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Bounce Rates High? Why? | Bedford NY Real Estate

Most bloggers I know want to reduce their bounce rates. Sometimes it can seem as if it doesn’t matter what the bounce rate for a page actually is, we want it to be lower!

Bounce

Image courtesy stock.xchng user ColinBroug

While it’s a stretch to expect we’ll hit a zero bounce rate, for most bloggers, it is worth looking at your bounce rates regularly, and trying to find ways to reduce them where appropriate.

While blogging’s about people—not just numbers—bounce rates can give you hints about the ways individuals are using your blog, and where you can help them out. In this post, I’d like to explain that in a bit more detail.

What is a bounce?

You undoubtedly know what a bounce is—a user who lands on our page from an external source, then leaves our blog without looking at any other pages. It’s a “single pageview” usage of our site.

But what does a bounce mean?

  • Did the reader get what they came for, and leave?
  • Were they disappointed by what they saw on your blog page?
  • Did they arrive at the page expecting to see something else?
  • Is the content current and compelling—and clearly so?
  • Is it clear from a single glance at the page what your blog is, does, and delivers?
  • Are there clear paths from that page to other actions or information that are likely to meet the needs of target users?
  • Are the bouncers regular readers who check out all your posts, so each time they just come to the latest one, read it, and go again>

Understanding the possible reasons for the bounce is an important step in doing something to reduce the bounce rate itself. Let’s look at a case study from ProBlogger to see exactly how the diagnosis of reasons for a high bounce rate can go.

The bounces, and the page

On a usual trawl through the site’s stats one month, I spotted this:

Bounce rate stats

These stats were for a single month. As you can see, this page attracted some good views, and almost 95% of them were from new visitors! But the bounce rate was really high, the time on site low, and the average visit duration? Terrible!

My first thought was to visit the page itself. It didn’t take me long to find a few issues—let’s step through some of the main ones I found (note that I’ve updated the post since, so these items have been addressed on the live page):

  • The opening dated the article. This piece has a publication date of 2008, but even if the new visitors didn’t see that, the opening, which would have been fine at that time, was written when I was a Twitter newbie—not ideal these days!
  • This problem was amplified by the outdated Twitter follower number I’d quoted. I mentioned in the post that I had 5500 followers; now that number’s over 160,000.
  • I’d included a link to Twitip in the opening. This immediately pulled readers through to one of my other sites, which doesn’t generate any income. While the content had been valuable, that site’s a bit dated now, due to a lack of regular updates. It certainly seemed smarter to try to keep these new visitors on problogger.com a bit longer, rather than syphon them off to Twitip.
  • Much of the content in the article itself was dated.
  • The post didn’t provide many links to other great articles we have on topics like Twitter, Facebook, Pinterest, and other social networks, and social network engagement strategies, here at ProBlogger—simply because that information wasn’t available back in 2008 when I’d written the post.

Yep, this page was pretty outdated! But I bet most sites that have been around for a while will probably have a page or two that are in a similar state.

Sources of bouncing traffic

Okay, so I knew I had a problem with the content of the page—and there were plenty of opportunities to improve it. But in order to make the right improvements—improvements that would give me the best chance of reducing that bounce rate by actually meeting individuals’ expectations—I wanted to know what the users were expecting to see when they came to the page. What needs did they have?

So I took a look at the traffic sources for the page:

Traffic sources

This was interesting. For any blog that gets a lot of its new traffic from search engines, you might expect the main traffic source to be Google. And when I first looked at the page in question, I’d imagined that most of the traffic to this page was coming from search and being pulled to Twitip. In fact, the traffic was coming from Twitip.

Understanding how the page is being used

Now I was getting a pretty clear idea of how this page was being used, and why the bounce rate was so high.

Twitip users were following a link from that site to this article. The second paragraph of the post was directing them right back to Twitip. In that case, would they feel that ProBlogger was more of an authority on Twitter than Twitip? Not likely. No wonder the bounce rate was so high!

