RETechTO Meetup - March 1, 2010 - Real Estate Email Marketing

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E-mail marketing presentation by Neeraj Seth from Upaknee. Presented at March 1, 2010 Real Estate Technology Toronto (RETechTO) Meetup. Meetup founded and hosted by George O'Neill www.GeorgeONeill.ca

Transcript of RETechTO Meetup - March 1, 2010 - Real Estate Email Marketing

UpakneeInc.March1st,2010

EmailMarke1ngforRealEstateDebunkingMyths,UnderstandingPi9allsandSharingBestPrac=ces

|RealEstateEmailMarke=ng:Myths,Pi9allsandBestPrac=ces

AGENDA•  WhatisEmailMarke1ng?

•  Myths

•  UsesforRealEstate•  PiAalls•  BestPrac1ces

•  Uses

•  Howtogetstarted

|RealEstateEmailMarke=ng:Myths,Pi9allsandBestPrac=ces

WHATISEMAILMARKETING?•  Marke1ngmedium

•  Push‐marke1ng

•  Uniquecharacteris1cs:

•  Valuable,relevantand1melycontent•  Stayingtopofmind

•  Providingvaluetoclients•  Permission‐based

•  Nurturingrela1onships•  Toolforengagingconversa1ons

|RealEstateEmailMarke=ng:Myths,Pi9allsandBestPrac=ces

MYTH#1:EMAILMARKETINGISSPAM•  Igettonnesofspammessageseveryday…

•  Idon’twanttobeaspammer…

•  Doyouprovidethelists?OrdoIhavetobringmyown?

|RealEstateEmailMarke=ng:Myths,Pi9allsandBestPrac=ces

MYTH#2:EMAILISNOTEFFECTIVE•  Emailisfree–ithasnovalue

•  Mymessagewillbelostinaseaofemails…

•  Peoplejustdeletetheemailanyway…

•  Buildsrela1onships–isrela1onshipmarke1ng

•  Only5%ofsellersfoundtheiragentsusingthemostexpensivekindsofmarke1ng,72%foundtheiragentsusingrela1onship‐typemarke1ng

•  Peoplelikeprintcommunica1ons

•  67%preferemailasacommunica1onschanneloverothersonline•  Emailwillcon1nuetobethepreferredcommunica1onchannelin

thefuture

|RealEstateEmailMarke=ng:Myths,Pi9allsandBestPrac=ces

MYTH#3:ICANDOTHISBYMYSELF•  Yesyoucan.

•  However,therearemanyconsidera1onstousingemailmarke1ngasaneffec1vemarke1ngtool

•  Crea1ngvisualandpowerfulemails

•  Yourinboxisnotthebestleadmanagementtool

•  Managingpreferences:Permission‐basedlists

•  Legisla1onCompliance

•  Deliverability

|RealEstateEmailMarke=ng:Myths,Pi9allsandBestPrac=ces

USESFORREALESTATE•  MonthlyMarketUpdate

•  Adver1sePropertyLis1ngsandRecentSolds

•  OpenHouses

•  Providetargetedinforma1onaboutneighbourhoods,communityeventsandtopicsofinterest

•  FinancialNews•  Impactsoflegisla1on

•  Tax‐savingandinves1ngstrategies

|RealEstateEmailMarke=ng:Myths,Pi9allsandBestPrac=ces

PITFALL:USINGEMAILLIKEDIRECTMAIL•  Emailmarke1ngcanbepersonalized

andtargetedinamannerunlikedirectmail

•  Tempta1onduetolowcosttorentlistsanduseimproperemailcollec1ontechniques

•  Emailmarke1ngdeliversreturnsover1me

•  Brandawarenessthroughreferralsandlistgrowingtac1cs

•  Engagementopportuni1es

•  Buildcredibility:trustedsourceofinforma1on,knowledgable

Emailmarke*nggeneratesan

ROIof$43.52perdollarspent.

DMA(2009)

Directmailcampaignsgenerated

$15.22insalesperdollarspent

DMA(2009)

|RealEstateEmailMarke=ng:Myths,Pi9allsandBestPrac=ces

PITFALL:NOTHAVINGADATABASESTRATEGY•  Understandandalignyourcontactcollec1onprac1cesandhave

amastersourcedatabase

•  Yourclientshaveuniqueinterests…

•  Capture•  Know•  Use

•  Collec1ngcontactinforma1onmul1ple1mesandnotknowingyourclientscommunica1onpreferencesistheculprit,nottheuseofthetool

•  Abilitytouseemailmarke1ngresultsinauniqueway

•  Furthersegmentbasedonuserac1ons

•  Listmanagementprac1ces•  Confirma1on,Welcome,GoodbyeEmailandPreferenceCentres

|RealEstateEmailMarke=ng:Myths,Pi9allsandBestPrac=ces

PITFALL:OTHERTECHNICALTRAPS•  Brandingandcodingmistakes

•  Nottes1ngforvariousbrowsers

•  Somanybrowsers,somanyemailclients

•  Usingemailservicesthathavelowdeliverability•  DKIM/SPFAuthen1ca1onandRecords

•  Whitelis1ngservices

|RealEstateEmailMarke=ng:Myths,Pi9allsandBestPrac=ces

BESTPRACTICE:FOLLOW‐THROUGH•  Monitoringresults

•  Followingthroughonuserac1ons

•  Usingdatatofurthersegment

|RealEstateEmailMarke=ng:Myths,Pi9allsandBestPrac=ces

BESTPRACTICE:ANTI‐SPAMCOMPLIANCE•  Domainauthen1ca1on

•  Notusingmisleadingsubjectlines

•  Legisla1oncompliance

•  Listmanagementcollec1onprac1ces•  Regularcommunica1on

|RealEstateEmailMarke=ng:Myths,Pi9allsandBestPrac=ces

BESTPRACTICE:EXPANDINGREACH•  Integra1ngemailmarke1ngwithothermarke1ng

•  Aligningmul1channels

•  Feedingintosocialmedia(sharingcontent)

•  Integra1ngintoyourwebsiteorconnec1ngyourCRMtool

|RealEstateEmailMarke=ng:Myths,Pi9allsandBestPrac=ces

GETTINGSTARTED•  Yourwebsitetools

•  CRMTools

•  EmailMarke1ngServices

|RealEstateEmailMarke=ng:Myths,Pi9allsandBestPrac=ces

UPAKNEESOLUTIONS•  Self‐servicesolu1ons:

•  CampaignManager•  Powerfulself‐servicetoolsareeasytouse•  Controlanddevelopyourowncampaigns

•  Plansstar=ngat$20/monthfor1,000emails

•  Full‐servicesolu1ons:

•  RealEstateReportExpress•  Star=ngat$30/month.Now$20/month.Greatwaytogetstarted.

•  RealEstateReport•  Star=ngat$99/month.Ourpla=num‐levelconciergeservice.

•  MonthlyMailing•  Yourcontent.Ourhardwork.Bestofbothworlds,from$125/month