Marketing Trends Affecting Realtor Marketing

Local Marketing Statistics

5 Local Marketing Statistics Affecting Your Business Right Now

You might have heard the saying, “All politics is local.” It has been said so frequently that it’s almost become a cliché – but the thing about clichés is that they always contain a kernel of truth.
When it comes to promoting and growing a small business, you might say that all marketing is local. As search algorithms and analytics become increasingly sophisticated, the potential to track and hyper-target your company’s marketing efforts to the people most likely to frequent your business is huge.
With that in mind, here are five local marketing statistics that are affecting your business right now.

Customers Want to Read Your Emails on Mobile Devices

Mobile Devices
According to SmallBizTrends, 60% of all consumers say that email is their preferred method for receiving information from their favorite companies and brands. That makes email one of the most effective marketing methods around in spite of the fact that it’s not really new or trendy.
On a related note, the number of people opening emails on their mobile devices has increased 180% in the past three years, with close to 40% of all internet users now doing it. In fact, by 2018 the estimates are that 80% of all users will read their emails on mobile devices by 2018.
What that means is that, starting now, you should be optimizing every email you send for mobile users. Nobody wants to have to squint to read your content or scroll horizontally to read a sentence. Local business can benefit from having an email list, but only if they use it in a way that makes sense for their customers.

Customers Prefer Personalized Advertising to Generic Advertising

Personalized Advertising
The next statistic is one that is hardly surprising given the way that digital marketing allows companies to hone in on their target audience’s preferences. 71% of all consumers say that they prefer marketing and advertising that has been tailored to their personal preferences. In other words, personalization is a must.
How can you make this statistic work for you? There are a few things to consider. First, you should take some time to analyze the performance of your current content to get an idea of what’s working and what’s not. Next, conduct a customer survey or two to learn what people want to receive from you. And third, give your customers a way to specify the kind of content they want to receive.
One way to accomplish that last item is to allow your followers to subscribe to targeted emails or newsletters. List segmentation has never been easier, and you’re far more likely to get a high return on your investment if you send emails only to those customers who want to receive them.

Customers Want to Contact You on Social Media for Support

Social Media for Support
If you’ve been resisting the idea of integrating your social media accounts with customer service, it’s time to stop. Research shows that customers both want and expect to be able to receive customer service on social media. In fact, 32% of consumers expect to get a response to a customer service question within 30 minutes of asking, and fully 40% expect a response within an hour.
The key to meeting customer expectations in this regard is to have a dedicated customer service team to monitor your social media comments and messages. Facebook, for example, rewards businesses who respond quickly to comments and messages by displaying a trust icon on their home page.
If you lack the resources to have 24-hour customer service on social media, then you might consider posting customer service hours and information so people who message you know what to expect. That way, they’ll have a realistic idea of when you’ll be getting back to them.

Online Reviews Are the Key to Engaging Millennials

Online Reviews
How much time and attention do you give to your online reviews and testimonials? If you’re not prioritizing them, then you’re missing out in a big way when it comes to engaging and attracting Millennials.
An AdWeek study from 2014 found that 93% of all Millennials rely on online consumer reviews, both from their social media contacts and from strangers, when they make purchasing decisions. Here’s what you can do to make sure that your reviews are helping and not hurting:

  • Claim your profile on all crowd review sites, including Yelp, Angie’s List, and Google My Business.
  • Respond to positive and negative reviews. Remember, every negative review represents an opportunity to demonstrate that you care about your customers.
  • Do what you can to encourage customers to leave reviews. For example, you can link to your business on crowd review sites or post excerpts and links to positive reviews on your site.

The more active and engaged you are with the people who review your business, the better off you’ll be.

Audience Relevance and Effective Storytelling Drive Engagement

Audience Relevance and Effective Storytelling Drive Engagement
The two things that are most likely to get people to click on a piece of content that you create or curate are relevance (58%) and effective storytelling (57%).
This statistic is hardly surprising, but a lot of local businesses forget about it when it comes to creating content. The content you post needs to be specifically geared to your target audience’s interests and concerns. It doesn’t have to be about your product or service per se, but it should be aimed at the things that drive people to buy from you.
Storytelling has always been an effective means of communication. If you can find a way to turn relevant content into a story, you’ll get far higher engagement (and ROI) than you would otherwise.

