Many of my readers have probably ran into Janet Meiners Thaeler aka NewspaperGirl. If you did not meet Janet on Twitter, you probably have read her articles on Marketing Pilgrim. If you know Janet, you know she is an expert as far as press releases go. If you did not know that, you know it now.

So why I am bringing up press releases and (re)introducing Janet to you? Simple. I believe that press releases will be on the rise this year, considering economic factors. Long time ago (about 2 or 3 years), Janet, while still blogging on Wordpress.com blog, wrote about her experiment with press releases. Comparing to PPC advertising, press releases delivered visitors to her websites at a consistent rate of 5 cents per click or less. Even back then you really needed to “babysit” and “sweat” over your PPC campaigns to keep the cost per click under 20 cents.

Janet got me hooked on PRWeb. My first $40 press release brought a 300% return on my investment during the first day of the press release going live. To make the long story short, I have never felt like I wasted money on a press release. PPC??? Well that’s another story….

There are however a few challenges with press releases. Not being a good writer with added difficulty of English as my second or third language, I never felt comfortable writing press releases. I certainly never scored highly as far as editorial review goes, probably just barely passed the scrutiny of PRWeb to get my releases published. Writing for my blogs is different. Most of you are very forgiving as far as my grammar goes. But press releases are different…

Slowly I came to realize that press release is something I will have to outsource. So to my surprise, when visiting Janet’s blog, I discovered that she is now offering Press Release Writing Services. Knowing Janet’s background in blogging, marketing and social media – there can be no better person to write my press releases. I am planing to use Janet’s services for my Interpreting and Translating Business. If you need a solid press release, you should consider her services as well. Don’t take my word for it. Read what Jeremy Shoemaker (aka Shoemoney) wrote about Janet’s press releases- a very powerful testimony testimony if you asked. Not trying to be mean to Jeremy, but it is good to know we can compete on the level of grammar.

After launching Top 100 Real Estate Blogs few months ago, Jim Cronin of Real Estate Tomato, had raised a question about Matrix Real Estate Blog and how the blog is ranked by our list. Jim’s concern had to do with what he claimed as unreliability of Alexa Rank:

Another example of how wildly poor the reporting from Alexa is… Miller Samuel’s Matrix – arguably a top 10 most trafficked RE blog has you posting an Alexa ranking of: 545,538. The data is so far off as a relative measure to reality. I’m telling you, it’s got to go.

However, after taking closer look, it became apparent that our list did not rank Matrix even in the top 100 blogs not because of Alexa. Technorati rank was the biggest problem. For a long time, Technorati had no rank whatsoever for Matrix. With the help of fellow blogger and internet entrepreneur, Andy Beard, the Technorati fixed rank for Matrix. Although our list still lists Matrix at 100+ position, I can see it rising to the top of the list with the next update.

The conclusions I can draw from this experience is that not too many bloggers are really concerned with Technorati “authority”. Besides ranking on the lists that factor that authority to rank the websites, there seems to be no obvious reason to care. However if you have submitted your blog to the list, check if Technorati is reporting these figures for your blog. If not, you can contact them to see if your blog was banned for over pinging.

If you are using WordPress, consider using Ultimate Smart Update Pinger plugin. This plugin will prevent your WordPress to over-pinging Technorati as well as other services.

Is New Jersey Association of Realtors behind the times? Or is trying to protect both customers and real estate agents? The Inman News had a story today about possible legislation by the New Jersey Real Estate Commission:

The New Jersey Association of Realtors is opposing legislation that would allow real estate brokers and agents to provide cash rebates or other gifts to buyers and sellers.

Members of the state’s Real Estate Commission, a regulatory agency that enforces licensing law in the state, has considered the legislation but hasn’t yet announced a position….

….While officials at the U.S. Department of Justice’s Antitrust Division have taken action to oppose bans on rebates in several states, New Jersey Association of Realtors officials contend that the offer of rebates can actually be harmful to consumers.

As of now, cash rebates by real estate brokers is against the law in NJ. But New Jersey is not the only state prohibiting cash rebates. There are 10 other states that do not allow real estate brokers to offer cash rebates to customers.

One thing is clear, a crappy lead generating company will not be able to survive in the face of new social media. One day one blogger will write about your services and his blog will open a can of warms.

I can’t help myself but wonder if there is any good lead generating company out there. Or all they all full of it? Again, I am not talking about the crappy companies that promise to give you hundreds of leads each month, just to scam you out of your money without delivering on their promise.

What I have in mind are the companies that would not charge you a penny unless they provide you with a lead that eventually converts into sale. No sale would mean a not qualified lead and therefore you don’t have to pay a penny for it.

