online marketing and advertising for the apartment industry
DESCRIPTION
Apartment Industry/Multifamily Industry Marketing and Advertising Strategies. Understanding the value of SEO and PPC using Property Solutions.TRANSCRIPT
ONLINE MARKETING:FOCUS ON DATA, NOT DOLLARS
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AGENDA
01
THE PAIN
Common pain pointswhen trying to analyze your
online marketing data
02
WHERE TO START
Having the data thatreally matters at your
finger tips
03
TRIED & TRUE
The must-haves of any online marketing
strategy
04
TAKE-A-WAYS
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Q&A
Top action items from expert panel in the
industry
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THE PAIN
Creating a strategy on a budget? Trying to engage more
customers? Inability to measure marketing campaigns
effectively? Lack of meaningful reporting across marketing
tools? Lack of buy-in?
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LORI WEBB
Lori Valenti Webb oversees the marketing team at Associated Estates and is responsible for the planning, development and initiation of the property marketing strategies across the portfolio. Lori is directly responsible for the marketing and pre-lease success of the company’s 5 current lease up properties. Lori brings over 7 years of property management and marketing experience to her role at AEC. Prior to joining she worked for Riverstone Residential Group as the Regional Marketing Manager. She has been awarded National Achievers Awards and multiple other company awards. Lori is a licensed Real Estate broker in both North Carolina and California. She is passionate and innovative and brings a high-level of experience and perspective to her teams. Lori is dedicated to providing her teams the best resources possible, including the optimal return on investment. She holds a Bachelor’s Degree in English and Marketing from the University of Massachusetts, Boston.
Biography
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BiographyOriginally from Houston, Texas. Graduated from St. Edward’s University in Austin, Texas with a degree in Graphic Design.
Began working as a designer in the marketing department at American Campus Communities. Moved up to Creative Marketing Coordinator overseeing a portfolio of 25 owned and 34 managed assets. Began working with freelance clients, local businesses mainly, to manage and direct their online presence.
Hired by Ambling Management Company in August 2013 as Director of Online Presence.
MIKE ROZELLE
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BiographyChristine Millier holds the recently created position of Digital Marketing Manager for Monogram Apartment Collection.
She is responsible for managing a wide range of online marketing programs for 35 stabilized communities and 12 new developments, including SEO, SEM, Google+/Google local, social media, multifamily ILS advertising and reputation monitoring. Christine has extensive knowledge of the Property Solutions platform—she designed, built and launched 280 community websites over the past two years, resulting in over 2 million unique visitors. Additionally, Christine participated in beta testing a number of new PSI products at her previous company, Laramar communities. Christine draws from over eight years of multifamily leasing, beginning at the site level. Her practical, hands-on approach combines extensive technical expertise with actionable, strategic practices.
CHRISTINE G MILLER
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WHERE TO START
Google Analytics? Leads & Leases Reporting? On-Site Staff Feedback?
Top Metrics
• Overview
• All traffic
• Analyzing web activity by each traffic source
• Demographics of site traffic
• Analytics by region/market
• Time on site
• Pages visited
• Referral traffic
• Social interaction
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GOOGLE ANALYTICS
• Define success by highest conversion rate sources
• View 90 day trends• Optimize top down• 80/20 rule
At First Glance
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Manual Data Entry Source Leads Leases Conversion RateYes RentLinx.com 2 1 50%No Apartment List 911 310 34%No realtor.com rentals 35 9 26%No MyNewPlace.com 48 12 25%No Rent.com 1331 302 23%No Craigslist 410 85 21%Yes AEC Property Website 1169 237 20%Yes Rentals.com 21 4 19%Yes YellowPages.com 6 1 17%No Apartments.com 1600 218 14%Yes ApartmentRatings.com 32 4 13%Yes Local Web Advertising 33 4 12%Yes Other Internet Source 1647 199 12%Yes Google Maps/Local Listing 703 71 10%No ForRent.com 994 97 10%No ApartmentFinder.com 374 35 9%No ApartmentGuide.com 2829 205 7%Yes Facebook 32 2 6%Yes Hotpads.com 37 2 5%No Zillow Rental Network 1244 60 5%Yes Yelp 30 1 3%Yes ApartmentShowcase.com 3 0 0%
613 85 15%Averages
On 2nd Look
• Half of the data is manual entry• Highest converting source only
brought in 1 lease in 90 days• How do you hedge human error
Filling the Gap• Importance of staff training• Compare apples to apples
as much as possible• Educated decision
LEADS & LEASES
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TRIED & TRUE
Consider five tried-and-true marketing strategies in the multi-
family housing industry today. Whether you’re just getting
started with these or you’re well on your way of perfecting
them, learn more about what’s worked well for your peers in
the industry.
