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How to Write and Design a Great Email Campaign

So far in my series about emarketing, Email Marketing: Have We Killed the Golden Goose - Part I,  Part II - Improving Your Open Rate, The Four Letter" Words of emarketing - 200 Triggers that Flag SPAM Blockers & Stop You at the Gate, I brought up the following points:

  1. Email marketing is losing its effectiveness because we are sending out irrelevant and unwanted content
  2. We are not applying a "Best Practices" strategy to our efforts
  3. Our emails are too broad and need to be more targeted using segmentation, targeting, and personalization
  4. Our mailing lists may appear to be large databases of potential revenue, but they are often filled with inactive or old "e-dresses"
  5. Many are relying on emarketing as their sole source of creating leads, driving traffic, or building sales
The next hurdle in emarketing is crafting emails that get opened.

Years ago, relatively all emails were opened because the average person didn't have the capabilities to create professional emails and broadcast them; emarketing was chiefly handled by marketing firms and agencies who created an HTML based email with pretty pictures and a well-thought out message that was highly targeted and sent out on behalf of companies with deep pockets and big marketing budgets.  Today, with $20 a month email provider services (ESP) and That You See is What You Get (WYSIWYG)creative tools that anyone can do, emailing has exploded.  Now a 20% open rate is considered a good open rate and a 30% open rate is considered great.

A few days ago I opted-out from a well-known real estate email flyer service.  I might not have opted-out if the emails I was receiving on a daily basis had been of interest to me, but no one from the email provider service ever asked me about what types of properties would be of most interest to me.  Unable to deal with the high volume of irrelevant material clogging my in box, I opted out.

The few flyers I did look at were flyers that had something in the subject line that told me I would be interested in looking at the content of the email.  There's your cue to the first step in creating an email that gets opened: write a subject line that invites the reader to open the mail.

Write your subject line geared to the following strategies:
  • Keep the subject line UNDER 40 characters (My title above is 38)
  • Tell them what's in it for them
  • Open with a benefit or spike their curiosity
  • Create a sense of urgency
  • Personalize it
  • Avoid using "Reminder", "Percentage Off" or "Help" in the subject line
  • Splashy or cheesy phrases will cause your email to go ignored

BE SURE TO SEND YOUR EMAIL FROM A RECOGNIZABLE EMAIL ADDRESS THAT INCLUDES YOUR COMPANY'S NAME

Rule number one: make certain that the content matches your headline.  People DO NOT like being tricked into opening an email with a misleading title. 

Here's a few other tips:

  • Write the content to be relevant and targeted to a segment of your database
  • Make certain that within 3 seconds of opening your email they know what it is about and why they have received it
  • Don't confuse the reader!  Give them ONE message, and only ONE message. 
  • Write your message over and over until is crystal clear.  Have someone else read it to make certain that what you wrote is what you want to say.  Make sure they understand it. If you can't boil your message down to a simple message, don't send it.  The message will be lost and your efforts will be wasted.
  • Use clickable graphics (preferably at the top so it is easy to click on)
  • Use short sentences to make it easy to read.
  • Limit your email copy to 4 to 6 paragraphs, and please, please follow the rules of grammar and punctuation
  • While you may think the email is about you and your company, it's not. It's about the reader.  Keep that in mind when crafting your email. Great email marketing needs to focus on the benefits to the prospect/customer.
  • Provide content that is not available on your web site
  • When presenting an offer, present an offer that is not available on your web site (If they can see your offers on your web, why bother opening your emails?)
  • Make the value to the reader clear
  • Provide compelling benefits
  • Create urgency through limited time offers
  • Watch the calendar when using date-relevant promotions; give people time to act
  • Don't use long copy or sell directly in the email
  • Have a clear call to action; reward the reader if they act by a certain date, one of the first 10 people, etc. 
  • Use links to drive traffic to your site; separate the links so that they appear on a line by themselves.  Deisgn some white space around them so that they stand out.  Put one link midway and another near the bottom so that as they scroll through your email they will always have something in eye range to click on.
  • Remember to craft your email to target specific segments of your database
  • Do not send more than one or two emails a week
Monitor how you're doing by using your ESP to track the number of:
  1. Opens (20% = Good, 30%+ = Great)
  2. Clicks (2% = Good, 4%+ = Great)
  3. Forwards
  4. Bounces
  5. Complaints
  6. Unsubscribes

 

 Good luck with your email campaigns, and happy marketing!

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6 commentsDeborah Fisher • July 27 2008 06:45PM

The "Four-Letter" Words of Email Marketing - 200 Triggers that Flag the SPAM Blockers & STOP You at the Gate

 

I have been blogging recently about how Realtors and builders are not getting the results that they once enjoyed from their emarketing efforts.  See the posts Email Marketing: Have we Killed the Golden Goose Part I & Part II - Improving Your Open Rate. 

To recap, fewer emarketing messages are getting opened by consumers.  Many are bouncing either because the "e-address" is no longer valid, the mailbox is over quota, or the subscriber’s account has been suspended by the provider due to lack of use, but the biggest challenge facing marketers today is getting past the spam blockers. 

In the previous posts I made some recommendations to help you get your mail opened by creating credibility with your list of subscribers, such as using an opt-in system, segmenting your database, and targeting those segments with content relevant to the subscriber.  When I use segmentation to target my database, people are more likely to let me know that they have made a change since they are interested in receiving relevant material from us. 

 

How to Get your Offer or Message Past the Spam Blockers

 

Some SPAM filters use a point-based system to flag key words in your email.  As you use certain words or punctuation or symbols, the points add up, and even though your subscriber may want to receive your message or offer, by innocently tripping the spam filters you will get a false positive and your email may be blocked. 

Below is a list of words and symbols that you should not use in either the body or title of your email.  I recommend that you use a SPAM CHECKER, prior to sending your email to see your score.  Also, set up a couple of email accounts for yourself with yahoo, aol, hotmail, etc. (do not put them into your address book) and send a test message to yourself to see if it gets past the gate. 

