business proposal to abhivruddhi developers
TRANSCRIPT
About us.Times Business Solutions launched MagicBricks.com in August ’06, as a platform to bring together property seekers and sellers in the real estate industry. Within three months of its launch, MagicBricks.com achieved the status of being the No.1 property portal in India. With its revolutionary next-gen services customized specifically to address the real estate industry it has consolidated its position as the leader in the sector. MagicBricks.com provides a common platform for all users, and provides a space for property buyers & sellers to locate properties of interest and source information about all property related issues in a transparent and unambiguous process.
Case Study 1 – We do magic! Motzkin developer was facing a lot of issues
in Marketing his beautiful project in Bangalore.
The property was beautiful, He had an excellent sales team but still he was not able to attract enough customers to drive his sales.
With increase in costs and less return on investments he was confused with how to market his product.
Though the real estate market was showing a positive growth trend in Bangalore. He could not drive his sales.
Lack of information
to the buyers
Direct Sales is very
difficult in a cluttered
environment
Offline Marketing Channels
not providing sufficient
reach
Less Sales
Case Study 1 – We do magic! What was wrong? The developer was not able to reach out to the
specific target audience or the potential buyers. As his offline marketing channels provided reach to all not to niche segment of potential buyers.
The Developer could not effectively communicate the price to his target audience and his USP’s. Hence clearly a lack of strategy for price and brand communication.
The marketing reach of the developer was very small.
Magicbricks.com consulted the developer.
We identified the bottle neck and repaired it by providing him a feasible solution. Lack of pricing,
product communication &
reach
Lack of consistency in
marketing
Relying Direct Sales
only ATL activities
Case Study 1 – We do magic!We at magic bricks, strategized the online marketing in our world-class web platform.
What did we strategize?Targeted Geographies
More information on the projects giving more presence and reach
More user engagement in our platform for better
brand building and hence word of mouth
marketing
Case Study 1 – We do magic!How did we implement the strategy?
Designed and positioned the banners of the Developer in pages which gave maximum visibility
Listing the projects of the developer and boosting it to remain on the top for consecutive days. Hence getting more responses per listing.
Aggressively engaging the platform users with effective content on the projects hence influencing their buying behavior.
Marketing the project indirectly with our brand name via print media, Radio and tv ad’s hence driving more traffic to the website.
Case Study 1 – We do magic!Results Innovation.
Decreased cost per acquisitions/ Easier tracking of the lead
Brand Visibility
More Genuine leads
Key Stats of Magicbricks.comThe figures are relative to December 2013. And these figures have substantially increased in the following months.
Requirements Till 31st December 2013
Active Requirements in last 6 months
758143
Active requirements for rent in last 6 months
221537
Active Requirements for sale in last 6 months
536606
Avg Requirements posted per day
4120
Key Stats of Magicbricks.com(Bangalore)
The figures are relative to December 2013. And these figures have substantially increased in the following months.
RequirementsTotal active requirements in last 6 months
99955
Active requirements in last 6 months for rent
30994
Active requirements in last 6 months for sale
68961
Avg. requirements posted per day
543
Traffic in 3 months 1721609
Key Stats of Magicbricks.com(Bangalore)
Sellers Vs Buyers
Bangalore
Sellers
Buyers
68961
Requirements for sale
Total Buyers 99955
37046
Residential properties for sale
Our understanding of your requirement.
As per our discussion we understand that you require
Geo targeting customers &
Generating leads
Our delivery modelWith reference to the key stats data in the slide 9, we can send across 50,000 digital enquiry forms to property seekers in Whitefield and the nearest pin codes of Whitefield.
How do we achieve that?
Geo grouped leads
Titanium Listing
Enquiry forms to property
seekers in project
locality and the nearest
pincodes
Inventories & hit ratesThe inventories mentioned in our delivery model are explained here in brief.
The Digital forms will be sent out to our existing customer base who searched for properties in Whitefield and near by localities to Whitefield.
Also the Forms will be sent to people who are active property seekers in Whitefield and also active property seekers in the nearby pincodes.
It will also be rolled out to property seekers with the budget matching to that of the project.
Digital Enquiry Forms.
Hit Rate 67% from previous data.
Inventories & hit ratesTitanium Listings – These are the most elite listings provided in magicbricks.com.
These listings remain on the top of the search page for 5 consecutive days.
They are more convincing to the customer as they are listed on the top and also verified by magicbricks.com
Hit Rate : 55%
Titanium listing
Suggested Add on InventoryFeatured Project on the city page.
This will display exclusively to the users on site who perceive the projects in this column as the top class.
This also gives a tip on option to the user which gives clarity to the end user b just rolling over his mouse. 10% hit rate.
Tip on
Featured project column on city page
How deep are we on pockets!The pricing for the suggested inventories.
Inventories
Digital Enquiry forms 50K targeted . 75K without Featured Project Gallery
Titanium listings 25
Featured project gallery on the city page1.1 L with Featured Project Gallery