SlideShare a Scribd company logo
1 of 12
• Founded 2007
• 920.000 unique visits pr month on Boliga.dk
• Independent and disruptive
• The user is king!
• Main source of income. Banner ads and mortage calculators ( to be changed )
• 35 Employees
Ricco Zuschlag
Founder & Partner
The short story
Our Organization
• Euroinvestor.com No. 1 Business and finance site in DK
• Boliga.dk No.1 Property portal in DK
• Itvang.dk No.1 Foreclosure portal in DK
• Selvsalg.dk No.1 FSBO site in DK
• iBoligen.dk Online home inspiration aggregator
Denmark in Numbers
• Population aprox 5.600.000 mil
• Aprox 50.000 Real Estates sold each year
• Aprox 100.000 Real Estate advertised each year
• 5200 full time agents
• 1500 Real Estate shops
• Average agent fee 12.000$/8.700€
For sale by owner
(FSBO)
Or the Danish word Selvsalg ;)
Selvsalg.dk
• Launched 9 april 2013
• Subscription pr month 67€ / 92$
• No minimum period required
• 1068 real estates sold
• 3 real esates sold each day
• 4063 Total listings created
• Already 4,6% of the total real estate market almost 20% in the capital
The users
• Sold in 4 days!
• Sold in 1 hour
• Cheap
• Nice functions easy to use
• Good and honest service
• Dump the agent do it yourself
The positive press
• Sell your own real estate as you sell your
• FSBO is the new Black !
• This is where we sell our own real estate
• Sell your home for a record low fee
195 articles about selvsalg.dk in 1 year. Frontpage news on major newspapers. Appereance on TV.
And even TV series featuring FSBO sellers.
The agents
• “FSBO is like kamikaze pilots under WW 2 “ Danish Real Estate
Organization – November 2013
• Contacts the FSBO users and offer them their service, even showing
up acting like buyers, uses 3rd party call centers.
• Broke the law 185 times, National Consumer Office looking into this
• Big negative impact from newspapers TV etc.
• Destroying an already bad reputation.
The stats
0
500
1000
1500
2000
2500
3000
3500
4000
4500
Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14
FSBO
The future
• Getting from 4% market share to 10% within the next year
• Using a celeb as the front figure
• Big campaign coming
• Expanding to new markets, tight partnerships with major portals
• Keep focus on the consumer they are kings and queens
The secret ?
Come and see me after the conference 
Thank you very much for your time
Ricco Zuschlag
Founder and Partner
ricco@boliga.com
riccoz linkedin.com/in/riccoz

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Targeting the for sale by owner market

  • 1. • Founded 2007 • 920.000 unique visits pr month on Boliga.dk • Independent and disruptive • The user is king! • Main source of income. Banner ads and mortage calculators ( to be changed ) • 35 Employees Ricco Zuschlag Founder & Partner The short story
  • 2. Our Organization • Euroinvestor.com No. 1 Business and finance site in DK • Boliga.dk No.1 Property portal in DK • Itvang.dk No.1 Foreclosure portal in DK • Selvsalg.dk No.1 FSBO site in DK • iBoligen.dk Online home inspiration aggregator
  • 3. Denmark in Numbers • Population aprox 5.600.000 mil • Aprox 50.000 Real Estates sold each year • Aprox 100.000 Real Estate advertised each year • 5200 full time agents • 1500 Real Estate shops • Average agent fee 12.000$/8.700€
  • 4. For sale by owner (FSBO) Or the Danish word Selvsalg ;)
  • 5.
  • 6. Selvsalg.dk • Launched 9 april 2013 • Subscription pr month 67€ / 92$ • No minimum period required • 1068 real estates sold • 3 real esates sold each day • 4063 Total listings created • Already 4,6% of the total real estate market almost 20% in the capital
  • 7. The users • Sold in 4 days! • Sold in 1 hour • Cheap • Nice functions easy to use • Good and honest service • Dump the agent do it yourself
  • 8. The positive press • Sell your own real estate as you sell your • FSBO is the new Black ! • This is where we sell our own real estate • Sell your home for a record low fee 195 articles about selvsalg.dk in 1 year. Frontpage news on major newspapers. Appereance on TV. And even TV series featuring FSBO sellers.
  • 9. The agents • “FSBO is like kamikaze pilots under WW 2 “ Danish Real Estate Organization – November 2013 • Contacts the FSBO users and offer them their service, even showing up acting like buyers, uses 3rd party call centers. • Broke the law 185 times, National Consumer Office looking into this • Big negative impact from newspapers TV etc. • Destroying an already bad reputation.
  • 10. The stats 0 500 1000 1500 2000 2500 3000 3500 4000 4500 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 FSBO
  • 11. The future • Getting from 4% market share to 10% within the next year • Using a celeb as the front figure • Big campaign coming • Expanding to new markets, tight partnerships with major portals • Keep focus on the consumer they are kings and queens
  • 12. The secret ? Come and see me after the conference  Thank you very much for your time Ricco Zuschlag Founder and Partner ricco@boliga.com riccoz linkedin.com/in/riccoz