Online Real Estate Technology

Twitter was hit by a bug on Monday that caused users of the micro-blogging service to lose the followers of their accounts.

‘We identified and resolved a bug that permitted a user to ‘force’ other users to follow them,’ Twitter said.

‘We’re now working to rollback all abuse of the bug that took place,’ the San Francisco-based startup said in a blog post.

Twitter’s explanation came after a number of users of the fast-growing short-message service reported that the number of people listed as following their accounts had plummeted to zero.

‘Follower/following numbers are currently at 0; we’re aware and this too should shortly be resolved,’ Twitter said.

Twitter, which allows users to pepper their followers with messages of 140 characters or less, said last month that it has topped 105 million registered users and is adding 300,000 new accounts a day.

Story from Bigpond.com

Facebook and Twitter clearly surpassed all other major social networks in US year-over-year growth during March 2010, according to data from The Nielsen Company.

In March 2010, Facebook reported 117.1 million unique US users at home and work. This represented 69% year-over-year growth from 69.1 million unique US users in March 2009.

While Twitter only reported 20.1 million unique US users in March 2010, this still represented strong 45% year-over-year growth from 13.8 million unique users in March 2009. It is also worth noting that Twitter had a negligible 520,000 unique users in March 2008.

Myspace.com had the second-highest total unique US audience in March 2010 with 42.1 million users. However, this represented a roughly 25% drop from 55.9 million unique users in March 2009. As recently as March 2008, Myspace.com was the undisputed leader among major US social networks, with 61.3 million unique users.

LinkedIn and Classmates Online reported US unique audience declines of 12% and 30%, respectively, between March 2009 and March 2010. LinkedIn’s March 2010 unique audience total of 13.9 million is still almost double its March 2008 total of 7.9 million, while Classmates Online has lost about 15% of its unique audience in that time (13.6 million to 11.5 million, with a bump to 16.4 million in March 2009).

Global SocNet Traffic Dramatically Rises
Globally, more unique users spent far more time on social networks in March 2010 than in March 2009. Unique audience grew about 20% globally, from 261.7 million to 313.7 million. Total global minutes spent on social networks more than doubled, from 55.7 billion to 113.1 billion. Average time spent per user grew about 45%, from three hours, 32 minutes and 49 seconds to six hours and 25 seconds.

SocNet Usage Rises in Feb.
On average, global web users across 10 countries spent roughly five and a half hours on social networks in February 2010, up more than two hours from February 2009, according to previous data from Nielsen. Overall, the active unique audience to social networks grew nearly 30%, from 244.2 million in February 2009 to 314.5 million in February 2010.

Facebook was clearly the most popular social network globally in February 2010. Facebook’s reach extended to 52% of active social network users, and the site averaged 19.16 sessions per person and time spent of five hours and 52 minutes per person.

A new study by Edison Research provides a complex and multi-layered picture of Twitter – along with some interesting data points that suggest it may not be worthwhile for some companies to focus their online marketing efforts on the micro-blogging site.

This, of course, contradicts other studies – at least about social media, not necessarily Twitter – as well as what has become conventional wisdom on how to advance a brand, according to MarketingVOX.The other studies include a small but now infamous study by Vitrue that found one fan on Facebook is worth $3.60 and a Facebook Page with one million fans is worth a minimum of $3.6 million in earned media annually.Then there is a study by Hubspot.com, which found that many B2C and B2B companies are successfully using social media networks to acquire customers, with more than four in 10 companies overall having acquired a customer from four major social media channels.

Brand Aware
The Edison study doesn’t discount the popularity of Twitter – in fact it reports that 87% of respondents have heard of Twitter, compared to 88% who had heard of Facebook. The findings also suggest that Twitter users are hyper-aware of brands on Twitter. The study found that 42% learn about products and services via Twitter and 41% provide opinions about products/services. An additional 19% seek customer support. A grand total of 49% follow brands or companies.

“Twitter users talking about marketing and brands far exceeds the usage on the other social networks,” said Tom Webster, the VP of Strategy & Marketing at Edison (via Social Media Today).”Combined with their above average income and above average education, Twitter users’ propensity to interact with brands make them a huge potential source for Mass Influencers,” Social Media Today concludes.

Does Not Convert into Interaction
Here is the rub: the data also suggests that Twitter users do not necessarily convert brand awareness to usage, Social Media Today says. Although 87% of Americans have heard of Twitter – only 7% actually use it. Compare that to Facebook, where 88% have heard of it, and 41% have a profile, which is a conversion rate approaching 50%, Social Media Today notes.Clearly some companies belong on Twitter – namely brands that are seeking to shape consumers’ opinions and possibly engage them in a conversation.

