Five Things to Know in 2009

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Feb 2009 - These slides are from a presentation I gave to the Home Builders Association of Maryland, helping the attendees to identify and be aware of what shifts they should be making in their marketing focus.

Transcript of Five Things to Know in 2009

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The things you MUST know in 2009.

Overview

WHATWHY HOW

background

strategy

implement

Consumer Behavior

The 2008 NAR Home Buyers and Sellers Survey

Consumer Behavior

* The 2008 NAR Home Buyers and Sellers Survey** 2008 US Entertainment Survey, Yankee Group

Buyers are researching their home purchase longer:

• 2006 – 6.4 weeks of research

• 2007 – 12.1 weeks of research

• 2008 – 16.5 weeks of research

56% of television viewers are online at the same time, browsing the web or sending email

Internet

“Market from the inside out” – Tom Richey

Internet

“Market from the inside out” – Tom Richey

Internet

“Market from the inside out” – Tom Richey

5 Things to know in 2009

• Analytics

• Search

• Video

• Mobile

• Social Media

Analytics

Analytics

The Measurement of Website Visitor Quality & Quantity

Analytics

• Better allocation of future resources

Forrester Research: Online Advertising Predictions for 2009

• Online advertising growth rate of 12%• Marketers will be looking to make more of technologies like

targeting and measurement• Marketers relationships with agencies and publishers will strain as

marketers take a more active role in managing their data andmedia buying.

Analytics

Metrics to Monitor:

• Bounce Rate – How quickly are people leaving your site?

• How did your visitors find you – Ads, Search,Listings, Other Links

• What did visitors do once on your website?

• Who sent you BETTER traffic ?

Search

Search

Search Engines Directories

• Google

• Yahoo

• MSN

• Ask

• YouTube

• Move.com

• BaltimoreSun.com

• NewHomeSource.com

• Zillow.com

• YahooRealEstate.com

• Hundreds of Others

Search – organic vs. cpc• Organic – The results of a search that the search

engine believes to be the most relevant

• CPC, PPC – A paid placement of an ad to displayed when a visitor searches for a specified search term or phrase. Aka – cost-per-click, pay-per-click, paid search

• SEO – Search Engine Optimization. The practice of improving a website’s organic search ranking for a desired keyword or phrase.

Search – organic vs. cpc

mmmm

Search – organic vs. cpc

mmmm

Search – organic vs. cpc

Organic CPC

• Free

• Long-term

• Higher click-rate

• Traditionally higher quality traffic

• Slow to make change

• Limited ability for uncommon search behavior

• $1-5/click

• Only as long as you’re paying

• Good quality traffic

• Instant on

• All keyphrases can be purchased

Search – organic vs. cpc

2008 Search Engine Market Share*:• Google – 69%• Yahoo – 19%• MSN – 6%• Ask – 4%

In 2008 Google reported that the average search query has gone from 3 up to 4 words.

Noteworthy Consumer Behavior Statistics

“New Home” vs. “Green Home”

* Source: Hitwise, an Experian company

Search – organic vs. cpc

• Maximize Free traffic w/SEO efforts focused on most-likely-to-perform keyphrases

• Supplement your SEO with Paid Search to cover “long tail” keywords & phrases

• Monitor the effectiveness of both effortsusing analytics results

Video

Video

* Source: Online Publishers Association, June 2007

People remember:

• 20% of what they hear

• 30% of what they see

• 70% of what they hear and see

65% of U.S. Households have a broadband connection

VideoYouTube.com

November 2008

• 2.8 BILLION searches (200M more than Yahoo)

• 146 MILLION visits in the U.S. 12.6 BILLION videos

• Views have doubled from 20 months ago

Video

• Content must be relevant, educational, and/or entertaining

• Avoid posting a made-for-TV commercial

• The quality expectation is lower on You Tube than video featured on your web site, but the information or entertainment valueexpectation is higher.

• Short (long is bad) videos can be inexpensively produced by media companies

1. Video featured on your website

2. Video featured on outside services like You Tube

VideoAfraid of giving too much away online?

