET YOUR FROLICKING BROKER’S LICENSE!

I don’t think I’ve ever said this in public, but I promise you it’s an oversight that should have been obvious all along.

Everything Bloodhound is about being as independent as you can possibly be.

That doesn’t mean you don’t engage with other people. What it means is never being in a situation where you have to put up with other people, whether you like it, hate it — or you want to kill someone because of it.

GET YOUR FROLICKING BROKER’S LICENSE!

A favorite game of dipshits who flitter into BloodhoundBlog is to pretend that they don’t understand what I am talking about when I deride vendorsluts.

Here’s a definition that will do no good at all: A vendorslut is a sleazoid who takes your money and gives you next to nothing in exchange for it — usually while binding you to an outrageously unfair contract.

And by that definition a huge number of real estate brokers are vendorsluts. Their entire business model is based not on selling real estate but on milking wide-eyed real estate agents for every penny they have, then dumping them as soon as they’re all milked out.

I can hope that no one reading this is some venal broker’s sucker, but that con-game is baked in the cake.

For that reason alone, you should:

GET YOUR FROLICKING BROKER’S LICENSE!

Obviously, I believe that your best move is to up your own organization, to turn your practice or your team into your own brokerage instead.

But even if you choose to work as an associate broker, having your broker’s license gives you options.

Yes, your legal liability increases, but, as with all advanced education, having your broker’s license brings with it significant marketing advantages.

And if your own designated broker moves on or gets sick, you have the legal qualification necessary to move into the big boss’s chair.

Perhaps more importantly, with a broker’s license, you are a bigger threat, should the big boss get the idea he might want to sever you.

And, recalling that Read more

My ZinePal wish list: Editors copyfit by cutting and adding copy

This is an email I sent last night to Frank Worsley of ZinePal. Also copied on this email were Teri Lussier, Brad Coy, Cheryl Johnson, Brian Brady, Sean Purcell and Eric Blackwell, the folks who have been talking about ZinePal privately. I’m sharing this in the hopes that it will spark other ideas.

Frank Worsley: > Let me know if you have any feature requests or run into any problems and I’ll try to fix it for you.

Okay, Frank, you asked for it.

This is my wish list for ZinePal, but I’m copying these other good folks because we’ve all been playing with the software. We’re all affiliated with BloodhoundBlog.com, a real estate industry-focused weblog. We love ZinePal because we have huge and unending publishing needs.

Emphasize that: We love ZinePal. I’m going to ask for a lot of stuff, and the others here will chip in with their own ideas, but I don’t want you to despair in any way. We’re happy to help you make ZinePal better, if we can, but you’ve already kicked our teeth in and left us smiling about it. We’re in your debt, never doubt it.

My background: I was a typographer when that word meant something. Even so, I understand that the world has changed — and I have changed, too. I want a certain amount of typographic control, if I can get it, but I’m not prepared to jump out the window if I can’t have it.

Much more important to me is control over the copy. Typographers copyfit typographically. They have to follow the copy out the window. Editors copyfit by cutting and adding copy. Give me editorial control and I’ll solve my own typographic problems.

So:

1. I want control over the feeds. I need for a feed to be forgotten if I need to reimport it. I need for as many posts as I wish to come in with the feed. I can work-around this by using categories in WordPress, e.g,

http://www.bloodhoundrealty.com/wp-rss2.php?cat=7

Category feeds seem to come in in their entirety.

2. But: Once I have the copy in ZinePal, I need to be able to edit it in place. If Read more

With zinepal.com you can create a targeted magazine in no time flat

The Scenius set, set in motion by Teri Lussier, has been playing with a clever little web app called zinepal.com.

It’s a further elaboration on the kind of feed games we’ve been playing for months, but zinepal takes us into the world of atoms.

What does it do? Working from RSS feeds you feed to it, zinepal makes a newsletterish kind of magazine, saving your selected content as a PDF file and also as Kindle tinder.

