Tag Archives: Katonah NY
Blogging Isn’t a Numbers Game: It’s a People Game | Katonah NY Real Estate
Housing Prices and Income Inequality | Katonah NY Homes
Why is the gap between rich and poor in America yawning ever wider?
The issue is urgent. As my colleague Annie Lowrey writes, there is growing evidence that income inequality impedes economic growth.
And one interesting explanation boils down to the high price of housing.
A recent paper by researchers at Harvard University argues that the prohibitive cost of living in the areas with the greatest economic opportunities has forced low-wage workers to migrate instead to areas with inferior opportunities.
“The best places for low- and high-skilled workers used to be the same places: California, Maryland, New York,” said Peter Ganong, a doctoral student in economics, who wrote the paper with Daniel Shoag, a professor of public policy. “Now low-skilled workers can no longer afford to move to the high-wage places.”
In this account, people aren’t moving to the Sun Belt because they want to live there. They are moving because they can’t afford to live in Boston. And the result isn’t just second-best for them; it also slows the pace of economic growth.
Basically, the economy works best when people can move where their skills are most valued. But for low-skill workers, the high price of housing means the cost of living in those places often exceeds the benefits of working there.
The trends are beautifully illustrated by three time-lapse graphics.
The first shows that average incomes by state converged between 1880 and 1980 as low-skilled workers moved to wealthier states. The second shows the pattern of migration, which has changed significantly over the last 30 years.
The third shows the increase in land-use regulations in rich states.
And here’s the crucial point: It doesn’t have to be this way. High housing prices are the result of public policies that discourage new development. Those policies are generally embraced by the residents of wealthy areas, who benefit, at least in the short term, from restrictions on the supply of new housing. But this paper is one more reason to worry about the long-term economic consequences.
Katonah Real Estate | How to Use Social Media to Close More Deals without Being a Pushy Salesperson
C’mon folks it’s 2012, the days of being able to close on most sales transactions with the style of a pushy used car salesman, are gone. That window closed over a year ago.
Not that you can’t still close people, but the residual factor is usually gone when you use this approach. We now have to consider the “Life Time Value” [LTV] of each prospect we come across.
The reason is simply because of social media. Thanks to thought leaders like Mark Zuckerberg, the whole way that we perceive salespeople and marketing tactics, is changing at a rapid pace. Plus now we have a way to stay connected and engaged with our clients/prospects in a seemingly real way. It’s every salesperson’s goal to be the first person your past clients think of when they are ready to buy your product and services again.
Thanks to social media you can make that happen. You just have to be cool about it.
Social is Visual
We are becoming more visually stimulated beings. We want to look at content with infographics. We want to look at facebook posts with pictures.
On a side note: I think it is all Pinterest’s fault. Things that really stand out and are aesthetically pleasing to our eyes are the only things that matter these days. It’s no longer a world were cold hard sales calls full of feature dumping, are the most effective way of marketing.
Matter of fact they are the least effective.
Is Email Effective?
Let’s talk about the variety of ways you can stay in touch with your past, present and future clients. First up, let’s look at email. Email is no longer considered one of the highest influential ways to market. The truth is, that the average email open rate is only 12%. Don’t EVEN allow me to go there on direct mail. Most of it gets thrown away, and only 7% of direct-mailers actually show a positive ROI.
Even traditional media is becoming less and less influential. (unless you’re in politics) Only 16% of all TV and Radio marketing campaigns yield a positive ROI. Now, don’t get me wrong. If you are doing these things, you are good at them and getting above average results, DON’T STOP. Always keep doing what works.
Solve Problems Rather than “Selling”
What these numbers tell us, is that our audience is getting smarter. They’re getting more hip to the same old sales pitches. The marketplace is demanding for someone to listen to them. Someone to give them transparency in marketing. Someone to show them where their pain actually is, and then cure that pain. You need to step into that space, and step out of being an old school pushy salesperson.
