internet lead generation
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INTERNET LEAD GENERATION. Steve and Kat Sanders 951-847-7353 [email protected]. Why You Are Here. Introduction. Goal of the Class:. - PowerPoint PPT PresentationTRANSCRIPT
Goal of the Class:
Introduction
Page 3
Why You Are Here
Internet Lead Generation is designed to teach you how to create an effective web presence, generate a massive amount of leads to it, and convert those leads into active clients. We will also show you how to create your economic strategy, how to budget for your Internet presence, and how to integrate key hires for your Internet business into your team.
• The Internet in Real Estate
• The Internet Economic Model• The Internet Lead Generation Model:
Create and Maintain Your Internet Presence
• The Internet Lead Generation Model:Lead Generate for Traffic
• The Internet Lead Generation Model:Capture, Cultivate, and Convert Leads
Introduction
Page 4
What You Will Learn
• The Internet Budget Model
• The Internet Organizational Model
• Putting It All Together
Introduction
Page 5
What You Will Learn
Objectives
• The Internet
• The Goal of a Real Estate Website
• What Is an Internet Lead?
• The Online Consumer Experience
• Internet Mythunderstandings
• The Four Key Models
Page 8
Chapter 1: The Internet in Real Estate
• What is it?1969 – U.S. Department
of Defense1983 – Concept of the
“Internet”1991 – CERN1993 – Mosaic (first
web browser)1990 – Archie (first
search engine)1996 – Internet adopted
by pop culture
Fig. 1.1 First website – CERN’s WorldWideWeb site created by Sir Tim Berners-Lee
The Internet in Real Estate
Page 9
The Internet
• Do people use it?• 79% of Americans go online• Spend an average of 13.3 hours per week on Internet• 66% access the Internet from home
• How do they use it?• Internet shopping (consumer revolution)• Email, instant text messaging, etc. (communications
revolution)• Mobile Internet access
The Internet in Real Estate The Internet
Pages 9-10
The Internet in Real Estate
Page 10
The Internet
Question
What has the Internet allowed you to do that you couldn’t do before?
The Internet in Real Estate
Page 11
The Goal of a Real Estate Website
Question
Why do consumers go to a real estate website?
1. Homes for sale
2. Information about an area
3. Value of their home
Only 3% of Internet buyers went online to look for an agent in 2005.
Answer
The Goal of a Real Estate Website
• The Enticement• Birth of “multiple listings” concept• Growth of Multiple Listing Service (MLS)• Arrival of Internet Data Exchange (IDX)
The Internet in Real Estate
Pages 11-12
The Goal of a Real Estate Website
• Lead Capture• IDX Registration• Buyer Instant Notification System (BINS)
• CMA Request Form – Homevalues.com
The Internet in Real Estate
An IDX tool that allows buyers to save their searches and automatically receive emails of new, matching
MLS listings from your site.
A BINS is …
Page 13
Common Consensus:
An Internet lead is “any consumer who registers through a website.”
Two problems exist with this definition:• Tracking the Lead Source• The Mind-Set
The Internet in Real EstateWhat Is an Internet Lead?
Page 14
The Internet in Real Estate
Page 14
What Is an Internet Lead?
Question
What’s the purpose of sourcing your leads?
Agents source their leads to determine:• Where their business is coming from.• And, therefore, where they should
spend their advertising dollars.
Answer
1. Tracking the Lead Source
2. The Mind-Set
Think of your website leads in terms of an open house.
TruthThe most successful agents view the Internet, not as a
generator of immediate business, but rather as a generator of immediate contacts—food for their
databases.
The Internet in Real Estate
What Is an Internet Lead?
Pages 15-16
The Online Consumer Experience
• Consumer Adoption of the Internet
• Who Is the Online Consumer?
• Do Online Consumers Use Agents?
• How Do Online Consumers Find Their Agents?
• Who Do Buyers Go Online?
• What Websites Do Buyers Visit?
