Preliminary Marketing Report – It’s about results!

Posted by mhurston on June 03, 2009
Creative Corner

The following is my preliminary marketing report for the first half of the year. Over the next few weeks I will be interviewing brokers and their marketing specialists to use in the full report coming out later this summer.

Marketing Overview

This year our marketing goal was to completely overhaul the way we do advertising and marketing for our office. We needed a new approach on a reduced budget that would still get us results with lead generation and staying in the public eye.

In the past we had done many overpriced one off campaigns and for the most part ignored any type of promotion of our website, regardless of its updated features. Therefore, this year we decided to focus on multiple phase marketing strategy which included extended length web advertisements to promote our featured property websites, SEO (Search Engine Optimization), a consistent branding campaign to show the people behind Colliers and a recruitment campaign to bring in more brokers to our office. We also created guides for the creation and use of listings on Craigslist and Social Media sites, simply put this year we pulled out all the stops.

While our PR firm MassMedia handled much of the price negotiations and the actual buys, the campaign placement, concepts, designs and photos were all done in-house (with exception to the Las Vegas Strip Aerial and Corporate Stock Art).

 

Ad Campaigns

In October of 2008 the planning began for a new ad campaign for 2009. We looked at a few of the ads we had done that conveyed messages or ideas we wanted to promote and incorporated these ideals into our campaigns, but with a unique and fresh look.

While the Las Vegas office has always had a strong relationship with many of the local publications, including In Business, Nevada Business Journal, Review Journal, Red Report, Western Regional and the Business Press.

Due to significant budget restraints this year we decided to pick Greenspun Media as our main outlet for print advertising. Greenspun Media Group is currently the owner and distributor of most publications within Southern Nevada. They currently produce In Business, Las Vegas Weekly, Las Vegas Home & Design, Las Vegas Magazine (LVM), and many others.

In addition to their print publications they also own and operate many of the local business news websites and niche media outlets in Southern Nevada including RecruitingNevada.com, 702.TV, LasVegasSun.com and more.

While Greenspun Media was where we placed the bulk of our budget, we still included placements in other print publications such as the North Las Vegas, Las Vegas and Henderson Chamber of Commerce publications. For our online ads we chose the Las Vegas Sun website and PropertyLine.

During the year, as always, brokers and their clients were free to pay out of pocket for any specific publication ads. Those included, the Wall Street Journal, the New York Times, Nevada Business Journal among others.

The primary message we wanted to get across in our branding campaign was that we were not simply a business offering services, but rather people servicing our clients. The concept of the ads was to show the “faces behind the divisions”. The distribution for this was In Business Magazine, one of the most popular business magazines in Southern Nevada. We had six Island Ads, with an ad popping up every other month. A couple times throughout the year we managed to be upgraded to a full-page ad at no additional cost.

We chose the North Las Vegas, Las Vegas and Henderson Chamber of Commerce publications to target a very set demographic. We tailored each of the ads to their specific areas, Speedway & Aliante (North), Downtown and Strip (Vegas) and Green Valley Ranch & Horizon Ridge (Henderson)

The Las Vegas Sun was the news site we chose to advertise our website on. All ad banners were created in either flash or animated gif formats and also appeared in the e-newsletters (e-bizclick) sent out monthly. The links directed viewers to our featured property page.

For our recruitment campaign we were able to negotiate for 3 consecutive pages of ad space. This allowed us to place consecutive ads showing growth and work as a teaser within the publication. We again chose In Business to place our ads in. The online version of the ad linked to our recruitment page and was included in the PropertyLine e-newsletters.

 

SEO Strategy, Social Media & Craigslist

While we received an immediate increase in direct traffic to our featured property sites due to our online ads, we still needed to increase the overall organic (search engine) traffic to our website. We did this by incorporating a three-step process. We began by reviewing and writing into our featured property sites appropriate and individualized Meta Tags; the key words and descriptions that some search engines use to index websites. The next step involved the massive re-submission of our sites and main Colliers sites to multiple search engines. We used available free services from Addme.com and Submititexpress.com. The final steps involved created a web presence among sites that already had high organic rankings and could direct visitors to our Colliers site. This was done by the creation of a CPI Wikipedia page and Aboutus.org page. After one month we began to see a slight increase in organic traffic.

Our next online endeavor was to educate those within our office who were members of social sites on how to include their listings on their social pages, such as Twitter, Facebook and LinkedIn. This had two immediate affects, the first was that the brokers now had another reason to give to potential clients on why they should list them based on the amount of exposure their property would receive, as well as this resulted in increasing our organic traffic. Similar results occurred with the implementation of Criagslist postings as well.

 

Public Relations & Exposure

In the past we had lost some of our offices connections with the local media, so this year we made it a point to correct this. We began with the internal promotion of all public transactions to generate buzz within the office and get our brokers and staff thinking about our media exposure. A calendar of events was created, one internally for CRE events and one by MassMedia that included many local events that would be worthwhile for our brokers and staff to attend. We next worked with MassMedia on consistently generating stories within local publications and sharing them with others within the office. To coincide with this we had MassMedia create a bi-monthly e-newsletter for our office sent out to over 12,000 people. An official media policy was developed for our office, as well as a reporter source book of contacts within our office the media could rely upon for accurate and timely information.

We also included more focus to our research this year, with Matt and Campbell organizing an industry round table for the quarter ends as well as a magazine style all inclusive report known as the VQR (Vegas Quarterly Report), later renamed to LVQ (Las Vegas Quarterly). Being the first CRE brokerage in Southern Nevada to release their market report each quarter allowed us to play up our media publicity each quarter.

 

All Eyes on Us

Among the Graphics departments within our partnership we typically all share “best practices” among each other. While many of the other offices in the past have used a few of our ideas, this was the first year that the majority of these marketing strategies created in our office were pushed out among the other offices. The Event Calendar, our Craigslist guide, our Viral Marketing guide, our SEO strategies, our Reporter Source Book, and our Recruitment Page are all being considered for implementation at many of the other offices based on the work done within our Las Vegas office.

– Michael G. Hurston

Tags: , , , , , , , , , , , ,

1 Comment to Preliminary Marketing Report – It’s about results!

Leave a Reply

Your email address will not be published. Required fields are marked *