Less than 1% of all leases can be tracked to social media marketing efforts. Of course, those leases are signed by companies to actually do social media marketing.
Yet, if you’re not talking about Twitter, Facebook, or “social media”, it’s hard to be heard.
The marketing tool with the highest potential for property managers is mobile marketing, which seems to have suffered from the greatest buzz kill of all. For the point of this discussion, let’s just think of mobile marketing as the use of SMS (text messages) to deliver a message to your audience.
Why does Mobile Marketing matter? According to Nielsen’s Mobile Advertising Report, over 78 million U.S. mobile subscribers have been exposed to mobile advertising. The report states that users send “an average of 357 text-messages per month, compared with 204 phone calls” and that text messaging alone has increased by 351%. Between the ages of 25-34, that translates to an average of 331 texts sent and received in one month. For teenagers, that number jumps to a whopping 1,742, in case you’re wondering what your 14-year-old is up to right now. The study also mentions the short code marketing to this audience, in which abbreviated phone numbers are used to offer services or information to anyone who texts to these numbers.
So, how can the multifamily industry use Mobile Marketing? Here are a few ideas:
There are many services to help you get started, including 84444.com which is run by a team based in suburban Philadelphia familiar with multifamily market (e.g. they provide the mobile services on apartments.com).
Even I am guilty of having caught Social Marketing Fever, but let’s not forget to consider the other new possibilities to improve our marketing programs, including Mobile Marketing!
Sources: http://en-us.nielsen.com/main/insights/consumer_insight/issue_12/flying_fingers
photo credit: http://everystockphoto.com/photo.php?imageId=315422