Big Brother, Google and Print Media

Has it occurred to you yet that Google – at least the search engine part of Google – is, essentially, a monopoly?  They have achieved such penetration in the realm of Internet search that, what few competitors there are,  are insignificant.

I remember when I started surfing the net back in the 90’s.  None of us knew what we were doing and AOL gained a huge leg-up by organizing the Internet (today that seems so silly) and by giving us crude search capabilities.  I drifted from search engine to search engine and eventually settled into AltaVista.  In the mid-nineties AltaVista leaped ahead of its competitors by pioneering the use of web-crawlers that would go out, scan websites for information, and return data for indexing.  Today we call the crawlers ‘Spiders’ and they scamper a little faster.  AltaVista was eventually bought by Yahoo and, in May of last year, was shut down.  Now, when you try to search using AltaVista, you’re really searching using Yahoo.  As an interesting aside, it was AltaVista that brought us that wonderful translation tool, Babel-Fish.  Just as the search part of AV has been over taken by Google, so has Babel-Fish:  today we use Google Translate.

Which brings me back to the Google monopoly.  They didn’t gain that position by destroying or overtaking competitors; we gave it to them.  Google came out of the box so far ahead of their competitors that almost overnight other search engines were left in the dust.  Google made the Internet useful.  It brought order to chaos.  That’s the nice part.  But to monetize search, Google had to bring value to those of us with something to sell or something to say.  They realized (just as Don Taylor did in 1976) that the most effective marketing was highly targeted marketing.  The delivery of a highly targeted demographic to an advertiser proved to be very valuable and targeted pay-per-click ads became a dominant feature of the Internet.

So, how did Google get so good at segmenting and categorizing demographic groups to deliver to advertisers?  They kept track of us.  They recorded what we searched for and what we clicked on.  They watched how we behaved when we interacted with them and they stored that information, analyzed it, reduced it to numbers and predictive algorithms.  Today Google knows more about what interests me than just about anyone else!

We’d like to believe that Google is blind, like justice.  We’d like to believe that if I – a White male in his 60s living in Southern California – search for something, that you – a Hispanic female in your 30s living in the Northeast – also search for, we’d get the same results.  Not so. Google not only sells you as a potential target to advertisers, it also uses what it knows about your online behavior to filter search results so that your search outcome may be very different than mine.

I got a big reminder of this yesterday.  Ron McCoy, who lives 90 miles away in Riverside, just bough an IPad II.  The Apple version of PowerPoint on the IPad is something called Notebook.  Ron wanted to convert his PowerPoint Franchise Sales Presentation to Notebook and had no luck figuring it out.  While we were on the phone, I Googled it and quickly came up with a website devoted to Notebook with a long string of how-to’s about this very subject.  When Ron did the same search the website was buried. Google gave us different results because:  we live in different areas and we search for different stuff.  Google watches . . . Google knows.

Don’t get me wrong.  I love Google.  I’m more a Google person than a PC (Microsoft) person.  I have a Google T-Shirt.  I have an Android phone.  But sometimes all of this Google-looking-over-my-shoulder-while-I-browse creeps me out a bit.  Sure, their motives are purely Capitalistic:  they want great data on me to sell to advertisers.  But what if their information came under the control of an entity – a faction, a government, a policing unit – who maybe had other motives?  Makes me want to browse through an anonymizer!

I applaud Google for what its done to marketing.  That arena is fundamentally different and the difference is directly related to what Google did.  But it’s interesting:  after years of diss-ing print media as the nearly extinct dinosaur that it is, Google has taken to using traditional paper advertising to show its concern for our online safety.  They’ve earmarked tens of millions of dollars for a ‘Good to Know’ campaign running in newspapers and magazines.  The first ad ran in Britain recently and encouraged people to be a little more creative with their passwords.  It’s actually very good information, so good that I’ll reproduce the ad here and encourage you to do what Mother-Google is asking you to do!

 

Having gotten all of that rambling tangential junk out of the way, here’s my point for you today:  If Google – who owns the Internet – who invented online marketing – is getting into print advertising, isn’t’ it something you ought to consider for your business?   For five years we’ve preached that print is dead-dead-dead, and every time one of our brokers put a toe in the print-media waters he pulled it back in shock and horror.  But suddenly, Maurine Grisso takes a full page ad in her local paper for a song the week between Christmas and New Years and actually develops LEADS.  I know:  Maurine is a brash pioneer, sometimes so far on the cutting edge that she’s actually on the bleeding edge; but nobody can fault her for not taking risks and sometimes reaping big rewards.  And I’m not suggesting you sink thousands of dollars into print advertising this month or next.  What I am suggesting is that it might be time to put that toe back in the water.  Spend $50 or $100 and run a little ‘Sell Fast – Save Thousands’ ad or something similar.  Try putting a true ETM (with sold-and-saves, testimonials, and an Easy Way plus a few listings) on the back of a Homes magazine.  Pay very close attention to the results you get:  how many inquiries does this specific ad produce?  Then let me know if Google and Maurine are right or if it’s still too early.  Thanks!

