Effective marketing strategies are essential to building a successful real estate business, but that doesn’t mean you have to break the bank to get the results you want. With the right approach, real estate agents can achieve their marketing goals without exceeding their budget.
Marketing your real estate business is necessary, but determining how to structure a marketing budget can be challenging—especially for new agents. When starting in the industry, generally, it’s a good idea to allocate 20 – 30% of your overall budget for marketing purposes. Established agents may successfully maintain their market visibility with only 10 – 20%, but investing in the right marketing strategies is a part of every agent’s success.
A successful marketing strategy doesn’t always require a hefty budget. Many low-cost strategies can yield a significant return on investment (ROI). Leverage digital platforms and create engaging content to resonate with your target audience. Above all else, remember that consistency is key to a successful marketing campaign, regardless of your budget.
Email. Email marketing is one of the most cost-effective ways to reach potential and current clients. Build an email database and send regular e-newsletters to share listing details, market trends, and other interesting topics.
Video reviews. Engaging video content is a fantastic way to highlight industry expertise and customer service skills. Create videos of happy clients sharing their positive experiences to build trust.
Social media. Social media platforms like Facebook, Instagram, X, and LinkedIn can be powerful tools for marketing your real estate business to a wide audience with minimal expense. Post high-quality photos and videos of your listings and share relevant market updates consistently.
Google My Business. It’s free to claim and optimize your Google My Business (GMB) listing—and it’s essential for local search engine optimization (SEO). Ensure your profile stays updated with accurate contact information, client reviews, and clear photos.
Blogging. Start a blog on your website to help establish yourself as an industry expert. Write and regularly share informative articles about the real estate market, including neighborhood guides, market trends, and buying and selling tips.
Try these low-cost, high-impact strategies that deliver results without draining the budget!
*Except where prohibited by law.
Reference to any specific brand, product, or service does not constitute endorsement by ORHP. ORHP does not receive compensation for providing third-party links.