A lot of times when you prejudge people or their current situations, you just look at the outside. You can lose a deal quickly by judging what you see.
– Beau Hollis
The “56k Profit Moldy House” Deal | Behind the Deal
Welcome to another episode of behind the deal. This is where we take you inside of an actual deal, covering all of the details from start to finish.
In this Livestream, we were back with Beau Hollis to learn about the marketing, follow-up, and specifics that went into this particular deal.
In this episode, Beau walks us through the world’s moldiest house. You’ll see exactly how he found this deal and how he walked away with a $56k profit.
Be sure to join us every other Thursday when we go behind the deal live on Facebook and Youtube.
Read the Full Show Notes Below…
Beau has been a friend here at Carrot for a long time. He recently walked us through a deal in which he bought a car right along with a house.
This deal was quite a bit different. Most investors would run from a moldy house, but by offering the solution to a difficult situation made this a great deal for everyone involved.
Here’s how it went down…
The Lead
The lead came through a Carrot PPC ad at around 6 in the morning. It was a divorce situation in which each spouse had moved on and was living separately.
There was a teenage son living in the home, but Beau was assured he’d be able to find other accommodations if the deal went through.
The Follow Up
Almost immediately, Beau was on the phone with the owner and setting an appointment to see the home. She wasn’t local, but Beau was still able to arrange to see the house at 1 pm that same day.
One of the reasons Beau is able to close 20-30 deals a month is because of his prompt follow-up.
What Made This Deal Unique
Aside from the basement being filled with mold, Beau had to negotiate this deal over the phone. As someone accustomed to belly-to-belly sales, not seeing the person face to face made things feel more challenging.
Luckily, when dealing with inbound leads, the motivation is typically much higher than with outbound leads. In fact, by 1 o’clock that same day, Beau had this house under contract.
The Numbers
Beau bought the home for $125k and was able to sell it for $182k. The house was worth about $240k so after the end buyer remedied the mold situation, they were still able to flip it for a $30k profit.
This is another shining example of how a property investor can remedy a problem, helping everyone to come out ahead.
Tips That Actually Work: Campaign Tracking Links
Because of campaign tracking links, Beau was able to see exactly where his lead came from, Google Ads.
What are campaign tracking links?
Campaign tracking links allow you to see exactly how many people click on the links you put out on the internet?
For example, you can see how many people click the links in your email signature. Or, in Beau’s case, his Google Ads account.
Carrot’s platform allows you to create a unique link for any piece of content on your site.
Whenever this link is clicked it records the data in your account (if someone turned into a lead or not).
This feature can increase your ROI by 10x if you know what is working and where you should be spending your budget.
We recently surveyed our Carrot members about their lead-to-deal conversion rate — that is, what percentage of leads become deals. We also asked them about the source of these leads (Carrot leads or Non-Carrot) to determine which efforts provide the most high-quality leads and thus the most deals.
Demo Carrot: How many deals are you losing to your competitor’s website?
The results were exciting. They indicated that Carrot leads convert 7 times better and are 2.5 times more profitable than non-Carrot leads.
This is something we’ve known anecdotally for a long time — from all of the reviews we’ve received from our members. For example…
“Carrot literally changed my life. Trevor and his crew are the best people on the planet. Get plugged into their system and culture, and you will start generating leads!” – Brian Rockwell
“I have generated just over 200 leads in a little over 4 months using my Carrot site. I couldn’t be more thankful for the services they have provided. Thank you Carrot!” – Hank Tobler
“Closed 3 deals exclusively from SEO leads / Carrot conversions. No PPC. No attribution to any Facebook ads. Just Google search results and credibility.” – Daniel DiGiacomo
… but still, it’s refreshing to see the actual data.
Let’s take a look!
Not a Carrot member? Take a free demo…
The Survey Data & What it Means
To be clear, non-Carrot leads refer to any leads that didn’t come through an investor’s Carrot website. Maybe they called, texted, or emailed instead.
Carrot leads, naturally, refer to any leads that came through the investor’s website. They visited and opted into a CTA that looks something like this…
So, what exactly were the results?
Well, we asked Carrot members for their lead-to-deal conversion rate and their average value per deal for both Carrot and non-Carrot leads.
We then used those numbers to calculate the survey respondents’ average value per lead.
Here are the Carrot vs. Non-Carrot results:
Amazing, right?
Carrot leads had an 8.2% lead-to-deal conversion rate, while non-Carrot leads had a 1.11% conversion rate.
Even more surprisingly, Carrot leads that became deals had an average value of $23,089.26, and non-Carrot leads that became deals had an average value of $9,159.11.
That makes the average value per Carrot lead $1,893.40. That is enough to pay for an entire year of our top subscription plan, by the way! And, the average value per non-Carrot lead is $102.07.
Something is going on here, and let’s talk about that.
But before we do, understand that we’re not saying you shouldn’t generate leads one way, but you should generate them another.
Every real estate investor has to find what works for their business and their market, which usually is a mishmash of various marketing tactics.
Here, we’re just looking at some high-level trends that might be helpful for investors to consider.
Why are Carrot leads so much better than Non-Carrot leads?
There are essentially two questions we have to answer.
Why do Carrot leads become deals much more frequently than non-Carrot leads?
Why do Carrot deals have much bigger profit margins than non-Carrot deals?
And the first thing we need to examine is where these leads are coming from. After all, the source determines the quality.
Non-Carrot leads is a broad term that includes a lot of different sources: cold calls, inbound calls from direct mail campaigns and door knocking, flyers, business cards, bandit signs, and so forth.
You might not notice it at first, but all of those sources have a similarity: they all represent outbound marketing efforts.
That is, you go out and try to find people who might be interested in selling their home. You offer them a fair cash offer and a quick turnaround time. You do this by sending them mail, knocking on their door, or calling their phone.
Of the people who contact you via outbound marketing methods, it’s safe to assume that many of them are just curious. They’re not motivated to sell by any particular circumstances in their life, but your offer caught their attention, and so they call you to find out more.
That’s how most non-Carrot leads are generated.
Now let’s look at Carrot leads.
We’ve built Carrot websites with wicked-fast load speeds, mobile friendliness, and a clean tech stack.
Carrot sites rank for high-value phrases in Google more than any other site builder in the industry (terms like “sell my house fast in ” or “sell my house for cash in .”
Third-party data from Fresh Chalk pointed this out. Here are page speed scores for different website builders (a huge factor for Google rankings).
The same is true for Carrot’s mobile performance (which is now a huge part of internet traffic).
This graphic represents the recent updates that Carrot developers have made to our member sites to get ahead of the latest Google Core Web Vitals update. Learn more about what this graphic means and the changes that we made here.
But that’s only one of the many reasons that Carrot sites sit at the top of the rankings.
The secret to quality lead mastery
Our members also create Evergreen content for their blogs every single month, content that’s optimized to rank in Google.
We also give our members the ability to:
Track their rankings right inside of their account.
Ensure that every page and post is optimized to rank (via a simple checklist).
Create long-form evergreen content by transcribing video content with the click of a button (VideoPost).
This is the difference between hamster wheel marketing…
“If you’re creating a piece of content and you just put it up on Facebook or Instagram, it’s going to be there for 24 to 48, maybe 72 hours before it gets pushed down, forcing you to get back on the hamster wheel and post again, and post again and post again, because the life span of that content is so short.
The lifespan of that content is so short that you have to be on the hamster wheel continually.
If you get off of the hamster wheel, if you stop doing those postings, if you stop doing direct mail, if you stop cold calling or doing RBMs, then your leads will eventually dwindle to a stop, and you’ve got to restart and get back on the hamster wheel.”
