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6 Marketing Automation Lessons Learned the Hard Way | Bedford Corners Realtor

Not too long ago, my colleague Katie Burke wrote a great article, “The Right Way to Think About Your Marketing Software RFP,” and it got me thinking about my own experiences as a buyer of marketing technology. Particularly I realized, more often than not, I was thinking about automation the wrong way.

In the past nine or so years, I’ve evaluated, purchased, implemented, and used over ten different email marketing and marketing automation platforms (there may be more but I’ve lost count). My love for technology and marketing is what led me to join HubSpot over two years ago, and why I regularly speak with prospects and customers on what I learned when I was in their shoes.

Right now the marketing automation industry couldn’t be hotter. Due to increasing adoption rates, analysts are predicting a more than 50% industry revenue increase this year. Recent acquisitions (Eloqua acquired by Oracle, Pardot by ExactTarget, and others) are also signs of a market headed in the right direction.

I’m certainly not going to complain about our industry’s growth, but I wonder, are companies adopting automation the right way? Perhaps the belief that marketing automation just encourages bad behavior more than it createslovable marketing, or that it’s simply a more efficient spamming engine, is a telling sign.

Too often I hear from companies that are headed down the wrong path in the decision process despite where they started (with good intentions). Make no mistake, automation can do wonders for your bottom line — if you avoid the purchasing pitfalls. Below are six common mistakes I see over and over again, failures I’ve experienced myself, and how you can avoid them so that you’re successful with marketing automation.

6 Common Marketing Automation Lessons I Learned the Hard Way

1) Automating bad processes doesn’t magically make marketing better.

This might appear like a no-brainer, but it’s the #1 offense I see. Let me you give you a real-life scenario:

A three-person marketing team for a large technology company is struggling to supply inside sales reps with good leads. In addition, a lot of the work to hand leads to sales is very manual, due to a lack of integration with their email provider and CRM. They target a niche audience in the Fortune 1000. Because of this, the company attends tradeshows and buys targeted prospect lists of “Directors of IT.” They email these lists regularly with the goal to schedule more sales appointments, or maybe they will send a newsletter or product offer. But the company often experiences high bounce rates and low engagement. Their database hasn’t really grown in years, and in fact, it’s churning at a high rate. They decide it’s time to buy marketing automation to better utilize their existing database and put new lists through automated drip campaigns. They plan to use lead scoring, as well.

What’s wrong with this picture? First, yes, buying email lists is a no-no and no one should do it. But the main problem is that this company is solely looking at automation to fix an already broken process. In this case, this company needs to fix their lead problem by creating better content. In other words, they should consider marketing transformation prior to marketing automation.

John Common, CEO of Intelligent Demand, mentioned in this post:

“It is a disruptive technology in that it forces a company to think differently about its most important process: revenue creation. This is a good thing! At most companies today, marketing and sales are working from an outdated playbook that was written back when interruptive, batch-and-blast, product-focused, hunch-based marketing actually worked, and Sales was in control of the buying process. Those days are gone, but the thinking behind that playbook still exists.”

Sure, automation can make things easier in some cases and you may even see some short-term gains. But long-term success is what matters, and that requires a different way of marketing. Using automation as a glorified email tool won’t get you where you need to be.

Great automation is a result of highly targetedpersonalizedvaluable, timely, and remarkable content that is sent to a healthy and engaged database (see point #2 below in just a minute). As John mentions above, the batch-and-blast approach to sending prospects stuff they don’t care about isn’t going to suddenly make things better with automation. If your company feels like creating great content is the core of your problem — and in most of the scenarios I’ve seen, it is — start there.

2) Automation requires a growing and engaged database to nurture.

marketing-automation-funnelThe average email database expires at the rate of ~25% per year. That means a database of 50,000 email addresses will have shrunk to 21,000 in just three short years. The best way to solve for attrition is to replenish the funnel with new leads at a higher rate than you’re burning through. Or else you’ll find yourself with diminishing returns.

Before you invest in marketing automation, ask yourself, “What am I doing to fuel the top of my funnel?” In other words, automation is a fantastic tool to further qualify and nurture leads, but when you don’t even generate enough for Sales, what’s the point?

I learned this the hard way. A few years ago, I implemented marketing automation before putting the processes in place to attract and convert more leads, like creating better content, offers, calls-to-action, and landing pages, and doing things like blogging and optimization (and to clarify, buying email lists does not count as lead generation). Essentially, I put the cart before the horse and my results later suffered.