How many of these you have inadvertently been using in your emails? 

As I continue to compile the list, I'll post an update when the additions merit a revision.  If you know of any additional words or phrases that we are likely to use in the real estate, mortgage and home building industries, please let me know and I will add them to the list.

 

This is a list of almost 200 words or phrases that SPAM TRIGGERS that are often used in email marketing.

 

% symbols

$ symbols (such as Save $, Make $, $xxx,xxxx)

1-800

1-888

Accept credit cards

Accept credit cards

Acceptance

Accordingly

Act now! Don't hesitate!

Ad (Contains word)

Additional income

Addresses on CD

All New

Amazing

Apply now

Apply Online

As seen on

Auto email removal

Avoid bankruptcy

Be amazed

be considered spam

Be your own boss

Being a member

Below is the result of your feedback form

Big bucks

Billing address

Billion dollars

Bonus

Bulk email

Buy (direct, recommendation)

Buying judgments

Call (free, now)

Calling creditors

Can't live without

Cannot be combined with any other offer

Cash (bonus, in on)

Cents on the dollar

Certified

Check or money order

Claims not to be selling anything

Claims to be in accordance with some spam law

Claims to be legal

Claims you are a winner

Claims you registered with some kind of partner

Click (below, here)

click here (for removal, to be removed,)

Compare rates

Compete for your business

Confidentiality assured

Congratulations

Consolidate debt and credit

Credit bureaus

Credit Card (#, offers)

Custom quote

Dear (email , friend,home owner, fellow entrepreneur, somebody)

Deleted from further communication

Different reply to address than the sending email address

Direct (email. Marketing)

Discount

Discusses search engine listings

Do it today

Don't delete

Double your income

Drastically reduced

Earn (extra cash, per week)

Easy terms

Eliminate (bad credit, debt)

Email marketing

Excluded from our mailing

Extra income

Fantastic deal

Fast cash


Featured on tv

Financial freedom

Financially independent


Find out anything

For (free, instant access, just "some amount", instant removal)

Free (access, debt, call, consultation,cruise, gift, info, investment, leads, membership, offer, preview, quote, trial, sample) Free money, 

Full refund

Future (mailing, promotion)

Get (out of debt, started now, your free sample)

Gift certificate

Great Offer (or Deal)

Guarantee, Guaranteed

Have you been turned down?

Hidden assets

In accordance with laws

Income from home

Increase (sales, traffic) 

Increase your revenue

Incredible deal

Info (or information) you requested

Insurance

Internet market

Investment decision

It's effective

Join millions of Americans

Joke of the day

Limited time only

Lower (interest rates, monthly payment)

Lowest price

Marketing solutions

Mass email

Message (contains disclaimer)

Message has reached you in error

Message is being sent in full compliance (or any variation of this)

MLM

Money (back, making)

Month trial offer

More Internet traffic

Mortgage rates

Multi level marketing

Name brand

New customers only

No (catch, cost, credit check, disappointment, experience, fees, gimmick )

No (inventory, investment, middleman, obligation, questions asked, strings)

Not intended

Off shore

Offer expires

Offers (coupon, extra cash)

Once in lifetime

One hundred percent (free, guaranteed)

One time (mailing, message)

Online (marketing, promotion)

Opportunity

Opt in

Order (now, status)

Outstanding values

Pennies a day

Please read

Please respond

Potential earnings

Print out and fax

Prizes

Produced and sent out

Profits

Promise you

Pure profit

Reached you in error


Real thing

Receive this message (or any variation)


Received this email (in error, by mistake, etc.)


Receiving this (special offer, email because, message)


Refinance home

Remove, removed or removal (phrases that contain the word remove: to be removed from our list me, request, you @, from, or any variation)


Requires initial investment

Reserves the right

Respond

Risk free

Round the world

Satisfaction guaranteed

Save  ($, big money, up to)

See for yourself

Sent in compliance

Serious (cash, only)

Shopping spree

Sign up free today

Social security number

Special (offer, promotion)

Statement

Strong buy

Subject to credit

Subscribe

Take action now

Talks about hidden charges

Talks about prizes

Tells you it's an ad

Terms and conditions

The best rates

The following form

This message is not spam ( or junk, or any variation of that phrase)

This message is sent in compliance
(or any variation)

To be deleted from our database


Unlimited

Unsecured credit/debt

Urgent (Information you requested, Important information regarding)

US dollars

Vacation offers

Visit our website

Wants credit card

We hate spam

We honor all

Weekend getaway

What are you waiting for?

Why pay more?

Will not believe your eyes

Winner

Winning

You have been selected

Your income

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23 commentsDeborah Fisher • July 26 2008 09:35PM

Is there a 1-800-HELP for Technology Addiction?

deserted islandFor the second day I have come into the office to discover that the Internet is down.  This is serious.  I feel like I am on a deserted island and living my worst nightmare.  Sure, I have my trusty Blackberry Curve, but it's just not the same thing!   A mobile browser is okay in a pinch . . . but honestly, on a mobi-web browser you can't open 117 tabs all at once to make your lunch reservations, monitor the market, read the blogs, comparison shop for that fabulous new pair of shoes you want . . .

After yesterday's taxing day of isolation virtually incommunicado I even had dreams last night about someone stealing my car with both of my laptops on the back seat.  In fact, I think that's why I have a headache this morning. 

It would be bad enough losing my beloved Bimmer, but having someone abscond with my laptops?  Are you kidding?  Just call the men in white coats for me if that happens!  I use both a Macbook Pro and a small Windows based laptop at the same time, and both are jazzed out with lots of really great toys and sguy in bathroom on laptopoftware.   They sound like a concert hall and have incredible HD graphics and you really need to see the great things that they can do. 

I run my laptops side by side and they are both wirelessly connected to the Internet.  All day long I work back and forth between them and I don't go anywhere without those laptops.  Seriously, if the boat were sinking I would put the life jacket on my laptops first.  

