All you need to know about the working of the online real estate company 99acres.com. A presentation by Hridja is a digital marketing professional from India.
A Study on 99acres.com Business Model an Online Real Estate Company | Hridja Tripathi
1.
2. Introduction
• One of India’s first platforms to cater to the real estate
market online.
• Started in September 2005.
• Pan India listing of properties.
• Sell, purchase and rent.
• 25 plus cities.
• Connects builders, brokers, dealers and interested
buyers /sellers online.
6. Target Market
• Target market is the Middle class.
• The Age-group between 25-40 because they are ready to
take Risk.
• Their belief is simple – anyone who is not on
the web is not their TG (target group).
7. Referrals.
News Advertisements of different Brokers and dealers.
Most importantly through telesales.
A deal with competitors Dealers or Brokers through
different Subscription offers.
8. Marketing Strategies
Different marketing strategies are being adopted:
• Digital Marketing Campaign: They spend close to 70-75% of their
marketing budget on digital platforms.
• Their belief is simple – anyone who is not on the web is not their
TG (target group).
• TV ads- very less, recently they
have launched a ‘Sochna bhi mat’
TV campaign.
9. Marketing Strategies
• Radio Commercial Campaign.
• Through Google Keywords.
• Their main Marketing strategies or say most important
is word of mouth Advertisement.
• No Print ads.
23. • Pioneer in Real estate online
business.
• Have Large Client base.
• Genuine brokers.
• Emerged to be most
preferred site used by NRI’s
for real estate information in
India
Weakness
• Verification of plots
• Target Only internet market.
• High Attrition rate
24. Opportunities
• Significant potential to
gain from commercial
real estate
• Increase sales through
Resale market
(secondary market)
Threats
• Economic Slowdown.
• Growing competition.
• Innovative Ideas can be
easily copied.
25. Source of Revenue Generation
• In form of Subscription.
• Property listings, builders/brokers branding and visibility.
• Marketing of new launches, which is from featured products,
banners sold, and branding solutions.
• Builders and brokers marketing new projects.
• Primary & secondary, sale and purchase and rental for
commercial project.
• Ads on Websites.
26. Cost Associated
• IT Infrastructures-The Products And Services That
99acres.com Sells To Clients Run On Red Hat Enterprise
Linux. It’s An Open Source Technology.
• Servers- the portion of revenue is spend on Servers.
• Advertisements –TV commercials, Radio ads and Digital
advertisement.
• Sales force
• Google Keywords
27. • Create What The World Is Running Behind.
• Tap the opportunity.