YouTube Ads for Real Estate Agents
Nazar Kalayji [00:00:00]:
All right, well, let’s get started. So welcome you guys. We are super excited to be able to have Dave Caldwell again with us today is going to be talking about all things YouTube, I think, is that correct?
David Caldwell [00:00:11]:
Yeah, YouTube ads, videos. Okay, cool.
Nazar Kalayji [00:00:16]:
And I’m super excited to have him on here. I know that all of us that struggle with trying to figure out how to what to hopefully today we can get some takeaway ways that we can implement in our business that are not going to feel overwhelming but will be one little nugget that you can take. Don’t try to do it all because it’s just hard to do it all. But if you can move the needle just a little bit, then I think that there could be some massive opportunities for all of us moving forward. So David, take it.
Nazar Kalayji [00:00:43]:
David Caldwell [00:00:43]:
Yeah, you guys. And to mirror off what Nazar said, this is not going to be like a technical class. This is not a how to class. I will talk about some audience segments that make YouTube really powerful. But really we’re just going to talk about a couple different videos that whether you ran them on YouTube, which I believe you should, or you implement them in your personal business as part of a conversion funnel, I think really makes sense. So the first place I’ll start in YouTube ads because know kind of specifically what we’re going to talk about. What is a YouTube ad? It is a commercial. I’m sure almost everyone on here watches something on YouTube at least at some point throughout the week.
David Caldwell [00:01:29]:
A YouTube ad is nothing more than a modern day commercial. But if you were to go to a channel, local channel or a cable channel to run a commercial on cable TV, one, that commercial would not be very targeted. Two, that commercial would cost you probably tens of thousands of dollars to run. There’s an ad that we run on YouTube. We’ve been running it for over a year. We have over 250,000 views on it. Most of those views have come by way of YouTube ads. Like 99% on average.
David Caldwell [00:02:07]:
I pay one penny for that view. It is run to people in the community I want to service a two mile radius around of elementary school. It’s a minute and a half long video that on average gets viewed for over 90% of the time. It’s just a video about what we believe about helping people buy and sell houses. We call it like our seller services video.
David Caldwell [00:02:37]:
But it cost me a penny. Think about a minute and a half of attention to a homeowner within a two mile radius of an elementary school that I want to hit, where I’m doing open houses, where I’m calling Expires, where I’m buying online leads and I’m paying a penny. Like, I knew Nazar as the postcard guy, right? The farming guy, before I knew Nazar. Now I know Nazar is a lot more than that, right? But I think when we talk about postcards, we’re talking about frequency. YouTube ads allow us to buy a level of frequency and a level of attention from people at a very minimal cost. So we’re not going to talk about the technicals here, but if people did go create some of these videos outside of one of these masterclass calls, I’m willing to do a call on the technicals. But we’re not going to talk about the technicals without the video or I’m not going to show you the technicals. But here are some things that you can do with YouTube ads.
David Caldwell [00:03:45]:
You can target homeowners. There’s a new section where people are searching for real estate agents. You could target real estate agents. You can target people who are retiring soon. You can target people who are looking to move and buy real estate. You can target renters. Google is where you run these ads through. Google has way too much data on all of us, you guys.
David Caldwell [00:04:16]:
But the power in YouTube ads is running a commercial to a targeted specific.
Nazar Kalayji [00:04:22]:
David Caldwell [00:04:23]:
That’s as much of the technicals as we’re going to talk about because we’re not going to do a slide deck or anything like that today. Let’s talk about videos that you should create for YouTube, for YouTube ads specifically, but also that you can use in your conversion funnel, that you can use with your online leads, you can use when you get a referral. Who has a bio video? Who has a video that just talks about what they believe about helping people buy and sell real estate.
Nazar Kalayji [00:04:56]:
David Caldwell [00:04:56]:
It’s a great example. On my email signature, I have a link that says, learn more about me that takes you to YouTube. Now, I haven’t advertised my video, but we do advertise these videos for our agents and we do a 1 mile radius around their house. Now what are these videos? They’re not a video about me saying, hey, my name is David Caldwell and I like martial arts, and I have two redheaded daughters and yada yada, yada.