My love affair with technology goes way back.  When I put together my first computer, I only knew one other person that had a home computer, and that was because computers were his profession.  The monitor was the size of a bread truck but the screen was the size of a fish bowl, and in one color.   I can't tell you how thrilled I nerd with computerswas when I upgraded from one 5 ¼" floppy disc drive to two.  Whoo hoo!  I think I threw a keg party.

I think I may be one of the first people to have had a home theater.  Back in the day when the first big screen televisions came out, I was all over it.  I am almost embarrassed to tell you how much I paid for that giant box of chips and black plastic with its beautiful 42" jumbo screen.  Then I bought something incredible to go along with the big screen:  a macdaddy Bose surround sound system that brought the theater into my home. 

At the same time I saw what I knew had to be the next great thing: plastic discs the size of LP records with movies and music videos of concerts.  They were called laser discs and they were recorded on both sides.  The machine that played them was about 10" high by 22" square and the technology to rotate the laser beam to side B was not yet developed, so we used "rock, paper, scissors" to see who would get up and flip the disc so we could continue watching the movie.  (Children make wonderful little gophers.)  The video and audio on the laser discs were unlike anything we had ever seen.   The technology for laser discs was so new that it was hard getting the discs and we were on a list to receive new laser discs as they were released.

When CDs came out, you can bet I was all over that, and imagine my delight when, a couple of years later,  I bought my first portable CD player.  When satellite dishes went to 18", I was one of the first to jump on board.  How liberating to never be held hostage by the cable company ever again.  No more outages.  No more waiting days for service.  Sixty-four channels of crystal clear video.  That may have been one of the happiest days in my life.Satellite

Then it was the digital camera.  I bought a Sony for an ungodly sum and used it to take pictures when I was doing market studies so that I didn't have to wait around for photo processing.  Time management at its best.  The pictures were saved to a 3 1/2" floppy disk and you had to tote a box of floppy discs with you if you were going to take a lot of pictures.  I could fill six or seven disks on one market study.   

My first mobile phone took up half of the trunk space in my car.  If you were away from the car, the horn would blow when the phone rang to let you know.  We did not even have caller ID back then and it was fairly pricey to have service, not to mention spotty service, but it was the cost of doing business.  I think the first truly mobile one I had weighed about eight pounds.  It was a Motorola Bag phone and was about the size of a man's shoebox.  About ten years ago I went cellular exclusively. 

You can imagine how much I love my satellite radios.  One in each car, one in my bedroom, one at my desk, and I have a mini one the size of an iPod that allows me to listen to commercial-free radio between the house and the car. 

My house has structured wiring, which is really great.  There is a hub that feeds distributed audio and video from your choice of technology (satelitte, DVD, VCR, security camera, etc.) to every room in the house.  Each piece of equipment has its own channel.  Door bell rings, I turn to channel 87 and see who it is.  Great when you're in the shower.  You can go to any room and have your choice of watching any of the media by simply turning to a different channel on the monitor.

Contact SupportClearly I have a serious addiction to technology and need help.  They say that the first step to recovery is admitting you have a problem.  Is there a group for this?  When the Internet comes back up I think I'll go on-line and see where they hold their meetings. 

In the meantime, I'm heading up to the mobile phone store to get a couple of laptopthose wireless pc cards so that I get back on the Internet and have it on the go in the car.   While I'm there I'm going to pick up Lojack for my computers.  Wonder what they have in that's new?

Hello, my name is Deborah and I am addicted to technology.

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6 commentsDeborah Fisher • July 25 2008 07:03PM

Email Marketing: Have We Killed the Golden Goose? - Part II - Improving Your Open Rate

In my previous blog post  "Email Marketing: Have We Killed the Golden Goose? Part I" I stated that I believe we have been using email marketing recklessly and as a result, consumers are ignoring their in-boxes because of the amount of irrelevant mail they have to endure.  I presented some strategies for you to use to get past the gatekeepers and hopefully that post has made you rethink your approach to emarketing.

One thing I'd like to point out here: relying solely on emarketing will likely not produce the results you desire.  Augment your emarketing with a matching well-designed direct mail piece targeted to the same audience. It has been my experience that when I augment an ecampaign with a secondary means of communication, such as a postcard, a personalized letter, etc., results improve.

To improve the chances of keeping your database of "edresses" up-to-date and on your subscriber list, instead of blasting everyone on your list so that they get fed up with non-relevant material overflowing their inbox, try the direct marketing approach of segmenting, targeting, and personalizing your list to deliver the right message to the right people. 

  • Segmentation identifies groups or segments within a group so that the marketer can develop value propositions to the specific need of each segment of people.
  • Targeting is delivering the appropriate value proposition to the segment of your database that would find the content most relevant.
  • Personalizing is simply tailoring the email to the individual in various places on the email.

Example:  You have 1,000 prospects in your database.  Let's say you list two homes on the same day.  One is a two-bedroom with a minimal yard.  The second home is a four bedroom with a big yard.  Your database shows that you have 300 people looking for a two bedroom (Segment A), and 500 people looking for a four bedroom (Segment B) and 100 people looking for a small yard (Segment C).  You could email Segments A & C information about the two-bedroom home and email Segment B something about the four bedroom home.  For Segment A, tailor your piece to highlight the two bedrooms to make the offer relevant to them.   Segment C, highlight the small yard.  Got it? 

The one thing I do like about emarketing is that I can create a promotion or offer and send it out the appropriate segment to test it before I spend any money on a direct mail piece.   I can also provide them with a hyperlink back to my site with further details about the promotion or to learn more about my product or services. 

I know that this is dry stuff, but in the scheme of things, this is really something we all need to have a grasp of if we are going to be doing any marketing. 

Let me know your thoughts,

Happy Marketing!

2 commentsDeborah Fisher • July 24 2008 09:00PM

Email Marketing: Have We Killed the Golden Goose? - Part I

Three emails I would really like to send:

Dear Dethroned or Exiled Monarchy,

I would be happy to help you with your banking needs.  When can I expect the check?  Would it be okay if I used your money to float my business until my ship comes in? Since we are on a first-name basis, and you are so gracious to give me this opportunity, I feel it only fair to tell you that every now and then I have to close out my checking account and open a new one because, well, quite frankly, I am not much on bookkeeping and the ladies at the bank get tired of trying to balance my accounts.  Hope this is okay.  Your BF forever!

