Professional Documents
Culture Documents
Arshia Kawatra AMITY UNIVERSITY PUNJAB
Arshia Kawatra AMITY UNIVERSITY PUNJAB
Batch of 2023-25
Under the supervision of
Dr
June-July 2023
DECLARATION
The report has been checked for Plagiarism and is within limits of acceptance.
Faculty Guide Name,
Designation
ACKNOWLEDGEMENT
waraich devoted her precious time to interact, guide and gave me the right approach to
accomplish the task and also helped me to enhance my knowledge and understanding of the
project.
1 Abstract 8
2 Chapter -1 Introduction
1. 1 HISTORY OF REMAX EXCELLENCE 10
1.2COMPANY PROFILE 11
1.31VISION 12
1.4 OBJECTIVES OF THE COMPANY 12
1.5 ACTION PLAN 12
1.6 REMAX EXCELLENCE TODAY 13
1.7 REMAX EXCELLENCEEXCELLENCE LEADS THE WAY 14
1.8TRADITIONAL SCENARIO IN REAL ESTATE INDUSTRY 14
1.9REMAX EXCELLENCE GROWTH MODEL 15
1.10 REMAX EXCELLENCE OFFICES CAN DEALS IN 15
1.11 THE 5 MOST IMPORTANT THINGS IN THE REAL ESTATE 15
BUSINESS
1.12 MY ROLE IN REMAX EXCELLENCE UNDER SOME 15
PROJECTS
1.13 COMPANY PARMOTIONS 16
1.14 WHAT I UNDERSTAND FROM RE/MAX 16
1.15 AGENT COMPANY 18
1.16.DIGITAL MARKETING 21
1.16.1 Digital Marketing Trends 23
1.16.2Objectives of Digital Marketing 24
1.16.3 Various functions of digital marketing: 24
1.16.4 Why is digital marketing important for real estate? 27
1.16.5 Strategies that realtors can use to maximize leads 31
1.16.6 You Can Improve Your Digital Marketing Today 31
1.17 NEED OF THE STUDY 32
3 Chapter 2 Review of Literature 33
6 Chapter 5 – Findings 47
8 Bibliography 50
9 Appendices 1 55
58
Appendices 2
ABSTRACT
Purpose
: The technological revolution over the last decade has greatly impacted the marketing function
of a business organization across the entire globe. The main purpose of this dissertation is to
investigate the use of digital marketing by real estate firms and how digital marketing has shaped
the REMAX EXCELLENCE residential property industry from both seller and buyer
perspectives.
Research Design:
A mixed approach entailing the use of both qualitative and quantitative methods was used via
administration of a seller based and buyer based questionnaire to the study participants selected
using a purposive non-random sampling technique
Findings:
Residential property firms are shifting from traditional marketing techniques to digital
techniques and widely use Google search engine and Face-book social site, among other
platforms to propagate online promotions and marketing campaigns.
Further, digital marketing leads to a property firm’s increased profitability, customer base,
market share, consumer satisfaction and development of a strong business-customer relationship.
Moreover, residential property firms face challenges in formulating effective digital marketing
trends and shifting their marketing orientation from traditional techniques to digital mechanisms.
Buyers are very concerned about the persistent fraudulent activities and seller misrepresentations
over the internet
Implications:
Prime property firms need to understand the buyer online activities and trends, their
Perceptions towards digital marketing, the competitor firms’ use of digital marketing and overly,
how the latter is impacting both sellers and buyers in the industry. The study contributes to the
available literature on Digital Marketing and foster sound decision making by firms and buyers
in the industry.
Limitations and Future research
The research was small scale using a smaller sample from London Prime, and may not
necessarily depict all the characteristics of the entire REMAX EXCELLENCE residential
property industry. On a different perception,
theresearcher also encountered difficulties in persuading the invited residentialproperty agents
to participate in the survey. Future theories and research can be advanced to investigate the lack
of interests in the participation and to widen the available knowledge on digital marketing in all
the REMAX EXCELLENCE industries.
CHAPTER1
INTRODUCTION
1. 1 HISTORY OF REMAX EXCELLENCE
Founded in 1973 by Dave & Gail Liniger
REMAX EXCELLENCE= Real Estate Maximums
܀Created by Top Producers for Top Producers
܀Sales Associates can earn Maximum Commissions
Headquarters: Colorado, United States
THE FOUNDERS
RE/MAX, short for Real Estate Maximums is an American international real estate company that
operates through a franchise system. REMAX EXCELLENCE has more than 100,000 agents in
6,800 offices. REMAX EXCELLENCE operates in about 100 countries
REMAX EXCELLENCE proud to be operating in 115+ countries across world consisting of
8000+ Offices. That's how we are able to offer unprecedented levels of customer service and
provide access to real estate resources not available anywhere else.
