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Getting the Most From Paid, Low-cost, and Free Online Classifieds

Editor's Note: This is Part II of a four part series: All About Online Classifieds If you missed any part of the series, you can read it here:
Part I: Why Classifieds Have Migrated to the Internet
Part III: Writing Effective Online Classified Ads
Part IV: The Best Classifieds Online

Kevin McCourt, director of real estate and online classified advertising for the Newspaper Association of America (NAA,) is committed to seeing that newspapers continue to enjoy the revenues from classifieds. To that end, he teaches Realtors how to get the most for their money.

"Newspaper advertising is the single largest marketing expense Realtors have," says McCourt.

He advises Realtors to begin learning about classifieds by putting a trace on what happens when you place your ad. Start by meeting with your newspaper ad sales representative and find out what rates, packages, and products are available. Then follow the thread of where your ad will be viewed.

To see a representation of newspaper classifieds, browse bonafideclassified.com, and you will see how classifieds should look online. This site is a service of your local newspaper and the NAA. A shortcut to the ads can be found on Newspaperlinks.com. To see how your ad will look in your local paper and online, click on your state and metropolitan area. A list of participating newspapers will appear. Click on your paper and then go to the real estate/classifieds section.

Typically, your paper will publish classified ads locally, and again with a regional affiliate which may be part of a classifieds warehouse service. The warehouse service, such as Classifiedswarehouse.com, will republish the ads through a search engine partner such as Lycos.com.

Another avenue is state exposure. The Pennsyvania Newspaper Association, for example, runs a collective for many papers. "Before you spend your money on low-cost online advertising, find out what you are already getting through your local newspaper package," advises McCourt.

There are two ways a home can be represented online - the extension of a print ad, a display or a column ad. The second is the consumer view of an MLS listing on the local MLS or national listing partner site such as Realtor.com. This is accomplished tlhrough a distribution agreement through the local MLS. Many newspapers have this arrangement with their MLS.

McCourt suggests that the Internet-enabled Realtor make the most of print and online ads by making them work together.

"If you have the typical print ad for an open house, it describes where the property is and key features, painting a picture of what it is like to live there," explains McCourt. "Then there is a call for action. "Come between 2 and 4 on Sunday. Directions? Call me."

"Then online, you have the MLS data, color photos of the home and mapping on how to get there. In most cases, they don't work together. If the print ad, whether it is in print or online, what if that had a button that said click here and see the listing? That will move people to be engaged."

"What if you could search the online listing and find six other homes that meet your criteria and show the ones with an open house? If I as a Realtor brought you that current inforamtion, wouldn't you want to use my services? As online marketing matures, the best are going to use their print ad to drive undecided prospects online to get more information about the Realtor's listing," predicts McCourt.

One real estate conglomerate has already thought of that. Classified Ventures, Inc. has a service for local newspaper affiliates called HomeHunter which publishes classified ads and MLS data for the local affiliate, combined with local community information, effectively bridging the newspaper to the Internet. The company also has web site programs for agents and brokers, and an opportunity for participating agents to be part of the site's directory.

Director of strategic planning Christian Hicks, explains, "The resale market is highly localized. Three-fourths of people move within 50 miles of their previous home. Local agents are looking for a product to help them locally."

What Is Your Ad's Purpose?

One of the biggest misconceptions about online marketing is that you want to use every opportunity to drive page views on your web site(s.) The purpose of an ad is to get a qualified prospect to call or e-mail the Realtor. Page views aren't leads; they are simply perks along the way. If you don't get a phone call or an e-mail, you don't have a lead.

Decide how you want people to reach you and be reasonable in your response. Most people with e-mail check it at least once a day. Many online consumers, however, expect a response within an hour or two. "Take all the contact infomaiation that you give to prospects and test it. If you call your office and ask for yourself, you might be very surprised at how your call is handled."

Be practical in your contact information in print and online. The contest winner is not who has the most contact points on his or her business card, it is the Realtor who can respond the most effectively, in a timely fashion, with the information requested by the consumer, with a little more information thrown in for good measure.

Don't Spend More, Spend More Wisely

So how can you make your online advertising more effective for your bottom line?

McCourt says do the following:

  • Know the environment in which your ad is going to appear.
  • Be sure every ad includes key information, essential are: location, number of bedrooms, baths, price and amenities.
  • Use clear contact information that makes sense for a prospect to respond.
  • The typical homebuyer uses 4 1/2 sources of information to find a home. Be sure that you don't limit yourself to one kind of advertising.
  • Build a relationship with your newspaper advertising representative, so you can educate yourself on how to best use your paper's services and products.
  • Don't write your ad on deadline. You don't do your best work on deadline unless you're a real pro.

Editor's Note: This is Part II of a four part series: All About Online Classifieds If you missed any part of the series, you can read it here:
Part I: Why Classifieds Have Migrated to the Internet
Part III: Writing Effective Online Classified Ads
Part IV: The Best Classifieds Online

Published: December 10, 1999

Use of this article without permission is a violation of federal copyright laws.




Blanche Evans is the award-winning senior editor of Realty Times, the Internet's leading independent real estate news service. She is featured daily on the Realty Times Video Network in the "Realty Viewpoint" segment.

Blanche has been named one of the "25 Most Influential People In Real Estate" by REALTOR Magazine, and has been twice recognized as a "notable." In 2005, she was named "Top Reporter Covering the NAR" by Delahaye-Bacon's.

Blanche is a renowned author of five real estate books. Her newest, Bubbles, Booms and Busts: Make Money In Any Real Estate Market, McGraw-Hill, was rave-reviewed by The New York Times. She was also selected from hundreds of real estate experts to contribute to Donald Trump's book, Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies, Rutledge Hill Press, and is featured on page 68.


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In 2006, Blanche was selected among scores of candidates to author two consumer real estate guidebooks for the National Association of Realtors: The NAR Guide to Home Buying, and The NAR Guide to Home Selling, Wiley & Sons. She is currently planning two new books for the NAR and its members.

     

Known for her keen insight into real estate industry issues and for her ability to make complex subjects easy to understand, Blanche is a sought-after keynote and continuing education speaker. Real estate organizations from MLSs, to brokerages, to franchisors, to associations hire her to provide up-to-the-minute analysis of real estate industry news and advice on how to improve revenues. Her passionate delivery, peppered with stinging wit, is a huge hit with audiences and fans.


Don Klein, CEO Greater Nashville Association of Realtors, Blanche Evans, Richard Courtney, president 2007, GRAR

"The GNAR membership meeting last week featured Blanche Evans as the keynote speaker. Her comments and insights resonated extremely well with those in attendance and we have had many requests for copies of her PowerPoint Presentation. She was a terrific part of the membership meeting and convention program!" - Don Klein, CEO Greater Nashville Association of Realtors

Coverage from WSMV, Nashville - 8-14-2007

That Interview Guy - Get Inside The Head Of Today's Generation
2007 AE Institute Session - To purchase
2006 AE Institute Session - Parts 1 2 3 4 5 6 7 8 9
HouseValues Mastermind call - Parts 1 2

Blanche's fireside chat with Jeremy Conaway, HAR - Click here.

To contact Blanche, email her at .

For more articles by Blanche, click here.







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