Tag Archives: niche marketing

#RETSO On Opportunities for Reform: A Response to Matthew Shadbolt

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Smashed(Written in the epistolary style, that is to say, as if I were writing a letter to my Trialogues partner, Matthew Shadbolt.)

Hey Matthew,

Read your post on misalignment of opportunities and… well, it’s a masterpiece as usual. The level of research and analysis is fantastic, and I imagine you’re not watching a whole lot of TV putting out stuff like that. But I wanted to add my $0.02 as there are a couple of areas where you don’t go deep enough, and if we’re advocating for real change and real reform, I’m afraid you’re putting the cart before the horse in at least one major way.

The Status Quo, and the Breaking of It

Let’s start here. You point out, rightly, that the real estate industry is busy developing solutions to nonexistent problems:

Simply put, under the cover of marketing, solutions are being developed to problems that don’t exist.  This often comes at the expense of solving the real, meaningful questions. Questions of economic stability, consumer insight and guidance, and perhaps most importantly, stimulus, recovery, and faith in the services of an industry.

You believe that the lightweight “reach and promotion” marketing of the kind practiced in virtually every single brokerage in America is at least partly responsible:

I believe that there’s a destructive dissonance between the economic realities faced by the rubble of the financial crisis as it relates to the ideas surrounding home ownership, and marketing goals, platforms and advice directed not only towards the industry, but also by the industry towards its customers.

It’s more than just presenting data in novel ways, such as infographics. It’s more than making the content sexier or posting it on emergent platforms. It’s more than sprinkling in a few data points throughout the ongoing stream of the news feed each day. This is no more apparent than inside the social platforms themselves, where there are numerous real estate groups for almost every imaginable platform (‘Foursquare… for real estate’, ‘Instagram… for real estate’, ‘Pinterest… for real estate’), but seemingly none, or at the very least, comparatively few, dedicated to deeper understanding of the economic implications of truly what’s going on at the Federal level, the mortgage level, or the homeownership sentiment level AND how to market to those criteria. It’s just not seen as being as relevant or as a viable means of potentially ‘engaging’ with the customer. It’s seen as ‘dry’ content versus the non-reading media of photos or videos.

 

The solution, then, is for real estate marketing to change, to ennoble if you will, the entire industry:

Given the gravitas of the past 5 years, real estate marketing can no longer operate independently of the housing market. It needs to align reality with digital platform, in turn making time spent online with real estate content more meaningful, and even perhaps more trustworthy. Real estate marketing needs to restore purpose to the industry.

This disproportionate focus upon platform for itself (for example the endless webinars advocating ‘why you need a (platform name) strategy as part of your real estate marketing mix’), and the distilled tactical advice so prevalently spoon fed to the agent community, almost always ignores the realities of navigating, or even understanding, a harsh, competitive housing market online. This is in part why aggregation services such as Zillow and Trulia have grown so aggressively – they offer, in small part, a solution to this problem at scale in a way that most brokerage marketing simply is unable to and can’t compete with.

Too often, the discussion online centers around who’s doing what, and best practices.  It’s time to skate where the puck is going to be.  It’s time to seek out those huge, fat, fertile spaces of innovation to truly break the status quo.

 

But you then turn to discussion of meaning, of passion, of startup cultures and clarity of purpose. It isn’t clear to me that any of those are currently under the purview of any marketing department anywhere, but that’s a minor quibble. The larger issue, I think, is that the structure of how the industry is set up is inherently flawed  and cannot survive the Information Age.

If we’re going to discuss misalignment of opportunities, if we’re going to look at real reform, I think we need to begin with root causes. Because as you and I both know as marketers, there’s only so much that marketing can fix without control over Product — which is why it is one of the Four P’s of Marketing, I suppose.

Let’s get into the inherent structural flaws, and they’re not, of course, anything like lack of mentorship or lack of higher licensing requirements.

The Inherent Structural Problem

Let’s start with the premise, the actual problem I think you want to solve. If I read you correctly, the problem here is that the landscape of real estate has changed so much that economic, political, and technological factors are causing consumers to have agita about homeownership itself. And then, at a point where the consumer’s concerns have to do with whether he should risk his entire net worth, decrease mobility, and a thousand other concerns that range from what zoning changes might be on the horizon to concerns about whether they’d like their neighbors, the real estate agent can offer very little useful advice.