Social Media Is Catching up with Search Engines

Social Media Is Catching up with Search Engines
In 2016, millions of people turned to social media sites like Facebook and Twitter when they wanted information.
You’re probably already using social media as part of your marketing strategy, but you may not realize just how important and influential it has become. The majority of consumers expect to be able to find and follow their favorite brands on social media.
You can increase your engagement by doing things like including images in your ads (more than 75% of an ad’s influence on Facebook is determined by the images used) and adding captioning to your videos since many users watch videos with the sound off.
These statistics point to ways that local businesses can increase their influence and maximize the return on their marketing investment in the coming year.
Ways to Stand Out from Your Competitors

7 Ways to Stand Out from Your Competitors in 2017

There’s no denying that the competition is fierce in the world of online marketing. There are millions of websites and advertisers vying for the attention of consumers, and at times, it can feel impossible. How do you make yourself heard when you’re just one voice in a crowd that covers the whole planet?
Fortunately, there are some things you can do to differentiate yourself from the competition and make sure that your voice is the one that stands out.

Find Your Voice

Find Your Voice
One of the reasons that content can fade into the background is that it sounds the same as everything else. If your content mimics other influencers in your industry, then it might be impossible for your followers to distinguish you from your competitors.
Instead of being bland, try being different. What kind of tone can you use that will engage your followers and set you apart from the other people in your niche? If your customers are mostly Millennials, consider adopting a casual tone that uses slang and conversational language.
Even if you’re in a conservative industry, you can find a way to be different. Think about who your customers are and what tone they are most likely to respond to, and then use it consistently in all of your communication and advertising.

Be Controversial

Be Controversial
It can be difficult to take a chance and say something that people might disagree with – but it can also be an opportunity to draw attention to yourself.
Is there a big trend in your industry that you disagree with? Do you like challenging conventional wisdom? Look for some things that are relevant to your audience and then try to shake their perceptions by offering an opposing or surprising view on it. You might even consider playing devil’s advocate to get attention.
If all you ever do is follow along with the crowd, the chances are good that you’ll fade into it. On the other hand, the person who dares to be different is likely to be the one who gets noticed.

Do What Your Competitors Don’t Do

Competitors
Are you following your competitors on social media and checking out their websites and blogs on a regular basis? If you’re not, you should be.
It doesn’t matter how many competitors you have. The chances are excellent that they are all missing something – something that you can provide to your customers as a way of differentiating yourself.
The only way to know what they’re missing is to examine what they’re doing and how they’re doing it. Then identify the holes in what they’re offering and step in to fill them.
This doesn’t mean that you have to offer a product that nobody else offers. What it does mean, though, is that you have to understand your customers and what they need. If the majority of your competitors offer content with a formal tone, you might be able to offer your followers a friendlier alternative.

Have a Social Mission

Have a Social Mission
When it comes to engaging Millennials, having a social mission can really help set you apart from your competitors. Young people want the brands they follow to care about the world and make a difference.
There are a few ways you can incorporate this suggestion into your marketing. For example, you might:

  • Pair up with a local charity to host an event, then create an event page on Facebook and share information about it with your followers.
  • Create a product that ties into a particular charity or cause, such as the breast cancer awareness pink ribbons that flood the marketplace every October.
  • Donate a percentage of your profits to a cause that resonates with your customers. For example, if you sell clothing you might decide to donate money (or clothing for that matter) to a local homeless shelter.

This type of outreach can cement customers’ view of you as a company that cares about something beyond profit – and that can help you turn people into brand ambassadors.

Use Micro-Influencers

Use Micro-Influencers
As social media algorithms systematically destroy organic reach, companies are looking for ways to make sure that their content gets seen by their target audience. One effective way to do that is to connect with micro-influencers and get them to share your content.
A micro-influencer is anybody who has authority or reach with your customers. They don’t have to be in your industry to be an effective influencer. For example, if you know that the majority of your customers are interested in a particular athlete, you might be able to get that person to share your content for a price.
Attracting big-time celebrity influencers can be costly, so instead, focus on people who have a following but aren’t likely to charge an arm and a leg to share your content. If the things you share also happen to be relevant to their fans, then they’re probably a good match for you and you can leverage their popularity into increased reach for your content.