Nazar Kalayji [00:05:26]:
David Caldwell [00:05:26]:
My name is David Caldwell. I’ve been selling real estate since this time. And here’s what I love about helping people buy and sell real estate. And it has pretty B roll in it and it has some context, but it’s just an introduction to me as a real estate professional. The people who live around us that we can target on YouTube, that their kids are using YouTube to watch videos, that are homeowners in the area, are the people that we walk down the street next to the people that we see at the grocery store. These videos are so know my friend Jason, I’ve been running these ads for a long time. There’s a story that he still tells at a lot of the Edge seminars. I’m at the gym, I’m in the sauna with a whole bunch of guys and underneath my shirt I’m pretty tattooed.
David Caldwell [00:06:20]:
And I just kept seeing this guy look around the corner at me and it was super uncomfortable, right? And you’re just kind of like sitting in the sauna, sweating, going, I don’t know what to do. And he goes, hey, are you David Caldwell with Hillshire Realty Group? And I’m like, yeah, right. He’s like, I see your videos on YouTube all the time. I’m at jujitsu class. Jujitsu can be a little bit uncomfortable. You’re like wrestling with other men. You’re like meeting new people. My name’s David.
David Caldwell [00:06:49]:
We’re going to try to choke each other now. I go to introduce myself to this guy. This is like last month. And he goes, yeah, I know who you are. I see your videos on YouTube all the time. But these are advertised videos, you guys. These are videos like my bio video. But these are powerful, right? What do I have with that guy at Jiu? Jitsu I have professional trust with, right? He sees that I’m competent.
David Caldwell [00:07:14]:
He sees these ads we’re running. He knows we know how to market with some frequency. Well, now I just build personal trust with him. At some point, I could earn referrals and I could actually have a transaction. Now, again, this cost me a penny for a view. The most I’d ever paid for a view on YouTube is $0.03. Think about the cost of a postcard. Think about the cost of a stamp.
David Caldwell [00:07:40]:
Now, I could be way more targeted in direct mail. But remember, I can go on YouTube and I can say, homeowners in this 1 mile radius. Homeowners in this two mile radius. Homeowners in this three mile radius. This is a powerful targeting tool. If you don’t have a bio video, if you don’t have something clearly articulating what you believe, the importance of helping people buy and sell real estate, I’d really encourage you to make this video. And this could be a video that you advertise around your home in your community. Has anyone ever read the book Start with Why by Simon Sinek? Go on YouTube, search Simon Sinek.
David Caldwell [00:08:29]:
Start with why? Watch his video. What he talks about is people buy why we do something, not what we do. That’s what I want this video to be based around. Here’s another video. One of the videos we’ve run most commonly, which is our seller services video. What is it that you do for a seller? And here’s what I don’t want you guys to do. I don’t want you guys to go to my YouTube channel and copy what we said. I want this to be authentic to you.
David Caldwell [00:09:02]:
What do you do for home sellers? Right now, there’s this big conversation around buyer’s agency, and we have to show people our value. Can we clearly articulate what we do for sellers? What are our seller services? Mine’s a team video. Our thing is part of our video. We talk about how at Hillshire Realty Group for sellers, our goals are based around their goals. But the first thing we focus on is hiring great real estate agents. And then I talk about my team, because they’re the ones that are likely going to be out servicing these customers. Now, again, there’s pretty B roll and we flash things on the screen of what we believe and what we do. But imagine a sequence, right? We’re even outside of YouTube ads, someone gets referred to you to list their house and you’re communicating via email and you go, oh, by the way, here’s my bio video, and here’s a little video about what we do for sellers.
David Caldwell [00:10:08]:
I think about this all the time, right? We live in a world where everyone knows eight real estate agents. What do I have to do to be the best of the eight? Could it be a strategic advantage just to have those two simple videos completed? Gosh, even the bio video. My sister, when we made these videos, her conversion on Zillow went up by about 20%. Not 20% conversion, but it went up about 20% just from sending this video. As part of her introductory touch, sending this video before her first showing. What do you believe about helping a buyer buy a home? We need a bio video. What we believe, what we like to help people about buying and selling real estate, a video for sellers, a video for buyers. Again, think about that in a sequence going out to your Zillow leads, going out to your open house leads.
