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RETechTO iBidBroker with Ajay Jain

RETechTO iBidBroker with Ajay Jain



RSVP to the next meetup at http://retechto.ca/ ...

RSVP to the next meetup at http://retechto.ca/

As seen on CBC and in the Financial Post, iBidBroker.com is Canada's first site designed to connect sellers with the real estate agent of their choice. Ajay will hold an interactive Q&A and share his experiences in launching this site, the massive public response and his thoughts on current issues affecting the industry.

Filmed at the Real Estate Technology Toronto meetup, GTA's largest discussion group for real estate professionals, on July 13, 2010.



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    RETechTO iBidBroker with Ajay Jain RETechTO iBidBroker with Ajay Jain Presentation Transcript

    • InnovationandExecution
      An Open Discussion
      July 13th, 2010
      Ajay K Jain, MBA HBSc
      President & Founder
    • Innovation
    • Definition
      What is Innovation?
    • Ideas
      What Makes Something a Good Innovation?
    • Brainstorming
      Be Open Minded
      Don’t Brainstorm Knowing the Answer
      Talk to Other Entrepreneurs
    • Mistakes Made During Innovation
      Lack of Research
      Due to Fear that Other’s have done this Already
      Fear of Rejection or Errors
      Other People Might find Holes in your Idea
      Making Sure There is a Market
      Don’t Invent if there is no use for it
    • Execution
    • Have a Plan
      Set a Deadline.
      Adhere to it
      Create a Scope of Work Document
      Have all your requirements outlined
      Gather and Allocate Resources
    • Resources & Support
      How will you support yourself during this endeavor
      Are you using your savings?
      Are you willing to lose these Savings?
      Part Time / Full Time?
      Family & Friends
      You must have the support of everyone around you in order to ensure that your venture is successful.
    • Be Committed
      Do Not Give Up
      Things might not go as planned. This is part of being an inventor. You are trying to convert thought into material! It doesn’t always translate.
    • Be Agile
      Be willing to adapt to new thoughts and hurdles
      You will find that better processes come along as you are developing a site. You will learn a lot of new things and you might want to implement them as you are developing. This will can change your timeline if you don’t plan!
    • Reflect
      At the end of each week
      Look back and see what goals were achieved
      Look back and see where you could have been more efficient
      Look forward to how you will change things
      Never lose sight of the end goal!
    • Where is Real Estate Headed?
    • Competition
      Competition is Good!
      Increases Options and Advances the Industry
      Brings Choice to Consumers
      Helps Realtors Establish Worth
      Not a Price War
    • Fear
      Agents who compete of Price
      Value Driven Realtors
      Full Service Vs Discount
      Both Will Co-Exist
    • Open Discussion
      Comments, Questions and Thoughts
      Thank You For Listening!