What an invention!
Well, I have never heard of it - but big applause to the person who invented the concept. It's highly creative.
I agree with diamond pen - be sure you are thoroughly prepared on how to tap into the radio frequency side of things. No point getting the product and finding out it's going to be a battle to get the signal happening.
I'd also just put a little more thought to your approach. Agents are so desperate to sell properties at the moment that they might not be inclined to lose the chance to 'sell' someone who calls them to find out more about a property (remember - they want to build a contact database).
You would have a much better chance with the rental market due to the massive number of people wanting to rent and the (relatively) small amount of money agents make from renting out a property. Most of them hate this side of things and would look for any opportunity not to field calls all day!
I would consider:
- buying one or two devices for 'show' purposes only. Contact the supplier and ensure you will be able to access more later. Consider that an estate agent could easily buy this device after speaking with you - so if it only exists through one supplier, try to arrange a short term exclusivity arrangement.
- contact local agents and arrange a meeting. Explain the concept, show the device and follow up with an email (protection by paper trail!). Close by asking how many devices they think they would need to cover all of their rental properties at any given time.
- once you close the deal (consider a time-period contract), assure them delivery of the devices within two weeks. Then order what you need.
I know it sounds slightly more complicated this way, but an agent will laugh if you go to them with one device. They might have 20 rentals going...one is not going to cut it. And if you can get a 6 month agreement with one agent to cover all of their rental properties, you are looking at some very decent profits. Especially if you gain exclusivity of the device for your area...how many agents would need to approach you then?
Do your distribution numbers and use it as a benchmark for pricing. $1 a day is not a bad price - but it's a bad way of selling it. Say '$7 a week' or drop it to '$25' a month. Tell them that an hour of an agents time to go and show the property is worth more that. How could they refuse!?
Best of luck...and top concept.
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Last edited by Rachelz; 19th January 2012 at 05:46 PM.