Many of my readers here are familiar that I am an affiliate marketer. While there are different business models within affiliate marketing, at the end of the day my pay is based on my performance. If I send a visitor to Amazon.com and he or she does not by anything, I do not get paid. If I send a visitor to Lending Tree and he or she does not fill out a certain form, I do not get pain. In other words in order for me to get paid, I need to perform- not just promise. What do you think would happen if I asked Amazon: “I promise to send 100 byers each month to your website. Would you pay me $10 per each buyer?” Well Amzon may agree to pay me $1000 the first month around, but I doubt they would go along with my crap month after month, unless I have sent them 100 buyers each month. Well, people at Amazon and other companies were smarter. You can make money with Amazon, but only if you deliver the goods.

I have heard plenty about one crappy lead generating company. But I also believe that not every lead generating company is worthless. If you have come across a good lead generating company, please share it in the comments. I would be more than happy to write about such companies.

If you write a blog, it is safe to presume that you want other people to read it. Unless of course you have blocked the search engines and are allowing only certain people to see your blog. From what I can gather when it comes to the real estate blogs, most of us would like our blogs to be read. In fact some of us have set a goal to turn first time visitor to our blogs into regular one or even a subscriber. In fact in some other niches, the value and the influence of a blog is determined by the number of subscribers.

In real estate, blog can also be responsible for the growth of your business. In fact, many real estate blogs are highly monetized digital “properties” on the internet, while others contribute to the successful real estate transactions outside of the Internet. In either case the subscribers to your blog may have something to do with the dollars in your pocket at the end of the day.

In this tutorial, I will show you one way you can track a specific goal (lets call it “subscriber goal” for the sake of the argument) using Google Analytics. If you are not familiar with Google Analytics but are serious about your online marketing efforts I strongly suggest opening an account. Learn as much as you can about what Google Analytics has to offer, it will only benefit you in the long run.

Before I get into technical part, which will require some minimal knowledge of HTML, I would like you to sit down a determine following. Think about the past month. How much income (preferably net income) can you contribute directly to your blog? Now divide that amount by the number of subscribers- the result will be used in Google Analytics as “goal value”. For example if your net income was $1000 and your blog has 265 subscribers, dividing $1000 by 265 will give you $3.77- when setting your gaol at Google Analytics you will use this amount to indicate your “subscriber goal”.

Setting The (Subscriber) Goal In Google Analytics.

If do not have an account with Google Analytics, you might want to register first and implement the tracking codes in the template of your website.

In order to track your subscriber you need to know who many people had actually clicked the subscription button or link. However, I highly discourage against placing Google Analytics tracking code int the feed of your blog. Also, if you are directing your visitors to your blogs feed at FeedBurner, you may not be able to implement the tracking code even if you advanced in programing.

In order to capture these statistics you will need to implement what is known as a jump page. You can do that by using a simple text editor such ad Notepad. Create a file a name in subscribe.html. Then copy and paste the code below, but make sure to replace few lines of that code with your own info (explained below the code):

Make sure to replace YOURFEEDSURL with actual URL of your blog’s feed and the line that says to replace it with Google Analytics Code.

Upload the file (subscribe.html) into the root directory of your blog. The meta refresh in the “head” of this HTML file will redirect users to your blog’s feed wile Google Analytics will capture necessary data.

Login into your Google Analytics account. In the dashboard area you will see the list of your websites in the table called “Website Profiles”. Then click “Edit” link for the blog you are about to implement a “conversion goal”. You can set up up to 4 different goal for each website. If you followed my instructions in creating the jump page and uploading it to your server, your conversion gaol configuration should look like this:

Note that 3.77 is the result of calculation we did dividing your net income by the number of your existing subscribers.

I know that it sounds some what complicated. But it is not as hard as it looks and the benefit of having these statistics measured should supersede any fear of tackling Google Analytics and a little bit of HTML coding.

Depending on the popularity and traffic to your blog you can see results within day or two. However to have more accurate statistics, you might need to wait longer than just one day.

Here is an example of how this is working for my website:

The figures in “Per Visit Goal Value” column offer me clear idea how much I can pay per each visitor and still profit if I were to strike advertising deals with the referring websites and blogs.

Warning: The above describe method should only be used in conjunction with other statistics. It maybe that some visitors may not actually subscribe eve after clicking the subscription button or link. You will also need to factor in unsubscribe rate and never ever use the gross income in calculating the goal value. Being very conservative when assigning the goal value will shorten the range of the error margin. You should also be conservative with your subscribers numbers, it’s better to err on the side of lower number of subscribers.