But, as expected, Google was also among the top three referrers, and that traffic had a bounce rate of more than 90%.

Beyond content

Knowing that this page was being visited mainly by new users, it was worth looking beyond the content itself, to the page’s layout, branding, and design.

This page is laid out in the same way as the others on my blog, many of which—even if they mainly attract new users—don’t have such high bounce rates. This suggests that the layout probably isn’t the problem.

Now, the major call to action—the main point of engagement and interaction—on my blog’s content pages is to comment. Comments had long since closed on this post, so users may have struggled to find their way to other relevant content on the site at the post’s end. I’d included a Further Reading list there, but the articles were no longer current.

Yet, given how outdated the post was, and the tiny average visit duration, I guessed the visitors I was getting probably weren’t making it that far through the post anyway.

Understanding your bounces

As you can see, a little sleuthing can go a long way in helping you to understand the reasons for high bounce rates.

I try not to be thrown into a panic by the numbers alone. When I look a little deeper, I usually hit on more information that can help you take action on the bounces—if indeed that’s what you want.

In the case of this page, we made some tweaks to bring the content up to date an try to draw search traffic more deeply into the site.

But the reality for the high bounce rate from Twitip users is this: Twitip targets a different audience from ProBlogger. While it’s not unlikely that bloggers will read Twitip, that site is at once far more focused (Twitter tips only!) than this one, and more broad (it targets anyone who wants to use Twitter better—which could include casual, social users of the network, right through to online marketers in corporate environments).

So while ProBlogger contains Twitter tips, to try to convert traffic from Twitip into readers of this blog is probably a bit of a challenge. The two audiences want different things. While it was definitely worthwhile updating the ProBlogger post, the Twitip audience, on the whole, probably isn’t going to be interested in what we’re doing over here.

And that’s an important thing to realise: not all bounces are bad, and not all need addressing. Many do and will, and they’re the ones you’re better to spend your time trying to fix. But you won’t be able to work out which ones they are unless you take a few minutes to dig into the facts behind the bounces in the first place—to think about the individual users behind the numbers.

What do you do about your blog’s bounce rates? Have you been able to lower bounce rates through any specific tactics? I’d love to hear your tips in the comments.

Fannie and Freddie becoming ‘wards of the state’? | Bedford NY Realtor

The government’s failure to overhaul mortgage giants Fannie Mae and Freddie Mac is pushing the U.S. toward nationalization of the mortgage market, and would-be homeowners will be the losers if competition between private companies isn’t restored.

That’s according to Jim Millstein, the former Treasury Department official who oversaw the reorganization of American International Group Inc., who thinks the government will have to get into the business of reinsuring mortgages if it wants to restore the private sector’s role in mortgage securitization, and reduce taxpayer exposure to Fannie and Freddie.

Millstein, the Treasury Department’s chief restructuring officer from 2009 to 2011, says neither the Obama administration nor Congress has put forward a workable plan to lift mortgage giants Fannie Mae and Freddie Mac out of conservatorship.

Increasing the fees charged by the companies and taking all of their earnings threatens to make Fannie and Freddie “permanent wards of the state,” Millstein argues in an editorial he co-wrote with Phillip Swagel, a professor at the University of Maryland School of Public Policy.

Millstein and Swagel have proposed legislation that would create a new government reinsurance program, and turn Fannie and Freddie into one of many private “first loss” insurers that would pay into it.

Four years after the takeover of Fannie and Freddie, they say, “the government now backstops 90 percent of all new mortgages and has no plan to reduce its market share, no plan to protect taxpayers against future losses on the trillions of dollars of mortgage credit underwritten since the firms were placed under government control.”

The Treasury Department’s decision to claim Fannie and Freddie’s earnings as dividends is intended to make sure that taxpayers recoup the $141 billion they’re still owed from bailing the companies out (Treasury has invested $187 billion in the companies and received in $46 billion in dividends). But the government’s “cash sweep” prevents Fannie and Freddie from building up capital reserves that would protect taxpayers against potential losses on $4.5 trillion in mortgage guarantees, Millstein and Swagel argue.

