In search of new marketing: the competition is only an eighth of a second away.This year, three out of four people preparing to move will go online to search for housing. Using the right Internet tools can determine whether a renter is won or lost in an instant. Knowing how to use the Web--to attract leads, sign new clients and inch up rankings on search engine sites--was the dominant topic among multifamily housing officials at the second annual Apartment Internet Marketing See Internet advertising. Conference in Scottsdale, Ariz., in October. "We're seeing more traffic coming to us through the Internet and clients completing processes online." said Melintha Ogle, Vice President and Director of Marketing for Mid-America Apartment Communities. which owns 38,000 units. "Our online traffic increased 33 percent in the last year. Everything is changing so quickly that it poses challenges for everyone. About 40 percent of Mid-America's leads now come from the Internet. said Ogle, who came to the conference to share marketing tips and hear about new technologies. Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. Data Trust hosted the conference. To drive business, executives said they use organic--or free--listings, pay-per-click ads or paid ads on search engine sites such as Yahoo! and apartment-specific Internet listing sites. With today's localized Translated into the spoken language of the country. See localization. searching, apartment communities are receiving 20 percent to 60 percent of all leads from Internet traffic Internet traffic is the flow of data around the Internet. It includes web traffic, which is the amount of that data that is related to the World Wide Web, along with the traffic from other major uses of the Internet, such as electronic mail and peer-to-peer networks. , they reported. Of those, 25 percent to 30 percent are converted to leases. As the Internet revolutionizes the industry, companies need to track their traffic carefully to stretch ad dollars, experts said. "In this arena, the first to respond often wins the business," said Fredda Steinberg, Group Vice President of National Marketing for Archstone-Smith, which uses competitions to fire up employees to meet goals to respond to leads within a two-hour window. "We are also able to make more effective marketing decisions based on the real-time customer data we now receive. "Several years ago, our internal reporting systems were not equipped to track Internet and e-mail leads. Today, we have robust, automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. lead management systems and processes that allow our site teams to respond to leads as quickly as possible. This is critical to our business as the vast majority of our customers initiate a dialog with us online," she said. Steinberg said that "a completely transactionable" Web site that offers online leasing also drives leads into leases. Those strategies are paying off. Last quarter, Archstone-Smith converted 20 percent of its leases online. That represents final lease transactions online--not just reservations. Of those, 25 percent of the customers never stepped on the property before leasing. Promotion, Promotion, Promotion Many of today's wired consumers do not want to pick up a phone or meet face-to-face, said Terry Jones, the founder of Travelocity and the keynote speaker. "Today's consumers are Internet empowered, time starved starve v. starved, starv·ing, starves v.intr. 1. To suffer or die from extreme or prolonged lack of food. 2. Informal To be hungry. 3. To suffer from deprivation. and information rich," Jones said. "They want information and they want it right now. They e-mail you at midnight and they want a response before breakfast." Jones, the Web wizard Instructional help in an application or system development environment that guides the user through a series of multiple choice questions to accomplish a task. For the most part, wizards are more effective than the help menus found in most applications, which often border on the atrocious. responsible for turning the online travel agency into a multi-billion dollar company in less than 10 years, said consumers are comparison-shopping at warp speed warp speed n. Informal An extremely rapid speed or state of activity: "A young pronghorn antelope teased a yearling wolf, shifting into warp speed and leaving the wolf in the dust when it tried to pursue" . He offers Web site rules to keep their attention: Make prices easy to find. Don't use industry lingo Lingo - An animation scripting language. [MacroMind Director V3.0 Interactivity Manual, MacroMind 1991]. . Don't post a photo of the leasing office. Offer a discount to clients who lease online, Jones said, and make it easy for them to take advantage of it. Don't make them go through several links to get a discount or coupon. Making visitors register online immediately is a bad idea, Jones said. People are leery of giving personal information immediately. Chat them up first. List property benefits: wood burning fireplaces, quiet neighborhoods and proximity to golf courses and freeways. Make the Web site "viral" so potential renters can share photos and text with a spouse, parent or friend. Advertise the site address everywhere, including voicemail and on radio and TV ads, he said. New Frontiers New Frontier President John F. Kennedy’s legislative program, encompassing such areas as civil rights, the economy, and foreign relations. [Am. Hist.: WB, K:212] See : Aid, Governmental For Apartment Marketing In the coming months, new online tools to attract clients--especially college age and young renters--are expected to take off. Google made its first-ever appearance at an apartment industry conference here to introduce its new video and mapping features. Most notable is its recent acquisition of YouTube Inc. Started in February 2005, YouTube, a free video hosting site, built a global audience of 72.1 million viewers in just 18 months. The service will be available on Google when the deal is finalized See finalization. by the end of the year. For property owners, it means the ability to submit a video online for free. Tina Makssour, Director of Sales and Training for Mark-Taylor Residential, said it is a great opportunity for resident-to-resident communication. "People in Ohio can imagine what it's like in Arizona with a video stream from our sandy-beach pools," Makssour said. Caroline Forehand forehand the head, neck, shoulders, withers and forelimbs of the horse. , Marketing Director of S.L. Nusbaum Realty Co., envisions it as a marketing tool to attract Baby Boomers See generation X. . "I have a senior property where Baby Boomers are trying to find apartments for their parents," Forehand said. "We can use video to comfort them." Mapping is another device expected to quickly sprout into an advertising vehicle. Free mapping services on search engines, including Yahoo! and Google, allow users to easily build their own layers of information--called a mash up--on top of online maps. A company can offer coupons, list neighborhood services, add icons to point out freeway ramps and