REALonomics » Chris Schuld http://realonomics.net real estate business models in the consumer-centric era Thu, 26 Aug 2010 19:42:13 +0000 http://wordpress.org/?v=2.8.6 en hourly 1 GEEKology – Without the Mythology http://realonomics.net/2007/03/geekology-without-the-mythology/ http://realonomics.net/2007/03/geekology-without-the-mythology/#comments Wed, 21 Mar 2007 22:18:32 +0000 Chris Schuld http://realonomics.net/2007/03/geekology-without-the-mythology/
  • Market Bummer = Owner Ops
  • By Owners, for Owners
  • # 8 – Why Buy What’s Free?
    • ]]>     PC SillouetteTechnology, no one can doubt, is reshaping the real estate industry. We are in a Renaissance of redevelopment. Fortunately, all of this transformation has allowed me to observe from a distance and close-up the adaptations real estate agents and their owners are making to the industry’s great challenge of all…incorporating technology and the Internet into their business models in sustainable and profitable ways.

    It is no longer about “we have a company website with IDX.” Today’s business development challenges must take the development much further, indeed, into the realm of consumer feasibility, consumer centricity, consumer capability…see the theme? It’s all about “them.”

    Most of the real estate agents working in and around the market where I reside are out in front of their company owners when it comes to technology and the Internet applications. More importantly, it is not a necessary evil to top producing real estate agents, it is the nucleus of their business and future of their ROI.

    GEEKology 101

    Fundamental to Internet business development strategies are the answers to these questions:

    • Does your Internet business model open brand new markets without buildings?
    • Does your Internet strategy included the empowerment the consumer to interact?
    • Does your Internet blueprint reduce or eliminate personnel and paperwork?
    • Is your Internet Business model simply an expression of your bricks and mortar?
    • Is there a value proposition in your model that extends recruiting opportunities
    • Does your strategy include officeless agents working multiple markets?

    In GEEKology 101 we return to the basis business fundamentals that address issues like market expansion, consumer services, streamlined, cost-effective, high-tech operations, reduction of fixed retail-like overhead, recruiting, borderless agents and
    new business development strategies.

    GEEKology at the Post Grad Level



    While the real estate industry is grappling with IDX and VOW issues, owners can implement strategic business development strategies
    that include paperless tools, cutting-edge online recruiting ideas like TakeOurTest.com
    and market management models such as e-Partner.

    REALonomics is about the exploration of owner-centric business models that can empower real estate company owners to reposition themsleves with technology and the Internet in order to manage the changes occurring within the industry.

    We will soon move into the Post Grad Courses, beyond Web 2.0 and into frontiers we have yet to discover…call it Double Jeopardy, where the stakes will be even higher. This era is just around the corner. Owners who begin the transition toward empowering their organization with the tools to be more fluid will find themselves riding the crest of the profitability wave.PC Sillouette

    Related posts:

    1. Market Bummer = Owner Ops
    2. By Owners, for Owners
    3. # 8 – Why Buy What’s Free?

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