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New study reveals how realtors can make money on the Internet.


A recent analysis of the responses from 2,546 consumers seeking home-buying or selling information on the Internet Internet

Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the
 has revealed surprising news - real estate professionals may be missing opportunities for additional web-based revenue.

The study was conducted by Gooder Group, a Fairfax, Virginia-based publisher of lead-generating brochures, newsletters and other marketing materials. Consumers who requested direct response reports from Gooder Group's "Leads Online" program subscribers for the last two years were required to complete online questionnaires With the increasing use of the Internet, online questionnaires have become a popular way of collecting information. The design of an online questionnaire often has an affect how the quality of data gathered. . The survey was designed to reveal when prospective customers plan to move, whether or not they are currently working with real estate or mortgage professionals, and if prospects are shopping locally or globally.

Dan Gooder Richard, president of Gooder Group, said "One of the most significant discoveries from the study is the fact that 74 percent of the prospects were not working with agents, and 65 percent had not pre-qualified for a loan. Most Internet prospects are unattached and uncommitted, because they're early shoppers. There is incredible business to be had on the Web if real estate professionals are prepared to follow up prospects who are just beginning their home search with information gathering."

Richard observed that 70 percent of prospects expect to move in four months or more. If you only want to skim off the 30 percent cream who want to move in less than three months, you're missing out on more than two-thirds of the Internet market," said Richard, author of the book "Real Estate Rainmaker Rainmaker

An employee of a brokerage firm who brings a large amount of wealthy individuals or corporations to the brokerage firm's client base.

Notes:
Rainmakers are usually compensated very well for their efforts (or connections).
" to be published in fall 1999 by John Wiley John Wiley may refer to:
  • John Wiley & Sons, publishing company
  • John C. Wiley, American ambassador
  • John D. Wiley, Chancellor of the University of Wisconsin-Madison
  • John M. Wiley (1846–1912), U.S.
 & Sons.

Among other analyses done, Gooder group compared the zip code zip code

System of postal-zone codes (zip stands for “zone improvement plan”) introduced in the U.S. in 1963 to improve mail delivery and exploit electronic reading and sorting capabilities.
 of each prospect with the zip code of the Leads Online subscriber who received the e-mail request.

The zip code comparison revealed 63 percent of prospects already live in the same area as the subscriber. Of all prospects, 21 percent are living outside the subscriber's area and want to move to the subscriber's area. "It's interesting to note 11 percent of inquiries came from consumers who live outside the subscriber's area and are moving to yet another town," added Richard. "With these point-to-point moves, real estate professionals can use the lead information to generate referral business and expand their referral network."

The study also noted 3 percent of respondents In the context of marketing research, a representative sample drawn from a larger population of people from whom information is collected and used to develop or confirm marketing strategy.  are outbound out·bound  
adj.
Outward bound; headed away: outbound trains.

Adj. 1. outbound - that is going out or leaving; "the departing train"; "an outward journey"; "outward-bound ships"
 domestic relocations, and 2 percent are international inbound in·bound 1  
adj.
Bound inward; incoming: inbound commuter traffic.

Adj. 1. inbound
 relocations.

"Early on, some experts expected the World Wide Web to produce mostly relocation RELOCATION, Scotch law, contracts. To let again to renew a lease, is called a relocation.
     2. When a tenant holds over after the expiration of his lease, with the consent of his landlord, this will amount to a relocation.
 prospects. Now the numbers are in, and it's clear about two-thirds of Internet prospects currently live in the same zip code as the subscribing agent they queried. The biggest market by far is in our own backyard. Local prospects shopping locally," Richard said.

Gooder Group's survey also revealed 51 percent of respondents are currently renting, and 49 percent own. Further, 63 percent are interested primarily in buying, 15 percent in selling, 13 percent in relocating, and 6 percent in renting. Eighty-two percent are looking for Looking for

In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with.
 single-family homes.

Leads Online subscribers receive prospects' names, addresses and phone numbers, plus complete contact and property profile information.

Interested real estate professionals can visit Gooder Group's website at http://www.gooder.com for a demonstration of the Leads Online prospecting service. Gooder Group can also be reached by phoning (703) 698-7750 extension 674, to find out more.
COPYRIGHT 1999 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Real Estate Weekly
Date:Mar 24, 1999
Words:541
Previous Article:Fleet Bank provides construction loan for Harlem project.(funding for new housing project)
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