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Foursquare and five years ago: Recalling the promise of real estate and social media

By three methods we may learn wisdom: first, by reflection, which is noblest; second, by imitation, which is easiest; and third, by experience, which is the most bitter.”

– Confucious

2005. Social media drifted into real estate like a thick morning fog by way of the Rain City Guide blog. It was published by an unknown author named Dustin Luther, a gifted outsider who knew little about real estate but a whole lot about people, marketing and technology.

At that time, most folks in real estate had never heard of social media or blogging. Of those who did, most drew their understanding from MySpace, considered by many to be a creepy place parents feared.

As a result, most agents didn’t “get it.” In typical fashion, they chose to roll their eyes, fold their arms and discount it all. As usual, the world at large was wrong. They knew better. Most chose to not participate.

I believe that was a good thing.

Floodgates

Reports of Rain City Guide’s traffic grew. As did its ability to promote the agents writing for it. They saw results. Dustin’s reputation grew along with the notion that a blog might not only attract new business – it could well replace older, less productive marketing methods.

And so, crisp from the deep fryer of Web 2.0, blogs surfaced like zits across the face of real estate. Agents took to blogging like young chicks take to flying: lots of flapping, considerable clucking, few ever lifted off. For the most part, these blogs were poorly executed, blindly designed whiteheads of self-indulgent gibberish, sales scripting or outright theft.

The great promise of social media, transparency and connectivity that Dustin envisioned was fast becoming a window into real estate’s dark side.

I believe that wasn’t a good thing.

Tipping point

Realizing that composing 500 lucid words was more arduous than the slingshot advice crowd suggested, most agents traded in their blogs for Facebook and Twitter accounts by 2009. They believed their value proposition could be better served in 140 characters bursts and comments on photos.

It seemed viable. Agents are social people. These are social networks. Perfect fit.

So it seemed.

Agents proceeded with glee, posting what they were doing, what they were thinking, what they were thinking of doing. The few who advised agents to take into account reputation, branding, customer service — the things companies outside of real estate understood – were largely ignored.

After all, why would a consumer ever bother to follow or friend an agent if they didn’t “keep it real” or “get to know them”?

It did not matter. Agents found another receptive audience – each other – using these channels to broadcast meaningless banter that sometimes crossed the line of ethics, common sense and adult, professional behavior.

Some higher ups took notice – to little avail.  Agents continued to wax flatulent. Videos and images of inebriated post-BarCamp folly, arguments, fights and personal attacks ensued.

Social media cast a fun house mirror reflection on an already poorly defined, stereotyped industry.

Social media peeled back an onion layer.

Eyes are tearing now.

I believe this a really sad thing.

Foursquare and…

For the most part, while real estate has seemingly embraced social media by now as a device, its use of it is all wrong – like using an Uzi to pop open a beer can. Look at the tweets, posts and videos from the obstreperous minority who chant social media’s praises and you scratch your head and wonder: what’s really there? A whole bunch of stuff that would be better served by opacity than transparency.

Look, I get it: social media has given agents a great new way to make friends with other agents. I’m down with that. I’m all for the sharing of information. But I wonder whether the visionaries of social media, those who lit the way for those of us who followed, ever imagined these public platforms would become so riddled with name calling, “spanking”, trash talking, and sheer vapidity.

On a recent blog post discussing Foursquare, the new folly for real estate’s social mediaphiles, an agent commented as follows:

My clients want to see me both in a personal and professional perspective. Only showing one side of me is not being true to them or myself. If I’m out for lunch or running to the grocery store in the middle of the day, at least my client and prospective clients know that I am local and just don’t talk the talk.”

This is the sort of delusional thinking that drives agents to spill their guts on social media. You’re a Realtor. Not Waldo. I submit that the only time your client really wants to know where you are is when you aren’t returning their phone calls or emails.

