Why your ValPal tool won’t be effective without a 360° marketing approach
We’re warning our members that just having a valuation widget on their website is no longer enough if you want to generate the best results.
From our experience of working with over 800 brands with more than 4,000 offices, we know that the agents who take a holistic approach to marketing their valuation tools have a significantly higher chance of securing more market appraisals and instructions.
A proactive approach to instant online valuations
As an agent with an instant online valuation tool, you need to foster a proactive attitude to promoting your tool in order to generate more leads which can be converted into market appraisals.
Your ValPal tool should have a prominent presence on your website, but to really maximise its potential, you need to actively encourage prospects to use it.
This can be done by targeting consumers who don't complete the valuation process with canvassing material. Meanwhile, discouraging people from leaving the process while they are still on the valuation page can also be effective.
Moreover, agents can benefit from actively promoting valuation tools to prospective clients through tracked social media marketing, pay per click advertising and more traditional marketing campaigns.
We believe that instant online valuations are the best way to capture contact details of interested vendors and landlords and while the credibility of the valuation is important, it is more an exercise in generating leads and then offering the prospect an expert market appraisal.
That’s why we’re committed to providing our members with the tools and training that can help them promote their valuation tools effectively and an unbeatable return on investment.
A whole lot more than lead generation
Lead generation will always be hugely important, so much so we have recently released a chatbot for agents’ websites, specifically designed to capture the details of vendors and landlords.
It's also becoming increasingly valuable for agents to look at ways to generate additional revenue and build long-term opportunities and relationships.
For example, PortalPal helps agents qualify their portal leads and generate additional revenue through referrals to home moving services.
Due to a hugely competitive marketplace with lower average fees and things like the tenant fees ban to consider, it's important that agencies have the processes in place to maximise their income and create new revenue opportunities from existing marketing streams.
We know that nurturing is also an important activity that is not prioritised effectively by some agents.
An agent’s database is one of their richest resources for opportunities. Nurturing relationships by speaking to contacts regularly and offering them marketing advice is so beneficial. Our tool NurturePal helps our agents touch base with their database more efficiently and effectively, although this should not stop agents from also picking up the phone.
What’s more, when it comes to being successful in all angles of an agency operation, the power of collaboration has never been stronger.
That’s why we have therefore partnered with some of the industry’s best suppliers - such as Loop Software, Olivia, Virgin Media and Feefo - to help agents thrive in all parts of their business.
Overall marketing strategy is crucial
Due to competition for market share intensifying in 2020 and a crowded online marketplace, agents must make sure their overall marketing strategy revolves around generating vendor and landlord leads.
One of the key aspects of this approach is through trackable social media marketing and pay per click advertising which has become so valuable to forward-thinking agents.
We also partner with established agent and Facebook ads expert Paul Long to help agents achieve amazing results in their campaigns.
Other marketing options savvy agents are benefitting from include content marketing and PR, with the aim of raising their brand’s profile, providing expert advice and cementing their position as industry thought leaders.
As you know, successful agency will always be about maintaining meaningful relationships but having a comprehensive marketing strategy in place provides agents with more opportunities to build long-lasting connections and impress consumers with outstanding customer service.
You can find out more about The ValPal Network’s full suite of services here.