At a minimum, the problem is that consumers already know or can have access to most of the “advice” from real estate agents, rendering them little more than taxi drivers cum lockbox openers. It reminds me of having to setup a booth at Jacob Javits Convention center, where union contracts force one to pay a unionized electrician $75 to come over and plug in a power strip.

At worst, we’re talking about out and out breach of the duty of fair dealing and possibly even fraud, as the broker or agent is motivated by nothing beyond the transaction and making commission dollars.

So if those are the problems, then the solution is… well, if I read you correctly, the solution is something like what Jeff Turner likes to talk about: purposeful culture. The solution is for a brokerage to create a truly consumer-centric culture — as someone like the GoodLife Team has managed — and then recruit only to that purposeful culture, providing meaning and clarity of purpose beyond just making a buck.

It’s better than nothing. But at least at a place like RETSO, let’s push this.

Problem: Who Is The Customer?

The first place we have to push things is to ask who the customer actually is. Before marketing can get involved with anything, before the CEO can give rousing speeches, the company has to understand just who the customer is. I’ve been in my share of debates about this, and the real estate folks typically give some mealy-mouthed half-assed answer that provides no clarity apart from the fact that they’d desperately like to preserve the way things are.

The customer, in my definition, is the person who pays you. Period, full stop.

Seen in the proper light, the customer of every single real estate agent is the seller. I know, I know, buyer agents will jump up and down claiming otherwise, talking about how much they loooove and caaaare about their clients, etc. but truth is truth, no matter how uncomfortable. Buyer agency is merely an outgrowth of sub-agency, created to shift litigation risk from listing brokers. It was never intended to provide a higher level of service to buyers by creating a true fiduciary relationship between the buyer and his agent. If that were the real purpose, a simple fix exists: buyer agents should be paid only by the buyer, out of the buyer’s own pocket.

But that only goes so far. The other half of the problem is that the broker — the entity that is the real fiduciary under the law — doesn’t regard the consumer as the customer. And why should he? His customer is the agent. What the industry calls “recruiting” isn’t recruiting; it’s sales.

Problem: Compensation, Cooperation

The inherent structural problem stems from the way that real estate brokers are paid. If consumers paid for services directly out of pocket, the financial risk to brokers changes dramatically. But as long as no one gets paid, and no one except the seller/mortgage company is paying the bill, true innovation is well nigh impossible.

There are two ways this problem gets fixed. One is the industry itself deciding that it will no longer be paid as salespeople, recognizing that the Internet improves efficiency of sales and therefore drives down the cost of sales (this is probably a long article in and of itself). Advisors get paid for advice; salespeople get paid a commission. Realtors will need to decide who they are, and evidence it by how they get paid and for what.

The other is a significant change on the expense side of the equation. Simply put, the Federal Government can simply decide that real estate agents are actually employees, and start forcing brokers to pay Social Security, Medicare, Unemployment Benefits, and whatever else they can come up with. When agents become an overhead item, brokers will be forced to change the way they charge consumers in any event… but not before a major bloodbath inside the industry. (Bonus: for anyone who thinks that will never happen… I wonder if they’ve looked at the CBO projections for the costs of Obamacare, Medicare, and Social Security over the next couple of decades. You know when politicians talk about eliminating “loopholes”? Real estate agents as statutory non-employees is just that: a loophole.)

Closely related to this inherent defect is the structure of Cooperation and Compensation (the other Compensation). If both sides get paid for advice by the respective clients (buyer pays buyer agent, seller pays listing agent), then the need for Cooperation and Compensation more or less disappears. Since the entire Association-MLS-Broker trifecta is based on that Cooperation and Compensation, and has been for over a hundred years, it isn’t clear what the solution and outcome will be.

Problem: Continued Bifurcation of American Society

This is a deeper issue, but there is little doubt in my mind that American society continues to fracture into the Elites and Everyone Else. The postwar society of a large middle class is more and more quickly going the way of the $0.99 per gallon gasoline. I touched on this on Notorious discussing Charles Murray’s Coming Apart.

The Elites — the highly educated professionals whose personal earnings will not be significantly compromised — will continue to be Elite, and will continue the kind of lifestyles that leads to their children being Elites. They will concentrate into SuperZips, with other Elites.

Who is likely to be homeowners in the next ten to twenty years? Hint: it won’t be the guy without a college degree, two kids by baby mamas in two counties by the age of 23, and an on-again-off-again relationship to work. And that phenomenon is now multiracial and multicultural in these United States according to Murray.