You are now responsible for being THE expert consultant, with a much needed solution to their big a$$ problem. It’s at this point when your sphere of influence becomes a buyer from you. It’s at that point that you become a “Closer”, the sales equivalent of a “Made (Wo)Man” It’s that plain and simple.
So you might ask “That’s all fine and cool, but how do I go about doing that?”
My answer to you is simple. “Follow the steps below.”
Step 1: Listen to your audience.
How do you listen to your audience with out physically talking to them? The best way to listen to your audience, without having to pick up phone and have a conversation with them, or without having to really get to know them better is to stalk them online. Take a look at their Facebook page. Take a look at their Twitter, their LinkedIn page, find out the things that they’re saying. Actually read their posts. Look at their pictures and familiarize yourself with their online character. Chances are, what they care about on SM and in life are usually the same.
See if your prospects talk about their family life. See if they are into sports. Look and see how often they post about their business. This gives you instant ammo to start a conversation that they also WANT to have. With a little finesse, you will have them telling you what you need to hear in order to close the deal.
Step 2: Connect and engage with your audience.
We all know that it takes seven touches in order to influence an individual and for them to become familiar with you. We also know that people buy from people they know like and trust. With these things in mind the easiest, fastest, and most influential way to accomplish the seven touches you need, can be done easily via social media.
- The first touch comes from the prospect seeing your post.
- The second touch comes from when they like or comment on your post.
- The third touch comes from you @taggging them in your response comment.
- The fourth touch is a gimme, everyone likes to see their name written and hear it spoken.
- The fifth is when almost all SM sites automatically send an email when you mention them, retweet them or whatever.
- The sixth and seventh are when you keep the conversation going by keeping the comments engaging.
Remember this: Statements end in a period. To really engage your sentences should end in question marks. There’s the six and seven touches that you need accomplish to immediately gain influence and familiarity with your audience. this compels them to buy from you, without you having to jam features and verbally vomit why they should be buying from you.
Let them come to you and say “this is why I’m with you, it’s because of your expertise.”
Step 3: Question the confession
So what does question the confession actually mean? Well first off, that’s my saying. I believe you have to ask the right questions to make a sale. Too often times salespeople try to tell tell tell tell tell tell tell. If I’m constantly just telling you stuff/features, and even if you’re listening, you’re only trying to convince them of something you’re not closing,
A true closer is waiting for the prospect to talk about the bad. Many times we are on sales calls and listening but to only the good things. Who cares about good things? If things were good, you would not be talking. You poke around and ask the hard questions. The ones that make them uncomfortable and realize they need improvement. Then once they tell you what that pain is, you tell them you can make that pain go away. Easy, simple and a lot less words and energy.
The Sales Conversation
One more thing you must know though. There’s a big difference between just a conversation, and a SALES conversation. A conversation is someone that you’re just talking to about your business, and has no inclination of buying your stuff, and is not even remotely interested in your services. A sales conversation is knowing you have someone on the line that has the ability to buy your product. A sales conversation is with someone who can significantly and immediately benefit from what you have. So now with that being clear…
Ask More Questions
So we are having a sales conversation, then what? Turn that conversation over completely to them. You ask short questions, they give long answers. If their answers are short, ask more/better questions. This requires a great deal of patience. In the end, they will have told you what they are good at and if you are good, they will have told you what they are bad at. It’s at that very moment you offer the solution you know will fix the problem. If they show resistance your response is simply “but you did say that you [insert what they said here]” it is at that point they usually say “you’re right, thank you, let’s do this”
Three simple steps you can use to convert social media friends into great customers that you know and like working with. Try it. it is not easy, but it is simple. If you will simply have a little patience and wait for them to tell it, you can SELL IT!
Guest Author: Ryan Stewman from Hardcorecloser.com
Want to Learn How to Market Your Business and Brand on Social Networks?
My book – Blogging the Smart Way “How to Create and Market a Killer Blog with Social Media” – will show you how.
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.
I also reveal the tactics I used to grow my Twitter followers to over 115,000.