Who Shouldn’t
And just as clearly some companies don’t belong on Twitter – or at least shouldn’t be spending a significant portion of their marketing budget on it. These include:

Companies that don’t have a mobile strategy or presence.
There is a strong tie between Twitter and mobile, Social Media Today notes, with 63% of Twitter users accessing social networks via mobile phone, and 73% sending SMS text messages multiple times per day.

Mass-market brands with straightforward products.
Gillette is a good example, says Fast Company. Brands such as Gillette that are positioned based on functionality superiority are not likely to benefit from a social campaign, according to a study by Vivaldi-Lightspeed.

In that study, 96% of respondents in the study tout Gillette’s good quality and reliability. At that point, Gillette should take that goodwill and run, the study goes on to say.”Conversation might lead to a discussion of downsides such as price and alternative products,” says Markus Zinnbauer, a director Vivaldi. (via Fast Company).

Small businesses that don’t have a significant online or social media presence.
That group is far larger than one might realize, according to a recent Citigroup study.  Most small businesses today aren’t leveraging the basic online tools readily available to them to help grow their businesses, the study found.

Namely, in the last year 37% of small businesses have not used a website for marketing or expanding their business and 84% have not used e-commerce to sell their products or services. Additionally, 62% aren’t using basic email for marketing their business.Before such a company jumps on the Twitter bandwagon it would be far better off to master these fundamental online marketing tools – particularly email marketing. Local reputation tools such as Yelp would be the exception.

The powers that be at Twitter have been vague about how they plan to monetize the service. As marketers have flocked to the microblogging site, Twitter has considered charging for business functionality as one possibility.

According to a survey commissioned by Internet marketing solutions company WebBizIdeas.com, a plurality of business users of Twitter are unsure whether they would pay to use extra business features on the site. About one-quarter said they would.

Defining what those extra features might be as well as how much they would cost could push less decisive business users into one camp or another. Among respondents who said they would pay, most were willing to spend less than $50 per month.

In addition, 8% of all respondents said they would pay for analytics alone, if Twitter offered that service.

Advertising, another possibility for Twitter monetization, may have more appeal. Businesses were largely uninterested in advertising tactics that would increase their follower count, but nearly seven in 10 respondents said pay-for-performance ads would bring the greatest value for them.

Defining what those extra features might be as well as how much they would cost could push less decisive business users into one camp or another. Among respondents who said they would pay, most were willing to spend less than $50 per month.

In addition, 8% of all respondents said they would pay for analytics alone, if Twitter offered that service.

Advertising, another possibility for Twitter monetization, may have more appeal. Businesses were largely uninterested in advertising tactics that would increase their follower count, but nearly seven in 10 respondents said pay-for-performance ads would bring the greatest value for them.

The federal LNP party is planning to crack down on their party candidates in Queensland using social media sites because they can’t control the content that their members are posting on sites such as Facebook and Twitter. The plan by the federal arm of the party is to provide their candidates with party monitored fan pages so that any inappropriate content can be filtered or removed.

Social media sites are just that social, they allow the owners of the pages to post comment or content on any subject they want without censorship or control, and it is these last two that get most small businesses in trouble. The LNP’s decision is to me, closing the stable door after the horse has well and truly bolted.

The policies and procedures on how the party and it’s public office members interact with social media sites such as Facebook and Twitter, should have been put in place a long time ago and the party should have employed a well thought out strategy to do just this.

Trying to censor their members after they’ve been allowed to have a free reign is going to be very difficult for them, as it seems it is now, with several of their high profile politicians defying the ruling and some asking for exemptions. Wouldn’t it have been so easy to put these rules in place before they started on social media? I think so.

I know from talking to so many business owners their greatest fears in using social media are the lack of privacy, and control over the content that is published about their business. Setting up your policies and procedures manual and creating the rules around who will manage, monitor and administer your social media strategy should be one of the first strategies implemented.

No point in following the LNP and doing it after the event.

Once the rules have been put in place it is a lot easier to monitor the content, what is posted on sites and how to engage your community to build loyalty for your business. Remember though, social media is about openness and engaging your community in your business, censoring the information you post on sites to the point of being down right boring, will not help you in tapping into the social media community.

Social media has a very large voice, and you need to  make sure the message you are shouting about is the one you really want your customers to know about, so before you start getting too deep into your Facebook page or your Twitter account, make sure you know what the rules of engagement are.