What you pointed out, Matthew, I think is the fact that most real estate agents in the industry today simply cannot provide much value to these highly educated, highly technocratic Elites. Marketing departments stick with the tried and true promotions and messages that worked in 1960, without recognizing that the Elites of today are totally different from the Elites of 1960 in terms of information access, cultural tastes, and self-reliance.

The question is, how does residential real estate attract the knowledge-economy Elites to work within it so that they can provide high-value services to the knowledge-economy Elites that are likely to be their main consumers going forward? We know that commercial real estate does attract more of these Elites than residential; the economic incentives are totally different there. Can residential real estate duplicate that?

Cart Before Horse

So far, I know that we do not disagree. So let’s sharpen this a bit, and bring it down to a level where we can try to arrive at a solution.

You write:

Pink concludes that the secret to passionate, creative results is an unseen, intrinsic drive, the drive to do things for their own sake. This drive allows autonomy to take place in terms of simply getting the work done, mastery of content matter through investment in the subject, and understanding of purpose through shared experiences with others who feel the same way.

I believe this is what needs to take place within the real estate industry, at scale. Perhaps it’s The National Association of Realtors that leads such an initiative as they’re beginning to do with their Re/Think: The Future Of Real Estate project. Perhaps it’s something that happens at the grass roots level at boutique brokerages such as Austin’s GoodLife Team and then spreads at scale. Perhaps it’s something that marketers will buy into as a result of fundamental changes in how agents are advised in how they could use social business intelligence.

 

I say you’re putting the cart before the horse here, because unseen, intrinsic drive to do things for their own sake, autonomy and mastery of content matters, understanding of purpose and so on cannot happen without fundamental economic change.

As a point of reference, all of those wonderful startups you cited have employees who are paid. You can have the best purpose in the world, enormously talented and autonomous people, etc. but if you can’t make payroll, those driven and passionate people will be forced to go somewhere else and be driven and passionate doing something else that pays the bills.

Marketing will have a major role in reform, but it cannot lead the reform, because the needed changes are fundamentally economic. A 19th century economic model cannot long survive contact with the 21st century reality; we’re seeing this in all sectors of the economy. Big smokestack companies with big labor unions cannot survive the globalized world of today. An industry based fundamentally on a pre-silicon assumptions cannot survive the Internet age.

You know what the best (or worst) part of this is? This change is coming, whether brokers and agents want it or not. It’s going to happen. Maybe later, maybe sooner. But that which cannot last, won’t. The only question for everyone in real estate is whether they want to be proactive and get ahead of the change, or if they want to wait and see and react to the change.

Anyhow, thanks for the awesome article, because it really juiced my brain. And I can’t ask for a greater gift than stimulating thought. :)

Talk to you on the podcast!

Your friend and fellow revolutionary,

-rsh

On Forgetting: How memories are becoming massaged and monetized

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“The next wave of digital products won’t just be about archiving the web; they’ll be about destroying the archive.”
Megan Garber: ‘Making The Internet More Like Our Brains

on forgettingThe modern web is almost exclusively predicated on algorithmic search. It’s a vast archive of everything that has ever been, or will ever be in the world, and knowledge increasingly lives and breathes on the web. As a result, the web is really good at remembering things. The process of perpetual recollection is, in many ways, what the web is built upon; to the point where many of us now use Google as an outboard brain. We no longer have to remember things, we just need to remember how to find them.

The recent launch of Google’s knowledge graph, an ambitious attempt to document the interwoven relationships between all ‘things’ in the world (not just information about them), is an interesting competitive play against Facebook’s social graph, which similarly plots the relationships between people.

 

 

Why are graphs important? Because they are of specific interest to advertisers - those who fund the web. Graph-driven software development is already a multi-billion dollar industry, because it allows advertisers to reach their intended audiences in more powerful, targeted, and potentially effective ways. Owning the data on the relationships between things in the world is an incredibly powerful position to monetize.

 But what if there was a memory graph?

While it’s true that our brains already serve as our built-in memory graphs, the power of memory is ultimately in remembering, or being reminded of things long gone in our lives. In some respects, this reflects the faux-nostalgia that an app such as Instagram taps into. In an era where documentation and data is everything, forgetting (or opting-out of remembering) is becoming a powerful proposition. Building products that are deliberately ephemeral, which force us to forget, then remind us later (as in the case of the beautiful Timehop service), are fast becoming a way to circumvent the need to document everything.

