The disttance between new home builders and real estate professionals has closed. The fear of decreased profits due to fees and commissions had for too long kept new home builders and realtors from creating successful partnerships. Fortunately, new home builders have come to realize that realtors have the most access to a steady stream of willing buyers and are their best allies when it comes to getting their homes sold. Realtors have also learned that a new home can be a great selling opportunity for the right client.
According to a recent National Association of Realtors (NAR) report, 30% of buyers find the homes they purchase from a real estate agent while 51% found it online; only 5% found their home directly from the home builder. This highlights how valuable builder-broker relationships are. While your digital marketing efforts matter, complementing them with realtor relationships is how you can get more homes sold quickly.
Therefore, once you’re ready to Market a new community, you need to start focusing on partnering with top local realtors. But how? Here are ways to build powerful collaborations with the top realtors in your market:
Invite Real Estate Professionals to Your Office
Sometimes it’s as easy as inviting the top realtors in your area to your Sales Center for coffee or lunch. It’s also a more personalized approach and allows you more time to establish a strong foundation for a long-term relationship.
Get realtors on board and relate to them by expressing your mutual passion for matching families with the right home. Beyond showing off vivid and memorable visuals of the communities you build, be prepared to answer all their questions on commissions and fees to avoid any misunderstandings down the road.
Host an Open House Event
Invite top realtors to your open houses with the purpose of introducing them to your best onsite agents. The reality is that realtors are more sought out by homebuyers because they know realtors are prepared to do the legwork and can present them with more options vs. an onsite Sales Associate who is solely dedicated to selling their Builder brand to meet quotas.
Take Top Realtors on Personalized Model Home Tours
Treat real estate professionals as you would potential homebuyers. Sell real estate professionals on the idea of why a new Home is better than purchasing a used home for certain kinds of buyers. First of all, and most importantly, it’s never been lived in and won’t demand any fixing for many years to come. An older home may be cheaper at the start; however, the costs of repairs and renovations ultimately add up.
With a new home, on the other hand, homebuyers have the opportunity to be involved in the design. They can select finishes and even choose upgrades. When realtors are taken on personalized tours and given as much attention as a potential buyer would receive, they come to value new home designs. They will start to develop their own pitch which is likely inspired by yours.
Are you ready to build mutually beneficial relationships with top realtors in your area? We hope you’ll return to check out our blog, Marketing Blueprints to see what resources we’re sharing to support Builder Marketers.
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Our blog is sponsored by Builder Promotions, Inc., a complete solution of builder-centric branded products and print collateral that support the entire new home buyer journey.
Today’s home buyers are savvier than ever; they’re simply too smart to be advertised to and spend most of their time researching new homes online. If you do content marketing right, you can get Google’s attention and become the go-to resource that delivers engaging content to them at the right time.
Not only can you help your prospects with their buyer’s journey, but you also establish yourself as a leader in the space of new home builders. This is exactly why a content-based approach is your best strategy to build brand loyalty.
With a powerful content marketing strategy, you can increase buyer engagement, improving both the quality and quantity of your leads. Here are the top 10 content marketing sites you may not have realized give excellent content marketing tips, tricks, and secrets:
- HubSpot
- Marketo
- Entrepreneur
- Business 2 Community
- Social Media Examiner
- Buffer
- eContent
- Curata
- Content Marketing Institute
- MarketingProfs
It is no secret that the New Home Builder industry is experiencing a tight labor market. We've been observing that some of our Builder clients are investing more time in employee retention, training and development -- which makes a lot of sense. In any market, employee turnover is expensive. In a tight labor market, the impact of employee turnover is multiplied. So we are devoting today's post to a list of content resources that will enable you to take action (incrementally) to add some more employee retention tactics into your company culture. When labor is tight, it feels like there is no time to step back and think about developing people, but it's actually more important because employees lost to a competitor are harder to replace in a tight labor market. The good news is that you can take it one step at a time and make an impact.
We've scoured the digital world to see who is creating simple, actionable digital content you can use to try a few new employee engagement tactics and begin working on your employee retention program. Here's our list for today's post:
- We found ERC who is an HR Consulting firm producing excellent content. We are sharing their 100 actionable ways to retain employees. It's a perfect list to bookmark and return to weekly to add something new to your workplace culture. A small step can sometimes go a long way.
