Low Cost Real Estate Promotion: Where Can I Advertise?

With the market like it is right now, you may want to take the time to build up marketing impact when the daily work of real estate isn’t all-consuming. Are you interested in finding new ways to advertise your listing online to improve that home’s chance of selling, while boosting your own visibility?

Featured Listings
Here’s a list of a few of the best online resources for advertising yourself… er… I mean your listing. Be sure that you have your listing FEATURED on your own home page. By doing this, any incoming links “for more information” will lead to the index page of your website. So, even if the home sells, you still have a link that’s live and is helping you. And when you sell a home, you will have other “featured” homes listed for the incoming traffic to review.

Landing Pages
You may want to add a landing page that gathers the “from” URL and customizes your website to say, “If you were seeking the featured home from Craig’s List, it’s already sold… but we have these great homes still available! And then list the home you do have featured in a thumbnail format so they can click for more information.

Localized Online Classifieds
Most popular websites for free (or extremely low cost) real estate classified ads today:

http://www.kijiji.com
http://www.craigslist.com/
http://www.backpage.com
http://www.tenant.com/
http://www.nfafn.org/
http://www.usfreeads.com/
http://www.freeclassifiedads.com/
http://listsomething.com/
http://www.nocostclassifieds.com/
http://www.postlets.com/
http://www.facebook.com (Free “MarketPlace” ads)
http://www.trulia.com/
http://base.google.com/
http://www.oodle.com/
http://www.local.com/
http://www.propsmart.com/
http://www.vast.com/
http://byownermls.com/
http://www.livedeal.com

Many of these websites have an expiration day- so don’t forget to renew!

(photo by mconnors of morguefile.com)

Why Web Entrepreneurs Need Social Networking

Being “sociable” on the web can have huge payoffs. Provider-customer communications have never been more important. In the old face-to-face days, small business owners maintained a manageable number of extremely loyal clients, all of whom were accustomed to seeing the small business owner in person.

If customers had a concern, a question, a request or a problem — the business owner was there, in person, to work it out.

Social networking and web 2.0 (yeah, I know, I’m tired of those phrases too) are high tech tools offering new delivery platforms to achieve this classic caliber of old-time service.

  • Loyal customers develop as a result of good relationships. (Give someone a bad experience when they are buying products or services, without remedy, and they will probably not come back.)
  • If you have a relationship and there is a problem and you FIX the problem personally, they will not only come back, they will love you for going “above and beyond.” This scenario will build loyalty more than a flawless experience.
  • They will talk about you. If you give excellent service or exceedingly poor service, your customers will tell others. That word-of-mouth advertising will make or break your business — especially online.

Social networking helps you to build strong, personal relationships with potential and existing clients, even though you may never meet them “face-to-face.” The new social tools permit personal interaction even before the first sale. It also offers an amazing built-in referral network.

If you aren’t currently participating, consider broadening your horizons. Select one or two platforms from the major players, fill out your profile page and join in the conversation.

Quit being a wall-flower at the Internet dance!

(NOTE: photo courtesy of Clarita at MorgueFile.com)

Entrepreneurs: Weathering the Economic Storm

I tend to worry about things over which I have no control. It makes life more drama-filled than necessary. It makes parenting challenging. Heck, sometimes it makes breathing difficult!

Riding the economy’s roller coaster is a white-knuckled, teeth-clenching experience these days… especially THIS day.

It shook me today. I’ve been preparing for a “recession/depression” for several months. My debt load is probably lower than most peoples’ — but I still have debt. (I hate being in debt.) I live simply. I don’t have extravagant tastes. That all helps me to make it as a solopreneur.

My client-base is primarily real estate and that industry has been hard-hit of late. I don’t work with those new to the industry. My clients are the established, knowledgeable, experienced portion of the market. So when MY clients are feeling the pinch — it’s serious. When my clients go from immediate pay to 30/60 days, I get concerned.

But, for those entrepreneurs out there that are starting to worry, I’d like to share some sage advice from one of my clients (complete with my interpretation). I won’t identify the client because he admitted “I’m scared too” and that admission may alarm his agents. He said, “I’m scared too, Angela, but you are in a good place and so am I… we owe little and are not at the mercy of a big corporation for our weekly check. If it’s not working, we will reinvent ourselves!”

I took that information and sat on it awhile this afternoon. While I watched the stock market climb back up to a reasonable level (back above 10,000 for the DOW), I pondered the implications of what he said.