“Get into a routine of creating content. Another piece of content this week, another piece of content next week, a blog post next week, a video post, a video post, a location page, and eventually, you’re going to have a brick wall that does all of the work for you.
Remember, it’s going to be slow going in the first three, four, five, six months potentially.
But as long as you’re consistently stacking bricks of quality content that answers real questions from your market, you’re entertaining in your own way; you’re going to start to pick up that momentum.”
At Carrot, we focus on evergreen marketing — consistent action that produces long-term results.
Now, why all of this information about Google rankings, page speed, and tech stack?
Well, because of the way Carrot sites are built, they typically generate a good chunk of leads via evergreen marketing through search engines like Google — this means that motivated sellers find you rather than you trying to find motivated sellers.
That’s called inbound marketing.
And it almost always results in higher quality leads than outbound marketing.
So that answers our first question.
Why do Carrot leads become deals much more frequently than non-Carrot leads?
There’s a high likelihood it’s because many of them are likely coming through search engines.
When you think about it, it’s not all that surprising that outbound marketing leads tend to be lower quality than inbound marketing leads. It’s the difference between you looking for motivated sellers and motivated sellers looking for you.
We get feedback about this difference all the time from our members…
“I consistently get organic leads from my Carrot website. I have purchased my best deals to date through my websites. I highly recommend you implement training and tools available through the platform.” – Beau Eckstein
“I’m getting 2x more motivated seller leads with my custom Carrot site than my old site, and the tools and content help me stand out in my crowded market.” – Tyler Ford
“I am saving between $20,000 and $50,000 every single month in lost lead-gen closing potential after switching from my expensive custom-made site to my Carrot site.” – Carter Steph
And it’s not just hearsay. When we take a peek at the source of traffic and leads for our members, we can see a good chunk coming from the organic content that Carrot helps to provide. So far, in 2021, organic traffic accounts for 25.8% of our member leads.
But what about the second question: why do Carrot deals have more significant profit margins than non-Carrot leads?
Part of the answer is likely the same as the first — since Carrot sites drive organic leads through search engines, investors don’t have to directly pay for those leads like they would have to with a direct mail campaign.
This makes a big difference in per-deal profitability. But that’s not the entire story.
Again, we have to look at where these deals come from.
If someone receives your mailer and it makes them think about selling a property that they’ve owned for a while, and so they call you, they’re probably not going to be as willing or motivated to accept a lower offer.
But if someone is actively looking for someone like you who can buy their home as-is for cash, they’re probably more motivated and thus more willing to accept a lower offer, which results in higher profit margins.
And so that answers our second question…
Why do Carrot deals have much bigger profit margins than non-Carrot deals?
It’s because inbound marketing efforts are less expensive and generate leads that are more motivated to accept lower offers.
Final Thoughts
If there’s a lesson to be learned from all this, it’s about the value of inbound marketing.
When you create an online presence that allows motivated sellers to find you, you can expect to generate much higher quality leads for less money and increase your per-deal profitability.
That’s not to say that you should stop sending direct mail, cold calling, door knocking or driving for dollars. We are huge advocates of those strategies, and they support many Carrot member businesses!
While you’re working on SEO and content, you can also run PPC ads and send direct mail to generate leads more immediately for your business.
That’s the balanced approach that has worked for thousands and thousands of real estate investors, and there’s no reason that it won’t work for you, too.
Click below if you’re ready to take the next step.
See the Platform That Turns Curious Searchers Into Customers
Carrot generated leads convert 7x higher than other lead sources and bring in 2.5x more profit per deal. Built on best-in-class speed and performance, it’s purpose-built for motivated seller search.
See exactly how Carrot works to generate a consistent pipeline of motivated seller leads.
Free. 10 Minutes. Video Walkthrough.
30% – 50% of top Google rankings
for top seller keywords.
7x higher conversion
data from thousands of Carrot websites.
98+ desktop, 90+ mobile speeds
60% faster than custom WordPress.
Most Investor Websites Look Fine. Fine Doesn’t Close Deals.
Here’s the problem most investors never see: their website gets them online, but it doesn’t get them found. And if it does get found, it doesn’t convert. The visitors come and go, the seller calls someone else, and the deal dies before it ever started.
That’s not a traffic problem. It’s a platform problem.
Carrot was built from the ground up for one thing: motivated seller lead generation. Every design decision, every SEO structure, every conversion element was engineered around what actually turns a motivated seller search into an inbound lead ready to talk.
That’s why 30–50% of top Google rankings for motivated seller keywords are Carrot sites. Not because we got lucky. Because we’ve spent 10+ years obsessing over the one metric that actually matters: deals closed from your website.
Most platforms build websites. Carrot builds deal machines.
Start with a strong marketing strategy, without being a marketing expert
Your website should be more than just “an online business card.” Good websites attract traffic, generate leads, and help you close deals. That takes more than just random words and a phone number.
Carrot’s new AI website builder doesn’t just generate a website, it gives you a full marketing strategy that guides your SEO, content, and the best way to target specific locations. These strategies are crafted based on your business, target markets, and goals. Even better … we don’t just recommend strategies, we implement them directly into your site for you.
When you search for a service provider online, do you search for someone in the nearest big city? Or do you enter your search term followed by your town name? Targeting people with their specific location name is critical to high-quality lead generation.
You could manually build a page for every city, town, and neighborhood you do business in. Or you could let Carrot’s Auto Location Pages handle it for you. These take all the details about your business and services and SEO optimize it for a specific location.
SEO isn’t static. You need to pay attention to trends and search algorithm changes, then adjust accordingly. There are plenty of tools that help you do this … and we’ve built a few of them into your Carrot website dashboard.
You should, or you’re wasting money. Paying for any marketing without knowing exactly how well it works is like throwing money into a black hole. Carrot’s campaign tracking helps you measure exactly where your best online and phone leads found you.
Here’s what investors, agents, and agencies are doing with Carrot.
“Carrot sites are great because you can literally have a full-fledged website up and running within 10 minutes. Like no joke… The best thing about Carrot websites is they take the headache out of the equation. You don’t have to figure out web hosting, installing WordPress, building forms, picking a theme, writing initial content, initial designs, and so much more. It just works.”
Jason Moss
Digital Marketing Agency for Real Estate Investors
Products: CarrotWeb
“We had our biggest month ever, Google PPC to a Carrot site. We did $140k in assignment fees at a 5:1 ROI. I have the control I need with my website, without the issues I had with my old custom site. For the first time in a long time, business, family, and faith feel all aligned.”
“We received the most leads in a month ever this month. We also had our biggest month of sales this month. As you can see, most come from my Carrot website/SEO. My old site never produced like this. What I have found is consistent blogging has helped my rankings. I do 8 a month, mainly because I have 3 topics I hit every month (kitchens, bathrooms, roofs).”
Don’t take our word for it… Here’s what Carrot has done for investors across the country.
From $0 to $100K/mo in 12 Months
I never got anything from my old custom websites… You go where people are getting results. I saw people in competitive markets using Carrot, so I knew it was the platform I needed.
Carrot has been a game-changer for our business. Within the first three months, we saw a 200% increase in leads and a significant improvement in our search engine rankings. The platform is incredibly easy to use, and the support team is always there to help. We’ve been able to focus more on closing deals rather than worrying about our online presence. Carrot truly understands the needs of real estate investors.
I was already running a WordPress site for my real estate business, but it wasn’t designed for investors. When I found Carrot, I knew it was built specifically for what I needed.
