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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
   Its how we are communicating as a culture
   1 billion active facebook users
   Its here to stay                          Referrals
   Reach your clients
   Education for all
   Its viral                       Reputation

   Build your online presence
   Its free!                                      Relationships




                                                                   23
Social media is not advertising
   Social media is not public relations
       Social media is not branding
Social media is not only about technology
• 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.




                                             25
Only14% of people
    believe in
 advertisements…




                    26
78% Trust the
recommendations of
other consumers




                     27
At A Glance

                                             • Launched: May
                       • Launched: early
 • Launched: 2005-                             2003
                         2006
   2006                                      • 100 Million
                       • 500 Million
 • 1 billion                                   Users
                         Users
 • Photos: multiple                          • Photos: profile
                       • Photos: profile
   galleries                                   picture
                         picture
 • Privacy: based on                         • Privacy: user
                       • Privacy: user
   user settings                               controlled
                         controlled
 • Connections                               • More
                       • Primarily used to
   between friends                             “professional”
                         push
   and acquaintances     communication       • Includes
 • Sharing               and updates           Executives from
   communication,                              every Fortune
   photos, updates                             500 company
                                             • Less sharing of
                                               photos, updates   28
   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
                                Paid
   Interests
   Categories
   Connections of pages etc.
   Relationship Status
   Languages
   Education
   Workplaces
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
Free
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
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
Free
   Work on scheduling 2 tweets a day
   Link to your Facebook page
   Add profile to customized business
    directories
   List Management
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
Free
Positives                   Negatives

   It is easy to stay in      Too many emails
    touch                      Too many junk emails
   Documented thing           Managing multiple
   Free, fast and              email accounts
    omnipresent                Cant search old emails
                                if computer changes
   Best form of offline
                               Cant print everything
    communication
                                as paper load will be
                                too much
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
Listing

      Print                  Design
     Materials               Center




                A good            You Tube

                 Photo
Facebook
                                    Video




                            SlideShare
      Twitter
                                PPT

                   Blog
   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 broking

  • 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. Its how we are communicating as a culture  1 billion active facebook users  Its here to stay Referrals  Reach your clients  Education for all  Its viral Reputation  Build your online presence  Its free! Relationships 23
  • 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. • 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. 25
  • 26. Only14% of people believe in advertisements… 26
  • 27. 78% Trust the recommendations of other consumers 27
  • 28. At A Glance • Launched: May • Launched: early • Launched: 2005- 2003 2006 2006 • 100 Million • 500 Million • 1 billion Users Users • Photos: multiple • Photos: profile • Photos: profile galleries picture picture • Privacy: based on • Privacy: user • Privacy: user user settings controlled controlled • Connections • More • Primarily used to between friends “professional” push and acquaintances communication • Includes • Sharing and updates Executives from communication, every Fortune photos, updates 500 company • Less sharing of photos, updates 28
  • 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 Paid  Interests  Categories  Connections of pages etc.  Relationship Status  Languages  Education  Workplaces
  • 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. Free 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
  • 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. Free  Work on scheduling 2 tweets a day  Link to your Facebook page  Add profile to customized business directories  List Management
  • 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. Free Positives Negatives  It is easy to stay in  Too many emails touch  Too many junk emails  Documented thing  Managing multiple  Free, fast and email accounts omnipresent  Cant search old emails if computer changes  Best form of offline  Cant print everything communication as paper load will be too much
  • 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.
  • 86. Listing Print Design Materials Center A good You Tube Photo Facebook Video SlideShare Twitter PPT Blog
  • 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