The Internet in Real Estate
Page 17
1. Consumer Adoption of the Internet
Fig. 1.2 (Source: NAR “2005 Profile of Home Buyers and Sellers”
*Data for “Found Agent on the Internet” unavailable before 2000)
The Internet in Real Estate
Page 17
The Online Consumer Experience
1. Consumer Adoption of the Internet (cont.)
Fig. 1.3 (Source: NAR “2005 Profile of Home Buyers and Sellers”)
The Internet in Real Estate
Page 18
The Online Consumer Experience
Internet
User
Non-Internet
User
Age 39 46Marital Status 93% married 79% married
Household Income
$185,100 $151,200
Method of Finding Agent
88% aggregate site
60% search engine
47% yard signs
47% advertisements
Weeks spent searching before contacting agent
4.7 1.6
Weeks spent searching with
agent2 7
Agents interviewed
1.4 3.3
Preferred Method of
Communication
85% email
45% phone
100% phone
32% in person
Homes Visited 6.2 14.5Satisfaction with Agent
89% very satisfied
36% very satisfied
2. Who is the Online Consumer?
Fig. 1.4 (Source: CAR “2005 Internet vs. Traditional Buyer Study" and NAR “2005 Profile of Home Buyers and Sellers”)
The Internet in Real Estate
Page 19
The Online Consumer Experience
Two important characteristics about the profile of Internet consumers:– It’s a profile of Internet buyers—not sellers.– The Internet has made finding homes for
buyers easier for agents.
The Internet in Real Estate
Page 20
The Online Consumer Experience
Page 22
The Internet in Real Estate
3. Do Online Consumers Use Agents?
Fig. 1.5 (Source: NAR “2005 Profile of Home Buyers and Sellers”)
The Online Consumer Experience
Page 23
The Internet in Real Estate
4. How Do Online Consumers Find Their Agents?
Fig. 1.6 (Source: NAR “2005 Profile of Home Buyers and Sellers”)
The Online Consumer Experience
The Online Consumer Experience
7% of all buyers and 1% of sellers say they found their agents through the Internet.
86% of Internet buyers found their agent online.
CARNAR
Do Buyers and Sellers Find Their Agents Online?
Fig. 1.7 (Source: CAR “2005 Internet vs. Traditional Buyer Study” and NAR “2005 Profile of Home Buyers and Sellers”)
Page 23
The Internet in Real Estate
4. How Do Online Consumers Find Their Agents? (cont.)
Page 24
The Internet in Real Estate
5. Why Do Buyers Go Online?
Fig. 1.8 (Source: NAR “2005 Profile of Home Buyers and Sellers”)
The Online Consumer Experience
5. Why Do Buyers Go Online? (cont.)
Page 25
Fig. 1.9 (Source: NAR “2005 Profile of Home Buyers and Sellers”)
The Internet in Real Estate
The Online Consumer Experience
The Internet in Real Estate
Page 26
6. What Websites Do Buyers Visit?
Fig. 1.10 (Source: NAR “2005 Profile of Home Buyers and Sellers”)
The Online Consumer Experience
The Internet in Real Estate
Internet Issues
Page 27
The CRT’s “2005 Technology Efficiency Study” shows that only 68% of Realtors have a website
and 60% of those who have a site don’t do anything to maximize traffic.
Are Agents Using and Marketing Websites?
The Six Mistakes between You and Success on the Internet Are …
The Internet in Real EstateInternet Errors
Page 28
Myth One
I’m not a “techie.”
The Internet in Real Estate
Nor should you be! Hire somebody or use templates.
Truth
Pages 28-29
Internet Issues
Myth Two
I don’t need a website.
The Internet in Real Estate
Yes, you do. You just don’t know it yet.
Truth
Page 29
Internet Issues
Myth Three
If they need information, they can just call me.
The Internet in Real Estate
Sure they can, but that’s not the point.