You’ll agree that sifting through endless real estate agent marketing ideas is challenging. It’s tough to determine which tactics will generate the highest volume of quality leads while keeping your sanity.
When people think of buying or selling a home, you want them to think of your name. You want them to give you a call. And you want them to work with YOU.
Of course, that’s easier said than done.
Many other real estate agents in the area are fighting for the same attention.
Fortunately, you don’t have to win all the attention to dominate your market – just most of it.
And the best part is…
You don’t even have to leave your computer to get started.
30 Real Estate Agent Marketing Ideas to Win More Deals
I will show 30 real estate agent marketing ideas for dominating your online market in this article.
Instagram is an incredible place to share your listings and get noticed! For real estate agents, Instagram provides a whole new world of opportunity.
With over one billion monthly active users on the platform, there’s no better time than now for you to join in with all these people looking at beautiful pictures daily.
Whether showcasing properties or providing helpful content like tips for staging homes, something here is suited ideally for you!
Most real estate agents become a part of the online “clutter” in their markets when they toss up a website that gets lost in the shuffle. Building a focused and optimized website will help you cut through that clutter with content marketing and adding your industry expertise.
A website will attract more of your favorite clients by using it as an Evergreen Marketing tool.
You can reduce or eliminate relying on cold calling, direct mail, Zillow, and the marketing that’s burning you out when done right.
Service as an educational tool. Add community resources, FAQ, and contact information. Educating buyers or sellers and explaining how real estate agents provide their services can build trust and rapport and earn more business.
Facebook’s LIVE video feature is useful for more than recording your kid’s birthday party. You can also use it to do a LIVE walkthrough of house listings you’re trying to get attention for.
After all, one of the most time-consuming parts of your day is house showings, so why not show a house to your entire Facebook audience with a single LIVE video?
Plus, 70% of homeowners want to list with a real estate agent who does some video marketing to sell their home. This might be your dead-simple, don’t-have-to-hire-a-professional way of integrating video marketing into your service.
Just create a healthy cadence and get in front of your social media audience more regularly.
The more people see your face online and hear you talk about their problems and your solutions, the more familiar your market will be with you.
Video is increasingly important in content marketing for social media. More people are choosing to consume information through video.
Here are some ideas for Facebook live videos to work into your real estate marketing:
Host virtual open houses.
Discuss your community market with a local specialist.
Livestream auctions.
Interview customers for success stories.
Interview a partner or someone you work with… such as an interior decorator.
According to the National Association of Realtors, social media has become a significant way to acquire clients and close deals. Here’s a snapshot of their report:
77% of realtors actively use social media for real estate in some capacity.
47% of real estate businesses say social media results in the highest quality leads vs. other sources.
99% of millennials and 90% of baby boomers begin their online home search. As opposed to in-person referrals.
It’s powerful. Perhaps there’s no better way to generate consistent word of mouth around your brand name and service than by staying in front of your audience.
5. Partner with Other Real Estate Agents in Your Area
As the market gets increasingly competitive and the economy takes a slight downturn, collaborating with other professionals in your market might separate the winners from those who starve.
Don’t be afraid to collaborate with other real estate agents and investors in your area to make the most of the market that you find yourself in.
Sometimes, the best way to dominate your market is to team up with those already dominating it.
6. Message 100 Friends on Facebook and Tell Them What You Do
If you want to generate word of mouth, send messages to your friends on Facebook and tell them about what you do. Maybe you’re offering a new service that you can announce to people, or perhaps you want to say to people that you’re currently looking for new clients.
Either way, a Facebook message can go a long way in generating word-of-mouth for your business within your target market – especially if you personalize each message.
7. Set Your Email Signature to Explain What You Do
If you’re like me, you send at least 3-5 emails daily. Believe it or not, every one of those emails is an opportunity to gently advertise what you do and who you are.
By automatically setting your email signature to populate with business-card style information, you remind people of your company every time you send an email.
Like your email signature, your social media bios are waiting to be exploited for market domination. When someone clicks on your profile to find out more about you (and trust me, they do), you want them to quickly know who you are and what your business does.
A quick bio that describes your real estate expertise ensures you don’t miss lead-gen and word-of-mouth opportunities on your social media profiles.
You might be thinking… “why would listening to a podcast help your online marketing?”
Often, becoming the most successful real estate agent in your market is simply believing you can do it and believe you are the best.
I know it sounds cheesy, but the mindset is crazy powerful for building the business of your dreams and pulling in more leads than you can handle. And a podcast is a great way to regularly test and refine your mindset.
Here are some benefits of listening to podcasts:
Your imagination kicks in.
You learn new marketing tactics.
Your multi-tasking skills will be enhanced.
Your listening skills grow.
You can learn more about people and gain empathy as an agent.
10. Optimize Keywords on Your Website for Search Engines
The most thorough way to dominate your market is to be the first result prospects see when they type “real estate agent” or “sell my home fast” into Google.
If you’re not on the page when people do that, you have a very small chance of being a significant force in your market.
Carrot SEO Keyword Ranking Tracker
People go online to find everything, including a real estate agent to work with. You need to show up at the top of Google results. And to do that, you need to optimize your website to rank in search engines via strategic keyword placement.
If you want to increase the number of leads and deals you’re getting quickly and have some money to invest, then PPC might be a great option.
Whether you choose Facebook or Google Ads (the two most popular options), PPC can generate more leads immediately, increasing your business profitability and market authority.
Did you know that any website’s “About” page is the third most-viewed page? People don’t just want to know what you do or how you do it; they also want to know who you are.
By spending a little time on your “About” page bio – adding core values, a mission statement, and personal pictures – you’ll stand out from competitors who didn’t spend extra time on their “About” page.
Weekly (or monthly) blog posts on your website give you and your audience something to discuss. They give you something to share on your social media pages and give your audience something to discuss.
That’s good – the more interactions you have with people in your target market, the more people will view you as the real estate expert in their area.
Plus, publishing consistent blog posts can also help with your Google rankings and build trust with people who arrive on your website.
Don’t have time? Hate writing? No problem! Create a VideoPost! You could have amazing content to share in 10 minutes.
Upload a video and receive a transcription for your content. Creating content that helps you stand out from the crowd is easy.
14. Record a Case Study Video with a Past Customer
Case studies, or we like to call them, “customer success stories,” are powerful. When prospects arrive on your website, they ask themselves, “Can I trust this person to solve my problem and have my best interest in mind along the way?”
How they answer that question will greatly determine whether they decide to work with you.
The good news is that you can help them answer that question by filming and publishing case study videos of people you’ve worked with in the past and their good experiences.
15. Make Your Phone Number Easy to Find on Your Website
When someone on your website is ready to take action, the last thing they want to do is send them digging for your phone number. To avoid losing leads who want to call you on the phone, put your phone number somewhere on your website that makes it easy to find.
This alone might not dominate your entire market. But when you’re playing against big competitors, details matter.
16. Use a Low-commitment Opt-in Form on Your Website
When someone arrives on your website, you want to make it easy for them to take the first step.
At Carrot, we’ve found that a simple form like the one above with address, phone number, and email is a great starting place. It’s enough to qualify the person (having three different fields) but not so much that it’ll stop someone seriously interested in your service.
By putting a form like this on your website, you decrease the amount of lost quality leads to your website and increase your market domination – even if just slightly.
Words matter. And perhaps nowhere do words matter more than when you’re trying to convince someone who doesn’t even know you to work with you.
Often, the real estate professional who writes the best sales copy and speaks directly to their target market will win the day. Consider spending more time on your website’s sales copy to ensure every word is compelling and persuasive.