David Caldwell [00:11:11]:
But from a targeted perspective on YouTube, a buyer services video could be targeted to people who don’t own homes to renters. Because Google knows if you rent or not. Has anyone ever wanted to do a buyer campaign to renters? Like in an apartment complex? People get stuck on that because it’s actually hard to get the addresses right. It’s not as easy as we think. But again, I could take a 1 mile radius from any address, or I could choose a city. I could create a video for buyers about the benefit of homeownership. And if you’re renting, here’s my message, and you could do it for $0.03 or less of you. Here’s another beautiful thing about YouTube from a brand perspective, you only pay for a view after someone’s watched the video for 30 seconds.
David Caldwell [00:12:19]:
Now, you can accomplish a lot in 30 seconds. People can skip after 5 seconds. You can actually accomplish a lot in 5 seconds. Almost all of our YouTube videos that we run, other than the brand ones, start with, hey, it’s David Caldwell with Hillshire Realty Group. Nazar shaking his head. But here’s why, here’s why there’s no hook. Because if they skip the ad, that’s my phone call, too. That’s why I start my phone call when I call somebody.
David Caldwell [00:12:54]:
And there’s brand recognition in that. There’s familiarity in that. Here’s something I want you guys to think about. If you make these videos great marketers break marketing rules. That’s how you stand out, right? There’s all these rules of marketing but the best marketers in the rules or the best marketers in the world, they don’t follow them, right? There’s a formula but you can step outside of it. That’s why I didn’t want to show you guys any videos. You guys got to take this space to be creative. If you had a bio video and not like your background but what you believe find it really hard if that was distributed properly to think about a world where conversion doesn’t increase.
David Caldwell [00:13:52]:
A seller services video that’s like a pre listing packet 2.0 a buyer services video or a Yikes postcard done in video form targeted to a specific area that’s powerful makes you stand out. These are modern day commercials. People pay millions of dollars for commercials every year so big brands do to build brand and this is still really early for real estate agents paid ads.
Nazar Kalayji [00:14:34]:
I like doing a video about the listing that you have. If your client sees their own house and you advertising their own home on YouTube that goes a long way in their eyes that you’re actually doing something every day to be able to market their property. You can literally have a budget of like $50 and that can go on and on and just continue advertising. Obviously you want to sell this house but it’s also another way to be able to show the seller that you’re selling his house well.
David Caldwell [00:15:08]:
And let’s go off what Nazar said, right? On average people move within a seven mile radius. So I could do a YouTube ad presenting this home to the market within a seven mile radius is how people statistically move to likely movers because that is actually an audience people that are looking to move soon that becomes really powerful. To Nazar’s Point, I saw a video on YouTube or on Instagram yesterday of an agent talking about how she spends no money on her business, that she does all of her business by referral. And the first thing I thought is, man, I hope I compete against her in a listing presentation so I can talk about YouTube ads, so I could talk about Google display and the different ways that we built an audience. Right? That we built a database of home shoppers inside this community because it’s not.
Tessa Wilkerson [00:16:10]:
A sorry, I have a quick question and also for Nazar as well. It seems like getting subscribers is challenging and I’m so new to YouTube and we’re just starting to work on that more and more. So my page is super boring and basic but how long did it take you to establish your YouTube channel and start to get subscribers and then Nazar, do you have subscribers? I actually have never looked on your page.
Nazar Kalayji [00:16:41]:
Mean like I don’t care about like if you’re doing YouTube ads it doesn’t.
David Caldwell [00:16:49]:
What I can help answer that too. Nazar is right. YouTube ads, you will not get subscribers from YouTube ads.
Nazar Kalayji [00:16:56]:
And here’s why.