What can you do with it? Teri saw zinepal as a physical magazine, and Brian Brady wanted to take it to every barber shop in town.

Brad Coy saw it as a way of promoting $800,000 starter-condos to impoverished San Franciscans.

I don’t care a lot about paper documents, but a PDF file is much better than formatted HTML for communicating print-like ideas in email. And if the person on the other end wants to print — or forward — your content — shazam!

Other folks had other ideas, and they can speak for themselves.

But what can you come up with? Take yourself to zinepal.com and see what you can put together.

I traded email with the developer today. He’s eager to improve the product, and there ain’t nobody with publishing needs like Realtors and lenders.

In support of zinepal, I implemented feeds in Scenius scenes today. That way, you could use a scene to aggregate content from multiple sources, then pass that one feed along to zinepal.

This is a cool tool. It could use more graphic control, and you can paint yourself into some unsightly corners. But for a quick and dirty tool for turning blog-based content into (real or virtual) dead-tree content, zinepal rocks.

Technorati Tags: , ,

“If I never make a single payment on my super-cheap FHA loan, do I still get my $8,000 tax credit?”

WAPO:

The last time the housing market was this bad, Congress set up the Federal Housing Administration to insure Depression-era mortgages that lenders wouldn’t otherwise make.

This decade’s housing boom rendered the agency irrelevant. Americans raced to aggressive lenders, seduced by easy credit and loans with no upfront costs. But the subprime mortgage market has crashed and borrowers are flocking back to the FHA, which has become the only option for those who lack hefty down payments or stellar credit. The agency’s historic role in backing mortgages is more crucial now than at any time since its founding.

With the surge in new loans, however, comes a new threat. Many borrowers are defaulting as quickly as they take out the loans. In the past year alone, the number of borrowers who failed to make more than a single payment before defaulting on FHA-backed mortgages has nearly tripled, far outpacing the agency’s overall growth in new loans, according to a Washington Post analysis of federal data.

Many industry experts attribute the jump in these instant defaults to factors that include the weak economy, lax scrutiny of prospective borrowers and most notably, foul play among unscrupulous lenders looking to make a quick buck.

If a loan “is going into default immediately, it clearly suggests impropriety and fraudulent activity,” said Kenneth Donohue, the inspector general of the Department of Housing and Urban Development, which includes the FHA.

The spike in quick defaults follows the pattern that preceded the collapse of the subprime market as some of the same flawed lending practices that contributed to the mortgage crisis are now eroding one of the main federal agencies charged with addressing it. During the subprime lending boom, many mortgage brokers and small lenders milked the market for commissions and fees by making as many loans as possible with little regard for whether they could be repaid.

Once again, thousands of borrowers are getting loans they do not stand a chance of repaying. Only now, unlike in the subprime meltdown, Congress would have to bail out the lenders if the FHA cannot make good on guarantees from its existing reserves. And those once-robust reserves Read more

Don’t miss Part II of Matt Carter’s gripping series on AR vs Move

I didn’t want to let this pass without remarking on it:

The second part of Matt Carter’s gripping series on the abortive takeover of Active Rain by Move, Inc. is up today.

I thought AR’s lawsuit against Move was a joke from the first, and there is nothing in the text to lead me to change my views.

But, man! The drama of it all! Matt Carter has the skeleton of a good book, a cautionary tale about what happens when the wide-eyed world of Web 2.0 comes up against a crew of grizzled Wall Street-trained veterans. Lo-tech don’t mean no-tech.

Here’s the moral, if you’re the skip-ahead kind of reader: Verbal agreements are not worth the paper they’re printed on.

Fascinating reading, both parts. Well worth your time.

Technorati Tags: , , , ,

Epiphany Marketing and Rocky Road ice cream…

I have talked about and written on Mayoral Marketing before.  The basic premise of marketing, according to this theory, is to build a community of people who would elect you mayor.  This concept leads to some useful details on how we should go about marketing in order to accomplish this election.  (Hint: it’s a campaign)  The problem though, is that Mayoral Marketing explains the how of marketing, but not the why.  I know, the “why” seems obvious: the goal of marketing is to generate potential clients and closed transactions, right?  Wrong.  That’s the objective; that’s the end result to be gained.  But the question of “why” is a question of purpose.  Does everything that makes up the how lead to the objective.  In other words: what is the actual GOAL of our marketing?