Dear Well-Meaning Friends and Associates,

Thanks so much for forwarding me all of the emails that you receive.  I just don't get enough of my own. Thanks for thinking of me, again, and again, and again. 

 

Dear Realtors,

Thanks for the 12,739 flyers you email me every day telling me about all of the properties that I can find on my own in the MLS.  Hope you don't mind, but I am returning them to you as I know you have spent good money on them and I hate for them to go to waste. I am sure you can reuse them for someone else, sort of like re-gifting, only with email.  Think of it as e-gifting.

The email has become both a blessing and a curse.  While email marketing is cheap and allows you to blast your message for mere pennies, email marketing is losing its effectiveness as more and more consumers are fed up with unwanted messages and opt out or block marketers from sending them any further content.

Frankly, I think that we are our own undoing.   We have used email as an all you can eat buffet without considering the consequences.    We have overloaded, over-reached and over used the in-boxes of not only potential customers, but also the in boxes of consumers who find our content irrelevant and unwanted.   So they are using gate keepers to keep us out, hitting the delete key, and sending our fabulous offers to never-never land. 

If you've run an email campaign, it's likely you've checked the statistics to see what percentage of bounces, opens, forwards, clicks, unsubscribes, and ignored your campaign.   An important part of an email campaign is not only getting it past the gate but getting it opened.  Here's a few tips to make certain that your emails are welcome and your email campaign a success: 

BEST PRACTICES FOR SUCCESS

  1. Use Opt-In
  • Single Opt-In
  • Notified Opt-In
  • Confirmed Opt-In

    2. Clarify and Disclose at Sign Up (Web or Registration Sheet)

  • Content You will be Sending
  • Frequency of Contact
  • From Whom (Email Address)

    3.  Only send the content you disclosed

     4. Stick to your promised frequency

     5.  DO NOT SHARE YOUR LIST unless you have signed permission

     6.  Ask subscribers to add your email address to their contact list

     7.  Use a SPAM checker before sending your email out

     8.  Avoid Trigger Words (Next Blog) BIG BOLD TYPE and CAPS

     9.  Use the same "From" email address and user name

    10.  Make sure your ESP (Email Service provider) is "WHITELISTED"

    11.  Keep your list updated.  With free mailboxes at Yahoo, gmail, AOL, etc. people are creating mail boxes just for the purpose of giving out to people like you and I, while family and close friends get another. 

In the next post we'll discuss market segmentation, personalization and targeting. 

Happy Marketting!

 

 

 

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5 commentsDeborah Fisher • July 23 2008 10:52PM

Consumer Behaviour During a Downturn - How to Adapt & Generate Business Part II

With fewer buyers driving around aimlessly looking at open houses and model centers, in yesterday's blog post "Consumer Behavior in a Downturn How to Adapt & Generate Business - Part I" we were trying to shed a little light on how to adapt and position yourself in front of consumers who might have a need for your services or product.  The post ended by bringing up that with high fuel prices, people are hibernating at home and using the Internet as a source of entertainment. 

In January, 2008, Nielsen reported that 94% of Internet users have shopped on-line.  94%!!  I am convinced that given the current market, and with the desire for and acceptance of technology today, it would be wise for you to put more of your resources and energy into your Internet presence, i.e., web site, blogs, social networks, etc. because that's where the people are. 

That being said, don't rely on the Internet alone to bring you business.  Just as you would have a balanced stock portfolio, you need a balanced marketing plan.

  1. Smart, enticing, targeted marketing campaigns work best.  
  2. Don't just throw money at ideas that sound good.  Establish a budget, make a plan, implement the plan, monitor the results, refine the plan.
  3. Don't sit around waiting for the perfect plan.  Roll out a good plan and refine it.
  4. Don't try to be all things to all people. 
  5. Keep your message simple. 
  6. Tell them one thing at a time. 
  7. Tell them once, tell them twice, tell them, tell them, tell them.

I've always been told that selling is a numbers game.  If you have ever sold homes on-site for a builder during a parade of homes or had an open house and been swamped by people looking at decorating, so much so that you can't even work all of the traffic, I think you'd agree that quality is better than quantity.  Go for quality by determining who your target market is and targeting your efforts to them.

Happy marketing!

0 commentsDeborah Fisher • July 23 2008 05:04PM

Consumer Behaviour During a Downturn - How to Adapt & Generate Business Part I

Having been through multiple market swings over the years, and survived, I feel incredibly optimistic that I can still grow my business even though many are saying that we are in "hard" times.  No matter what business you are in, you can use this time to grow your business through different strategies. 

Never have we been able to inform consumers about our product and services like we can today.  In the 80s, when the real estate market was slow, actually very much like today, I was selling on-site for a builder.  We used to run a bunch of line ads on the weekends and hope for the best.  During the week we worked our contacts.  Not very exciting, and sometimes not very financially productive.  But we did more than survive.  We made a good living and grew our businesses.

When money is tight and the economy seems to be iffy, both buyers and sellers act differently. Here are a few tips to help you handle a downtown. There are many other solutions to each of these behaviour patterns, and if you have an idea, please post a response.  While these are geared to the real estate industry, many of these ideas transition well into other industries.

Behaviour Pattern 1:  With the high price of gas, people are less likely today get in their cars and drive around looking at open houses.  Your foot traffic is way down.

Solution A: Invest in your Web Site. 

Your web site gives potential buyers a 24/7 virtual show room.   What you can afford and what you need to spend may be two different amounts.  You may not need to spend $25,000 for your web.  Maybe you do.  Determine an amount that is feasible.  If you need to do more than your budget allows, break the web down into manageable phases that make sense and build your web as money permits.  Come up with a time line so that you have goals in place and work toward those targets so you don't get off track.  If you know you need $2500 for the next phase, having a time line and goals will make you think twice before doing something unplanned.   In competitive times, on-line marketing can give a you a strong competitive edge. 

