1 in 5 Smartphone Owners Are “Checking-In”What This Means for Real Estate

Did you check-in today on Foursquare? How about Facebook Places? Gowalla?

For me, “checking in” is a part of pretty much my daily routine. I love seeing where my friends and colleagues are checking into, I love all the “badges” and gaming aspect of it, and of course I love the specials that may places are now (finally) offering for those of us who check-in.

Checking in is becoming more and more popular. The latest ComScore report, released a few days ago revealed that nearly 1 in 5 smartphone owners access check-in services via their mobile device.

I was pretty amazed by that statistic. I remember just a little over a year ago – January 2010, sitting backstage at Real Estate Connect NYC and hearing Dennis Crowley explain Foursquare. At the time I had heard of it, had even downloaded the app onto my phone, but really didn’t “get it.” Fast-forward 14 months later, and now I’m a bit “check-in obsessed!”

Here are a few interesting facts from the report:

• 70 percent of mobile users are “checking-in” from an Android or Apple phone
• 16.7 million U.S. mobile subscribers used location-based “check-in” services on their phones in March 2011, representing 7.1 percent of the entire mobile population. 1
• 2.7 million check-in users did so on a smartphone, representing 17.6 percent of the smartphone population.

“Although still in their relative infancy, location-based mobile check-in services are seeing rather impressive adoption among smartphone users,” said Mark Donovan, comScore senior vice president of mobile. “The ability to interact with consumers on this micro-local level through special offers, deals and other incentives provides brands with the real-time opportunity to engage consumers through their mobile device.”

So who exactly is checking in? I sadly do not fall into this demographic anymore , but according to the report, 18-34 year-olds account for nearly 60% of check-in service user.

So how exactly does this affect real estate? Well, we are starting to see brokerages adopting creative social media strategies, like the ‘Race for the Home’ event that Prudential Georgia Realty is doing. They are a real estate brokerage based in metro Atlanta, and have teamed up with property search site HomeFinder.com and mobile gaming platform SCVNGR to offer some 500 prospective homebuyers the chance to compete for a $15,000 down payment on a home purchase. We’ve also see The Corcoran Group embrace Foursquare and is now a major brand on Foursquare. Foursquare fits beautifully into Corcoran’s core brand ideas in that the process of searching for a home is just as much about what’s outside of the 4 walls than it is inside.

Beyond checking in – I think there is a greater lesson here: mobile check-in service users display strong propensity for mobile media usage.

According to the report, more than 95 percent of check-in service users used their mobile browser or applications. Nearly 62 percent accessed news. Check-in user behavior was also consistent with that of traditional early adopters, with 40.3 percent of users accessing tech news and 28.2 percent owning a media tablet, both significantly higher than average.

Still wondering where I am going with this? Here’s my point – if 1 in 5 people who have a smartphone are “checking in” around town AND 60% of 18-34 year olds are checking in – then that means a huge portion of your clientele (or perhaps your clientele’s adult children who are also potential clients) are using mobile devices when searching for property.

Contrary to popular belief, a mobile version of your site is not just a smaller version of your site on a tiny screen! A mobile optimized version of your site is a site that displays information accurately and in an easy to read format on a smartphone. If your website is not mobile optimized – you are missing a HUGE portion of your audience. Do you get clients who talk to you about listings they saw on Realtor.com, Zillow or Trulia instead of your site or your broker site? Why do you think that is? This could be a whole other blog post in and of itself – but a possible reason is all of those sites are mobile optimized AND they all have awesome apps that make searching for homes for sale super easy.

What is really exciting is that optimizing your site for mobile is probably easier than most people would think. There are tons of qualified web designers out there that can do this for you and/or create an app for your site. Not sure where to start? Ask your colleagues? Post a note on Facebook that you are looking for local recomendations.

Creating a real estate app with MLS data is also easier than you think. Boopsie and Smarter Agent are two excellent real estate choices I would recommend.

What do you think is the future of the check-in and location based marketing? Is your site mobile optimized or do you have an app your clients can use to search for homes? I would really like to have a discussion about this and get your thoughts – please leave me a comment below!

PHANTOM POWER
Marketing by Design
www.phantompower.co  

Source: Katie Lance, Social Media Director, Inman News

Email Marketing Tips for Targeting Inactive Subscribers

I've been managing an email marketing campaign for one of my clients for the past few years. The database grows slow and steady but it seems it is the same people consistently opening and interacting with the email content.

How can I get the others to participate?

Well, the first critical step is complete, I've identified those recipients of your email campaign who are inactive.

The point of identifying your inactive recipients is to treat them differently - not to delete them, ignore them or cry over their inactivity. Your goal after identifying and segmenting your "active" and "inactive" subscribers is to spend more productive time on actives and attempt to re-engage inactives.

Here are some things one can do to re-engage inactives:

• Special Offers
  If you are a retailer, for example, consider a special offer such as discounts or free shipping. If you are a B2B marketer you might offer a special white paper that will motivate the recipient to re-engage with your communications.
• Survey Subscribers
  While you are not likely to get a significant response, consider surveying these recipients to help provide insight into their inactivity.
• Update Profile
  Using incentives, drive subscribers to your profile update page where they can change email addresses, update format preferences, demographics and interests. This updated information may now enable you to send them targeted and relevant emails.
• Understand Their Demographics/Profile
  Perhaps a large percentage of your inactives share a common trait. Perhaps they opted in as part of registering for a white paper or seminar or promotional offer. Or perhaps a majority are women, while your content is oriented toward men.
• Try Different Send Days/Times
  If you always mail on the same day or time of day, try some different distribution times (what do you have to lose?).
• Modify Frequency
  Now that you've segmented your list by actives and inactives, consider adjusting the frequency of your sends. If you normally send twice per month, you may want to test sending three times to active subscribers, but only once to inactives.
• Create Different Content
  If your analysis has been able to uncover some common threads among inactives, consider packaging the content differently for this group. For example, a newsletter from a job search-oriented business might logically find many subscribers becoming inactive after completing their job search. For these recipients, the company might want to focus its newsletter content on managing people, careers and the hiring process. Uncovering this type of trend should lead to providing different newsletters or dynamic versions based on a person's profile or stated preferences.
• Try Different Formats
  Test using a text version, for example, that is very simple but with specific links and messaging intended to drive action.
• Test Different Styles of Subject Lines
  If you've used a particular style of subject line, try a different approach with the inactives. Creative subject lines could be one of your most effective strategies in getting recipients to re-engage.
• Monitor Seed/Proof Lists
  Send your messages to proof and seed lists for key domains. Monitor if content or images are causing your messages to be filtered or treated differently with specific ISPs and companies. If problems are detected, consider developing different versions of the messages that may not trip filters.
• Send a Postcard
  If you have your subscribers' mailing addresses, consider sending them a postcard that offers an incentive if they'll update their email preferences and profile.
• Re-engaged to Active Status
  After each email message sent to the inactives, change the demographic status of those recipients that clicked a link to "active." This helps keep your focus on converting the inactives and tracking your success in those efforts.

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Here is an extremely useful blog post from Seth Godin where he discusses the efficiencies and inefficiencies of two different email marketing campaign case studies.

What are you doing to re-engage inactives?

PHANTOM POWER
Marketing by Design
www.phantompower.co