The Epiphany Moment

The goal of marketing is to place us with the potential client at the moment of epiphany.  Let’s call this Epiphany Marketing.  What am I talking about?  Most people don’t just suddenly decide to buy or sell a house.  Usually, something else happens; they’re walking along when all of a sudden:

  • They hear that cousin Bernard just bought a house.  BAM! (moment of epiphany)  “If my dopey cousin Bernard can buy a house, I certainly can.”  At which point the good marketer wants to figuratively (if not literally) be standing right there in front of them.
  • They meet with their CPA and find out how big their tax liability is for the year.  BAM! (moment of epiphany)  “I need to buy a property and get some deductions… right now.”  Again, a good marketing campaign puts you there in their mind even as they have the epiphany.
  • They’re walking along and the beautiful, young wife says, “honey, you know I love you.  That’s why I’m so excited to be pregnant” … (wait for it) … BAM!!  “I need a bigger house!”  The goal of any good marketer, when that tender and touching moment arrives, is to be standing right there between the both of them.

This is alternatively known as Mind Share as well as Top of Mind Status – but I like Epiphany Read more

If you’re in the Phoenix area on April 22 and you want to learn a whole lot about how to use Web 2.0 to promote your real estate practice — I’m in the Yellow Pages under chopped liver

I’m having an exceptional week.

On top of money work, I got the Universal Contact Form to the point where I can deploy new variations in seconds.

I’ve been playing Gooder games for fun — except the fun keeps turning into profit.

I worked out an algorithm for round-tripping data out of and back into Heap, making it possible to use rigorously self-populating forms to get existing databased prospects to scrub their own records. I did a small piece of this before Seattle, but I fleshed out the whole strategy this week.

That algorithm is general enough that it can be used to generate any kind of intelligent email: Any CSV file can become an email that uses a coded URL to self-populate a form that in turn produces other intelligent results: New database records, new CSV files, etc.

I hit upon — but have not yet implemented — a completely new way of organizing my sidebar at our Phoenix real estate weblog to make each WordPress Page its own quarterback in still more Gooder games — all of which, of course, are also Heap games.

I’ve been bugging Michael Wurzer at FBS Systems about making the FlexMLS IDX system responsive to coded URLs. If they will do this, I can build forms that can punch data into Flex just as I’m doing with Heap.

And today I worked out a way to take back the fattest third of the long tail from HomeZillTruGain at a cost in money and labor approaching zero dollars and zero cents. To the contrary, what I’m doing should actually pay us in added incremental SEO juice.

And the funny part is, I have two other long tail strategies that, so far, I’ve only implemented in pilot projects because those two do require a modicum of labor and I just don’t have the time to throw at them.

My thinking is that, by the time I’m done, I can plant three sloppy Bloodhound kisses on the first page of the SERPs for maybe 2,000 long tail keywords — maybe more.

And that’s just the stuff that I’m thinking about right now. The first quarter of 2009 Read more

Brief links: Todd Carpenter at REBarCamp Virginia, Active Rain versus Move and why the Kindle iPhone app is too-little, too-late

Daniel Rothamel made a UStream video of Todd Carpenter’s appearance yesterday at REBarCamp Virginia. Todd acquitted himself fairly well, only now and then sounding like an oily, evasive politician. His mien was perfect: Middle-management nerd, which is his newly-assigned role.

His boss, Hillary Marsh, also spoke, and she was a lot less encouraging. She clearly sees social media — essentially Twitter to her — as yet another spam channel for NAR agitprop blather. Here’s how it is: People don’t respond to the NAR’s ActionSpams, but it’s not because they hate the NAR and despise its continual abuse of the political process. No, it’s because they’re not being spammed enough. Yeesh!

