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

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Services for Real Estate Pros 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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Rainmaker
86,210
Kim Barber
Realty Executives - Phoenix, AZ

This isn't really related to promoting, but rather potential success, look up your clients on facebook to give you a better perspective of what they're all about.

Dec 09, 2008 03:10 PM #1
Rainer
3,038
Rochell Heininger
Yellowbook - Pittsburgh, PA

Thanks Kim, there does seem to be an unwritten rult that blantant self promotion is frowned upon in social networks.  People want to "buy" not be "sold".  This is a good point, using it to help uncover potential client hot buttons, needs, interests.  Allows you to connect on a deeper level.  Good!  Keep em coming!

Dec 09, 2008 04:28 PM #2
Rainmaker
104,848
Grace Keng
Keller Williams Realty Cupertino - Cupertino, CA
CRS, CDPE (408) 799-8887

Social networking needs to be soft and subtle... Like to join a club, be nice and show up. Day in and day out the people will find you as a good realtor.

 

Dec 09, 2008 11:08 PM #3
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]

Dec 10, 2008 10:21 AM #4
Rainmaker
83,974
Kathleen West
Trademark Realty Group of Palm Coast - Palm Coast, FL
Flagler County & Palm Coast Realtor

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

Dec 23, 2008 09:12 AM #5
Rainer
21,773
Pederson Properties Inc.
HK Lane La Quinta & Prudential Maui Realtors - La Quinta, CA

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

Dec 27, 2008 03:04 AM #6
Rainer
15,459
Christine Emmick
Freelance Writer - Wall, PA

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.

Jan 20, 2009 08:24 AM #7
Ambassador
721,584
Mike Jones
SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) - Tucson, AZ
Mike Jones NMLS 223495

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

Mar 23, 2009 05:43 AM #8
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Rainer
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Rochell Heininger

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