Truth
Page 30
Internet Issues
Myth Four
Websites are too expensive.
The Internet in Real Estate
No, they don’t have to be, and besides, they’re a great investment.
Truth
Pages 31-32
Internet Issues
Myth Five
I can’t compete on the Internet.
The Internet in Real Estate
Yes, you can, and it’s simpler than you think.
Truth
Page 32
Internet Issues
Myth Six
Internet leads aren’t good leads.
The Internet in Real Estate
Every lead is a good lead if you have an effective way to convert it.
Truth
Page 33
Internet Issues
Myth Seven
My web site should be all about how good I am.
The Internet in Real Estate
People don’t care how good you are. They are there to get information. Give them what they want.
Truth
Page 33
Internet Issues
We asked Internet agents:– How many visitors were coming to their site?– What percentage were buyers and what percentage were
sellers?– How many registered?– How many of those registrations turned into appointments? – How many of those appointments turned into agreements? – How many of those agreements turned into closed sales?
The average conversion rates were … (see next slide.)
The Internet Economic Model
Page 39
Points of Conversion
Seller Rates Buyer Rates
Visitors by Type 15% of total visitors 85% of total visitors
Visitors to Registrations
20% 3.25%
Registrations to Appointments
5% 5%
Appointments to Agreements
80% 65%
Agreements to Sales 65% 80%
Website Conversion Study (Fig. 2.1)
Page 39
The Internet Economic Model
Top agents in our study received between 70,000 and 120,000 visitors to their site
per year.
Let’s look at what happens if your lead generation efforts drive 100,000 visitors
per year to your website …
The Internet Economic Model
Page 41
Conversion Rates
Total Visitors to Site
100,000
Seller Side Rate1 Buyer Side Rate Ideal Buyer 2 RateVisitors by
Type15,000 15% 85,000 85% 85,000 85%
Visitors to Registrations
3,000 20% 2,762.5 3.25%
5,950 7%
Registrations to
Appointments
150 5% 138.13 5% 595 10%
Appointments to
Agreements
120 80% 89.78 65% 416.5 70%
Agreements to Sales
78 65% 71.83 80% 333.2 80%
Gross GCI3 $468,000 $430,950 $1,999,200Total Gross
(Seller + Buyer)$898,950 $2,467,200
Cost of Sale $46,800 10% $215,475 50% $999,600 50%Expenses $140,400 30% $129,285 30% $599,760 30%
Net $280,800 60% $86,190 20% $399,840 20%Total Net $366,900 (41%) $680,640 (28%)
1There was little variance in seller conversion rates, so no ideal seller rate.2“Ideal Buyer” column uses the best registration, appointment, and agreement rates found among agents in the study.3Assumes average commission of $6,000.
Page 41
Fig. 2.3
Buyers are the Overwhelming Majority of Website Visitors• 85% of visitors were buyers
• 15% of visitors were sellers • Sellers are Much More Willing to Register
• 20% conversion rate for sellers• 3.25% conversion rate for buyers
Page 42
• Number of Visitors• Where you advertise• What you advertise• How you advertise
• Visitor to Registration Conversion Rate• How well your site matches your marketing promise• How quickly consumers are able to find what they're
looking for• How you get consumers to register
• Registration to Appointment Conversion Rate• Whether your follow-up meets their needs• How aggressive your follow-up is• How consistent and sustained your follow-up is
Page 47
The Internet Lead Generation Model
Elements of a Great WebsiteAnatomy of
a Website
6.6. Points of Interest Points of Interest
1.1. Page Title Page Title
2.2. Navigation Navigation
3.3. Header Header
4.4. Body Body
5.5. Body Body
7.7. Ask for the business Ask for the business
Elements of a Great WebsiteWhat Makes a Website Great
Question
What really makes a website great?
Page 53
Answer
A great website is one that captures leads.
Elements of a Great Website
Myth
People go to my site to find out about me.
