Buyers are clueless, and I’ll prove it in a minute.
First, let me explain why this conversation matters to you as a new or seasoned real estate blogger.
Does this scenario sound familiar?
Wife:
“It’s 2am, why are you still messing around on that computer?”
Me:
“I’m blogging for dollars, baby.”
Wife:
“That’s what you said last month.”
If you have chosen blogging as your primary business building model, get use to having that conversation for a year or more.
I made the decision to move my real estate and mortgage marketing activities online full-time in late 2006, and haven’t heard the end of it since… both good and bad.
It’s taken me several years to figure out how to make all of the moving pieces work in a manner that can pay the bills. Equally as challenging, was explaining to friends and family my motivation for the path I’ve chosen.
Many passionate bloggers cringe when they hear the terms “business building” or “lead generation” associated with the selfless act of pouring your heart into a blog post that should be meant to enrich the lives of others.
Unfortunately, financially motivated “Social Media and Relationship Marketing” tones have perverted the way outsiders view our true intentions.
I realize that I’m guilty for perpetuating this common belief that the web was invented so that real estate agents can make money online. Look at any of my past presentations or webinars, and you’ll find “build your business” somewhere in the title or description.
Even though it hasn’t felt right at my core, it’s a simple theme that most non-web related industry professionals can relate to.
It’s just been easier to fall into the trap of justifying my online efforts with an ROI, especially when the non-believers are so eager to offer their unsolicited opinions about how to be successful in business.
Keyword here is Non-Believers.
My friend Rene Rodriguez has been harping on me for years to explain why I care so much about the web.
“Yeah, but why,” he would press. “Why should that matter to me as a consumer, mortgage originator or anyone else that you’re speaking to?”
I’d go into my story about how a couple of top ranking web sites helped us make it through the hard times when the market crashed in 2007, and how with new twins it makes it easier to work on my schedule…. and on and on, without ever being able to give Rene an answer that would make him become a believer.
“Neat, so you’ve found success with an Internet marketing strategy. Why go out of your way to teach other real estate people for free? Doesn’t this create a conflict of interest?”
The problem Rene had with my explanation for my love of the web is that it didn’t inspire him.
He wasn’t able to connect on a personal or emotional level that would allow him to really believe that I cared about something greater than just writing articles pertaining to homeownership education.
I mean, there are plenty of proven ways to make money as a real estate professional that don’t involve the pains we go through as bloggers.
The Turning Point.
As soon as Rene introduced me to Simon Sinek’s perspective on inspiring others, it all made sense.
Being able to articulate my purpose is empowering, and gives me a sense of freedom to do what I love.
I stay up until 2am blogging, I teach others about the web, I obsess over details, links, SEO, page structure, sales cycles, building trust online, and site design because my mission is clear.
The Mission To Help Clueless Buyers
It’s actually a selfish motivation, because I’m a clueless buyer.
I’m either arrogant and know it all, lazy and uninterested in hearing the facts, or simply clueless on where to start my information gathering process.
But, if I do care about a decision I have to make, something so important that my family literally depends on me knowing what the right answer is, my attitude changes:
I let my guard down and ask experts humbling questions that clearly show I am not in a comfortable state of control.
I research all of the facts, read every blog post or review I can find and may even ask some friends for referrals.
Regretfully though, all of the charts, reviews and testimonials generally still aren’t enough to help me make an educated decision on a topic that I’m not an expert about.
If anything, the information overload has left me helpless and hopeless on my own.
Have you ever felt this way about an important decision you had to make?
My wife and went through a challenging time in 2005 with this exact scenario.
We actually faced a similar decision a few years later, but without the heart wrenching feeling that overwhelmed us the first time.
If you have ever sat at the desk of an infertility doctor trying to decide on whether or not your potential family is worth the gamble of your last $30,000, then you know exactly what I’m talking about.
“But we read on the Internet that some doctors only charge $5,000 for the same results?”
“True,” Dr. D. compassionately stated, “But your unique scenario requires a different treatment than the specific examples you’re reading about.”
“What are the odds of… if we tried this…. and came back in a year if…?”
See, my wife and I already knew everything we could possibly know from the months and months of research we did. Scratch that, my wife was a pro.
