The State of Real Estate… blogging

[photopress:coastal_tree.jpg,thumb,alignright]Inspired by Robert Scoble (and as part of my ongoing series on real estate blogging advice) I thought it would be a fun to interview some of my favorite real estate bloggers.

Along these lines, I emailed 10 questions to the dozen real estate bloggers who have most inspired me. I’ve already received some wonderful responses, so this endeavor should be a lot of fun. My plan is to release a new response each day, so keep coming back for some more Q&A fun!

The purpose of these questions is to better learn from the experience and get a vision of the future from each of these innovative bloggers. With real estate blogging (and business blogging) developing so quickly, I think this set of interviews will offer an interesting time-capsule into a genre that is sure to see new players and major changes in the near future.

Each of the interviews will be posted under the Real Estate Q&A category!

7 Tips for Marketing Your Real Estate Blog

[photopress:poodle.jpg,thumb,alignright]As a real estate agent, Anna gets 100’s (maybe 1000’s) of letters and emails every week from companies that would love to do her marketing for her. However, we’ve never once used any of these services because I strongly (pigheadedly?) believe that if there is one thing a real estate agent should be good at, it is marketing.

Along those lines, Anna and I have done all of our own marketing. We’ve created all our fliers, CMAs, postcards, brochures, websites, logos, photos, etc.. This may have taken some more time than if we just paid someone to do the work for us, but as a consequence of our hard work we now know exactly what it takes to do something right. I like to think that the high quality of our work products reflects the tremendous amount we’ve learned!

With that said, I’m writing this post under the assumption that you are going to build and market your site yourself. You’ll never be a good blogger unless you know just how hard (or easy) it is to add a link, feature, or feed! You’ll never know just how hard (or easy!) it is to get a good google ranking unless you do the work yourself. (“Impossible!” you say… I say “It is definitely possible” and if you check back in a few days, I will supplement this post on marketing with a post on building a real estate blog using WordPress in this continuing series on blogging advice for real estate agents. Building a blog is not easy (or hard?), and I’ve been taking notes on a possible how-to build-a-blog post post ever since Andy requested it in this blowout, spectacular post.)

Without further ado, here are seven tips on marketing your real estate blog:

  1. Linkation, Linkation, Linkation
  2. Personalize your site! Just about every blogging software comes with templates that can be easily edited to personalize your site. Add some photos and some text about yourself. Sites that have not been personalized are boring to read! Great content is good, but it needs to be presented well to become great! Make things colorful. As much as I enjoy it, real estate is not the most exciting topic in the world, so make it colorful. Have fun!
  3. Leave Comments. Leave comments on other blogs. I happen to know that many people find out about my blog because I leave a comment on their site. I don’t want to give away too many tricks ;), but blogging has opened up tons of free ways to find and interact with people who might be interested in the real estate services that you provide.
  4. Use Trackbacks. When you write an article that links to another blog, most blogging software is set-up to “ping” the other site. Should the other blogger allow it, a link back to your site will appear in the “trackbacks” section under their article. It is a nifty feature, that can easily be abused. If you want site owners to let the trackbacks show up on their site, then make sure you’re adding something of value to the conversation!
  5. Personalize your content. Don’t waste (too much?) time on your blog displaying your listings. That stuff gets old quickly and most people reading your blog will quickly tune it out (if they even continue to read!). Instead write about your local market conditions, or local/national news, or real estate search, or whatever interests you… Or better yet, have fun and think up things like nominating yourself for an award that you are guaranteed to win! Most importantly, make sure that the content interests you, because if it doesn’t interest you, I can guarantee that it won’t interest your readers!
  6. Read other blogs. For marketing information, start with these three blogs: Real Estate Marketing Blog, Seth’s blog, & Matt Cutts. These guys all cover wildly different ground and before you know it you’ll be using the web marketing lingo like SEO and Viral Marketing. (Now that I’ve said these terms, I should probably explain them… SEO stands for search engine optimization and refers to the practice of improving your site so that search engines will locate, like and link to your site. Viral Marketing refers to the very subtle (and quite tricky) practice of creating buzz (and traffic!) to your site without using standard marketing tools.
  7. Love RSS. Why? Because people are lazy, so make is easy as possible to read your blog.

(L-P-L-U-P-R-L… hmmm… )

Want more tips on running a real estate business? II highly recommend Paul Hawken’s Growing A Business. His writing is extremely easy to read and he gives lots of memorable examples from his experience building up Smith and Hawken And best of all, he writes without including all the hype of a typical business-advice book. Just good solid ideas about how to differentiate your business by concentrating (and building upon) your strengths as oppose to spending time worrying about the competition!

On a related note, Anna asked me last night why I was giving so much advice to potential competition. I guess that goes to show that I still have not completely brought her around to my world view yet. In my world, I spend a lot of time thinking about creating interesting content and almost no time worrying about the competition. I’m of the opinion that real estate agents who spend their time worrying about other agents will be smacked up beside the head by some very tech savvy competition in the near future!

By the way, if you are an agent that would like to see me cover any additional topics, let me know. The two ideas that are still on my list are (1) how to build a real estate blog and (2) types of real estate posts…

Linkation, Linkation, Linkation

(I enjoyed writing my previous article on the reasons that real estate agents should blog, and it got me thinking about all the other bits of advice I’d like to share with real estate agents… I have a bunch of ideas, many of which are still only half-baked, so I’m looking toward your comments and suggestions to see where I should take this mini-series on blogging basics for real estate agents.)

What are the three most important factors in determining the value of real estate?