If the ability to forget on the web is becoming scarcer, then it begins to move towards becoming more of a sought-after, luxury item, and more reflective of how we actually  interact as people, rather than conforming to the unnatural behavior often imposed upon us by the web. As the internet grows up, it’s starting to behave more like us.

We’re already starting to see some embryonic, if trivial, versions of this idea surface in the app store. Snapchat, a lightweight photo-sharing app, applies a time limit to what you can share with friends. Think Instagram with a built-in viewing expiration of 2 seconds. While it reduces the fear of photos being seen by the wrong people, as Nick Bilton, writing in The New York Times suggests, one of the obvious applications for such a service is sexting:

 ”People once took photographs so they could capture a moment for themselves and keep it forever. Then digital cameras and cellphones turned photos into something more ephemeral and more easily shared. But as the case of Anthony Weiner demonstrated, photos that are shared but are not meant to last, sometimes stick around.”

Nick Bilton: ‘Disruptions: Indiscreet Photos, Glimpsed The Gone

As Bilton explains, The Pew Research Center’s ‘Internet and American Life’ Project has discovered that at least 6% of Americans have sent ‘sexually suggestive, nude or nearly nude photos or video using a cellphone’. By contrast, 15% report having received it. There’s definitely a market for it. Snapchat’s photos expire after a maximum of ten seconds, and the sender is notified if the recipient attempts to circumvent the service by, for example, taking a screenshot. While there’s obviously a multitude of ways to also capture the image before it expires, once media becomes created and shared, it’s increasingly difficult to forget it, sometimes with disruptive implications. Many have questioned if the images remain stored on Snapchat’s servers, or truly get deleted. But in many ways, people are experiencing their own lives through the social validation the web now offers. A moment unshared is often a momentunrealized. If you didn’t share the photos of that incredible sunset, did it really happen? Baudrillard  and Benjamin would have fun exploring this of course. And as the well-documented trend of digital attention deficits continues to climb, the power of remembering is under increasing scrutiny. Simply put, it’s getting harder and harder to remember things ourselves.

 ”What motivates teens is what motivates anyone who does this: You want to be in a relationship, you want to be desired, you want to be cool, or wild. Solving the problem is always a bit of an arms race; we have technology that allows us to do something, then we have to create technology to help protect it.”

Amanda Lenhart, Pew Research, ‘Disruptions: Indiscreet Photos, Glimpsed The Gone

Writing in The Atlantic, Megan Garber describes how the ’Save All’ feature is a defining characteristic of the modern web, where the archive is now simply assumed. Almost all web-related products built so far are predicated upon harnessing the power of the database, of memory, instead of forgetting. She describes how the internet is often characterized as a dynamic, fast-moving stream, with no containers, and the beautiful, free-flow of ideas and information, but contrasts it with how we actually behave as humans. We wake, we sleep, and have defined beginnings and endings. The conflict between these two ideas creates an increasingly obvious cognitive dissonance, and leads to the pressure that many of us feel, especially with social media, that we’re somehow ‘missing out’ on something when untethered from our digital umbilical. Importantly, Garber proposes that the web’s capacities and our own abilities are misaligned – we are defined by selective memories, the web never forgets. We sleep, the web never rests.

 ”We become cavalier about preservation, not just because Google serves as an outboard brain, but because we are conditioned to assume that the stuff we care about will automatically stick around.”

Megan Garber: ‘Forget About It: Making The Internet More Like Our Brains

There’s a few interesting variations on this idea, notably those who suffer from hyperthymesia, the condition of superior autobiographical memory.  Hyperthymesiacs have an exceptionally accurate recall of all personal events in their lives. They are able to tell you what they were doing, with great precision, on any date thus far in their lives. It’s an incredible phenomenon, and in many ways, one that baffles modern medicine, one that we’re only just beginning to understand as cerebral scanning technology slowly improves. However, those diagnosed often describe their limitless memories as huge burdens in their lives, ones that are ’non-stop, uncontrollable, and totally exhausting’. The power of near-perfect recall doesn’t make people smarter, it simply makes them miserable.

