Marketing Archives

Non Dues Revenue for MLS

WAV Group Webinar Feb 15th at 10:00am PST This WAV Group webinar will focus on a panel discussion about the topic of non-dues revenue. Numerous MLSs around the country have launched or are in the process of launching these programs to provide lower cost business solutions to MLS subscribers. According to the recent CMLS survey - 54% of today's MLSs offer some form of non-dues revenue. "These companies are pushing the boundaries of their non-dues revenue programs," says Marilyn Wilson, WAV Group Partner. Topic: Why MLSs pursue non-dues revenue Different options for generating non-dues revenue How it is positioned to their [...]

By Victor Lund|2018-05-03T21:25:16-07:00February 6th, 2012|How to Make Strategic Planning Really Work in your MLS, Main category, Marketing, MLS Insights|1 Comment

Balancing exchange rates in listing syndication

Online listing syndication presents complex strategic challenges to real estate brokerage in America today. The structure of economic trade between real estate brokers and publishers has many variables that are often misunderstood and often hard to measure. At the heart of the conversation is an unresolved understanding of the exchange rate in listing syndication. Even people with business analyst certification may be baffled. Do brokers subsidize the success of publishers by providing listings? Do publishers subsidize brokerages by providing willing homebuyers? Some of the policies by publishers to create revenue have been deemed to be very damaging by some real [...]

By Victor Lund|2018-05-03T21:25:16-07:00January 29th, 2012|Broker Technology Research, Broker-Agent Information, Main category, Marketing, MLS Insights|6 Comments

Smarter Agent throws arrow at Zillow and others

Brad Bloomberg of Smarter Agent is a fighter, and I like that. He takes a position and battles from his corner of the ring. Today, he released a blog post on their company website goes nose to nose with Zillow, Trulia and REALTOR.com. Given that his company is suing them all for patent infringement (another story) – they will never be friends anyway. But this new war is one about his view of listing syndication. Post Title : Listing Aggregators like Zillow, Trulia and Realtor.com can Erode the Value of your Business. The money quote: ……(syndication) “devalues the business of.. [...]

By Victor Lund|2018-05-03T21:25:18-07:00January 7th, 2012|Broker Technology Research, Main category, Marketing, Sales Advisory, Strategic Planning|3 Comments

The role of Scent Marketing in Real Estate
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The role of Scent Marketing in Real Estate

Broker Technology Research, Main category, Marketing

The role of Scent Marketing in Real Estate

What does your brand smell like? Perhaps there is no better time than the holiday season to remember that humans have 5 senses (at least) that are used in interacting with all things in the world. As the smell of Christmas trees and holiday cookies linger in our homes and offices, there can be no argument that smell plays a role in marketing. Home Scenting It is not just folklore. Baking cookies and other scent tactics are effective at open houses. Victorian Homes should smell like baking. Ocean front homes should smell like the ocean. Modern city condos should smell [...]

By Victor Lund|2018-05-03T21:25:19-07:00December 27th, 2011|Broker Technology Research, Main category, Marketing|Comments Off

Impacts of browser Geolocation technology on real estate

Real Estate brokers invest a lot of time and money into maintaining and sustaining a strong relocation business. Franchise Organizations and broker networks like Leading Real Estate Companies of the World connect brokers across the country. Advances in technology have enabled location aware Internet browsers. This allows technologists to create predictable outcomes on user visits. If you are a broker in Ohio, and a consumer visits your website from California – you can say “We welcome Californians! Leading websites like Trulia, Zillow, Realtor.com, Homes.com and Homefinder do this effectively. Why don’t broker websites do the same? Browser auto-detect allows website [...]

By Victor Lund|2018-05-03T21:25:20-07:00December 13th, 2011|Broker Technology Research, Main category, Marketing|Comments Off

Mobile Passes Print in Consumer Engagement

WAV Group joined the parade of consults declaring the death of print media in late 2006. Inman News confirmed its death during their conference in San Francisco in 2007 (one of my favorite events of all time). Believe it or not, print actually made a bit of a comeback in 2010. Nevertheless, the Internet is the place that consumers increasingly spend their media time. The new news is that people are actually spending more time on their mobile phones today than they are spending interacting with print media. According to eMarketer, time spent on mobile devices is now an average [...]

