Best Practices

You may have noticed that the BDX has begun sending out our Hot Homes E-blast in select markets. We’ve seen requests regarding how to get a placement in our market-specific emails. As a result, I’m writing this as a simple explanation of the process that we take to creating and sending them out, as well as tips to getting your hot homes listed with each release.

Let me preface this by saying that our goal is to do good by both builders and home-shoppers alike, meaning that the BDX will place no favoritism upon any one builder when choosing what offers are best and will give no preferential treatment to any builder for any reason. The end goal is simply to get the maximum amount of homes listed for all interested builders and to get those homes sold to interested customers.

The Hot Homes eblast is a free service for our builders and is distributed monthly in 12 major markets. As the program develops we plan to roll out additional markets. The program is designed to promote those homes that builders have identified as ‘Hot’ and to help advertise Special Offers and Promotions listed on NewHomeSource.com.

In creating these eBlasts, I compile a list of the best Hot Home deals by market directly from the website. Any Hot Home or Promotion that is compelling and I believe will drive consumer action will be considered. With this in mind, any listing that is not completely filled out (i.e. has an empty description or title), or only includes filler such as an address or “schedule an appointment” has little chance of being included. They are less compelling and have shown to have a lower click thru rate. Both the description and title of your Hot Home should be completed to the best drive consumer action. Also, ALL CAPS and using excessive amounts of !!!’s has not shown to improve clicks or performance.

In contrast, I find that the offers that have the strongest performance in terms of click-thru action have strong call to actions in pricing point, home description or evocative imagery. For example, titling your home something as simple as “Own a New Home for as low as $679 a month!” has show strong performance and will drive traffic. In direct comparison, using something generic like “Affordable Monthly Payments” would not receive as strong of performance. Home-shoppers like numbers. Tell them why your pricing points will appeal to them.

In addition to low-cost promotions other offers are also compelling to consumers. This can be achieved by saying something as simple as “Only 2 Lots Remaining” or evoking a strong image of what makes the house stand out above other local homes. Examples such as “Huge Gourmet Kitchen with Granite Countertops” have also seen strong response rates.

For information about adding Hot Homes & Promotions to your listings on NewHomeSource.com contact your Account Manager to take advantage of this free service.

— Jamie Lintner

From the recent USA Today article about Canadians becoming the top out of state homebuyers in Arizona, to the article from The Real Deal about snowbirds from Canada flying down to South Florida to buy homes, you can’t escape the news that Canadians are snapping up US real estate faster than ever.

The strong Canadian dollar combined with warm, inviting climates are attracting Canadian buyers to southern U.S. markets in record numbers. Canadians now make up 23 per cent of all international home purchases, up from 11 per cent three years ago, according to a report by the National Association of Realtors. And according to a new report from the TD Canada Trust, almost half of British Columbia boomers are considering buying a property in the U.S.

One way to reach these potential new home buyers is to let BDX help you send your targeted message to Canadian real estate agents. You can send your email message to our entire list of over 50,000 Canadian agents for under $500. … An Exciting Opportunity To Sell More Homes.

Now is the perfect time to take advantage of this marketing opportunity. For more information contact info@thebdx.com.

Oftentimes, we receive request from builders wanting to advertise “above the fold” for their banner campaign only. The fold is what’s visible first when the web page loads before a user scrolls down for more information. The belief is that the banner is the first thing consumers will see and that will increase the likelihood of action. Similar to running an ad on the inside cover or back page of magazine. It’s an understandable request and natural that advertisers would want the best position.

However, instead of worrying about placement, consider the actions users take when shopping listings. They’re scrolling through potentially hundreds of homes and communities, gathering information. As a result we’ve found that the content and offer of the ad by far outweighs the placement. Unlike, traditional media which interrupts a consumer’s experience with online banners, consumers are actively searching for information about a builder’s product. We’ve found that the banners closely embedded within the content perform best. It’s one reason we believe we see so much action with banners supporting a builder’s listing. It’s also a reason I’m a strong supporter of complementary creative, using each position to advertise a different aspect of the business.

On NewHomeSource banners perform relatively the same for each position in terms of CTR. It’s the creative and offer that will set you apart.

For more information on how you can take advantage of Display Advertising, contact Thane Tennison, Ad Operations Manager for NewHomeSource at 866-651-8866 or at ttennison@builderhomesite.com. You can also follow Thane on Twitter at @t_tennison

This is a great article from Adweek on the use and value of analytics to measure and evaluate campaign effectiveness. It’s poignant to show how analytics can be used to set benchmarks and measure against predefined goals but not to drive all marketing decisions.

At BDX we’re continually monitoring our most effective display campaigns, measuring consumer engagement, frequency and messaging strategies to drive the most value for our advertisers.  As a result, we’ve seen a continual lift in our sites effective CTR and have helped many advertisers reduce their eCPC and drive meaningful traffic back to their site.  Unfortunately, we only have insight into one side of the story. What the consumer does beyond the click is left to the trusted hands of the builders’ marketing team.

Working with a national builder, I was alarmed when I saw a drop in click traffic when a new campaign was launched. But after talking with the builder they showed a greater lift in back-end action and stronger lead conversion.  The banner and analytics justified their assumptions and didn’t just direct their marketing decisions.

We’re always looking for new ways to improve campaign performance and are happy to work with builders for A/B testing and creative review. Have you run a campaign where analytics provided insight that you would have never considered?

For more information about Display Marketing Strategies contact Thane Tennison, Advertising Manager for the BDX.