Business

How to Start a Real Estate Startup?

I am glad if you’re starting your real estate startup in 2021. The time is in your favour, especially if you’re living in Canada. The first three month…

Published

3 years ago

July 6, 2021

jwatson

How to Stat a Real Estate Business in 2021?

I am glad if you’re starting your real estate startup in 2021. The time is in your favour, especially if you’re living in Canada. The first three months of COVID-19 were very crucial for the real estate business. But then we recovered more than what we lost.

So, when you‘re new to this business, you need to be vigilant and smart to succeed in the long run and make the best out of this business.

This post is a guide to start a real estate startup. It would help you begin smartly instead of aimlessly.

Let’s begin.

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Establishing Your Own Real Estate Startup

Is it really for you?

While this question might sound customary, it’s vital to answer it. Questions like this develop a curiosity that helps boost our efficiency.

So why do you want to start your own real estate business?

Is it the money you see?
Or do you love helping people buy and live in a house that makes them happy?

I won’t choose option one if I want to grow in the long run. That leaves me with option two. And I know when there’s passion, there’s hard work, and where there’s hard work, there’s good money.

So, do point out all the factors you want when starting this real estate business.

Don’t enter now; learn first!

That phrase goes for anything you’re about to start. Be it a job or a business, you have to learn as much as possible before you begin your journey. And this learning would even continue even after you have started whatever you intended.

There are different ways to learn about the real estate business:

Read blogs and reports,
Meet real estate professionals and raise your questions and concern,
Register with a professional body to become an authorized agent.

Before entering this venture, you should answer questions like how’s the housing market doing? Or what are the prices of condos for sale in Oakville or bungalows for sale in Brampton today? Such information is easily available on the internet and should be at your fingertips.

Then you also want to meet and connect with real estate professionals. Join local real estate communities if there are some. You also could find some friendly real estate professionals on social groups like Reddit. Ask questions and gain to smooth your pathway to becoming a real estate professional.

In some parts of Canada (most probably other countries), there’s a special diploma or certification for real estate professionals. If you’re just lining up, you might have to register for a real estate course for agents. Or, if you’re already a professional and want to grow, you might have to register for a more advanced course.

That was the easy part of starting your own real estate business. Now it’s time to get professional.

Get a CRM

It’s vital to have some tools besides having proper certifications/diplomas. For this, we suggest having a good CRM for your new venture. A CRM (Customer Relationship Management) system helps in organizing your contacts with actionable insights. A CRM greatly helps in generating leads and managing them in an orderly form.

A CRM system is incredibly useful in a real estate business to reduce paperwork and manage leads efficiently among the agents.

Have a business plan

Having a business plan always help you stay on the right path, track your performance, and identify the problems found through the way.

Create a business plan defining your short-term and long-term goals. Your short-term plan would generally focus on a three-to-six-month time frame, setting your revenue and profitability targets for the period. In comparison, the long-term plans can include goals, such as five-year income forecasts, expansion plans, hiring goals, etc.

According to a study, businesses with business plans perform 2.5 times better than those without a plan.

If you want to learn to write a business plan, here is a quick guide for you: How to Write a Business Plan (2021)?

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Create an online brand

Much like your physical business presence, you also need to have an online presence. Get a website for this. No need to go shiny. Get ideas from your local real estate brokers’ websites and create a new one.

Create an effective marketing plan

Besides having a business plan, you must have a marketing plan.

We all know technology is taking over businesses. Real estate is no exception to this. So when we talk of marketing and technology, the first thing that comes to our minds is digital marketing. Believe me, most homebuyers today use search engines to find their next home and their potential realtor. So to rank above those already existing in the market, you need to do SEO (search engine optimization) for your company’s website. You would need a professional for this job.

Then comes social media marketing – make your presence on social media websites like Facebook, Instagram, and LinkedIn.

Last but not least, hire a content writer or write your own website content and blogs.

Note: digital marketing is a whole other topic and can’t be covered here. But it vital for almost every business, and you need to have a professional team to do this job.

Prospecting

Every business needs to have regular interactions with their prospects, even when they don’t buy. Justin Seeby, the co-founder of Graham Seeby Group, tells an incident when he sent a postcard to one of his age-old clients he hadn’t spoken to them for over 13 years. And that ended up in another business deal. He sold their $800,000 house and got them a new $1.2 million house.

Staying in touch isn’t that hard and pays you well. You could send regular emails to your prospects, give them a phone call (if they don’t mind it), or send them postcards.

Keep it rolling

The last thing to mark is to keep rolling in an upward direction, never losing hope. To become a successful realtor, you must keep reiterating the steps mentioned above; learn, use technology to organize yourself, plan, market, and improvise when and where necessary. With proper steps, it gets easy to start anything and keep it moving.

Related Topics:Real Estate Business Real Estate Startup

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David Beckham, Soccer Legend, Sues Hollywood Star Mark Wahlberg for Allegedly Defrauding Him of $16.4 Million

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13 hours ago

April 23, 2024

Manoj Nair

David Beckham, Soccer Legend, Sues Hollywood Star Mark Wahlberg for Allegedly Defrauding Him of $16.4 Million

Former deep friends and business associates, soccer legend David Beckham and Hollywood star Mark Wahlberg, are now crossing swords, with the former suing the latter over an £8.5 million ($16.4 million) dispute.

David Beckham Lawsuit Against Mark Wahlberg’s F45 Training Company

In his lawsuit, David Beckham alleges that Wahlberg’s F45 Training Company behaved fraudulently and misled during business transactions.