He’s right. As entrepreneurs, we are able to make adjustments, look for opportunities and jump on them in a way that others can’t. We do have the flexibility to “reinvent” ourselves, to refine our vision, or to completely rebuild our set of goals.

Another client commented (sometime last week) that there would always be work for someone who was knowledgeable in their field. He said the economic slow down would do two things: Clear out the “chaff” from his industry (real estate) and create an even stronger demand for my own services. He said, “People who need help will be less willing to offer work to those who are unproven and those who are less talented.”

Although his compliments made me blush at the time (and offer me an opportunity to brag a bit now), the fact is… when money is tight, you go for the “sure thing” in business and in personal decisions.

So if you are an established provider, there really isn’t a reason to worry. It may get interesting for awhile, but we will be fine. It may help to remember that these issues aren’t an issue for a particular country, they are world-wide.

We are participating in a global economy and no country will be its own little universe again. What happens from here on out will cause ripples across all oceans. That’s something that I find both comforting and alarming. It requires thinking about my tiny little business on a much bigger scale.

For those new to the industry, make friends with the “old hands” and show your stuff. The best way to land work in tough times is through the recommendation of trusted providers, subcontracting and concentrating on your best offerings.

If you aren’t advertising your niche or special skills, do it. If you haven’t established a short list of your best service offerings, there’s never been a better time. Choose them, communicate them and make sure they are “front and center” on your business website.

Just because there is a sluggishness in the economy does not mean we can afford it in our businesses. Now is the time to work harder and rise faster. These are the times when opportunities arise and disappear quickly.  Be ready.

And remember, in this era when mega-corporations are failing and floundering and drowning… you have the reins of your business. Here, at least, you have a choice on how your income is made and how your bottom line reads. Small businesses are the backbone of economies — we work even when others don’t.

(Photo from MorgueFile.com by MarkeMark.)

Reinventing Your Business

When you are a remote professional, making a sweeping business change is a big step. Your business identity becomes inextricably intertwined with your personal identity. After a few years on the web, you consider your business URL in the same way you do your physical address. Like a cross-country move, any big change can be traumatic.

If the time has come to narrow your scope, deepen your niche or completely reinvent yourself online, there are a few steps you can take to make the transition a bit smoother.

Get an unbiased opinion… or two or three

Because you are so “close” to the project, having outside opinions from people you trust is paramount. There are things that you simply won’t see solo. Your business may often seem to be a solitary venture, but this is a place where you need to reach out to your network. Don’t fall in love with one option before seeking feedback. Go to the “floor” with your top three or four ideas.

If you blog, post your ideas there and see if any readers will offer suggestions. If you have a professional network, toss your ideas out and get feedback from peers. If you have family members that aren’t too close to your business, get their impressions of your new direction.

Once you have narrowed the field, pay a marketing consultant or business planning specialist to give a professional opinion on the pros and cons of your plans and how they will affect your bottom line and your ability to market your new brand. You don’t want to put all this effort into something that won’t help you in the long run. A single meeting may make a huge difference in the effectiveness of your efforts.

Take all these opinions and really listen to what was said. Keep notes on all the feedback for a couple days of agonizing push-me, pull-me evaluation. Once that period is over, pick the one you love. After all, you should be in love with your business name and concept. You will spend much of your life building, growing, nurturing and living with it. It should be something you love.

Plan ahead

Don’t jump into the transition. It’s going to be a challenging project. It will require a great deal of pre-planning to make the move smoothly. Start with the baby steps…

Your new URL

  • Your URL should be a brand that you can love and one you can quickly take to heart and adopt as your online “alterego.”
  • Select a URL that carries a keyword or two if possible. It should be short, focused and possess a little “zing” to capture attention. Make sure the URL will serve you from a marketing perspective. Why would you rebrand in a way that actually HURTS your online marketing?
  • If at all possible, use a “.com” URL. Forget .net, .info, and all the upcoming extensions. Select a .com for a timeless and established look.
  • The URL should be your legal business name. Register it as “MyCompany.com” to give you the advantage of “silently” promoting your URL whenever you give your business name. Even websites and directories that don’t offer a web link will accept this type of legal business name.

The Omni-important Tagline

  • Forget the pain and agony of developing an elevator speech. The classic wisdom of a 30-second regurgitation of who you are and what you do and what value a potential customer would find in hiring you is soooo outdated and old school. (Besides, that is the purpose of your website!)
  • Don’t assault strangers with all this information. You will only make them sorry they asked. Thirty seconds will seem like a lifetime to your marketing “victim.”
  • Instead, develop a self-apparent business name with matching URL and a tiny 5-6 word tagline that clarifies your unique marketing position. You can use this combo on your voice-mail, business cards and in person, when asked what you do.
  • It will take some time and quite a bit of effort to find the perfect combination of so few words. If well-executed, it will pay huge dividends and will make you memorable.