If you’re a real estate agent, posting high-quality photos on your website, Facebook page, and house listings is critical. Several studies have shown that high-quality photos can increase how quickly a home sells and what price it sells for.
It will take more than pictures to sell a house, but this is one piece of marketing that can’t be overlooked.
Many real estate agents miss the importance of taking quality pictures. This is one simple way you can beat your competition.
20. Encourage Reviews on Your Company’s Facebook Page
People trust reviews just as much as they trust recommendations from friends. Think of your own experience: before you buy a movie, eat at a restaurant, stay at a hotel, or buy a book, you read the reviews.
And how much BIGGER of a decision is buying or selling your home? Sure – people won’t decide entirely if they will work with you based on your reviews, but your reviews (or whether you have them) will play a big part during the prospect’s early decision-making process.
Facebook is a great place to collect and advertise those reviews.
One of the best ways to convince people that you’re the best person to solve their problem amidst a whole sea of competitors is by targeting them specifically. Rather than simply having a website that targets your city, create different landing pages that target different parts of that city.
There’s probably an entire pool of prospects interested in river-side houses, houses by the golf course, wooded homes, or mountains.
By niching your market down even further with market-specific landing pages, you can speak directly to those people and increase their chances of working with you.
Craigslist is a great place to find buyers and sellers. Mainly because it’s one of the first places that many people go when they start looking for a piece of real estate to buy. Plus, the ads are free to post.
Post consistently with pictures of the homes or property you’re marketing; voila, you’re battling on one more front that your competitors are probably ignoring.
A sales script for your phone calls and email follow-up doesn’t just increase efficiency; it can also increase sales. By thinking about your prospects’ pain points and what makes them tick before getting on a call, you can avoid losing a deal because you forgot to say something important until after the call.
Phone calls are still a big part of the real estate marketing strategy, and how you handle yourself on the phone (with efficiency and salesmanship) is critical to your success.
Tom Ferry shares five proven sales scripts for every real estate agent who needs to gain confidence and win more business.
24. Delegate “Busy Work” to an Executive Assistant
If you want to build a company beyond solopreneurship, you must delegate “busy work” to someone else. “Busywork” is the stuff that has to be done, but it doesn’t need to be done by you. Someone else can take it over relatively quickly and have the same impact.
To grow your business and focus on more important things, outsource the “busy work” to a VA or in-person assistant.
The one who knows their market best dominates the market.
The truth is the agents and investors who know their market the best – who they are, what they like, how they think, how they talk, and where they hang out – are the ones who will dominate their market.
Why?
Those people will most easily sell their services to the market. They understand the market’s pain and strategically position their service to serve it.
Study your market if you’re at a loss for beating your competition. Visit forums, Facebook groups, and pages, or make phone calls and ask relevant questions.
Once you know it, establish credibility and connections by posting market snippets on social media or an email newsletter campaign.
There’s no better way to inject child-like life into your marketing strategy than purchasing a remote-controlled toy.
Drones aren’t just great for having well-deserved fun; they’re great for business. 83% of people selling their homes prefer to work with an agent that uses drones. High-volume realtors use drones 3.5 times more than their low-volume counterparts. Lastly, homes with aerial images sell 68% faster than homes with basic images.
Really, that’s no surprise when you glance at the beautiful photos these flying playthings can capture.
But which drone should you buy? There are many options, and you want to get the best bang for your buck.
Truthfully, I don’t know. I’ve never bought a drone, so I hesitate to tell you which one to buy before I’ve tried it out.
But what type of drone should you use? Here is a list to get you started. Remember that that article probably has affiliate links throughout the list, so take those recommendations with a grain of salt.
Ultimately, I’d trust Amazon reviews above all else (they’re harder for people to tamper with).
27. Create a Google Profiles Account
Most of you have probably already created a Google Profiles account.
But if you haven’t, you might miss out on easy-to-capture SEO traffic. For example, these are the results that Google Profiles can generate for your website.
Perhaps the best part about these results is that they draw the eye even more than normal top-of-page Google results. It’s a great way for your business to cut to the front of the SEO competition, especially if you have more five-star reviews than anyone else.
BONUS TIP: Generating reviews for your Google Business Profiles account is another marketing strategy you might consider implementing. Contact your past customers and ask them to review you on your Google Business page.
If you don’t already have a Google Profiles account, go to the landing page and click “Manage Now” to get started.
28. Create an Infographic
More than likely, you’re not a designer.
But that doesn’t mean you can’t dip your toes in design. In fact, it can be fun to try something you’ve never done — especially when that something has as much lead-generation potential as an infographic.
Here’s an infographic describing why visual content is so powerful.
Said more simply, people love visual content. And an infographic is a more visual and easy-to-digest blog post. Here, for instance, is an infographic that some real estate agents created.
But how the heck do you develop an idea for your infographic? And how do you actually design it?
Well, it’s all easier than you think.
Once you’re done creating it, promote it on your social media channels, email list, and blog.
You might think running a webinar is just for the world’s self-proclaimed B2B coaches and gurus, but it doesn’t have to be. Running a webinar on a topic that appeals to your audience is a great way to build digital relationships and start relevant discussions about how you can help people buy or sell a home.
Accordingly, here’s a far-from-exhaustive list to get you started hosting your very first webinar.
What not to do when buying your first home
X tricks to sell your house for its highest possible value
Should you list your house with a real estate agent?
How to stage your house to sell crazy fast
Remember, though, that most people prefer to watch a webinar for only between 30 minutes and 45 minutes. So try to keep yourself to that time limit and advertise it as being that long in the first place.
In terms of technical webinar setup, this guide by SmartBlogger will show you how to do it for free (skip to the “How to Run Webinars Like a Pro (Without Spending a Dime)” part).
And before you actually do your webinar, test everything and ensure it’s all working how you want it to. There’s nothing quite as embarrassing or frustrating as technical difficulties during a webinar presentation.
Once you’ve assembled your webinar, start collecting sign-ups via Facebook ads, emails, and maybe even guest posts on other blogs.
30. Create a Zillow Profile
You can’t afford to miss out on the opportunity of Zillow. With over 245 million unique monthly users, it gives you an audience for your business that is much larger than any other solution in this space!
You need a profile because when potential clients find listings they are interested in and see that no one has listed them yet at their contact information, chances are high they’ll want to reach out with questions – which means if you’re not sharing those listings through profiles on sites like Zillow. Someone else will be getting all these new leads instead.
To dominate your market, you have to change what you’re currently doing – what you’re doing to generate leads and revenue is great for where you’re at, but it’ll never take you where you want to go.
That’s the truth about everything in life. If you want to go somewhere new, you must make some changes.
What do you think? What has been key for your real estate agent marketing? Which tools and strategies do you use? Please share your thoughts, knowledge, and questions in the comments below!
As we enter a year since the COVID-19 pandemic started, we’re still in a position where we’re not always sure what to do next.
For most of us, both our personal and business lives were impacted on a level that we’ve never experienced before.
This impact probably included your real estate marketing and advertising as businesses shifted from growth mode to survival mode.
As we’re moving out of the peak of the pandemic (let’s hope) many homeowners are still proceeding with caution.
The good news is, whether you’re starting a new account, reactivating an old one, or scaling up a current Google Ads motivated seller account, we’ve outlined exactly what you need to do to audit your account and move forward without hesitation.
What State is Your Google Ads Motivated Seller Account In Now?
Right now, you’re probably within one of these groups…
You paused everything in 2020. Now, you’re back in your account looking to start generating leads again. If this is you, then most of your work has already been done. The campaigns have been created. You just need to enable them.