Internet consumers want to see properties and home values.
Truth
Page 53
Page 54
•Why are they there?•Emphasize what they are looking for•Make what they are looking for easy to find•Don’t baffle them with bull, dazzle them with brilliance
“Put what they want at the front of the store.”
– Sam Walton, founder of Walmart
Page 55
What Should Your Website Have on It?
Fig. 3.3
IDX and CMA are the two most important tools your site will have and the links to these tools should be the most prominent features on
your homepage.
• General– Credible, Branded Image
What are some things that you wouldn’t have on your site because they
would annoy visitors?
Question
Page 56
Elements of a Great Website
• General (cont.)– Calls to Action
• Sign up• Email me• Call me
– Compelling Domain Name• Keep it simple• Make it relevant• Get creative
The Internet Lead Generation Model
Pages 56-58
Domain Name
Domain Name
Domain Name
Elements of a Great Website
Myth
All of the good names have been taken.
Through creative wording, use of spacing characters like hyphens, and different
top-level domains (e.g., .com, .net, .info, etc.) the possibilities are endless.
Truth
The Internet Lead Generation Model
Page 59
• Buyer: Tools– IDX/KWLS Search
• BINS Listing Drip• Search Saver• IDX Property Forms
• Buyer: Tools– IDX Map Searching– Featured Property Forms
Buyer: Content– Community/Neighborhood– Home-buying Process– Schools– Relocation– First-time Buyer– Mortgage
Page 63
• Seller: Tools– Home Value Request– Enhanced Featured Properties
• Detailed descriptions• Multiple photos• Virtual tours• Property-specific domains
Pages 64-65
• Seller: Tools (cont.)
Multiple Photos for Your Listings
Page 66
Seller: Content– Market Statistics– Home-selling Process Information– Refinancing Information
Page 67
Truth
Great content is everywhere.
Content
Pages 68-69
1)Community Organizations2)Using What You Have3)Buying Content
Target Marketing with Multiple Websites
1. Main Site
Features:
1. IDX with Search Saver
2. Comparative Market Analysis
3. Buyer and Seller Content
4. Keyword- or Brand-oriented Domain
Name (e.g., TulsaHomes.com or JaneSmith.com)
Marketing: search engines
3. Seller Site
Features:
1. Comparative Market Analysis
2. Seller Content
3. Seller-oriented Domain Name (e.g., Cityhomevalues.com)
Marketing: Just Listed/Sold postcards
4. Niche Site
Features:
1. IDX with Search Saver
2. Comparative Market Analysis
3. Niche-specific Content
4. Niche-oriented Domain Name (e.g., name of neighborhood, property type, etc.)
Marketing: geographic farming.
2. Buyer Site
Features:
1. IDX with Search Saver
2. Buyer Content
3. Buyer-oriented Domain Name (e.g.,Cityhomesearch.com)
Marketing: homes and land magazine
Target Marketing with Multiple Websites
How to Have Multiple Sites and Only Pay for One
Create the illusion of multiple sites with separate domain names that point to different pages of your website.
Page 73
Template or Custom Website?
Page 76
Myth
I have to have a custom website.
For most purposes, a template site works just as well.
Truth
Template or Custom Website?Three main reasons agents purchase a
custom website:– Aesthetics/Branding– Functionality– Search Engine Optimization (SEO)
TruthIt is much more difficult to get to the top of search
engine results using templates than it is using a custom site.
The Path to a Custom Site
Template or Custom Website?The Internet Lead Generation Model
• The Internet Lead Generation Model• Elements of a Great Website• Target Marketing with Multiple Websites• Stealth Websites• Template or Custom Website?
What are your Aha!’s?