Marketing Materials

Over the years, I’ve spent thousands of dollars on all the marketing “fixings” including letterhead, multiple logos and images, envelopes, branded note cards, custom postage stamps, business cards, business websites, blogs, custom rubber stamps (with my logo), embroidered denim shirts, t-shirts, ball caps, table spreads (for events), etc, etc.,

Of those items, the most effective have been my business cards for in-person face-to-face encounters and my website/blog. Of the printed materials, I’ve used the branded notecards more than all the other business stationery combined. When I drop a physical note to a client, a peer or a prospect, I prefer it to be a personalized, handwritten item. The rest of the time, I use email and/or PDFs.

How you handle this will depend on your business and what niche services you offer. The more online your business, the less printed materials you will need… so your mileage may vary.

Before you automatically reorder all the stuff you had in the old business name, determine what really works for you. Don’t reorder out of rote. If you ordered 1000 custom envelopes three years ago and you still 995 of those, it’s probably not the best use of your funds.

Enjoy a Clean Slate

If you are rebranding, it’s a wonderful opportunity to purge any old ideas you have about how to run a business online. You have, no doubt, learned a great deal as a result of your “hands on” experience. Advise yourself in the same way you would advise someone who is just getting started.

Think about all of your “if ONLY someone had told me…” moments. Think about all the wasted time, money, and effort you expended when you first started.

Then, take a deep breath and plan. Make sure you don’t do any of that this time.

My Clean Slate

Personally, trying to keep my blog separate from my business website, and managing multiple branded websites was a mistake. I’m not a big business and I have no need to project that image. I should have accepted that fact early on.

People hire me as much for my personality as for my skills. It was weird to realize that, but it shouldn’t have been… after all, I accept or decline clients based on that “gut” feeling I have about them. Working so closely, and being happy with that situation, requires a good rapport. It just does.

Accepting that makes it easier to develop a single site (which contains a blog) to maintain.

Keep Records

You will be going (temporarily) backward to re-brand when you change your business. It’s a fact. There are places all over the web where you have promoted your old brand.

Keeping a record (a spread sheet will work fine) of all the places that you “find” your old brand will help you transition. Change all your profiles to reflect the new business identity. You will probably be surprised how many you have online. Going through your password list is a quick way to determine the identities you need to rebrand right away.

Legal Stuff

Don’t forget to change your business name legally; even if you are using a DBA you need to register it. Do the paperwork for any required business licenses for your area. Secure a new EIN, if necessary.

Change the information with your bank and PayPal accounts. Let your current clients know how to make out future checks/payments.

Redirect Traffic to Capture Visitors

Apply a Google-friendly 301 permanent redirect to capture as much of the old site(s) traffic as possible. Use your website’s 404 logs to determine when people are looking for something they don’t find.

Fix/forward every link. It will take time, but it’s worth the effort. You don’t want to lose visitors by frustrating loyal readers.

Re-Introduce yourself

Once you are up and running, take the time to go to your favorite blogs and websites and comment to help establish the new identity. Social networking can actually make this process easier. Some platforms allow a username and URL change without any problem (like Twitter, Facebook, LinkedIn), while others will only allow a URL change and you are stuck with the same username or the prospect of opening a new account and trying to recapture your friends (like StumbleUpon and ActiveRain).

Do a press release. Produce a little fanfare. This is a big deal! Celebrate it.

A Final Thought: Be Sure

Before you start this process, be sure it’s necessary. It involves a tremendous amount of effort and should not be undertaken lightly.

If a change is needed, it’s better to make that transition sooner, rather than later. The availability of good URLs is diminishing by the second and unless you have already captured the URLs you may want to use in future years, merely getting the perfect URL can be a costly endeavor.

Don’t forget to have fun recreating yourself!

The Best, Easiest, Cheapest Business Planning Tool — Ever!

How much money do you need to make in 2008? How much do you want to make? Have you budgeted for expenses? Have you planned for vacation time away from work?

I just finished and filed my taxes. Yeah me! But the cooler part of that equation was that I took the tax software for 2007, and ran a few numbers for fun. Yes, I said “for fun.”