YAWN . . .

Quoting Inman News this morning:

NEW YORK — Realtor.com is about to roll out a free tool that will allow real estate professionals to build single-property websites optimized for mobile devices.

We’ve had that for what?  A year?  18 months?

Oh, and with our version, the agent doesn’t have to ‘do’ anything . . . it all happens automatically on every listing.  Period.

Richard Cricchio, Help-U-Sell and the Office Exclusive Listing

We had quite a Roundtable Call today.  Lots of good information flew around, but one item really struck me.

Richard Cricchio from Honolulu started talking about ‘Office Exclusive Listings.’  I asked him to clarify and he responded:

‘When we take a call on a listing, we always ask if the caller is working with an agent.  If they’re not, we send them directly to the seller to arrange a showing.  The seller shows the house and we followup afterward.  That way, if the buyer moves forward on the house, all the seller pays is the Set Fee.  They save the largest amount of money.  We’ve always done that on all of our listings and it’s helped drive the message that we are about savings.’

It sounded like such a radical idea.

But it’s not.

It’s about 35 years old.  It’s a thing called ‘Help-U-Sell’.  That’s how this company was designed by Don Taylor.  That’s why it’s called ‘Help-U-Sell‘.  As we turned the corner on the new millennium, we started adjusting the model here and there.

First, the seller’s phone number came off the for sale sign.  Remember, for 25 years, our listings were ‘For Sale WITH Owner’ and we put the sellers number on the sign so buyers could contact them directly.  We did that for two reasons:  first, it gave the seller the greatest opportunity to save, which is what we wanted so they’d tell everyone they know about us and second because it’s a way of multiplying our efforts, enabling us to more that we’d otherwise be able to do.

Then we started capturing buyers and showing our listings ourselves.  Sellers still could find their own buyers by holding open houses and talking the house up with the neighbors and at work.  But we wanted a relationship with that buyer, so we started handling the showings ourselves.

I’m not saying either of these adjustments was wrong.  But I do think it’s interesting that the guy who is way out ahead of the pack in our currently running Winter Warm Up Contest is still sending buyers directly to his sellers.  How much time are you spending each week running over to show a listing to a new buyer?  If your sellers handled that task for you, what else could you be doing with that time?  Are your followup skills strong enough that you could still build a relationship with that buyer after they’ve seen the listing with the seller?  After all, most of the time they’re not going to buy that house anyway.

In today’s market, where so many sellers have so little equity, I’d think giving them the greatest change of finding their own buyer and saving the largest amount of money would be very appealing.  Think about it.

Survey Sez

I sent a short survey to our members yesterday to help in putting together the plan for 2012.  Though I may still get some responses, most are already in and I thought I’d update you on the results.

92.5% of respondents believe business will be better in 2012.

They ranked the biggest challenges facing them this year as follows:

  • Marketing:  45%
  • Staffing/Recruiting:  42.5%
  • Lead Incubation:  37.5%
  • Finding qualified & motivated buyers:  27.5%
  • Controlling expenses:  25%
  • Pricing listings properly:  15%
  • Financing and lenders:  12.5%

Write-in responses to the question were:

  • Keeping ahead of new technology & its cost
  • Selling homes that are NOT in a foreclosure or shortsale status
  • finding equity sellers who are willing to price at today’s values
  • Managing and following up on leads
  • Implementing everything I have learned
  • The number of sellers
  • Finding sellers. Really need listings
  • Focus on Highest and Best use of my Time
  • Getting my company back to where I was 2 years ago

As I look at these responses I can see that everyone is gearing up to do MORE in 2012.  We want to explore new ways of marketing because we believe marketing will drive leads – that hasn’t always been the case in the last few years.  We interested in staffing and recruiting because we know we’re going to need help as the market heats up.  We want to learn how to better incubate leads because, heck!  we’re expecting to have leads to incubate!  And so on.

When asked where we should hold the next Help-U-Sell Success Summit, respondents said:

  • A California Beach location:   40%
  • Las Vegas:  34.3%
  • Orlando, inconjunction with NAR:  25.7%

Write-in responses were:

  • San Diego
  • Somewhere in the Mid-West
  • Milwaukee
  • East Coast or Mid-Country location with inexpensive airfare
  • Santa Barbara
  • Driving Distance (!)
  • Anywhere

When asked about the time of day to hold the Wednesday Broker Roundtable call, the majority said 9am Pacific time – which is when we currently hold them!  8am came in second and 11am, third.

I was encouraged that when asked how we at Home Office could better support them, respondents gave us pretty good marks, saying things like ‘nothing,’ ‘support is adequate,’ and ‘you’re doing fine.’  There were also some meaningful comments relating to how we can better partner with our members to achieve greater penetration in local markets.  All comments are appreciated and we will consider everything you told us.  Thank you!

 

 

 

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