Netrieval deck
- 1. put your customers to work
- 2. We help real estate agents build more continuous and profitable customer relationships
- 3. the team Reginald Johnson co-founder, cmo A modern day Don Draper (that's overkill), Reginald has led the advertising and strategic direction for consumer brands such as P&G and Chase Manhattan Bank. As a former real estate agent, he knows the day-to-day challenges and hurdles of real estate. Fredrik Holmberg co-founder, cto A techie through and through, Fredrik has applied his solution-based talents to clients such as H&M and GuidePal. At GuidePal, he helped to develop the customer interface that many travelers have come to depend on as they explore the world.
- 4. the market problem Despite being a business based off of forging relationships, most agents don’t build longterm bonds with their customers. Ask your average renter, “Were you contacted by your old agent a few months before your current lease ended?” or the average buyer/seller, “Did you hear from your agent after the purchase/sell of your home?” Most will answer “No.” That’s a tremendous amount of business being left on the table – most agents will concede this, they they lack a convenient solution. A recent study found that , agents report that referrals (20%) andprevious clients (19%) as the source for a fraction of their total business.For a industry centered around the power of personal relationships this presents a tremendous potential for further growth.
- 5. so, why does the problem persist? TIME STRESSED HEAVY VOLUME Between showings, pitching new listings and admin demands many agents tend to not schedule time for previous clients. The sheer number of current/past clients make it difficult to give each the attention and outreach necessary to build relationships. And the problem with current marketplace “solutions”… EXPENSIVE COMPLICATED The average agents makes less than $45k/year - putting most solutions out of their reach. No easy solution available. In addition to being costly, most CRM products are layered with complicated bells and whistles. TEDIOUS Databases and spreadsheets are boring and static – a “set it & forget it” manual chore. The kind of task that’s custom made for procrastinating.
- 6. the market opportunity 1,300,000 Licensed Real Estate Professionals 5,000,000 Existing Home Sales 10,000,000 customers 367,000 New Home Sales Countless number of Rental Transactions That’s (Buyers & Sellers) …tremendous number of customers for agents to track
- 7. Acquired for $24.2M Acquired for $355M the competitors There is NO solution that actively pairs an agents customer database with homes as they hit the market. • Don’t Solve Core Need • Costly • Complicated Division of Salesforce Customer Database Yes Yes Yes Auto Customer & Home Matchings No No No Simple, Intuitive Design/UI No No No Agents share their exclusives No Yes No Tagging Limited No Yes Automated/Pr ewritten Reminders No No No Proprietary Social Media Platform No No No
- 8. the product Customer database…and so much more. Netrieval’s desktop and mobile platform enables agents to build more continuous and profitable customer relationships by helping them match customers with homes and automating the process of staying connected well after the initial deal. Co-Broke Matches Agent Exclusives Automatic notifications when customers match homes as they’re entered into the system Agents can add sales/rental listings into the system so that other agents can view them Auto-Reminders Social Network Feed Lease renewals, closing anniversaries, b’days – lets agents reach clients with just one click Platform for agents to get the latest in local real estate news and cobroke opportunities …plus, many other unique features.
- 9. the business model Netrieval will offer three product levels. Social Media Base Subscribers Premium Subs Social network customers will view sponsored posts in their threads. Monthly User Fee: Projected at $6.89/month* Monthly User Fee: Projected at $11.89/month* - Social networking platform - Social networking platform (product in development) - Social networking platform - Customer Relationship Management - Customer Relationship Management - Customer matched with homes listed only in the Netrieval database - Customer matched with homes that are listed throughout the local market -Market Analysis and Trend Reports *Final subscription costs will be set following negotiations with vendors.