By Victor Lund|2018-05-03T21:25:20-07:00December 12th, 2011|Broker Technology Research, Broker-Agent Information, Main category, Marketing|2 Comments

Dot MLS May Face a New Opponent

Dot MLS Domains The United States Senate may be a new challenger to the successful bid by a group of MLSs (MLS Domains Association) to gain approval for a Top Level Internet Domain. A top level internet domain is .com, .net, .org, .XXX, or the curent application for the new .MLS. .MLS promises salvation for many of the ills that torment consumers and real estate brokers online. Notably – it suggests a rule set for displaying listings to consumers in order to qualify to purchase a .MLS domain. By subscribing to the rules of .MLS, publishers provide consumers with a level [...]

By Victor Lund|2018-05-03T21:25:21-07:00December 4th, 2011|Broker Technology Research, Main category, Marketing, MLS Insights|Comments Off

FSBO Sites Grow as Broker and Franchises Languish

One of the pleasures of working at the WAV Group is the barrage of business questions that we are tasked to answer on a regular basis. Often, the questions challenge conventional understandings about the effectiveness of strategies in real estate. A key strategy discussion among executives at large broker firms and at large franchise organizations surrounds listing syndication to FSBO websites. Syndication strategies that each firm chooses varies relative to local market competition and consumer behavior. I highlighted that last sentence because it is the most important statement in this blog post. Many brokers and franchises are looking at what appears [...]

By Victor Lund|2018-05-03T21:25:21-07:00November 30th, 2011|Broker Technology Research, Broker-Agent Information, Main category, Marketing, Strategic Planning|1 Comment

Great Vendors Embrace Rules

There has been a lot of conversational concern about companies that enter into new verticals of data management and service offerings. Four such instances were announced this year. REALTORS® Property Resource contracts with LPS for data services and LPS subcontracts to Real Estate Digital. Zillow purchased an IDX vendor, Diverse Solutions. MOVE purchased Threewide, the providers of the popular Listhub syndication service. CoreLogic launched a new appraisal tool leveraging MLS data. In every case, the vendor has been virtuous and adhered to contracts and data use rules. In each of these cases, many feared that data could be misused or [...]

By Victor Lund|2018-05-03T21:25:22-07:00November 22nd, 2011|Broker Technology Research, Main category, Marketing, MLS Insights, Product Management, Strategic Planning, Technology Evaluation|Comments Off

Nielsen credits HAR and Zillow among others

When it comes to measuring marketing effectiveness, there is little argument that Nielsen is the leader. Nielsen believes that providing clients with a precise understanding of the consumer is the key to making the right decisions — decisions that can lead to profitable growth. At Nielsen, they are always innovating to keep pace with emerging market trends and the increasingly diverse, demanding and connected consumer. Joining Nielsen is the Houston Association of REALTORS, Zillow, a few dozen brokerages, and about 500 of the more than 1 Million REALTORS in America today. These REALTORS are the bold, the true, the transparant, [...]

By Victor Lund|2018-05-03T21:25:23-07:00November 7th, 2011|Broker Technology Research, Main category, Marketing, MLS Insights|Comments Off

News from Property Panorama and Trulia

Property Panorama as appointed real estate industry veteran Mike Barnet as its new CEO, and Trulia releases information about the source of inaccurate data on their website today. Property Panorama was not specific in outlining the reasons for changing their leadership, but a new captain is at the helm. Barnet joined the company as the CIO about a year ago, and has been working to lead the charge to take the popular virtual tour solution to a higher level. Property Panorama was a unique offering in the industry when it launched its MLS Data Powered automated virtual tour creation program. Today solutions [...]

By Victor Lund|2018-05-03T21:25:26-07:00October 4th, 2011|Broker Technology Research, Main category, Marketing|1 Comment

Technology service providers should think spanish

When WAV Group was learning about Immobel’s multi-language IDX search strategy earlier this year, Janet Choynowski taught us a valuable lesson. Supporting multiple languages is less about making information legible and more about demonstrating your respect for a person’s culture and heritage. It had a profound impact on us. With this notion couched in our minds, we took note when My Florida Regional MLS announced the launch of CoreLogic Data Co-op to their members, and offered two training classes in Spanish. (http://www.mfrmls.com/member-benefits/mlxchange-benefits/data-co-op). WAV Group suspects that there are a number of MLSs across the country who have significant populations of [...]

By Victor Lund|2018-05-03T21:25:28-07:00September 20th, 2011|Main category, Marketing, MLS Insights, Strategic Planning|Comments Off