The Lake Team

New Search Engine Optimization Technology Ready to Revolutionize Real Estate Industry

The real estate industry has seen a huge number of changes over the past 20 years with the advent of pagers, cell phones and the Internet, and a new one coming out now for search engine optimization will do the same thing with how agents market themselves online in 2010 and beyond.

Since 1999, the real estate industry has seen less than 1% of home sales come from the Internet to over 80% in the last 2 years.  The changes keep coming, and real estate agents and brokers are doing their best to keep up by creating websites and search engine rankings to get to where the buyers are coming from.

Agents spend thousands of dollars and more to pay for SEO work and marketing to get first page rankings for a few major keywords in Google, Yahoo and other major search engines.  Pay-per-click offers some traffic, but the costs can get expensive, and many agents are not happy with the results they get.

All of that will be changing very soon as a new IDX/MLS search engine marketing system begins to hit the real estate industry over the next 12 months.  It is a new “SEO” technology that will revolutionize the real estate industry one more time and enable real estate agents in the middle to low productivity class to compete with the “whales.”

What is it?

It is a technology that breaks down an agent’s IDX feed and creates thousands of Web pages all targeting long tail keywords and adds them to their website.

Why is it powerful?

Because over 70% of all keywords typed into Google looking for real estate are long tailed keywords.  Long tail keywords are normally 6-7 plus word searches for real estate like:

“2 bedroom condo for sale in la jolla”

“gated home for sale in del mar”

“3 bedroom oceanfront condo for sale san diego”

Compared to short tail keywords where most agents are bunched up like:

“san diego home for sale”

“san diego real estate”

“san diego condo for sale”

This technology first grabs up hundreds of long tailed keywords and then begins to also pull short tailed keywords over time.

When agents start getting hundreds of Web pages ranking in Google, they are going to start seeing much better results in the form of home sales, plus the long tailed keywords normally convert into a better quality lead since the searches are much more specific.

Why will it revolutionize the real estate industry?

1. Because it is going to put agents using it at a huge advantage against agents and brokers who do not.  Agents who have hundreds of pages ranking in Google will start getting better results than agents with a handful or couple of keywords.  It is no longer about who can spend more, but rather where you are spending your marketing dollars that matters.  The costs are low enough so anyone can afford it, which levels out the playing field for agents.

2. It is a technology that goes after where the vast majority of searches are being done online (long tail keywords) — and it is very affordable.  After reviewing data last week from Google Analytics, the total number of long tailed keyword searches amounted to 80% of the total searches being done.  Most agents and SEO experts do not realize how many searches being done are coming from these long tailed keyword phrases.  Considering the fact you can create a couple thousand pages and target hundreds of keywords for $600 makes this affordable to the everyday agent looking for ways to maximize their marketing budget.

Also consider the options that most real estate SEO companies offer now which is “spend $2,000 to $5,000 for search engine optimization and get 3-5 keywords on the first page of Google.”  The cost is much cheaper than traditional SEO packages, and the results are greater because relevant data from the listings in the MLS is being used to provide the content and pages are not created from scratch.  You are not just ranking in Google for 3-5 keyword phrases but rather “hundreds” of keyword phrases, which when added together become significant.

The long tailed keyword pages will eventually get rankings for short tailed keyword phrases after doing long term link building.  This is a much cheaper way to get results than what the vast majority of companies are charging.

3. This is a low cost form of SEO which targets hundreds of keywords and creates a massive blanket of Web pages which are attached to the agents existing website.  You keep the website you have and add thousands of pages to it.  The option for starting with a new website is available as well, but many agents have had the same website for years and are happy with it, so this creates a cutting edge way to add to it and keep building it out.

How many companies offer this type of service?

The fact is there are a few companies who have versions of this technology, but they either charge $5,000 for the build out or they simply take the MLS data and paste it on the Web pages.  This is not as effective as re-writing all the title lines and anchor text for each listing and re-classifying it for multiple categories.

This new technology is different because it re-writes all the title lines and anchor text, and it classifies the listings according to how they are being searched for.  This puts the content on static Web pages for search engines while still staying compliant with the MLS boards on how the information can be displayed.

It updates all the pages and listings as the MLS data updates and is able to transfer ASP data into static feed data and create the static feed data on the fly for anyone who is tech-savvy.  If you do not understand that, do not worry since all you need to know is that 1) it works very well and 2) it is cheap to get started.  A couple thousand Web pages can be created for $600.

Because most companies simply copy the data, they can only offer the content to one agent per market place because, if they build it out for anyone else, it would be duplicate content.  This new technology can spin and re-write the data so that Phoenix — as an example — could have 3,000+ agents all with different Web pages and content.

Not MLS limited — What do you mean?

The fact is that other companies who offer similar versions are limited to offering this service only to areas where they can get an MLS feed.  With over 900 MLS boards around the country, this is very limiting since each board has different costs and access to vendors making this a real big pain to deal with.  This technology can use the MLS feed when available or use Google Base, if the MLS provider is too expensive or difficult to work with.  This means that this service is available anywhere in the United States and Canada.