You can download and read it now.
87
in Share
Investment Buyers ‘flocked To US Property’ | Katonah Realtor
Katonah Real Estate | Wells Fargo mortgage originations grow, profit climbs
Mega bank Wells Fargo & Co. ($33.68 -0.57%) posted a third-quarter profit of $4.9 billion, or 88 cents a share, up from $4.6 billion, or 82 cents a share, last year.
The company’s profit grew as the loans in its portfolio rose another $11.9 billion, driven by the firm’s mortgage and deposit businesses.
Mortgage lending alone became more robust with $139 billion in mortgage originations recorded at Wells Fargo during the period, up from $131 billion in the prior period. Applications, on the other hand, fell to $188 billion compared to $208 billion in the last quarter.
The total residential mortgage servicing portfolio reached $1.9 trillion during the period.
“Through the efforts of our more than 265,000 team members, we’ve now achieved six consecutive quarters of record net income and EPS,” said Wells Fargo chairman and CEO John Stumpf. “By focusing on earning all of our customers’ business and providing outstanding service, we continued to generate growth across our diversified set of businesses. In the third quarter, core loans grew by $11.9 billion and we saw continued strength in our mortgage and deposit businesses.”
Growth stemming from asset management, commercial mortgage servicing, lending and the real estate capital markets also contributed to Wells Fargo’s third-quarter revenue. The bank’s revenue hit $21.2 billion, down slightly from $21.3 billion in the second quarter.
via housingwire.com
4 Elements of a Digital Marketing Roadmap | Katonah NY Real Estate
A digital marketing plan needs a roadmap. At Find and Convert, we create roadmaps for each client engagement to serve as a Plan of Action (POA). Each POA contains four primary elements, which get further defined in the roadmap according to each client’s unique digital marketing plan.
Web Assets
A digital marketing strategy is made up of digital assets. Think in terms of real estate assets. However, in this context we’re working with digital destinations. The company website is nearly always the mother web asset or target digital destination. The company website is where you describe who you are as a business (your products/services), what problems you solve (your value proposition), for whom you solve them (your target customer segments) and how you solve them (your distribution channels).
In the web assets element of the POA we audit the website’s architecture so that technical issues which may exist get identified and corrected. We execute keyword and persona research to develop the SEO strategy. We also develop a pay-per-click (PPC) search engine marketing plan, and the accompanying landing pages. The analytics key-performance-indicators (KPIs) get established, along with the measurement criteria and frequency of metrics reporting.
There are two aspects of planning web assets in a digital marketing plan. There is the up front planning, even for existing web assets such as the current website. And, there is the ongoing maintenance and updates of web assets. Web assets need to be updated regularly for technology reasons and for content reasons. And, speaking of content….
Content Strategy
The content marketing strategy is a parallel effort in the POA. Of course, content marketing is also a long term plan. Content which is determined to be relevant to the SEO strategy and is available on the website undergoes a review and optimization process. This can take months (usually between 1 and 6 months). Additionally, a dynamic content strategy usually anchored in a blog is also developed to bolster the SEO value of the web assets. New content also serves the important purpose of delivering a relevant user experience.
The content strategy serves two masters: 1) Google (and Bing) is one master because being found in a search query for relevant keywords is very desirable. 2) It’s also very important to create relevant content that will be consumed and shared by your target audience. The content strategy is the fuel that makes the engine (web assets) valuable.
Social Channel Strategy
Social media is a channel of engagement and distribution for content. Whether it’s Facebook, Twitter, LinkedIn, Google+, YouTube, Pinterest or Instagram each social destination serves the purpose of human engagement with relevant people who have interest in your content. The social marketing strategy is defined according to the customer segmentation strategy (customer personas) and the content strategy. This approach to a social strategy is the dog wagging the tail. A lack of persona definition and content plan results in a tail wagging the dog approach. It simply doesn’t work. Unfortunately, many businesses do it this way.








