Real estate tech is booming and house flipping is back.
For real estate tech companies, that great news. For realtors who sell homes the traditional way, this spells what could be long term trouble.
In 2017, tech startups in the real estate sector raised an impressive $3.4 billion in funding, a 5x increase over funding in 2013, according to CB Insights. Most of the funding is going into startups that offer platforms and software + service hybrid models to bring new efficiencies to the home buying, leasing, or selling processes.
Our customer, House Buyers of America, was capitalizing on growing trend that is starting to reshape the residential real estate market: selling your home directly to investors. The overall process is not new. House Buyers of America purchases the home from a seller, makes improvements a needed, and then puts the house on the market to sell.
What is new is the way the company, alongside a growing list of fast growing real estate startups, is using the web, data, and a deep experience in home values to buy and sell large numbers of homes at a profit. House Buyers can purchase the house with cash to eliminate risk to the seller and move from quote to closed transaction in a matter of days. For buyers who are in a rush to sell, the certainty and speed of the transaction are worth more than the slightly discounted sell price that the company will typically pay.
We worked with House Buyers of America and created a totally rebrand of company with new creative, a new website, and integrated outbound communications. The recently launched new website moved the company away from an investor home buyer to a real estate servicing company that helps people sell with confidence.
But House Buyers of America needed to do a lot more than look good to continue to grow and capture market share away from realtors or other real estate investment companies. Optimyz helped the company rebuild their lead generation process, including website lead conversion optimization, lead engagement, and outbound email.
To improve inbound lead engagement and conversion, we created a new lead flow that integrated with Google Maps to enable visitors to locate their home on a map, confirm their address, and them move through the get a quote process. What we found was that, while the new lead flow process was longer than a simple form, it effectively enticed people to go through the quote process. It was a lot more user friendly and inviting then then the previous lead flow.
Another benefit of the new lead flow is that it required that he buyer be in the client’s market area. That was important, because each incoming lead required multiple phone calls from the sales team to determine if the seller qualified – thereby saving a lot of resources.
Once the leads came in, they were sent to Microsoft Dynamics and the outbound drip email campaign started. We integrated the website forms, built in WordPress, with Microsoft Dynamics using a custom WordPress plugin. Next, we created a custom email flow using Click Dimensions, which is natively integrated with Microsoft Dynamics.
Finally, to move yet another one step beyond the competition, we implemented an automated postcard flow so that a welcome postcard was triggered with each incoming lead. With the average cost per acquisition at around $2,000, adding another $.80 to send a postcard to each new lead made a lot of sense.
Our inbound lead mailer program gets the postcard to the recipient in 2-3 days after the lead comes in. If 1 out of 2,000 postcards helped close a deal, the client generated a positive ROI. With automated direct mail for inbound leads, because you already generated lead, the postcard drives engagement and helps to differentiate your brand from the competitor’s brand. As such, it can be tricky to attribute the exact benefit the postcard had toward closed deals. But we have a few ways to track effectiveness that work well.
Next Steps As House Buyers of America continues to grow in its market, the next step will be to build integrated house map and notification system so that sellers, agents, and House Buyers of America can all be alerted to new potential deals.
We’d love to hear what you think. If you’re a real estate investor and are interested in improving your seller engagement or lead acquisition process, get in touch with us.
Good digital design is good for business. But great digital design is great for business.
of the key lessons we’ve learned from highly successful of companies like Apple,
Airbnb, Starbucks, and Harrys. When you deliver a world class online experience
to your customers, the results follow.
Companies with great digital design achieve deeper engagement, higher loyalty, and more clicks, shares, and purchases. According to the latest data from Nielsen, the average American spends more than 11 hours per day on mobile and digital devices. That means that the #1 touchpoint between companies and their customers is digital – phone, web, email and social. That’s where you win the hearts and minds of customers day in and out.
it take to move from good digital design to great? How can any company create
online experiences that delight, the way the Starbucks app does when ordering a
coffee, or how Airbnb make a reservation so easy and enjoyable? As Brian Chesky, CEO and founder of Airbnb,
rightly explained during one of his Ted Talks, “Design is more than just a look
and feel. It’s the entire experience.”
