Are you prepared to take your property advertising to the next level?
Tenants and investors in today's market are spoiled for choice and increasingly demanding speed and frictionless user experiences when looking for new properties and investment opportunities, so it's more important than ever to stand out from the crowd with a carefully crafted marketing strategy.
More than eighty percent of today's homebuyers and renters start their search online. That's why it's crucial to have a comprehensive commercial marketing strategy, going above and beyond the standard fare of flyers, brochures, and listings, if you want to promote your property listings effectively and differentiate yourself from the competition.
Here are proven methods that will help you market property online and increase your revenue.
Determine your objectives and target market.
A good marketing plan for property starts with knowing your goals and who you're trying to reach. Without these, it will be difficult to develop a strategy that will appeal to potential customers and propel company expansion. It's important to answer these questions before moving forward:
· When making purchases, what are the most important factors that your ideal clientele consider?
· What websites does your target demographic frequent most often?
· How do you plan on contacting them?
· What kinds of works of art do you have to make?
· In what ways would equipment and materials help you?
· Can you tell me about your financial plan?
· How do you plan on gauging success?
Competitor analysis.
Conduct a quick analysis of how competing businesses sell their services and locations to get some inspiration for your own marketing strategy. Taking the time to articulate what makes your company stand out will provide the groundwork for all of your future advertising efforts.
Create a marketing strategy.
A property marketing plan is defined as follows. How can you even begin to write one?
A marketing plan can help you achieve your business goals by outlining your focus, target market, strategies, and key performance indicators.
Remember to incorporate the following into your strategy:
· Executive Summary Market Audience Budget Promotional Activity Metrics
· A solid plan for marketing commercial property will employ a variety of marketing approaches and make effective use of several types of leverage. Owned, Paid, and Earned Media.
· Earned media refers to the free channels, including search engine optimization and social media, that you normally "earn" through champions of your brand.
· Cost-per-click (CPC), banner (banner), remarketing (remarketing), and sponsored advertising are all examples of paid media.
· Your own websites, blogs, social media accounts, and email lists are all examples of owned media.
This marketing strategy should be dispersed among various channels to spread the risk and increase the likelihood of success. With this strategy in mind, you can begin sketching out the components you'll need to put it into action.
Content strategy.
Determine what content will be needed to sell a property based on the asset category and intended audience. Budgets for creating content for the presentation of an industrial property could be different from those of a residential development.
Think about the hardware and software you'll require.
Having the proper property marketing tools at your disposal is essential for carrying out a successful marketing campaign. A "marketing stack" is the collection of tools you employ to meet a wide range of needs and objectives. Listing presentations, email marketing, and contact management are only the tip of the iceberg.
If you want to avoid constantly switching platforms, give the technology selection process the care it deserves. The time and effort required to convert from one commercial property marketing platform to another might have a negative impact on productivity.
Organisations are more likely to achieve long-term growth and success if they centralize and improve all of their marketing-related activities.
Refresh your business's website.
The credibility and reliability of your business are reflected in the initial impression you make on potential customers when they visit your website. It's a great marketing tool for showcasing company updates, showing off your expertise via blog articles and white papers, and promoting your properties with the help of a commercial property search engine.
Having an interactive website for your properties is a terrific way to advertise them. Not only do they work as a digital hub for your commercial property marketing activities, but they may also add "wow" factor, making it easier to engage and convert site visitors.
Successful property websites typically have material like:
· Expertise in both still photography and video/3D virtual tours of property
· Data on availabilities
· PDFs of Floor Plans
· Free, Animated Maps
Construct niche email lists and send more relevant messages.
When it comes to commercial property, email marketing is one of the most cost-efficient ways to reach prospects, start dialogues, and close agreements.
One of the most significant marketing actions you can take to boost your sales or leasing efforts is building and segmenting a database of potential customers for sending targeted email communications. Your website, blogs, and lead capture pages are excellent places to begin. Make sure you have a strategy in place to expand and nurture your user base, whether you save your contacts manually, utilize a property email marketing software, or a commercial property customer relationship management system.
Post ads on property websites.
Advertising property for lease or sale on commercial property listing services and portals is an efficient strategy since it allows you to reach a large number of people who are likely to be interested in what you have to offer.
Make a Google My Business page.
Google My Business is a free tool that may be used to boost a local company's internet presence. Users can quickly access results that are customized to their current geographic location and search query.
You can increase your property's exposure by adding it to Google Maps and the first page of search results by creating a Google my Business listing. Researchers will be able to locate your home and learn more about the area before coming to visit.