Use Humor to Connect with Your Followers

Use Humor to Connect with Your Followers
We all love to have a good laugh, and your customers are just as likely to be influenced by humor as anybody else. The mistake that a lot of marketers make is treating their content with kid gloves, assuming that it has to be serious to have an impact.
If you loosen up a bit, you can surprise your followers and get them to think about you in a new way. You can even be a little irreverent if it fits your brand. One good example of the use of humor in marketing comes from the company Hello Flo.
They sell female hygiene products, and they made a huge splash a couple of years ago with two humorous videos highlighting their products: Camp Gyno and First Moon Party. The latter got over 38 million views on YouTube because it made people laugh.

Embrace New Technology

Embrace New Technology
In some industries, marketers can be slow to use new technology as it is released. Companies who were quick to embrace mobile marketing, for example, have a leg up on companies who are just catching up now.
It can be tricky to catch trends before they become popular, but don’t be afraid to experiment. If you’re not using things like live video or geofencing, now is the time to try something new – particularly if your competitors aren’t doing so.
You don’t have to jump on every new marketing tool that comes out, but it’s a good idea to add new things to your marketing mix and find ways to shake things up. If something doesn’t work, you can ditch it and move on to the next thing – but at least you’ll have tried. And if what you try ends up catching on, you’ll be one step ahead of your competitors.
The key with all of these techniques is to remember that you have things to offer that your competitors don’t. Use these methods to make sure that your target audience sees how special you are—and the results (and profits) will follow.
Killer Marketing Trends

8 Killer Marketing Trends to Grow Your Small Business in 2017

The New Year is fast approaching and it’s a good time to look ahead to 2017 and think about what your marketing strategy will be. Digital marketing is running neck and neck with traditional advertising in terms of spending, and for many small business owners, it makes sense to allocate the lion’s share of their marketing budget to online strategies.
With that in mind, here are 10 killer marketing trends to embrace in 2017.

#1: Live Video

Live Video
Live video had a big year in 2016, and that trend is expected to continue in 2017. Facebook Live attracted celebrities, advertisers, and even individuals with its immediacy.
The key to using live video effectively is to plan ahead and have a strategy for using it. Not every topic or situation lends itself to live video, but some that due include:

  • Live Q & A sessions where you answer questions from the comment section
  • Demonstrations of new products (or unboxing new products)
  • Behind-the-scenes tours of your business or production facility
  • Coverage of live events

If you want to use live video, come up with a schedule and budget (it doesn’t have to be expensive) and then make sure your followers know when to expect you.

#2: Mobile Everything

Mobile Everything
2015 was the first year that mobile searches outstripped desktop searches, and research shows that 65% of all online user engagement in 2016 was on mobile devices.
What does that mean in terms of marketing? It means that your website and all of the content on it should be optimized for mobile users. You should also consider implementing mobile buying buttons, mobile payments, and creating a mobile app to engage your customers. Even small things, such as using Facebook’s “Call Now” button for your mobile ads, can make a significant difference when it comes to the ROI on your mobile ads.

#3: Influencer Marketing

Influencer Marketing
One of the most frustrating things for content marketers who use social media is the increasingly-sophisticated algorithms that prevent many of their followers from seeing their content – unless they pay to boost it.
If you’re looking for a way to get around that issue without paying Facebook or Twitter – the people who are, after all, causing the problem in the first place – you might want to consider influencer marketing. Regardless of what niche you’re in, you can contract with authorities, celebrities, and people with large social followings that overlap your target audience. Get them to mention your company or products to their followers, and reach hundreds or even thousands of new users for (potentially) only a fraction of what you might pay to run an ad or boost a post.

#4: Data-Driven Marketing

Data-Driven Marketing
As marketing grows increasingly sophisticated, it’s not surprising that marketers at every level are digging deep into customer research to obtain information to help them fine-tune their marketing campaigns.
Some of the things you can do to mine data include reviewing traditional analytics and conducting customer surveys. The information you gather can help you to personalize your marketing and increase your engagement.

