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Email
Marke1ng
for
Real
Estate

Debunking
Myths,
Understanding
Pi9alls
and
Sharing
Best
Prac=ces



Upaknee
Inc.

March
1st,
2010

AGENDA

•  What
is
Email
Marke1ng?

•  Myths

    •  Uses
for
Real
Estate

•  PiAalls

•  Best
Prac1ces

    •  Uses

•  How
to
get
started





               |
Real
Estate
Email
Marke=ng:
Myths,
Pi9alls
and
Best
Prac=ces
WHAT
IS
EMAIL
MARKETING?

•  Marke1ng
medium

•  Push‐marke1ng

•  Unique
characteris1cs:

    •  Valuable,
relevant
and
1mely
content

    •  Staying
top
of
mind

    •  Providing
value
to
clients

    •  Permission‐based

    •  Nurturing
rela1onships

•  Tool
for
engaging
conversa1ons





            |
Real
Estate
Email
Marke=ng:
Myths,
Pi9alls
and
Best
Prac=ces
MYTH
#1:
EMAIL
MARKETING
IS
SPAM

•  I
get
tonnes
of
spam
messages
everyday…

•  I
don’t
want
to
be
a
spammer…

•  Do
you
provide
the
lists?

Or
do
I
have
to
bring
my
own?





             |
Real
Estate
Email
Marke=ng:
Myths,
Pi9alls
and
Best
Prac=ces
MYTH
#2:
EMAIL
IS
NOT
EFFECTIVE

•  Email
is
free
–
it
has
no
value

•  My
message
will
be
lost
in
a
sea
of
emails…

•  People
just
delete
the
email
anyway…


•  Builds
rela1onships
–
is
rela1onship
marke1ng

    •  Only
5%
of
sellers
found
their
agents
using
the
most
expensive
kinds

       of
marke1ng,
72%
found
their
agents
using
rela1onship‐type

       marke1ng


•  People
like
print
communica1ons

    •  67%
prefer
email
as
a
communica1ons
channel
over
others
online

    •  Email
will
con1nue
to
be
the
preferred
communica1on
channel
in

       the
future


             |
Real
Estate
Email
Marke=ng:
Myths,
Pi9alls
and
Best
Prac=ces
MYTH
#3:
I
CAN
DO
THIS
BY
MYSELF

•  Yes
you
can.

•  However,
there
are
many

   considera1ons
to
using
email

   marke1ng
as
an
effec1ve

   marke1ng
tool

    •  Crea1ng
visual
and
powerful

       emails

    •  Your
inbox
is
not
the
best
lead

       management
tool

    •  Managing
preferences:

       Permission‐based
lists

    •  Legisla1on
Compliance

    •  Deliverability


             |
Real
Estate
Email
Marke=ng:
Myths,
Pi9alls
and
Best
Prac=ces
USES
FOR
REAL
ESTATE

•  Monthly
Market
Update

•  Adver1se
Property
Lis1ngs
and
Recent

   Solds

•  Open
Houses

•  Provide
targeted
informa1on
about

   neighbourhoods,
community
events
and

   topics
of
interest

    •  Financial
News

    •  Impacts
of
legisla1on

    •  Tax‐saving
and
inves1ng
strategies





            |
Real
Estate
Email
Marke=ng:
Myths,
Pi9alls
and
Best
Prac=ces
PITFALL:
USING
EMAIL
LIKE
DIRECT
MAIL

•  Email
marke1ng
can
be
personalized
                Email
marke*ng
generates
an

   and
targeted
in
a
manner
unlike
direct
mail
       ROI
of
$43.52
per
dollar
spent.

•  Tempta1on
due
to
low
cost
to
rent
lists
           DMA
(2009)


   and
use
improper
email
collec1on
                  Direct
mail
campaigns
generated

   techniques

                                                      $15.22
in
sales
per
dollar
spent


•  Email
marke1ng
delivers
returns
over
1me
          DMA
(2009)


•  Brand
awareness
through
referrals

   and
list
growing
tac1cs

    •  Engagement
opportuni1es

    •  Build
credibility:
trusted
source
of
informa1on,
knowledgable





               |
Real
Estate
Email
Marke=ng:
Myths,
Pi9alls
and
Best
Prac=ces
PITFALL:
NOT
HAVING
A
DATABASE
STRATEGY



•  Understand
and
align
your
contact
collec1on
prac1ces
and
have


   a
master
source
database

•  Your
clients
have
unique
interests…


    •  Capture



    •  Know



    •  Use

•  Collec1ng
contact
informa1on
mul1ple
1mes
and
not
knowing
your

   clients
communica1on
preferences
is
the
culprit,
not
the
use
of
the
tool

•  Ability
to
use
email
marke1ng
results
in
a
unique
way

    •  Further
segment
based
on
user
ac1ons

•  List
management
prac1ces

    •  Confirma1on,
Welcome,
Goodbye
Email
and
Preference
Centres



             |
Real
Estate
Email
Marke=ng:
Myths,
Pi9alls
and
Best
Prac=ces
PITFALL:
OTHER
TECHNICAL
TRAPS

•  Branding
and
coding
mistakes

•  Not
tes1ng
for
various
browsers

    •  So
many
browsers,
so
many
email
clients

•  Using
email
services
that
have
low
deliverability

    •  DKIM/SPF
Authen1ca1on
and
Records

    •  Whitelis1ng
services





             |
Real
Estate
Email
Marke=ng:
Myths,
Pi9alls
and
Best
Prac=ces
BEST
PRACTICE:
FOLLOW‐THROUGH


•  Monitoring
results

•  Following
through
on
user
ac1ons

•  Using
data
to
further
segment





            |
Real
Estate
Email
Marke=ng:
Myths,
Pi9alls
and
Best
Prac=ces
BEST
PRACTICE:
ANTI‐SPAM
COMPLIANCE

•    Domain
authen1ca1on

•    Not
using
misleading
subject
lines

•    Legisla1on
compliance

•    List
management
collec1on
prac1ces

•    Regular
communica1on





              |
Real
Estate
Email
Marke=ng:
Myths,
Pi9alls
and
Best
Prac=ces
BEST
PRACTICE:
EXPANDING
REACH

•    Integra1ng
email
marke1ng
with
other
marke1ng

•    Aligning
mul1
channels

•    Feeding
into
social
media
(sharing
content)

•    Integra1ng
into
your
website
or
connec1ng
your
CRM
tool





              |
Real
Estate
Email
Marke=ng:
Myths,
Pi9alls
and
Best
Prac=ces
GETTING
STARTED

•  Your
website
tools

•  CRM
Tools

•  Email
Marke1ng
Services





            |
Real
Estate
Email
Marke=ng:
Myths,
Pi9alls
and
Best
Prac=ces
UPAKNEE
SOLUTIONS

•  Self‐service
solu1ons:

    •  Campaign
Manager

        •  Powerful
self‐service
tools
are
easy
to
use

        •  Control
and
develop
your
own
campaigns

        •  Plans
star=ng
at
$20/month
for
1,000
emails



•  Full‐service
solu1ons:

    •  Real
Estate
Report
Express

        •  Star=ng
at
$30/month.

Now
$20/month.

Great
way
to
get
started.

    •  Real
Estate
Report

        •  Star=ng
at
$99/month.

Our
pla=num‐level
concierge
service.

    •  Monthly
Mailing

        •  Your
content.

Our
hard
work.

Best
of
both
worlds,
from
$125/month



             |
Real
Estate
Email
Marke=ng:
Myths,
Pi9alls
and
Best
Prac=ces

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