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9 Replies Last post: Jul 22, 2008 11:07 AM by Iwrite

Is radio and/or print advertising effective for real estate marketing?

Jul 21, 2007 6:58 PM

Click to view Housing Deals's profile Founders Housing Deals 8 posts since
Jul 20, 2007

We are a real estate company that buys, sells and leases homes. We have historically relied upon online advertising, as well as word of mouth and a variety of referral sources in our local area. We are ready to expand our business, and would like to explore additional marketing options. Is general radio and/or print a cost-effective way to market our services in our local area? Does anyone have any ideas for the marketing costs per lead that I can expect?
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Click to view WhiteBrow's profile Founders WhiteBrow 21 posts since
Jul 21, 2007
1. Re: Is radio and/or print advertising effective for real estate marketing? Jul 21, 2007 8:29 PM
I am not in the real estate business, but as a home owner that lives in a hot real estate market you may want to consider advertising your services in local neighborhood real estate newspapers. In our city, the entire neighborhood gets canvased each week with a "homes" newspaper which advertises the upcoming open houses, mortgage services, and also general contractors for home services. It's well read in our area.
Click to view score81's profile SCORE score81 76 posts since
Aug 6, 2007
2. Re: Is radio and/or print advertising effective for real estate marketing? Aug 7, 2007 4:57 PM

Print is always much effective then radio. Because most people have chance to look at your advertsement. Radio, you hope he is listning at the time your ad is on the air, and it is big if. I will suggest adding third option email blast. It is cost effective and very useful to get the attention of your clint. Build up your client list then blast them with email once a week or once a month.


Combination of email and print can be very effective then any other combination. marketing cost depend upon how much and where you want to market your product and media. Combination of this gives yo average number per lead.

Click to view Lindsay's profile Start-up Lindsay 2 posts since
Oct 11, 2007
3. Re: Is radio and/or print advertising effective for real estate marketing? Oct 11, 2007 11:10 AM
If it is a question as to which is the most effective, there is no question that newspaper out pulls radio by a huge amount. However, newspaper advertising, (and I'm assuming the vendor is paying ????) is less effective than signs and personal contact. However, newspaper advertising establishes profile (and some leads) which will drive your listing process.

By far the most effective way to market realestate agencies is a broad program of local community involvement, with each agent focused on one specific managable geographic region.

Information kits are a very powerful wat to get initial contact.

I have just yesterday posted an article on realestate marketing on my blog site with links to some very good articles...

http://stuff4business.com

If you browse around my site you will find bucket loads of FREE fully illustrated low cost marketing methods that you and any business owner will find very profitable.

Kindest regards
Lindsay R. Polson
Click to view Housing Deals's profile Founders Housing Deals 8 posts since
Jul 20, 2007
4. Re: Is radio and/or print advertising effective for real estate marketing? Oct 12, 2007 1:00 PM
in response to: Lindsay
I visited "Great Advertising and Marketing Ideas for Real Estate Agents" and it was great. I agree with Jay who provided a comment that you have a great site and offer great information for small business. I'm going to do some thinking about how I can offer some "surprising" premiums to our services and properties. Thanks so much for the response...
Click to view NTComputers's profile Start-up NTComputers 1 posts since
Oct 10, 2007
5. Re: Is radio and/or print advertising effective for real estate marketing? Oct 12, 2007 4:03 PM
IMHO, print and internet advertising is more effective for real estate marketing than radio. A client of mine tried advertising on the local radio and didn't get much response from that. He kept track of how his business leads were coming in and to our surprise, the radio leads were last.
Click to view wealthpro's profile Professional wealthpro 14 posts since
Oct 16, 2007
6. Re: Is radio and/or print advertising effective for real estate marketing? Oct 16, 2007 11:06 PM
Do you stay in touch with your past clients? A couple of years down the road, would your past clients remember who they did business with? Have you given them a reason to do repeat business with you?

There is an way to create a greeting card campaign that will send out real greeting cards through the mail for as little as 62 cents. You can set the campaign to send cards on birthdays, anniversaries, holidays, etc. You could ask for referrals too. Everything is done from your computer online, but the greeting cards are sent through the postal service. You can even use your own handwriting font and upload your picture and/or a scanned image of your business card

With this same system, you could take a picture of a family in front of their new home that they just purchased from you and upload it and have it printed on the cover of the card. You then offer to send the card out to your client's contacts to let them know about the new house and the change of address. Of course your business would be mentioned inside the card.

