My advice will be, regardless on what form of marketing you are doing, if you are not gathering analtics on that marketing how are you suppose to know if it is working for you or not. Yeah you may be doing deals, but if you don’t know where to spend your money you could be wasting it. :beer
Test, and track my friend.
Hi Everyone!
Really nice thread you have here. Wish to get to know each and everyone of you better.
Peter Vekselman
You must have an online presence of your real estate business. If you already have the real estate website - begin with its online marketing. Do submissions of your site in the number of free site directories. Your aim is to bring more and more traffic to your web site. Along with all these things it is also necessary to make your website user friendly. Because your aim is to make user stay in your website for at least 5 -8 minutes.
Like recently i visited a website previewstay which was a real estate website. Although it was having few properties listed might be new launched; but the layout was excellent. Overall I was able to understand what they are trying to make me understand as as their tag line was try before you buy it. I could easily locate properties . :beer :cool
Always be on the look out for what’s new. Never stick to the conventional and the traditional. There are always new ways coming up. Invest time and money on your marketing as much as you can. I market in many different areas all over the US and I have come to automate my system. These days, it’s mostly my virtual assistants that help me a lot with talking to leads. What I focus on is marketing and coming up with new ways. I buy courses, do research, network and find out what others are doing. This business is ran by marketing and how well, often and effective you do it. I say just try to get out of your box, get creative and always aim to learn more.
Hope this helps. :smile
Here are some best tips for you:
Tip #1: Think Big
If buying a 5-unit apartment requires you to get commercial financing, which is more of a hassle, then why bother? I would recommend buying properties with at least 10 units. Remember that the more units you buy, the cheaper they are per unit. Also, Dave Lindahl has been quoted as saying, “It’s no harder to manage 50 units than it is 10.”
Tip #2: Take Your Time
Commercial deals take longer than single-family houses do. They take longer to purchase, renovate, and get sold. This is not necessarily a bad thing, but something to keep in mind so that you don’t get impatient or rush into a bad decision. Think of commercial deals as big bonuses or your retirement vehicle, not a way to create quick cash to pay the bills.
Tip #3: Don’t Choose Apartments By Default
There’s nothing wrong with investing in residential apartments per se. I’m just pointing out that since most investors are already comfortable with residential property, they tend to look for apartments without considering the other types of commercial property, such as office buildings, industrial, mobile home parks, land, etc. Weigh all of these property types and choose your own niche based on whatever will help you reach your unique goals, regardless of your comfort zone.
Tip #4: Be Prepared to Spend a Lot of Time at First
Fight the temptation to get discouraged if you haven’t done your first deal yet, or if you are spending more time per deal than your previous ones. Houses are so similar that it’s easy to make a cookie-cutter system for buying and selling them. When I begin looking for commercial properties, I was surprised at how long it took me in the beginning to screen deals and make offers. Just remember that there is a learning curve, like with anything else, and that things will go faster over time.
Tip #5: Learn the new formulas
If you’re buying houses, you may use certain formulas, like buying at 75% of After-Repaired Value, minus estimated repairs. Commercial property will have new and different formulas to get used to, such as Net Operating Income and Cap Rates. Learn what is considered good in your area and get familiar with them when making offers.
Tip #6: Relationships Are Even More Important
Relationships with other investors and private lenders are important when buying houses, but they are even more so when buying commercial properties. For one, properties costing a million dollars or more are probably within the financial wherewithal of most of us individually, so you probably have no choice but to get to know and work with partners. Also, many commercial properties are sold without being listing first, so the more people in your network who know what you’re looking for, the more deals you’ll find.
I like this thread and learned great ideas for real estate marketing. I am very impressed with all these posts. Thank you everyone for sharing great tips.
First have some money saved up to make it for maybe six months or more without a commission, or keep your day job for a while. While becoming a real estate agent part time may not have been your plan, you need to have the ability to pay your bills while you get started. Unless you have some family members or friends ready to buy a home, you can go for many months without an income when becoming a real estate agent.Becoming a real estate agent is just the very first step in a long (you hope) career of working with buyers, sellers, investors, appraisers, loan officers, mortgage brokers, inspectors, title companies and others. Start out right by finding a good contact management system in which you’ll enter all of these contacts and prospects.
Proper marketing is the best way to increase your real estate business. You can also spread your contact to other property agents who are far from your city. This will help u getting clients who are relocating to your area.!
5 steps to market your Maximum Real Estate Websites
Create an executive summary for your real estate business
Identify your team
Consider other real estate companies
Identify your customers
Define feasible steps you will take to promote your business
Create a working budget
Best Real estate marketing techniques are:
Focus on your niche market.
Start focusing on learning how to create advertising that multiplies itself instead of paying for itself.
Get on the Web with a Money Making Website
Let Your current Clients to lead you to your NEXT clients.
Offer informational content to your audience
Get Social as it is the one of the marketing tool to create your presence among your audience.
If you need any help in marketing a real estate business, let me know.
I will help you
Thanks
Social media platform and Home improvement related sites like Gradenweb, Houzz, Zillow, Hometalk can be the best place to promote your business.
Passive Marketing is always a source- Find a way to get your mesg out there. 65% of Real Estate Investing is Marketing.
After reading some of the other comments here I would say some people have some good input. As I have direct experience in marketing I would have to say that consistency is very important. Not only do you need to get your message out over and over but you need to get it in locations where your potential buyers or leads will be.
Once you know where they are its best to put your message in those places over and over. This may take a lot of trial and error but you may get a just what you need from the start.
Good Luck, Here’s to your success :beer
Customer satisfaction is must. If they are good with the property they can refer to other peoples and doing some marketing activities.
Just focus on fallowing topics:
Social networking marketing
Build relationships with people
customer satisfaction
local market
:cool
Fully admitting that I did not read every tip previously mentioned, I second what has been said before. It all works, if you are consistent. I will add one more. Track your efforts and their returns. No need to continually throw money at something that will only garner 1-2% return in your market if you know you can get 10-11% return with another strategy in your market.
From above comments, i learn some more different tips apart from my knowledge which will surely help me in real estate marketing business. Thank you guys for sharing your helpful views over here.
Online Marketing is the powerful technique which can give frequent leads to you
Thanks for sharing these useful tips for real estate marketing. Email marketing is another option for promoting your real estate business.
:bobble Agree with all the people here, just more the reputation of your company is really important.