The e-Partner Economic and Market Managment Model
Greetings fellow real estate company owners!
The whole of any enterprise operates by assumptions governed by factors internal and external to the business models incorporated. This is perhaps no more evident than within the real estate industry, which has for decades operated under a fixed, geographically defined economic model often referred to as "my market area." What if suddenly there were no market areas? Welcome to the NEW real estate reality!
The ePartner Economic Model challenges the long held assumption that markets are vertically defined; that is, they have strict geographic boundaries and the development of one's business is wholly defined by a commitment of capital to the development of "bricks-n-mortar" expressions in the pre-defined market area.
Circa 1994; enter the consumer...enter WWW...enter the beginning of unprecidented massive change. The consumer is now challenging just about all of the traditional business assumptions that have formed the blueprint for our brokerage business models used for the past five decades, or so. Brand loyality, agent interface, property information acess and paperless transaction execution and management are all up for grabs in the "New Real Estate Economy" governed by a new set of operating commandments. Ouch!
Can traditional owners survive the pounding tsunamis of change taking place? I don't think so, absent a commitment to proactive adoption of new agile business models that overcome the inherent capital limitations of bricks-and-mortar models.
e-Partner's market management model introduces owners to a new paradigm (model, script, way of thinking), provides a basis for managing the rapid changes to our fundamental assumptions while allowing us to play a bit further out on the continuum of transformation. Welcome to e-Partner!
REALonomics - The New Real Estate Model Math
REALonomics is a term I have deployed to help articulate and define the New Model Math for real estate business development in the Third Economic Wave of the real estate industy.
Owners can now blog at www.REALonomics.net about the marketing and accounting principles owners must use to understand and apply to their business models in order to produce more acceptable ROI. REALonomics is the new model-math we must use to design contemporary and competitive market models in the Consumer-Centric Era.
There is little doubt that the real estate industry is moving forward at breakneck speed and that the management of change is the single most challenging activity facing owners, agents and core service providers. Among others, consider these HOT REALonomics blogging topics:
- The Democratization of Real Estate
- The Quest for Model Perfect
- Awash in Paper
- The Owner's New Model Math: 2+2=5.439
- Snake Oil and the Giant Sucking Sound
- Bloated Economics - Too Much of Us
REALonomics is a repository for contemporary models for real estate buisness development. Blog with us today!
The New Real Estate Economy - a Third Economic Wave
Is the rapid change we are experiencing "The Third Economic Wave" of the real estate industry? If it is, what are it's characteristics, what are the two preceeding waves and how did they contribute to the current situation?
- Read about The First Economic Wave: (circa 1776-1976)
- Read about The Second Economic Wave (circa 1976-1994)
- Read about The Third Economic Wave (circa 1994-?)
Is your company prepared for the New Real Estate Economy? Are you tooled-up with cost effective operating models that allow you to locate new transaction revenue and deliver it to your bottom line?
The Third Economic Wave in the development cycle is only ten years in the making. During that ten-year period of time there were more industry changes than all of the preceeding years combined. Change has begun to occur at the speed of light!
The Shifting Sands of Vertical Development vs. Consumer-Centric Horizontal Growth
For decades broker/owners have geared their operations around fixed-base operating models, a.k.a. buildings, located in geographically pre-defined markets requiring them to throw more and more money into limted vertical markets.
Like the hot desert, our models created mirages that have turned out to be nothing more than the shifting sands of delusion. Our models are tired and they are beginning to show tell-tale signs of massive breakdown in the face of the rapid changes wrought by the creative implementors of new market models.
e-Partner delivers integrated community-based websites in all 50 States that form the platform for horizontal market penetration and transaction revenues extraction without the risk of capital traditionally associated with and required for high growth initiatives.
Watch the First Owner's Presentation |
Watch the Second Owner's Presentation |
Watch the Third Owner's Presentation |
Watch the Fourth Owner's Presentation |
Watch the Fifth Owner's Presentation |