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Role of
Technology in Real Estate
Presented by:
Manan Choksi
Regional Director
RE/MAX MGM
 Why Technology is important?
 What to look for in a technology?
 Online Reputation Management
 Social Media Marketing
 Search Engine Optimization
 Google Tools
 Email : Use of Outlook
 Database Management
 Proper Listings
 Cost of living keeps on increasing
 Productivity has to take care of inflation and
ambition
 Do more in less time : Use technology
 Improve your image: Increase your sales :
Reputation Management
 Technology is only important when it
increases your income or reduces your
expenses.
 Should be affordable, easy to use, widely
acceptable, from a good company.
 How does it help me in making my every day
life easy?
 Do I have a need for the feature, the new
technology provides?
 Is it reliable? (will it work when I need it the
most?)
 Customers are online
 Prospects are online
 Competitors are online
 People dissatisfied at you for no reason are
online
 Future of your company is … online!
 To track your reputation : Google Alert
 To make your reputation: All the things we
discuss today…
 Your target should be to have a reputation of
an expert in your :
◦ Geographical farm : for e.g. have maximum content
mentioning the name of your focus area
◦ Commercial / residential: if you specialize then
focus all content on that.
◦ Small news of that area: New opening of shop, new
scheme in that area, even reviews of restaurants
will give you the reputation you need.
 People check everything they find about you
online before meeting you.
 It takes 20 years to build a reputation and
five minutes to ruin it. If you think about that,
you'll do things differently.” Warren Buffet
23
Relationships
Reputation
Referrals
 Its how we are communicating as a culture
 1 billion active facebook users
 Its here to stay
 Reach your clients
 Education for all
 Its viral
 Build your online presence
 Its free!
Social media is not advertising
Social media is not public relations
Social media is not branding
Social media is not only about technology
25
• The party goes on with, or without you.
• When you get to the party, listen and mingle
before you talk.
• Keep the conversation thread going naturally.
• It’s not all about you.
• If people like you and need what you do, they
want to work with you.
Only14% of people
believe in
advertisements…
26
78% Trust the
recommendations of
other consumers
27
At A Glance
28
•Launched: 2005-
2006
•1 billion
•Photos: multiple
galleries
•Privacy: based on
user settings
•Connections
between friends
and acquaintances
•Sharing
communication,
photos, updates
•Launched: early
2006
•500 Million
Users
•Photos: profile
picture
•Privacy: user
controlled
•Primarily used to
push
communication
and updates
•Launched: May
2003
•100 Million
Users
•Photos: profile
picture
•Privacy: user
controlled
•More
“professional”
•Includes
Executives from
every Fortune
500 company
•Less sharing of
photos, updates
 Facebook users in
 India : 6,03,39,300
 Mumbai: 59,94,460
 Ahmedabad : 10,17,280
 Pune: 21,87,180
Targeting these users is the key !!
(as on 20/10/2012)
 Humans have Facebook profile
◦ Max limit of 5000 friends
 Groups are friends following similar topic
 Businesses have Facebook Page
 You cannot advertise a profile page or a
group.
 All your updates are Public
 You can choose to make each of your post
either
◦ public
◦ only to friends
◦ friends of friends.
 For a friend request you get, and you reject it,
he/she becomes your subscriber, who can
view your public updates
Free
 Age
 Gender
 Interests
 Categories
 Connections of pages etc.
 Relationship Status
 Languages
 Education
 Workplaces
Paid
Search for prospects:
34
Search for prospects
35
More activity… New Offer/ Closing
Tomorrow
36
What Should You Post?
37
Be real to them…
38
Encouraging Change
39
 5 Facebook likes
 5 personal message : only 20% of email
messages are opened, while 80% of Facebook
messages are opened.
 5 Comments on others‟ status.
 Political comments
 Religious comments
 Racist comments
 Jokes with bad taste
 Disrespect to women : They are decision
makers for buying a home!
 Over posting
 Repulsive photos
 Remember: there is no dislike button
5 Steps to be more powerful on YouTube
 Get keyword suggestions from autocomplete
feature
 Use the Youtube Keyword suggestion tool
 Add title, description, tags, etc
 Annotations or notes
 Try Youtube promoted videos
Free
Share your PPT
 Make PPT
 Upload it!
 You are done slidesharing !
 Another place people search for content
 You can present your properties in form of
PPT and send link to prospects
 You can present your office profile/ BA profile
and bring out points which are your USP
 For an exclusive project: make one PPT and
share across the network
 Work on scheduling 2 tweets a day
 Link to your Facebook page
 Add profile to customized business
directories
 List Management
Free
Rules of Thumb
• Be Yourself, Keep It Personal
• Be Of Value, Be Helpful
• Engage and Inspire
• Don’t Spam
• Don’t Over-Tweet
• Manage Your Time Using -
Social Networking
51
Seven Deadly Sins
• Not Listening
• Not Being Involved
• Self-promoting
• Not Adding Value
• Not Being Honest
• Hard Selling
• Over-posting
52
• Register on as many social media websites as
possible.
