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How to build a marketing program around video | Chappaqua Realtor

Matt Singer, co-founder and CEO of VideoliciousMatt Singer, co-founder and CEO of Videolicious

Before co-founding video creation software company Videolicious, CEO Matt Singer cut his teeth in sales on QVC’s home shopping channel.

There, he was amazed at the power of video to drive sales. He wondered why everybody didn’t use video.

“The answer is video can be challenging to make, it can be expensive, it can be time-consuming,” Singer said.

Video used to be the purview of feature film professionals skilled in handling manual, technically-advanced video cameras — not the busy real estate agent who wanted to make a one-minute listing video, he said.

Then came mobile devices.

“Now, just about everybody has a video camera in their iPhone, iPad or Android device,” Singer said. “That’s a real sea change for real estate agents to be able to create their own video.”

Evolving technology has solved that critical first step for agents — access to equipment that’s easy to use — but Singer also wants to use technology to help agents gain the confidence to actually make their own videos.

He hopes to do just that at Real Estate Connect New York City, which runs Jan. 16-18 at the Grand Hyatt New York. He and two other panelists will conduct a live demo showing how to produce quality video from a smartphone.

“More and more, there’s affordable, fast, good-looking ways to make video and we’re going to provide it to people on stage,” Singer said.

The other panelists will be Mark Passerby, CEO and founder of HDhat, a company that edits real estate video and manufacturers devices that improve the photo and video quality of smartphones and tablets, and Andreas Klavehn, director of multimedia devices at Carl Zeiss AG, a company that makes photo and video lenses, among other optics-focused products.

Before founding HDhat, Passerby worked at Lansing, Mich.-based Re/Max Real Estate Professions as the firm’s information technology (IT) and marketing director. While there, he developed a broker-provided full-motion video tour service for the firm’s more than 70 agents. His interest in video eventually lead him to found HDhat in February 2008.

Klavehn worked as senior marketing manager of IT at Samsung Electronics before joining Carl Zeiss in October 2007 to help launch the company’s multimedia devices division. He spearheaded the recent release of the company’s cinemizer OLED multimedia glasses, which allow users to view 3-D video from mobile devices.

After graduating from Yale University as a music major, Singer founded a media production company, Dawn Treader Productions Inc. At first he supported the company as a professional blues guitarist. Eventually, though, he sold more than half a million CDs and DVDs through QVC.

One of his first media products was a benefit album for the American Cancer Society that featured Paul McCartney, Billy Joel, Ray Charles, and The New York Philharmonic, among other notables. He also produced PBS TV specials — several of which were narrated by George Clooney — and a Christmas special narrated by James Earl Jones.

“I wanted to create media products that would connect with people emotionally,” Singer said.

Those TV specials were also pledge drive specials, which got him on the path toward creating effective video — video that tries to encourage people to do something, he said.

“I try to incorporate that into Videolicious, to create video that sells,” Singer said.

There are two elements of effective video, Singer said: what you film and what you say. Singer elaborated on these two elements in a two-part series in Inman News in September.

In general, he advises real estate agents to create short video clips of a house, rather than one long walk-through.

“If you put (segments) together, that’s much more in line with what people are used to watching,” Singer said.

In terms of what to say, he suggests agents turn up their energy level to look normal.

“The camera sucks the life out of people,” he said.

And instead of describing what viewers are already seeing, try talking about use cases or offering historical expertise, such as “these floors were first designed in 1849 by a British architect,” Singer said.

“It will be interesting to watch and reflect positively on you,” he said.

Delivery is also important. At QVC, Singer learned a video style known as “the backyard fence sale.”

Imagine you’re grilling something in your backyard, Singer said, and a neighbor asks you about the new grilling gadget you’re holding. Generally, one wouldn’t respond with a hard, scripted sell, but give a friendly explanation meant to convey useful information and give an honest judgement about the product, he said.

“Being down to earth and speaking in your natural voice, being a credible expert — these are all things that translate very well to real estate,” Singer said.