#5: Geo-targeting

Geo-targeting
Local marketing has always been important, but mobile technology makes it easier than ever to reach your customers where they are – and when they are most likely to need your products or services.
If you want to engage in hyper-local marketing, you should:

  • Verify your NAP listings
  • Make yourself known by appearing at local events
  • Use social media targeting to reach people in your immediate area
  • Consider using geofencing to reach mobile customers when they’re near your store

These tactics can help you increase foot traffic and build a loyal following.

#6: Permission Marketing

Permission Marketing
Research shows that millions of internet users – perhaps as many as 26% — use ad blocking software when they surf the internet. That means that marketers have a potential problem unless they can find a way to reach those people.
Content marketing is a big part of the solution since it’s not likely to be blocked. However, organic reach is down too.
One solution may be to target consumers with advertising that they have agreed in advance to receive. For example, podcasts, webcasts, live video, and newsletters are all ways that you can reach out to customers who are willing to look at ads in return for valuable and relevant content.

#7: Email Marketing

Email Marketing
It might surprise you to see email marketing on this list since this type of marketing is hardly new. However, it is still one of the best and most reliable ways to reach out to your target audience and engage them.
The key to using email marketing effectively is not to send a series of sales pitches. Nobody who subscribes to your list will stay subscribed for long if all you do is try to sell them something. Instead, focus on delivering interesting, relevant, and actionable content. If you do that, people will look forward to receiving your emails – and they’ll be receptive when you do make a sales pitch.

#8: Beacon Technology

Beacon Technology
This last trend relates to mobile users and local marketing, but it deserve its own place on this list because it has the potential to revolutionize marketing going forward.
Beacon technology is software that use Bluetooth technology to home in on mobile devices in stores and then use that connection to analyze shopper behavior. Eventually, proponents of the technology imagine that it can be used to send hyper-personalized content to mobile users while they are shopping. It may also be able to help business owners optimize the layout of their stores and the customer experience to increase sales and build loyalty.
Of course, you can also expect that social media marketing will continue to be important in 2017. The key to maximizing the ROI on your marketing campaigns is to analyze the performance of your current marketing, continue with what works, and incorporate new trends as they make sense for your business. If you do that, 2017 can be your best year yet.
Navigating the Generation Gap

Navigating the Generation Gap with Social Media Marketing

You’re probably using social media to reach your customers online, but are you being smart about it? The truth is that not all social media users are created equal. The social media sites you use – and how you use them – can have a huge impact on the ROI (and profits) you see as a result.
In fact…
There are big differences in the ways that people use social media, and many of those differences are generational. It turns out that when it comes to using social media effectively, age matters.

Social Media by the Numbers

Social Media by the Numbers
Let’s start by looking at some demographic information for the most popular social media platforms. What you’ll notice is that the age of your customers dictates, in large part, where you’ll be able to reach them. All statistics come from the Pew Research Center.

  • Nearly eight in ten American adults use Facebook, and it is by far the largest social media site. While users cover a wide range of ages, the highest percentages are in the 18-29 range, with 88%. The numbers decreased with age, but a still-impressive 62% of adults over the age of 65 use Facebook.
  • 32% of all online adults, and 28% of Americans, use Instagram. Here, the demographics skew much younger than Facebook. In fact, 59% of Instagram users are under the age of 30.
  • Pinterest is nearly as popular as Instagram, with 31% of all adults using the site. However, here the demographics skew heavily female, and are evenly spaced among all age groups. Pinterest users also tend to be more affluent than users of other social media sites.
  • 87% of Millennials and 85% of Baby Boomers have a Facebook account.
  • The two social media sites with the highest daily engagement are Facebook with 76%, and Instagram with 51%.

The social media sites you choose for your business should be dictated by who your customers are. If you hope to engage with Millennials and Generation Z, Instagram is the clear winner. For older women, Pinterest is a must.