Before you start your web site, browse a few sites to get ideas.  Make a list of the things you want your customer to be able to do on your web.  Write down things that you would like to be able to do with your web, such as edit text, upload new photos, add new listings or product as new product becomes available, etc.  Ask for help and input so that you build what your customers want and what you need.  Make your website outstanding by doing some of the following:

  • Keep it user-friendly so that it appeals to both novice and expert computer users.
  • Update it frequently. 
  • Make it easy for customers to contact you. 
  • Allow them to register to receive advance notice of open houses, special offers, and more.
  • Keep the content fresh and interesting. 
  • Use articles, video, ecoupons, etc to keep them coming back to your site.  
  • Put your newsletter and press releases on your web so that people can see what's new.
  • If you make big updates or add content to your web, let people know by sending them an eblast.
  • Tell them what your registration policy is and what you will and won't do with their information.

Solution B: Explore new markets

Try marketing to a new audience.  If you have beaten the bushes thoroughly and need some new prospects to work with, get them to come to you. 

  • If, for example, you are in Texas and know that many buyers are moving from California to Texas, try on-line marketing in California. 
  • While on-line marketing can cost less than traditional media, if your budget permits, you could test a few print ads in out of state newspaper real estate sections.  Better yet, try advertising on-line on an out of state newspaper's web site. 
  • If you learn that a company is relocating to your area, try getting to them before your competitors by speaking to them on-line.  Purchase some banners and drive them to your fabulous new web site where you provide a link designed especially for them that will tell them how you will help them make their move.  Set up a blog with discussions geared to answer their questions about your area, homes, schools etc.
  • Be sure to check the laws of the state you are planning to advertise in prior to starting your campaign.  I haven't encountered any problems so far, but laws are being changed frequently to adapt to today's technology.
  • Partner with another professional in the area or state you are targeting and see if you can work out a shared marketing plan.  You might offer them a higher co-op fee or agree to split the commission 50/50.  50% of something is better than 75% of nothing.

Solution C: The talking home, Y2k+ Style

Staying on top of the latest trends in technology is time consuming, but as always we need to reach our audience the way that they prefer. The talking home allowed people driving by a home on the market to turn to a frequency on their radio and get a sales pitch from the comfort of their car.   A more modern approach would be:

1. Podcasting

Have something to say?  Use podcasting to tell people about a multitude of things that would be of interest to them.  You could even create podcasts for each of your listings.  Think about using podcasts as an audio newsletter.  Generate content that would encourage people to subscribe to your podcasts. 

 2. Texting (SMS - Short Messaging System)

Texting from one mobile phone to another is a preferred method of communication among younger demographics.  If your children own a cell phone, it's likely that you, too, have become proficient at texting just to keep up with them.

Texting allows you to get a message of approximately 140 to 160 characters out to someone on their cell phone.   Relatively inexpensive, texting can help you reach a highly targeted audience, especially if you are targeting younger demographics.  

Imagine someone stopping in front of your listing or business and being able to have a text message about you or your product with details and a contact number. 

  • Texting could improve your capture ratio and build interest in your product and business by giving prospects instant information. 
  • Allows you to send out advance notice of and reminders for open houses or events, let customers know about price reductions, and more.  The possibilities are limited only by your creativity.

You're collecting phone numbers of clients and prospects already.  Be sure to ask their permission to communicate with them via text messages if they register on your web site.

3. Mobile Web Site

  • Reach more customers with a Web site that can be viewed anywhere and anytime from a prospect's mobile phone or PDA.
  • Provides a "click to call" link that automatically dials your phone number.
  • can link to driving directions to your business location
  • Can target your buyers in their native language

Behaviour 2:  People are hibernating at home, using the Internet as a source of entertainment or to help them decide how to use their entertainment and recreational dollars wisely.

Solution A: Promote your site where the people are. 

Don't limit yourself to industry specific sites.  There's a lot of competition on industry specific sites, and you may be financially shut out from advertising on those sites.  People who need your service or product are not just hanging around industry specific sites. They are all over the place, looking for cars, trying to decide which movie they want to see, shopping on-line, blogging, etc. 

  • Look at sites that provide movie and theater reviews and look into promoting your business there
  • Get the cost to run a banner on the entertainment page of the local paper's website. 
  • Check out some of the social networking sites.  If your budget permits, purchase a banner on a social network site and track it to see if you are getting any interest. 
  • Join a social networking site.  This could take more of a commitment than you would like, but free is free.  Decide how much time you are willing to commit to a social network site and give it time to work.  Test it for at least a month. 
  • Get creative and use some of the social networks to showcase videos and multi-media presentations to tell your story. For example:  http://www.youtube.com/watch?v=TGh2aansptc

Hope this gets you thinking and encouraged.  Stay tuned for Part II. 

6 commentsDeborah Fisher • July 22 2008 07:57PM

Slashing Your Marketing Budget in Tough Times: How Deep Should You Cut?

My business is a little different from that of most Realtors.  We are a marketing company that also happens to be a real estate company, so we are working not only with real estate agents on a regular basis but also with builders and developers.  The one thing that both builders and Realtors are talking with us about is how they have curtailed their marketing efforts is an attempt to reduce expenses. 

This concerns me.  I have a hard time thinking of anything that promotes and increases my business as an expense.  Marketing is a necessity.  Without it, no one would know what service or product we are offering.  Today, more than ever, with so many others competing for the same dollar of revenue, it truly is out of sight, out of mind.  If you are a Realtor, how many times has someone said to you, "I forgot you were in real estate".  This is usually delivered mere days after they have just listed and bought from someone else.  If you are builder, I'll bet you've heard "I didn't know you were building in that price range" more than you care.  Unless you are a secret agent or are the keeper of the secret formula to Coke or Bush's Baked Beans, it's unlikely that you want your product or service to be top secret.