A few large website companies are now looking at using this technology for their clients since many website companies need something to keep their cancellation rates low and also something to give them an edge over their competition.  Agents who are tired of pay-per-click and poor results with other forms of marketing are starting to invest in setting up these massive Web page grids and pull in more buyers off the Internet.

The sooner you can put it to use, the faster you will see the power of this technology and how effective it is as a low cost way to target Internet buyers and traffic and start expanding the number of home sales and search engine exposure you are getting.  For more information on this new SEO service for real estate agents and mortgage lenders, check out the Real Estate Marketing Nerds website or e-mail info@multimediaicon.biz.

By: Sean Callahan, www.rismedia.com

Dumbest Things You Do with Your Money

Brad Klontz knows all about the dumb things that smart people do with their money: He’s a smart guy (with a doctorate in psychology) who lost half of his assets in the technology stock bubble.

A financial psychologist, Klontz says that when it comes to money smarts, size matters: The logical part of your brain is so much smaller than the emotional side that it’s like “a circus performer riding an elephant.”  To make smart decisions about your finances, you need the logical side to dominate.  But once you get tweaked by greed or fear, that elephantine emotional brain is likely to run amok.

That’s why otherwise intelligent people chase get-rich fantasies.  Or cling to stocks that are long past their expiration dates.  Or find other ways to let fear and superstition keep them from smarter financial moves.  Here are eight of these common, emotionally driven money mistakes — plus some tricks from experts for getting that elephant in line.

1. Falling in Love … With Your Investments

It can be great to fall in love with a person, but stocks can get you into deep trouble.  Newport Beach, Calif., financial planner Laura Tarbox says she sees this all the time: Some clients keep concentrated stock holdings because they inherited them and “Mom just loved IBM,” or because they work for the company and feel that selling would be disloyal.

Then there’s the couple who came to her asking for help investing $12 million.  ”That sounded really great until we found out that this couple used to have more than $1 billion,” Tarbox says.  ”All their money had been invested in a company that the husband helped launch — and he couldn’t convince himself to diversify when he walked away.”

Sorry, but that relationship just won’t work, says Tarbox.  No one should have more than 10 percent of his or her wealth locked in one stock.  Just ask the former employees of Enron, who lost both their jobs and their retirement savings when the company filed for bankruptcy 10 years ago.

2. Chasing a Fantasy

You’ve read it 100 times: “Past performance is not an indication of future returns.”  But no one appears to believe it.  Purveyors of investment data can trot out tons of statistics showing that when a mutual fund or asset class (such as gold, emerging markets stocks, or junk bonds) gets singled out for great quarterly or annual returns, investors start to pour money into that investment like it was going out of style.

And, of course, it is.  One extensive study that looked at 19 years of market data found that investors consistently poured money into “hot” investments just as they were about to turn cold.  That left the average investor with returns that fell way below the market as a whole and didn’t even keep up with inflation.

Klontz admits that this is why he lost his shirt in technology stocks.  It’s a natural inclination to “run with the herd,” he says with a shrug.  Maybe so, but if you don’t want to get trampled, you have to devise an investment strategy that suits your goals and then stick to it, even as your neighbor gets (temporarily) rich on the investment du jour.

3. Equating “On Sale” with “Good Deal”

Consider two television sets: Both are $500, but one is marked down from $800.  Which one do you buy?  If you’re being reasonable, you buy the one that got the better rating in Consumer Reports.  But most people buy the one that’s on sale, says Matt Wallaert, a consultant for LendingTree, which owns the money management Web site Thrive.  In fact, even people who would never have spent $500 on a television often will when it’s discounted — simply because it’s so cheap!

In reality, $500 is $500.  If you wouldn’t normally spend that much on a television (or any product, for that matter), you shouldn’t do it now.  We’ve been fooled by “anchoring”: the illogical, but nearly inescapable, tendency to base our estimates of value on the nearest number we see, rather than an independent assessment.  Just because the tag has $800 crossed out and replaced by $500, that doesn’t mean $800 was a meaningful price.  Indeed, an MIT experiment revealed that students who wrote down the last two digits of their Social Security numbers based their estimates of a wine bottle’s worth on those two random numbers.  The higher their numbers, the more the students were willing to bid for the wine.

Before you pull out your checkbook to splurge at a sale, evaluate whether the product, be it a television or a bread machine, is worth that price in enjoyment.  Consider how often you’ll use it, for instance, and whether you can get something of similar quality for less.

4. Retaliatory Spending

You don’t need it.  You don’t want it.  But, dang it, no one is going to tell you that you can’t have it.  New York psychologist Bonnie Eaker Weil calls it “POP” spending — for “pissed-off purchases.”  She did a survey before publishing her latest book, Financial Infidelity, and estimated from the results that POP spending accounts for about $424 billion in purchases each year.