We didn’t need to make an Educated or Informed decision on our own, we wanted to make a Confident decision with the help of an expert we trusted.
We started out clueless about the process, and ended up clueless about which option to choose.
Clueless, but not Hopeless.
It took a true expert earning our trust by patiently and meticulously breaking down a complex process in a manner that we could understand so that we could make a confident decision based on the facts we knew and didn’t know.
Do you know what it’s like to feel confident, empowered, thankful, loyal, humbled…?
(Don’t CLICK HERE for family video, unless you like to cry)
What’s My Why?
I am driven to empower people by giving them the tools and education they need in order make confident decisions.
I do this through blogging and explaining complex processes in a manner that people can understand and trust.
I happen to be a Las Vegas real estate professional.
What’s Your Why?
Salespeople revert to calling buyers liars when they lose focus and allow the buyer’s evolving wants and needs to control the direction of a conversation.
It starts and ends with trust.
Buying a home or qualifying for a mortgage can cause people to feel hopeless and helpless if they are out there on their own doing research.
Whether it’s an involved mortgage program like the FHA 203k Loan, or reaching out to an underwater homeowner with Short Sale advice, I obsess over the details so that people will have all of the information they need to make a confident decision with the help of an expert.
How does your blog or web presence build trust and confidence?
Brian Brady says:
“Many passionate bloggers cringe when they hear the terms “business building” or “lead generation” associated with the selfless act of pouring your heart into a blog post that should be meant to enrich the lives of others.”
I think that’s because they aren’t true capitalists. A capitalist knows that you have to deliver more value, in the consumers’ eyes, in order to be compensated
Business is about serving others….and…getting compensated for it. The internet is a powerful medium because it allows professionals to to deliver useful information, and build trust with consumers…FOREVER (or as long as the information and advice is relevant)
December 11, 2011 — 6:09 pm
Ken Brand says:
You’re the real deal Mark. Thanks for sharing.
December 11, 2011 — 6:35 pm
Mark Madsen says:
Brian – true, if you’re referring to business bloggers.
But, I know of plenty of real estate professionals who write for the simple sake of sharing, expressing or educating. I love it, and some of them were my main inspiration for moving my business online.
If they truly cared about realizing an ROI for their online efforts, then they’d have well optimized sites designed better for lead capture and conversion. Or, at least they’d pay attention to the basics of SEO so that their content could have a larger reach.
If people have a site/blog for purpose of increasing business (I have several), then it is especially important to understand and clearly define the driving motivation behind their publishing activities.
It makes coming up with a game plan much easier at that point.
Goes back to what we all discussed at BHB Unchained – analyze, measure, tweak, fix…
It’s much better to say “I blog for dollars” – if that’s the truth. It is for me, most of the time.
I have nothing against web marketing, and I’ll continue to work on making my presentations better and more relevant for my audience. I love this stuff for all of the same reasons that made me choose the web vs something else.
The difference will be in how I tell my story and connect with my clients, audience or readers. It might be subtle, who knows.
I’ve been on a mission lately to figure out what elements of web marketing build trust.
Design, content, social proof…
I’m busy, and socially awkward at time. So, removing the “Know” and “Like” from the sales process, and only focusing on “Trust” fascinates me.
But, who are people trusting, and why, is a topic I’ve just recently started to explore.
Speaking of capitalism – here is the final video that inspired me to start exploring why I do things:
http://youtu.be/dR-ZT8mhfJ4
December 11, 2011 — 6:54 pm
Jonathan says:
Nice job Mark!
I think we all get the “is that computer more important than me” question from our significant others 😉
December 11, 2011 — 6:55 pm
Mike Mullin says:
Mark, thanks for that link to Simon Sinek’s presentation. The entire 18 minutes is pretty solid, but the critical listening point is at about 4 minutes and 45 seconds – “people don’t buy what you do, they buy why you do it.”
I try to pull out all the “why use me” type verbiage from my blog and web posts and keep the text focused on the consumer’s benefit. Whether it’s an article about new guidelines for FHA or the increase in USDA Funding Fees, there’s an unlimited amount of information we can provide to help consumer’s make an informed decision in the home buying or home financing process.
