Unraveling the Roles of Digital Marketing in Revolutionizing Indian Real Estate
In the competitive arena of real estate, successful marketing takes more than attractive brochures and billboards. The rise of digital marketing is causing a radical shift in Indian real estate. But how exactly is it revolutionizing the industry? Let’s delve in.
Driving Visibility in an Online World
In the digital era, the majority of potential buyers now begin their property search online. With digital marketing strategies such as Search Engine Optimization (SEO) and Search Engine Marketing (SEM), real estate companies can improve their visibility and reach amid the crowded online space.
An increasing number of real estate firms are investing in digital marketing as it enables them to reach global prospects — breaking traditional geographical limitations. In 2019, real estate companies are reported to have spent over $28 billion on digital advertising to tap into the online market, thus reflecting its immense potential.
Customization & Personalization: The New Normal
Modern consumers expect personalized experiences in every aspect – real estate is no exception. Digital marketing allows companies to collect data about potential customers, thereby helping them to tailor services and communication based on individual preferences and buying habits.
For instance, with the help of customer behavior data, companies can send targeted emails regarding properties that match with customer preference – be it a beach villa or a suburban apartment. This is known as Email Marketing, an integral part of digital strategies, providing a higher ROI compared to traditional methods.
Riding the AI Wave
Artificial Intelligence (AI) is also transforming the way real estate marketers operate. AI-powered chatbots and virtual assistants have become invaluable tools, providing immediate, personalized service, and operating 24/7. Also, Big Data and predictive analytics are used in market analysis to get real-time insights and better decision making. According to Statista, the use of AI in real estate is set to treble in the next three years, thus underlining its growing importance.
The Social Media Impact
Social media is another powerful digital channel reshaping Indian real estate marketing. Platforms like Facebook, Instagram, LinkedIn, and Pinterest offer opportunities for high-impact visual marketing – an essential factor considering that buying property is an intensely visual process.
Real estate companies can leverage social media to showcase property portfolios, develop brand awareness, and engage directly with their audience. In 2020, 77% of realtors actively used social media for real estate in some way, demonstrating its overwhelming adoption.
In summary, the impact of digital marketing on Indian real estate is multi-faceted and profound. As technology continues to evolve, it brings new opportunities for businesses to customize their services, engage with customers, and remain relevant in an increasingly competitive market.
To reap the benefits of digital marketing, real estate companies must adapt and embrace these innovative technologies. Businesses that hesitate to transition risk falling behind their competitors who are successfully harnessing the power of digital platforms.
Original article here.
Ready to Embrace Digital Marketing?
If you’re ready to explore how digital marketing can transform your real estate business, our team at Best Optimized Solutions will be delighted to assist. We are a group of expert digital marketers who can help you implement effective strategies tailored to your business goals.
Get in touch to start your digital marketing journey today!