In a similar fashion, recent increases in Fannie and Freddie’s guarantee fees mandated by the Federal Housing Finance Agency would seem “sensible and long-overdue,” the two maintain. Fannie and Freddie, they say, “had grossly underpriced the insurance they provided on mortgages before the crisis, putting taxpayers at risk for the bailout that inevitably came and making it difficult for other private companies to compete with them.”

But the fees are still “significantly below” what private companies would charge, and the increases are all going to the government, rather than helping Fannie and Freddie build up capital and reserves.

“With Washington hungry for revenue, there will be inexorable pressure to milk Fannie and Freddie’s guarantee fees to support other government spending,” Millstein and Swagel warn. “The losers will be potential homeowners, as mortgage availability will be determined by government regulators rather than by private firms competing for their business.”

Ironically, they say, the quickest way to get Fannie and Freddie out of conservatorship and restore competition among private firms is for the government to get into the mortgage reinsurance business. Millstein and Swagel envision a system in which private mortgage insurers would take on a growing proportion of the first loss on bad mortgages before government reinsurance would kick in.

Fannie and Freddie would themselves be transformed into private, “first loss” insurers, and forced to compete with other private companies willing to pay the government for reinsurance.

With “strict regulation to ensure that community banks can originate and securitize mortgages on an even playing field with the giant banks,” competition would breed new entrants in mortgage finance. Any of them, including Fannie and Freddie, could fail without the threat of a housing market collapse, Millstein and Swagel maintain.

A government reinsurance program will be a tough sell to conservatives, they acknowledge. But the government, having placed Fannie and Freddie in conservatorship, is already “creeping” toward nationalization of the mortgage market.

A government reinsurance program with private insurers ahead of the government is perhaps the only way, they say, to shrink Fannie and Freddie’s portfolios, reduce taxpayer exposure, and jump start a competitive private market.

“Today, we’re doing massive guarantees through the conservatorships of Fannie and Freddie,” Millstein tells the Wall Street Journal’s Nick Timiraos. “But it’s a ham-fisted, convoluted way of delivering the guarantee. Taxpayers aren’t being protected at all. There’s no capital ahead of us.”

Real estate’s a natural for content marketing | Bedford NY Real Estate

Editor’s note: The following guest perspective is published with permission of 1000Watt Consulting. See the original post, “The broker as publisher.”

By JESSICA SWESEY

We hear a lot about “content marketing” these days. It’s the new black.

In reality, it’s the same stuff great marketing has always consisted of but with a new name. Anyone who’s dabbled in social media is already doing content marketing to some extent.

But something about the term content can be intimidating. It should be. Creating things your audience looks forward to, enjoys and shares with others is tough, sweat-inducing work.

It’s important, though. And worth a second look after the initial knee-jerk reaction many companies have: “We’re not a publisher, we’re a __________.”


Jessica Swesey

Think of this: Red Bull is not a publisher. Neither is Whole Foods, Nike or BMW. Yet each of these brands has gone “all in” with content, resulting in some of the most creative, buzz-worthy marketing out there today. (Click the links to see a content example from each of the brands.)

Why would a car company bother making a documentary? To further brand recognition, establish brand personality, authenticity and ultimately, to be shared on the Web.

Something to share

According to data The Atlantic recently cited in an article about the history of social behavior on the Web, 69 percent of social referrals on many media sites came from places like email and IM. By comparison, 20 percent came from Facebook.

Content is still being shared significantly more outside of Facebook than it is within Facebook.

So not only is content king, it’s the social queen.

The only way to optimize your efforts in attracting that large portion of sharing that happens outside of Facebook is to create great content. In other words, it’s not just about posting to Facebook and Twitter throughout the day, it’s about creating fantastic, unique content that you can share there and more importantly can be shared well beyond the walls of the social network.