David Caldwell [00:16:56]:
They don’t even have the option to subscribe when they see an ad. What they do have the option to do, however, is go to your website and fill out a form because there’s a call to action, which is another thing we’ll touch on briefly, right? But that is a very big value add to paid. YouTube is trying to get people to click on the screen to go do something. And that could be something that you do as a call to action, right? To learn more about the property as an example. If we use Nazar’s example, emily messaged know about growing subscribership. YouTube is really rewarding shorts, right? Like, we’ve been having a lot more success in adding subscribers to our YouTube page as we’ve adopted one strategy. And I’ll tell you guys what that is, is we’re putting on two shorts a day from the long form content that we built. So we’re piecing up the long form content that we built and we’re putting out two shorts a day on YouTube.
David Caldwell [00:17:55]:
And since we’ve been doing that, we’ve been adding at least two subscribers a day to our YouTube channel.
Tessa Wilkerson [00:18:03]:
David Caldwell [00:18:03]:
Tube is rewarding shorts. Is rewarding shorts right now.
David Caldwell [00:18:06]:
Now, we did have before that, a couple of months ago, we had the 30 day period where we added no subscribers. So we had to adjust our strategy, right? We didn’t have a lot of subscribers, we weren’t having a lot of organic views. So what could we do to maximize our content? And that’s been a successful strategy for us. But you also have to find your niche on YouTube. And we talk a lot about a city called Sherwood. There’s 10,000 people that live there. We’re never going to build a big audience around it, but it doesn’t mean we don’t get transactions from it, right? Whether through paid or putting out organic content, we only have to reach so many people with the right message to get a response. Is that helpful?
Tessa Wilkerson [00:18:56]:
Yeah, very helpful. Yeah. And I’m not going to focus then on subscribers. It’s just getting more views and maybe the advertisements and stuff like that to reach more of an audience.
David Caldwell [00:19:08]:
The great lie, you guys, to a certain extent is views do not equate to transactions. Right.
David Caldwell [00:19:17]:
The right message to the right person with the right funnel. Like if we talk about, like, I have a video that we advertise for home equity reviews and we tell people, click the link on the screen to go to our website and sign up. Now I can’t tell you how many views we have to get to get a transaction. I can tell you how much money we spend to acquire a client that way. And it’s upwards of $3,000, but less than $4,000. Obviously it fluctuates, but I’m willing to pay $3,000 to get a seller. Right.
David Caldwell [00:19:53]:
But that demand shifts with the demand in the market as well, because there’s seasonality in every market. The click through rate on average on a YouTube ad, according to YouTube, is half of a percent. So 200 views. Maybe one person clicks that link, but if you don’t tell them to, they probably won’t. If you don’t have a good headline there, they probably won’t. They might click that link and go to your website. And if it’s not easy to register and get what they want, you might not get the lead because they might bounce. Actually, a lot of people will bounce.
David Caldwell [00:20:33]:
But that’s okay, right? That’s what marketing and branding is. Maybe my message hit at the wrong time. They weren’t ready to fill out the form because they don’t want to talk to someone yet. That’s okay. But if I’m consistent in the strategy, eventually I might hit that person on the right day at the right time, but for building a brand, and I think a lot about the marketplace that we’re in today. Has anyone read The Infinite Game? I’m going to give two Simon Sinek recommendations today. The infinite game by Simon sinek. Good book to read, maybe a good video just to watch one of his keynotes about it.
David Caldwell [00:21:14]:
It’s business planning season, right? We’re thinking about winning the month, winning the quarter, winning the year. The Infinite Game is about continuing to play the game. I’m 40. The only thing I’ve ever been good at is selling real estate. I’m not going to probably do anything else in my life. I just want to keep playing the game, right? What are the foundational things I need to do to build a brand in my community, to be the trusted advisor, to be the resource? YouTube is a huge piece of that. I can buy a lot of attention for not very much money, but I have to do the activities behind it. I have to do the open houses, I have to call the expires, I have to do the home equity reviews, I have to do the client events.
David Caldwell [00:21:59]:
My opinion is the best businesses are prospecting based and marketing enhanced. YouTube ads enhance the things that I do. But standing alone, it doesn’t help me that much. That’s where I don’t care about a hook in the beginning. I care if you hear my name. That’s breaking a marketing rule, right? I could pay no money. You hear my name. The same thing you hear when I call you.