Be respected in the market as the benchmark for relevant innovation and responsibility, adding
sustained and measurable value to shareholders, Franchises buyers, end users and the
community.
I work under Projects, Pranava projects tie up with REMAX EXCELLENCE Company
Pranava projects start on 2 years ago in KPHB Colony, Hyderabad.
Over role in this company was BROKER ASSOCIATE.
To explain Property details to customer. Monday to Friday I work in company Tuesday
was holiday Saturday and Sunday SITE VISIT and to show Property browser and explain
land details to customer.
I worked 60 day in this company.
1.13 COMPANY PARMOTIONS
1)FACEBOOK CAMPAIGN
2. Self-Motivation:
This is very necessary as a sales man who is self-motivated does not need a lot of supervision.
He knows what is required of him to make constant growth in the industry.
The best sales reps take out at least 2 hours every week to improve their skills and make more
discoveries with respect to their products.
4. Lend A Helping Hand:
Have a belief that you are assisting your clients live a better life with the product and service you
are delivering.
Through creativity, sales men can overcome challenges as they are part of the entire sales
process.
The art of selling is a continuous learning process. Interact with other sales men, learn from them
as learning never ceases.
1.15 AGENTS OF COMPANY
Our agents at REMAX EXCELLENCE - Corporate Sector are completely committed to the
business housing industry. Due to our location in the City of Champions, we have complete
access to the city's energy, and our staff have the knowledge to handle all of your commercial
real estate demands. All facets of commercial real estate are areas of expertise for our agents,
including business brokerage, industrial sales and leasing, multi-family, investment, hospitality,
office sales and leasing, retail sales and leasing, land development, & multi-family sales and
leasing. We offer everything from small business consulting through mergers and acquisitions.
Private businesses in Edmonton (and the surrounding area) & publicly traded multinational
corporations are among our clients. A customer-focused mindset permeates all we do, and our
real estate "Brand" is synonymous with respect, trust, and honest. You can be confident that
when you work with us, you're dealing with highly skilled industry experts who are familiar with
the commercial and residential real estate markets in the Edmonton region.
REMAX EXCELLENCE Commercial Capital has expanded its business operations to Calgary
Alberta, the ideal location of Western Canadian corporate head offices.
With over 100 head office locations, Calgary has remained Western Canada’s head office centre
and Canada’s most concentrated headquarter location.
Situated in Quarry Park, REMAX EXCELLENCE Commercial Capital joins a wide spectrum of
local businesses and Fortune 500 Corporations including JACOBS Engineering; Bayer Crop
Science; Imperial Oil; Amec Foster Wheeler; Superior Propane; TD Canada Trust Commercial
Banking; Remington Development Corporation and many more.
The benefits of Quarry Park’s live and play advantages are very appealing, but the work
component is equally attractive. Lunches in the park, a commute measured in footsteps rather
than kilometers, and easy access to major thoroughfares are just some of the pleasures those who
work and live in the Quarry Park area can enjoy.
REMAX EXCELLENCE Profile and History
When your Needs are Beyond the Standard, when you Demand more than the Status QUO Look
no further than the REMAX EXCELLENCE Collection of Fine Home & Luxury Properties
offered by real estate most prolific global network. Come Discover new level of real estate in
Luxury. Discover REMAX EXCELLENCE Buying and selling Houses in today’s market is a
challenge, which require Professional real estate agents like RE /MAX Excellence agent with
Real Estate market knowledge, creativity, experience and enthusiasm. Let the real estate
professionals at REMAX EXCELLENCE assist you every step of the way. So you get the home
you want not the home you get. REMAX EXCELLENCE was founded to change the old classic
real estate model. Our offices is a high-energy, collaborative place for agents to work together,
and our team approach benefits both our agents and our clients. At REMAX EXCELLENCE,
anything less than Excellence is unacceptable. We think our high quality of service and our
relation base transaction should be the norm in the industry, anything less is unacceptable. Our
Client survey shows that our service is extraordinary, and our satisfaction rate is among the top
in South Florida. Home buying and selling can be stressful and time consuming, but it doesn’t
have to be. When you put your trust in REMAX EXCELLENCE, we work with you to ensure
your experience in owning a home or selling exceed your acceptation and buying or selling
process is an exciting experience. We specialize in luxury real estate services for Wellington,
Royal Palm Beach, Palm Beach, Jupiter, PGA, and more. we offer a diverse collection of
properties from cozy single family residences in neighborhoods like Olympia, Versailles, Palm
Beach Polo, and Equestrian home in Wellington, Portosol and Madision Green in Royal Palm
Beach, Mirasole, PGA National Golf Course Home in Palm Beach Gardens and to an Elegant
Luxury Homes in Palm beach. We offer services to client ranging from the $100 thousands into
the $100 millions, REMAX EXCELLENCEE provides unparalleled service ...