more. Satellite imaging, now available on sites such as Google Earth A 3D mapping program from Google that covers the entire globe from satellite images. Requiring a download for Windows, Mac and Linux desktops, a street address can be searched, and the views can be zoomed down to the individual building all the way up to a satellite's view of the globe. , brings the far away closer up. "Someone (can) fly from outer space to your building and can visit your apartment building before they ever set foot on a plane," said Google Real Estate Lead Spencer Frasher. Opportunities on the smallest of screens also are emerging. Ask.com has a new search engine designed for cell phones and mobile devices ads that are a few words on the side of a page of search result or text. Text on cell phones and mobile devices, such as iPods, can attract and assist clients with real-time traffic, detailed directions and local business locations "The trend for the future is heading toward cell phones," said Jodi Bart, Co-Owner of Morrison, Ekre & Bart Management Services Inc., who immediately found a nearby Starbucks on her Blackberry blackberry, name for several species of thorny plants of the genus Rubus of the family Rosaceae (rose family). See bramble. blackberry while listening to Google's presentation on mapping. "The 18-year-olds--our future residents--are all using their cell phones for communication via text and researching information for product and service. Until now, I had never thought of using it as a mode of advertising." Making the Rank A listing on the first page of results on a search engine site, such as Google, Yahoo! or an apartment-specific Internet listing service, can be a jackpot for property owners. Search engine optimization Designing a Web site so that search engines easily find the pages and index them. The goal is to have your page be in the top 10 results of a search. Optimization includes the choice of words used in the text paragraphs and the placement of those words on the page, both visible and hidden firms specialize spe·cial·ize v. 1. To limit one's profession to a particular specialty or subject area for study, research, or treatment. 2. To adapt to a particular function or environment. in improving rankings for companies that use organic, or free, search engine rankings Search engine ranking is a measure of the online promotional success of a web page or website. Most search engines default to ten organic or natural listings per page. Many include sponsor links before or to the right of the results. , paid advertisements and pay-per-click listings. Pay-per-click is an advertising technique in which a company is charged a fee every time someone clicks on its link It guarantees a high ranking See Google bomb. on search engines and Web sites when a consumer types in specific keywords and phrases during a search. Prices can vary from pennies to dollars per click, making it affordable for smaller companies. Rankings rise when users link to a site and when the site has links to other relevant sites. Partnering with quality providers lifts ranking because more users visit their sites. Mark-Taylor Residential partners with others to offer services to clients on its property management Web site. Residents can click on the Web site to book tee times, pay rent and schedule maintenance and other services. This ratchets UD rankings on search engine listings and provides top service to clients, said Tina Makssour, Director of Sales and Training. Mark-Taylor recently was named the top company in the country by Rent.com for converting leads to leases. "It's not enough to just have the best Web site in the industry because our consumer doesn't rate us against the industry," Mark-Taylor President Dale Phillips said. "They rate us against all other Web sites." Tips for Better Rankings * Register a Company's Web site on as many sites as possible, including Google, Yahoo! and the Open Directory Project. * Think of "optimal, keywords and phrases that consumers will type into a Search engine to find an apartment: Include them in Site titles and text. * Limit the number Of links page to fewer than 100. * Describe photos and graphics. Many search engines cannot find text inside a graphic or image. An HTML HTML in full HyperText Markup Language Markup language derived from SGML that is used to prepare hypertext documents. Relatively easy for nonprogrammers to master, HTML is the language used for documents on the World Wide Web. site map, with a link from a welcome page, can help make sure all pages are crawled: Google and other search engines offer site map tools for free. Improving the Odds Free tips on search engine ranking are available from a variety of sources including: * Yahoo Search Engine Optimization. Tips from independent third parties. * Webmaster A person responsible for the implementation of a Web site. Webmasters must be proficient in HTML as well as one or more scripting and interface languages such as JavaScript and Perl. They may also have experience with more than one type of Web server. See Web administrator and Webmistress. World. Discussion forums offer pointers on Web search. * Google Webmaster Tools. Advice on how to optimize optimize - optimisation a site's coverage in Google's search index. * RegisterEverywhere Inc. Search engine marketing tools include a keyword picker and related word generator, a Web site analyzer analyzer /ana·ly·zer/ (an´ah-li?zer) 1. a Nicol prism attached to a polarizing apparatus which extinguishes the ray of light polarized by the polarizer. 2. and ranking reports. By the Numbers: Online Leasing Soars * Percentage increase per property of online leasing growth from 2004 to 2006:92 * Percentage of people who moved last year who went online to search for housing: 77 * Percentage of people ages 18 to 29 renting apartments who made reservations online last year: 50 Source: Donna Hickey, Property Management Consultant Free Resources Online tools for tracking traffic and protecting against fraud include: * Google Analytics Google Analytics (GA) is a free service offered by Google that generates detailed statistics about the visitors to a website. Its main highlight is that a webmaster can optimize his/her AdWords advertisement and marketing campaigns through the use of GA's analysis of where the . This new service records how visitors find a Web site and interact with it. Users can identify navigational bottlenecks that keep them from completing conversion goals. Find out how profitable keywords are across search engines. An added bonus: easy-to-understand visually enhanced reports. * Copyscape, Find out who's scraping (1) Extracting data from output intended for the screen or printer rather than from original files or databases. For example, Web pages formatted in HTML are often scraped. whom. Dedicated to defending users' rights and fighting against content theft. A free service finds copies of the content on the Web. Other services are available for a fee. Victoria Harker is a freelance writer who lives in Scottsdale, Ariz. |
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