Apartment marketing
Using social media to market apartments. The start of a great divide?
I came across this great post; Does Social Media Help or Hurt? » Customers Rock! this morning. In it, Becky Carroll points to another great post over at Marketing Profs Daily Fix: The Customer Chasm. Are you Creating a Social Media Divide? by Jason Baer.
Both are rather short reads and raise a very interesting observation that I think is worthy of discussion in the multifamily space. A number of you have a passion for this subject as you have touched on it via blog posts and tweets so I look forward to your continued thoughts. I think the catalyst for the hotbed of comments came when Jason penned the following;
Are we inadvertently creating a Customer Chasm, where those who are
socially media active are receiving preferential treatment compared to
those who are not? And not just in customer service, but in customer
acquisition too?
There are some compelling thoughts and ideas laced into Jason’s examples and those couched in the comment section below his post, all of which could apply to our space.
Thanks in advance for taking the time and have a compelling week.
M
7.10.9 Update
Related story:
Does Social Networking Breed Social Division?
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Don’t use social media to market apartments, if…
…you are not ready to be a marketer. You see, the essence of social media is conversation and that conversation is you being a marketer. So in order to use to social media to market you must be willing to be a marketer, you must be willing to engage.
When you use social media to market apartments you take on the responsibility of engaging in feedback – be it good, bad, indifferent or even downright hateful. And, therein lies the fear of many operators. How do we handle the negative and hateful feedback we might get, is the question I hear most often. I say, “engage in a conversation with them.” I might add, “how do you respond when someone meets you face to face to voice their discord about your community? Do you sit silent or do you engage in a conversation?” You have to think of social media as just a mechanism for conversation – nothing more – nothing less. And, about those potential negative comments, they take themselves.
To that point let’s direct our attention to a Washington Post titled; Listening to the Dot-Commenters written by Doug Feaver, former Executive Editor of the Post [thanks for the great post, Doug]. The gist of the article is about the self correcting nature of socially irresponsible commenter’s and more specifically anonymous ones, that is to say people who use feedback platforms as bully pulpits. I think the Post’s philosophy is one that could/should be mirrored in the multifamily space.
I have come to think that online comments are a terrific addition to the conversation and that journalists need to take them seriously. Comments provide a forum for readers to complain about what they see as unfairness or inaccuracy in an article (and too often they have a point), to talk to each other (sometimes in an uncivilized manner) and, yes, to bloviate. – Doug Feaver
I can see merit in Doug’s logic and I think it will – over time – marry well to sites like apartmentratings and yelp, just to name a few. I have to believe that the more accustom apartment seekers become to prospect/resident generated feedback sites, the more they will either avoid, ignore or correct socially irresponsible comments. The down right passionate users will see it as their absolute duty to counter the negative or misguided users. Now, should the down right passionate user be you – please remember to handle yourself professionally. In my mind you represent an industry not just your individual community or property management firm. And, just remember, it’s all marketing.
Have a stellar Easter weekend.
M
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Zappos’ CEO, Social Media Expert to Speak at NAA Education Conference
Arlington, VA–April 9, 2009–Several of social media’s greatest minds will discuss how this popular marketing approach applies to customer service and retention during a session at the National Apartment Association’s 2009 Education Conference & Exposition on June 27 in Las Vegas.
Tony Hsieh, the CEO of online shoes retailer Zappos, is one of the featured panelists. Hsieh is recognized as having the largest following on Twitter worldwide, with more than 350,000 followers. Hsieh has grown Zappos from $1.6 million in 2000 to $840 million in 2007, a measly 525,000 percent increase.
This is one of more than 50 education sessions to be presented at the 2009 NAA Education Conference & Exposition. Visit www.naahq.org/educonf for registration information and a complete schedule, which includes keynote speakers Forbes Chairman and CEO Steve Forbes, comedian Dana Carvey and Politico Founder Jim VandeHei.
Dominating the current talk about marketing is effective use of social media—how Twitter is taking over e-mail, how Facebook has more users than most countries have citizens and how engineered virality can replace a marketing budget. With all the chatter, one might think that social media should be a substitute for advertising–a reason to eliminate a company’s marketing staff, and even cure the common cold. This panel will share effective social media strategies that companies can use and discuss common misperceptions about social media.
Rentwiki.com co-founder Eric Wu will moderate the panel, which also includes Jeremiah Owyang, Senior Analyst at Forrester Research; and Pete Flint, Founder of real-estate industry Web site Trulia.com.
Visit www.naahq.org/educonf for registration information and a schedule of the more than 50 education sessions to be presented at the 2009 NAA Education Conference & Exposition. Or call NAA at 703/518-6141.
Paul Bergeron
National Apartment Association
Director of Communications-UNITS Magazine
4300 Wilson Blvd Ste 400 Arlington VA 22203
phone: 703/797-0606 fax: 703/248-9440
America’s Leading Advocate for Quality Rental Housing
Zappos, NAA, Apartment Marketing, Using Social Media to Market Apartments
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Using Social Media to Market Apartments – Resident Retention
Apartment residents move for a variety of reasons and many times we have no idea why. It’s kind of a shame, really. Social media/networking can help change that and by default drive down our cost of turnover. Think about it, if you couple the advent of the internet with the understanding that people are innately social – toss in a few platforms where they can observe, connect or participate and you have the perfect recipie for resident retention. And, as demonstrated in the last post you have the recipie for some great GoogleJuice. What we are really after is what Seth’s Blog: Share of wallet, share of wall, share of voice speaks to. [A quick shout out to @sbrewer10 for bringing this one to my attention.
In short, Seth speaks to the point many of us have made over the years – long before the advent of the internet and social platforms – the replacement cost for a resident is far more than the cost of retaining our current ones. Lisa Trosien wrote a great piece over at Multifamily Insiders that speaks to this point.
What kind of experience are you creating today to get a share of the wallet, wall or voice of your current resident base?
Have a stellar day –
M
Using social media to market apartments, resident retention, apartment marketing
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Renter’s want current infomation
Mike Brewer · · 1 Comment
I ventured over to Forrent’s website tonight to find out if they had an alert function built into their site. I am thinking something along the lines of Craigslist’s RSS feed that alerts apartment seekers when new listings are posted. Forrent seems like the perfect platform for such a feature. More on that in a later post. What struck me tonight as I moved toward the bottom of the page was the fact that the Talking Funiture copy was still posted. Might be time to take that down and replace it with the winner’s information. Just a thought. No ill intent meant.
Apartments For Rent – Nationwide Apartment Rental Search – ForRent.com
Enter ForRent.com’s “If Only Your Apartment Furniture Could Talk…” Video Contest for your chance to win $10,000. Visit www.WinApartmentFurniture.com
and submit your video by June 15, 2008. Vote on your favorite videos
and share them with friends to help select the Top Ten Finalists and
the Grand Prize Winner!
Mike Brewer, Forrent.com, Forrent, Apartment Marketing
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