| Dear Anthea:
There is a very powerful way to
market your listing online that is under the radar screen of most
Internet-savvy agents. The benefits of using this unique
method include: a) having hundreds, if not
thousands, of interested people view your listing within days;
b) driving more traffic (and leads) to your own
Web site; and c) helping you take in even more
listings by standing out head and shoulders above your
competitors.
The best part is that this can all
be accomplished for as little as $2.25 per listing and for very little
effort. The secret is listing your properties for sale in Yahoo!
Auctions, and here is an
overview on how it works:
STEP
1 - Go to Yahoo! Auctions and register
as a seller.
STEP
2 - Submit your listing as an auction item using the listing price as
both the minimum bid (i.e. starting bid price) as well as its
"reserve" price (i.e. the minimum that the listing can
sell for) . Include a compelling description, pictures of the property (up to 10 allowed), and links to your e-mail address and primary Web site. You can even get fancy by using simple HTML tags to make the text description look more appealing and professional.
IMPORTANT: be sure you show full and appropriate licensing disclosure for each listing being auctioned.
STEP
3 - Create
and customize your Yahoo! Auction "booth" to look
similar to your Web site. Yahoo! auction booths are special areas
of the auction site that are dedicated just to your items (i.e.
listings). You can further promote your auctioned listings
by including a "Auction Specials" section to your Web
site.
STEP
4 - Keep note of how many unique
visitors viewed the property during the auction period (which
typically lasts seven to ten days).
It is not uncommon for well over
1,000 people to view auction properties in just a few days (and
properties have been known to sell during auction)! This means
incredible additional exposure for your listings and for you
since each listing has a link to your e-mail and Web site. Also,
when you show a prospective seller how you will incorporate these
auctions into your overall marketing plan (by showing them a
sample), you powerfully differentiate yourself from your
competitors for that new listing.
Now you could do everything
mentioned above by yourself at little cost (other than
your time). Ultimately however, you maximize the benefits by
letting others do the work for you (at minimal cost, of course!)
so you can concentrate on doing the part of the business you enjoy
most...
An Automatic Profit Generating
Machine
Like any other part of your business,
the more you systemize the above process, the more you can reap the
profits without having to do all the work. Here's how you do it:
SETUP...
Have your Web designer:
-
Build an attractive
Web page template (stored locally on your computer) that
you can use to maintain a consistent "look" with every
new listing posted on Yahoo! Auctions. This template should
contain pictures and descriptive text for an actual property so
you can show it as an example during listing presentations.
-
Customize your Yahoo!
"Auction Booth" (using HTML) to have the same general
look and feel as your current Web site.
-
Create a special
"Current Auctions" section on your site with links to
all your active auctions.
If you don't currently
have a Web designer, don't worry. You can find the talent you
need (typically within 24 hours) by going to eLance.com
and submitting a request for someone who can complete your particular
project at reasonable cost and quickly.
(NOTE: I've referred to eLance.com numerous times in my previous
"Ask Mr. Internet!" articles as an incredible virtual
assistant / consultant resource for your business.)
ONGOING...
Have your virtual
assistant (again, use eLance.com to find this person if you don't
already have one) do the following every time you take a new listing:
-
Modify the template
with the listing's information and post it in the appropriate
location of Yahoo! Auctions and make sure it also shows up on your
Yahoo! Auction Booth as well.
-
Add the link to the
new listings auction page to your "Current Auctions"
section of your site.
-
Send an e-mail to the
seller with a link to the auction page so they see how you are
going the extra mile to market their property.
-
On a weekly basis,
remove links from your "Current Auctions" site for those
auctions that have expired (i.e. their auction period is up).
The only thing left for
you to do is take more listings and handle all those leads that come
in �generated by the extra exposure from the online property
auctions. Keep in mind that the leads you do receive are
probably highly qualified, otherwise they would not have bothered to
look for specific properties in an auction site.
If you do end up selling
the property through this auction process, great! �just
don't depend upon it. The main benefit here is more exposure
for you and your properties, more leads, and more listings as you
powerfully differentiate yourself from your competitors. Not a
bad payoff for such a simple idea!
Article Resources: |
| Yahoo!
Auctions - where you can look for the Web edition of
all newspapers world wide. |
eLance.com -
where you can find your template designer, virtual assistant, or
just about any other skill in very short order. |
  
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