Make sure that all staff who are part of your online strategy, are trained on what is acceptable content and what is not, before they get access to your sites.

Setting the rules early will help you control the very powerful tool social media is and will also allow you to breathe a little easier.

Remember, set up the rules before you start, trying to do it after the damage has been done can be a very costly mistake for you and your business.

Effective Blog posts ahead

Every day I can guarantee that you will be impacted in some way by social media, there will be experts telling you, you need a profile on social networks like Facebook, and that Twitter is the best thing since sliced bread was invented, so you create a profile and you start to tell everyone and anyone who will listen about your latest listings and open homes, but is that really the way to approach social media, doing the same thing you do every day on more traditional mediums?

Taking this approach to your social media strategy will do nothing more than waste your precious time, time that could be spent prospecting for new listings and working with your clients face to face.

I know some younger agents who think that social media and the Internet will replace face to face contact, the reality is it won’t, however the very same principles you use face to face, apply to social media, the only difference being the method of delivery.

I know of some real estate groups who have launched their social strategy with profiles on this site and that network, yet  their sites are full of their member offices congratulating themselves on such forward progress, but where is the consumer?, where is the engagement factor?, where is the interaction with the people that count the most, your customers. This should be the reason you create your social media strategy in the first place, to create the local expert, the trusted advisor role, create and engage your community and to provide information and advice for the long term.

One question to ask yourself is, why do people interact within social network sites in the first place? Is it to get your latest listing, or to find out about your open homes, or to get an appraisal? No, No, No, they are there to connect, to engage and interact with other like minded people, to share experiences, to share activities and create a sense of community and to stay in touch with family and friends.

You as a business person need to understand this motivation and work with it to really maximise the return on your investment of time in creating a social media strategy for you and your business

So what is the best way to approach a social media strategy, firstly you need to work out why you want to have a presence on social networks, is it because everyone else is doing it? Is it because your competitor down the road is doing it so you should as well right? Well wrong actually, do it because it gives you another advertising medium to capture the attention of prospective customers, do it because it is a huge billboard of opportunity to take your message to the masses, do it for you and the exposure it can bring you and your brand, do it because you are an expert in your field and do it because people are looking for an expert to advise, coach and motivate them.

Start by doing a business and digital media strategy and look at ways in which you’ll start to build an audience, do you start a blog first, do you jump on Facebook and MySpace or do you start using Twitter and on what network sites do you create a profile.

How do you declare your brand identity? Remember, you should be focused on how you and your team help other people, being the agent to call when listing a property and raising the profile of you and your office on the web.

The first Step, is create accounts on Facebook, Twitter, Linkedin and YouTube. Check in and see where you fit in to the community, upload or add all of your contacts into Facebook and start a routine of regularly adding “friends” to your page, the goal is to get your personal contacts engaged and to start to follow and engaging with other local businesses, build a schedule so that you can allocate time each week to this, otherwise you will find yourself becoming overwhelmed with trying to keep up with all the conversations that happen.

As you become more familiar with the sites you learn that Linkedin or Twitter may not be for you, that’s fine, at least you are now more informed than you where when you started. You are learning, next you can start to build your blog, your blog web site is your central hub with all roads leading to it, and everything you do should be designed to get people to your blog and interacting with you on your territory.

It’s great to have a Facebook page but even better when you have both working for you; you are in a win win situation.

Remember, with your blog comes responsibility, you’ll need to add content to it regularly and this takes time, so you should allocate at least 2+ hours a week.

Use the same strategy for all the social network sites you use, allocate time each week in your plan to update your sites and remember it’s about engaging your community not only about promoting your latest listing.

We can help you save time and money in building your social media business plan and setting up your pages and blog, we provide weekly coaching clinics that provide information and advice on content and tactics for social media. If you’d like to find out more about our social media integration plans and coaching clinics contact me at Mike Andrew Consulting and we’ll design and set up a coaching plan for you.

Wordpress Blog Platform

I’ve mentioned a number of times on this blog the number of women who are now using social media sites including blogs, to not only research business and products, but who are directly influenced by what they read or research on these networks. The influence of social media on the female internet user is often underestimated by business.

In the US, new research from SheSpeaks highlights that social media networks have become a must for women this year and social network penetration climbed from 58% of internet users in 2008 to 86% in 2009.

When asked about brand related activity on social sites, 80% of female users said they had become a fan of a product or brand directly from a social network. In addition, 72% had learned about a new product or brand, or joined a group around one. To me, one very interesting trend stood out, women were less likely to participate on Twitter with product or brand related activities.