• Keep same picture on all sites
• Blog, update with content, photos, videos
• Traffic to Conversion is key
• Manage your Facebook page effectively
 Build a website - Free with Gryphtech
 Dynamic site gets better ranking
 Use Slingshot to manage content
 Write articles : original
 Blogs - Free
 Images and graphics
 Be the face that people recognize
 BG : Before Google
 AG: After Google
 Total information which was created from
inception of mankind till 2003 is now created
every 48 hours !
 Get notified via email whenever new content
is available for a particular keyword
 For example: a builder of your area
 Lifetime validity !
 News.google.com
 Scans thousands of websites continuously
 Choose your favorite subject and design your
page.
 Use them to show locations of your listings
 Show nearby area of your property
 Use for showing distances
 Use for showing directions
Paid
 A place to write a lot of text matter
 Write links to:
◦ Office website
◦ BA website
◦ Property website
 Will increase SEO of those links
 Fastest way to become an expert, in just
about anything
Positives Negatives
 It is easy to stay in
touch
 Documented thing
 Free, fast and
omnipresent
 Best form of offline
communication
 Too many emails
 Too many junk emails
 Managing multiple
email accounts
 Cant search old emails
if computer changes
 Cant print everything
as paper load will be
too much
Free
1. Outlook express : free with windows
2. MS outlook: with MS office
 MS Outlook has advanced email
handling features to improve your
efficiency.
 Can sort emails
 Can delete useless emails
 Can save emails
 Search it fast
 Manage folders
 Easy search in all saved information
 Multiple email address setup
 Create a folder for „Processed Mail‟
 Create a folder for „To be Processed‟ Mail
 Follow a 0 mail in Inbox policy
 Create a task for e-mails
 Follow accountability process for yourself
• Calendar : appointments and
reminders
• Tasks: to do lists with
priorities
• Contacts: maintain your
address book: your goldmine
• Notes: rough information
 85% people don‟t back up
outlook data file.
 Back up outlook data file!
 Its .pst file, which gets
updated every time you
send and receive.
 You can configure Gmail on your
outlook
 Gmail reads your email and shows
you advertisements
 Gmail is not unlimited: after limit
gets over, either you pay or go
through tedious process of deleting
useless messages
 Gmail doesn‟t sort emails according
to size, so cant delete heavy
messages
 Offline messages available in
outlook.
 Doesn‟t look professional to use
a “free” email ID.
 A person who can‟t afford email,
can he give a right advise for a 1
crore property?
 Always use your RE/MAX ID for
communication
 It has 500 MB storage space.
 You should have a proper signature which
has all contact information
 You may use your photo as your email
signature for the first email you send to
customer.
 Past Clients
 Current Clients
 Sphere of Influence : Friends, Relatives
 Geographic Farm
 Niche Farm
 Business Owners of Same Area
 Agents in the area
 Agents outside the area
 New inquiries generated
 First level meetings
 Property Showings
 Property feedback
 Negotiation & Offers
 Token done
 Transactions
• Is online filing cabinet to
store any files to be able
to retrieve them with ease
from any computer.
• Share your files with
colleagues or clients and
close the sale faster.
• Attend every meeting
from the comfort of your
home by using video
conferencing with Skype.
• Put up to 10 people in a
virtual meeting,
requiring only a
computer and a webcam.
 New properties
 Resale properties
 Design brochures
 Printing
A good
Photo
Listing
Design
Center
You Tube
Video
SlideShare
PPT
Blog
Twitter
Facebook
Print
Materials
 Property with an excellent view over looking a
river, sea and a hill.
 Very upmarket locality.
 3 bed room, fully furnished, good wood work.
 Parking for 2 cars.
• Clean homes
• No clothes lying
• No garbage
• Should not be able to determine the property
unless you have exclusive mandate
 Use a good camera
 Better lighting
 No cloudy day
 View from inside
 Buyers require more information e.g.: floor plan,
elevation photos, views, amenities etc.
 Buyers prefer to see properties over internet and
short list rather than visit each and every option
 Buyers don‟t have time
 Buyers can be outside city or even country.
