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Report: #991867

Complaint Review: The Real Estate Book - Lawrence Georgia

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  • Reported By: HamondB3 — New Milford New Jersey USA
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  • The Real Estate Book Lawrence Georgia Lawrence, Georgia United States of America

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The Real Estate book boasts that there are no royalty fee's, There are no franchise fee's, There are no territory fee's. What they dont tell you is that you must pay them to print between 16 thousand and 24 thousand books per month. That is in the contract depending what location you are in. When the realty business is slow July August January February, You still have to pay them to print the magazines even though consumers dont even pick them up at retail locations during these times.  What they do tell you is that you could sell a page between 450.00, 475.00, even 500.00 a page. Those days are gone and are not coming back.  At these rates with a 50 page book you could earn 6 figures easily. What they dont tell you is the print business is being replaced with Tablets, Kindle, and now Smart phones since the internet. Younger generation realtors are using all the social sites available to them at no cost. The older generation flip phone realtors that were buying pages prior to the internet are slowly retiring. What they wont tell you is the print media is declining. Does your son or daughter bring home a newspaper or even read one ? If they are under 30 they dont. Some dealers have actually walked away from there books others are just about surviving. If your book is less then 30 35 pages which most of them are, it will cost you money to print the book as per contract.

The sales people are really slick there. They will tell you it will only cost you 8K or so for your first book. Now go out and try to sell pages and take a look at the realtors faces when you try to tell them print is not dead. No its not dead, its in hospice. There are so many territorys for sale the only takers they have are people who dont due diligence. The Real Estate Book has resorted to operating the book themselves because they are not profitable. Asked them how many books they are operating from Georgia ? Then asked then why is there not a dealer running it. They will blame it on the previous dealer for not working hard enough or some other lame reason. Before you write a check to a slick area rep go out to 10 realtors and try to sell a page for 395. You will see how difficult it is. They dont need you, you need them. The Real Estate Book has already claimed bankruptcy only to have the owners buy it at a fire sale. Speak to dealers who have 25 to 30 pages by the time you are done paying for distribution, production, and your graphic artist, there is very little margin left. Yes you could do it all yourself but when you figure out all your time, you are at minimum wage at best. I am not bad mouthing the company. I am just making you aware of what they wont tell you. These are really slick sales people they will have an answer at the tip of there tongue when you test them. Keep in mind after the training course, you think realtors are going to break down your door to by pages. You will be in for a big disappointment.

This report was posted on Ripoff Report on 01/05/2013 01:48 PM and is a permanent record located here: https://www.ripoffreport.com/reports/the-real-estate-book/lawrence-georgia-30043/the-real-estate-book-new-point-media-the-real-estate-book-what-they-dont-tell-you-lawr-991867. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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REBUTTALS & REPLIES:
1Author
2Consumer
2Employee/Owner

#5 Author of original report

Real Estate Book fails in Monmouth N.J.

AUTHOR: HamondB3 - ()

POSTED: Tuesday, May 07, 2013

After 3 months of a new competitor in Monmouth County N.J. The Real Estate Book has failed. New Point Media will try to get it back up, but that would take another invester to lose his or her shirt and boy are they are out there. Scott Dixon real slick guy along with the sales reps he trained.


This publisher will go the way of Block Buster Videos.  ( Never saw  Net flix coming. ) The company and its employees are in denial. Nothing is more sobering then to sell pages in a media that is dated. This is an awfull investment, worse investment ever.

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#4 General Comment

Some Real Helpfull Facts

AUTHOR: Houzer - ()

POSTED: Sunday, April 21, 2013

Fact 1. What the Real Estate Book tries to sell to brokers is offered free from the very company they work for. Tex messaging, Mobil websites, Social networking, internet listings, advertising etc. its all out of there commision.  Coldwell Banker, Prudential, Century 21, Remax just to name a few. Fact 2. There are green publishers in Pennsylvania that will print the exact same book for 20 25% less. Same quality paper, same quality pound paper exact same formatt. But here is the kicker the months home owners chose not to move from November to Febuary and July and August you can reduce your printing run saving you money. In other words you tell the printer the amount of books you want printed opposed to The Real Estate Book telling you what to print. Fact 3. Your cost printing more copies is reduced by private printing, your cost with the Real Estate book increases. Fact 3. When was the last time you heard a radio advertisement from The Real Estate Book ? But you do hear advertisements from all the large brokerage firms. The Broker is better off with the company then an out dated media. Fact 4. The Real Estate Book uses a Company called Key Measures Report. This report measures the amounts of hits on all the major real estate sites. The Real Estate Book is usually in the top 20 or top half. Realty Trac, Zillow, and all major multiple listings lead the top. The Real Estate Book is listed under New Media Point which prints multiple private magazines all the hits are combined to put them in the top 20 or top half. This is to lead brokers to believe the site gets more hits then the brokers they work for, Remax Prudential etc.
Print is not dead buit it is not so centrex to the real estate industry. Vinyle records, VHS tapes, Sony Walkmans, and Flip phones along with print are still around.
Like Paul Harvery always said, here is the rest of the story.