Often, the marketing budget is one of the first things that gets slashed in tough times, and sometimes the marketing budget is cut the hardest and deepest.  In the scheme of things, should you really be slashing the one thing that is going to generate new business for you?  After all, don't you really, really need to generate new business and income? 

A marketing budget is an investment.  The purpose of an investment is to create a return, and like any investment, marketing dollars need to be invested wisely in order to produce income.  I've always thought of myself as being fiscally responsible.  If I don't need to spend money on marketing, I won't, but when you need to make something happen, you need to spend the money.  To be an effective "marketeer" you need to develop a sense of when to ramp up marketing and when to pull back.  There is a knack to balancing the mix. 

How you invest your marketing dollars is another post, but let me say this: look at what is working for you, and cut the things that aren't swiftly and reallocate that money to new ideas.  Reinvent your marketing by taking another look at your target markets to come up with fresh ideas on how to get your message in front of them.  If you must cut your budget, you need to totally overhaul your marketing strategy so that you can make the money you have work more effectively than before.  Ah the joys of marketing: doing more with less! 

I firmly believe that there are two serious mistakes currently being made in marketing:

1. Failing to make something happen by doing nothing while waiting for the perfect marketing plan.  This is an serious marketing mistake.  Roll out a good plan, monitor it carefully, and refine your good plan into a perfect plan. 

2. Waiting for the market to recover before doing any marketing.  You need to find ways to make something happen NOW! What's it going to take to get your business going again and how are you going to let everyone know what you are offering/doing?

Don't be a follower.  Be the one that everyone watches to try to figure out what you are doing and why it's working.  Learn to be creative.  If you are meant to be a marketeer, you should be able to come up with exciting and inventive ways to attract an audience.  Refine good ideas from others and make them great. If marketing isn't one of your strengths, seek advice.  Doing things right will cost less than expensive marketing errors. 

The most flattering thing to be told is that other people are waiting to see what you are doing to market your service or product so that they can follow suit.  It feels really, really cool. Trust me.  With a little creativity, a little ingenuity, you could be the one that gets your company back on the fast track to success, so keep honing those marketing skills!

 

 

  

 

 

 

 

 

2 commentsDeborah Fisher • July 20 2008 08:47PM

Has "Customer Service" Become an Oxymoron? Building Stellar Customer Relationships

I am taking a page from my personal life and turning it into a coaching session.  Hope you pick up some pointers or take the opportunity to share your tips and techniques, or even vent, by posting a comment.

Take care of the customer and they'll take care of you.

The customer is always right, even when they're wrong.

Good service is good business.

 

What ever happened to customer service?  Is it just me, or does it seem like people and companies aren't trying very hard any more?  Have companies and people become apathetic, or have our expectations become too great? 

Why are some companies still managing to 'WOW' us with their customer service and some failing miserably?

Here's what started me reflecting on customer service:

In late April I purchased a small flat screen TV and right out of the box it didn't work.  Took it back to the store and they replaced it immediately.  Saturday night, I turned on my "new" set for the first time in months and guess what . . . no TV.  No Starz, no HBO, no Fox News.

After reading both the manufacturer's warranty and the extended service policy I purchased, I realized the set was still in the manufacturer's 90 day warranty period so I had to deal with the manufacturer for the repair.

Sunday, I make the first call to the manufacturer. Their call center is open on a Sunday.  That's a positive start. Customer service should be convenient to the customer.   I am informed that I need to take the tv to their authorized service facility about 30 to 40 minutes from my house. 

On Monday I call to verify the repair shop's location and business hours only to discover that the shop has gone out of business.  Not a good sign that the manufacturer's customer service department didn't know this.  It is a credibility buster when a customer has to tell you something important about your business that you should already know.

I make another call to the manufacturer and am told that they will have to send me a box for me to ship the tv out to a repair center in California, and it may take eight weeks just to get the box sent to my house. Seriously. Eight weeks.  For an empty box.  Then they have two weeks from when they receive the tv to determine whether or not it can be repaired. If they need to order parts, that could take a week or two, and if the parts are on back order . . . there is no telling when back ordered parts will be in. 

I tried to get them to allow me to send them the broken tv and in return they could send me a new one. No go.  At this writing I am waiting for the infamous box to arrive.  I'll be lucky to have my tv back by Thanksgiving. 

Here's the point that you need to remember when dealing with your customers so that you don't make the same mistake: The manufacturer had an opportunity to have me tell everyone what a great company they are and how happy I am with their product, but they missed the opportunity  All they needed to do was get me a new tv or expedite the repair, which I asked them to do.  I would have been very pleased with this and I would be happy about their service and product because they stood behind it CHEERFULLY!  After poor service and two dud tvs, I certainly am not going to recommend their product to anyone.  In fact, I am going to not recommend the product. 

Here's a few things to think about:

 

To build loyalty with today's consumers, mediocre service is not good enough.  You have to provide  extraordinary service in order to be thought of as only providing average service.

With so many firms doing such a great job of customer service, they have raised the bar for the rest of us.  Consumer's expectations are high. We are performing for a tough crowd!

  

If You Don't Take Care of Your Customers, Someone Else Will

If you don't have systems in place to make certain that the customer's experience was positive, you will will never know what you are doing wrong and where you are falling short.  That's what viral marketing is all about.  You need to survey your customers to find out how you and your company is doing.  

 

The best customer service policy is one that applies the Golden Rule: treat others as you would like to be treated.

Start building your customer service policies with this principle and you are on your way to delivering a winning experience for both you and the customer.  It's hard to go wrong if you apply the Golden Rule to those you come into contact with.  You must apply the Golden Rule CHEERFULLY.  The more cheer, the more 'WOW'.

HERE'S HOW TO HANDLE THE ANGRIEST OF CUSTOMERS

During my career in home building, I was often called out to the field to resolve a customer related issue.  Sometimes the customer showed up at the office (things were usually pretty serious by then) or I received a phone call. 