Two simple ideas

I’m bullish on content for real estate companies. In an industry plagued with consumer skepticism and reputation problems, a sound approach to content can help create authenticity and authority. It’s a grueling path that, when taken, can lead to consumer trust, social sharing, and business.

While I’d love to see some heavy-hitting creative content campaigns in real estate like Nike’s Better World or BMW’s Activate the Future, it doesn’t have to be this ambitious.

The obvious opportunity for brokers is neighborhood content and real estate “how to.” (Nest Realty does a great job with neighborhood profile pages.) But there are two additional killer content opportunities every broker can access right now: customer testimonials and reviews.

Rather than approach neighborhood content and real estate “how to” as two small aspects of an overall marketing plan, think of them as content opportunities — a chance to tell your story through other people.

Go for authenticity.

Use Red Oak Realty’s client stories as the benchmark for what compelling testimonials can be.

Include full names, detailed stories of exactly what challenges your clients had and how you helped them overcome them. Interview them in their new homes, where they will feel relaxed and excited to talk about the process. Take their pictures.

This is how you create authentic stories that make those who don’t already know you feel more confident in your abilities.

Reviews are another area-rich content vein. But you can’t leave it up to fate. You’ve got to create a process for getting clients to create reviews on third-party sites. You can’t do it for them, but they’re much more likely to actually do it if you make it easy for them and give them a gentle nudge at the end of every closing.

The Good Life Team in Austin does this well, as you can see in the number of recent reviews it has on Google.

Point is: Content is a major player in marketing today and going forward. It’s critical for authenticity, trust, Web traffic and social marketing.

If you’re a broker who’s not thinking like a publisher or feeling like there’s value in doing that, then think about the fact that publishers are already thinking about real estate as content. Look no further than this Chicago Real Estate page on Huffington Post, which features listings (your content) with articles and commentary contributed by Trulia and Zillow.

You have plenty of great content (and publishers want it — bonus!). You just have to start — and commit.

Woman Killed By Car In Bedford Is Identified | Bedford NY Realtor

BEDFORD, N.Y. – The victim of Friday’s fatal pedestrian accident in Bedford has been identified, according to the Office of the Westchester Medical Examiner.

Deborah Seidlitz, 49, was struck and killed by a car shortly before 8 p.m. in front of Truck restaurant at 391 Old Post Road in Bedford.

The Westchester Medical Examiner’s office is conducting the autopsy Saturday.

The incident is still being investigated by the Bedford police.

Check back with The Daily Voice for more on this story.

Mike Wallace’s Central Park Apt. Listed for $20M | Bedford Corners NY Real Estate

Source: theblogismine.com

Mike Wallace was far more than a newsman. One look at his Manhattan apartment reveals the original “60 Minutes” star’s place in the lofty firmament of the celebrity media.

Courtesy of an exclusive from The New York Times, Wallace’s home at 730 Park Ave, New York, NY 10021 has been put up for sale. The price is an even $20 million, which will deliver a 12-room duplex in one of the city’s most grand prewar buildings.

Wallace died earlier this year at age 93, and his wife, Mary Yates, lived at the apartment until her death in September at age 83. According to NY Times writer Robin Finn, the Wallaces opted to meticulously keep the apartment to its original standards instead of gutting the place:

Graciously appointed, No. 15-16A was carved from a 12-room apartment and retains ample architectural detail and charm: the ceilings are high, the grand staircase is curving, French doors connect the library and the master bedroom to terraces on both levels, and elaborate variegated plaster moldings and wood floors accentuate all the principal rooms except the eat-in kitchen, which is floored in vintage cork.

Unlike some other grand spaces at this address, the apartment has seen preservation take precedence over renovation. Modernization has largely been limited to the four and a half baths and the installation of air-conditioning. The monthly maintenance fee is $8,822.”

In addition to the Upper East Side apartment, Wallace was a famous part-time resident of Martha’s Vineyard. A year ago, his waterfront home at 48 Hatch Rd, Vineyard Haven, MA 02568 was sold for $7 million.