The Commerce of Social Networking...need your help!

By
Real Estate Services with Yellowbook

Hello, I have been tasked with presenting the benefits of social networking to my peers at an upcoming sales meeting.  Beyond just reconnecting with old friends, colleagues and classmates; how can someone use these social networks to actually grow their business and make $$$??

I have a good understanding of what AR can do for someone.  In a nutshell, the blog creates relevant "local" content and provides good "Google juice" to help a Realtor present themselves as the local area expert on the web when people are searching for a new home.

What I'm uncertain about is how Facebook, Twitter, MySpace etc can be used to promote a business, product or service.  I have some suspicions but would like to hear from the AR community.  How are you using these sites or how do you envision the model developing over time??

Thank you in advance for your input!

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Topic:
Real Estate Technology & Tools
Groups:
RealEstateShows.com Users

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Anonymous #4
Anonymous
Carlos Carpio

Have you heard of Sponsored Community Marketing? Exciting stuff for anyone involved in new media. Email me directly if you want. I work for the Yellow Pages Group in Canada (carlos[dot]carpio[at]ypg[dot]com]

December 10, 2008 10:21 AM
Rainmaker
83,627
Kathleen West
Flagler County & Palm Coast Realtor
Trademark Realty Group of Palm Coast

Below is a link for an article my husband wrote on this subject to help some local businesses understand this.  He's done quite a lot of online advertising for us through some of these channels and it has worked well.

Click here

 

Kathy

December 23, 2008 09:12 AM
Rainer
21,773
Pederson Properties Inc.
HK Lane La Quinta & Prudential Maui Realtors

Rochelle, great question!! In fact we're still trying to figure that out;)

...As a new member of Twitter it seems like a great venue for businesses to market what they've got - coffee shops can promote specials or 'coffee's of the day', retailers can promote 'twitter' discounts, realtors can post blogs/listings etc. - Myspace in my opinion is #1 by far because of it's HTML & profile viewing freedom. You can really create your own "space" & keep your companies look & feel. It's easy to navigate & you have the choice to keep your profile as private or public as you want.  Realtors can showcase their listings in photo albums & in bulletins, blog and join as many groups as you want - amongst other great things!

In a nutshell I think it all just comes down to exposure!

Pederson Properties

December 27, 2008 03:04 AM
Rainer
15,459
Christine Emmick
Freelance Writer

Rochell, As the others have said, this is a great question. Let me just say I initially felt that Facebook had more potential as a business marketing tool than mySpace, but as my time with Twitter, Facebook and mySpace expands I see all of them in the same category. They are simply a way to get your name and face out there.

January 20, 2009 08:24 AM
Ambassador
715,019
Mike Jones
Mike Jones NMLS 223495
SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171)

Rochelle,

I just found your group RealEstateShows.com Users and came by to see if you're still active in the Rain.  I've joined the group and look forward to learning from the rest of the gang.

Mike in Tucson

March 23, 2009 05:43 AM
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Rainer
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Rochell Heininger

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