| January 20, 1998 |

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John Peckham is a one-man real estate operation. Last year, he sold $10 million in real estate without spending a penny of print advertising. So what's the secret of a man who works alone in a Boston office (called Peckham Boston Advisory Company) without a secretary, relying only on his cordless headset and six telephone lines? The Internet. Sure, we've heard all about how cybertools work wonders, but Peckham's got the numbers to prove it. "I'm selling more now than I did with 10 to 15 salespeople, back in the days when I owned Data Realty the company Peckham sold in 1980," he says. He's so convinced of the merits of online promotion, in fact, that Peckham started a year and a half ago the Real Estate Cyberspace Society, one of the country's fastest-growing real estate organizations. The Real Estate Cyberspace Society currently has 1,000 members all over the world. Peckham has been a disciple of technology since 1963, when he formed Data Realty Corporation. In those days, his technology of choice was an IBM key punch and sorter. Since 1963, Peckham has witnessed first-hand the evolution of technology and has harnessed it in its various forms to sell more than $1 billion in real estate. The author of several books, Peckham has a syndicated column, "Selling in Cyberspace" that appears in several publications, including the New England Real Estate Journal and the Florida Real Estate Journal. He recently spoke with AgentNews Managing Editor Courtney Ronan about his predictions for 1998 -- where technology is headed and the effects it will have on the business transactions not only of Realtors, but the business community as a whole. A.N.: When did you first discover the potential of the Internet as an effective marketing tool? A.N.: Give us an overview of the Real Estate Cyberspace Society -- how and why you started it, and where it's going. A.N.: Besides simply having an Internet presence, how have you marketed the society and gained membership? Is it strictly word of mouth? What's drawing people to your organization? A.N.: Do you target computer novices as well as experts? A.N.: So tell us what we can expect in 1998. What does technology hold for us? "And this goes beyond just listing a property on your site -- many other things will have to be done to market agents as cyber-savvy," Peckham adds. He knows of one agent, in fact, who distributed to his clients -- both established and prospective -- an America OnLine disk entitling them to 30 days of free service, so that he could update them on various developments or the progress of his home-selling efforts and leads via a personalized Web page for each client. That strategy paid off; the agent conducted 500 transactions in one year. With that innovative philosophy in mind, the Cyberspace Society gives each of its members a list of eight to 10 tools, such as digital cameras, that they may use to point people to their sites and hold their interest.
"The trend toward fewer and fewer agents controlling more and more of the business will become more apparent," Peckham says. "Those of us who are using cybertools will not only be earning more money; we'll be having more fun." If you're interested in finding out more about the Real Estate Cyberspace Society, either check out the society's Web site at www.recyber.com; or e-mail John Peckham at bostonjack@earthlink.net. |
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