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How REALTORS ® are using social networking to grow their businesses NET•WORKING Chelsie Foty | MAAR Member Relations & Marketing

Social Networking January 2010

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How REALTORS® are using social networking to grow their businessesNET•WORKING

Chelsie Foty | MAAR Member Relations & Marketing

SOCIAL MEDIA REVOLUTION

http://www.youtube.com/watch?v=sIFYPQjYhv8

BE THE EXPERT. build relationships. connect. share.

BE THE EXPERT. build relationships. connect. share.

PARADIGM SHIFT

“It’s not what you know, but who you know”is now:

“It’s who knows you”

PARADIGM SHIFT

THE BIG THREE

THE BIG THREE

TWITTER

Micro-blogging

140 character “Tweets”

TWITTER

Micro-blogging

140 character “Tweets”

@MPLSREALTORShttp://twitter.com/mplsREALTORS

TWEET WHAT?!http://www.youtube.com/watch?v=P6c7eyFWYIo

Follow others (friends, family, clients, industry leaders, local businesses)

Keep Tweets informative & relevant

Utilize Retweets, Mentions, Hashtags and Links

GROWING YOUR TWITTER NETWORK

LINKED IN

Lend yourself some credibility.

Linked in is a business oriented network with resume-style profiles

Executives from all fortune 500 companies are on LinkedIn

More than 55 million registered users (with a new member joining every second)

Make Connections: maintain a list of the contact details of people you know, respect and trust in the business world.

SO I’M LINKEDIN... NOW WHAT?

Link your public profile to your other social networking sites

Request recommendations from happy clients

Start/manage/participate in a group

Answer questions

Answer questions in the Q & A section

Show your expertise without self-promotion

Facebook is a giant cocktail party.Speak as you would in any other networking scene.

Avoid: “I’m a top producing agent! I have a listing on Main Street

and on 2nd Avenue.”

• #6 U.S. site in terms of traffic

• 350 million active users (November 2009)

• 50% of active users log in to Facebook on a given day

• More than 2/3 of Facebook users are outside of college

• The fastest growing demographic is 35 years old & older

www.facebook.com

FACEBOOK STATS

• Average user has 130 friends and spends more than 55 minutes per day on the site

• More than 35 million users update their status at least once each day

• More than 3.5 billion pieces of content are uploaded each day (links, news stories, blog posts, photos...)

• Business Pages have created more than 5.3 billion fans

• The average user becomes a fan of 2 businesses per month

www.facebook.com

FACEBOOK STATS

US FACEBOOK USERS BY AGE

October 2009www.insidefacebook.com

“SOLVE, DON’T SELL”

status updates: conversation & multimedia

building relationships vs. self promotion

USE MAAR’S TOOLS:POSITION YOURSELF AS THE EXPERT

USE MAAR’S TOOLS:POSITION YOURSELF AS THE EXPERT

Use existing media to grow your social media network

Use existing media to grow your social media network

TWITTER: @MPLSREALTORS

FACEBOOK.COM/MPLSREALTORS

LINKEDIN GROUP: MINNEAPOLIS AREA ASSOCIATION OF REALTORS

FOLLOW MAAR