Daily Archives: January 20, 2013

My 10-in-1 Content Creation Strategy | Katonah Real Estate

Content creation calendars and schedules are the bane of most serious bloggers’ and content managers’ lives, depending on which side of the creative block you’re on.

I straddled this fine line on many occasions until my Eureka moment. Having amalgamated my home radio and video studios I realised that I could double up on content creation with my business-consultant partner, a content reservoir of genius proportions.

Soon we had discovered a 3-in-1, then a 6-in-1, and finally a 10-in-1 content creation strategy.

When I say “radio and video studio” (actually my third bedroom), be assured it’s not exactly state of the art, although I have slowly acquired suitable equipment and created a workable dual studio.

In saying this, anyone with a computer, some sort of USB audio interface/mixer, a reasonable microphone and digital video camera or DSLR can achieve the same results. In this article I assume you are familiar with your gear so I’m not going to go into any detail on how to use each piece of equipment in the process.

Time costs!

One of the most valuable, and rarest assets of a successful business consultant is time. To maximise the genius of my partner, when time is in such short supply, is a hectic operation usually resulting in a minimal flow of great content. This is where my Eureka moment has paid incredible dividends and saved many hours in the generation of multiple pieces of content at once.

Because we use a joint audio and video, green-screen studio, when we sit down and record a session, we create both an audio and a video recording simultaneously. The following ten points outline the quality content that we create from each five-minute recording session.

We now have this down to such a fine art that we can do six, five-minute recordings in 40 minutes. For me as the content creator, this is heaven, as it enables me to work in my genius. (A little side note here: your genius is simply working in your passion and talent, and I believe you need to be doing this for 80% of your working time.)

How it works

So, it all starts with one content creation session—just one!—where we have learned to maximise both time and genius. Of course there is preparation required to make the session go smoothly, and a good knowledge of your field of expertise is essential, but once we’re in studio, this is how the magic happens.

  1. The primary piece of content is a video for uploading to our YouTube channel and if we choose, we upload it to iTunes as a video podcast. We also embed the same video on our blog at MurrayKilgour.com. A well-prepared, quality video is the basis for this whole process. We use either a script or a series of bullet points to make the recording. I personally enjoy using a script with a DIY teleprompter, because of my radio background. Cheesycam.com is an awesome resource for DIY ideas and equipment—a lot of it DIY or reasonably priced new gear.
  2. The recorded audio track becomes a podcast which is embedded on our blog, and most often is uploaded to our Living on Purpose iTunes podcast channel as well. There are many other podcast sites to upload to, but we choose just iTunes. If you are unable to create video, the podcast can become the audio for a Slideshare video presentation, so give the audio the same good preparation as you would a video.
  3. We send the mp3 audio recording to a transcription contractor hired through eLance.com for transcription at $2 per recording. From this transcript, we create a blog post for our site, a guest post for another website, or an article for a site like ezinearticles.com. This invaluable piece of text is also used as a caption or transcript with our videos on Youtube for SEO purposes. Because it’s accurate, we gain the additional traction of having hearing-disabled people able to enjoy your video using the Youtube subtitles feature.
  4. The video we have created, if it’s not placed on our YouTube channel, can now form part of a multi-part video ecourse. We use an Aweber autoresponder to give this away for free and gain subscribers to our blog, but it can be monetized in the form of a paid video ecourse. You can determine the value or purpose of the content here.
  5. We again take the transcribed text and repurpose it into a ten-part ecourse delivered in the same way as the video ecourse: as a bonus for signing up as a subscriber to the blog. This method has been extremely successful—we’ve signed up thousands of subscribers to our blog this way.
  6. The transcribed text now adds real value when it is compiled into a section or chapter of an ebook to be used as a giveaway or sold on the blog as a free download. This is where the value of the method comes in, because many bloggers battle to get into writing an ebook. We edited, added and modified a lot of the text to create an ebook, but what this method did was give us a great quantity of raw material to work with. We had created more than 140 podcasts by the time we woke to the fact that we could compile a quality ebook using that material.
  7. I am in the fortunate position of being a breakfast show producer for a local radio station, so the podcast becomes a regular slot on our community radio station, Radio CCFm, which has 250 000 listeners. But before you say this is a privileged position, I can assure you that, as a producer, I can say most local radio stations are always looking for quality content, especially if it is free. So short podcasts with a good intro and outro may become a regular feature on radio stations and give good traffic to a website.
  8. With the advent of HD video DSLRs it is possible to produce high-quality video footage for TV programs. We repurpose our five-minute content creation session again in the form of a short TV program for a local community TV station, Cape Town Television. If it’s quality content and free, TV stations will take your show—especially if it’s relevant to their viewers.
  9. When we repurpose the transcribed text into an ebook, the audio becomes part of an audio book. You might say that this is pushing it, but I use the audio as a companion free audio book to the photography ebook I sell on my website. It’s a bonus for the buyer and for me, because I didn’t have to do anything extra to create it.
  10. Finally, blog posts, audio, and video make an amazing weekly or monthly newsletter. I do this using Aweber templates, which are free with the subscription. We try to do it on a two-weekly basis, as we don’t always have enough content for weekly mailings. It works perfectly for a monthly newsletter and I would advise this when you’re starting out. The amount of content you generate will determine the frequency.

