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Real Estate Agents on the Internet
This is an excerpt from Internet Marketing in Real Estate, by Barbara Cox, Ph.D. and William Koelzer, CBC, APR, published by Prentice Hall,© 2000. (Available only on RealEstate ABC)                                   

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Tomorrow’s Successful Agents Will Be Web-Proficient Agents

Most top-selling agents still rely on traditional, time-proven forms of promoting themselves—mailings to neighborhood “farms,” print ads, cold calls, door hangers, etc. They devote little time or budget to Internet promotion, except perhaps to purchase a page on Realtor.com or to get a “template” Web site and put its address and that of their e-mail on their business cards.

In a handful of years, however, very few agents will fall into the top-producer category unless they have learned effective marketing on the World Wide Web. Web marketing will soon be an absolute necessity.

According to The Industry Standard magazine (http://www.thestandard.com), in 1994, only 35 percent of public schools were connected to the Internet. In 1998, that figure jumped to 89 percent, with individual classroom connections shooting up from 3 percent to 51 percent during the same period.26 Very soon all schools and classrooms will be connected.

So what? The “so what” is that individuals entering real estate professions now and in years to come see the Internet as an obvious marketing medium. They’ll use the online tools to their best advantage ... and where will you be? Hopefully, you’ll have already mastered the arts of online marketing and established yourself as the top online real estate professional in your area.

The Internet is transforming the relationship between consumers and agents, including the process of selecting an agent. Out-of-area buyers have access to far more information about agents than ever before, and they are now more likely to consider the quality and helpfulness of information provided on an agent’s Web site in their decisions.

Could the tidal wave growth of the Internet as a marketing tool actually threaten the continued sales results of successful agents? Most certainly it does—not just for top producers and not just from new and computer-comfortable agents. Unless agents act swiftly to continue being the primary contact on the Internet for property buyers and sellers, loan, title, escrow and other firms will gladly fill the gap. With huge Web sites and millions to spend on promotion, they will eagerly become a consumer’s first contact in a realty transaction, perhaps even charging agents a fee to gain a customer or hiring agents as employees or subcontractors to handle the more sensitive face-to-face aspects of certain sales.

Can Non-Web-Savvy Agents Survive By Learning This “New Stuff”?

Will tomorrow’s top producers be those who have embraced Web technology and are already “out there” waiting for the property buyers and sellers who are demanding ever-faster advice and transactions? Will tomorrow’s top producers be the real estate professionals with significant “presence” on the Web, those who have “positioned” themselves as Web-wise agents, those who dominate real estate Web marketing for their immediate marketing area?

Of course. What’s the solution for the non-Web-initiated? Learn. Learn, learn, learn. Also, be prepared to allocate an increasing, though highly cost-effective, amount of your promotional or advertising budget toward positioning yourself and getting “found” on the Web—becoming recognized and remembered when it comes time for that homebuyer or homeseller to “get serious.”

Starting in early 1998, huge numbers of agents purchased and/or created a Web page or site and established e-mail accounts. But having is definitely not the same as using effectively, and the sad situation is that most of those agents only have! Countless times in seminars we’ve heard agents say, “Well, I paid for one, but I’ve never seen it” or “Yes, I have e-mail, but I don’t know my address and I can’t check it.” You can be better at Web marketing than most of those other agents who market in your area—and right now it won’t take a lot of doing. The short story: If you’re going to spend the time and money to market yourself on the Web, you might as well use a little of that time to learn how to do it right.

Can you do it? Of course you can do it. In Internet marketing, once you know a few basics, the rest comes quickly. If you apply good marketing principles that you already know, you’re half way there. Reading this book is a good start. Use the checklists and plans in this book to establish and build your effective Internet marketing presence; then follow the e-mail communications models and strategies to become a top Web marketing real estate professional. 

Do it now.

 

Read Excerpts from "Internet Marketing in Real Estate"

Who is using the Internet?
What do People do on the Internet?
Consumers Using the Internet for Real Estate
Real Estate Agents on the Internet

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Read a review of the book by Bob Hunt.  click here.

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Order the book from Amazon.com ($19.33)

 

 

Last modified: December 15, 2005 12:13:14 PM

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