If you've been in business more than six months, I would venture to guess that by now you've had the opportunity to experience at least one very difficult customer.  Some of them may be customers that you would never want to build for or sell a home to ever again.  If you've been in business for a while you'd probably agree that some of our best and most loyal customers start out being difficult customers until we turn things around and prove to them that we are a people and company of integrity and aren't going to give them less than what we promised. 

In life, don't expect everyone to like you. It's unrealistic.  Some people are going to be difficult to deal with, unreasonable, and down right hateful no matter how hard you try or how great of a job you do.   Those are the customers that you refer to your competitors to see if they can help the customer get what they want.  This may sound like a mean thing to do to your competitor, and you may be laughing, but your competitor just might be able to relate to your customer in a way you can't, and if you handle it right you'll end up looking like a true professional to both the customer and the competitor. 

1. Remember that the customer is always right, even when he/she isn't.  

I'm not saying that you cave in to the customer.   I'm saying that you must allow the customer to tell you why he is angry or upset, and then work toward an understanding and meeting of the minds.

2. Don't get defensive. 

It's likely that you understand your business better than your customer.  You'll get your chance. Let him completely vent (download) and tell you how he thinks you or your company screwed up without interrupting him.  You might also learn something that you need to know about your company or how to better handle something the next time.  Accept his displeasure for what it is: an opportunity for both of you to grow.

Side note: This does not mean that you should allow a customer to verbally abuse you.  If the customer starts spewing foul language or is acting as though he is going to punch your lights out, you MUST put your hand up to signal that the conversation is over and firmly say: "Mr.Buyer, I am here to get clarity on the situation so that I may properly address and resolve your concerns.  I am willing to listen to your concerns but only if you can discuss them calmly so that I can fully understand and address each issue.  If you would like to come back later when you have had a chance to calm down I will be happy to address each issue one by one at that time."

3. Listen to the customer's side of things, and when he appears to be through ask him if their are any other concerns that he has. 

Now is the time to get any other issues out in the open.  If he adds more concerns or issues to the list, at the end of each download, ask him if there is anything else that he has a concern about. 

4. Thank him for bringing these items to your attention.

This is a very good strategy for several reasons: 

  1. If this isn't what he expected you to do, this may take him by surprise, which gives you the advantage and ability to start rebuilding his trust and regain his confidence. 
  2. Shows that you are interested in him and want to know about problems with your company
  3. Serves to calm him and assure him that you are not afraid to be confronted with problems and can deal with them
  4. Indicates that both you and your company are professionals and want to be aware of what's going on

After you have thanked him, you should add something positive that indicates that you and your company want to do a good job or provide good service, something sincere that will build trust, integrity, and respect between you, your company, and the customer.  

e.g. "Thank you for bringing this to my attention, Mr. Buyer.  Our commitment to do what we say we will is one of the things that our home buyers most frequently mention and rate very highly when they complete their post-closing survey."

5.  Use the customer's name frequently in your conversation.  

If you are not personally on a first name basis with this customer, I recommend that as a sign of respect you refer to him as Mr. Buyer and only use his first name if he offers it to you.   This is a business setting and not a social one.  Keep it professional and you'll earn his respect while showing him respect.

6. Restate his concerns to make certain you are clear on his issues.

This keeps both of you on track and makes certain that you fully understand the problem as he sees it.

7.  Get the facts before you act!

If there is someone else involved in the process, such as a mortgage company or a builder's superintendent, you will need to hear that person's side of the story, so until you have all of the information you need to make a good decision about what needs to happen, tell the customer that you are going to look into the matter and that you will call him back at a specific, stated time.  Ask if that is a good time for him.  If not, find an agreeable time to call him back.  PUT THAT TIME ON YOUR CALENDAR!  Verify his contact number.

8. Call him at the appointed time even if you haven't solved his problem.

If you do not have the answers by the time you stated --- you must STILL call him at the appointed time.  Do not be late calling him back.   Being on time is very critical to a successful outcome.  Tell him that you are still working on resolving his concern and why you are unable to resolve the situation.  (Still need to speak with someone, checking availability, schedule, etc.) Do not let anyone else make this call for you.  This is critical to your credibility and to further convey that you are indeed trying to resolve the concern.

9.  Create an Action Plan

 After you've gathered the facts, you'll need to come up with an equitable solution agreeable to both parties and a time line to make it happen.  When giving time lines, pad the time frame.  Better to resolve something sooner than expected than later than promised.  If you are going to miss the deadline you agreed to, call him back PERSONALLY in advance of the deadline to deliver the bad news.  This is going to make him doubt your credibility again but not to call will make the situation worse.  Pad the deadline!  Once again, if a call is made to deliver the message of a delay, it needs to come from you. 

If you or your company is in the wrong, the cost of owning up to it and making it right will do more to advertise your services than anything else you do. 

If the customer is wrong, and he may very well be, if it is something of minor cost you may need to suck it up and take care of the issue if only for goodwill.  Look for a compromise.  If he is wrong, remember to help him save face.  When you do, you'll end up looking like the bigger person in the end . 

10.  If the customer hands you a problem, you own it until you get it resolved.  

This way, the ball is never dropped.  If you involve someone else in getting the problem handled, it is your responsibility to follow up with that person to make certain the situation gets resolved, and it is your responsibility to follow up with the customer to make certain that the concern is resolved to his satisfaction.

Customer complaints are opportunities to let your customers know that they have made a good business or buying decision and that they can confidently reccomend your company and services to their friends.   It's all in how you handle it.

3 commentsDeborah Fisher • July 17 2008 02:52PM

Is the "New" FHA Loan the Buyer's (and Seller!) Best Friend?

If you have a home to sell or are looking to buy, an FHA loan could be the deal maker.

Now that the Jacksonville (Florida) real estate market is ramping back up, buyers are searching for the best value in a home and the best value in a mortgage.  But with all the chatter in the media about tightened credit and Freddie and Fannie problems, where's a buyer to turn?

The best deal for smart home buyers may be the once favored mortgage of first-time buyers, the FHA mortgage, but now even "move-up" buyers need to seriously consider today's FHA loan program.