Another interesting point is with actual purchasing of products or services, with one-half of female Internet users buying a product because of a social network. Purchases based on social networking sites and blogs both increased dramatically over 2008.

Users seemed more receptive to social network advertising than they were in 2008, with 9% saying that they always look at ads and often click through, compared with just 2% last year. Thirty percent look sometimes, versus 13% in 2008, and fewer users felt annoyed by ads or actively ignored them.

Brand Related Activity on Social Networking Sites

The ROI for business with a social media strategy that is well set up and planned is well worth the effort and the work put in, and with that in mind, I’ve been really inspired by this research, so much so that I’m prepared to help you get your blogging efforts set up and running for the month of January, I’m going to set up 10 free wordpress installs. No sales efforts, no push, all you have to do is drop me a comment on this post and tell me why you need/want a blog and how having a blog might benefit your business.

To Qualify:

In order to qualify all you need to do is buy one of my hosting packages for a period of 12 months, they are really inexpensive and won’t cost you an arm and a leg. Let me know if you’d like additional information on this.

This is what I’ll include -

• I’ll install and configure WordPress for you. The self hosted version.
• I’ll upload and activate a theme of your choice for you so that your blog looks a million dollars.
• I’ll set up and install add-on software (otherwise known as “plug-ins”) to give your blog a bit of a boost. Things like Disqus commenting, Akismet Spam protection, Tweetmeme, etc.

This is what is not included:

• I won’t move content over from another blog. I’m setting up a brand spanking new blog for you in this case.
• You won’t get personal one-on-one blog coaching. I’m not saying that I wouldn’t sit down with you for some one-on-one coaching if you needed it. It’s not included in this Basic Install. If you’re interested in coaching, then please head over to  Mike Andrew Consulting
• You won’t get tech support. I’m happy to answer any questions that you might have if time permits.
• You’ll need to buy or already have your own domain name as the blog will need this. I’ll help you work out the best domain name for you but you will need to have it ready.

So there you have it, as I mentioned I’ll be happy to do about 10 of these installs so to qualify all you need to do is get writing and leave me a comment, if you already have a blog then please  send the link or recommend this to someone who doesn’t have a blog yet.

Real Time search on Google

Ok, if you been putting off starting a blog or using social media sites such as Facebook and Twitter, it’s time now to think again and very seriously. With the launch yesterday of Google real time search, it opens up a world of opportunity for bloggers and social media users to get their efforts at the top of the search rankings, Google now pulls information as it happens from sources such as friendfeed, Twitter and Facebook as well as blog posts and news feeds.

This is essentially Googles answer to Twitters and Facebooks search engines which provide up to the minute updates on trending topics, and it was a natural extension for it to be applied to search engines, after all they are trying to give you the best response to your search query.

Real time search will enable information to be delivered as it happens, by clicking on “Latest results” or selecting “Latest” from the search options menu to view a full page of live tweets, blogs, news and other web content scrolling right on Google.

You can also filter your results to see only “Updates” from micro-blogs like Twitter, FriendFeed, Jaiku and others.

Latest results and the new search options are also designed for iPhone and Android devices when you need them on the go, be it a quick glance at changing information like ski conditions or opening night chatter about a new movie — right when you’re in line to buy tickets.

So there you have it, create your blog and start writing, and by creating good quality content on your blog or social media network, you might just end up in the number one spot on Google.

It’s the freshness factor that is also important when it comes to getting your information ranked high on Google and now with real time search, you can get fresh up to date information on trending or newsworthy stories as they happen.

If you’d  like to start a blog and don’t know where to start, visit Blogging for Business Packages and get started today.

Watch Out for the Twitter DM Hacker

Watch out the Twitter DM hacker has struck again, having been a victim myself only last week please make sure you log in to Twitter and change your password. Don”t be tempted to share your Twitter log in details with any third party software program that you don’t trust.

The DM spam attack, presumably being spread by hacked Twitter accounts, contains unknown but dubious content, and we advise you to avoid clicking on anything that appears suspicious. Be on the look for tweets like, “hi, did you do this quiz thingy.”

I lost a few followers last week because of these hacked DM’s so please be warned and be careful. If you’d like to check the latest on these, search “dm spam” on Twitter.

It had to happen at some stage and here it is, a song and video about Social Media, not quite as serious and informative as my previous post and video about  Social Media, but I thought this great video would bring a smile to your day.

So please enjoy!!