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Browse the siteApril 11 2014
WAV Group provides enterprise brokers with a monitoring service to measure their listing syndication strategy. It is a thorny and emotional topic where risks and rewards are balanced delicately. Undoubtedly, this week brokers who do syndicate to publisher websites are reviewing their reports from last month. Here are a few things you should look at.
Obviously, you want to know the number of times that your listing was viewed on each publisher website. The easiest way to view listings by publisher is to look at reports from your listing distributor – like ListHub, Point2, reDataVault, etc. If you are sending the data from your broker website provider, you may not be getting this information in a consolidated report. Rather, you will need to combine the listing reports from each publisher.
Here are a few things to be aware of. About 30% of the listing views are robots, not consumers. With the exception of Realtor.com, few publishers have strong anti-scraping technologies. This also explains why publishers report so many millions of visits when there are so few homes sold per year. They are counting machine traffic (so are reporting tools like ComScore).
It is always a good idea to look at the visits to your website as a result of syndication. Driving website traffic is a key benefit of syndication. Most firms see about four visits per listing, per month for premium brokers (premium means you pay). There are techniques to improve this that include modifying photos and modifying description text.