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POLL: Uni Assignment - Internet Property Business Idea; Seeking Property Investor & Developer Opinions Please!!
Topic Started: 6 Oct 2015, 09:15 PM (1,918 Views)
ThePauk
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'Entrepreneurship & Innovation'

And you want to do something in property?

Does not sound like true Entrepreneurship & Innovation to me.... I would not be impressed as a Professor.
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flisjon
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stinkbug
8 Oct 2015, 05:46 PM
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?
I completely understand, even if it is a criticism any smart business owner would take it on board and use the information.

I also realised that I haven't made it very clear, if at all.... the website would cater specifically for new residential developments, rather than all residential sales.

So the site would be aimed at serving a niche market of investors (and buyers) that are interested in buying off the plan or brand new.
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peter fraser
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flisjon
8 Oct 2015, 06:33 PM
I completely understand, even if it is a criticism any smart business owner would take it on board and use the information.

I also realised that I haven't made it very clear, if at all.... the website would cater specifically for new residential developments, rather than all residential sales.

So the site would be aimed at serving a niche market of investors (and buyers) that are interested in buying off the plan or brand new.
Your customers are really the developers. If you get them on board and drive sales they will use your facility. Initially you may have to work for zip to get some runs on the board.

Apart from an English website for Australian buyers, have you considered a number of Asian language versions for FIRB complying foreign buyers?
I could be wrong but there may be a niche for that. Many developers are marketing through foreign channels at a high cost, but you would need several websites, especially one in China.

Any expressed market opinion is my own and is not to be taken as financial advice
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zaph
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ThePauk
8 Oct 2015, 06:23 PM
I would not be impressed as a Professor.
Just as well you're just a cert I student. Polish those spoons!!
Edited by zaph, 8 Oct 2015, 06:55 PM.
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flisjon
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peter fraser
8 Oct 2015, 06:41 PM
Your customers are really the developers. If you get them on board and drive sales they will use your facility. Initially you may have to work for zip to get some runs on the board.

Apart from an English website for Australian buyers, have you considered a number of Asian language versions for FIRB complying foreign buyers?
I could be wrong but there may be a niche for that. Many developers are marketing through foreign channels at a high cost, but you would need several websites, especially one in China.
Exactly right. The developers are the customer, so yes to gain initial traction there would be a requirement to provide the service at a significant discount or free.

And yes, developing a multi-lingual website to cater for the foreign investor market is the logical step after developing a working MVP. More than likely this market would also form the largest user base of the website.
ThePauk
8 Oct 2015, 06:23 PM
'Entrepreneurship & Innovation'

And you want to do something in property?

Does not sound like true Entrepreneurship & Innovation to me.... I would not be impressed as a Professor.
I guess that depends on what you would classify as Entrepreneurship and Innovation? Entrepreneurship is a pretty straight forward definition.

As for Innovation, you could argue that it is subjective. What one person thinks is einnovative, might not be to someone else. But innovation definitely doesn't have to mean reinventing the wheel. It can come in many different forms.

As for "doing something in property", the industry is ripe for disruption. It's a big market and there has been very little in the way of technological change, which is exactly why startups/companies such as OpenAgent are raising impressive amounts of venture capital.
Edited by flisjon, 8 Oct 2015, 07:02 PM.
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ThePauk
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zaph
8 Oct 2015, 06:54 PM
Just as well you're just a cert I student. Polish those spoons!!
Cert 1...lol
No, I was USQ Lecturer for 1 year, school of education.

flisjon
Yep, I get that the definitions are open to interpretation, however adaptive use of existing technologies in property is not really creative or sexy.
Connecting sellers and buyers via a website....mmmmm...
Just not enough outside the box thinking for me. I would rather think that something inventive, new, bold and untested would attract my attention. It need not be big, just new.
Edited by ThePauk, 8 Oct 2015, 08:25 PM.
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Mallard
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Online market places are created by solving the supply side. You'd need to offer a share of the business to large developers, like realestate and carsales.com.au did to get them on board.
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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Jimbo
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flisjon
8 Oct 2015, 07:00 PM
Exactly right. The developers are the customer, so yes to gain initial traction there would be a requirement to provide the service at a significant discount or free.
Ask yourself this.

Could an existing website, with developers already listing, incorporate what you intend to do with relative ease?

Could realestate.com.au simply just add a button and make you irrelevant?

The safety pin was an innovation. The slightly larger safety pin was not.

Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be :?: rising.
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flisjon
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Admin/Mod please remove this topic, it's of no use to me and would like it to be deleted.
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stinkbug
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flisjon
9 Oct 2015, 02:05 PM
Admin/Mod please remove this topic, it's of no use to me and would like it to be deleted.
You need to ask more questions and stimulate discussion.
---------------------------------------------------------------

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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