Page 80
We Have Talked About …The Internet Lead Generation Model
Objectives• Internet Lead Generation• The Path of the Internet
Consumer to the Agent• Offline Marketing• Search Engine Marketing• Related Sites Marketing• Measuring Success
Page 82
Chapter 4: The Internet Lead Generation Model – Lead Generate for Traffic
Internet Lead Generation
“Many business executives who begin to build an Internet presence for their firm are surprised to learn that the effectiveness of their Internet presence requires that they advertise it. ‘Advertise my advertising?’ Yes, advertise your advertising.”
- Barbara G. Cox and William Koelzer, Internet Marketing
Page 83
The Internet Lead Generation Model
Internet Lead GenerationThe Internet Lead Generation Model
Page 83
Truth
You have to market your site if you want visitors.
Internet Lead GenerationThe Internet Lead Generation Model
Page 83
For the top Internet agents, it’s simple …
If consumers are beginning their search online and the first agent to the table
wins, then it makes sense to be where the consumers are to increase your
odds of being first.
The Path of the Internet Consumer to the Agent
60 % of Internet buyers say they found their agent through search engines.
However, of the same buyers, 88 % say they found their agents on listing aggregator sites (e.g., Realtor.com).
According
to CAR
The Internet Lead Generation Model
Page 84
They go looking for listings, and when they find your listing, they find you! This is
why promoting your listings on as many sites as possible is so important.
In other words …
Page 85
The Path of the Internet Consumer to the AgentThe Internet Lead Generation Model
Fig. 4.1
The Path of the Internet Consumer to the AgentThe Internet Lead Generation Model
Page 86
The top Internet agents take a balanced approach, marketing their websites both online and offline.
The key to successful website
lead generation …
1. Offline Marketing
QuestionKnowing that buyers want houses and
sellers want home prices, what do you think the two most important calls to
action to drive consumers to your site would be?
The Internet Lead Generation Model
Page 87
Get your free home evaluation.
For Sellers
Search for homes for sale in the area.
For Buyers
Your Main Marketing Messages
Offline Marketing Sources– Yard Signs– Fliers– Print Ads– Direct Mail– Promotional Items
1. Offline MarketingThe Internet Lead Generation Model
Page 88
A Primer on Search Engines
• Which Search Engines Matter
• How Search Engines Work
• The 2 Ways to Get Results through Search Engines
• Keyword Competition on Search Engines
2. Search Engine MarketingThe Internet Lead Generation Model
Page 90
Fig. 4.3 Nielsen NetRatings Search Engine Ratings, November 2005
NOTE: These percentages will change over time. To find up-to-date numbers for these ratings, google “Nielsen NetRatings.”
1. Which Search Engines Matter
2. Search Engine MarketingThe Internet Lead Generation Model
Page 90
• How Search Engines Work– “Indexing”– Submit your site– Search engine will send out “crawler” bots– Keyword matches
2. Search Engine MarketingThe Internet Lead Generation Model
Page 91
3. The 2 Ways to Get Results through Search Engines
2. Search Engine MarketingThe Internet Lead Generation Model
Fig. 4.4 The Two Types of
Search Engine Results
Pages 91-92
2. Search Engine MarketingThe Internet Lead Generation Model
Page 92
4. Keyword Competition on Search Engines
41 % of search engine users won’t go past the first page of results, and 26 % stop
after the second page.
iProspect, a search engine marketing firm, found …
2. Search Engine MarketingThe Internet Lead Generation Model
4. Keyword Competition on Search Engines (cont.)
• How to Choose Your Keywords Wisely• Targeted Keywords Can Help You Compete• Keywords Will Determine Your Online Business
TruthWhich keywords you choose will not only
decide how much traffic you get, but it will also determine the type of
business you get.
Pages 93-94
• Marketing through Paid Results
2. Search Engine MarketingThe Internet Lead Generation Model
Page 95
Fig. 4.6 Google Sponsored Links
5 Steps to Set up a Pay-per-click Campaign– Write your ad text. Tell Google which webpage on
your site you want to show up in your pay-per-click ad.
– Decide which keyword(s) you want to bid on for that page.