“That expertise and the credibility and helping people understand the opportunities (presented by a product) — those are natural selling techniques that agents already use.”

QVC is really not a hard sell, but rather an expertise sell, he said. While people may not like watching TV commercials, they do like watching talk shows or instructional shows where they believe they’re getting good information, he added.

And the bigger the price tag, the more important it is to use the backyard fence sale style, Singer said.

“If they trust what the agent’s telling them, if they’re getting good information and trust that they’re getting good information, it can be very effective,” he said.

Video provides two levels of value: informational and emotional, Singer said. It is much better than photos at showing what a home is like and explaining what it would be like to live there, he said.

Also, “you can make a much deeper emotional connection with a video,” he said.

Video can help an agent build trust with prospective clients, show off his or her likability, and make people want to work with the agent even if they don’t like the particular home featured in the video.

“You can build business down the road. It’s a unique opportunity to let people get to know you. You really can’t do that with a picture or a text; you can with a video,” Singer said.

One of his favorite Videolicious videos is a property tour of the Barclay Mansion in New York City created by Rubicon Property.

The agent narrating the video notes that Libyan leader Moammar Gadhafi tried to rent the property the last time it went on the market. “We politely declined,” he said.

Video is not just for listings; it can be part of an entire marketing campaign, Singer said — neighborhood tours, agent profiles, open house marketing. He recommended testimonials in particular.

“On QVC those were incredibly effective,” Singer said. “We called them T-calls. Sales would go through the roof when someone calls in and talks honestly about something. For real estate agents, they can do the same thing.”

Singer, 36, co-founded New York City-based Videolicious in 2007. The company started by offering its automatic video creation software VideoSKU to Fortune 500 retailers. The software was initially desktop-based and designed for use in the photo studios of major brands.

“It’s almost QVC style. They can come in and shoot 50 videos in a row,” Singer said.

On Aug. 1, at Real Estate Connect San Francisco, the company rolled out its “complete business platform,” which vastly increased the availability of its software by making it accessible through mobile devices.

“Now it’s mobile-based, which means it’s really available to real estate agents for the first time. It’s basically expanding the technology from outside of the photo studio to a general knowledge worker audience,” Singer said.

“It’s all based on the same core technology. We try to automate the video editing so a video can be completely put together in seconds instead of hours.”

Videolicious offers free personal accounts limited to storage of 20 one-minute videos as well as business accounts of either $5 or $10 per month, depending on features desired. The software has more than 800,000 business and consumer users in more than 100 countries, Singer said. He declined to say what percentage were business users.

“We’re really trying to be the Microsoft Office of video, the PowerPoint of video,” he said. “We’re trying to empower everyone to create more videos, but our business revolves around enabling knowledge workers to create more videos in the workplace.”

One important business lesson he’s learned in the past year is to enhance the company’s offerings based on listening to customers’ specific use cases.

“Every time we let the customer guide us, it’s worked out very well for us. A lot of what the product is today is based on that feedback,” Singer said.

He expects to roll out “some really cool new functions” in the first quarter of 2013.

As far as what technology trends he’s excited about next year, Singer said mobile has been and continues to be revolutionary.

“We are really excited every time new iPhones and Androids and Windows devices come out,” he said.

“The better that the mobile camera gets and the faster these tablets and phones get, the more possible it is for people to do amazing things with video. The quality of the camera and the speed of the device were the limiting factors just a few years ago and now it’s getting better and better every year.”

At work, he and his colleagues make quick videos to show each other design ideas, explain things, blog for their users, and provide support responses.

“Once video becomes as easy as sending an email, it becomes very useful” in a lot of ways, Singer said. “Explaining something in a text is a little more confusing than just showing something in a video.”

In his personal life, he shoots video all the time, he said.

“I love just shooting video for myself. But I have identical twin girls, so I always find a lot of reasons to take video of them,” he said.

As far as other hobbies, Singer said he enjoys taking advantage of New York City and what it has to offer.

“I do love making the most of living here and experiencing the culture and the restaurants and the people,” he said.

