REI WEALTH MONTHLY Issue 36 (The Best of REI Wealth Monthly) | Page 91

CONNECTING WITH PROSPECTS WORLDWIDE RICK TOBIN
The popular non­U. S. based social networks include:
* Qzone * Viber * Wechat * VKontake * Sina Weibo * PengYou * QQ( Chinese instant messenger service with 780 million active users) * Tencent Weibo( Chinese version of Twitter) * Renren( Chinese version of Facebook with 712 million users) * Youku( Chinese version of YouTube; 2nd most viewed video site worldwide)
Approximately 25 %( 1 in 4) of internet users worldwide are Chinese. The internet market in China is, by far, the largest in the world with well over 600 million users as of 2014. As such, the number of Chinese internet users is almost double the entire population base in the USA.
Chinese and other Asian residents are big fans of micro­blogging with short messages. There are approximately 85 % of all Chinese internet users who have a micro­blogging type of account which they use on Twitter( if they can access from their home country), Sina Weibo, and Tencent Weibo. There are a number of social network sites and other online sites such as“ Google Translate” which will instantaneously translate a post in English to just about any other language on the planet( and vice versa). As a result, it is actually much easier to market to foreign prospects online than in person due to fewer language barrier issues.
The larger the pool of prospects for a real estate agent or seller, the more likely the agent or owner will find a qualified buyer or seller. In many U. S. regions, foreign buyers with all cash for residential and commercial properties may reach upwards of 33 % or 50 %+. While most U. S. agents or property owners do not speak more than just their native language of English, they are quite fluent with Social Media skills.