Our way of doing business
We are a boutique estate agency
and consulting business outfit.
Boutique suggests smallness, unique and personal as well as differentiated
services recognizing that each client has different objectives, motives,
time frame and market and financial risks profile.
All decisions and
proposals are tailored differently under a set market conditions and
market forces based on a detailed understanding of the investor / purchaser/
owner needs.
All business should be centered around the customers we
serve – in the agency business it is the clients , noting however that each
customer is a potential client. A business can achieve its financial targets
and objectives if all the members work as a team based on the trust and
confidence, and are empowered and
supported to deliver the customer care and concern. All business must be
personal business- this is the bridge of goodwill and invaluable for repeat
business.
Internet marketing
Facebook , wats app, emails and sms – will be the key internet
social media marketing tools helps to improve
productive communication – increasing the speed of response – where quick
decisions are based on timely information. Other modes of mobile internet
based marketing will create quick access to beat the competitors- e.g a specific android app to support all the sales persons in the field.
Smart Companies
Smart companies are process and program driven. A
process creates a routine and familiarity and shortens the learning curve
for new members to embrace the systematic approach to grow the business
in the face day to day business needs to generate sales and closing
transactions as easy as ABC – always be closing . If we are in the
coaching/training business all the time, we will be out of business. The
systematic approach must be a rigorous discipline in a holistic / total
matching approach to each set of transaction- potential client, customer
and concept of the subject property. For each transaction, all the 3 C
variables must be packaged at the outset to reach their specific markets.
Smart companies invest in knowledge. Agency business is not only about who
you know ( connection) but also what you know ( concentration) . Good
research and online information – quick access to syndicated reports can
provide a quick assessment - asking prices and values and also other
property parameters. It calls for concentration and preparation. Nobody
prepares to fail but many fail to prepare.
Human factor
In every transaction, negotiation and structuring the
unique requirements coming from the buyers and sellers is an exercise of
due diligence- going beyond the maths and numbers. Understanding the human
factor/element i in the sellers and buyers can help us read between the
lines.. A good understanding of human nature, their emotions, and towards
this end, the company can be successful if it always deliver and create
value for its customers and under a set of given market conditions to get
the best lowest price for the buyers and secure the highest prices for the
sellers. Time and timing to achieve this is often uncertain, hence, never
make promises or representations.
The real estate agency business is a motivation
business- a coaching system build on the strong helping / supporting the
weak to achieve best overall results – with no agents left behind. It calls
for bonding . Some competition can be healthy but it must not degenerate
into a hostile and distrusting environment. Like they say, employ the
people you trust and trust the people you employ.
The human factor must include corporate
responsibility. It starts at the individual level- from the recruitment of
sales person/ sales agents to build the desired corporate values for the
firm whereby all members are encourage to bless others – e.g orphanage, old
folks home, homeless, the sick. This is the best starting point in building
professional agents with integrity, truthfulness and honesty. The charisma
of the CEO/ top leadership and the company polices are most influential in
shaping and a corporate culture which can endure and sustain its business
even under difficult external circumstances and marketing conditions and in
the face of change and uncertainties especially at this time.
The realistic staging of the project marketing
vis-à-vis resource available is most Important. Good planning , preparation
and execution depends on planning your work and working your plan.
For the delivery of services and consistent high
standards, whilst the experience of the likes of big agencies are useful,
each company have to decide on its matrix of services in terms of range and
depth and their associated costs and value-adding to the process, such as :
(i) Training Center/ motivation programs/ courses/
testimonies/ continuing updates ;
(ii) Support facilities-online system, syndicated login
services, matching support, listing support, sms and email support-
probably more mobile technology driven than before with the avalanche of
portable PC, tablets and smart phones e.g 3G ;
(iii) Recruitment and incentives- to have a clear and
established structure of commissions/ costs centers and costs sharing;
(iv) Transaction – activities- listing, matching and
viewing and proper documentations and follow up so that in the event of
legal challenges, the company is ready with evidence against allegations;
(v) Dedicated admin support - reporting and updating
and sharing of information amongst all members e.g CES guidelines and
government regulations, research reports..etc, preparing all marketing
tools, advert placements, production of flyers, and other logistical
support;
(vi) Finance and accounts- strategic budgetry control
and active payment and purchasing control must have strict checks and
balances – in awarding of contracts, purchasing ..etc to ensure as well as
to avoid embezzlement of funds and other unauthorized actions which lead to
loss to the company. For every business, balance of sales revenue, net
profits and costs/ expenses must be sensible. There must be good
budget recommendations and buffer of 20% more at the planning level.
Stay trim at all cost by controlling the costs. Costs overruns and inadequate
funding can create problems for our clients and for the company as a whole.
(vii) External related services- property transaction
is seen as bundle of services involving bank loans, valuation and legal /
conveyancing, renovation as well as application to government bodies- hence
these ancilliary services support may also be helpful.;
(viii) Relationship building based on trust, service,
quality and reputation will be the keys to unlock/ create value for
sellers and purchasers as the case maybe.
(ix) All discussions and and instructions must be in
writing whether by email, and not "trust me" verbal statements. All
disputes, allegations and complaints and or payments issues must be resolve
based on supporting documentations in an amicable manner and not by way of
allegations and impartial witnesses..etc
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