  1. Location
  2. Location
  3. Location

grow-a-brainWhile this well worn mantra forms a fundamental building block of real estate value, the concept of location is nearly irrelevant in the on-line world. I’m located in Seattle, WA, the servers hosting this site are in Santa Monica, CA, and you could be reading this from anywhere in the world.

If you’re an agent thinking of moving on-line, there are a bunch of real estate fundamentals that you’re going to want to relearn if you are going to be successful. I’ll start be revising the well-worn mantra to make it relevant on-line…

What are the three most important factors in determining the value of your real estate site?

  1. Links
  2. Links
  3. Links

And just as all locations are not created equal, not all links are created equal.

If you’re looking to build up a website that ranks well with search engines, then you’re number one focus should be on getting high quality inbound links (i.e. other sites linking to your site!). In particular, you want to build up as many inbound links from popular blogs and websites as you can. It’s common knowledge that 3 high-quality inbound links are more valuable than 1000 links from lame link farms… You want links into your site, but more importantly, you want quality links into your site!

Note that you do not get any search engine benefits from outbound links (links from your site to other sites). At best, outbound links won’t affect your ranking and at worst, they can seriously damage your ranking should you link to spam sites. In other words, if you’re linking to quality sites, you’re fine… If you’re linking to spam sites, you can expect the search engines to label you as spam.

Since there’s no benefit to outbound links, does this mean that you should not link to other sites?

No Way! Quite the contrary! Linking to other sites is critical to building up your site’s credibility with other bloggers. Join in some of the wonderful conversations that makes up the web and you’ll likely find that more and more people begin to link to your site. Find a blog you really like and then write articles about their articles! Link back to them and you’ll be surprised how quickly they start linking back to you! It’s actually a lot of fun to be part of this process.

There are very few sites that can build up credibility without linking to other sites and if you’re reading this blog looking for advice, you are probably not one of them. My advice to new bloggers: link… link… link… and link some more. Link to a blog saying something nice about their site, and there’s a pretty good chance they’ll link back to you!

So why are links so important

Links are the lifeblood of the web. The search engines rely heavily on links to determine how to rank your site. And more than any other factor, the rank of your site on search engines determines the value of your site. Granted, if you’re writing a blog for personal reasons, then you might not care how many people reach your site via search engines, but if you’re blogging to get clients, then you’re sites success depends on your how you are ranked by Google. Ranking high on Google searches generates web-traffic which generates leads which generate sales.

There are other ways to generate web-traffic, but none of them are as cheap and/or effective as generating leads through searches. (This site has a nice overview of how of how search engines work!)

So, all of this leads to an obvious question… How do you generate inbound links? Check back in a few days. I’ve got a bunch of ideas/thoughts on this subject. I’ll try to gather my thoughts and turn them into a post!

On a related note, I get asked by other bloggers on a regular basis if it is okay if they link to Rain City Guide. My answer is always “Yes”. I love links! Any business blogger who refused a link would be nuts.

7 Reasons for Real Estate Agents to Blog

A recent conversation on Tribe got me thinking about my experiences with being a real estate blogger. Here are my seven reasons real estate agents should consider blogging:

  1. Fun. I really enjoy the many conversations that I’ve had with real estate professionals from all over the world that would never had taken place had I not started this blog!
  2. Expertise. By simply writing about real estate and your local community in a public forum (like this!) you become an expert. Anna gets emails and calls from people on a regular basis asking for her opinion on real estate issues. I’m a transportation engineer, but even my opinion on real estate issues holds some weight! For example, someone from my wife’s corporate office recently called to get advice on how to better use technology in real estate.
  3. Trust. A client recently told my wife that he completely trusted her advice because of the honesty in her writing! That’s darn near impossible to get with a regular website.
  4. Knowledge. I follow local news, national news, local blogs, real estate blogs, tech blogs, etc, because I feel a responsibility to my readers. Maybe you won’t feel that internal pressure, but it definitely drives me to ensure that I’m up-to-date on real estate news.
  5. Ranking. Because of all the unique content, we get hits on all kinds of unusual real estate searches. In addition, because we’ve gotten some links from some high-ranked websites (mostly other blogs), her site ranks really well when compared to most real estate sites. Additionally, on typical real estate searches like “Seattle real estate”, we’re ranked very high (#7 on Google) for such a new site and I know that we’re beating out sites that are spending $1000s a year on marketing their site.
  6. Cost. Compared to most marketing techniques that agents are using, blogging might as well be free. I pay $100 a year to host this site. That’s it! The cost of blogging is measured in time, not money!
  7. [photopress:Sasha_Drawing_1.jpg,thumb,alignright]

  8. Potential. Rain City Guide is not even 10 months old yet. Give us two or three years of blogging, and we’ll easily be the most popular real estate site in Seattle. Ideally, the site will continue to grow as the web technologies evolve and more perspectives are added. I’d love to do more podcasting and videoblogging. I’d love to have someone document the building or remodeling of their home. I’d love to have some more real estate agents blogging about their local areas (Seattle, Bellevue, Redmond, etc. neighborhoods). I’d love to have someone take on some more analytical issues (Tom?). There are so many interesting ways that Rain City Guide can evolve that I feel like we’re only touching the surface of it’s potential.

When I look into my crystal ball to see the future of real estate blogging, I see one or two real estate blogs in each major city that have really captured the local market by having a group of prolific real estate professionals (agents, brokers, lawyers, etc) writing about local issues. I see people turning to these blogs to get unique and personal perspectives on issues like moving, building, buying and listing. I don’t think you’ll be surprised to hear that that is where I plan on taking Rain City Guide!