David Caldwell [00:22:30]:
Familiarity. Frequency. Frequency builds trust. The beautiful thing about what we talked about today. If you went and made these videos and I did a class, which I’m totally willing to do for you guys, like, outside of all this stuff, november, December, you guys make the videos, we’ll do it as, like, an extra call, pull up my screen, show you exactly how to run the ad, the technical pieces of it. You can buy attention for a penny for less than $0.03. Get someone to listen to you in your community for $0.03 homeowners doesn’t mean they’re going to take action right away. They’re actually not going to, but it’s going to help you build your brand.
David Caldwell [00:23:19]:
So when you do the other things, it’s more powerful. And let’s use Nazar’s example of doing it around a listing. What a powerful value proposition. Exposure is everything in real estate, and Nazar is exactly right. When your client sees their video on YouTube, they get stoked. You guys want to know something crazy? A lot of people watch YouTube on their TV. Do you know how many photos of people’s TVs I’ve been texted from people in my community?
Nazar Kalayji [00:23:55]:
Dave, I don’t know if I shared this story with you before, but.
Nazar Kalayji [00:24:02]:
He works for a developer. But it’s kind of a funny story. It’s worthwhile mentioning. He was watching a YouTube channel on his TV in his bed, and him and his wife started to hang out and connect, and they’re starting to snuggle, and they started to start to have sex, or we’re about to, right? They’re, like, in the process of it, and right in the middle of them doing this, like, getting all crazy, I popped up on the screen talking about the monthly update of what’s happening in the local market, and he said, that’s the biggest buzz.
David Caldwell [00:24:39]:
But the best part about it, right, is he was so impressed by that marketing that he told that story to Nazar. Think about that.
Nazar Kalayji [00:24:45]:
He didn’t tell me the story. He told a friend who told a friend, they got back to me, and to this day, still, there’s that connection that’s made mean, literally, I was at Costco yesterday, and someone just came up to me. He’s, hey, like, you look familiar.
Nazar Kalayji [00:25:02]:
Nazar Kalayji [00:25:02]:
I mean, it wasn’t, hey, that’s not I didn’t reach that point yet. But he recognized my like, it’s all about that. It’s about making that connection so that when you get face to face with somebody, then there’s that familiarity. There’s that, oh, yeah, it’s that trusted brand, in essence, that comes to mind. And so I think it’s important, and you’re right. We are in their TVs. We’re on the phones, and that’s how you need to show up, because you need to be everywhere to be able to be considered.
David Caldwell [00:25:29]:
You guys, there is a culture in real estate that’s anti spending money on advertising. When I hear that as a coach, I just think about all the lost opportunity that they have because the biggest businesses in the world spend hundreds of millions of dollars on their business and advertising, even when they seemingly don’t need to.
Nazar Kalayji [00:25:51]:
I looked up on right now for national TV ad for 30 seconds. It costs $350,000. Obviously, it varies depending on where it’s shown. They said basically it’s five to $10 per thousand views. That comes out to being roughly $0.01, right, per view. But the difference is that who’s got $350,000 to throw in a commercial? None of us do. And nor do we want our face to be shown on another part of the country or whatever, right? So, like, with YouTube, you get very specific on who sees your ad. And that is amazing because that’s exactly who you want to see your ad.
Nazar Kalayji [00:26:34]:
You couldn’t get any better than YouTube ads when it comes to really getting the people. And if you look on like, oh shoot, I only had 500 people see my ad. That’s 500 eyeballs.
David Caldwell [00:26:47]:
That ad I talked about, my Seller Services ad, you guys, has like hundreds of hours of watch time. How does that not serve me? Hey, here’s another hacker tip to maybe get you guys motivated to make these videos. I love MMA. I love the UFC. By all the pay per views. I can run an ad specifically just on the UFC channel. In my community, I think I’m going to find some people that like the stuff that I like. If I do that, hey, when the World Series comes up, you could run a commercial on the MLB channel of some funny message if you wanted to, about the World Series.
David Caldwell [00:27:35]:
You can get really creative within this ad platform. But here’s what I know. Most real estate agents don’t have these videos and won’t make them. You can’t run these ads unless you’re willing to. So the challenge for some of them is like, are you going to make these videos?