Though if he could have one superpower, he’d try to experience the city in another way.

“I think flying would be pretty fun. You could see the world from a different perspective, get places a little faster, and get a little fresh air,” Singer said.

Matt Singer will be a featured speaker at Real Estate Connect New York City, which takes place Jan. 16-18 at the Grand Hyatt New York.

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4 Reasons Why your Facebook Page Sucks | Chappaqua NY Real Estate

It has been one year since you launched your Facebook page and you still have a very low number of likes but most importantly none of your fans are talking about your brand.4 Reasons Why your Facebook Page Sucks

Before I move on, you need to understand that it takes time for your social media investment to realize any return; this is why I intentionally said, one year. Investing in social media, as in any other field, requires patience and long term thinking. Anything that is worthwhile takes time to build and growing tribes and followers on social networks and creating community takes time. One way to think of it is like building a house…”one brick at a time“. In the case of social media it is one piece of content at a time.

So, in other words, your Facebook page sucks and there are many out there that really do.

So, here are 4 reasons why your Facebook page sucks:

1. No social media strategy

What is the goal of your Facebook page? Get more likes? Increase brand awareness? Increase sales? Actually, it can consist of all these goals; however, you need to be very clear. This will help you determine the tools and tactics you need to use in order to achieve your goals. Do not just launch a Facebook page because your competitors have one. A key factor to a successful social media strategy is having the right resources available, so make sure you have everything you need to make things happen.

2. No updated content

Make no mistake here, the only reason people visit a Facebook page is because of its content. If you do not post anything, none will visit your Facebook page. We live in a very fast moving word where yesterday’s news is outdated content. Post content very often, if possible once a day. In fact 3-4 times per day is better.

There is no sort cut on this.

3. Your content is boring

When you own a restaurant, make sure you post content related to food, drinks and entertainment and not only your latest promotions. When people come to your page, they are looking for interesting and fun content:

  • They want to see what your new menu is
  • New dishes you recommend
  • Teach them how to cook one of your dishes
  • Tell them where to find other great food within your city
  • Ask for customers to leave a review
  • Show them a video on how you prepare your flag dish

In other words, the content must be relevant to your business and most importantly engaging and exciting. This does not mean that you should never post any special promotions or deals, however, do it moderately and collect feedback on what your fans really want to see.

4. You do not post any photos

The Facebook timeline is focusing entirely on visual content; hence, if you decide to keep posting long text messages, none will read them. Invest in getting high quality pictures that attract attention, it is human nature to stumble upon great visual content. There are plenty of tools available to help you edit your pictures and make them look appealing.

If you are doing any of these 4 mistakes, you need to take immediate action. Decide what you social media goals are, format a plan and execute.

Guest Author: Ilias Chelidonis blogs at Thewebcitizen.com, a few times web entrepreneur and passionate about Social Media and Online Marketing. You can follow Ilias @thewebcitizen

 

Want to Learn How to Market with Social Media to Promote Your Brand?

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It is now available to download. I show you how to create and build a blog that rocks and grow tribes, fans and followers on social networks such as Twitter and Facebook. It also includes dozens of tips to create contagious content that begs to be shared and tempts people to link to your website and blog.

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Short Sales Overtook REO Sales in Q3 | Chappaqua Real Estate

For the first time ever, sales of properties in some stage of foreclosure (pre-foreclosure sales) outnumbered sales of bank-owned properties (REO) in the third quarter, as short sales continue to gain market share at the expense of REO and sales of completed foreclosures at auction.

Pre-foreclosure sales, largely short sales, increased 22 percent from the second quarter and were also up 22 percent from the third quarter of 2011, while the average sales price decreased 3 percent from the previous quarter and was down 5 percent from a year ago, according to RealtyTrac. A total of 98,125 pre-foreclosure sales occurred during the quarter compared to a total of 94,934 REO sales.