 

 

6 Marketing Automation Lessons I Learned the Hard Way.

New Zealand April Median House Price -2.4% Vs March; +7.0% on Year | Bedford Corners Real Estate

WELLINGTON, New Zealand–New Zealand house prices eased in April from March but the fall is unlikely to provide any relief for the country’s central bank as prices remain sharply higher on the year.
Data from the Real Estate Institute of New Zealand, or Reinz, showed Monday that the national median home price totaled 390,500 New Zealand dollars (US$323,412) in April, down 2.4% on the month but 7.0% higher on the year.
The Reinz Monthly Housing Index, which uses all sales by Reinz members rather than just a median price, rose 0.8% in April compared with March.
There is growing concern about high housing costs in New Zealand as shortages in the country’s two largest cities–Auckland and Christchurch in Canterbury–drive prices. The Reinz data for April show house prices in Auckland were down 1.2% on the month but jumped 13.3% on the year, while in the Canterbury-Westland region, where Christchurch is the major city, prices fell 1.7% on the month but were up 10% on the year.
While demand in Auckland is being fueled by the city’s expanding population, Christchurch residents need new housing after 11,500 homes were destroyed in a series of earthquakes that have hit the region since Sept. 4, 2010. The government moved Friday to make building new homes in Auckland easier by streamlining urban planning and building permissions, while the central bank will increase capital requirements for the four large banks in relation to low equity mortgages from September.
However, Monday’s data show house prices elsewhere in the country are also starting to rise. “Several regions appear to be benefiting from the tail-wind generated by the strength of house prices in Auckland and Christchurch,” Helen O’Sullivan, chief executive of Reinz, said.
The number of homes sold totaled 7,104 in April compared with 8,128 in March and 5,676 in April 2012, while the number of days taken to sell a house, a gauge of underlying demand, rose to 34 from 31 in March and was down from 37 a year earlier.

 

 

New Zealand April Median House Price -2.4% Vs March; +7.0% on Year | Bedford Corners Real Estate | Bedford NY Real Estate | Robert Paul Talks Life in Bedford NY.

Home prices near most affordable levels in over 30 years | Bedford Corners NY Real Estate

Home prices may have been on an upward spiral for many years, but the cost of owning a house in India remains near the most affordable level in over three decades, shows data compiled by mortgage giant HDFC Ltd.

The average price of a home, purchased with a housing loan, rose to over Rs 45 lakh in the 2012-13 fiscal – marking the fourth consecutive year of uptrend from about Rs 25 lakh in the year 2008-09, HDFC has said in a presentation.

However, factors like an even greater surge in the personal income levels, tax incentives and lower interest rates, have resulted into houses becoming more affordable to purchase, it said.

As per an ‘affordability’ ratio compiled for over three decades by HDFC, the average cost of owning a house stood at 4.7 times of the annual income of the home buyer in 2012-13.

The affordability ratio, which takes into account the annual income of the home buyer along with the price of the house, stood at as high as 22 in the year 1994-95, but has been mostly on a declining trend since then.

This means that a home buyer, on an average, needed an amount equivalent to nearly 22 times his or her annual income in 1994-95, but an amount less than five times of the annual earnings is required for purchasing a house now.

HDFC has released this dataset as part of an investor presentation on its latest fiscal financial results.

Explaining the improved affordability in the housing market, HDFC said it has been possible because of rising disposable income, tax incentives (on interest and principal repayments) and affordable interest rates available to the home loan customers.

The lender further said that the mortgage market was also witnessing a high demand growth because of increasing urbanisation and favourable demographics of the country, where 60 per cent of population is below 30 years of age and there is a rapid rise in new households.

Interestingly, the affordability ratio has remained in the range of 4.5-4.7 for the five consecutive years now, although the home prices have nearly doubled in this period.

Excluding a temporary dip during 2008-09, the home prices in the country have been rising for 11 years now, after hitting the lowest level in two decades at below Rs 15 lakh in the year 2001-02. However, the average annual income of a home loan customer has almost tripled during this period from less than Rs 4 lakh to close to Rs 12 lakh currently.

To be precise, the affordability ratio of 4.7 during the the last fiscal 2012-13 is the fourth lowest ever figure, after 4.3 in the year 2003-04, 4.5 in 2008-09 and 4.6 in 2011-12.

 

 

Home prices near most affordable levels in over 30 years: HDFC – Business Line.

The real estate market must be totally regulated in Qatar | Bedford Corners Homes

Rents stabilising in Qatar are a clear indication of the upbeat mood in the market about medium- to long-term national economic prospects.

In the last few months, many commercial and residential properties have come to the local market and many more are expected in the months ahead.

For investors, a key factor that drives their business strategy is the projected return on investments (ROI). Obviously, return on investments is decided by the demand and supply situation.

With Qatar economy witnessing rapid growth and many infrastructure projects being taken up, national economic prospects look good.

