April 28, 2010

Marketing Real Estate | Realtor Banner Advertising – How To Generate Leads From Renting Internet Real Estate

First, if you don’t know what “Realtor Banner Advertising” is, it’s simply a small or large rectangular or square shaped advertisement that you’ll see on many websites. They’re similar to pay-per-click ads in that they can be an automated marketing idea for Realtors; you pay for the ad placement and let the traffic flood in to your website. Realtor Banner Advertising is much like a billboard for the internet and you need to be on it.

When launching a Realtor banner advertising campaign, the banner ad can be static with only text (that does not change or move) or it can be dynamic with animation and images. The idea is that visitors will see the banner ad and click on it, bringing them to the website linked to it. Simple concept, right?

Here’s the deal though….

I wouldn’t ignore using banner advertising but I’d use it sparingly as a Realtor or agent. It’ll be somewhat difficult for you to find websites that are in your geographic location and that have sufficient traffic to warrant the ad dollars you’d be spending. It’s not impossible; it’s just harder as an agent because of the geographic issue.

A unique issue with Realtor banner advertising is that you will usually pay for a certain number of “impressions” and not “click throughs” (as is the case with pay-per-click marketing). What this means is that instead of paying a certain amount for each person who “clicks” on your banner ad, you’ll pay a certain amount for each person who simply “views” your banner ads.

So if a visitor comes to a site where you have some banner advertising and your banner as shows up, that counts as an “impression”, regardless of if they click on it or not. This isn’t necessarily a bad thing but something to be aware of. You’ll want to know how your marketing dollars are being spent.

Now just as with outdoor billboard advertising, the two main issues with internet, Realtor banner advertising are:

1) where to advertise
2) the ad itself

When it comes to finding sites that have enough local traffic, one idea would be to do a Google search specifically for local real estate blogs. For example, in Seattle, there are about 3-4 high traffic real estate blogs that are consumer based. They accept Realtor banner advertising and would fit in perfectly to a local Realtor’s or agent’s marketing arsenal.

Another solution to finding solid sites for Realtor banner advertising would be to use a media vendor that has sites lined up and ready to sell ad space for. These media vendors are contracted with local sites all over the country and world and get you the pricing for various ad packages.

This would be a great way to go as you won’t really pay more than if you went to the site directly, in most cases. Sometimes, going through these vendors is the only way you can buy Realtor banner advertising on the site. Plus, the sites that these media vendors represent will typically have sufficient traffic to warrant selling ad space.

The second issue with banner advertising is the design of the banner ad itself. The same rules apply as we’ve gone over in other tutorials regarding how to design marketing pieces. But with banner ads, it’s a little trickier because you need to design the ad, which requires some coding and “techy work”. It’s not as simple as writing some text in a word document.

There are plenty of banner advertising vendors that can help point you in the right direction in terms of where to have your banner ad designed. But if you want to design your ad for free with a site that makes it simple for “non-techy people”, just go a Google search for “free banner design” and you’ll be on your way. It won’t look quite as cool and professional as if you hired someone to design it but it’s free.

If you want to go the professional route, you’ll pay a little bit of cash but it should look light years better than if you did it yourself. Any graphic designer or most web guys can take care of that for you.

The banner ad itself will follow the same principles outlined in most copywriting and ad design tutorials out there. Headlines, benefits and a “call-to-action” are the vital pieces to pay attention to. Plus, it needs to be eye catching since web surfers are bombarded with ads all day long. You need to stand out from the crowd!

Bottom line, if you have a well designed banner ad on some good sites with solid, local traffic, it could be well worth the marketing dollars you’ll shell out. Do your homework though and test, test, test as you would with any other marketing weapon.

I wouldn’t suggest using this as a big part of your marketing arsenal but it’s definitely worth using in a small way, unless you start getting amazing leads and clients. Then you’ll want to make it a HUGE part of your marketing arsenal!

Josh F. Sanders is a Real Estate Broker and the Founder of Shiloh Street University in Seattle, WA, an online marketing school designed specifically for Realtors and agents.

SSU’s purpose is to “Create Wealthy Agents through World-Class Marketing” by providing step-by-step video marketing tutorials, lead-generation lessons, tips, articles, recommended marketing vendors and much more.

Get your FREE 5-DAY SNEAK PEEK of SSU’s “The Marketing Toolbox” at http://www.ShilohStreetUniversity.com

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6 Comments on Marketing Real Estate | Realtor Banner Advertising – How To Generate Leads From Renting Internet Real Estate »

May 11, 2011

venus_walsh @ 10:47 am:

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wizjp @ 11:21 am:

Oner dies, defaults on mortgage and is foreclosed, refuses to transfer deed when complete, seller backs out, dies, walks away……

full on possibility for a grease fire without a good lawyer writing the agreement.

To the individual below; don't DIY the agreement. I underwrote for a firm that looked at land contracts every day.90% of the problems came because the contract was poorly executed or written. This is not a DIY legal issue. Too many possibilities. Get a GOOD lawyer. Review his previous land contract experience before you agree to anything.

May 16, 2011

bdat40oz @ 2:14 am:

sounds reasonable to me ,what is the price without the signs ,i live in arkansas we have a remodeling company and we never have an agreement that the customer keep our signs up for a year if they want to keep our signs up that is their choice you might want to get another estimate to see and compare . good luck

May 30, 2011

Calling troubled homeowners – Part II « Marketing for real estate professionals @ 9:00 pm:

[...] Marketing for real estate professionals Just another WordPress.com weblog « Calling troubled homeowners [...]

August 8, 2011

timothy p @ 4:57 am:

We have the opposite problem. We're considering selling our house rent-to-own because it might be the only way we can sell it in this market.

From my point of view, my main concern if I were selling to you would be that you might change your mind and decide not to buy it after all, after we already moved to a distant state. Then we would have to travel back and start over.

To prevent that kind of setback, we might insist on a lot of money up front. But you don't have it. So it seems like a big problem from both your point of view and mine.

On the other hand, what else can we do?

To the person who mentioned a lawyer writing the agreement, aren't there already any standard agreements written by a lawyer and sold as forms to fill out? Or does everyone who does a rent-to-own have to have a lawyer write the contract for that specific deal and not use pre-written contracts?

November 17, 2011

Jinx U @ 6:49 pm:

I talked to a co-worker's husband who happens to be a real estate agent at the recent company holiday party. In short, his answer was yes, there is a bubble and that the market really is cooling considerably.

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