– Set a daily budget.– You will then set your maximum cost per click,
which is the most you will pay per click.– Activate your account.
Pages 95-96
2. Search Engine MarketingThe Internet Lead Generation Model
2. Search Engine Marketing
Go Slow
The Internet Lead Generation Model
Page 97
Tip
It’s not necessary to have the highest bid in order to win the top spot on search engines. So
start your bidding low.
2. Search Engine Marketing
• Marketing through Organic Results
Two things that will get your site ranked– Keyword Density– Site Popularity
The Internet Lead Generation Model
Search Engine Optimization (SEO) is … Search Engine Optimization (SEO) is the art of trying
to get to the top of organic search results.
We say art because getting your page ranked in the organic search results is more of an art form
than a science.
Pages 98-99
The Internet Lead Generation Model2. Search Engine Marketing
Page 100
Write for consumers, not search engines.
Keyword Density Golden Rule
1. Keyword Density
1. Keyword Density Keyword Density Elements
– Page Title– Domain Name– Page Content– Alt Tags– Meta Tags– Links
The Internet Lead Generation Model2. Search Engine Marketing
Page 100
2. Search Engine Marketing
– Page Title
– Domain Name– Content
The Internet Lead Generation Model
Fig. 4.7 Page Title in Organic Ad
Fig. 4.8 Heading
Pages 101-102
2. Search Engine Marketing
Part of the program code of your website that allow you to get credit for keyword-related pictures on your site with
search engines.
Alt Tags are …
The Internet Lead Generation Model
Page 103
– Keyword Density (Elements)
– Meta Tags
– Links
The Internet Lead Generation Model2. Search Engine Marketing
Part of the program code of your website that allows you to list the keywords you think are relevant to your site content.
Meta Keywords are …
Part of the program code of your website that describes
your site to search engines and consumers.
A Meta Description is …
Pages 103-104
2. Search Engine Marketing
2. Site Popularity• Anchor Text Links
• Trading Links• Popularity• Relevance
The Internet Lead Generation Model
Pages 105-106
Fig. 4.11 Anchor Text
2. Search Engine MarketingThe Internet Lead Generation Model
Warning!
Be careful of who you trade links with. One of the big taboos in link trading is trading with “link
farms.” These sites have no relevant content and serve as nothing more than a place to
post links to several sites. Search engines do not like link farms and when they discover
them, will banish the farm site, as well as the sites they traded links with.
Page 107
2. Search Engine Marketing
Be Patient
The Internet Lead Generation Model
Tip
According to Google, getting to the top of the organic and paid results simultaneously can bring three times the number of clicks than if you simply placed in organic results alone,
and six times the number of clicks than getting to the top of paid placement alone.
Pages 107-108
2. Search Engine Marketing
Hiring Out SEO
The Internet Lead Generation Model
Truth
You’re an agent, not a programmer. If you don’t know how to optimize your site, hire someone
who does.
Page 108
• Listing Aggregators– Realtor.com– Craigslist– Google Base
• Directories
• Site Advertising
• Third-party Lead Sellers
3. Related Sites MarketingThe Internet Lead Generation Model
Pages 109-111
Figure 4.13 Realtor.com
Measuring Success
How do you measure the success of your website?
• How many unique visitors are coming to your site?
• What drove them to your site?• How many visitors are going to each
page?• How many visitors are registering for your
various forms?Pages 112-113
The Internet Lead Generation Model
• Internet Lead Generation• The Path of the Internet Consumer to the
Agent• Offline Marketing• Search Engine Marketing• Related Sites Marketing• Measuring Success
What are your Aha!’s?