Mobile

Mobile

SMS Marketing• Text Messaging

• Auto-responders

• Mass Follow-up

Mobile Web• Websites designed for viewing on mobile

devices (standard and light)

• Mobile applications that access web data

Mobile

• iPhone’s

• Android Phone’s

• Some others

• Blackberry

• Treo

• Most others

Mobile

* Source: Nielsen

Out of 250 Million Cell phone subscribers in the U.S. :

• 137 Million use SMS/Text (over 50%)

• 43.3. Million access the Internet on their phone

• 28.2 Million access video content on their phone

Text Message use is rising:

• Q1 ’06 – 198 calls vs. 65 Texts

• Q1 ’08 – 204 calls vs. 357 Texts

Mobile

• Real Estate is naturally local

• Making the web more mobile is simply the natural evolution of technology.

Mobile

Mobile applications that access the Internet are changing how the public uses the mobile web

Mobile

Mobile

• Mobile initiatives should be focused on the younger generation, first time buyer, and urban professional

• It’s not necessary to build a mobile-only site- Be sure you’re existing site is mobile friendly (iPhones cannot see flash content)

• Be sure you’re a part of Google Base

Social Media

Social Media

Social Media

WEB 2.0• Conversational Web

• Two-way vs. One-way

Early Examples:

• Classmates.com

• User reviews on Amazon.com

Social Media

LinkedIn

Facebook

Twitter

MySpace

Social Media

The Office

The Bar

Happy Hour

High School

LinkedIn

Facebook

Twitter

MySpace

Social Media

• This is where people spend time online –LOTS of time.

• 35% of adults have at least 1 online profile, upfrom 8% in 2005*.

• You’re accessible on their terms. You’re at their party, not yours.

* Source: Pew Internet

Social Media

• Social networks are ideal platforms forevangelical customers to sing praises and improve the likelihood of referrals.

• Search engines value UGC.UGC = user generated content

* Source: Pew Internet

Social Media

* Source: Compete.com & Quantcast.com

LinkedIn

• Professional Network

• Groups allow discussion

• Supports automaticimport of blog and other feeds

Social Media

Facebook

• 150,000,000 registered users

• Adding 450k/day

• Estimated length of daily visit:40 minutes

* Source: Compete.com & Quantcast.com

Social MediaTwitter

* Source: Compete.com

• Micro-blogging platform set to go mainstream in 2009.

• Numbers do not reflect users whoaccess Twitter viaapplications

• Enables fast mass dispersing of short messagesto users who’ve opted-in

• The Red Cross uses Twitter to communicateshelter and evacuation data.

• 4,500,000 users with 7,500 new per day

Social MediaRules of engagement:

1. Give before you get

2. NO Spamming

3. Respond to public complaints in a public way

4. If it looks like you’re hiding something, someone will find it.

5. Maintain your presence. Never, never,abandon it.

Social Media

LinkedIn

• Request all employees maintain a profile.

• Create a group for employees tocollaborate and share with vendors andcustomers.

• Encourage employees to participate inother discussion groups where they cananswer industry related questions

Social Media

Facebook

• Create a page for your business and encourage employees, friends, familymembers to become a “fan.” All of theironline friends will be notified.

• Post relevant photos, links, and videosabout your company and encourage comments and dialogue by your visitors

• Encourage employees to participate inother discussion groups where they cananswer industry related questions

Social MediaTwitter

• Broadcast relevant news for your customers

• Announce sale events

• Be accessible to those who prefer to communicate this way

• If there’s no immediate business purpose evident, at least monitor your name.

Summary• The most benefit will always be gained from a cohesive and

comprehensive strategy

• Market from the inside out:

1. Take care of the inside first – your website 2. Maximize free exposure with good SEO practices3. Supplement your SEO strategy with paid search4. Use, or be prepared to use, new technologies as

consumers adopt them in their habits and expectations5. Reach out to those not actively searching for your

product and enable your mavens to help youspread the word for you.