With all of the talk about Millennials and their lack of desire — or financial means — to become homeowners, the stats are showing a different trend. In fact, Millennials have become the largest share of homebuyers.

According to the National Association of Realtors (NAR) research department, as of 2018, millennials are 36 percent of homebuyers, with 65 percent of those also being first-time home buyers.

The question now becomes: how do you reach this tech-savvy swath of homebuyers?

A majority (59 percent) of Millennials are active Instagram users. While Facebook is still the most used social network among millennials, that figure is declining. Instagram on the other hand, is increasing its market share amongst millennials.

 

Using Instagram to Reach Millennial Homebuyers:

 

 

  • Create a professional page

 

The first step to creating a successful Instagram that will help you reach the Millennial market is creating a professional Instagram page. If you look at some of the agents that have found success on Instagram, they all have one thing in common, their pages are professional and reflect their brand cohesively.

Although posting photos of your past and current listings is a great first step, don’t forget to incorporate the aspects that highlight what makes the neighborhood that your listing are in so special.

Another good tip is to always stay authentic and approachable. Posting a mix of professional photos of listings with behind-the-scenes content of you at listings or with clients is a great way to put a personal touch on your social media.

 

 

  • Post engaging content

 

When it comes to Instagram, there’s a variety of content types to choose from. There are posts you can share to your newsfeed, story posts, and live video. You also have a number of mediums in which you can post content, like videos, photos, boomerangs, and carousel posts.

Choosing a good mix of these types of content outreach strategies will allow you to keep your audience interested in what you have to say and show. Whether it’d be tying back to your specific area of real estate expertise or the actual neighborhood that you have listings in, try to have a cohesive theme throughout all of your content that ties back to what you want your audience to remember about you.

Some examples of great content that Millennials will undoubtedly pick up on include photos and video of local coffee shops, restaurants, and unique things to do that are iconic to the neighborhood you’re listings are in.

 

 

  • Don’t just post — engage!

 

In a time when consumers and clients look for personal connections to the brands, causes, and professionals they choose, the best approach isn’t always marketing to people, but engaging with them.

Building a community of people who know and trust you requires you to have conversations with them, especially on a platform that can turn as impersonal as Instagram.

Commenting back to those who take time out of their busy lives to comment on your content gives you the opportunity to reveal your personality to your audience. It also communicates that there’s a real person behind the pictures and videos.

Conversely, go out of your way to find other agent’s Instagram profiles and engage with them! You never know what kind of professional bonds and referrals you might get from simply commenting on other real estate agent’s content.

The most important thing to remember about engaging on Instagram to build relationships with your audience is that it doesn’t happen overnight. You have to be patient and constantly engage in order to reap the benefits of engaging on Instagram.

 

 

  • Use hashtags effectively

 

Remember how I mentioned finding other agents and engaging with them on Instagram is a great way to network on social media? Well, hashtags are how you find other agents and how they find you! Not to mention, people looking for listings will be searching these hashtags as well.

Using hashtags helps you increase your exposure and searchability. Instagram allows 30 hashtags, so make sure that you’re using the full 30 for maximum visibility!

Use hashtags like: newly sold, newly listed, your specific neighborhood or location, amenities, the brokerage you work for, and various other trending real estate related hashtags. Placing the hashtags in a comment on your post as opposed to in the actual caption of the post allows you to keep the caption clean and easy to read.

In the end, reaching a Millennial audience isn’t rocket science. Simply be authentic in everything you do and highlight all of the great aspects of working with you as an agent and you’ll be building your Instagram reputation with Millennials in no time.

When real estate agents think of social media marketing, the sites that come to mind most often are Facebook, Instagram, and Twitter. However, a recent study shows that, while sites like Instagram and Facebook are great for getting your audience to get to know your business, LinkedIn is the proven king of lead generation.

Coming in at a visitor-to-lead conversion rate of 2.74 percent, LinkedIn has a conversion rate that is three times higher than both Twitter and Facebook.

The reason LinkedIn works is because you are reminding your circle of your professional expertise.  You are showcasing to your friends, family and acquaintances your knowledge in a way that is not pushy or overbearing.

This doesn’t mean that you should abandon your Facebook, Instagram and Twitter efforts; it means that you should be actively nurturing your LinkedIn presence in addition to the other social sites in your lead generation mix. Today we’ll be showing you how to make the most of your LinkedIn page, so you can maximize lead generation and get more clients.

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Like most real estate professionals, your marketing strategy most likely consists of using Facebook pages to post listings, using Instagram to promote your brokerage, handing out business cards or sending out mailers.

 

While these tactics are tried and true, here are 5 other techniques you can start incorporating into your strategy to set your marketing efforts apart from the crowd to win more leads and grow your business:

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Once an online lead goes cold, it’s a guessing game for realtors to decide if they should put effort into re-engaging with the lead or if they’re better left cold.

The majority of online leads are usually people you haven’t met face-to-face, and because the line of communication between you and the lead has weakened, there’s no way of knowing what stage of the home buying or selling process the potential lead is in anymore.

This makes it harder to market to them, and it also means that when you do try to market to them again, you’ll most likely be just another online realtor headshot to them.

Seems discouraging, right? Still, it is important to follow up with these once-hot leads. Just because the lead has gone cold doesn’t mean it can’t be revived. The question is: how do you best re-engage with someone stuck in this stage?

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In the digital age, potential home buyers and sellers no longer turn to newspapers and magazines when looking for real estate services. Social media platforms have become the go-to source for potential clients to find everything from listings to realtors.

If your social media brand isn’t up to par, you run the risk of missing out on tons of potential clients; specifically, younger, social media-savvy clients looking to buy their first home.

Although social media brand management may seem complicated there are plenty of ways for you to take charge of your online brand management on your own.

Follow these simple steps to get started building your social brand today.

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iStock Social Media IconsDeciding to bring your business into the online marketplace is a big and profound step for any entrepreneur, but it is especially difficult for real estate agents who work solely based on commission and referrals. In a world where social media is a “make or break” medium for many businesses, negative feedback on any platform is a terrifying thought. So how can you effectively bring your business online, build a following of potential leads and respond effectively to feedback? First we begin with, and come back to the basics, content.

The first step to implementing a successful social media and online business plan is coming up with a goal and timeframe for your channels. Setting realistic expectations, with a method of tracking analytics, is how you will be able to measure if your ideas are working efficiently. Along with setting a goal, identify your target audience and where they are most likely to spend time. If you want to target Millennial customers, it would probably be most ideal to utilize Instagram and Facebook versus if you were hoping to target baby boomers, then a blog or newsletter may be better suited.

The most important asset, or weakness, for any medium is content. Content is not only what drives the traffic on your channels, it is what will either bring leads back or push them away. In order to align yourself as a point of interest to potential customers, make sure that your content is interesting and what your consumers are looking for. Gone are the days where pro-business and sales taglines could flood channels of communication, while still achieving leads. Running a channel fueled by too many sales pitches and methods of outreach are sure to repel even the most desperate home buyer. Continue reading