As Seen On Instagram

A picture is worth a thousand words. Cliche, but words to live by for the real estate world. Home buyers and renters alike typically visit many places before deciding where to live. Much of the decision process is based on aesthetics: from cleanliness and style to color and the exterior architecture.

And the rate at which we take in these staged first impressions is becoming a much more rapid vortex, with the often fabricated descriptions an attempt to draw a larger audience. With the ever present millennials who all want a home but can’t afford them, it’s no wonder Instagram has gained popularity as a marketing platform, especially in the residential real estate sector.

An Instagram “like” translates into an important key to your information: valuable intelligence on your consumer base, real-time data on what content is popular, customer engagement, and, eventually, sales. On Instagram, followers are synonymous with brand loyalty, whereas “likes” represent content approval, and comments a snapshot of customer engagement.

Instagram’s features make it easy for businesses to be involved on what is considered a more casual and fun social networking app through accessible customer awareness and interaction. Hashtags, mentions, tags, locations and comments allow for efficient quantitative data on how to attract new individuals and gain a following.

Users can search hashtags, which pull up photos with captions including said hashtag. They then show up in lists according to “most recent” and “most liked”, allowing the user to quickly see what is timely and relevant for them. Just as easily, the company can search hashtags to find competitors. Mentions, tags, and location allow customers to gain a shoutout on your account, or vice versa. Clicking on a location immediately brings you to a page filled with other posts from the same location.

Gaining features on other accounts, direct messaging, and contests serve as other sources of communication. Niche or popular accounts create a valuable opportunity to showcase your brand or building, and through this usually free promotion, see other types of accounts and their success through past posts. Direct messaging boasts an easy method for current and potential customers to immediately get in contact, and contests can encourage followers to promote your company on their own account. With a low opportunity cost, winners can receive some small form of compensation, while the company has now received free PR and content to then use later.

Real estate is an extremely visual field that, by replicating the intimate feeling of a potential home through a screen, provides an economically beneficial marketing opportunity. Print ads have a shorter reach, even if it is an effective tactic, but it has a steep price. By turning online media into an essential form of promotion, a larger market can be accumulated, transforming “likes” into deals, and those carefully selected deals into lasting residencies.

 

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Stealing Snapchat and Other Tech News

snapchatSnap Inc., the parent company of Snapchat,  announced that their IPO occurred this past Wednesday, March 1st with a positive response.  While Snap Inc. may appear to be taking the world by storm with its filters and geotags, this IPO is important to determine the path of growth the company can take, as it allows for a one time influx of income. A successful IPO means technology improvements, leading to not only a better app, but better products as the company expands. In addition, this is one more way to secure their spot in the market, but one company may be stealing the spotlight, and the stories.

Facebook has recently introduced Instagram Stories, which also feature 24 hour posts, filters, text, and now Boomerang, a feature that shows few frames of a video playing and rewinding on a loop. The international social media giant has also introduced “Status”, a feature similar to Stories, on Whatsapp. Whatsapp is a free messenger service owned by Facebook and widely used by student-aged demographics all over the world, particularly with individuals who have international relations. This new feature shares strong similarities Instagram and Snapchat stories; pictures, videos, and GIFS can be sent, only to disappear after 24 hours. However, like the rest of Whatsapp, the Status feature is also encrypted.

For Snapchat, a strong company with a comparable product means that competition will be fierce on an international level,  while Snapchat is still only starting to penetrate countries outside of the United States. Facebook is reported to have approximately 1.86 billion monthly users, with only a mere 167 million being from the US and Canada, as compared to Snap Inc’s 301 million users monthly, of which 68 million are from North America. Instagram and Whatsapp already have large user bases that actively follow social media influencers- negating the need for another, comparable service.

The rapid pace of growth and innovation at companies like Facebook make investing in Snapchat a potentially high-risk investment. Recent news reports that the stocks available are Class A and are worth $17 a share; these would be available to investors, but those who own Class A stock have limited power in corporate decisions. It is likely that stockholders who are worried will have no direct say in the company, which can make the stock a less appealing purchase for those interested in investing in the self-titled camera company.

The sale of these stocks is crucial, as Snap Inc. needs the revenue for contracts with major companies such as Google and Amazon. Facebook’s recent influx of features on their different platforms emphasize its influence over the social media industry. Yet, Snap Inc. is confident in its ability to perform, especially as it is valued higher than many of the social media giants when they released their IPOs. Currently, Snap Inc.’s stock is soaring at $27.09 a share at the close of Friday. When the stock market closed on Monday, stock was $23.77 a share. 

To follow Snap Inc. and check how their IPO is faring, their ticker symbol is SNAP and is traded on the NYSE. Spread the news and share this article or follow us on our WordPress, Facebook, and Twitter!

Last October, we held a Krispy Kreme fundraiser. Stay tuned to what’s in store for this year!