Outshine The Competition: Real Estate Marketing With Zero Budget (2024)

Real estate is all about your reputation these days. These tips will help you get more referrals and build your business faster. All of them require zero..

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Real estate is all about your reputation these days. Your brand and real estate logo is you. And that can make or break your business. The great news is improving the way your reputation is perceived in the market is something you can do for free. And yes, you can outshineyour competition by doing betterreal estate marketing with zero budget.

The best names in real estate almost always spend next to nothing on advertising. Yes, they have a website, blog, and engage with people via their followups. But they probably don’t spend much on print ads or digital ads.

Well then,how are they succeeding?!?

Outshine The Competition: Real Estate Marketing With Zero Budget (1)

It’s through their personal brand equity. Here are the steps I use to build up my credibility in a niche.You can start right away by following these steps:

1. Learn The Market

It’s really important to understand everything there is to know about your real estate market. Sure, you can fake it to a certain point. But eventually lack of cold-hard knowledge will get to you. You can do this by reading articles, keeping up with local news, watching trends in similar cities, and most importantly writing. Why writing you ask? Because it’s easy to ‘think’ you know something. But when you have to write about it, you gain a completely different level of understanding. Plus, you’ll have a blog that proves your knowledge to anyone online. The the perfect win-win!

2. Find Your Opening

After several weeks of reading, you’ll start to find an opening or niche in the market. This could be a specific area, neighborhood, type of property, or anything really. The key here is to find something you love. And then pursue it with everything you know. My biggest mistake is always trying to go to wide with my opening. You really should try to pick an opening that is smaller than you are comfortable with.

3. Make Connections

Next, find the top influential people in that area. Make a list of 50 of them and start getting their contact information.Then, take them out for coffee and follow up with them similar to the 33 touch system. Finally add them on LinkedIn and other social networks. Make these people realize your expertise in the area!

4. Write A Blog Or Publish On LinkedIn

Finally, it’s time to prove your knowledge to everyone. Remember the phrase: “If a tree falls in the woods, and nobody is around, Does it make a sound?” Well, you do NOT want to be that tree. Blogging and websites give you the ability to prove your knowledge so easily. Here’s a quick tutorial on how to set one up:

Keep in mind, these writings don’t have to be huge. They could even be 500 words. Heck, you could even have someone else write them for you for $5 an article.Simply publish content.

5. Social Or Digital

The next important thing is to be on social media. Here are two great tips for being found on social media:

1) Post daily – our checklist includes 21 things that real estate agents can do to be more ‘social.’ You can read about it here.

2) Post in Facebook Groups – here is a quick guide to how posting in Facebook groups can help you become an awesome Realtor. Click here

6. Be Everywhere People Look

Finally, the internet is full of information. There are tons of places to look for answers to your questions. But there is one key feature. Most neighborhoods or cities have a very specific areas where they post.You can find them through simple Google searches. For example, if you find people in your city posting on Yelp. Go to Yelp and start a few posts.

Keeping your eyes peeled and posting useful information is a great way to outshine other Realtors everywhere. You can easily become a dominate player in the market and be trusted by many people through just a few posts a week.

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Tyler Zey

Hey! I'm Tyler with Easy Agent Pro! We provide top notch marketing content for realtors... And we do it for FREE! I get excited about sharing tactics and strategies that can be implemented TODAY.

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Outshine The Competition: Real Estate Marketing With Zero Budget (2024)

FAQs

What is a good marketing budget for real estate? ›

Rule of thumb for real estate marketing budget: 10% of GCI

The rule of thumb for real estate marketing spending is 10% of your GCI (gross commission income). This applies to an individual agent or a team, and includes money spent on marketing and lead generation.

How much does the average real estate agent spend on marketing? ›

Most agents suggest you spend about 10% of your commission income on marketing. But if you're just getting started, that might not amount to much. New agents may struggle to find $1,000 or more to spend.

How do you deal with competition in the real estate industry? ›

So anyone who is wondering how can a realtor stand out in a market full of competition, enhancing the client experience is one of the most effective ways to approach it and become a favorite with the audience. It is essential to treat your clients with high regard since it is a people's business.