Empower yourself with REMAX EXCELLENCE Commercial Capital, where you can partner
with a knowledgeable Specialist to help take your commercial real estate goals to the next level.
Whether you’re an owner of commercial real estate that desires to sell, an investor that wants to
buy or a tenant that needs to lease space, you’ll find our Associates understand your needs.
That’s because we are home to top producers who understand commercial real estate and
property data across all market segments. We’re Commercial Property experts.
With over 50 years’ experience, representation in over 90 countries & territories around the
world and over 13,322 Commercial Associates, REMAX EXCELLENCE Commercial has the
superior market presence you need to discover untapped opportunities and develop lasting
relationships.
In Our Community
Time restraint: The researcher will conduct this study with other academic activities at
the same time. As a result, less time will be spent on research
CHAPTER-4
DATA ANALYSIS
1)How many male and female are searching for property?
GENDER
FEMALE
33%
MALE
67%
AGE GROUP
18-24
25-39
40-60
22.2
MARRIED UNMARRIED
QUALIFICATION
40
35
30
25 QUALIFICATION
20
15
10
5
0
Graduate Matriculation Phd Post –
graduate
SOURCE OF INFORMATION
60
50
40
30
20
10
0
Broke
Famil
Inter
Other
Real
47%
53%
Chart Title
60
50
40
30
20
10
0
Apartment Land Commercial Villas
8) Which property type you are looking for?
VALID FREQUENCY PERCENT VALID PERCENT CUMULATIVE
80
70
60
50
40
30
20
10
0
New homes New home, resale Resale Rent
9) What is the price range of the property you are willing to consider?
VALID FREQUENCY PERCENT VALID CUMULATIVE
PERCENT
1 cr to 2 cr 7 15.6 15.6 46.7
cr to 3 cr 14 31.1 31.1 62.2
cr to 4 cr 15 33.3 33.3 65.5
4cr above 9 20.0 20.0 100.0
TOTAL 45 100.0 100.0
PRICE RANGE
35
30
25
PRICE RANGE
20
15
10
0
1 cr to 2 cr cr to 3 cr cr to 4 cr 4cr above
38%
62%
1.
CHAPTER-5
FINDINGS
The major external factors which people consider while purchasing the property are
Price, Availability of loan & Proximity to workplace.
The major In-Locality factors which people consider while purchasing the property are
Quality of construction, Availability of water & Pollution-free environment
Business opportunity wise due to the mass presence of BPO company & offices due to its
proximity to UK are consider good by the majority of respondents.
The real estate market, by 2021, should increase by 2.3%. More residential and
nonresidential buildings will be created. Better deals will get sealed.
Real estate agents will get busier. More rookie agents will join the industry. Competition
among real estate agents will tighten.
How then, as a real estate agent, would you stand out from your competitors? As with
many industries, implementing a digital marketing strategy is the new normal.
To get ahead of your competitors, you need to start taking digital marketing seriously as
it is crucial for building brand awareness for you as a real estate agent, widening
exposure, and attracting more eyeballs to your business
Chapter 6
Conclusion and recommendation
Conclusion
First, corporate organizations are increasingly using digital marketing, one of the most
popular modern technologies, to market to internet users.
This new marketing strategy has a significant impact on almost every industry,
necessitating further study across all of them.
The dissertation's conclusions are situated within the operational environment of prime
real estate companies' interactions with clients regarding digital marketing.
This suggests that commercial organizations outside of Prime London may not be able to
employ the operational tactics outlined here and thought to be beneficial in the real estate
sector
. The study's research approach may be changed in the future to provide more
information about how digital marketing is used in the real estate sector how it has
influenced both the industry and other areas of the economy.
The improvements could involve finding better techniques to carry out the same study
more successfully and productively as well as looking into additional facets of digital
marketing in the real estate sector.
Although the study's objectives were met, more research is still required to determine
how each aspect of digital marketing has affected the UK real estate market as a whole
and other sectors of the economy.
Such a study would give local, national, and international businesses a thorough
understanding of the implications of digital marketing and how to implement it most
effectively for increased organizational productivity, performance, and market
penetration to grow the customer base.
Digital marketing is a very broad notion, as noted in two, and is often usually, managers
must use a strategic approach while making decisions.
Although the methodology used in this study was sound, further extensive research on the
subject could increase its validity and reach by looking at all the KPIs related to digital
marketing across all UK industries.