 

 

In arguing against the perpetual documentation and recall of the modern web, many are beginning to argue that there’s increasing value in reclaiming the productive limitations of theanalog world. It’s often referred to simply as ‘retro’, and aligns itself with ‘cool’ quite neatly. But if luxury products are built around economic scarcity in eras of tremendous abundance, ephemerality as a service and end in itself, leverages and reflects what our brains are already optimized and conditioned to do– toexperience, to forget, to remember, and then to forget again. Memories are in the DNA of what it feels like to own a home, for example. Creating experiences that go beyond simple nostalgia, but that work with massaging the data in ways that force us to forget, are an interesting direction for building out unexpected, serendipitous digital experiences for customers.

This is emerging as a point of legal contention in recent months as well, with the European Commission’s proposal to add the ’right to be forgotten‘ to its existing privacy laws. This conversation has yet to cross the Atlantic ocean, where The Library of Congress still archives all of our tweets.

Recent updates from Google, as they move towards a more seamless, integrated user experience across all of their services as part of their Google+ initiative, have begun to leverage your history as a Google user across all of their services, together. It allows Google to oversee (and serve advertising upon) your behavior across their entire suite of products, and see you as a Google user, rather than just a GMail user for example. If you were to search for real estate on Google, it would surface real estate advertising for you in YouTube, even though your experience of using both services might be entirely separate, on different days. Many opted out of this initiative when it was communicated to them, deliberately pruning their own digital history as a way of asserting their right to privacy.

 


Indeed, the importance to many of opting out of data collection, specifically that which repackages and re-presents your own behavior back to you as targeted advertising, is one that’s increasingly important to online users. Facebook and Google, through the medium of advertising, are deciding and leveraging what we choose to remember, and selling it to advertisers. No big news there– this is a well-worn model. However, the European Union now asserts rights that individuals can ask Google to take down links to either unflattering or unwelcome stories, a right soon to become legally enforceable (potentially, pending 2014 EU Parlimentary approval) in 27 different countries under the data protection act. It’s still unclear if that will stop the collection though. However, do internet users really bear an innate ‘right to be forgotten?’ Many of us unknowingly opt-in to data collection, and when it comes to our use of the modern web, especially when it comes to liking, commenting, ratings and reviews, even outside of just simply browsing history, our online footprint is often cast wider than we can remember, or even manage.

 

“I want to explicitly clarify that people shall have the right – and not only the ‘possibility’ – to withdraw their consent to the processing of the personal data they have given out themselves. The Internet has an almost unlimited search and memory capacity. So even tiny scraps of personal information can have a huge impact, even years after they were shared or made public. The right to be forgotten will build on already existing rules to better cope with privacy risks online.”

Viviane Reding, Vice President Of The European Commission & European Union Justice Commissioner

Digital Life Conference, Munich, January 22nd 2012

Quoted In John Hendel: ‘Why Journalists Shouldn’t Fear Europe’s ‘Right To Be Forgotten’

The European Union’s concerns over the privacy and protection of individuals acts as an interesting counterbalance to the guardianship of free expression under the First Amendment. While the EU currently supports (and is writing legislation to protect) the right to privacy, it’s a much more complex issue here in America, inciting a fascinating digital conflict betweenthe right to be forgotten and the freedom of the press. And while the conversation continues to be a moving target, an interesting development is that these discussions now include not only digital references, but also personal data (people have) given out about themselves, often unwittingly.

 

“It is clear that the right to be forgotten cannot amount to a right of the total erasure of history. Neither must the right to be forgotten take precedence over freedom of expression or freedom of the media.”

Padraig Reidy, The Guardian

Quoted In John Hendel: ‘Why Journalists Shouldn’t Fear Europe’s ‘Right To Be Forgotten”

 

This development begins to appease freedom of speech advocates, but places more and more emphasis on the consent of the individual in using those respective platforms. Reading the terms of service becomes increasingly important, and the key issue is not that a free internet isn’t important, but that the assertion of the rights of the creators of content, whatever they produce online, also have to be preserved.

Data collection with the express goal of targeted advertising, has been the cornerstone of how the web has monetized itself since its inception. However, as Alexis Madrigal skillfully points out, data from a single visit to The New York Times homepage is sent to over 10 different companies, including Microsoft and Google, who all log your visit, and subsequently display ads specifically geared towards your tastes and interests.

 ”Every move you make on the internet is worth some tiny amount to someone, and a panoply of companies want to make sure that no step along your internet journey goes unmonetized.”

