Here’s 6 Ways for You to Start a Property Business
Property business does not always have to be with large capital, even this business can be done without capital. The most important capital to start a property business is speaking skills. Everyone is certainly equipped with the ability to speak from birth, of course this is not a big problem for those of you who want to start a property business. Below is a summary of 9 ways to start a property business from scratch without capital that you might try.
1. Do Research First
Every business should start by doing research or research on the market. Market research is essential to make sure you are buying at a price that is reasonable. So, do some research before deciding to take a property product to be marketed again.
In addition, avoid rushing to buy property before knowing the details, for example price, location, facilities, infrastructure, market needs, and external factors. Some of the external factors that may have an impact on property value are the industrial environment, areas prone to flooding, location near highways, and others.
You will learn how to deal with every failure and of course when you are successful, the feeling of satisfaction is unmatched.
2. Homestay business aka room rental
Especially for those of you who still live at your parents’ house, you can run this property rental business. As long as there is a room or room that is not used there.
With the AirBnB, AiryRoom, Traveloka, Booking.com and so on, you can rent rooms in your house to other people. Those who are traveling or looking for boarding houses may be interested in renting your home.
If you say how much the capital is, it all depends on the situation and conditions as well.
There are risks to renting out a room or part of your house. It could be in the form of damage to facilities, inflated electricity bills, and so on.
Make sure you have made calculations to be aware of this risk before setting the rental price. Then, also make sure the person who rents your house is responsible for using the facilities. Don’t make trouble later.
When pricing, set the price a little higher so that if it sells you make a profit.
3. Create Your Own Property Selling Site
In this era of increasingly developing technology, marketing through online media has become very important.
The reason is, now more people are looking for everything through online media.
This way of doing property business without capital can start from advertising your property on special property sites for free.
Furthermore, you can also market through personal social media.
Actually, as a property agent, you should have your own marketing site.
Do not worry! This property business business is still without capital, really. As a first step, use the free features of blogger.com or wordpress.com. Don’t forget, if your business is growing, then start using a paid domain.
If in the future you find it difficult to set a schedule, then there’s nothing wrong with deciding to find some employees.
4. Create a Business Brand
When business starts to run smoothly, you can brand your own business to make it more professional.
Look for a name that is easy to remember and make sure you have legally registered the name so that things do not go wrong. Prospective buyers and sellers will have more confidence in a service that already has a name and has proven to be useful to them. At this stage, registering a business mark does cost money.
If your budget is limited, you can borrow in advance from family relatives or the bank and commit to returning it on time.
where true success lies is the journey to that success
5. Become a real estate agent
Become a real estate agent. As a property broker, your job is to act as a liaison between the seller and the buyer.
Of course, you need to have special abilities so you can get the best buyers for the sellers who use your services. Fortunately all that you can do over time because experience is the best teacher. In addition, you can also move alone as a realtor. There is no need to be under company auspices.
This is what makes many people become property brokers. If the transaction is successful, you will certainly get a pretty tempting commission.
6. Have an Honest Nature and Build a Network of Relationships as extensive as possible
In any business, honesty is the main foundation because honesty will give birth to the trust of consumers.
When consumers already trust you, it will be easier for you to captivate them to buy your property. In addition, being honest will make your reputation good in the eyes of consumers so that your business can run smoothly in the future.
And by having a wide and many network of relationships, your name will be increasingly recognized. That way, you will find it easier to get information about property and also have the opportunity to have cooperation opportunities.
Be patient in doing business
When this small business has grown to a large extent, you can start a business in the property sector on a larger scale. Do not rule out the possibility that in the future you will become a property tycoon like the crazy rich in Indonesia.