Choosing Content to Appeal to Your Target Customers

Choosing Content to Appeal to Your Target Customers
The type of content you share is just as important as where you share it. In fact, picking the right format and sources can make a huge difference in terms of your engagement.
Generation Z
Let’s start with the youngest generation, Generation Z. As stated previously, their preferred social media site is Instagram, and the Pew Research Center points out that their average attention span is a mere eight seconds. That means that they’re far more likely to respond to visual content than written content.
Some other things to keep in mind about Generation Z are:

  • They prefer real people rather than celebrities or actors in their content.
  • They’re quick to embrace new technology, such as VR (virtual reality).
  • They enjoy creating content as much, if not more than, consuming it.

If you want to connect with Generation Z, try encouraging them to share their photographs on Instagram or Facebook, and feature people they’ll relate to.

Millennials

Millennials are a huge generation with a tremendous amount of purchasing power. Marketing to them represents a challenge, but here are some things you should know.

  • Facebook is their top social media site.
  • The number one thing Millennials crave in marketing is authenticity.
  • As a rule, Millennials place a huge amount of importance on peer reviews and influence. Connecting with micro-influencers can be a very effective way of reaching Millennials.

Social involvement matters to Millennials, so if you can find a way to link your business to a cause it can help you connect with them.

Generation X

Generation X shares some similarities with Millennials, and but they tend to be a bit harder to pin down when it comes to their content preferences. Here are some tips to help you connect with Generation X:

  • Members of Generation X are less likely to access the web on mobile devices than Generation Z or Millennials.
  • Their preferred form of online content is blog posts, followed by images, comments, eBooks, and case studies.
  • They are most likely to be online during business hours and between 8:00 pm and midnight.

They are far more likely to use Facebook than any other social media site. If you offer a product or service for sale, then you may want to consider developing a few case studies and sharing them on your blog and Facebook if you want to engage Generation Xers.

Baby Boomers

Baby Boomers might have lagged behind later generations when it comes to adopting technology, but they’ve caught up now. Most baby boomers own mobile devices and use the internet in some capacity. Here are some things to keep in mind as you market to Baby Boomers:

  • Facebook is by far their most preferred social media site.
  • Baby Boomers research companies online, but they’re less likely to want to engage with them online and more likely simply to review basic information before calling or visiting you in person.
  • Many Baby Boomers are strongly driven by savings, and are likely to respond to coupons, sales, and other value-based marketing.
  • Baby Boomers tend to be highly loyal customers. Once they try a brand and like it, they will stick with it through thick and thin. As a result, they can make excellent brand ambassadors.

If you want to reach Baby Boomers, make sure that basic information about your business is easily accessible on your website, social media pages, and local directories. It’s also a good idea to reach out to them with special sales and bargains as a way of emphasizing that you value their business. They’ll reward you with intense loyalty.
As you can see, there are some significant differences between generations when it comes to marketing. If you take the time to learn about your customers and tailor your content to their preferences, you’ll be able to maximize your engagement – and grow your business.
To App or Not to App

The 7 Deadly Sins of Local Marketing

When it comes to marketing, are you a sinner or a saint? Many local business owners handle their own marketing in an effort to save money. While the internet certainly makes it easy for people without a ton of experience to market their companies, a lack of knowledge can lead to mistakes that can have a significant impact on the return you get on your marketing investment.
With that in mind, let’s take a look at the seven deadly sins of local marketing, and what you can do to avoid them.

Sin #1: Your website doesn’t list your phone number and email address on your home page

website
This first sin might seem like a no-brainer, but you’d be amazed by how many companies make this mistake. You need to make it easy for people to contact you. They shouldn’t have to search your website for your contact information.
Put it front and center, and you will greatly increase the chances that the people who land on your site will reach out to you for more information if they need it. If you skip this step, you may end up losing visitors as a result.

Sin #2: You’re putting all your marketing eggs in one basket

marketing eggs
Marketing can be a lot of work, especially if you have to keep up with multiple ads and services. However, a lot of small business owners make the mistake of sticking to one, relatively easy marketing technique and using it exclusively. For example, they may build up a following on Facebook and think they can get away with not using any other marketing methods.
Why is this a sin? Well, what happens if your audience leaves Facebook? It might seem unlikely that such a thing would happen, but it’s possible. Trends come and go. Websites that were popular yesterday are nonexistent today. You need to be thinking ahead and doing what you can to get the word out in more than one way.
That doesn’t mean you have to spend all your time marketing, but it does mean that you need to diversify. In the example, I just gave, the person who’s using Facebook might decide to start a blog, build an email list, or even try to get an ad up on Google by bidding on a local keyword.