Or, you may have scaled back your motivated seller campaigns and now you’re looking to rebuild into a larger account structure. This provides an advantage because you have recent data still going for you to base your moves off of.
Lastly, you might be starting out with a totally new account. This way you get to create the account with a new strategy.
COVID Google Ads Motivated Seller Account Audit
If you have or have had motivated seller campaigns, you know that it’s important to take it slow and do the right thing to your account or you’ll end up wasting budget.
Let’s take a trip through the items of your account that you should revisit so you can get back up and running properly.
1. Adjust Your Budgets
What you’re looking to spend may be different from what your budget was pre-COVID.
Take a little time to review what you spent pre-COVID, during the past year, and what your spend goals are going to be post-COVID.
How do you know what you should set your budgets to now?
First, you know your market better than anyone. If you’re coming into a hot market, then you might want to increase your budget. If you feel your market is still a little timid, then back it off a bit.
Next, you can use Google’s Budget Recommendations, or use a recommended formula based on what your monthly spend expectations are for the year and projected ROI.
Then you can break down how much you’ll have to play with for daily budgets by using Google’s calculation:
Monthly Budget divided by 30.4 which is the average number of days in the month = Overall Daily Budget
If you’re running multiple city-specific campaigns, you might need to create a shared daily budget or stick with one area as you get a back into the swing.
2. Evaluate and Set Realistic Goals
Your performance metrics might look a little different from previous years, therefore it’s valuable to evaluate where your account performance was and set realistic goals for 2021.
Focus your review on what means the most to you. For most investors, lead volume and cost per lead are the two most valuable metrics.
You can use that data to set some benchmarks to get an idea of where you should be landing in terms of future performance. Factor in market conditions and market confidence.
You could come to the conclusion that you’ll need to expect less leads at a higher cost per lead for the near future.
3. Make Sure Your Bid Strategy Aligns with Your Goals
You’ll need to ensure that your campaigns have a bidding strategy that aligns with your goals and metrics.
We’re still big on using manual bidding, but if you’re using one of Google’s automated strategies, here are some things to keep in mind.
For example, it’s not wise to use one of the conversion-based strategies such as Target CPA if you don’t have recent conversion data for Google to optimize off of.
Keep in mind that certain bidding strategies, like Target CPA, have a minimum historical data requirement in order to use them with some effectiveness.
If you’re starting out with a new account, with limited data, you should default to manual bidding or if you really want to use an automated strategy, stick with Maximize Clicks.
4. Double Check Target Locations
Where you choose to target will impact your reach as well as your spend. For example, if you were targeting all of a specific county before COVID when you had a higher budget, you might want to now scale it back to just a specific city within the county to align with a smaller monthly budget.
Overall, you can restrict your location targeting based on your 2021 goals and budgets.
5. Keyword Deep Dive – Pause or Add Keywords
Don’t be afraid to pause keywords! We’re in times where some motivated seller keywords aren’t as hot as they once were or might be in the future. If your historical data shows keywords that drove leads in the past, but have become slow now, you can always revisit them at another time.
In any market, every penny counts. No one likes to waste money but during uncertain markets, understanding your goals and how many leads are really possible, right now, will help you manage your keywords.
So, pause any underperforming keywords and keep the keywords most relevant to your updated goals. This will help keep your accounts organized as well as ensuring that you are spending your money on the keywords that have the highest confidence levels.
There could also be an opportunity to add keywords. You can use tools such as the Google Keyword Planner or as simple as Google Suggest. These two tools can be great places to check as you refresh your account so that you can keep your expectations as well as your bids working with your budget while using the top converting keywords.
6. Edit Your Ad Copy and Messaging on Your Landing Pages
Don’t forget your ad copy. In this current time, your market might present opportunities to test new ad copy. Align with your audience.
For example, if your market currently has a “virtual” feeling, test something like “100% Virtual Sale” or “We Do Not Need to See Your House in Person”.
In other words, take advantage of your market conditions and how people are thinking right now.
If you have a new site or are using a past site, use that same language on your landing page as you do in your ads.
Refreshing your ad copy and landing pages will not only bring things back up to date, but also give your audience a new look and messages that connect with them more than ever.
7. Pause Underperforming Ads, Ad Groups, or Even Campaigns
Similar to the keywords, you may want to look for opportunities to trim your account upon reactivating it. Pause any underperforming ads, ad groups, or even go as far as campaigns.
Again, markets during COVID have looked different than before.
You may experience heavy lead months followed by slow months. That’s why it’s important to use data and stay calm.
If you have a good lead month followed by a bad month, it’s not necessarily a Google Ads issue. We have found that some markets have fluctuated heavily even month-to-month.
Prioritize what aspects of your business are the absolute most important to advertise and pausing out anything that isn’t necessary.
Find what is driving up your cost-per-lead and weed through those to ultimately get to the highest performers.
8. Keep Adding Negative Keywords
Between Google’s new match type changes and the always changing searcher intent, it’s important to stay on top of your negative keywords.
Review the Google Search Terms report to see what queries you’ve shown up for and ensure you have your negative keywords added and up to date.
We’ve seen some markets shift to more “sell my house fast online” and “sell house by owner fast” queries. Even though these seem to be motivated queries, some markets are noticing clicks going up but leads are not following.
During COVID, when you see trends such as these, don’t be afraid to add a negative keyword to a good term. You can always remove it in more normal market conditions.
If you haven’t been dedicating time to your Google Ads account, then it might be a good idea to double check your conversion tracking as well.
Possibly over the course of a year, you’ve made some changes to your website that could have impacted your tracking. Or, maybe you’ve changed your phone number so you’ll need to adjust that within your Google Ads account.
Whether your account has been paused for a while or it’s currently active, you can also leverage the Auction Insights report of Google Ads to further investigate the climate of your market.
Auction Insights breaks down who else is on the search results page most often along with you.
So, if you’re wondering if new investors have emerged into your area since COVID-19 or if you’re curious to see who is outbidding you, this is the place to start.
Auction Insights not only tells you who else’s ads are alongside yours but also where on the page they rank, above “Position Above Rate” or below you “Outranking Share.”
Audit a current Google Ads motivated seller account or reactivate your account with confidence
Whether you paused, scaled back, or are starting fresh, there are items to be evaluated with current or reactivated Google Ads motivated seller accounts during the pandemic.
Let’s review the steps covered in this post:
Adjust Your Budgets
Evaluate and Set Realistic Goals
Make Sure Your Bid Strategy Aligns with Your Goals
Double Check Target Locations
Keyword Deep Dive – Pause or Add Keywords
Edit Your Ad Copy and Messaging on Your Landing Pages
Pause Underperforming Ads, Ad groups, or Even Campaigns
It’s often said that more millionaires are made through real estate than any other type of business. But what real estate business models do they use?
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While it’s difficult to measure the validity of that claim, one thing’s for sure: there’s a lot of money to be made in real estate.
Questions often raise about whether you should become a wholesaler, a flipper, an agent or broker, or even a hybrid agent/investor. As the real estate market changes and fluctuates (like it has in recent years), how do you make sure you choose the right investment specialty?
But one thing’s for sure: People will always buy or sell houses.
And investors who put their money into real estate — buying assets rather than liabilities — can create a lucrative future for themselves and their families.
So the question is, how should you get into real estate?
There used to be just a few different real estate business models.
If you had access to a lot of capital, you could place big bets with the fix-and-flip system and hope the market didn’t dip at the wrong time. You could also buy-and-hold real estate, steadily expanding your portfolio and net worth.
You could become a real estate agent or broker without big money, netting 3% to 6% per transaction.
