Are you a real estate agent or broker that advertises with Zillow? If you are, even if you are receiving an ROI, you advertising dollars could be better spent.
Zillow is by far the most visited real estate website in the world with over 200.7 million average monthly visitors. As a matter of fact, the second most trafficked real estate website…Trulia, is owned by Zillow. And the #3, Yahoo Homes uses the Zillow listing database to display Homes For Sale. So with all of that said, what could be a better way to leverage your marketing dollars?
Zillow offers a multitude of advertising options with one of the most popular being that your photo will show up beside homes for sale in a specific zip code that you have purchased. Your photo and contact information (which goes through the Zillow framework) is one of a handful of agents that show up as a “Premier Agent” on the side of the pages of listings in your target area. Most real estate agents are looking to acquire buyer leads from the Zillow platform. There are some options for capturing seller leads, but getting ready and willing buyers is their bread and butter. If you are already using Zillow as part of your personal advertising program, then you are well aware of all of this…So what is the point?
The point is you have other options to use your advertising dollars to get real estate leads that have much longer lifespans. Build your own personal brand, give your clients and ad free place to search, generate leads and spend far less in the long run. Don’t get caught up in the wrong way to use Digital Marketing for Real Estate.
If you were to have local people interested in buying a home on YOUR website, with YOUR personal branding, showing ALL of the listings locally available for sale, you can get the same leads…I promise!
Its True… Just about every real estate agent in the country has some form of a website and initially had high hopes …but it didn’t happen.
Because they didn’t get the traffic, most ended up pushing their marketing dollars to platforms such as Zillow and REALTOR.com.
Wouldn’t that be better? Well of course it would. The challenge with real estate websites is getting that traffic and having your website set up to convert that traffic. Since this appears to be so abundantly obvious, why doesn’t everyone do it?
There are specific challenges with real estate websites & there is a fix. Truth is…Search Engine Optimization for Real Estate is not easy. Having your real estate website show up organically in real estate searches requires a high level of SEO (Search Engine Optimization). Where people usually fail… is they attempt to SEO their own website and when they dont get any success.
Real Estate Agents think they can read a couple articles on SEO, do it themselves and save some money. I find that oddly ironic, because that is EXACTLY what FSBOs do!
Upon the home grown real estate search engine optimization not working, many agents give up and start using a 3rd Party (Zillow, Trulia or REALTOR.com) as their online advertising vehicle.
What if you spent the money that you give Zillow to drive that traffic to your website?
One thing to remember is that marketing a real estate website is a long term strategy. The goal is that within a year, you will have ample traffic to your website that provides a solid return on investment. Once you are ranking for local keywords that your customers are using to investigate real estate online, the monthly investment drops substantially. Many agents are looking for the quick fix or immediate leads. That is simply not going to happen while building the search engine optimization for your real estate website.
For a well rounded Digital Marketing Strategy, it is recommended that you attack on a variety of fronts. The long term goal is organic ranking of your website. Since that takes time, there are things you can be doing that generates immediate traffic and leads and ultimately helps with your real estate SEO campaign. The most common way to drive immediate traffic is to use social media marketing for real estate leads.
In the long term, Pay Per Click has some of the same issues that 3rd Party Real Estate Portals have—which is you are constantly paying…and when you stop, the leads go away immediately. That being said, Google Pay Per Click can be a great tool for filling in the gap while your Search Engine Optimization for your site gets better and better. As your SERPS increase, your Google PPC campaign spend should decrease.
No lie…to properly SEO a real estate website can be expensive. Especially if you are driving traffic and leads with Google PPC and Facebook Ads while it grows. The real benefit here is that once you are where you want to be, there is little maintenance required to keep you there. That doesn’t mean that its no work at all, but its easier to stay at the top of the mountain than it is to climb it.
The Cost of SEO can vary dramatically depending on a variety of factors:
The good thing is the cost of ranking your site is directly correlated to the amount of traffic and competition your real estate market has. That means if you pay more to get there….the benefits are larger at the end. If you are attempting to rank for a small rural town, your SEO quote should be smaller than if you are trying to be in on page one for a major real estate search term. Either way, the SEO quote should be relevant to the traffic you can obtain…so it all works out.
The reason that Zillow, Trulia and REALTOR.com can justify their prices is because they get the internet traffic. They have spent an enormousness amount of money to rank their sites for almost every singe real estate search, for every city in the United States. It was a well thought out strategy. It works. The thing is…YOU can do that too…for your little part of the word.
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