This research analyzed the effect of Real Estate Broker's use of SNS marketing on managerial performance in order to stimulate domestic real estate business which is still using off-line based marketing method.
Based on previous researches, this pape...
This research analyzed the effect of Real Estate Broker's use of SNS marketing on managerial performance in order to stimulate domestic real estate business which is still using off-line based marketing method.
Based on previous researches, this paper examined the effect of homepage and blog advertising, search advertising and portal site advertising on managerial performance of real estate broker business. In particular, the significance of this research is in suggesting a method to maximize managerial performance in real estate broker business in Korea via SNS marketing by analyzing the effect of portal site advertising on managerial performance
For a marketing method, homepage, blog advertising, search advertising and portal site advertising that are most frequently used today was chosen. Managerial performance was then grouped under financial managerial performance (sales, number of broker requests, transaction volume, comparison to other businesses, cost of office maintenance) and non-financial managerial performance (client development, data collection, increase in traffic, request for joint brokerage, customer retention rate) for analysis.
In order to perform hypothesis verifying, the members of Korea Association of Realtors and Seokwang-dong Realtors Association were used as a sample. The questionnaire survey was conducted for 2 weeks from May 18 to June 1, 2015. A total of 200 questionnaire surveys (100 offline survey, 105 online URL : https://goo.gl/Bneioc) were distributed. A total of 180 surveys were collected. The questionnaire used n this research consisted of a total of 40 questions based on 4 measurement criteria.
A total of 4 hypotheses were formulated and the empirical analysis showed the following results.
First, real estate broker’s SNS marketing use positvely affected financial managerial performance.
real estate broker’s SNS marketing use affected financial managerial performance through attributes such homepage and blog advertising and portal site advertising, excluding search advertising.
The correlation analysis showed that the most important attribute through which real estate broker’s marketing use affected financial managerial performance was portal site advertising.
The results were obtained because the recent enhancement in specialization of real estate category and usefulness of collecting information in major portal site services added convenience to both realtors and users.
Second, real estate broker’s SNS marketing use positively affect non-financial managerial performance.
Similar to financial managerial performance, the attributes though which real estate broker’s SNS marketing use affect non-financial managerial performance included homepage and blog advertising and portal site advertising, excluding search advertising. Among non-financial managerial performance, traffic increase in homepage and blog accounted for the highest share, in which SNS marketing implementation led to immediate results.
The utilization rate of search advertising, which is relatively most difficult to use, did not affect non-financial managerial performance.
Third, the location of realtor’s office negatively affected financial managerial performance.
The moderating variable did not have a significant effect in the regression analysis. In model 3, the explanatory powe of regression equation was 84.7%. Also, it did not have a significant effect on the interaction factor to which the interaction factor(axb) of SNS marketing ability and moderating variables were added.
Fourth, the location of realtor’s office negative affected non-financial managerial performance.
The moderating variable did not have a significant effect in the regression analysis. In model 3, the explanatory powe of regression equation was 87.7%. Also, it did not have a significant effect on the interaction factor to which the interaction factor(axb) of SNS marketing ability and moderating variables were added.
In the realtor’s market today, there are more people in their 40s-50s who are not good at using the Internet than people who are good at using the internet.
Therefore, it is necessary to develop a plan to stimulate use of Internet marketing by providing professional training and promotion.