- Construction Dive is part of the series of publications that borrow from the idea of a "deep dive" look at industries. They summarize the deep dive learning and save business professionals a ton of time. This is a short list of 5 Actionable Ideas to Attract and Retain great Construction professionals. The ideas make sense for New Home Builders too.
- If you are like most people, you may not be able to impact the total company-wide corporate program for employee engagement, but you may have a team that you lead. If you have a team, it's easy to get immersed in the daily grind and forget that there are simple, but important steps all team leaders can take to keep employees engaged. Inc. Magazine does a good job of breaking down their ideas into actionable tasks. Here's their article 9 Remarkably Effective Ways to Motivate Your Team.
We're sharing fresh new content about outdoor merchandising in this short post! Many of our clients are updating their Community Flags and signage to align with an increasingly more upscale aesthetic in New Home Communities, nationwide. Photos that depict the Community personality and lifestyle work well on high end Avenue Banners. Custom hardware can add a decorative element to brand flags that direct customers to the Sales Center and Models in a New Home Community.
Custom branded Community marketing Flags and Avenue Banners do three important jobs for a New Home Community:
- Attract Prospects in the Area
- Identify your Brand
- Direct Prospects to your Sales Center and Models
You can find it here at: New Home Builder's Guide on our website.
Thanks for stopping by! Cheers, Leslie Bridges, Chief Blogger Our blog Marketing Blueprints, is sponsored by Builder Promotions, Inc., a builder-centric solution that helps Builder Marketers consolidate purchases of branded marketing supplies and quality print collateral used to support the entire new home buyer journey. Our clients are able to spend less time on vendor management and more time cultivating and nurturing new home buying prospects into happy home owners!
How do you know when a young millennial couple is shopping your website and dreaming about their first home? You don't, unless they self-identify. How do you encourage them to reach out so you can support their search? That's the topic of our blog post today.
We interviewed HubSpot Gold Partner Spencer Powell, with the Builder Funnel about how to develop an effective promotional landing page. "Effective" for purposes of this this article means that a landing page increases inbound leads for New Home Builder brands. The outcome of our interview is this Guide to Premium Content and Landing Page Success. If you read nothing else, listen to Spencer's answer to our first question. It's a compelling argument for creating landing pages that trade relevant premium content for a prospective home buyer's contact information, so you can get them into your sales funnel.
Marketing Blueprints: Most of our clients have invested in beautifully designed websites with gorgeous imagery of their homes. Why do you need to use promotional landing pages in addition to a beautiful, well designed website?
Spencer Powell: The answer to this question of "why a landing page?" is a good one! We recently looked back at an early client and analyzed data over 3 years that looked at leads coming into their website. The data is compelling in support of landing pages as effective lead generators. Here are the simple data:
- 5-7% of leads came through a "contact us" form
- 93-95% of prospects who came into the website downloaded a brochure, eBook, checklist and filled out information on a landing page.
- Contact us
- Schedule a Tour
- Schedule a private appointment
- Download a brochure
- Download our move-in checklist
- Download (other Premium Content - discussed below)
- Your Process of Building a New Home (repurpose from your own content)
- Kitchen Design Guide (use your existing images)
- Beautiful Bathrooms (use your existing images)
- Model Home Comparison Guide and Checklist
- Move-in Checklist
- Home Buying Checklist
- Home Design Guide - options, selections, layouts, colors
- Download e-Book for Space Planning
- Financing Your Dream Home (repurpose your content into a PDF if your brand has Mortgage products)
- Existing Digital Agencies likely have your assets and can easily create some PDF's and a landing page.
- Builder Funnel can create all of this for you.
- Upwork has excellent freelance writers and artists who are easy to work with.
- Subscribe to landing page software. Here are a few of our favorites. HubSpot (our preferred choice, but it's more than just landing page software), UnBounce, Lead Pages. They're easy!
- A second landing page says thank you to the prospect for engaging. This second landing page can then be used for another Call to Action. Offer your prospect the opportunity to schedule an appointment at your Sales Center. Some of them will be ready to take that next step. You won't know if you don't ask them!
- The form they fill out should also initiate an email that thanks them for engaging and reinforces the benefits of the Community you are marketing.
