Property Centric Multifamily Blog
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Archive for January, 2009


Posted on January 30th, 2009. About Brand Management, Social Networking, Web 2.0.

When you’re looking to purchase, what mechanisms drive your opinion and finally form your decision? As media changes, so do the channels that we rely on for information and the weight we give to those channels.

Word-of-mouth has always been a major influencer, with friends and family topping the trusted list. But it is the advice from strangers with experience in what we’re seeking that has nearly doubled in value in the past 10 years.

Other influentials include teachers, religious leaders and then media such as newspapers, magazines, radio personalities, TV news reporters, followed by bloggers, advertising and finally, telemarketers (from eMarketer’s chart, “Trusted Sources of Information according to US Consumers, 1997 & 2007″). But a revolution is well under way: we now trust the opinions of strangers whose material we read or view online as much as our friends!

So when did strangers become such a heavy influencer of our decisions? The boom of social media has given us access to billions of ratings, reviews, videos, blogs and micro-blogs, from people we don’t personally know. This state of affairs has been referred to as the “democratization of influence to the masses.”  This is a serious call-to-action for all marketers. Social media is now key in our hierarchical decision-making processes and must be recognized as a tool to meet your audience on the new communication grounds.

So how do we come to trust Stranger X’s opinion more than Stranger Y and Z? What strangers have to say is obviously important, but perhaps as important is strangers’ ability to identify with us that makes the difference. As we look at avatars, read profiles, skim comments and blogs and view video clips, we look for clues that help us decide whether this is an opinion we’d trust. It might be abstract, but it’s the little things that influence whether we identify with that someone in one way or another.

It might be their work or life experience, notoriety, social life, family situation, appearance, personality or their style of communication that help form our “online” opinion of these strangers. As we gather those clues, we filter them through our own prisms of experience and knowledge. Does their opinion add up? Can we supplement our knowledge base with the views expressed by Stranger X? We’ll count or discount these influencing factors, and move onto the next review, comment, tweet, chat message, email or video until we’ve reached our own decision-making comfort level. And, we’ll add in a dash of traditional media opinion if applicable, and wrap it all up into our defendable decision.

You may be a little ahead or a little behind this curve, but the reality remains that the opinion of the masses is increasingly important in our lives. Its wise to join the conversation but don’t jump in without some preparation.  Transparency and good user experience are essential ingredients if your goal is successful viral marketing. Consumers want to know what makes your company tick, they want to see the faces behind the image and most importantly, they want a great product or service.

Post by Jennifer Gosse.




A new shopping behavioral trend has emerged in recent months: the info shopper. Fiscal responsibility is top of mind and whether we need or want something, we’re going to pour over the details before we spend our hard-earned cash.

Even offline purchases are scrutinized these days. People are increasingly suspect of TV ads, particularly frustrated with the lack of critical decision-making information available via the traditional format. Consumers are pursuing their curiosities online, learning a lot and gaining confidence throughout the process. 92% of respondents to a recent survey by Penn, Scoen and Berland have more confidence in the information they glean rather than in store clerks or other sources. Cars, homes, computers and medical care are top info-seeking areas, with 4 out of 5 shoppers gathering data online before buying.

As is usually the case, consumer behavior is changing more rapidly than marketers of products. People want full disclosure upfront. Dyson’s model of sharing the secret of their unique products with customers builds trust and increases loyalty.But many companies fail to divulge details that have become necessary for consumers to even consider buying their products.

The trend manifests in everything from big ticket items to daily personal care products. For instance, instead of just buying the same shampoo they’ve always purchased, people want to know whether it will work well with their hair type, color, whether the plastic is recyclable, what the ingredients are and what other shoppers think of the shampoo. Trivial information perhaps to some, but important to others who care more about value then ever before. After all, why waste money on a purchase that isn’t in the good to excellent category when better buying decisions are a few clicks away?

Well-informed decisions are now a right, not a luxury. That’s why aggregator and search sites will become more valuable, as they mash-up content from reviews,  manufacturers and press, giving buyers more of an unbiased story from which they can draw their own conclusions.

Post by Jennifer Gosse.



Posted on January 2nd, 2009. About Online Advertising, Paid Search, ROI, Search Industry.

SEOptimise’s blog, “Five online marketing New Year’s resolutions” provides 5 healthy reminders for your 2009 resolutions, especially if you’re still not optimizing your online marketing potential via search engine marketing (SEM) and search engine optimization (SEO).

Resolutions include: set a budget, start a blog, focus on your audience, seek experts (especially wnen you don’t exactly know what to do or where to start), and be personable (build relationships, don’t toot your brand’s horn).

Don’t let fear of failure or of the unknown daunt your marketing resolutions. Sure, there are significant changes in the economy, consumer behavior and online marketing techniques. While our realities are undergoing constant evolution, there are certain SEO truisms that still reign supreme, such as: lots of relevant, keyword-rich content, great inbound links and proper site architecture and formatting.

Focus on the basics, put forth a plan and just take the first steps. A little action, even if imperfect, is better than procrastinating for a better quarter, bigger budgets, or more stable economy. Go forth and resolve to better position your site in 2009!

Post by David Gosse.