Showing your true side in a professional environment is achieved by doing your job better than your competition. And making the deal happen. And providing the type of customer service that warrants having your face placed on currency. Being true to your customer is not a Foursquare check-in placing you in donut shop that merely beckon viewers to wonder about your diet.

The great promise of social media is out there in faintly lit pin light impressions poking through real estate’s darkness. A great agent blog here, a well-executed corporate Twitter account there. Those who do it right shine through.

The great promise

So here we are, five years after it all started:

  • How many great, highly trafficked real estate agent or broker blogs are out there?
  • How many brokerages have set up a video studio in their office and provided their local audience with ongoing market updates, advice and explanation?
  • How many great real estate-based Flickr accounts exist?
  • How many well-managed Twitter accounts are there in real estate?
  • How many agent-authored Foursquare posts actually help their brand?

The great promise of social media lies in what Dustin introduced five years ago: a well executed local media channel authored by skilled people who devote time to creating quality content that people find useful.

Real estate people are capable of so much. Your hearts pump nectar. Don’t be fooled by social media and all its trappings. Refrain from posting everything. Make what you post count. Every single word you publish, video you film, comment you write, blog you post and tweet you leave can, at any one time, be isolated, taken out of context and turned into a professional liability.

Making friends is nice.

Taking digital marketing, branding, and your reputation seriously is nicer.

This is what I believe.



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53 Responses to “Foursquare and five years ago: Recalling the promise of real estate and social media”

  1. Marc Davison says:

    @Melissa,

    Great points. Thank you. As one who has risen in the ranks of popularity in a short period of time, you bring a welcome nuance to the discussion.

    I agree with you, Bill, Ines and others. For the most part.

    The best part of SM is the ability it provides us to publish our message to the world rather than be dependent on traditional means – reporters, newscasters, PR’s people, advertisers, etc., to do it for us.

    Given this amazing power and its potential reach, there are pitfalls which those who have made media relations their occupation better understand.

    Everyone sure does have the right to post anything that comes into their heads. And clearly what works for one person might not work for another. This goes without saying. But do we disagree on the caveats which advise us to be cautious because these things we publish can haunt us in ways we may often times never know?

    As for experimentation – perhaps in very low doses. I would not advise one who has never drank to start out experimenting with alcohol by pounding 13 shots of Jagermiester then parading around in public. I see the equivalent happening on SM in RE.

    There are enough poor examples of SM gone wrong and some dazzling examples of it done right to gift any agent/broker who is new at this or to those who have been at it awhile but who have been led down the silly path as examples to follow to help lessen the public woodshedding.

    There’s much at stake here IMO. Maybe I’m more cautious than you guys because of the 2 decades I spent in the music business and realize the pitfalls of having everything you say become public record. RE people are, for better or worse, public people. But they aren’t loved like celebrities are and do not have access to great PR people who can work it to cover up their pubic foibles.

    I would not advise RE people to experiment. Especially since it’s so easy to get caught up with the popular SM gangs and try to fit it by engaging in the non sequiturs, and hip hop gansta speak. I believe we all have one shot to come out strong and build from there. It’s best understand the different platforms, pick the one that is right and that meets your skill set and then own it.

    While some things that work for me might not work for others, I really believe there are some things that make darn good sense that work for all of us.

    I also sense we all probably agree on most of these points but each of us offering a slightly different angle on it. That’s what makes this dialogue so powerful.

    “With great power comes great responsibility”… Uncle Ben, Spiderman

  2. David Losh says:

    Dustin made the comment:

    “I’m often shocked at what some agents will make public.”

    Then you said:

    “I find your comments to be considerably unintelligible. Clearly you are trying to make a point albeit mired in incoherence.”

    My point is that Mike Ferry has given more agents a start in Real Estate than all the web 2.0 scams going today. Dustin I’m sure is a fine young man, you might be also, but you are harming consumers who might believe the internet is a resource for home purchases.

  3. Joy Carter says:

    OMG! All I can say is

    T H A N K Y O U for Truth and Poignancy!!! Joy Carter

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