There was a long discussion about NAR responsiveness, but it boils down to this: You will become one with The Borg. The NAR will be happy to listen to your complaints as long as you don’t have any. Nothing new…

Matt Carter has a killer two-parter on Move’s failed attempt to acquire ActiveRain and AR’s subsequent lawsuit against Move:

By the time the deal fell through in May 2007, the window of opportunity for ActiveRain’s founders to cash in on their site’s success had closed, attorneys for the company claimed. In an August 2007 lawsuit ActiveRain sought $33 million in damages, alleging breach of contract, unjust enrichment, unfair competition, fraud and deceit.

Last month, attorneys for Move and ActiveRain said a settlement had been reached in which each side would bear its own costs and attorneys’ fees. They asked U.S. District Judge Dean Pregerson to dismiss the case “with prejudice” — meaning ActiveRain would be barred from filing another suit making the same claim.

This was interesting to me: While he was employed by Move, Inc., Dustin Luther was casting about for ways to pimp the RE.net to Move:

Move had hired a prominent real estate blogger, Dustin Luther, and developed a set of company blogs. A team under Samuelson was working to develop more sophisticated blogging and social networking capabilities for Move.

Realtors are “probably our largest untapped resource,” Luther said in a Nov. 1, 2006, e-mail to Move’s then-CEO Mike Long. “There are hundreds (if not thousands) Read more

engenu Epiphany #2: A hierarchy of Folders becomes a hierachy of Pages becomes a functional web site

I drafted this article a few days ago, before Greg posted his video demo of engenu.  Coincidentally, I think my post here serves as a pretty good introduction to the engenu functions that are covered in the video.

I like Greg’s description of  engenu’s functionality here.  (About two thirds of the way down in the post, below the photos.)

And once you own the basic, core engenu concept of folders become pages, what Greg is describing is logical,  and actually quite easy to do.

But I think I a simpler, pared down example of folders becoming pages becoming a web site will help everyone get from here to there.

Suppose I want to build a very simple, single property web site.

I want a page with the property description to be the main entry page.  I want three sub-pages.  One with neighborhood information, one with my bio, and a contact me page.

If I was working in WordPress, I’d log into my WordPress Dashboard, create each each page, set the front page display to the property description page, and activate the Pages widget to display a list of pages in the sidebar, or handcode them into sidebar.php.

To build the same site in engenu, the paradigm shifts to setting up the structure offline first.

I have found it is quick and easy to just create folders with my FTP program.

First I’d create an empty folder named “123 Green Street”.  Yes, that folder could also contain PDFs, and images which will automatically become a slideshow,  but hold that thought for the later.

Then I open the empty “123 Green Street” folder, and create three empty sub-folders inside of it:  “Neighborhood Information”, “About Me” and “Contact Me”.

In the FTP program, I move back up a level, and upload the “123 Green Street” folder to my host/server.  Since the other three folders are nested inside of “123 Green Street”, they get uploaded, too, in one quick zap.

Now I go to mysite.com/engenu and process the whole shebang through engenu.  All four folders became pages, with 123 Green Street set as the Read more

Demoing engenu: Building a web page, building that page into a web site, adding more content to that web site, reconfiguring the site, building a PDF site and repurposing standing content

This is a 38 minute video of me demoing a lot of different engenu functions. I got myself slightly screwed up in the middle, because I expected automatic inheritance to work at the level I was working on. In fact, it only works on folder levels below your current level, whatever that is. So when you make changes affecting the sidebar at the top level, which is what I was doing, you have to go in and make them manually.

I’m doing a lot of stuff in this video, but the way to learn how to use engenu is to use it.

Let me emphasize this: In this video, I spend most of my time talking, but in the course of all that chatter I built maybe 40 web pages, total. If you can build 40 new web pages in 38 minutes while you’re busy talking, good on ya. If not, you should learn how to use this software.

I’m embedding this, also, at Understanding engenu.