Those were the options.
Now things are much more diverse.
Here are the real estate business models we will cover in this article…
The good news is… there’s a real estate business model that works with any budget. So long as you have the discipline to get started and keep going, you can win at real estate.
The Main Challenge of These Real Estate Business Models
While the business models below present a ton of opportunity for entrepreneurs — we’ve seen many agents and investors build thriving businesses in just about every market — they’re not free of challenges.
These challenges include hiring the right people, mathematically approaching every transaction, and building trust with buyers and sellers.
But one challenge stands above all the rest: consistently generating leads.
For agents and investors, having a consistent flow of leads makes your monthly income more predictable and allows you to grow your business more quickly.
How do you do that?
At Carrot, we specialize in helping investors and agents create simple, effective websites that rank in Google (and thus drive traffic) and systematically convert visitors into leads.
We’ve generated over 2.5 million leads for thousands of investors and agents nationwide. Take a Carrot demo to see how it works!
1. Real Estate Agents
When someone thinks about getting into real estate, being a real estate agent or broker is usually the first business model they consider.
Real estate agents make money by helping people buy and sell homes, usually pulling in between 3% and 6% of the sales price. A $250,000 home would net between $7,500 and $15,000.
To become a licensed realtor, you’ll need to research the requirements and processes in your local market — typically, this will include taking some courses and passing a test. You might also need to get sponsored by a real estate brokerage.
Pros
Low barrier to entry. Anyone with enough time, determination, and sales savvy can become a real estate agent.
Good profits on high-ticket homes.
Cons
Requires expertise in sales.
It takes time to build a name for yourself.
The average transaction takes about 3 months to complete.
2. Wholesaling
Wholesaling is a real estate investing business model that’s cropped up over the last decade or so.
As a wholesaler, rather than flipping real estate or buying and holding your properties, you work as a sort of “deal finder” for other cash buyers. Your job is to find good deals (motivated sellers) and get them under contract for a price you and your cash buyer can afford. When you pass the deal onto the cash buyer, you’ll typically make a $5,000 to $20,000 assignment fee.
The most significant benefit to wholesaling real estate is that you don’t need a massive amount of money to get started — just a few thousand dollars to find and secure your first deal.
Pros
May not require a license (check the state you’re wholesaling in).
Requires just a few thousand dollars in startup capital.
Wholesaling has become highly competitive in many markets.
New regulations are being introduced in many states to regulate wholesaling.
“Six wholesale deals this month if all goes through. $124k… 4 ppc, 1 organic, 1 Facebook retargeting. One has closed, the other 5 are under contract with a buyer and the last one is waiting on a buyer. Carrot system is still rockin!”
– Brian Rockwell
3. Wholetailing
The word “wholetail” is a combination of “wholesale” and “retail.” In a wholetail deal, the investor buys a house for a low-ball price, makes just enough repairs so that it’s capable of selling on the MLS, and then sells it to a traditional buyer.
It’s not unusual to make $50,000 to $100,000 on a wholetail deal, but without nearly as much work as flipping takes.
We recommend wholetailing real estate when you’ve found a house that needs very few repairs, you can get it for a price that’s significantly under market value, and you have the cash (your own money or someone else’s) to purchase the home and make small updates.
Pros
Wholetailing requires less work than a full flip, but has a big payoff.
Cons
Wholetail deals are hard to come by.
Wholetailing works better as a supplemental investing strategy than it does a primary business model.
Requires access to large amounts of cash.
4. Buy-And-Hold Investing
Buy-and-hold investing is probably the best business model for increasing long-term wealth and net worth. In the buy-and-hold strategy, the investor buys properties (ideally ones that are a good deal), fills them with tenants to create cash flow, and holds.
Buy-and-hold investing aims to collect as many properties as possible and build as big of a portfolio as possible.
The hardest part of this business model is securing the cash to purchase properties consistently. We recommend seeking out private money or hard money to fund your deals.
Pros
Great way to increase net worth.
Creates a ton of passive cash flow.
Cons
Need to manage properties and deal with tenants.
Need access to a lot of capital to maintain momentum.
5. House Flipping
House flipping is the HGTV method of real estate investing and perhaps the most popularized way to make it big.
What these TV shows don’t talk about, though, is how house flipping is also one of the riskier real estate business models. During the time between when you buy a house and when you sell it (often 6 months or so), you’re just crossing your fingers that the market doesn’t take a hit.
Still, house flipping is a great real estate business model to add to your repertoire. It has higher risk, but also a higher payoff — often upwards of $100,000 for a single deal.
Pros
Bigger cash payoff than any other investing model.
Technology has advanced so that investors can generate leads, find deals, inspect homes, purchase properties, and more… all without even being in the same state as the property they’re purchasing.
This is a great option for people who don’t want their businesses tied down to a single location.
Pros
You can operate anywhere in the U.S., accessing the most profitable markets.
Gives you more time and freedom.
Cons
It requires a lot of research before entering into a new market.
Requires you to buy properties site unseen.
You must build a business with clear-cut systems and hire trustworthy people you can depend on.
7. Listing Service For FSBO
What’s great about this business model is that once it’s set up, it can be almost entirely passive. Just hire a VA to manage some basic tasks and keep up with customer requests.
Here’s how it works: you get your real estate license, set up a website attracting for sale by owner (FSBO) sellers who want to list their house on the MLS, and offer to do it for a flat fee.
You can charge upwards of $250 per listing, for instance.
And as mentioned above, you can train a VA to do a lot of the heavy lifting. So once you’ve built the website and found ways to drive traffic (paid ads and/or SEO), this will run almost entirely on autopilot.
Pros
Easy to set up and easy to manage.
Decent money maker with very little work.
Cons
Need a real estate license.
Will be competing with other FSBO listers.
Requires a good chunk of upfront work to get everything set up.
Need to find ways to drive traffic consistently.
8. BRRRR
The BRRRR method (Buy, Rehab, Rent, Refinance, Repeat) is a modified version of the buy-and-hold business model.
BRRRR is an ongoing process by which real estate investors can purchase multiple properties with very little capital relative to the growth of their portfolios. First, the investor finds a good deal and buys the property using cash, private money, or hard money. Then they rehab the property and fill it with tenants to start the cash flow.
After a seasoning period of 12-24 months, the investor does a cash-out refinance on the home — this is where a financial institution provides a new loan on the property and returns the cash that they used to purchase the property in the first place.
Then the investor repeats that process with their original funds. If the investor plays their card right, they can purchase many properties with the same funds.
Pros
Allows for faster portfolio growth.
Cons
Requires the investor to secure upfront funding.
Requires very accurate math.
9. Hybrid Real Estate Model
The hybrid real estate model is a strategy where an agent is also an investor. As a hybrid agent/investor, you can offer sellers different options based on their need and your evaluation of the property.
For instance, you can offer:
If they’re looking to sell fast for speed and convenience and are willing to take a bit of a shave in equity, offer to buy the property yourself with a cash offer.
Or, if they want top dollar, you can be their seller’s agent and list the property for a traditional sale.
When you act as both the agent and investor, you can save yourself agent fees and avoid splitting your profits with an agent or investor partner.
“I’ve always worked with wholesalers and investors from the sales side. I decided to start generating those leads myself since I already had the network.”
Flexibility to work with different types of sellers.
Easier to adapt to market shifts.
Cons
Requires agents to be open to learning more about investing.
Carrot member, Anthony Beckham, is a hybrid agent/investor. His average profit per deal as an investor is around $20,000 to $30,000. His average agent commission is around the $7000 to $12,000 range.