By contrast, REO sales increased 19 percent from the previous quarter but were still down 20 percent from the third quarter of 2011. A total of 193,059 U.S. properties in some stage of foreclosure or bank-owned (REO) were sold during the third quarter, an increase of 21 percent from the previous quarter, but still down 3 percent from the third quarter of 2011. Foreclosure-related sales accounted for 19 percent of all U.S. residential sales during the third quarter – down from 20 percent in the previous quarter but the same level as in the third quarter of 2011.

Pre-foreclosure properties sold for an average price of $191,025 in the third quarter, down 3 percent from the second quarter and down 5 percent from the third quarter of 2011. The average sales price of a pre-foreclosure residential property in the third quarter was 27 percent below the average sales price of a non-foreclosure residential property, up from a 25 percent discount in the previous quarter and a 19 percent discount in the third quarter of 2011.

The average REO sales price decreased 7 percent from the previous quarter but was still up 7 percent from the third quarter of 2011. REOs sold for an average price of $161,954 in the third quarter, down 7 percent from the second quarter but up 7 percent from the third quarter of 2011. The average sales price of a bank-owned home in the third quarter was 38 percent below the average price of a non-foreclosure home, up from a 33 percent discount in the second quarter but down from a 39 percent discount in the third quarter of 2011.

Homes in foreclosure or bank owned sold at an average price that was 32 percent below the average price of a home not in foreclosure, up from a 29 percent discount in the second quarter and a 31 percent discount in the third quarter of 2011.

Short sales of properties not in the foreclosure process increased 15 percent from the previous quarter and were up 17 percent from the third quarter of 2011. These non-foreclosure short sales accounted for an estimated 22 percent of all residential sales, bringing the total distressed sale share to an estimated 41 percent for the quarter. Non-foreclosure short sales prices in the third quarter fell short of the total amount of loans outstanding by an average of $82,312 per short sale. For all short sales, including non-foreclosure and in-foreclosure properties, the sales price was short of combined loan amounts by average of $94,896 per short sale.

“The shift toward earlier disposition of distressed properties continued in the third quarter as both lenders and at-risk homeowners are realizing that short sales are often a better alternative than foreclosure,” said Daren Blomquist, vice president of RealtyTrac. “However, the scheduled expiration of the Mortgage Forgiveness Debt Relief Act at the end of this year could stifle this trend toward short sales. If that law expires as scheduled, homeowners who agree to a short sale could see their income tax jump significantly because the portion of the unpaid loan balance not covered by the short sale proceeds will be considered taxable income in many cases.

Pre-foreclosure homes that sold in the third quarter took an average of 359 days to sell after starting the foreclosure process, up from an average of 319 days in the previous quarter and up from an average of 318 days in the third quarter of 2011.

Third parties purchased a total of 94,934 bank-owned (REO) residential properties in the third quarter, an increase of 19 percent from the previous quarter but down 20 percent from the third quarter of 2011. REO sales accounted for 10 percent of all residential sales during the quarter, the same as in the second quarter but down from 11 percent of sales in the third quarter of 2011.

Separately, Lender Processing Services reported yesterday that foreclosure starts declined significantly foreclosure starts over the last two months – down 21.9 percent in October and almost 48 percent on a year-over-year basis – leading to a nearly 7 percent drop in overall foreclosure inventory.

“LPS observed a drop-off in foreclosure starts in September that accelerated in October,” Blecher said. “This decline coincided with the implementation of new procedural changes outlined in the National Mortgage Settlement, which requires, among other things, that mortgage servicers provide written notice to borrowers 14 days prior to referring a delinquent loan to a foreclosure attorney. This has resulted in what is likely a temporary slowdown in foreclosure starts that we do not believe is indicative of a longer-term trend. However, we will continue to monitor this activity closely in the coming months.”

The LPS Mortgage Monitor reported that September loan originations were down, likely due to the shortened number of business days in the month. However, prepayment speeds (historically a good indicator of refinance activity) rebounded in October, and as such, LPS expects to see overall origination numbers pick up for that month. LPS also found that mortgage spreads remain elevated, averaging 197 basis points above the 10-Year Treasury rates, with interest rates consistent across all product types.