September 8, 2010

Marketing New Homes Online

New home marketing, social media, plus shared info, equals trust.Home Buyers Pursue Community Info

  1. On the Internet, perception of trust initiates a buying relationship.
  2. That relationship can then be leveraged to influence a favorable buying decision.
  3. The sales cycle continues with the informed buyer leveraging relationships with other information seekers, thereby potentially influencing another favorable buying decision.
  4. New Home Marketing 2.0 is the resulting outcome from the trust built with shared knowledge.

New Home Buyers desperately need information about the homes that you sell.

The closer that the new home buying prospect gets to the information they seek, the faster they travel through the sales cycle. Additionally, the less information received by home buying prospects will equate to a longer buying decision.

All efforts must be made by home builders to remove obstacles and informational road blocks between home buyers and the info they need to make a favorable home buying decision.

If the desired information found at the “core” of the buying decision is found to be accurate and true (regardless of profit to the seller) the decision to purchase your product has already been made… justified by the shared knowledge found.

New Home Marketing Begins with Trust

Our home building industry today is mostly unaware of the “power shift” that web technology has created in the minds of our home buying prospects.

Recent software developments and the implementation of fast, real time communication has decreased the resistance of new home information flow to the consumer; while increasing the speed and efficiency by which the same information is received.

The home building industry as a whole has bullied the housing consumer for decades; in the process hording all the pertinent information needed for a potential home buyer to make a favorable buying decision.

The cat has been let out of the bag regarding our information monopoly, and home buyers know it.

Because “the proverbial cat” will not get back into the bag, the dispersement of information about our products and services will not slow down; information will only increase in its ability to flow into the hands of our new home prospects.

We as an industry have got to stop fighting the winds of change with marketing and instead, build a new machine to harness the power of web technology and learn how to profit fairly from it.

Gone are the days whereby well deserving clients with money and good credit come to us meekly like lambs to the slaughter house. The”lambs” are now well informed, self educated, smart individuals, empowered with the secrets of shared knowledge found on the internet; and embittered by the mess we have made of ourselves and their sacred homes.

The new home buyer has become suspect of our decrepit ways.

Like Dorothy who discovers there is no magical powers behind the wizard’s veil – we too have been found uncovered and naked – left wanting and in shame.

Hope is not lost…

Tomorrow promises us a new chance to get it right, starting today.

We can change direction from within. We must adapt to the wants and needs of the shifting consumer. We have to retire our arrogant, self seeking, interruption marketing techniques – lest we wither and die. Financial ruin and bankruptcy is near for some, and a new beginning right around the corner for others.

Let’s create a new image of the home building industry.

One that matches the desires of our new home consumer. Let’s take action now, loving the fight back to the lines.

Let’s keep in mind, that we do more than create “lives” out of brick and stone.

Our creations house the very breath of life that is “community” – the essence of human nature for all man kind.

The golden rule for successful business has always been - give customers what they want, and make a profit by it.

Do you know what your customer wants?

Do you know what you want?

Are we not the same living flesh and blood as our customer…? just trying to iron out a happy existence with self respect for ourselves while keeping our family in tact?

Do you want to be cold called at dinner time while you are enjoying the only 30 minutes you get to spend with your spouse and honor roll kids?

How would you feel about making the largest purchase in your life and then left alone to deal with shoddy workmanship and unkempt promises?

We are not selling porn!

The product that we deliver should outlast most of the lives of those who deliver it. The home building industry cannot be about making a fast buck, we should be about making a lasting impression on a lifetime of someone’s memories.

We develop physical communities out of parcels of land, but cannot maintain relationships with those that we profit from. As an industry we want to increase profits by controlling construction cost - measuring materials down to the inch used on any given job site. But what is the real cost of broken promises to our customers?

How much is spent on damage control and reinventing our image? How many feet of lumber do you have to save to equal one satisfied homeowner referral?

A Glimpse of Model Home Tour Technology of Tomorrow

In a previous blog post, I mentioned the lack of innovation that most modern day home builders put into thier marketing efforts. Many of the same dry techniques have been used for decades, and by just about everyone else.

With the development of the Specindex site I have been extremely busy as of late, and almost forgot about that blog post. Then, sometime last week I came across this video at youtube; I paused for a moment to imagine the future of new home marketing.

Enjoy this entertaining peek at the intersection of New Home Marketing, and Technology Drive…

After watching this short demonstration of Jeff Han’s new Perceptive Pixel technology being perfected by Adobe, leave a comment with your ideas on how something like this can be used in your local home builder’s model home?

Read About the Future of Real Estate Marketing

I found a fantastic real estate marketing blog called the Future of Real Estate Marketing.

The author of this innovative blog is Joel Burslem. I think that his news and views about the state of the housing market with regards to marketing and technology in real estate is important enough to share it with our blog readers. So today, I decided to add to him to our massive blog roll that was mentioned in a previous post “Get Your Favorite Home Building News Here.”

Joel Burslem, is a marketing communications professional that has recently taken the leap from Hight Tech and consumer public relations, into Real Estate marketing; heading up the marketing of Oregon’s largest independently owned real estate company.

His blog offers an interesting take on the future of marketing related to the housing sector, and does a great job of discovering new ideas, trends, companies, and the emerging technology our industry is unraveling.

You can learn more about Joel by reading a short interview of him here.

Or better still, learn something new about the Future of Real Estate Marketing today by visiting the blog that is sure to make him famous.