Real Estate News: New Home Builders, New Homes... -
[Cached Version]
Published on: 8/1/2001
Last Visited: 2/9/2009
Kevin Cross, senior regional marketing analyst for Centex Homes' Southeast Region, agrees that it is difficult to track the amount of traffic and buyers that are coming from the Internet.
"Unfortunately, what you get from customers at the point of sale is usually not accurate.
At least 50 percent of traffic will say that they came in because they were just driving by and saw the entry signs.
That's the last thing on their mind as they walk in the door so that's what they say even though they may have seen an ad or been on the Internet," he said.
The best way to determine Internet usage and the effectiveness of your Internet advertising, Cross said, is to follow up with buyers after the purchase.
"You have to really dig in to find out if people used the Internet and if so, how much was it a determining factor in their purchase," he said.
Centex is currently in the midst of conducting these kinds of surveys.
Preliminarily, Cross said he guesses that one-third of their sales office traffic have been to their website.
As far as budgeting goes, Cross is currently spending about 5 percent of his advertising budget on the Internet and says they "could probably spend more."
His advice to other builders is to figure out what they want to accomplish through the Internet before determining how much they will invest.
A builder who wants to raise name and image awareness will want to use the Internet differently than one who wants to generate leads.
"As with most things, you have to come up with a strategy and spend according to that strategy," he said.