This document provides an overview of starting a real estate services business. It discusses classifying real estate services, setting up the business, building a customer base, managing payments and finances, and brand building. The key steps for setting up the business are to identify a service gap, create a legal entity and brand identity, hire employees if expanding, identify and serve customers, and recover payments. Managing payments involves setting standard terms, focusing on customers initially, having 6 months of finances, and breaking payments into installments. Brand building requires identifying a unique name, logo, cards, website, attire, focusing on customer problems, and representing brand value.
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01 managing real estate srevices business edp sims
2. Trainings by Vidya Bhagwat
Agenda
1. Classification of real estate services.
2. Real Estate services business set-up (Planning to Execution).
3. Building Real Estate Customer Base.
4. Managing client Payment And business Finance
5. Brand Building.
3. Trainings by Vidya Bhagwat
1. Real estate brokerage services.
a. Rental brokerage Services.
b. Buy and Sell brokerage services.
c. Investment services.
2. Relocation Services.
3. Architecture Services.
4. Legal Services.
5. Other Services.
Classification of real estate services
4. Trainings by Vidya Bhagwat
1. Identify -Identification Real Estate Services Gap, which you can
fill and chose your service area with respect to that.
2. Create-Company Formation.
1. Create legal entity .
2. Create Brand Identity
3. Hire-Hiring People / Employee, if youre expanding business.
4. Serve -Identify, Reach and Service customer
5. Recover -Recover your payment from Customer/market.
Real Estate Service Business Set-up
5. Trainings by Vidya Bhagwat
Real Estate Brokerage Business Model
Property
Customer
Real Estate
Consultant
Knowledge
6. Trainings by Vidya Bhagwat
Real Estate Brokerage Business Model
Consultant
Buying
Rental
Investment
Close the deal
Match Requirement
Acquire Customer
Acquire Property
7. Trainings by Vidya Bhagwat
Address Two Important Areas of Failures
Managing clients payment and business finance
Brand Building
8. Trainings by Vidya Bhagwat
1. Know standard payment terms & condition form the market.
2. Starting first 3 months business focus on customer rather
than payment.
3. At least 6 months finance with you for business.
4. While serving customer clearly state terms of services and
payment.
Managing Clients Payment and business Finance
9. Trainings by Vidya Bhagwat
5. Create a group of lender, who can lend you as loan and &
developer who can pay you advance for service used.
6. Break payment terms and conditions.
a. On booking 10%
b. Registration 30%
7. Do monthly Accounting for income and expenses.
Managing Clients Payment and business Finance
10. Trainings by Vidya Bhagwat
1. Identification unique name.
2. Create good logo.
3. Make a visiting card.
4. Professional mail id, website, office set-up.
5. Create a brochure, pamphlet, of your service offering.
Brand Building
11. Trainings by Vidya Bhagwat
6. Wear best attire for time of meeting with client.
7. Focus on customer problems.
8. Sending thank mail or SMS to client.
9. Brand represent value, focus on brand and its value.
Brand Building