MAIN ARTICLE:
(full story)
What Happens When a Company Gets It “Right” Online? ...
Companies can be a lot like the agents they employ when
it comes to the Internet. They often give lots of lip
service about what they are going to do to improve their
online business, then end up frustrated when
half-hearted efforts don’t produce expected results.
However, just as there are exceptional Internet-savvy
agents, there are also exceptional companies whose
commitment to transforming their online business is
backed with determined action. Here's the story of
one that got it right.
Clark Realty (www.clarkhawaii.com),
the largest independent real estate firm on the Big
Island of Hawaii, is such a company. And here’s how
their singular focus to improving online profitability
resulted in about a 50% increase in online leads, and
more importantly, increased their conversion rate of
those leads from only ˝% to 15%.
It Takes a Leader
To have any chance of successfully
implementing any kind of online initiative, it takes
someone in authority within the firm to be the “driver.”
Someone who fervently believes in the online
possibilities and relentlessly keeps the entire
organization focused on achieving them. Penny Pagliaro,
VP of Marketing for Clark Realty, is their driver. She
had been in contact with me since early 2000 because of
my many articles in REALTOR® Magazine. When we finally
met in February 2004 (when I keynoted at their company’s
annual conference) they had already implemented
important changes to their Internet strategy. These
included making their website the center of their
marketing efforts in branding their company’s look and
feel and implementing written Internet policies and
procedures for their sales associates.
While these changes produced good
results, Clark’s web team wanted more — much more. So
during my visit I consulted with them on the next steps
they should consider, including:
-
Focus on creating relationships
with online visitors by adding staff to handle all
incoming referrals from web and RELO and give
special hands-on attention to them.
-
Humanize the site using more
engaging copy and headlines, spotlighting different
sales associates, personal stories, video tour of
the Big Island etc.
-
Improve Web forms by adding
privacy assurance on every form, rewording form
questions to be more engaging and specific to the
site section in which it is located.
-
Create a Concierge referral
program run by dedicated staff who prioritize
responses to inquiries based upon projected purchase
date.
-
Make the site more visitor
friendly by incorporating a site map, site search
engine, and RSS feeds of their showcase properties
and include floor plans, parcel and location maps
whenever possible.
-
Add print, radio and television
advertising to drive traffic to the site.
This is just a partial list of the
action items implemented by Clark Realty in the last 18
months that resulted in a higher number of repeat
visitors, longer stays on the site and a much higher
conversion rate. As Penny points out, improving their
online business is a high-priority work in progress:
“Our corporate goals for the website have been to
provide a broad range of information to our
visitors/prospective buyers and sellers and at the same
time to reflect our company’s ‘persona’ as friendly,
helpful, professional and knowledgeable. We’ve
consciously chosen to hold back on expanding our web
business until we were ready internally to provide the
same level of service to our web visitors as we would an
office walk-in.”
This “holding back” is largely due
to management’s realization that sales associates must
be trained on how to work effectively with the Internet
Empowered Consumer. While the Clark team certainly
understands them, they also know that any successful
corporate online initiative requires that their
front-line sales associates need to embrace and
understand them as well.
“We’re making progress in this
area,” Penny confirmed, “but our goal is for everyone of
our sales team to be completely proficient in handling
transactions online.”
Understanding the online consumer,
knowing what it takes to engage them, and then using
laser-like focus and determination to put that knowledge
to work are the ingredients necessary for building
ongoing success online. This holds true for an
individual sales associate as well as an entire company.
Even though it can be more challenging for a company to
pull this off, Clark Realty Corporation has admirably
proven it can be done when everyone from the top on down
is clear about the vision and determined to see it
through.
Mr. Internet is the alter-ego of Michael J. Russer, an internationally
recognized Internet speaker, trainer, author, and strategic consultant to
the real estate industry. He's dedicated to helping real estate
professionals leverage their people skills into profit on the Internet.
You'll see his column on REALTOR® Magazine Online every month and in the
magazine quarterly. Send your Internet questions to
help@askmrinternet.com or you
can visit his Website at
http://www.russer.com
|