Alexis Madrigal: ‘I’m Being Followed

Indeed, never before in our history has so much data been collected for the sole purpose of showing us advertising. Facebook’s recent move into the area of retargeted ads (collecting data about what we do when we’re not on Facebook, and then showing us ads on their own site based on how we use the web) is one that leverages an old idea in conventional display advertising, but adds a social, auction-based layer on top. Advocates argue that more targeted advertising is giving the user a better sense of what they want. Is serving up a more personalized web a bad thing anyway? Serving up content that’s more relevant to their interests, a better use of the advertisers’ budgets, but as Jeff Hammerbacher infamously pointed out, perhaps there are bigger problems to solve:

 ”The best minds of my generation are thinking about how to make people click ads. That sucks.”

Jeff Hammerbacher, Quoted In Ashlee Vance: ‘This Tech Bubble Is Different

As Madrigal explores, there are now huge chunks of what we’ve looked at on the web sitting in databases around the world. Data that many of us have yet to take control of, but data that’s being collected and traded about us, in ways that cause us to perceive the real world differently, through the lens of digital media. These processes cause friction between our digital and physical selves, under the perhaps misguided premise of convergence and customer service. However, the idea is that the more relevant advertising is, the better it serves the customer; and the use of behavioral, demographic, geographic, and what’s referred to as ‘lookalike’ targeting (serving up ads based on other users similar to you), all wrapped around social proximity (especially in mobile), allows advertisers to buy the audience without even targeting their desired sites at all. For example, if you were interested in targeting Zillow users in your area, instead of running ads on Zillow, you could run thousands of ads (often at a fraction of the price) that appeared in front of Zillow users when they’re NOT on Zillow. This is what fuels the retargeting process– showing ads to people who browse, but don’t ultimately buy, when they’re away from your site. It’s powerful stuff, and one that many in the real estate industry have yet to tap into.

Many are uncomfortable with the premise of retargeting, perhaps for obvious intrusion reasons. However, is regulation even possible in order for us to understand where our own behavioral data is stored and being used? Self-regulation, certainly in its current form, only limits data collection, it doesn’t stop it. Could such a ‘Consumer Privacy Bill Of Rights,’ as many privacy advocates propose, allow us to exercise control over what personal data companies collect from us, and how they are able to use it?  Perhaps, and the current compromise seems to be opting-out of using the data for ads, instead of stopping the process of collection itself. However, the notion that when we use the web we leave so many digital markers of identity behind us, often without consent, means that data collection organizations are more and more transforming the web into a place where people are becoming anonymous in name only. We may not be giving up our names under the illusion of anonymity, but there’s a tremendous amount of profile-driven information being collected about us without that one small piece of identity data, especially in the era of Facebook’s frictionless sharing. Frictionless in this context, means easier to collect, store and monetize, not easier to share.

Madrigal goes further, suggesting that the idea of the ’persistence of user information’, the false reliance upon a machine’s inability to truly know our preferences, or simply to ‘know too much’ is increasingly a concern amongst digital users.  It’s very much a Catch-22 scenario, as in order to keep the internet healthy, it is absolutely imperative that it remains funded by advertising. The buying and selling of digital media offsets the production of content, especially at scale. As many newspaper organizations are finding, a transition to the web, underfunded by advertising as the bottom falls out of the display and classified markets, is a tough challenge in a depressed economy. Advertisers want their dollars to work harder and smarter for them, which means specific targeting at low cost, for large inventory, becomes the goal of all budget allocation. This is one of the key competitive advantages that Facebook has eroded from Google’s Adwords product. Being able to reach users targeted by interest and connections (using the social graph), rather than simply just ‘I am searching for…’ is a powerful proposition, especially in an era where over 100,000 years are spent on the platform each month by Americans alone. Not only are the users on the site, they can all be reached, at low cost. Profile information is what advertisers want access to.

Are there natural limits to data targeting? At what point does it become ineffective because it’s simply too overt? Can it be gamed? One alternative approach employed by marketers are those who buy into the idea that truly powerful advertising leverages the impact of the unexpected experience. In many ways this is’anti-targeting’– serving up ads so unique and unexpected that they actually have more stopping power than a highly targeted ad. It’s a delicate balance, but one that’s reflected in how videos are distributed online (essentially a core component of how something asserts itself as ‘viral’), and an idea central to what makes something shareable. As advertising becomes more social as the web moves away from pages and more towards conversations between people, a shareable, unexpected ad, is often more powerful than a highly targeted one that’s supposed to be clicked on. This causes enormous disruption for existing referral traffic models, and is essentially why driving traffic back to your own site in a hub and spoke-style approach, is increasingly broken.