More real estate investment business models (& a free planning template!)
There you have it! Nine of the most popular real estate business models.
If you don’t have much starting budget, wholesaling or becoming a real estate agent are wonderful options. If you have more capital, then you might consider flipping or BRRRR.
But they’re far from the only ones. With real estate investing, you can get as niche as you want. Other popular investment options are:
Whatever you decide, there’s plenty of opportunity in each business model. Before jumping in, be sure to research any local regulations (especially with wholesaling or short-term rentals) and the overall competition in your market so you understand what you’re up against.
When you’re ready to take the next step, snag the real estate business planning template to help you sort out your thoughts and set your business up for success.
What if you lost one lead this year because your website wasn’t optimized for conversion?
No biggie, right?
Well, no biggie so long as that lead wasn’t going to turn into a deal… if it was, then that’s $10,000, $20,000, or even $30,000 straight down the drain.
And, as my real estate agent says, “It only takes one – the right one.”
Sadly, for most unoptimized websites, the truth is much more depressing than a single lost lead per year. A website that loses one lead from your target market, after all, is going to lose all similar leads.
This is why preparing your real estate website to convert its visitors is absolutely vital… before you drive traffic to it (paid and organic). How, though, do you know if your website is or isn’t optimized for conversion?
Well, at Carrot, we’ve generated millions of real estate leads for our thousands of members, and these are four tell-tale signs that your website is losing you money.
4 Signs that your website isn’t generating the online real estate leads as it should
1. Your Website Isn’t Mobile-friendly
For our thousands of Carrot members, 64% of all leads come through a mobile device. Not through a desktop or laptop, but through a thumb-clicking phone.
And that’s happening all over the online world, not just at Carrot. 52% of all global online traffic is generated from smartphones, according to Shane Barker.
This means, if you’re going to convert over half of your website visitors, you can’t create a bad mobile experience. Google is taking this so seriously that they recently rolled out mobile-first indexing – which basically means that they prioritize the performance of the mobile version of your website over the desktop version. And they’re not the only ones who take mobile website performance seriously…
So do your website visitors.
In fact, 61% of buyers form more positive opinions about brands that offer a remarkable mobile experience, according to Crazyegg.
That’s why, at Carrot, every single one of our website designs is crafted to convert visitors regardless of the device they’re using to browse.
Here are some signs that your website isn’t mobile friendly…
You can scroll side-to-side and the screen doesn’t adjust to the size of the device.
The words become so small they’re unreadable on a mobile device.
The buttons are difficult to click with a normal-sized thumb on mobile.
If any of those are true of your website, then you’re definitely losing mobile phone leads – and switching to a mobile-friendly real estate website design like Carrot could outright double your lead generation.
2. You’re Not Making It Easy For Visitors To Give You Their Information
At the top, there’s a title, then there’s a menu and heading. And there’s maybe some sort of vague CTA – in this case, the “Learn More” button.
As you scroll down, you’ll see pictures of the real estate agent (or investor), maybe some testimonials, some notes about their services, and then finally a decent CTA.
This is at the very bottom of their website.
Now, that probably doesn’t seem like a big deal…
Do people really care all that much if they have to scroll to find your CTA?
To answer that question, let’s look at a quick study done by Bryan Harris – an email list building guru. He took his “right-side up” homepage and flipped it so that the CTA was front-and-center when someone arrived on his website.
Immediately, he saw a 35% increase in his number of subscribers.
Remember, people who’re looking to buy or sell their home are looking for a solution to their problem. The faster you solve that with a relevant CTA, the more likely they are to opt-in.
But you might be wondering what an upside-down homepage actually looks like.
At Carrot, we exclusively use the high-converting upside-down homepage model – putting the contact form and phone number right at the top of your website (on mobile and desktop) to guarantee that visitors to your website aren’t lost because they have to scroll more than they’d like.
Here’s a quick testimonial from a Carrot member, Adam Mitchell, who spent $1000s on the wrong marketing and an under-performing website. He now does multiple deals per month in a competitive market.
3. The Sales Copy Isn’t Scientific
What do I mean when I say that your homepage copy should be scientific?
I mean that there should be a clear and obvious reason that each phrase and word is in its place. And if you’re wondering whether you wrote your homepage scientifically or not – with the psychology of your visitor’s in mind – then you definitely didn’t.
Because scientific sales copy has to be intentional from the very beginning.
Here’s a typical example of sales copy that misses the scientific mark.
A lot of people try to make their sales copy creative and cute…
But that isn’t what you need. What you need is sales copy that appeals to people’s problems and then promises a remarkable solution.
And the headline is the most important element, with 80% of people only reading the headline and 20% reading the rest. In other words, you need to strike the right chords in the right order, quickly.
You need to be scientific.
Here are a few examples of psychological rules in sales copy.
The word “because” with a reason after increases conversion by 60% to 94% – it doesn’t even matter what the reason is, it just matters that you have a reason for what you’re selling, how much it costs, and why you’re the one selling it.
Similarly, social proof – such as testimonials and credibility bars – can significantly increase the conversion rate of your website. For one website, social proof increased the conversion rate by 20%.
But, those are just a few examples.
For your formulaic sales copy pattern, follow these three steps, in this order:
Empathetic description of pain – First and foremost, your prospect needs to know that you know exactly what they’re going through. After all, how could you possibly help them if you don’t understand their current position?
Agitate that pain – Then, the prospects needs to be reminded of how terrible of a situation they are really in. Your goal is to empathetically remind them of how difficult their predicament is so that they’re ready to get out of it.
Promise a solution that’ll take that pain away – Finally, in swoops Super Man. Your solution. Guarantee them with all the tools you have in your arsenal that your service (whether agent or investor) is going to remove their pain, then tell them how it’s going to do that.
Consider our very own sales copy as an example of this. It’s only a few sentences, but it hits every note.
4. Your Website Has Slow Load Times
The slower your website loads, the more people who won’t stick around to see what you have to offer.
Higher bounce rate. Fewer conversions.
Period.
As Neil Patel explains on his blog, for instance, 53% of people will leave a mobile site if it takes more than three seconds to load. And 47% of online users expect a website to load in just two seconds or less.
As the nail strikes the coffin, a one-second delay in page response time often results in a 7% reduction in conversions.
If you have a slow website, how many thousands of dollars might you be losing for each second? Here’s some quick math.
Imagine that you get 2,000 visits to your website every month at a 10% conversion rate. That’s 200 conversions. Then imagine that you close 1 in 20 of those. That’s 10 deals per month.
Now let’s assume that you make $10,000 per deal.
At a 7% reduction in conversion rate for every one-second loss of load speed, just a two-second delay would lose you upwards of $10,000 or more every single month.
This is why, at Carrot, we don’t mess around with slow load speeds. In this tech-stack study of 150,000 websites, Carrot outperformed Wix, Squarespace, and WordPress. In fact, Carrot was second to Google’s own website.
Conclusion
Maybe in the 90’s, just having a website was enough. Just having a place where people could go online and learn about your business would do the lead-generation trick. But now we’re down the road…
And we know what converts visitors… and what doesn’t.
Still, many websites haven’t caught up with the times and optimized their websites for conversion. This is unfortunate, considering the significant impact that conversion optimization can have on business success.
So, a quick recap.
Avoid these four real estate website pitfalls that can kill your lead generation…
It’s not mobile-friendly.
The homepage isn’t easy asking for their information.
In 2022, Google announced that it would simplify Google Ads match types. This post explains what this means and what you’ll need to do to your Google Ads accounts.
Google recently made improvements to keyword matching technology and rules on how it selects keywords in your account.