Population growth has been accelerating mainly because expatriates come to work on new infrastructure projects.

This is bound to put pressure on both commercial and residential properties with the result that rents may go up considerably.

Rents are likely to be a major swing factor in forecasts of consumer price inflation for 2013, experts have already warned.

Historically, from 2005 until 2013, Qatar’s inflation averaged 4.05% reaching an all time high of 16.59% in June 2008 and a record deflation of 9.96% in December 2009, a study by Standard Chartered Bank has shown.

According to QNB, overall inflation increased 3.6% year-on-year and 0.4% month-on-month to 2.4% in March this year.

Since the housing component has the largest weighting in the inflation basket (32.2%), escalating rents are sure to drive inflation in Qatar.

Rising inflation will certainly take the sheen off the real GDP growth, which no economy can afford.

In the past, when inflation surged and touched double digits, the government took very strong measures to contain it.

They included putting a ceiling on the annual rental increases and starting new low-cost residential projects. Many nationals and expatriates have then benefited from the pro-active measures taken by the government.

 

 

The real estate market must be totally regulated.

Rye Playland Opens For 2013 Season | Bedford Corners Real Estate

The opening day event featured special admission prices of $15 for unlimited rides, which continue this weekend and next. Beginning May 24, admission for unlimited rides will be $30 and $20 for anyone under 48 inches. Westchester residents with proof of residency will receive $5 off. Spectator admission, which does not include rides, is $10.  and entertainment.Season passes are $95 for unlimited rides, with a $15 discount for Westchester residents.The amusement park and boardwalk will be open. The beach and pool are expected to open June 21. The Ice Casino and north boardwalk were both heavily damaged by Hurricane Sandy, and are not expected to open until 2014.Saturday, children lined up for rides and posed for pictures with Coaster the Dragon, Playland’s mascot. The band Reunion will be playing hits of the \’50s, \’60s and \’70s during shows at 1, 3 and 5 p.m. on the Music Tower Theater stage.

via Photos: Rye Playland Opens For 2013 Season | The Bedford Daily Voice.

Spring real estate market sees record pending sales in Seacoast | Bedford Corners Real Estate

PORTSMOUTH — The Seacoast Board of Realtors say the spring Seacoast real estate market is shaping up to be the best in at least three years.

The board reported a record number of single-family and condominium pending sales in April in the 13 sample seacoast towns.

The 13 sample towns are Exeter, Greenland, Hampton, Hampton Falls, New Castle, Newfields, Newington, North Hampton, Newmarket, Portsmouth Rye, Seabrook and Stratham.
The 90 April pending single family sales are 18 more than the previous record set last May. There were 67 sales in the month, up 15.5 percent from last year. They were paced by 21 sales in the $400,000 to $700,000 price category, nine more than last year at this time. There were 37 sales in the category of less than $400,000.

Sales of single-family homes in the sample towns have increased through most of the first four recorded months of 2013. There were 59 in January, 55 in February, 63 in March and 67 in April.

The median sales price of a Seacoast single-family home was $369,800 up 21.7 percent from last year.

While the 35 pending condominium sales are also a new three-year record, condos again recorded a mixed bag of sales results. The average price of a condo was up 10.52 percent from last year at $210,000, but fell to its lowest level in three months in 2013. Closed sales also were off .06 percent from a year ago.

Inventory levels continue to shrink as demand increases, according to the Seacoast Board of Realtors. Available single-family units dropped 21.1 percent from a year ago, while condo inventory is off 17.2 percent from last year.

 

Spring real estate market sees record pending sales in Seacoast | Bedford Corners Real Estate | Bedford NY Real Estate | Robert Paul Talks Life in Bedford NY.

Mobile Video Viewing on the Rise: Why It Matters [Study] | Bedford Corners Realtor

Business Insider’s subscription research service, BI Intelligence, has conducted a study about mobile video viewing habits that show a tremendous uptick in the amount of video watched on phones and tablets over the last year.  The uptick isn’t surprising, but the amount of uptick is.  What’s so vastly different between 2011 video viewing habits and 2012’s?  The study finds that the rollout of faster 4G networks, younger audiences gravitating to mobile viewing, and the spread of tablets as the main reasons.  But there is a lot more data to consider in this study.  Let’s take a look.