Recommendation
Sirgy and Baven both demonstrated that using various channels to promote, whether
digitally or traditionally, required the same strategy.
In order to promote their properties online, the real estate companies have kept up their
significant investment.
Because of the booming digital marketing and sales services, online marketing costing
has already surpassed regular marketing cost as well as is projected to do so in the future.
From a different angle, there are a variety of benefits to internet advertising that might be
cited as justification for raising budgets for advertising.
Experts in the field of real estate attribute web advertising to the enormous public that
residential property firms attract through web-based advertising.
Additionally, research has shown that residential real estate companies can more easily
and effectively contact their target audiences through digital marketing.
This can be explained by the fact that buyers are willing to spend more for a house
because they can find the best-fitting one.
There remains a lack of empirical research regarding the usage of online advertising in
the REMAX EXCELLENCE real estate business and its impact on the industry from
both customers and seller perspectives.
BIBLIOGRAPHY
INTERNET
https://www.remaxexcellenceqld.com.au/
CBRE, (2015).
UK Property Market Outlook 2015
. [online] Available
at:http://www.cbre.co.uk/portal/pls/portal/CBWEB.utils_news_public.show_image?
id=17794&field=doc1&trans=n [Accessed 25 Mar. 2015].
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(2), 43-53. doi:10.1300/j396v25n02_04
Creswell, J. (2014).
Research Design: Qualitative, Quantitative, and Mixed Methods Approaches
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UK ad spends set to hit record £14bn
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advertising-spend-hit-pre-crash-high [Accessed 25 Mar. 2015].
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pp. 55-80.Flowers, P. (2009, 1). Research Philosophies. Research Philosophies
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Importanceand Relevance Issue 1, pp. 1-5.
Ford, J., Rutherford, R., and Yavas, A. (2005). The effects of the internet on marketingresidential
real estate.
Journal of Housing Economics
, 14(2), pp.92-108.
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, 1(2), p.181.
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Gronroos, C. (2006). On defining marketing: finding a new roadmap formarketing.
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Baven, O. (1991).
Marketing and Property People
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(1995). Is the real estate industry ready for the marketingconcept?.
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METHODOLOGIES AND TECHNIQUES.SCIENTIFIC RESEARCH METHODOLOGIES
AND TECHNIQUES, 1-25.
CBRE, (2015).
UK Property Market Outlook 2015
. [online] Available
at:http://www.cbre.co.uk/portal/pls/portal/CBWEB.utils_news_public.show_image?
id=17794&field=doc1&trans=n [Accessed 25 Mar. 2015].
Cole, H. (2003). Marketing Real Estate Services.
Services MarketingQuarterly, 43-53. doi:10.1300/j396v25n02_04
Creswell, J. (2014).
Research Design: Qualitative, Quantitative, and Mixed Methods Approaches
. 4th ed. Thousand Oaks, Calif.: Sage Publications.Deans, J. (2013).
UK ad spends set to hit record £14bn
. [online] the Guardian. Availableat http://www.theguardian.com/media/2013/nov/25/uk-
advertising-spend-hit-pre-crash-high [Accessed 25 Mar. 2015].
Drew. (2007, 9 7). ETHICAL ISSUES IN CONDUCTING RESEARCH. 03-Drew-45303.qxd,
pp. 55-80.Flowers, P. (2009, 1). Research Philosophies. Research Philosophies
Importanceand Relevance Issue 1, pp. 1-5.
Ford, J., Rutherford, R., and Yavas, A. (2005). The effects of the internet on marketingresidential
real estate.
Journal of Housing Economics
, 14(2), pp.92-108.
Goi, C. (2009). Perception of internet users and marketers on internet marketingactivities:
Malaysia perspective.
Appendices 1
Questionnaire
1)How many male and female are searching for property?
o Male
o Female
2) Which Age group of customer ?
o 18-24
o 25-39
o 40-60
3) What is the marital status of the customer?
o Married
o Unmarried
4)What is the qualification of the customer?
o Graduate
o Matriculation
o Phd
o Post – graduate
o Under – graduate
5) Which source of information do you use while choosing real estate
property
o Broke
o Family
o Inter
o Other
o ReaL
6) Do you own a property?
o Yes
o No
7) Which type of property do you own?
o Apartment
o Land
o Commercial
o Villas
8) Which property type you are looking for?
o New homes
o New home, resale
o Rent
o Resale
9) What is the price range of the property you are willing to consider?
o cr to 2 cr
o cr to 3 cr
o cr to 4 cr
o 4cr above
10) Have you ever consulted a real estate company/agent?
o Yes
o No
Appendices 2