Where do real estate agents spend their advertising dollars? ›

Where Should Real Estate Agents Spend Their Marketing Budget?
  • A High-Quality Website. ...
  • Creating a Blog. ...
  • Content Marketing. ...
  • PPC Advertising. ...
  • Social Media Platforms. ...
  • Professional Photography. ...
  • Email Marketing. ...
  • Wrapping It Up.
Sep 8, 2020

What are the 4 P's of marketing in real estate? ›

If you've been working as a professional marketer anytime in the last 60 years, you are likely familiar with the four Ps of real estate marketing: product, price, place and promotion. The four Ps are often referred to as the “marketing mix” and encompass a range of factors that are considered when marketing a product.

What is a realistic budget for marketing? ›

In the simplest terms, your marketing budget should be a percentage of your revenue. A common rule of thumb is that B2B companies should spend between 2 and 5% of their revenue on marketing. For B2C companies, the proportion is often higher—between 5 and 10%.

Can Realtors write off cell phone? ›

Furniture, fax machines, copiers, computers, or your telephone (and associated bill) can also be expensed in full or depreciated over a number of years.

What percentage do most realtors take? ›

What percent commission do most real estate agents charge? The typical commission under the current model has been somewhere between 5 and 6 percent of a home's purchase price, which is then split evenly between the agent representing the buyer and the agent representing the seller.

What makes you stand out as a realtor? ›

Building strong relationships within your community and consistently delivering value will establish your reputation and attract more clients. Remember, success in real estate isn't just about making sales; it's about being a trusted advisor to your clients.

How do you win a competitive housing market? ›

6 Winning Tips to Buy a Home in a Competitive Market
  1. Do Your Pre-Approval Homework. ...
  2. Get The Right Agent to Help You Buy a Home in a Competitive Market. ...
  3. Know Exactly What You're Looking For. ...
  4. Be Faster Than Everyone Else. ...
  5. Be a Nice Buyer. ...
  6. Think About Contingencies. ...
  7. Hang On—It's Going to Get Bumpy.

How do you stand out in market competition? ›

How to Make Your Business Stand Out from Your Competitors: The Ultimate Guide
  1. Offer Exceptional Customer Services. ...
  2. Use Social Media to Stand Out. ...
  3. Use Unique Selling Propositions. ...
  4. Create a Strong Brand Identity. ...
  5. Build a Strong Online Presence. ...
  6. Reward Customer Loyalty. ...
  7. Target Your Market with Precision.
Oct 9, 2023

What is the most popular type of real estate advertising? ›

The most popular types of real estate advertisem*nts
  • Text digital ads. A text ad is an ad that includes just text. ...
  • Display digital ads. A display ad has something that a text ad does not—visual imagery of some kind to help capture a viewer's attention. ...
  • Video digital ads. ...
  • Print ads.
May 25, 2020

Where do real estate agents make the most money? ›

Real estate agents in high cost of living cities such as New York and San Francisco tend to be the highest earners.

Which promotion would have the lowest cost to the broker? ›

Final answer: Email newsletters are generally the cheapest option for promotion as they require fewer resources compared to TV, billboard, and social media advertising.

What is a good ROI for marketing budget? ›

The shortest and most straightforward answer to this question is that a good marketing ROI is a ratio of 5:1 - or making five dollars for every dollar you spend. A marketing ROI of 10:1 is considered exceptional. This is because you're turning a profit, even when you account for external variables.

How much should an agency spend on marketing? ›

Some rules of thumb have been proposed in the past – for example, dedicating 5-10% of your gross revenue to marketing activities. But the more important thing to think about is where your business is in its growth strategy and what you actually want to achieve from your spending.

What is a typical marketing budget for a start up? ›

The money gained from your gross revenue should fund your marketing budget. So, how much of your gross revenue will you need? The average marketing budget for startups should be 11.2% of overall revenue. This percentage gives marketers enough resources to build brand awareness and start attracting leads.

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