- When a home shopper fills out the form, redirect them to a thank you page and the thank you page is a landing page with the download on it.
- You can then add a "step two" on the Thank You page that invites them to take further action and come visit the Community, schedule a private tour, join an upcoming event, attend a financing workshop, etc.
- If they fill out the form, you automatically have a sales-ready lead!
- Once they've filled out the form, they get specific nurturing campaigns tied into the Community. Nurturing Campaigns leverage your efforts to acquire a lead for your home buyer sales funnel.
- Re-engage your data base with a promotional email letting them know you have a new piece of premium content.
- Immediately present the content to prospects that are already part of your nurturing campaigns.
- Post information about your new premium content on your Social Media Pages.
- Write an article about your new content in your Newsletter before you send your next update.
- Write an article about your new content in your company blog.
- If you use a branded USB drive to deliver Community content, add the new premium content as a bonus.
Landing Page Checklist - Premium Content Success
Home shoppers are online researching and getting educated so that they feel comfortable with their choice of new home builder. Giving them content they can use in this process engenders trust and prospects are willing to share their contact information in return. We hope this blog post adds value to your Marketing and that you test some of these tactics to enjoy a higher volume of leads. Thank for stopping by! See you soon. Cheers! Leslie Bridges, Chief Blogger Marketing Blueprints is sponsored by Builder Promotions. Builder Promotions is a complete solution of branded products and print collateral that support the entire new home buyer journey.
Before a new homeowner sits down to enjoy the view on the patio of their new home, they have taken a journey that involves waiting for a new home to be built and dealing with all the financing headaches that go along with a home purchase. The process of financing a home purchase is often stressful, and that's why so many New Home Builders are offering Financing solutions to help make it easy for consumers to combine purchase and financing of their new home under one brand roof. It makes sense that a home buyer who has vested their trust in a Home Builder might extend that trust to a financing product. However, home buying consumers also have many competing offers to finance their new home. They can work with a large financial institution, a regional retail bank or a Mortgage Broker in their market. If they prefer digital engagement, there are plenty of digital Mortgage solutions evolving and they are spending big money on consumer advertising.
Mortgage Marketers, like all Marketers are probably spending some time thinking about how to design a "referable experience" for their new home customers. Happy customers are a referral source for both Mortgage products and the new home brand they've purchased. When you think about increasing referrals, you need to back up and think about the experience that produces those referrals.
Here are some Marketing resources to help stay top of mind, design referable customer experiences and serve up content that matters to your prospective financing customers. We hope you find some ideas you can integrate into your Mortgage Marketing:
1.) Gather your team for a lunch n' learn to listen to David Cooperstein (former CMO Practice Lead, Forrester Research) discuss Customer Experience design in this 30 minute podcast on Sound Cloud. If you can't spare time during the work day, pour yourself a glass of wine (or a cup of tea) and learn from this content in the quiet and comfort of your home office over the weekend. Either way, Experience is the new "business currency" and the more you know, the better you can differentiate yours.
2.) Consistent social posts keep people thinking about your Mortgage brand. Marketers sometimes run out of inspirations to create a social post, so we love this 37 Post Ideas for your Mortgage business from Top Left Creative.
3.) Hubspot's case study about how inbound Marketing fuels PennyMac's brand is an inspiration for anyone who thinks they could/should be investing more of their Marketing budget into "Inbound Marketing". We are a huge fan of Hubspot who is known for educating Marketers and Consumers to help them get the most of out of their HubSpot Marketing software.
4.)The challenge of marketing Mortgage products is that it's an information intensive process combined with the stress of one of the biggest financial purchases anyone will ever make. Building trust is an imperative. It's not always easy to build trust digitally so the creative Mortgage professional in this short 15 minute video podcast, started using video to communicate with his customers. Sounds like a lot of work, yet his success makes this idea worth considering,we think. 15 minute video interview discusses using video to guide clients through the mortgage transaction process.
