Getting Friendly: Web-savvy Marketing

Web 2.0 brings viral marketing and social networking to multifamily.

6 MIN READ

Currently under construction at kettler.com are two initiatives. One is a game in which site visitors can build their own multifamily development, e-mail it to a friend or upload it to a gallery. Second is the aptly titled “Picture Yourself at the Met,” in which surfers upload a photo of themselves that will then appear as a magnet on a stainless steel refrigerator during a virtual tour of Kettler’s new Metropolitan property. While Howell is evaluating whether Kettler needs to jump full bore into the realm of MySpace by creating a profile, she also wonders if the maintenance involved in seeking out and adding “friends” to increase the popularity of the profile on the network is worth the effort.

Her trepidation might be warranted. “Craigslist and MySpace can have a very grassroots or amateurish perception,” Thompson explains. “That may not be the image you want to project for a $100 [million] to $500 million asset with 24-hour concierge and valet service. That can be a disconnect with the consumer’s decision hierarchy.”

Atkinson, for one, is sold. She says MySpace will eventually feature profile pages for all of Mark-Taylor’s communities. “It will take a bit of time to get them all up and running, but it is a huge focus for us,” she says, adding that her team has practiced by setting up a Mark-Taylor profile on YouTube. “You simply have to participate in these networking sites. It’s where all of our customers are.”

That is, unless those customers are not already making a splash with friends and family at their local Mark-Taylor pool party.


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TAKING THE PLUNGE

  • Don’t be overwhelmed. Using Web technologies and applying them to the sheer number of available social networking sites can seem a daunting task to the uninitiated. Your firm need not maintain a presence on every site, so don’t panic. Most networking sites either provide or allow for templates to ease content uploading for the programming-challenged.
  • Know your space. Most blog servers and social- or community-based networks are self-policing and involve user-defined rules for what is and is not acceptable in terms of listings and communications. Some sites also go to great lengths to preserve a local, grassroots, or independent streak where slick marketing efforts can be viewed as too greedy or too corporate. Make sure your message suits the medium.
  • Know your customer. Large social networks like MySpace cater to a wide demographic that includes everyone from teenagers to thirty-somethings. While most will allow you to hit the echo-boom sweet spot, it could also be a waste of time and marketing dollars to pitch luxury condos with maxed-out amenities to a user demographic consisting primarily of recent college grads.
  • Work it. Navigating the marketing arena of Web 2.0 isn’t any different from when the Internet was first born: You’ve got to provide substance, and you’ve got to refresh it at least once a week, if not daily. Tech-savvy Webizens are looking for the latest and greatest, and they’re not going to forward static and boring content into their e-communities. If you maintain a profile, designate a portion of time for linking up with other users.
  • About the Author

    Chris Wood

    Chris Wood is a freelance writer and former editor of Multifamily Executive and sister publication ProSales.

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