Reduce account complexity by giving more control over traffic without managing multiple match types.
Allow you to attract more qualified and high-performing traffic using fewer keywords easily.
Here’s what Google’s announcement means.
Change: The BERT algorithm has improved keyword matching precision
BERT algorithm technology interprets language, queries, and search intent. This applies to keyword match type behavior. This makes keywords, particularly broad match type, more predictable and aligned with the search intent.
Change: Exact match type data also applies to broad and phrase match types
To understand this change, we need to refresh our memory about some big changes in early 2022. Google retired modified broad match keywords and announced it will prefer exact match keywords that are identical to the search query.
Now the same logic that applies to exact match keywords will apply to broad and phrase match. If your ad group doesn’t have an exact match keyword that is the same as the search query but has broad or phrase match keywords identical to the query, Google will prioritize the broad and phrase keywords that exactly match the search query.
Here’s an example:
If someone searches for house buyers near me and you’re targeting broad match house buyers and broad match house buyers near me, the identically matching broad match keyword house buyers near me will be preferred unless you’re targeting exact match house buyers near me, in which case the exact match will be served.
Change: If you have multiple keywords and match types that are relevant, but not identical, to the search query, Ad Rank will not be the only deciding factor
If keywords are relevant to a search query, but none are identical to it, Google will not just use Ad Rank, but Ad Rank plus other relevance signals to determine the keyword it serves. “Other relevance signals” include the meaning and intent of the search term and the meaning of your targeted keywords based on their associated landing pages.
Here’s an example:
If someone searches “fast house buyers near me” and you are targeting the phrase match fast house buyer and the broad match house buyer, Google will select the phrase match keyword because it’s more relevant, even if it has lower Ad Rank than the broad match keyword.
Google states, “These rules ensure that the most relevant keyword will always be prioritized, so you can more easily use broad match and still maintain control.” Google provided the chart below to illustrate this logic.
Additional Points
Previously, we’ve directed members about using the same keywords with multiple match types to identify the highest-performing keywords. Google is saying this is not necessary any longer.
You can get more “qualified” traffic using fewer keywords
This is only what Google is saying. With these improvements, it’s possible to maintain better control over which keywords match a query. This is especially true with broad match keywords. This should “reduce account complexity” and eliminate the “extra work” of using multiple match types to control where traffic goes in your account.
You should create “thematically” consistent ad groups
Google suggests to “group keywords into thematically consistent ad groups so your ads will serve from the ad group you expect them to.”
A basic example can be, if you’re an investor and inherited and cash are your most popular searches, you would create two ad groups:
One ad group with creatives for selling an inherited house.
A second ad group with creatives for selling for cash.
If you’re pairing broad match keywords with a Smart Bidding strategy, there’s no longer a benefit to using multiple match types
What this means is that since broad match keywords are now more precise and predictable, plus they now follow the same logic as an exact match, you can target the appropriate broad match keywords and get the same results as you would if you targeted the phrase and exact match version of that keywords.
Google says… “Also note that when you use broad match with Smart Bidding, there’s no benefit to using the same keywords in multiple match types. Broad match already covers the same queries and improves performance with real-time bid optimization.”
What Does This Mean for Real Estate Agents and Investors?
Test different match types. Even going as far as creating broad match experiments.
We’ve always recommended taking Google’s messaging seriously but also with caution. Historically, broad match keywords have caused more wasted spending in real estate campaigns than they have lead generation.
If what Google is promising, broad match keywords might be the future. Just monitor your account and make adjustments to keep quality searches high.
Changes to Consider Making Now
To help you get the most out of these upcoming changes, we suggest the following best practices:
Monitor performance and shift budgets where necessary: Traffic may fluctuate due to these changes, so make adjustments as needed.
Regularly check your “Recommendations”: Check the “Add new keywords” to maintain keyword coverage and “Remove redundant keywords,” which helps you consolidate duplicate keywords.
Continue to use negative keywords: Exclude matches you don’t want with negative keywords.
Moving Forward
We’ll monitor these new policies and send updates as they become available.
For now, it’s important to be aware of these changes. This at least gives you an idea of what some recent changes mean.
There are thousands of deals happening in these larger markets. It’s an abundance mentality – there’s enough for everyone. There’s more to gain by working together than working apart.
– Adam Mitchell
From a $40k loss to $500k Profit – How the Home Buying Guys Pivoted Their Strategy to Win Their Competitive Real Estate Market w/ Adam Mitchell & Lance Doty
Adam Mitchell and Lance Doty are two amazing dudes and I was super pumped to have them on our first ever LIVE edition of the Carrotcast. They are the perfect example of a business following the plan, following through, and reaping the rewards. However, this wasn’t always the case.
Just a couple of years ago, Lance and Adam lost over $40k, but they stayed the course, pivoted their strategy, and are now seeing profits well over 6 figures. This is how they did it.
Read the Full Show Notes Below…
Everyone has a different path to success. At some point along the way, you will likely hit a setback that will cost you time, money, and most likely, both. However, if you’re smart, you’ll learn something that will help you completely change your strategy.
This is exactly what Lance and Adam did when they spent the whole year working for 1 deal, only to find themselves out $40k which they had spent on marketing that didn’t work.
They paused, hit the reset button, and have come out stronger than ever before.
Finding the Ying to Your Yang
Adam isn’t new to real estate. He has been flipping homes for about 15 years but took a bit of a hiatus when he got married and started his family. A few years back, e partnered up with his best friend Lance and decided to get back in the game. Adam quickly discovered that the market had changed and the deals weren’t as easy to find. He focused on bringing in the leads, while Lance focused on closing the deals.
What’s really awesome about Adam and Lance is their partnership. They are complete opposites, who are able to complement each other in every way. Where one may have a weakness, the other shines. This incredible partnership has helped them to both grow and get out of their comfort zones.
Today, the business has become a family affair as both Adam and Lance’s wives, Rachel and Denise, have left their full-time jobs to help run the real estate business full-time.
Making the Shift
After spending all their money, borrowing from their 401k, and spinning their wheels on marketing that wasn’t working, they realized, it was all or nothing.
Instead of putting their efforts into five different kinds of hamster wheel marketing, they shifted their focus to SEO and PPC.
They launched a brand new Carrot site, changed their business name, and rebranded themselves as the nice guys in real estate… something they truly are. Instead of spending all of their time and money looking for houses to flip, they began wholesaling.
Shifting gears was a bit daunting at first but they asked themselves…
Has anyone done this before?
What are the steps to make it happen?
What are we willing to put in?
Once they realized it had been done before, they knew they would be able to do it too. They buckled down and got that first deal.
After they received that first commission check, they knew that this was a real thing, and if they were able to repeat the process, they would be successful.
Staying the Course
One thing I really admire about Lance and Adam is that they didn’t let the initial set back deter them from the vision. They kept pressing forward, following proven strategies used by many successful investors before them.
I often remind myself that if something has been done before, then it does work. Direct mail works. Cold calling works. SEO works. When you are able to master one marketing channel, you can then stack on other lead gen sources to even further increase your volume.
Not Worrying About the Competition
Adam and Lance are in a competitive real estate market. The challenge to compete with the other buyers out there seemed a bit intimidating at first. What Adam and Lance have done is learn to embrace the competition instead of casting them aside.
They have successfully built relationships with other investors, showing that they value relationships over dollar signs. This, combined with their strong SEO game, has allowed them to generate new leads every day.
Because of their great partnerships, and the ability to serve clients on the retail side as well, they are building a strong business that will be able to scale and grow in the future.