5.) Blog, Blog, Blog is what we hear most about when we are researching ways to increase traffic to our site, grow leads and generate revenues. But blogging takes time and you want to know who your audience is so you can speak to them with relevant information. It's not always easy when you are targeting home buying consumers who span all ages, lifestyles, life stages, etc. Blogs are about sharing and educating, rather than selling and you have to plan ahead to keep pace with people who are thirsty for content to help them buy a mortgage product. This is a good list of 51 blog ideas for Mortgage professionals. Even if you are a Corporate Mortgage brand with a nicely staffed Marketing team, this is a well-organized list of blog topics that make it easy to provide content that all Mortgage buyers will be interested in.
Thanks for stopping by and we hope you are able to use something in this post to enhance your Mortgage Marketing. If you want to offer a tangible brand touch to your customers and prospects, surf on over to our Mortgage Marketing e-Store at builderpromotions.com. A thoughtful brand gift can tell your new customers that you appreciate being able to help them with one of life's biggest purchases. Brand appreciation comes in many forms.
Thanks for checking out our content. See you next time!
Cheers,
Leslie Bridges, Chief Blogger
Builder Promotions is a builder-centric solution that consolidates branded marketing supplies and Community print collateral to support the entire new home buyer journey. We are more than our products. We are your Community Marketing Partner. Engage us to discuss your Mortgage Marketing challenges at info@builderpromotions.com or talk to us by calling 800.388.3565.
Over the last few years, many of our clients have asked us if we could help consolidate their print collateral with their branded marketing supplies. To meet that need, we recently launched BP Central Print Hub. We've combined the scale of a national wholesale printer with the personalized Division service our clients have come to expect from us. In this blog post we are sharing 7 questions you want to ask to get the right wholesale printer, if you are looking to consolidate. They are simple questions, but they will reveal a lot about your print partner's capabilities.
1.) What are my ordering options?
Everyone has a different version of what "convenient" means in their work life, so knowing your ordering options is important when you are looking for a print management partner. Do you need an online ordering tool? Look for a company with a solid web presence. Do you need/like a bit of additional guidance for your order? Look for a company with the option to shepherd your order through the pre-press process with more rather than less communication. Do you want more options? Look for a partner that has both an online ordering option and is designed to engage with you via email or on the phone to offer production and creative support.
2.) Do you have an Environmental Policy?
A majority of new home builders are initiating sustainable programs to make homes energy smart, water frugal and responsive to an increasingly eco-conscious consumer who cares about their environmental footprint. Does your print partner enable you to be consistent with those practices? Do they offer environmentally friendly accreditation or recycled stock options? Knowing your print partner's environmental policy lets you offer sustainable print collateral for new home Communities that advertise sustainable building benefits. Prospects for those communities will notice this small subtlety.
3.) What kind of Customer Service support is available?
Email and chat-based customer service are convenient, and it's important to know when (and if) you'll actually be able to talk to a human being who knows your industry and can offer both print specification and creative support. Does your printer partner have a person dedicated to that? Is there a Production Manager you can access directly? Most Production Managers are protected by Customer Service Representatives, but in print there are many reasons why you would engage with your print partner to discuss Production timing, updates, edits, proofs, etc. The Production Manager is the person who is on top of your order's journey and should be able to tell you at any time, what the status us. Urgency, creative support, decision support and status checks are among the top reasons our clients reach out for human contact on their projects. Does a print partner make is easy to access these resources in whatever way is most convenient for you?
4.) Do you have a color management system?
This may seem over simplistic, but it really matters. Does your print management partner have a system of checks and balances in place for ensuring their colors match? Knowing their color management system and certification is a good preview of the final printed products you'll receive. It's easy to assume everyone can answer this question, but the right partner will be able to give that information to you easily because they've talked about it in their own company and they've documented it in writing.
5.) Do you offer spot print?
Whether you call it spot color print or 1 color print, spot color print is an important option for customers who want precise branding. While full color print is versatile, having the option to use spot color print is essential. Spot printing is not digital printing. Many printers will direct you to digital print which generally does not get the quality outcome that Builders need to merchandise a new home in print.
6.) Do you have a Digital Asset Management system?
You want to find out how your digital art assets will be stored and what the process is to pull your design templates and update them for Division orders. Managing a distributed Marketing team across Divisions, means that you need to have a good system for managing your preapproved design templates and offer fast easy access to customize them by Community. A Digital Asset Management system does not need to be complex or expensive, but it needs to be centrally managed so that Divisions can get what they need quickly and accurately to reach prospects in their specific markets.