Fortunately, with the right structure, team, and process, companies can develop
digital design capacity and, over time, deliver great digital experiences every
time. Here are six steps that any company can follow to take their digital
design capacity to the next level.
1. Make Digital Design a Strategic Priority
starting point is prioritizing digital design and starting to look at design as
a strategic objective, not simply part of the marketing or design process. That
means that online customer experience becomes a strategic, measurable objective
and something that all levels of management get involved with.
some companies, that means hiring customer experience officers, while others just
add additional resources to their current team or hire outside partners. What
matters is that your company understand the important of digital design and begin
to view it as an investment, not an expense, that deliver a positive ROI.
Your design core is you’re your overall look and feel, your
company’s simple visual story. It’s the colors, fonts, spacing, shapes, and images
types that, like your logo, deliver a memorable experience that elicit the
right emotions form your visitors.
2. Build a Strong Design Core
With a solid design core built design core in place, your design
process will have a powerful base that enables you to more effectively create
design variations that flow across your assets and media but stay true to your
If you’re considering putting some real resources into rebuilding
your digital design program, this may be a good time to do it. Creating a great
design core isn’t easy, but it’s an essential part of building design capacity.
3. Implement a Smart Digital Design Workflow
you run digital marketing or development team, you know first-hand how complex it
is to design and deliver a large volume of content that is optimized for every
device, browser and channel. Even for a startup or small business with only a
couple social channels, getting everything done right is a huge challenge.
design effectively and efficiently, companies need to implement an intelligent design
workflow that takes into account their specific capabilities, resources, and deliverables.
Intelligent digital design helps design teams – and the marketers that run them
– to efficiently create new designs in a structured, logical way.
progressive design, it enables teams to improve
incrementally and see what’s working, but it gives you greater flexibility and
offers better visibility into the progression of new designs. This is important
because digital design is filled with unique scenarios and variations that can be
reused or adapted for a new task.
with design sharing and platforms, digital design still requires a lot of micro-management
and getting files and images to their destination. That can’t be fully managed
at scale and – with the advent of personalization software – sometime requires
even more imagery than before.
the right way, a smart digital design structure can save time and resources and
improving results because you use resources more efficiently, overdesign less,
and minimize rework.
4. Get Sales and Your Executive Team Involved
All too often, marketing and design teams works in silos and don’t have established
communications processes with sales and the executive team.
To make digital design becomes more of a company value driver and strategic
objective, not simply a marketing add-on, input from sales is crucial. That
includes the people running sales and the people that deliver the content and
make the sales. A lot of times, sales reps will have input on the way content
is delivered – or used – that the marketing and digital design team needs.
It’s also good to involve senior management in the development of your digital
design structure and goal setting. If
digital design is driving better results over time, you should be able to show
5. Use Internal and External Resources Efficiently
A big problem companies run into – and this is particularly true
for growing enterprises – is what design processes should be managed in-house.
In the perfect world, your company would have a big, highly experienced
marketing, design, and development team sitting together and focused on a
common goal. Most of the time, your team is dispersed and getting stuff done the
right way and on time is a huge challenge.
Within your smart design system, figure out what parts of the
design process you’re best at, and which ones are best handled by outside individuals
or teams. With each new hire you make internally, you gain control, but add
risk and may decrease net results.
Companies that use outsourced resources or agencies for specific tasks,
projects, or process will typically (assuming you work with the right partner) perform
better than companies that try to do everything in house.
6. Stay Focused on Your Brand and Customer
stay focused on the prize – your customers.
his Ted Talk, Tony Fadell talks about how he led Apple’s first roll out of the iPod
and managed the design process. He points to one of Steve Jobs’ core design principles
of “staying beginners,” or keeping a fresh view of design and look at things the
way our customers would.
your designers and marketing teams are immersed in the design process work, it’s
hard to see things the way your customers do. As you launch new assets or campaigns,
take a step back to analyze the visual story you’re telling your buyers.
your buyers are having a great online experience, then you’re creating great digital