I hate taxes and bookkeeping more than the average joe… probably a lot more… but I found this process quite enjoyable. Why? Because it gave me a perspective that all the personal business planning to date hasn’t managed to offer.

How so? Let me explain…

After my taxes were complete, I saved that file for posterity (and for future reference, if needed) and renamed the file so I could play, without re-entering all the information.

First I gave some serious thought to the larger purchases I need to make for the business this year. For instance, going from a two-monitor system to a single one with my new Linux computer has been difficult. Within the next two months I plan to purchase two wide-screen monitors and a graphics card to push them to improve my efficiency when I’m online (and to eliminate any of that pesky extra deskspace I might otherwise enjoy.)

I reviewed my expenses for 2007 and determined which ones would be about the same and which ones would increase and which ones I could whittle down. I plugged my best estimations onto each category. (Which also gives me a de facto operating budget for 2008 neatly organized into tax categories, now printed out in my budget notebook!)

The next thing I did was max out my retirement contribution for 2008. (Note that IRA contributions will increase from $4000 in 2007 to $5000 in 2008, and take that into account with your final numbers.) With my expenses and my investments calculated, I then tweaked some of the other numbers to determine exactly how much money I need to make in 2008 to meet my income and savings goals without increasing my taxable income dramatically.

There are a few little spots in the income category that really bump up your taxes – to the tune of 30%+. Personally, I don’t want to work to make an extra 10K, if that means that the federal government will take $3300 of that off the top. I’d rather have a little more time to call my own.

You can also use this tool to determine how much you should put into your IRA contribution… for 2007. I found the “sweet spot” in my own contributions by plugging in various IRA contributions until I found the amount that benefited me the most in taxes without breaking my budget. Since you have until April 15th to fund that IRA, it’s crazy to pay more taxes than you must, if you can pay yourself instead!

I decided this year that rather than simply trying to make as much money as possible, I would employ the 80/20 rule. I determined the optimum income for my personal situation. I’ve been working as an independent, remote professional for eight years now. I wanted to get a bit smarter about it. I love my business, but I’m tired of it constantly encroaching on my life. I’m ready to have my cake and eat it too! Being self-employed is a tough balancing act, but your income is still merely a tool to live – even if you adore your work.

So, I decided how much time I wanted to take off this year for personal days, vacations, etc. In 2007, I took off the entire month of December. Granted, I had to move from the city back to the country during that month, but I also enjoyed a cruise vacation. As a result, I’ve decided that vacations are wonderful! Yes, I should have known that before, but I only managed to take “working” vacations in the past. I’ll not make that mistake again. Live and learn.

I deducted the number of weeks I wanted to take off this year from the available 52 to determine the number of working weeks for me in 2008. I even padded that figure a little for personal illness days, personal mental health days and days when the kids may be sick or other members of the family may need my help.

I took the number of dollars I wanted to make this year (from the tweaked numbers on the tax program) and divided that by number of work weeks I determined I would have to give me the amount of money I needed to make per week.

Then, dividing that figure by my hourly rate, I knew how many hours I needed to bill per week to meet my goals. I was surprised at the figure… and thrilled.

I also was honest enough with myself to know that I work 2-3 hours for every billable hour. Yes, I should be more efficient, but I spend many “non-billable” hours writing articles, doing research and staying on top of the industries I serve and the technologies they use. I also have an unquenchable personal thirst for such things, so I’m not as disciplined as I should be. Knowing your weaknesses and working those into your budget will make your numbers more accurate.

Now, I know how many hours I need to work per week, how many need to be billable and how many days off I can take this year without impacting my bottom line. It’s a liberating feeling. It takes the guess work out of being self-employed.

This year, I’m not going to spend my life at the computer and I’m probably going to actually enjoy more of the money I make. Yes, the software I used is based on 2007, not 2008, but it’s probably the best tool readily (and inexpensively) available to make these determinations for the small business owner.

You may want to give it a whirl yourself… after your taxes are filed.

Personally, I use TaxAct… it’s about half the cost of the leading software, it’s downloadable for immediate gratification, and I find it simple to use.

(It also keeps a running total of taxes in the top right hand corner which helps for “comparison” planning for the new year.)

Once this year is winding down, I’ll order the 2008 version and plug in my numbers to make sure I’m on track. I’ve planned my work so I can determine in October how much more I need to make, if I should invest in any additional equipment, and what needs to happen to keep me on track even with the changes in tax law. I’m actually looking forward to doing my taxes for 2008 to see how well this planning works. Me… looking forward to doing my taxes! Will wonders never cease?