7.) Is there a Designer on staff ? You don't always need to go back to your Agency to make a small tweak or update an address. A good wholesale printer will offer you easy access to a designer on staff who can get content updates and changes made for you quickly and cost-effectively at an hourly rate that is more reflective of wholesale printing rather than agency creative fees.
There are many options out there. Be mindful that just because a printer has a web store and 1000's of products, doesn't mean you are consolidating. Large websites often look like one source, but they are using multiple printers. That's not a bad thing, but we notice that these types of companies do not have employees who are vested in the outcome in the same way that you have with one central print manufacturer. Local retail print shops that seem wonderfully personal are a retail business with retail pricing. Print Reps are often making commission on high margin print pricing. It's always questionable to me when a sign manufacturer is printing brochures. The scale of sign printing requires a completely different press than what is needed to print a brochure. You need a dedicated print solution for both.
Why Consolidation? A brief summary of our experience with procurement and consolidation in the New Home Builder industry:
It used to be that cost savings were the major driver for consolidation, and dollar savings are still the number one outcome that companies are looking for. But, because labor is so tight in the new home building industry time is also a factor in consolidation. Marketers who can spend less time juggling multiple vendors, have more time to nurture and convert prospects to create homeowners for their Communities. So for Builder Marketers, economy of time is a close second to actual dollar savings.
We launched BP Central Print Hub to help our clients consolidate and benefit from a national wholesale print collateral solution. There's a difference between a large national print manufacturer and local retail print shops, print reps or other regional vendors, like sign companies, who offer print services. We've combined the scale of a national wholesale printer with the same builder-centric services our clients expect from us:
- Creative support
- Sourcing help
- Production care
- Logistics know-how
It's a well known fact that in most markets, Realtors can multiply sales efforts for new home builders. So, how do you engage Realtors and influence them to bring prospects to your new home communities? Builders use every kind of event marketing concept to bring Realtors to their new home communities. As everyone knows, the goal of these events is to help Realtors see why a new home may be the best solution for their buyers and to experience, first-hand, the benefits of a beautifully designed new home community in their marketing area.
Now that we're into the new year, we thought it would be a good time to share a brief round-up of content pieces that address the Builder and Realtor relationship. We hope these provide some marketing inspiration for the new year.
- What do Realtors think about when they make the decision to show your new home community to their prospects? Builderonline.com addressed this question by publishing a list of 15 things Realtors want Home Builders to know.
- If you are trying to break through the marketing noise directed at Realtors in your region, you may be interested in this article from Professional Builder about the 5 Ways to reach out to Realtors.
- BDX is a treasure trove of content about all things Builder Marketing. This webinar about Why You Need Real Estate Agents is one of the best we've seen and it's as current today as it was a year ago when I first wrote about it in this blog.
- www.newhomesourceprofessional.com is a website hosted by BDX that is devoted to Realtor content and education. Topics include: New home 101, Why Show New, How to Sell new and The Building Process. Referring Realtors to this link is one simple way to support them immediately.
- Sales Teams go to Broker and Realtor offices regularly to be part of their internal meetings. They often drop off business gifts.
- Smart Builders treat Realtors like customers and educate them about how they build along with the value their new homes offer.
- Quality over quantity. 10% of the Realtors bring 90% of the business. Builders target the high producing Realtors.
- All Builders find creative ways to welcome Realtors to their Sales Centers. This includes everything from monthly lunch meetings to VIP wine tastings.
The BP Custom Shopper™ team is also loves anything that promotes the gourmet kitchen and great room spaces that new homes offer. There is no doubt that the open concept style, combined with thoughtful design is a knock out benefit to the right home buying consumer. This contemporary gourmet cookbook includes a custom-designed insert page to give Realtors an overview of your community while they are enjoying the well-known Food52 gourmet recipes designed for today's busy professionals. It's a way to showcase the open concept gourmet kitchen/great room living spaces new home builders do so well.
Because so many Realtor Gifts need to reinforce the educational value of a Realtor event, our team loves this journal with a custom promotional page to communicate about the benefits of a new home and your specific community attributes. The journal itself provides a simple tool for jotting down notes about your new home community during your event or meeting.