We Have Talked About …The Internet Lead Generation Model
Page 114
Objectives
• Lead Capture
• Lead Cultivation
• Lead Conversion
Chapter 5: The Internet Lead Generation Model – Capture, Cultivate, and Convert
Leads
Page 116
The 3 C’s of Follow-Up
Fig. 5.1
The Internet Lead Generation Model
Page 117
1. Lead Capture
• The 6 Online Lead-Capture Opportunities– IDX Search– IDX Property Forms– Featured Listing Property Forms– CMA Request– Reports– Contact Form
Page 118
The Internet Lead Generation Model
• IDX Search
• The 3 Philosophies of Lead Cultivation– Passive– Active– Interactive
Truth
In our research, the most successful agents at converting registrations were those who personally follow
up with leads.
• Quick Response• 85% of Internet buyers say email is their
primary means of communication [CAR 2005 survey].
• When consumers email an agent, their expected response time from that agent is:• 21% expect a response instantly• 23% expect a response within thirty minutes• 17% expect a response within four hours
Page 130
Using Email and Text-Messaging to Respond Quickly
Truth
Quick response not only determines if you’ll get to work with them, it also determines whether you’ll get to work with them a second time.
Pages 130-131
• Compelling Content– Send Buyers:
• Emails about the buying process• Emails about the local market• Emails with mortgage information• Notices about new properties you’ve listed
– Send Sellers:• Information about selling a home• Information about the market• Tips to help them prepare to sell their home
Page 133
• Consistent CommunicationTiming is everything—and Internet leads take time … but
patience is a virtue with these leads.
A study by Real IQ of RealEstate.com’s Internet leads found:
1) Of those that closed, 65 % closed within six months of their registration (almost half of these closed between months three and four).
2) And of those that closed, 34 % closed seven to twelve months after registering.
Page 134
Your Website as a Tool at the Appointment• The Listing Appointment
3. Lead Conversion
• The Buyer Appointment• Explain to buyers that they will be set up on the
agent’s listing drip system • Explain to buyers that when they see a home that
they want to tour, they should let the agent know immediately
Page 141
Lead Generation Budget
$1,50015%3. Advertising on Related Sites
$2,45024.5%2. Search Engine Marketing
$6,05060.5%1. Offline Marketing
Dollar Amount to Source
Percentage to Source
Marketing Source
Lead Generation Costs for 17 Closed Units
Internet Budget
• Tracking Return on Investment• The Four Internet Budget Categories
The Four Internet Budget Categories
Operating Expenses
1. Technology
1) Website Setup
2) Website Maintenance
2. Lead Generation
3. Salary
Cost of Sale 4. Cost of Sale
Internet Budget Model
1. Technology Line Items• Website
Setup
The Internet Budget Model
Page 151
Fig. 6.5 The percentages shown for each line item represents the percentage of total expense of Website Setup.
Internet Budget Model
1. Technology Line Items (cont.)• Website
Maintenance
The Internet Budget Model
Page 152
Fig. 6.6 The percentages shown for each line item represents the percentage of total expense of Website Maintenance.
Internet Budget Model
• Lead Generation Line Items
The Internet Budget Model
Page 153
Fig. 6.7 The percentages shown for each line item represents the percentage of total expense of Lead Generation.