Sin #3: You haven’t claimed your social media pages

social media pages
You don’t have to be active on every social media site out there – in fact, we’ll talk about that in a minute. What you do need to do, though, is to take a few minutes to claim your business name on all relevant sites and put up some basic information about your business. If a potential customer looks for you on Instagram, you want them to find accurate information including your address, telephone number, email contact information, and business hours. If you don’t claim your business, your leads could be looking at a page run by a stranger, someone who doesn’t have your best interests in mind.

Sin #4: You are overusing – or underusing – social media

overusing – or underusing – social media
There is no denying that social media is an important marketing tool for every local business. However, there’s a right way and a wrong way to use it. Sometimes business owners tell themselves that they don’t need social media. That’s a mistake because even your most loyal customers may like to have the opportunity to follow you on Facebook or Twitter.
On the flip side, some companies make the mistake of thinking that they need to be active on every social media site. The problem with this approach is that some social media sites are going to be more relevant to your business than others. For example, a company whose products cater almost exclusively to young men can probably afford not to be active on a site like Pinterest, whose users are mostly women.
A good rule of thumb is to find out where your customers are, either by creating a customer profile or polling your customers, and be active on the sites where they are most likely to spend their time. On the other sites, you can simply claim your page as mentioned above.

Sin #5: You’re not managing your reviews

managing your reviews
Online reviews are hugely important for local businesses. Sites like Yelp, Angie’s List, and Google make it easy for people who frequent your business to post reviews of it. Research shows that over 80% of all consumers rely on online reviews prior to making a purchase, yet many local business owners don’t do everything they can to ensure that their reviews are helping them.
The first thing you need to do is claim your business listing on all local review sites. Customers can leave reviews even if a business hasn’t created a listing, so if you haven’t checked, you may be surprised to see how many reviews you have. You should check your existing profile to make sure all relevant information, including your contact information, hours, and prices, are correct.
The second thing to do is come up with a system for responding to reviews. It’s a good idea to monitor your accounts. You can reply to positive reviews with a simple thank you, but negative reviews require a bit more finesse. The most successful responses are those that remain positive. Try to take the conversation offline if you can, and do whatever you need to do to resolve the situation.

Sin #6: You’re not staying true to your brand

staying true to your brand
Everything you do online reflects on your brand. If you have more than one person posting on your behalf, whether it’s on your blog, website, or social media, you need to have a clearly-defined strategy that ensures that everything related to your company reflects your brand. That means that your colors and fonts should reflect your logo. However, it also means that the tone of what you post needs to be true to your brand’s personality.
Creating a customer profile can help identify your core customers, and you can tailor your brand to them. Look at some big companies such as Red Bull and Rolls Royce to get an idea of what I mean by tone. Red Bull uses brash, hip language that reflects their brand and audience; while Rolls Royce uses elevated language that speaks to their core customers.

Sin #7: You’re not monitoring your company name

monitoring your company name
Your online reputation consists of more than the things that you post for your company. You also have to keep in mind things like reviews, social media mentions, and more. Many local business owners think that if they control the content they release, they’re doing everything they can to maintain a stellar reputation. That’s simply not true.
An easy fix for this solution is to use monitoring software like Trackur to keep an eye on what people are saying about your company. Positive statements and comments may not require much response, although it’s not a bad idea to chime in when you can. Negative statements and comments give you an opportunity to set the record straight. The bigger effort you make to track mentions of your company, the more likely it is that your reputation will be an accurate reflection of you and your brand.
These seven sins are not the only mistakes made by local companies when it comes to marketing, but they are potentially the most harmful. Fortunately, they are all easy to rectify. If you recognize any of these mistakes from your own marketing efforts, take the simple steps necessary to fix them – and be a marketing saint, not a sinner.

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