 Buyers want to share information with others
• Brokers need to:
–make quality leaflets to give as handouts
to customers
–Promptly respond over email
• If they work in network: Technology is critical for
sharing information
• Smartphone challenge: using apps to search
properties
www.remax.in
www.remax-mgm.in
http://www.facebook.com/remax.mgm

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Role of Technology in Real Estate

  • 1. Role of Technology in Real Estate Presented by: Manan Choksi Regional Director RE/MAX MGM
  • 2.  Why Technology is important?  What to look for in a technology?  Online Reputation Management  Social Media Marketing  Search Engine Optimization  Google Tools  Email : Use of Outlook  Database Management  Proper Listings
  • 3.
  • 4.  Cost of living keeps on increasing  Productivity has to take care of inflation and ambition  Do more in less time : Use technology  Improve your image: Increase your sales : Reputation Management  Technology is only important when it increases your income or reduces your expenses.
  • 5.  Should be affordable, easy to use, widely acceptable, from a good company.  How does it help me in making my every day life easy?  Do I have a need for the feature, the new technology provides?  Is it reliable? (will it work when I need it the most?)
  • 6.
  • 7.  Customers are online  Prospects are online  Competitors are online  People dissatisfied at you for no reason are online  Future of your company is … online!
  • 8.
  • 9.
  • 10.
  • 11.
  • 12.  To track your reputation : Google Alert  To make your reputation: All the things we discuss today…
  • 13.
  • 14.
  • 15.
  • 16.
  • 17.
  • 18.  Your target should be to have a reputation of an expert in your : ◦ Geographical farm : for e.g. have maximum content mentioning the name of your focus area ◦ Commercial / residential: if you specialize then focus all content on that. ◦ Small news of that area: New opening of shop, new scheme in that area, even reviews of restaurants will give you the reputation you need.
  • 19.
  • 20.  People check everything they find about you online before meeting you.  It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.” Warren Buffet
  • 21.
  • 22.
  • 23. 23 Relationships Reputation Referrals  Its how we are communicating as a culture  1 billion active facebook users  Its here to stay  Reach your clients  Education for all  Its viral  Build your online presence  Its free!
  • 24. Social media is not advertising Social media is not public relations Social media is not branding Social media is not only about technology
  • 25. 25 • The party goes on with, or without you. • When you get to the party, listen and mingle before you talk. • Keep the conversation thread going naturally. • It’s not all about you. • If people like you and need what you do, they want to work with you.
  • 26. Only14% of people believe in advertisements… 26
  • 27. 78% Trust the recommendations of other consumers 27
  • 28. At A Glance 28 •Launched: 2005- 2006 •1 billion •Photos: multiple galleries •Privacy: based on user settings •Connections between friends and acquaintances •Sharing communication, photos, updates •Launched: early 2006 •500 Million Users •Photos: profile picture •Privacy: user controlled •Primarily used to push communication and updates •Launched: May 2003 •100 Million Users •Photos: profile picture •Privacy: user controlled •More “professional” •Includes Executives from every Fortune 500 company •Less sharing of photos, updates
  • 29.  Facebook users in  India : 6,03,39,300  Mumbai: 59,94,460  Ahmedabad : 10,17,280  Pune: 21,87,180 Targeting these users is the key !! (as on 20/10/2012)
  • 30.  Humans have Facebook profile ◦ Max limit of 5000 friends  Groups are friends following similar topic  Businesses have Facebook Page  You cannot advertise a profile page or a group.
  • 31.  All your updates are Public  You can choose to make each of your post either ◦ public ◦ only to friends ◦ friends of friends.  For a friend request you get, and you reject it, he/she becomes your subscriber, who can view your public updates
  • 32. Free
  • 33.  Age  Gender  Interests  Categories  Connections of pages etc.  Relationship Status  Languages  Education  Workplaces Paid
  • 36. More activity… New Offer/ Closing Tomorrow 36
  • 37. What Should You Post? 37
  • 38. Be real to them… 38
  • 40.  5 Facebook likes  5 personal message : only 20% of email messages are opened, while 80% of Facebook messages are opened.  5 Comments on others‟ status.
  • 41.  Political comments  Religious comments  Racist comments  Jokes with bad taste  Disrespect to women : They are decision makers for buying a home!  Over posting  Repulsive photos  Remember: there is no dislike button
  • 42.
  • 43. 5 Steps to be more powerful on YouTube  Get keyword suggestions from autocomplete feature  Use the Youtube Keyword suggestion tool  Add title, description, tags, etc  Annotations or notes  Try Youtube promoted videos Free
  • 44.
  • 45.
  • 46.
  • 48.  Make PPT  Upload it!  You are done slidesharing !