Nazar Kalayji [00:27:54]:
I don’t think the videos need to be like, I think a lot of people right here are watching this. Like, oh, well, now I got to make a video. And then what’s that going to be like? So they can get wrapped up in that, and that’s going to stop them from actually doing anything. Like, you guys, we have a green screen. You have the stuff behind you. Like, freaking make the video. Most of my ads are done on my phone. Nothing fancy.
Nazar Kalayji [00:28:17]:
I didn’t hire anybody fancy it’s on my freaking phone. It took 2 seconds to edit it with captions, and it goes on there. It’s that simple. And obviously, when you’re making an ad video, you want to do it this way instead of right horizontally, you want to do it landscape so it shows up better. And it’s that simple. Don’t overcomplicate it. Don’t overthink it. Just freaking get it done.
Nazar Kalayji [00:28:38]:
Done is better than perfect. Over time, you’ll get it better looking or whatever it is. But in the beginning, it’s just about people seeing your damn face over and over and over and over again.
David Caldwell [00:28:48]:
Nazar is 1000% right. And to be honest, those are actually the videos people watch. Statistically, people like something a little bit more rough and unedited. When I first started doing these, like two to three years ago, in my business, if you went back on our page and looked at the old ones I’m standing against, like, a brown wall. It’s really dark. And I’d use a Canva graphic and bring the graphic in to show the stats on the screen. They were horrible. But hey, at that time, the market was frothy and a lot of people clicked through and I made a lot of money from it.
David Caldwell [00:29:18]:
But from a brand perspective, man, it helped. So Nazar’s, right? Don’t get in your head about production value. And if enough people make the videos on the side some other day, on a Friday or something, we’ll do the technical stuff. I’ll get in and we’ll share my screen. I’ll show you guys how to do it, how to run them so you don’t have to spend money with someone else doing them, because it’s very simple.
Nazar Kalayji [00:29:43]:
Nazar Kalayji [00:29:45]:
All right. Thank you so much, David, for coming on here and talking about the importance of making two videos. It’s kind of funny. I was watching a reel right now with Gary Vaynerchuk and he was just saying, I started doing YouTube videos, long know, right when it came out, right when YouTube long form came out. He’s like, for me, it’s not about how many views I get. I’m in it for the long haul. I’m in it for contribution. And I know that that’s all it takes because I’m willing to do the things that other people are not willing to do and I’m going to get the things that they’re never going to have.
Nazar Kalayji [00:30:19]:
And some of you guys still are non existent on social media. I mean, it blows my mind. It absolutely blows my mind. And you have so many limiting beliefs as to why you can’t do it. Please. You’re naturally going to be weeded out, right? This business is going to gobble you up because you have your limiting beliefs, you’re too scared, and you’re literally going to go and work somewhere else because you’re not going to be able to hang. Because if you are not known, you are nonexistent and you’re not going to.
Nazar Kalayji [00:30:51]:
Get the business anyway.
Nazar Kalayji [00:30:55]:
Thank you so much. Go ahead.
David Caldwell [00:30:56]:
Hey, guys, social media is the easiest place to show your sphere and the people who already know, like and trust you what you do on a daily basis and demonstrate your competency. And all it takes is opening up the app and pressing a button 100%.
Nazar Kalayji [00:31:11]:
All right, guys, have an awesome day. Take care. See you next week.
ABOUT: Fiv Realty is a high-split, low-cap, cloud-based brokerage that believes in COLLABORATION with a growth mindset. Empowering real estate agents to take Fiv steps forward to ACHIEVE SUCCESS and BUILD WEALTH.
🙌 Collaborate with top real estate agents in the country.
💰 Get more money in your pocket with a cloud-based brokerage.
🏆 Highest revenue share in the industry.
➕ Commission+ helps you develop your business.
🌿 Grow with us as a founding partner.
CURIOUS ABOUT FIV REALTY and want to learn more?
Schedule a call with us at https://calendly.com/fivrealtyco
Let’s Get Social!
Want to learn from top nationwide real estate agents? Go to fivrealty.com/masterclass.
Fiv Realty: Together We Can Simply Achieve More!