3 Tips For Starting Your Own Estate Agency

Running your own estate agency is a significant challenge that requires professional knowledge, life experience and sheer determination. But for those who are successful, it can be hugely rewarding.

Yet with so much information out there, it’s hard to pick out the amateurs from the experts when deciding what’s right for you.

Whether you’re relatively new to the industry, or an experienced professional looking to make it on your own, these three tips will advise you on how to promote your business, find new clients and advance your ambitions.

1. Do your research

Nothing can be worse for a business than rushing to open their doors for the first time and attempting to establish without having thoroughly researched every aspect. As the saying goes – fail to prepare, prepare to fail.

There are hundreds of important elements to consider when starting any business, but especially when it comes to property – for instance, how well do you yourself know the local area? It’s essential to know the ins and outs of the region, as this is information that clients will frequently ask about.

Additionally, people are more likely to be drawn to your agency if they feel you have a strong local connection. So it’s not necessarily the best idea to up sticks and leave to start your business elsewhere.

2. Get Networking

No matter what business you’re in, you should never miss out on a networking opportunity.

And as many traditional events have gone online, it has never been easier to meet other like-minded individuals who can provide invaluable business advice.

Business networking hubs like Arise Innovation can provide support for just about any type of business, putting you in touch with like-minded pros who are experienced in a range of industries and can offer various insights on running businesses of all kinds.

Networking hubs and events such as these will not only introduce you to other experienced professionals but can even introduce you to potential future clients. Remember to make a good impression!

3. Online presence

Your website is an essential tool for reaching potential clients, and it should be accessible, well-designed, with clearly established points of contact, whilst listings should be thorough and easy to understand.

This may seem relatively obvious, but it is not the sole component of a strong online presence. Whilst many estate agencies shy away from using social media, it can be an extremely useful tool for connecting with clients and distinguishing yourself from competitors.

Aside from your website, the most likely place a client will search for you online is social media. A well-maintained presence on social media platforms that communicates a clear brand identity suggests professionalism, and can be personalised to give you an edge on local rivals.

This list is by no means expansive but gives you just three things to consider when starting your own estate agency. Best of luck!

EAN Content

Content shared by this account is either news shared free by third parties or sponsored (paid for) content from third parties. Please be advised that links to third party websites are not endorsed by Estate Agent Networking - Please do your own research before committing to any third party business promoted on our website. As an Amazon Associate, I earn from qualifying purchases.

You May Also Enjoy

Estate Agent Talk

Buying a Home? What you need to know about asbestos

Asbestos is a well-known issue in UK housing – but while it’s rightly treated with caution, it doesn’t need to cause alarm. With the right advice and professional guidance, it’s a manageable problem that shouldn’t stand in the way of purchasing a dream home. Used widely in construction until 1999, asbestos is often found in…
Read More
Breaking News

Hodge Bank introduces 80% LTV on Interest Only Mortgages, helping borrowers maximise their affordability

Specialist lender Hodge has today announced it will accept 80% Loan to Value (LTV) on Interest Only Mortgages to help borrowers expand their affordability. The criteria enhancement is the latest in a raft of changes introduced by the lender in a bid to make its underwriting as flexible as possible. This change applies to Hodge’s…
Read More
Breaking News

The end of the ‘Forever Home’? 63 per cent of young homeowners prioritise flexibility and renovation potential over permanence

63 per cent of younger homeowners (18-34 year olds) find the ‘forever home’ concept less important than older generations Nearly half (45 per cent) of the same group of homeowners expect to move home within the next five years, embracing a flexible ‘Right Now Home’ model 23 per cent of 18-34 year olds view their…
Read More
Breaking News

Ignoring these simple winter property maintenance tasks could cost you big time

The latest research from nationwide cash buying company and quick sale specialists, Springbok Properties, has revealed that failing to complete some of the most common winter home maintenance tasks could cost homeowners thousands of pounds, as ignored issues turn into major repair jobs over the colder months. Springbok Properties analysed a series of essential winter…
Read More
how to present your property for sale
Breaking News

Half of first-time buyers delaying until after the Budget

The latest research from eXp UK has revealed that almost half of first-time buyers (47%) have paused their homebuying plans until after the Autumn Budget, as uncertainty around potential tax and housing policy changes continues to weigh on buyer confidence. However, it’s not short-term tax tweaks they’re waiting for. The survey of aspiring homeowners, commissioned…
Read More
Breaking News

Moneyfacts Average Mortgage Rate dips below 5%

The Moneyfacts Average Mortgage Rate has dropped below 5%. The latest analysis by Moneyfactscompare.co.uk reveals how the rate has changed over time.  Rachel Springall, Finance Expert at Moneyfactscompare.co.uk, said: “Borrowers will no doubt be thrilled to see mortgage rates drop, particularly the millions due to come off a cheap fixed rate before the year is…
Read More