Thanks for stopping by. Check out our BP Custom Shopper™ page for a turnkey event digital marketing event checklist. Digital marketing experts and Hubspot Partner at the Builder Funnel designed exclusive content for our clients. We hope that it helps you simplify the process of growing the right RSVP list for your Realtor and Prospect events.
Cheers!
Leslie Bridges, Chief Blogger
Marketing Blueprints is sponsored by Builder Promotions, Inc. the leading builder-centric e-Commerce platform and group buying service. Builder Promotions centralizes and consolidates purchases of marketing supplies used to support the entire new home buyer journey. BP Custom Shopper™ is a signature service of Builder Promotions.
We recently refreshed our homepage at www.builderpromotions.com! We've designed a visual look n' feel that tells new home builders they've arrived at a Marketing eco-system designed for the unique needs of New Home Community Marketing. The idea is that you spend less time managing vendors and more time cultivating new home buying prospects. Our platform is all about consolidation, simplicity and marketing happiness! We'd love to welcome you. Here's a quick tour:
Our builder category stores are organized to mirror the new home buyer journey. Website visuals make it easy to see what's in those category stores so you can find what you need quickly.
We're already working with Division Marketing teams to develop, fun, contemporary and stylish welcome home gifts for 2018 closings. Our BP Custom Shopper™ team is busy helping Builder Marketers develop creative branded gifts to create connection at community events in Q1.
This just in today! We've added a "Signing Day Supplies" e-Store to give our clients more options for new home buyer signing day staples:
- USB Drives that hold sales contracts, e-flyers and warranty information
- Writing Instruments with blue ink for signing
- Key Holders in gift boxes for home key presentation
- Document Portfolios to organize closing and warranty information
Last week BDX produced a really excellent webinar full of useful tactical tools to help you create leads for new home communities. If you didn't get a chance to watch the webinar, I'm sharing my link here with the recording. This webinar touches on five themes with tons of good tactical detail you can use to generate more leads for 2018. These are the themes they cover. The detail is worth the 45 minutes!
1. Attract new home shoppers with listings.
2. Ways to improve the performance of your listings.
3. Don't forget Real Estate Agents.
4. Invest in your website.
5. Create Unique lead generation content for your website.
Anyone reading this blog knows that I'm a big fan of WordStream's content. Builders are using PPC to drive home shoppers to their websites. WordStream produces rich content, on almost a daily basis, to help us do more with our digital assets to increase leads. I love this guide to landing page success. Are you using landing pages strategically? Maximizing this important piece of digital real estate within a website is a real art and a real science. They cover both here in this guide.
A lot of Builders use their digital agencies to keep abreast of changes that Google makes to PPC advertising which can be very effective in drawing the right leads to your content. If you are a home builder Marketing Manager and you would like a summary of Google's Q4 change and to learn how it impacts your PPC budgeting, read this blog post by the team at WordStream. If you trust your Agency is doing this homework, you can pass on this post. I assume some of our readers are checking up on their Digital partners or using this information to manage their own PPC advertising. WordStream gets to the heart of the matter quickly in this post.
All Marketers are faced with the challenge of helping digital shoppers find their content. The digital world has become as noisy as the real world. We all think about how to attract visitors to our digital real estate, how to educate them with the right content at the right time, when to deliver decision support, how to convert along the way and how to turn them into a loyal enthusiast for our brands. The buyer's journey is paved with a multitude of important tactics and an incredible volume of content to help prospects see your value and decide if your brand is a fit for them. We hope you find these resources useful as you set out to update, improve, design, redesign or create a digital world for prospects that are looking for a home and would consider purchasing in your new home communities.
Look for more resource lists in this blog over the next month to help you make 2018 a success. Next post we'll work with our friends at the Social Media Examiner to share current best practices for Instagram (where your millennial home shoppers are viewing your content).
Thanks for joining in the conversation. Cheers!
Leslie Bridges, Chief Blogger
This blog, Marketing Blueprints, is sponsored by Builder Promotions. Builder Promotions is a builder-centric solution that centralizes and consolidates branded marketing supplies and print collateral used to support the entire new home buyer journey. We enable Corporate Marketing and Divisions Marketing teams to move together seamlessly to create a consistent customer experience in every market.