Ten points sounds good, and I thought that adding an eleventh point might be a bit much, but here’s a bonus idea. What we’ve done is created a boxed DVD set for offline and online sales as training modules. Not all people are excited about online, and some like a physical product in their hands. In our business we use all of the above content in its different forms as part of a DVD boxed series for sale to our coaching clients. They love it and we love it—especially the time it takes to create!

Unlimited content

There are no limits to how you can use your content if you begin with the end in mind, but the emphasis must be on quality content. When you sit down in front of the camera and microphone, think “end product,” and design your process to get the most out of the content creation session. I’m sure that most people can easily create seven of these ten pieces of content out of just one five-, ten-, or even 30-minute recording session.

So, think big in your content creation, begin with the end in mind, and maximize your time and effort to produce content that will attract the best traffic and convert those people into buyers. Your success will result from the quality of content you produce. So give it your best!

Hedge Funds Shrink Foreclosure Discounts | Pound Ridge Real Estate

Demand for foreclosures is so great and supplies are so low in some of the nation’s hottest foreclosure markets popular with investors that the price differences between REOs and full-price homes have virtually disappeared.

According to data from Home Value Forecast, during 2012 foreclosure discounts shriveled in some but not all of the markets suffering the greatest record foreclosure activity in past years. Foreclosure inventories have declined in these markers, largely due to residential real estate investors, both individual and hedge funds, who buy up foreclosed properties to convert into single family rentals. While full-price homes and short sales have appreciated slightly in these markets, REO prices have zoomed, a sign that investor demand-especially hedge funds who have been buying up thousands of REOs since the end of 2011-is driving the decline in foreclosure discounts.

Foreclosure discounts are critical to most investors’ business plans. To bring foreclosures up to market-ready or rent-ready status, investors spend a media of $7500 per property, or $9.2 billion per year according to a survey of investors by BiggerPockets.com and Memphis Invest. Should the foreclosure discount evaporate, it will be cheaper simply to purchase a full-price home that needs no repair.

Foreclosure discounts also have toxic effect home values. Their reduced values often are used by automatic valuation models and by appraisers in calculating comparable sales values for full-priced properties, resulting in lower appraised values.

In Las Vegas, the discount between full price homes and foreclosures was only was only 1 percent in the third quarter of 2012, and price differential between full-price properties are REOs has fallen to only $2000. Third quarter 2012 data from Home Value Forecast provides trend lines for REO, full-pricne and short sale prices, sales volume and time on market.. HVF provides insight into the current and future state of the U.S. housing market, and delivers 14 market snapshot graphs from the top 30 CBSAs. Home Value Forecast was created from a strategic partnership between Pro Teck Valuation Services and Collateral Analytics and uses numerous data sources including public records, local market MLS and general economic data.

The foreclosure discount in Phoenix has shrunk to about 5 percent. REO prices have risen to a median of $88,000 from $62,000 in January 2011, and today are only $6000 less than the median full-price home in the Phoenix market. At $70,000, short sales trail both REOs and full-price homes.

In Orlando, REO prices have been rising throughout 2012, but they still trail full-price homes by $17,000. The discount in the third quarter was still sizeable, about 21 percent, but down significantly from 33 percent in 2009. Tampa also saw in increase in REO prices at the same time that full-price homes rose, keeping the discount at about 32 percent.

Yet in Detroit, a major source of foreclosures but not a popular market for most inestors, the discount actually grew. REO prices in the third quarter were at the same level, $26,000, as they were in the third quarter of 2011, while full-price homes rose from $41,000 to $50,000.

The massive amounts of money hedge funds are spending on foreclosures clearing impacting the real estate economy. Last year several dozen investment firms backed by $6 to 8 billion in private equity hedge funds announced plans to purchase between 40,000 and 80,000 previously foreclosed homes. In September investment bankers at Keefe Bruyette and Woods estimated the dollars raised so far may only trim 15 percent of the foreclosure supply and there is room for even more growth that could last for years.

Just last week Blackstone Group LP, the largest U.S. private real estate owner, accelerated purchases of single- family homes as prices jumped faster than it expected. According to Bloomberg, Blackstone has spent more than $2.5 billion on 16,000 homes to manage as rentals, deploying capital from the $13.3 billion fund it raised last year, said Jonathan Gray, global head of real estate for the world’s largest private equity firm. That’s up from $1 billion of homes owned in October, when Blackstone Chairman Stephen Schwarzman said the company was spending $100 million a week on houses.

“The market is moving much faster than anybody thought possible,” Gray said during an interview in Blackstone’s New York headquarters. “Housing is much stronger than people anticipated.”

Santa Monica-based Colony Capital LLC, last week raised at least $45 million to finance additional REO purchases. It has invested $355 million in the REO-to-rental business since July, according to regulatory filings.

Meanwhile, Colony, Blackstone, Waypoint Real Estate Group LLC and American Homes 4 Rent have reportedly converged on Atlanta in search of low-priced properties to buy and rent out, after helping drive prices up 34 percent in Phoenix from a year ago.