The leads with the greatest intent, that have the best chance of converting into deals within 90 days, typically come from platforms like Zillow and Google PPC, where users are actively searching for houses for sale right now.
When you're investing in online leads, it's crucial to have a robust system in place for nurturing these leads. The fact is, even the top real estate teams only convert around 5% of the leads they generate. Without a comprehensive follow-up strategy and the right technology, you risk leaving a significant amount of potential revenue on the table. In fact, without these, maintaining a positive ROI in the long run will be challenging.
In recent years, traditional portals have changed their pricing structure, claiming as much as 35% of the commissions earned. This shift can significantly impact your profit margins. Because of this, many leading real estate teams have started to invest heavily in more reasonably priced lead sources like Google PPC. This allows them to scale their businesses, build teams, and maintain high profit margins.
Search engine optimization (SEO) is another commonly discussed method for online lead generation. SEO can generate high-quality leads without direct payment. However, it requires you to make a significant investment of time and effort. For example, you'll need to consistently produce high-quality content for 12-24 months before you start seeing an ROI.
At Ylopo, we're leading the way by investing approximately $2,000,000 a month in lead generation for our 3,000+ clients. We allocate about 60% of this budget to Google PPC and 40% to Facebook.
We're here to help you expand your reach and convert more leads into successful deals. Book a demo today to learn more about our personalized lead generation services tailored specifically for real estate agents and teams.