As you referenced above, there’s a lot of information about the process available to consumers but there’s not much deep insight provided as to how different options can have dramatic impacts to the process. Just take a look at all the borrowers who had absolutely no idea what their payment was going to look like at the end of 5 years of an interest only 5/1 ARM. Sure, they may have understood the payment was subject to an increase, but did they do the math?
The blog or website allows us to broadcast our authority and credibility way beyond our sphere of influence.
December 11, 2011 — 7:01 pm
Brian Brady says:
“if you’re referring to business bloggers.”
Is there any other kind in the real estate/mortgage business?
“The difference will be in how I tell my story and connect with my clients, audience or readers. It might be subtle, who knows.”
Gosh…that’s a profitable endeavor too, for two reasons:
(1) it hones your skills and lets you interact with others
(2) it’s an “action”. There is nothing better, than to have a customer see, that you are an expert in online marketing.
I’ve heard agents tell me that they don’t what their customers to see that they are “teaching others how to ‘trick’ them, by online marketing”. That’s silly. I want to hire an EXPERT agent (or originator). If his/her peers deem him/her to be one, that creates social proof.
Please don’t misinterpret my initial statement; you’re a capitalist, Mark. You know that if you don’t deliver value consistently, you won’t get paid. I’d argue that your passion to deliver that value is because you’re passionate about your mission; to help buyers. I just get irritated when agents & originators say “I don’t blog for money”, then brag about a customer found then because they don’t blog for money. We all blog for money and, if we’re delivering more value than what the customer pays, there is nothing wrong or immoral in our motivation.
December 11, 2011 — 7:15 pm
Mark Madsen says:
Thanks Ken, Mike, JB –
Brian –
“I just get irritated when agents & originators say “I don’t blog for money”, then brag about a customer found then because they don’t blog for money.”
Yes – exactly one of the points I was trying to make. Could have just said it your way instead.
And, of course I’m a capitalist. I have 3 daughters. I don’t have the luxury of spending my non-family time doing anything that doesn’t have a financial motivation.
Did you see the link I embedded to my new 203k project? 🙂
December 11, 2011 — 7:22 pm
Brian Brady says:
I did see the site and it looks great. I think it might take you as much as 21 days to dominate that long-tail. The 203-k loan is a textbook example of how web marketing can work best. Encourage the users to do video, too (before and after)
December 11, 2011 — 7:48 pm
Marsha Braithwaite says:
Great article. Many of the words resonated with me. I too, hold teaching and educating close to my heart and look forward to reading more future articles. Thanks.
December 12, 2011 — 7:34 am
Marg Scheben-Edey says:
“I am driven to empower people by giving them the tools and education they need in order make confident decisions.”
That statement really resonated with me. In the end of the day, the value we bring to the table is knowledge, insight, analysis and guidance so why not share what we know with the consumer? Great post. Thanks.
December 12, 2011 — 10:33 am
Mike Harrison says:
Mark, I have been on the other side of your education and friendship. I don’t think you have any idea how much you have helped myself and I assume many others. Your humility is amazing. You are amazing! Thanks for another inspiring article. Now I have to go find my “why”.
December 12, 2011 — 10:45 am
Martin Tailor says:
Mark, thx for sharing! Your introduction really made laugh so hard…
December 15, 2011 — 9:48 am
Bethany says:
Thank you for a truly honest and open post Mark, this was wonderful! 🙂
December 16, 2011 — 8:43 am
David Abraham says:
Thanks Mark, nice useful article.
December 20, 2011 — 1:39 pm
Eden Loftus says:
“I am driven to empower people by giving them the tools and education they need in order make confident decisions.
I do this through blogging and explaining complex processes in a manner that people can understand and trust.”
This blogging principle of yours should be followed by the entire blogging community..More than generating leads from potential buyers, bloggers should aim to help the readers make smart decisions and that can be possible by writing about what they need to know in a manner that they will not get bored reading and understanding it.
December 21, 2011 — 3:46 am
Liam Hart says:
Thank you for this inspiring article. Yeah, as a real estate blogger, we should aim to educate our readers, who mostly are home buyers. And we should not just share with them the simplest and easy to understand things, instead, why don’t we try providing them the sometimes complicated concepts of real estate in a language they can understand well.
January 15, 2012 — 9:12 pm