Real estate listing

I decided to come up with a real estate website linking both buyers and sellers. My role is merely to provide a virtual platform for buyers and sellers to interact. Is it lucrative to charge people a listing fee when others don’t?. What will be my critical success factor if suppose I were to charge a listing fee?.

You would have to provide a service (and traffic) that is much greater than that given by the free sites.

It’s a saturated niche, you’re going to have to work your tail off just for a small chance of success though.

Those free services are within a single country. Suppose I were to offer listing of properties from any country and the focus is on a specific classification of property, is this lucrative?.

[QUOTE=solomon_13000;4472596]Those free services are within a single country. Suppose I were to offer listing of properties from any country </quote>

Which puts you in competition with local sites that will beat you in the SERPs and in terms of marketing.

and the focus is on a specific classification of property, is this lucrative?.

Anything can be lucrative, I’m just saying that you’re not picking an easy market to try to break into.

From your opinion do you think that affiliates from any country will be interested in promoting my service since it is not an easy market?.

What makes you think that this would be lucrative? If you think you have found an underserviced niche where your website could provide a valuable, unique service then perhaps you can charge for that service. If you think you have a topic that is popular, but should be free, maybe you can get ad revenue.

But, unless you have something new, special, better, or otherwise worthy of attention you are proposing adding yet another real estate site to a very busy marketplace.

when comparing real estate to the dating nich is the competition level for real estate much higher than the dating nich?.

You can get more listings and traffic if you offer the listings for free and then earn revenue from advertisements, such as Google ads and featured listings.

I hope you have an advertising budget. People aren’t going to come to your site unless you advertise and have lots of listings.

Are you competing with MLS sites like realtor.com? If so, you will need a niche and also all the MLS listings, whether people pay you or not for the listing.

It’s quite costly to offer it as a free service. For example images uploaded takes up space and this will contribute to an increase in hosting fee.

I could possible team up with a brick and mortal real estate company to build up my listing and traffic apart from SEO and so on. In regards to competition it is present in any nich. Right now I have to assess and see the suitability of the business for me.

Disc space is incredibly cheap, if that’s a concern for you then I suggest you might be in the wrong business.

Any decent real estate company has already had a web presence for the last couple of years.

well im using the one that cost me a lot for every 1 MB. However I do have a solution to optimize large images that are uploaded to 200 KB or less than that to save disk space. Perhaps I can do an estimation on how many images and chunks of information can my current disk space support. Based on that I can predict how many listings can my server take in with the current resources. Suppose I already have a real estate listing website and if you were to visit my real estate website therefore what problem would you expect my real estate website to solve for you?.

But, what is the business? Real estate listings have been done, and done.

Therefore if you were to visit my real estate listing website what problem would you expect my real estate listing website to solve for you?. There must be something and that something is a problem that you care to solve.

For example people this days are suffering from hair lost. So what problem do people care to solve?. Hair lost problem.

Solomon, you’re not listening.

You’re trying to break into a hypercompetitive niche with severe cost constraints, no plan, and no USP.

Best of luck with your project.

Well from here I can briefly understand.

Also, the brick and mortar r.e. businesses are members of MLS so they get the listing via the MLS feed, they don’t have to enter in each listing.

If you want a good webhosting service that allows very large image uploads, try Imageleet. You can even host video sharing sites.

Thanks for the tip.