To return to the premise of the power of forgetting, Jonah Lehrer’s excellent analysis in’The Forgetting Pill,’ explores the idea of how specific parts of the brain can be targeted, just like advertising, in order to remove memories. Sound like science fiction? It’s not. Research into how people recover from trauma finds that specific areas of the brain trigger electrical and chemical activity during the process of remembering an event– connecting paths in the brain on an as-needed basis. Traditional treatment proposes that ‘people who survive a painful event should express their feelings soon afterwards, so that the memory isn’t ‘sealed over’ or repressed, which leads to post-traumatic stress disorder’. As Lehrer explains, post-traumatic stress disorder is a disease of memory. It’s the inability to forget trauma, and modern medicine is finding that simply ‘talking it out’ as a form of debriefing, often misguidedly reinforces that sense of fear and discomfort.

As a series of ever-changing pathways in the brain, memory is inherently inauthentic - it never stays the same over time. Even the act of remembering is now being found to change ever time, based on the present moment and the act of recall itself:

“Whenever the brain wants to retain something, it relies on just a handful of chemicals. Even more startling, an equally small family of compounds could turn out to be a universal eraser of history, a pill that we could take whenever we wanted to forget anything.”

Jonah Lehrer: ‘The Forgetting Pill Erases Painful Memories Forever

It’s a powerful idea. What if memory, and the act of remembering, was a choice?

Memories are not formed and maintained (or archived) in the brain, as we often think they are, but formed and then rebuilt in the present, each time they’re accessed. As a result, they change based on our current physical and psychological make-up. For example, we might remember an early birthday party we had as a child, but if we’re doing this around lunchtime, our memories skew more towards what food was served at the party. Perhaps how we blew out the candles on the giant cake. The brain’s network of cells is constantly being constructed, reconsolidated, rewritten andremade. It’s not the fixed thing we assume it to be, and it’s not finite. It’s fluid. As a result, recollection, just like online sharing, becomes highly ephemeral, to the point where chemicals that inhibit connections between neurons, and interfere with how memories are recalled, are now beginning to be developed. Studies performed showed that rats forgot what they’d been forced to remember (a path through a maze for example), while under the specific influence of a neural protein inhibitor.

The notion that we can target the exact chemical connections in the brain that force these memories to be recalled, is a terrifying notion for many, but one perhaps that has widespread benefits. For example, it has obvious applications for drug abuse - addiction is essentially driven by memory (the association remembered with a ‘high’), and such treatment could begin to weaken those kinds of neural associations driven by previous, compulsive behavior patterns.

The power of remembering, especially for advertisers and marketers, is incredibly important, and already a multi-billion dollar industry. Nostalgia and memories are at the core of what it feels like to own a home. As these two processes not only converge, but become malleable based on the use of targeted data, what it means to reach the home-buying customer in new and interesting ways will begin to mean something very different. With advertising visibility at an all-time low, understanding recall, and how those recollections are shared, is going to separate the marketers who remain visible, from those who don’t.

 

 

Further Reading:

 

Ross Andersen: ’How Facebook Lets You Live Forever (Sort Of)’ (http://bit.ly/MATJUI)

Nick Bilton: ’Disruptions: Indiscreet Photos, Glimpsed The Gone’ (http://nyti.ms/IOljOs)

Ian Bogost: ’The Cigarette Of The Century’ (http://bit.ly/KhGh5U)

Noah Brier: ’On Facebook, Intent And Marketing’ (http://bit.ly/Kkzuba)

Tim Carmody: ’A Button That Makes you Forget: On Deleting My Google Web History’ (http://bit.ly/MATE3r)

Vinton Cerf: ’Internet Access Is Not A Human Right’ (http://nyti.ms/zuN1B4)

Ian Crouch: ’Instagram’s Instant Nostalgia’ (http://nyr.kr/IBUo3j)

Scott Fulton: ’Rights Of Media Could Trump Rights Of Individuals’ (http://rww.to/ycUJTB)

Megan Garber: ’Forget About It: Making The Internet More Like Our Brains’ (http://bit.ly/JnnpEd)

Josh Halliday: ’Google To Fight Spanish Privacy Battle’ (http://bit.ly/MASZ1W)

John Hendel: ’Why Journalists Shouldn’t Fear Europe’s ‘Right To Be Forgotten” (http://bit.ly/xq9GWk)

Nathan Jurgenson: ’The Faux-Vintage Photo: Hipstamatic & Instagram’ (http://bit.ly/mxhaOt)

