Budget Season: Will You Be Making These 3 Marketing Expenses?: 07/29/2012
Budget Season: Will You Be Making These 3 Marketing Expenses?
By Emily Williams, RET Content Coordinator
5 out of 5 by 4 User(s)
Posted by: RET Staff
Posted by: RET Staff
I recently spotted an article on Mashable that listed three marketing expenses as "must-haves" for the upcoming budget season. I'm going to discuss each and then ask you to weigh-in on whether or not they'll appear in your budget.
1) Social Media
- What should you be doing? According to Mashable, you'll want to look at your current social media presence to determine if you are optimally represented. If you don't have a profile on any of the primary social networks, or if you've been inactive on any of these networks, it's time to step things up. Begin to post regularly. This may mean creating content on your blog or website and then feeding links to that content to social media profiles – that's content marketing, which we'll talk about next. You may also want to consider advertising on social media (i.e. "promoted posts" on Facebook).
- Where's the expense? For many agents, there may not be any direct costs associated with social media marketing; instead, the expense lies in the resources you'll need to allocate. For instance, you'll need to spend some of your own time or that of an employee in order to build your social media presence. Direct costs might come from advertising on social media, if you decide that makes sense for you.
2) Content Marketing
- What should you be doing? Content marketing is exactly what it sounds like – creating and sharing content (i.e. on a blog or website) to educate and inform, while at the same time marketing yourself, your services, or your individual listings (in the case of real estate professionals). This content may take the form of a written article, a video, a podcast, photos, an infographic, or . . . (you take it from here; let your imagination run wild).
- Where's the expense? If you don't have the time or the inclination to create content on your own, you may need to hire someone else to do it. If that "someone" is already a member of your staff, the expense is represented in the use of their time. However, it's not uncommon to outsource content creation. RISMedia's RESource is a great example of a service that can help with this.