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Please select the most appropriate option
Property Investor - Yes! I would use this. 1 (33.3%)
Property Investor - No. I wouldn't use this. 2 (66.7%)
Developer/Project Manager - Yes. I would use this website. 0 (0%)
Developer/Project Manager - No. I wouldn't use this. 0 (0%)
Total Votes: 3
Poll removed
poll removed 0 (0%)
Poll removed 0 (0%)
Total Votes: 0
POLL: Uni Assignment - Internet Property Business Idea; Seeking Property Investor & Developer Opinions Please!!
Topic Started: 6 Oct 2015, 09:15 PM (1,915 Views)
flisjon
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Hi All!

To quickly introduce myself, my name is Ellis, i'm a current final year Business student at QUT. I'm undertaking a subject this semester called Entrepreneurship & Innovation that requires us (students) to develop a business concept and subsequent business plan. I've come up with an internet business for Property Investors & Developers.

If you are able to spare a few minutes to read the concept and respond to the poll, that would be fantastic! Also feel free to comment with suggestions and recommendations, as all feedback is welcomed. (Both positive and negative).

The concept is an Internet marketplace for Property Investors & Residential Developers/Developments. (Before you roll your eyes, there is more to it :to: )
How it would work:

For Investors
- It will function like a directory. (search suburbs/locations)
- Investors can "subscribe" to receive 'updates' on a listed development. (Does not matter if you have purchased or not)
- Receive 'updates' on project schedule as updated by the Developer. (Updates might be in the form of a weekly update or if project is on time, on target, changes, issues etc.)
- Free to use and subscribe to receive the updates.
- Info kept private, so can only be contacted by a Developer through the website itself. (Private Message)
- Can set 'desired' investment criteria & be notified of newly listed developments that match your criteria. (First to know, initial sale discounts etc)

For Developers (
- Create listing of the development (images, details of the development, pricing {if applicable}, availability, quantity, size, features, location etc)
- Provide "updates" via the website which automatically notify ALL "subscribed" users.
- Can save considerable time by having existing customs "subscribed" to the development, then all receive the information and updates at the same time.
- Can be used to determine interest in a proposed development?
- Generate new leads
- Used as part of the marketing mix
- Acts very much like a customer management CMS

That's pretty much the basic concept, it's to make Investors (& buyers) life easier by having it in one easy place. Similarly, it aims to save developers or project managers a lot of time going back and forth managing information between customers/potential customers.

So if you have read this far and voted YES or NO on the Poll, I thank you for your time!

Cheers,
Ellis
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Mallard
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Thread killer

Like this?

http://www.realestate.com.au/new-homes/new-apartments-in-nsw?lat=-33.87784302660748&lng=151.0419995654296&zoom=11
Collecting desperation.
Ex-Bp Golly April 2 2015. "I see with a slight overshoot -70% [fall in Sydney house prices] as being well within possibility"
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flisjon
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Mallard
6 Oct 2015, 11:26 PM
It could look and feel similar to that REA feature, which also happens to work exactly like other Property Development directories.

The real aim of this concept would be to create value for both Investors & Developers, beyond just making the connection. That's why it would include the extra features within the website.
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zaph
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flisjon
7 Oct 2015, 12:22 PM
It could look and feel similar to that REA feature, which also happens to work exactly like other Property Development directories.

The real aim of this concept would be to create value for both Investors & Developers, beyond just making the connection. That's why it would include the extra features within the website.
What extra 'value' would it create.

Who's paying for this service?
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flisjon
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zaph
7 Oct 2015, 12:40 PM
What extra 'value' would it create.

Who's paying for this service?
Hi Zaph,

The service would be completely free to use as an Investor/interested buyer/visitor of the website. The Developer would pay some sort of listing fee for using the service.

For investors, the value is generated in a few ways:
- Find/compare/browse new developments all in one website. (similar to the REA website linked above)
- Having all detailed information about the developments they are interested in ("subscribed to") in one location.
- Notified instantly when new developments are listed (that they might be interested in). Therefore being able to enquire and potentially purchase at initial discount prices.
- Stay informed about the schedule and "updates" on the development without having to Ring/Email/Enquire with the developer.
- Not have to provide personal information to developers or agents to view information about the development. (Can only be contacted via the website)
- See questions and answers asked of the developer from other "subscribed" users. This means full transparency of information and their questions may have already been asked.

For Developers/Project Managers:
- Advertising the development
- Lead Generation (contact only through the website)
- Can have all existing clients in one location, receiving the same information.
- "Updates" on the development are posted via the website, notifying "subscribed" investors or buyers that there is a new update on the project. (Saving hours of following up with individual buyers/interested parties each week)
- Determine initial interest for the project before sales open (XX Number of Subscribers to the development listing)
- Allows easy transparency of information
- Answer questions asked of buyers/investors via the platform. (Transparency and saves time answering the same questions of different people)

You might be able to argue that for the developer/manager, it acts like a customer management/investor relations system?

I hope that answers the question :)
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stinkbug
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So what value is created that can't be delivered through something like allhomes.com.au?

The online marketplace concept is not new.
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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Web guy
Unregistered

I build websites for a large firm here and in 11 years or so this is right up there with 'facebook 2.0' and 'I wanna build ebay, but better, you know with more stuff!' I like the idea the concepts completely based on both existing tech but also a host of sites that already do it bigger and better. Still good that someone's thinking out there. And by thinking I mean outright copying a concept that's already been tried, tested, rolled out and creating revenue!!

Some other business plan could be
Head book - facebook but you pay for membership and you can only put pictures of heads online
Flea bay - ebay but you charge more for listings and the colours and logo are different
Find my idea - an auction site where people suggest ideas to people putting money down first. Some ideas will be awful but some will also be not so bad

Got a lot more but I don't have time to put them all down, I'm too busy building the site here that's been mentioned so we can get to market first :) lolz!
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zaph
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stinkbug
8 Oct 2015, 01:35 PM
So what value is created that can't be delivered through something like allhomes.com.au?

The online marketplace concept is not new.
Unicorns?
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flisjon
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Thanks for the feedback guys.
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stinkbug
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My comment isn't necessarily a criticism, it's simply a question anyone who runs a business would ask. What are you doing differently that provides something special?
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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