Online Marketing Traps to Avoid for Real Estate Investors
Online marketing is clearly one of the most cost effective and rewarding channels for real estate investors searching for buyer and seller leads today but it also comes with many pitfalls. What mistakes and traps should you be avoiding for getting the most from Internet marketing and your real estate business?
1. Not Closing on Social Media Opportunities
Yes, social media is for providing valuable content and attracting followers and a hard sell pitch doesn’t always work as it does with traditional, direct response forms of marketing but this does not mean you shouldn’t be trying to close deals with it or that it can’t produce real leads incredibly quickly. Many others are making big bucks with social media and generating real customers and sales and real estate investors should be too.
2. Underestimating the Importance of Social Media
It isn’t just the immediate lead generation opportunities that real estate investors are missing out on from social media. You don’t have to love or use every form of advertising just because it works. However, the real power of social media for real estate investors is being able to reach so many more prospects for less money and then being able to market to them over and over again for very little.
3. Skimping on Content Marketing
Unfortunately it is easy for new real estate investors to be lead astray with so much bogus and outdated online marketing advice out there today. Most notably this comes in the form of those still selling article spinning software and suggesting the right strategy is just to flood the web with low quality, keyword saturated content. Those who have been paying attention will know that Google has already made several changes in the last couple of years to penalize those using this type of approach and is rewarding those with fresh original content with better rankings.
4. Allowing Online Marketing to Become an Expensive Distraction
Becoming a little savvier about Internet marketing is smart. What isn’t smart is spending the next 12 months mastering it and less time actually flipping houses. What yields the best return on your personal time? Delegate your online marketing to someone who specializes in it and do what you do best and makes you the most money.
5. Poor Follow Up
Once you get a good online campaign running it can be difficult to keep up with all of the leads and phone calls. Don’t let great leads go to waste. Automate your follow up systems and streamline your processes.