Some may have the perception that FHA loans are for buyers who are less than qualified to purchase a home under other financing programs.  With the new methods of determining how conventional interest rates and down payments are figured, every buyer should take a second look at the benefits of using an FHA mortgage to secure their new home.

Highlights of an FHA Mortgage*

  • Maximum loan amounts vary by region.  In Jacksonville, Florida, the loan limit is $387,500.  That buys a very nice home in our market, one you'd be proud to call home.
  • Sellers can pay more of the closing costs, including pre-paids.  Up to 6% of the sales price. FHA is the perfect vehicle for sellers electing to offer an incentive to buyers in order to sell their home.
  • Buyers can get in for as little as 3%
  • Has the most liberal "A-priced" underwriting
  • Qualifying ratios are more generous than Conventional loan programs
  • Gift money from family members can be used for down payment and closing costs
  • Family members can be non-occupying co-borrowers
  • Non-resident aliens qualify
  • FHA cannot be declined for "non-credit" status
  • FHA loans are assumable subject to credit approval of the assuming buyer. (How's that for an exit strategy in the years to come should home mortgage rates increase above today's rates . . . anyone remember the 1980s and 16% mortgage rates?)
  • No prepayment penalties for early payoff

Buyers should note that they can benefit from an FHA interest rate reduction of 1/2% less if they borrow less than the full loan limit.  There is a pre-determined loan amount for each area that will give you the 1/2% reduction in rate.  Ask your mortgage professional for the loan limits in your area.  In Jacksonville, mortgages that are $362,700 or less will benefit from a 1/2% rate reduction.

Home buyers and sellers need to be aware that an FHA loan can make all the difference whether or not that SOLD sign goes up out front and ultimately whether or not the buyer takes title to the property.

Please note: FHA is not a credit score based loan, so if your lender is arbitrarily requiring a credit score, consult another lender.

*Please consult an experienced and reputable mortgage professional for complete details of any loan program before making a financial decision.

4 commentsDeborah Fisher • July 16 2008 09:46AM

What's Really Happening in the Jacksonville (Florida) Real Estate market

We sent this article out to all of our clients in May and since then we have had more than a handful of people call or email and tell us that we should post this.  It seems as though we aren't the only ones who recognize that there are plenty of good things to say about the market, and that we need to bang "the glass is half full" drum more loudly than those who are banging that it's empty. 

Cheer up, Jacksonville.  North Florida home buyers and sellers are in better shape than many are led to believe.  Take a closer look at the facts!

A national research company that specializes in reporting key indicators to home builders and developers recently confirmed what our client, Brent Brown, developer of La Terrazza Luxury Villas, and I  have already discovered: overall, home prices in Jacksonville have flattened out, prices are stabilizing, the "Bottom" appears to be in the rear view mirror, and the market has begun moving forward.

Area home builders are reported to have only a six-month inventory of single-family homes available. Based on my many years in the home building industry as a market analyst and strategist for regional and national home builders, this is an excellent indicator as the preferred inventory benchmark that home builders strive to maintain is four to six months of inventory. 

MARKET WEAKNESS 

The only apparent negative to the Jacksonville real estate market is that there is still an oversupply of condos and developed lots.  Many of the areas condo projects are best-suited to entry level buyers, and there is much competition in the entry level condo market since both builders and speculators are competing for the same buyer.  The majority of developed lots are in large communities or in areas that while suitable for speculators and "flippers" now hold little appeal for owner-occupied buyers.  In fact, many developers have placed large communities "on-hold" until some of the market's current lots are absorbed.

CURRENT CREDIT AND MORTGAGE ISSUES

The recent real estate boom was fueled by low interest rates and a very loose credit approval process.  As Joe Public discovered how easy it was to obtain a mortgage using only the spare change found in the seat cushions of their sofas they rushed into the market creating demand and driving price.

Still, the current rate of foreclosure is reported to be less than two percent nationally with ninety-three percent of mortgage holders paying in a timely fashion.

Current lending guidelines are stricter, but they make sense.  Many loans were given to buyers who, upon closer look, could not possibly make future payments, and many loans were tailored for and lent to investors with short-term goals that turned into financial disasters when the short-term turned into the long-term.

To make certain that buyers can make future payments, lenders have reinstated income verification and credit checks.  This is a more responsible approach to consumer lending as both the real estate and mortgage professional will now match homebuyers with homes and loan programs that they can afford down the road.

Presently, on conventional loans credit scores are used to help determine loan to value ratios, the interest rate charged, and the amount of mortgage insurance required.  Typically, the better the credit score lower the the required initial investment and the lower the interest rate.

Buyers need to be aware that until their credit and income is verified, any rates, loan programs, or loan to value amounts quoted by any lender should not be relied upon.

MARKET STRENGTHS AND OPPORTUNITIES

While investors were content to snap up cookie cutter homes in cloned communities, today's home buyers are not.  Recognizing that a part of the housing surplus and decline in pricing was due in part to the over production of tract homes, today's buyers are seeking to prevent future value erosion through alternatives to cloned homes and communities. 

Who is doing well in this market?  Builders who have moved away from the mass production of cookie cutter homes and those builders willing to make structural changes.

On the resale market, homes located in established, traditionally popular areas and neighborhoods are seeing increased showings and interest from prospective home buyers.

Remember: buyer needs vary and this creates opportunity.  Some buyers would rather live closer to town than on the fringe of new growth.  Others are willing to pay more to live in an older, established area such as Riverside / Avondale or the San Jose / Beauclerc areas.  High gas prices and lengthy commute times create additional interest in and demand for these homes.

If you have a home to sell, have owned your home for several years, this could be the opportune time for you to make a move to a "new" home that better suits your current needs and lifestyle.

Don't wait until the "bottom" of the market is so distant in your rear view mirror that you miss the opportunity to make your move.  While you may sell your current home for less today than a few years ago, you are replacing it with the home you want under the very same market conditions so your "new" home will be available to you for less today as well.

 

 

2 commentsDeborah Fisher • July 15 2008 02:10PM