One of Weil’s Brooklyn-based clients, for example, went on a retaliatory $500 shopping spree when her husband gave one of her beat-up old jackets to charity without asking her first.  When she got home, she informed him that since he didn’t like her old jacket, she had gotten a new one from Saks Fifth Avenue.  Such purchases can also result from a fight with your boss, mother, or best friend, according to Weil.

But as good as retaliatory spending may feel, it can do real damage to your financial health.  Tarbox says a better approach is to talk out the anger, hurt, or disappointment — or just your bad day — with a friend, or even a professional counselor.  If you have to spend money on a psychologist, it’s probably still cheaper than the golf clubs or designer shoes you put on your credit card after that last argument with the boss.

5. Hanging on to Debt

The number of people who have money in savings accounts, earning less than 2 percent, while carrying debt on credit cards that charge more than 14 percent is “shocking,” Wallaert says.  Of Thrive’s customers who have more than $500 in credit card debt, almost 40 percent have more than enough in savings to pay it off, he says.

Wallaert connects this mistake to “mental accounting” that separates our money into different stacks that we think ought to stay separate.  But illogical separations can create mathematical mayhem.

Consider a person with $5,000 in credit card debt and $10,000 in savings.  The debt costs him 14 percent per year, or $700, but the $10,000 in savings earns just 2 percent annually, or $200.  He could pay off the debt, saving the $700, and still earn $100 annually on the remaining $5,000 in savings.  Net result: He’s immediately $600 richer and can start saving faster.

You might argue that you need those savings for emergencies.  And you do need some emergency savings, allows Frank C. Presson III, a financial planner in Tucson, Ariz.  But if you’ve got considerably more savings than debt, there’s no excuse.  Keep one month’s worth of living expenses in the bank, even at those sorry returns, Presson advises.  Use the rest to pay off the high-cost debt.  Then rebuild the emergency savings, not the debt.  Worst-case scenario: You still have the credit cards (now with zero balances), and you can tap them in an emergency.

6. Parental Martyrdom

An emerging problem involves parents who spend themselves to the edge of insolvency bailing out their children.  ”It starts from a good place, basically from wanting to be a good parent,” Klontz says.  ”They’ll say that Johnny is going through a rough patch and needs some help.  But it becomes financial enabling.”

Worse, it often causes the parents to suffer money woes that keep them from retiring or living comfortably because they’re constantly paying Johnny’s bills.

Any time you help an adult child, you should have a clear idea of how much help is necessary, how long it will be required, how it will help the child get back on his or her feet, and when (or whether) the child will have to pay you back.  When there’s no plan — just an open checkbook or couch — you turn the child into a dependent who becomes increasingly incapable of taking care of himself, Klontz says.

“I talk to the parents about how their attempts to help are like giving a drink to an alcoholic because his hand is shaking.  This kind of helping is hurting,” he says.  ”Then we talk about what kind of help would really help.”  (Hint: That kind generally doesn’t involve cash.)

7. Cyber Insecurity

Roughly half the world has signed on for free online banking, which makes money management easier and saves the typical consumer about $50 annually in postage stamps.  Among the people who don’t use online banking, 41 percent say they’ve held back because of security concerns, according to a recent survey by Gartner Research.

What do banks typically do to secure online customer accounts?  They put up multiple firewalls, which are the equivalent of brick enclosures around your house, and they have techno-security teams attempting to find the weak spots and shore them up.  They also patrol the firewalls 24/7, looking for climbers.

Now, let’s look at your mailbox.  It’s probably unlocked and unguarded — just what a thief needs to steal your credit cards.  In reality, the chance of becoming a victim of identity theft or financial fraud as the result of low-tech crime — whether it’s somebody stealing cards or “spoofing” you into providing private information via e-mail — is a lot greater than the chance that somebody will breach your bank’s online vault.

So sign up already and save the stamps.  And if you’re worried about security, check your account regularly to make sure there’s no suspicious activity.

8. Hoarding Money

Children of the Depression did a lot of this — stuffing $20 bills in their bibles or balling up tinfoil and rubber bands so they wouldn’t have to buy more.  But planners say that this is often a problem with wealthy and responsible older folks today: They’re so afraid of running out of money that they don’t enjoy the money that they have.

“When people deny themselves things that they could clearly afford, you have to ask them what they’re saving that money for,” Tarbox says.  ”We have to tell them that they’re not spending enough.”

If you’re worried about running out of money, sit down with a financial planner and work out the math.  Make sure you consider worst-case investment scenarios, not just the averages.  That will make you more comfortable about weathering a bad patch like the one we just muddled through.  Then, if you still have more than enough, make a plan that will allow you to enjoy your wealth by either spending the excess or giving it away.

Money, after all, is a means to an end — not the end itself.  You save it to make you, and the people you love, calm and comfortable.  And it’s a lot more fun to take the kids and grandkids on vacation — or provide them with college money or other gifts while you’re around to get the hugs and kisses — than to know that they’ll inherit a fortune after you die.

By: Kathy Kristof, www.cbsmoneywatch.com