Jonah Lehrer: ’The Forgetting Pill Erases Painful Memories Forever’ (http://bit.ly/zriXi7)

Brett & Kate McKay: ’The Autonomous Man In An Other-Directed World’ (http://bit.ly/MASLHX)

Alexis Madrigal: ’I'm Being Followed’ (http://bit.ly/w91rsp)

Elinor Mills: ’Obama unveils Consumer Privacy Bill of Rights’ (http://cnet.co/zUVttg)

ES Parker: ’A Case Of Unusual Autobiographical Remembering’ (http://1.usa.gov/MATxor)

Rebecca Rosen: ’We Don’t Need A Digital Sabbath, We Need More Time’ (http://bit.ly/wwuxOL)

Rhian Sasseen: ’The Manufactured Nostalgia Of Instagram’ (http://bit.ly/MAUBZv)

Ashlee Vance: ’This Tech Bubble Is Different’ (http://buswk.co/gwH7xM)

Jennifer Van Grove: ’Americans Spend 100k Years On Facebook Each Month’ (http://bit.ly/xLLuco)

Audrey Watters: ’How The Library Of Congress Is Building The Twitter Archive’ (http://oreil.ly/kBvVhq)

REtechToday: delicious, facebook, niche marketing, skype, smartphones, social networking, tumblr

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Make Free Calls With Your Verizon Smartphone

This is going to be a game changer. It is going to start on Verizon, but I am sure it won’t be to long before this is on most of the major carrier services. The winner here is Skype – a mostly free service that allows you to make VOIP phone calls to other computers and land lines. Now, you can have Skype on your smartphone. When word gets out that you can make free calls from your Verizon smartphone I predict the number of Skype users is going to explode. It is a killer product and I think about to get better with this roll out. Agents should start putting their Skype account on their business card, I know I would use it to call and check on availability. You can always find me @DeanOuellette on Skype.

Block Certain Facebook Friends From Seeing Your Wall Posts and Other Facebook Privacy Tips

As I’ve covered in previous issues of REtechToday Facebook is astonishing in it’s power to keep you in touch with your sphere of influence. So many people are on Facebook and spend so much time there, it is a resource we should all be using. But sometimes you may want to post something about your real estate business that your ex-girlfriends from high school are not going to care about. Here are some tips on posting to Facebook with better targeting .

How to Build a Niche Audience with Delicious and Tumblr

Lane Bailey is often doing cool things with his online presence. Here’s one to duplicate in your business. If you know Lane, you know he loves his cars. And he’s done something cool with Delicious — a large database of links to cool posts on classic cars that like minded people can find. He is developing a niche market with his Garage Homes USA site, and this is just another tool you can use to build your niche.

Social Media Stomper – Unconventional Tactics for Winning With Social Media

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When you’re serious about your social marketing then you need to be working with a results-driven gameplan. Enter Social Media Stomper. Mark Eckenrode, Certified Master of Guerrilla Marketing, shows you an advanced and systematic approach to generating more traffic and converting more leads through social media … without being “that obnoxious self-promotional jerk” or wasting a lot of time.

Below you’ll find the LIVE Social Media Stomper tele-training sessions with all the actionable tactics and optimization techniques to help you better attract, engage and convert more social media traffic. Let’s get started and keep stompin…

Social Media Stomper Quickstart

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Social Media Stomper (Module 1 of 4)

Network Strategies – “How To Build a Highly Strategic Network”

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Download Module 1 Workbook


Please take a moment for this short Module 1 survey

Social Media Stomper (Module 2 of 4)

Content Strategies – “How To Create Content That Converts”

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Additional resources:

Check out this post on increasing conversions in your posts.

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Social Media Stomper (Module 3 of 4)

Social Media Stomper (Module 4 of 4)

Action Strategies – “How To Win With A Results-Driven Plan”

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Bonus Modules

Social Media Syndication Team

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Email Marketing Strategies

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The Rock Star Marketing of Successful Realtors

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They stand in front of thousands of raving fans that hang on their every word. Lines form at stores when their new release hits the streets. T-shirts, posters, and patches decorate their evangelists. So, what is it about these rock stars… and can a Realtor command the same crowds?

How do rock stars gain such a rabid following? More importantly, how can YOU harness the same marketing to become a rock star Realtor?

Read on and discover how to apply rock star marketing to real estate…

Continue Reading →