Greeting cards are more likely to be read than postcards. Many realtors are using this system, you should try it out.

David Simons
www.cardsguy.com
Click to view 1250radio's profile Professional 1250radio 5 posts since
Jul 15, 2008
7. Re: Is radio and/or print advertising effective for real estate marketing? Jul 22, 2008 9:21 AM
You can look at this question and have several different opinions. For instance, did you know that newspaper sales are falling fast with electronic media being the method some people get their news and information. Radio, on the other hand, can be very effective if you purchase your spots during morning drive (5:30-9:30 am) or noon news. Local news is ideal. However, you may have to wait in line for that. Stations that have good local news and live deejays out do other stations with no local news or network only news!
Believe me, local news is THE most important service radio can offer it's market. It's a ratings grabber and you do not have to wait until your ad gets published. Most stations can produce a great commercial in shorter time and have it on their website faster, too.
Having sold estate, the pictures in the newspapers & trade publications are too small or grainy to be as effective as on the radio along with an audio stream! Local radio + local news = huge listenership and successful advertising.
Click to view hsventures's profile Professional hsventures 3 posts since
Jul 22, 2008
8. Re: Is radio and/or print advertising effective for real estate marketing? Jul 22, 2008 10:20 AM
Hi,

I love this question. I'm a freelance marketing consultant for small businesses and the most fun I've had in this job was for a real estate company.

Everyone has a different opinion of radio and print. Personally, I almost never recommend either to my clients. Typically the business owners I work with have a tight marketing budget and can't afford a mis-step.

Let me tell you what has proven successful for me and hopefully it'll work for you.

  • A 24 hour property hotline advertised on the real estate signs with a rider.
  • An optimized website that is designed to grab email addresses in exchange for free reports.
  • Event marketing advertised with press releases.
  • Purchased a used moving van and had the sides logo'd. Offered it for free to every client.
Some quick explanations of these:

  • The 24 hour hotline is something I set up using the client's phone system. We bought another line with a catchy number (used the last four S-A-L-E). When a client drives past a home, they see the hotline number on a rider that essentially tells them for more info, they can call 24 hours a day. When they call, they press the extension number for the property where they'll hear all sorts of info as well as receive the cell number of the listing agent. They also have the opportunity to listen to info about more houses, leave a message for the listing agent, request free reports, etc.

  • Websites should offer free reports (bullets are the best - "10 Things to look for....) in exchange for joining the email list.

  • By far, event marketing is the crown jewel. Partner with local charities and create an event around their needs. Write a compelling press release and blast newspapers, TV and radio. I've done everything from collecting food for the food bank to handing out free school supplies to offering free 5x7 photos of kids at Halloween. I've not only NEVER had a press release rejected when working in conjunction with a charity, I've been picked up for free TV exposure and every single event has been a huge success and lots of fun.

I wish you luck!
Click to view Iwrite's profile Mogul Iwrite 786 posts since
Dec 29, 2007
9. Re: Is radio and/or print advertising effective for real estate marketing? Jul 22, 2008 11:07 AM
I am going to zig where everyone else has zag.

The answer is both and neither.

You are not dealing with buyers or sellers or renters - you are dealing with human beings. No one medium will allow you to reach them all, and your message is different for each.

Think about like football:
  • You may have the best quarterback in the world but your offensive line is weak. No matter how good he is, if he spends most of his time on the ground, you'll never score.
  • Now, if you have the same quarterback and build a great offensive line that can stop a tank, giving the quarterback time to run the play and your receivers can't catch and your running backs can't run - you still can't score.
  • Improve your receivers and running backs, and your existing team becomes a powerhouse on offense.
Even with limited dollars, you need to build a mix of media - print, direct mail, mobile, outdoor, tv, radio and internet. They each have a strength but they also have a weakness, but combine them and they will cover each other's weakness - allowing you to score more often and more easily. You should not use all of them but you should use more than two. Think about where the people are you need to talk to and find which medium best reaches them.

I hope this helps. Good luck. Find a neutral voice to help advise you.

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