Tips
• Activity is key
• Ideal ratio > 6 non-SEO posts to 1 SEO post per week
• Quality “share-worthy” content that is entertaining,
educational, and engaging
• Images are re-shared 2x more than non-image postings
• Always use geo-tagging for SEO purposes
• On-site staff buy-in is a must
Statistics
• 1.28 billion monthly active users on Facebook
• Average time spent on Google+ is 7 minutes per month
• 78% of Twitter’s active users are on mobile devices
• 50 million users signed up on Instagram in the last 6 months
• 80% of Pinterest users are female
• 6 billion hours of video is watched on YouTube per month
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SOCIAL MEDIA
Monitor & Respond
• 50 million businesses worldwide occupy a presence on Yelp
• 96% of Yelp users across devices visit the site specifically for the ratings & reviews
• A Harvard business school study found that even a 1-star rating increase on Yelp translates to a sales increase of 5% to 9%
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REPUTATION MANAGEMENT
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• There’s no one-size fit all ILS as indicated by the data above• Evaluate ILS results by market before cutting or adding ILS resources
Internet Listing Services Las Vegas Chicago Dallas Phoenix Los Angeles Aurora Atlanta Austin Denver Salt Lake City Orem MesaApartmentGuide.com
Apartments.com Craigslist
ForRent.com Rent.com
ApartmentFinder.com MyNewPlace.com realtor.com rentals
Apartment List ApartmentSearch.com
LiveLovely Zillow
Zillow Rental Network Rentals.com
4Walls.us RentBits.com
RentCafe Rentwiki.com /
RentAdvisor.com
Vacancy.com ApartmentGuide Application
ApartmentShowCase ApartmentSmart.com AptLivingGuide.com
RentJungle.com Walk Score
Legend: No Leads Less than Average Leads Average Leads Higher than Average Leads
ILS PRODUCERS
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Real Results
• CTR has improved 62%
• Avg. ad position improved 9%
Significant Advantages of PPC
• Instant traffic
• Highly targeted campaigns
• Measurable results
• Remarketing to all traffic
Apr-14 May-14 Jun-14 Jul-141.00%
1.50%
2.00%
2.50%
3.00%
0.10
0.60
1.10
1.60
2.10
1.48%
2.39%
1.89 1.72
Click-through-Rate & Avg. Ad Position Across Portfolio
CTR Avg. Position
Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-140
100200300400500
30
342
48
362
Monthly Clicks Performance
Varela Cantabria at Turtle Creek
PAID SEARCH
• Arpeggio Property – 377 units• 1734% Increase in Organic Search Traffic Year-over-Year• 438% Increase in Guest Card Submissions Year-over-Year
SEO: HARNESSING THE POWER OF GOOGLE
Jun
2013
Jul 2
013
Aug 2
013
Sep 2
013
Oct 2
013
Nov 2
013
Dec 2
013
Jan
2014
Feb 2
014
Mar
201
4
Apr 2
014
May
201
4
Jun
2014
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Before & After SEO: Arpeggio
Organic Search Traffic Guest Card Submissions
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SEO Services started Dec 2013
Start Pointing
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Understanding Google’s Latest Change
• Part 1 of a 6-part local search overhaul
• US based Google test
• Sample size of one billion searches needed
• Local search intensifying in difficulty and skill
PIGEON UPDATE
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TAKEAWAYS
Putting the dollars behind the data. Key takeaways for today and what to watch for in the near future.
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2010
Educating your teams on how to properly key in a
traffic source to help management make the best
marketing decisions possible
STAFF TRAINING
Getting more involved in the tried & true marketing tactics earlier than later.
2011
DIVE RIGHT IN
Hold your vendors and your strategies to
the test. Test 1 or 2 new marketing
tactics at a time.
2014
TEST, TEST, TEST
Going back to the basics. Making sure
you have your website, your social accounts,
etc. all built-out
BUILDING BLOCKS
Marketing landscapes change.
Be flexible and adjust accordingly
to survive.
BE FLEXIBLE
Evaluate lead sources routinely. Fund what’s
working more and reallocate what’s not.
2014
ROUTINE CHECK-UPS
TAKEAWAYS FOR TODAY
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2009
• Flyers• Balloons• Signage
2010
• Individual Property Websites
• ILS’s
• Facebook• Twitter• Pinterest• Instagram• Foursquare
2011 2013
OFFLINE“Stone Age”
ONLINE“Presence Established”
SOCIAL“Content Created”
WEB VISIBILITY“Content Leveraged”
• 360 Tours• Responsive Design• Mobile Apps
USER EXPERIENCE“Engaging”
2014+
• SEO• PPC• Reviews• Reputation
Management
ON THE HORIZON
Q & A
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SESSION FEEDBACKText “Feedback” and your commentsto 22333 or visit pollev.com/property