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#3 REBUTTAL Owner of company

The Real Estate Book . The Spin

AUTHOR: Houzer - ()

POSTED: Saturday, April 20, 2013

Scott Dixon is the CEO of New Media Point, he is also part owner who bought the bankrupt company at an attractive price.  While he says intergraded media social media along with print receives optimal results he fails to mention print which really is the core of there business has declined. Of course his has no trucks, no fuel cost, no labor unions, fewer employees, less trees.

He states from 2008 the real estate business has declined everyone knows that. But hear is the difference. The Real Estate Book took two hits, the internet and the housing market. The Real Estate Book was the Google business of the day. You could not touch them. It really was the only way to advertise a home. When the internet evolved there revenues declined dramatically Almost every publisher has gone digital. Next time you are at the supermarket take a look how thin the magazines are. Smart business people do not invest in the past they invest in the future. Before you even think of investing in The Real Estate Book go to at least 15 or 20 Realtors and see if they would buy a page from you for 399.95 dont forget you must sell at least 3 issues at 1,200.00 in order for an ad to get a response. Realtors would be happy to sell 3 houses in 6 months these days. Remember if they dont buy pages you still have to print 18 to 20k books per month.

If your book is less then 30 pages you are losing money every month. So his comment about the business is not for everyone is like saying losing money is not for everyone.

Think about it even Readers Digest has gone digital.

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#2 Consumer Comment

HaHa

AUTHOR: Buster - (USA)

POSTED: Tuesday, January 22, 2013

I have always wondered why i see full bundles at Real Estate offices with the band not even removed and bundles sitting in front of many businesses due to the fact that they were closed when delivery person came by...I guess i know the real answer now...They make you print books you do not need

I agree with most of your post,however i do not agree with the statement that print is dead.

You just need to have professional delivery drivers with just a little bit of sense and a publisher that stands behind them when they tell them that they are wasting their money printing books that do not have to be printed...

These types of companies prey on advertisers by bragging about how many magazines they print and advertisers eat it up,when in reality it does not matter how many are printed,but how many are picked up...These types of companies are not very good environmental stewards and the amount of paper wasted is a sin against nature...I am not a tree hugger,but i will always call out waste.

I have been in this business for 17 years and i know what i am talking about.

Do not give up on print,there are people out there that pick it up and use it...I manage a grocery chains free publication program personally(27 stores) and the number of books picked up by consumer monthly is 25000+...I also contract with 6 different publishers to distribute their books to other locations and that number also exceeds 25000 so print is not dead.

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#1 REBUTTAL Owner of company

Some Helpful Facts

AUTHOR: Scott Dixon - (United States of America)

POSTED: Thursday, January 10, 2013

I am sorry that this individual did hot have a positive experience in our system.  We work very hard to provide training and support to help ensure success at the local level and we take that responsibility very seriously.  But like any business, we do not guarantee success. We are not for everyone and make that clear at the start. 


Some helpful facts:


There is also no question that we, like anyone else serving the real estate industry, have experienced a decline in our business between 2008 and 2012. But that has already begin to shift positively as the housing market began it's recovery in the second half of 2012.  The Real Estate Book enjoys a healthy, respectful and balanced relationship with hundreds of Independent Distributors throughout North America serving nearly 20,000 paying real estate professionals. We operate fewer books from our Atlanta area HQ telemarketing center than at anytime in the last three years, a testament to the recovering market and our ability to secure local Independent Publishers who share our vision.


At the core of this individuals complaint is the issue of belief.  Belief that  local print exposure for real estate professionals and the homes they represent, when combined with a full compliment of digital and mobile solutions will provide optimal results.  We believe a fully integrated marketing solution will provide a far greater ROI for our customers than a print only or online only approach and work diligently, daily towards that end.


Scott Dixon
CEO
NewPoint Media Group, LLC

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