Internet Budget Model
• Salary Line Item
Internet Budget Model
Internet Operating Expenses
Level 1 Level 2 Level 3 Level 4 Level 5 Level 6
1. Website Setup $2,975.00 $2,975.00 $8,495.00 $13,004.00 $19,404.00 $25,804.00
2. Website Maintenance
$3,016.00 $3,274.00 $8,394.00 $14,136.00 $25,635.00 $32,255.00
3. Lead Generation
$600.00 $1,400.00 $5,070.00 $10,010.00 $23,100.00 $33,300.00
4. Salaries $0.00 $0.00 $5,000.00 $12,000.00 $24,000.00 $24,000.00
TOTAL INTERNET
OPERATING EXPENSES
$6,591.00
$7,649.00
$26,959.00
$49,150.00
$92,139.00
$115,359.00
Internet Budget• Cost of
Sales Line Item
Internet Chart of Accounts Definitions
• Website Setup Line Item Definitions– Custom Site Creation– Computer– Camera– Template Setup– Portable Internet Device
Pages 155-157
Internet Chart of Accounts Definitions
• Website Setup Line Item Definitions (cont.)– Videos, Virtual Tours, Podcasts– Enhanced IDX– Contact Management Software– Standard IDX Solution
Pages 157-158
Internet Chart of Accounts Definitions
• Website Maintenance Line Item Definitions– Ongoing Site Development– Contact Management Software– Internet Connection– Server– Computer Maintenance
Pages 158-160
Internet Chart of Accounts Definitions
• Website Maintenance Line Item Definitions (cont.)– Enhanced IDX– Portable Internet Device– Template Renewal– Videos, Virtual Tours, Podcasts– Standard IDX Solution
Pages 160-161
Internet Chart of Accounts Definitions
• Website Maintenance Line Item Definitions (cont.)– Domains– Webmetrics– Hosting
Page 161
Internet Chart of Accounts Definitions
• Lead Generation Line Item Definitions– Pay-Per-Click– Search Engine Optimization– Realtor.com– Follow-up Marketing– Lead Aggregator– Advertising on Related Sites
Pages 162-165
Two Key Internet Hires
From Job Functions to Team Roles
Truth
As your business grows, so too will your staff. Leverage through hiring can be both a way to do more of the things
you can do and a way to do things you do not know how to do.
Two Key Internet HiresLead Coordinator
Three Team Members Suited for Lead Follow-up:– You the Mega– Your Lead Specialist– Your licensed Lead Coordinator
Lead Coordination in the Internet Model
• Lead Management – recording leads as they come in, assigning the leads to the appropriate Buyer or Listing Specialist, and tracking the conversion of leads.
• Lead Follow-Up – servicing the needs of the lead and actively trying to convert them into an appointment.
Two Key Internet Hires
Job Duties of a Lead Coordinator
• Answer incoming calls and emails• Perform needs analysis• Record leads and lead sources in the database and launch leads on
follow-up action plans• Send out requested information• Place incoming buyers on IDX listing drip• Monitor IDX administration tool• Follow up with leads as necessary for conversion• Schedule buyer and listing consultations
• Assign leads to Buyer and Listing Specialists • Obtain client testimonials and referrals• Provide lead follow-up tracking, appointments, and conversions
reports to the Lead Specialists and Team Leader
Two Key Internet HiresWebmaster
• Outsourced Webmaster• In-House Webmaster
Job Duties of an In-House Webmaster
• Build custom sites• Update and maintain existing sites• Create virtual tours• Manage search engine marketing and advertising on related sites• Create and manage content for websites• Maintain hosting, domain names, and email accounts for the team• Create graphics and logos for websites and marketing materials• Maintain office computer network (preferred)
The Path to Internet Leverage
Question
What parts of your Internet presence could an assistant help maintain
for you?
The Internet Organizational Model
Page 179
Create virtual tours and post listings to website.
Help create content for your site (such as finding content from other sites like the chamber of commerce).
Help with follow-up.
Database leads if your website doesn’t feed directly into your contact database.
Send leads requested information, such as pre-listing packet or relocation packet.
Answer
Are You Ready to Hire?
Page 181
Question
When or how will you know when it is time
to hire a Lead Coordinator or Webmaster?
Are You Ready to Hire?Three Key Questions
– Who is going to do it? People
– How will they do it?Systems
– What will they do it with?Tools
Truth
There is no job too small to subcontract.
Pages 181-182
• Two Key Hires• The Path to Internet
Leverage• Are You Ready to Hire?
Internet Lead Generation Action Plan
Target Outcome• Get to the next phase in your Internet business.
Action Steps– Take a look at your Action Plan checklist. Make
sure you have checked off all accomplished items.– Assess where you are for each major topic.– Make sure that you have set attainable and time-
bound goals around taking the next steps in growing your Internet business.
Putting It All Together
Page 187