  • 49.  Another place people search for content  You can present your properties in form of PPT and send link to prospects  You can present your office profile/ BA profile and bring out points which are your USP  For an exclusive project: make one PPT and share across the network
  • 50.  Work on scheduling 2 tweets a day  Link to your Facebook page  Add profile to customized business directories  List Management Free
  • 51. Rules of Thumb • Be Yourself, Keep It Personal • Be Of Value, Be Helpful • Engage and Inspire • Don’t Spam • Don’t Over-Tweet • Manage Your Time Using - Social Networking 51
  • 52. Seven Deadly Sins • Not Listening • Not Being Involved • Self-promoting • Not Adding Value • Not Being Honest • Hard Selling • Over-posting 52
  • 53. • Register on as many social media websites as possible. • Keep same picture on all sites • Blog, update with content, photos, videos • Traffic to Conversion is key • Manage your Facebook page effectively
  • 54.  Build a website - Free with Gryphtech  Dynamic site gets better ranking  Use Slingshot to manage content  Write articles : original  Blogs - Free  Images and graphics  Be the face that people recognize
  • 55.
  • 56.
  • 57.  BG : Before Google  AG: After Google  Total information which was created from inception of mankind till 2003 is now created every 48 hours !
  • 58.  Get notified via email whenever new content is available for a particular keyword  For example: a builder of your area  Lifetime validity !
  • 59.  News.google.com  Scans thousands of websites continuously  Choose your favorite subject and design your page.
  • 60.  Use them to show locations of your listings  Show nearby area of your property  Use for showing distances  Use for showing directions
  • 61.
  • 62.
  • 63. Paid
  • 64.
  • 65.
  • 66.  A place to write a lot of text matter  Write links to: ◦ Office website ◦ BA website ◦ Property website  Will increase SEO of those links  Fastest way to become an expert, in just about anything
  • 67.
  • 68.
  • 69. Positives Negatives  It is easy to stay in touch  Documented thing  Free, fast and omnipresent  Best form of offline communication  Too many emails  Too many junk emails  Managing multiple email accounts  Cant search old emails if computer changes  Cant print everything as paper load will be too much Free
  • 70. 1. Outlook express : free with windows 2. MS outlook: with MS office  MS Outlook has advanced email handling features to improve your efficiency.
  • 71.  Can sort emails  Can delete useless emails  Can save emails  Search it fast  Manage folders  Easy search in all saved information  Multiple email address setup
  • 72.
  • 73.  Create a folder for „Processed Mail‟  Create a folder for „To be Processed‟ Mail  Follow a 0 mail in Inbox policy  Create a task for e-mails  Follow accountability process for yourself
  • 74. • Calendar : appointments and reminders • Tasks: to do lists with priorities • Contacts: maintain your address book: your goldmine • Notes: rough information
  • 75.  85% people don‟t back up outlook data file.  Back up outlook data file!  Its .pst file, which gets updated every time you send and receive.
  • 76.  You can configure Gmail on your outlook  Gmail reads your email and shows you advertisements  Gmail is not unlimited: after limit gets over, either you pay or go through tedious process of deleting useless messages  Gmail doesn‟t sort emails according to size, so cant delete heavy messages
  • 77.  Offline messages available in outlook.  Doesn‟t look professional to use a “free” email ID.  A person who can‟t afford email, can he give a right advise for a 1 crore property?
  • 78.
  • 79.  Always use your RE/MAX ID for communication  It has 500 MB storage space.  You should have a proper signature which has all contact information  You may use your photo as your email signature for the first email you send to customer.
  • 80.  Past Clients  Current Clients  Sphere of Influence : Friends, Relatives  Geographic Farm  Niche Farm  Business Owners of Same Area  Agents in the area  Agents outside the area
  • 81.  New inquiries generated  First level meetings  Property Showings  Property feedback  Negotiation & Offers  Token done  Transactions
  • 82. • Is online filing cabinet to store any files to be able to retrieve them with ease from any computer. • Share your files with colleagues or clients and close the sale faster.
  • 83. • Attend every meeting from the comfort of your home by using video conferencing with Skype. • Put up to 10 people in a virtual meeting, requiring only a computer and a webcam.
  • 84.  New properties  Resale properties  Design brochures  Printing
  • 85.
  • 87.  Property with an excellent view over looking a river, sea and a hill.  Very upmarket locality.  3 bed room, fully furnished, good wood work.  Parking for 2 cars.
  • 88.
  • 89.
  • 90. • Clean homes • No clothes lying • No garbage • Should not be able to determine the property unless you have exclusive mandate
  • 91.  Use a good camera  Better lighting  No cloudy day  View from inside
  • 92.
  • 93.  Buyers require more information e.g.: floor plan, elevation photos, views, amenities etc.  Buyers prefer to see properties over internet and short list rather than visit each and every option  Buyers don‟t have time  Buyers can be outside city or even country.  Buyers want to share information with others
  • 94. • Brokers need to: –make quality leaflets to give as handouts to customers –Promptly respond over email • If they work in network: Technology is critical for sharing information • Smartphone challenge: using apps to search properties