The lawsuit also names Wahlberg’s Mark Wahlberg Investment Group (MWIG), and F45’s founders, Adam Gilchrist and Rob Deutsch, as defendants.

The legal battle between Beckham’s firm, DB Ventures Ltd, and Wahlberg’s F45 Training began in 2022 and was later joined by Australian golf entrepreneur Greg Norman. However, the Judge directed the two parties to present their cases separately. Both Beckham and Norman alleged in their filings that Wahlberg misled them into becoming brand ambassadors. Beckham also claimed in the filing that he lost over £8.5 million because he did not receive the promised shares just before their value plummeted.

Beckham’s company, DB Ventures Ltd, had signed a deal with F45 Training, a company in which Wahlberg has a 36% stake and also serves as the chief brand officer. Beckham’s association with Mark began when he moved to California to play for the L.A. Galaxy and became F45’s Global Ambassador. Beckham, who has millions of social media followers, immensely benefited F45 through this association. However, Beckham never received the $10 million he was promised, and subsequently, the company’s shares tanked.

Wahlberg has refuted all the allegations as baseless and called for the lawsuit to be dismissed. He added that Beckham’s company is blaming everyone but not examining its own actions. Relations between Wahlberg and Beckham were very cordial, and the two were neighbors when the former English footballer moved to Los Angeles in 2007, residing in the same Beverly Hills location. Beckham also promoted F45 on social media, including Instagram, but the posts have since been deleted.

Beckham’s wife, Victoria Beckham, celebrated her 50th birthday on Saturday at a club called Oswald’s, along with her family, including her children Brooklyn, Romeo, Cruz, and Harper. The birthday party was also attended by her former Spice Girl bandmates Emma Bunton, Mel C, Mel B, and Geri Horner. The guest list also included Eva Longoria, Gordon Ramsay, and Tom Cruise.

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Rizwan Sajan Net Worth 2024: How Much is the Indian Businessman Worth?

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Vishnu Chaudhary

Rizwan Sajan Net Worth 2024: How Much is the Indian Businessman Worth?

Who is Rizwan Sajan?

Rizwan Sajan is a distinguished Indian entrepreneur renowned for his founding role in The Danube Group, a leading building materials company based in Dubai. Despite humble beginnings, Sajan’s journey exemplifies resilience, determination, and the transformative power of entrepreneurship.

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Rizwan Sajan Career

Sajan’s career trajectory reflects a remarkable rise from modest origins to entrepreneurial success. Starting as a hardware store employee in Dubai during the early 1990s, he laid the groundwork for his future endeavors. His entrepreneurial spirit led him to establish The Danube Group in 1993, marking the beginning of his pioneering journey in the business world.

Rizwan Sajan Net Worth

As of 2024, Rizwan Sajan’s net worth stands at a staggering Rs 18,000+ crores. This substantial wealth places him among the elite echelons of business magnates globally, underscoring his exceptional achievements and contributions to the industry.

Rizwan Sajan Age

Born on August 8, 1963, Rizwan Sajan is currently 60 years old, symbolizing a lifetime of dedication, perseverance, and entrepreneurial prowess.

Rizwan Sajan Family: Wife and Children

Sajan cherishes a strong familial bond with his wife, Sameera Sajan, and their son, Adel Sajan, who is married to Dr. Sana Sajan. Their close-knit family dynamic underscores the importance of love, unity, and support in Sajan’s personal and professional life.

Rizwan Sajan Height and Weight

Specific details regarding Rizwan Sajan’s height and weight are not widely available, emphasizing the focus on his accomplishments rather than superficial attributes.

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Karl-Erivan Haub Net Worth 2024: How Much is the Former Managing Director of the Tengelmann Group Worth?

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Karl-Erivan Haub Net Worth 2024: How Much is the British musician and bassist Worth?

Who is Karl-Erivan Haub?

Karl-Erivan Haub, a prominent figure in the German retail industry, was born into the influential Haub family on September 29, 1932, in Wiesbaden, Germany. He was the son of Erich Haub and Elizabeth Haub (née Schmitz-Scholl), belonging to the esteemed Mülheim family Schmitz-Scholl, renowned founders of the Tengelmann grocery chain.

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Karl-Erivan Haub Career

Haub’s career trajectory was marked by his dedication to the Tengelmann Group, one of Germany’s largest retail entities. After completing internships in the United States and obtaining a degree in economics from the University of Hamburg, Haub joined the family business in 1963. He ascended to the position of managing director in 1969, steering the company’s strategic direction towards retail trade expansion. Notable milestones include the acquisition of The Great Atlantic & Pacific Tea Company in 1979, which cemented Tengelmann’s international presence.

Karl-Erivan Haub Net Worth

At the time of his passing in March 2018, Karl-Erivan Haub left behind a significant net worth of $6.4 billion. However, recent developments have sparked intrigue, with reports surfacing of his alleged reappearance in Moscow after being declared legally dead in 2021. The circumstances surrounding his net worth remain uncertain amidst this perplexing saga.

Karl-Erivan Haub Age

Born on September 29, 1932, Haub would have been 91 years old in 2024 if he had not been declared legally deceased in 2021.

Karl-Erivan Haub Family: Wife and Children

Haub was married to Helga Otto in 1958, and together they had three sons: Karl-Erivan, Georg, and Christian W.E. Haub. His dedication to family and philanthropy underscored his personal and professional endeavors, leaving a lasting legacy beyond the business realm.