You can use a company profile to share images, announce new deals, and address customer feedback. In addition, it can be used to ensure that searchers always have the most up-to-date contact information for your company.
Search engine optimisation of your site.
Create an SEO strategy for property as soon as you can. Having a high search engine ranking can have a dramatic effect on your company by attracting tenants, brokers, and investors to your website.
To succeed at content marketing, you must stand out from the crowd.
Produce something of superior quality that serves a purpose or entertains. Several methods exist for this, such as writing blog entries, conducting market research, creating infographics, and making movies.
Feed your network with valuable information.
One of the most effective ways to keep your business at the forefront of your contacts' minds and to cultivate leads until they are prepared to act is to provide them with helpful content.
Produce something of superior quality that serves a purpose or entertains. Several methods exist for this, such as writing blog entries, conducting market research, creating infographics, and making movies.
Disseminate your material via social media.
Promoting your business on social media is a great method to get your name out there and attract new customers. Property agents who are social media savvy use these platforms to generate leads, communicate with other agents, and build relationships.
Develop a plan for sponsored social media content promotion.
Performance-based commercial property advertising campaigns on social media platforms like LinkedIn, Twitter, and Facebook are another way to spread the word and attract new visitors. Advertisers may choose precisely who sees their messages, when they see them, and where they see them using these channels.
Distribute press statements frequently.
Sending out press releases can help you get in touch with editors and writers at publications where your company could be featured.
Before distributing a press release, it is important to identify the appropriate contacts at the publications you intend to use. The success of your message depends on whether it reaches the intended audience.
Many of them would like it if you sent them content, so they will provide an email address in their social media profiles or as a byline for prior items they have written about commercial property.
Your own personal "black book" of influential people will form organically over time. You can save tens of thousands of dollars on PR firm expenses because most of their time is normally spent on outreach, if you have this.
Even if no one responds to your initial press release, keep trying. You never know which one will catch on.
It can pay dividends to cultivate connections with influential people, media, and blogs. Though it may take some time, press coverage can have a tremendously beneficial effect on your marketing efforts and brand awareness.
Google AdWords keyword campaign
Your potential customers may be looking for terms relating to your commercial property or business right now, since Google processes 500 million queries per day. While Google AdWords is a potent acquisition channel, the cost of property-related keywords can be prohibitive depending on your market. Fortunately, with Adwords, you can set a daily spending limit on your ads and cancel them whenever you like.
Create display ads
Advertising your brand through a display of some kind can instantly reach hundreds, if not millions, of people. Use ad networks like Adwords to promote your commercial property, as they offer precise targeting and let you choose which sites to feature your ads on.
Remarketing is a great way to target your audience.
There is more to remarketing than banner ads. A cookie is placed on the user's computer when they visit your site, allowing you to track their online activities and serve them targeted advertisements across the web. This might be a useful strategy for keeping your property listing or business site "top of mind" among previously engaged visitors.
Participate in conferences and exhibitions.
It goes without saying that conferences and other gatherings focused on commercial property are excellent places to make connections, learn about new opportunities, and gain insight into the status of the market.
It's challenging to get such a high volume of in-person encounters and relationship building through other forms of advertising. However, a well-defined event marketing plan is essential due to the high cost of attendance and involvement.
Place ads in industry publications.
Thousands of people in the property business, including investors, agents, and other professionals, read trade journals and online media every day. Almost all professional publications provide advertising space that might promote property to either a broad national audience or a niche regional market.
Advertising in commercial property trade periodicals is an effective method of raising brand awareness, establishing reputation, and attracting new clients.
Use video on your property listings.
Marketing property with video is effective because viewers can get a feel for the space even before they set foot on the premises.
Viewers can get a feel for the property's size and layout from a video tour, which might pique their curiosity and hasten their final decision. Sharing videos and 3D virtual tours on social media and other online platforms can further increase the property's exposure to potential customers.
Assess your progress.
Measuring the effectiveness of your property marketing efforts is essential. Set up a property marketing report, define key metrics for each of your marketing channels, and make data-driven decisions to optimize your efforts over time.
Don't get stuck in a rut and stop adapting. The best way to learn what does and does not work is to constantly experiment with new strategies.
Keep in mind how your marketing plans will affect your overall business goals. You need to go back to the drawing board if you can't put a number on the direct or indirect effect on lease-up, sales, tenant retention, or whatever else you're trying to achieve.