Mobile Video Continues to Rise in Stature

Here is a chart detailing the viewing habits by device in Q4 of 2012, using data from Ooyala and charted by BI Intelligence:

Mobile Video Viewing on the Rise: Why It Matters [Study]

Here are some amazing stats (courtesy of BI Intelligence):

  • Video on smartphones reached 41 million people by the end of last year.  Additionally, as of January 2013, 41 percent of smartphone owners watch video on the device as opposed to 22 percent as recently as April 2012.  People in the age group of 12-17 watch video on their mobile phone 24 minutes a week, and the 18-24 set watch 28 minutes, compared to 11 minutes for the average person.  Both groups only watch two-thirds of the traditional TV of the average person.
  • While tablets make up a fraction of the total video-capable devices out there, people watch a ton of video on them: 3.5 percent of all online video around the world is watched on them, while 4.5 percent of videos are watched on the far more prevalent smartphones.
  • Tablet viewers watch longer videos (63 percent of their time was spent on videos 10 minutes or longer), and their viewing patterns are close to broadcast TV, making them easier to target for advertisers and broadcasters who know the ins-and-outs of TV best.
  • People who own tablets make video a huge part of it.  It’s one of the top 10 activities they use a tablet for, which can’t be said of smartphones (comScore).  These tablet owners are more likely to cut the cord, or never bother with traditional TV in the first place (Morgan Stanley).  The conversion rates on the ads are much higher than on smartphones.  BI Intelligence cites the Deloitte “State of the Media Democracy Survey” when mentioning that, for the age group of 14-23, watching TV shows on a tablet rivals the time spent watching DVDs and Blu-Rays.  25 percent of the group watch TV shows every day or weekly on tablets.
  • Finally, tablet owners watch 6.7 hours of video content a week, as opposed to non-tablet owners, who watch 5.5 hours (courtesy of Motorola).

The whole point?  With $520 million (13 percent) of the entire ad market devoted to mobile video, finding these tablet owners, who skew younger and voraciously consume video is important.

Source: Mobile Video Viewing on the Rise: Why It Matters [Study]

Survey of Economists Finds Fears of New Bubble | Bedford Corners NY Real Estate

More than 100 forecasters in a national survey said they expect the home values to reach an average of 5.4 percent year-over-year and that current Federal Reserve policies post some risk of re-inflating the housing bubble.

In the survey of 105 economists, real estate experts and investment and market strategists, panelists said they expected median U.S. home values to rise to $165,280, on average, by the end of 2013. At the end of 2012, the U.S. Zillow Home Value Index stood at $156,800.  The survey was sponsored by Zillow and is conducted quarterly by Pulsenomics LLC.

In the survey conducted in late February and early March, respondents said they expected average home value growth of just 4.6 percent in 2013. Looking forward, respondents predicted average home value appreciation of 4.4 percent in 2014, up from prior expectations of 4.2 percent.

While panelists were more bullish on near-term home value appreciation this year and into 2014, their expectations for nationwide home value growth in 2015, 2016 and 2017 were slightly more pessimistic than in prior surveys. On average, panelists said they expect annual home value growth between 3.5 percent and 3.7 percent from 2015 through 2017, down modestly from previously expressed expectations in the 3.6 percent to 3.8 percent range. Cumulatively, survey respondents predicted home values to rise 22.3 percent, on average, through 2017.

New problem loans drop to lowest level in 6 years | Bedford Corners NY Homes

As the market continues to march towards a recovery, the rate of loans that were at least 60 days late but current six months ago fell in March to its lowest level in six years, according to a report released by Lender Processing Services (LPS).

At 0.84 percent, the rate of “new problem loans” dropped below 1 percent for the first time since May of 2007, edging closer to pre-crisis levels, like those of 2004 and 2005, when rates averaged around 0.55 percent.

The report also found that the number of homeowners who are underwater has dropped dramatically since the depths of the housing crisis. In January of this year, 9 million people had negative equity in their homes, down from a peak of 17 million in January of 2011, LPS said.

On an annual basis, the number of loans with negative equity had plummeted by 41 percent as of January, LPS said.

www.inman.com/wire

‘Baywatch’ Days Remembered as David Hasselhoff Sells Longtime Home | Bedford Corners NY Real Estate

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Source: IMDb

Source: IMDb

David Hasselhoff has finally sold his longtime Encino, CA home for $3.549 million, but the question remains: Did the buyer snag any “Baywatch” memorabilia when closing the deal?

The actor’s home hit the market in November 2012 for $3.795 million. In addition to 5 bedrooms and 5.5 baths, the estate features a “pub room” where Hasselhoff proudly showcased awards, photographs, albums from his singing career and remnants of his famed “Baywatch” days.

The home also boasts maid’s quarters, a sunroom, pool with waterfall, chef’s kitchen and a wood-paneled library.

Hasselhoff purchased the property from actor John Goodman in March 1996 for $1.98 million. Since his “Baywatch” days,  he’s been seen performing on season 11 of “Dancing with the Stars” and judging “America’s Got Talent.”

 

http://www.zillowblog.com/2013-05-03