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The property business is one of the business line options that students can work on to get additional income. You might think that starting a property business requires a large initial capital. So it is not ideal for students to work on.
However, this assumption is actually not entirely correct. originally there were a number of property business lines that could be undertaken even with a small initial capital, even without capital.
So it is ideal for students who are looking for additional income. Moreover, running the property business is also quite flexible. That is, you can set your work time as you wish, so it doesn’t interfere with your obligations as a student.
Property Business Line for Students
How, are you interested in starting a property business, to increase your income while studying in higher education?
If so, we will provide reviews on a number of property business lines for students. Here are the reviews:
Boarding House and Rent Brokers
Running a property business for students is actually quite simple. Even to start, you do not need a large capital.
You only need to collect information regarding the availability of boarding houses or rented houses around the campus. You can go directly to the location of the boarding house or rented house. Then establish communication with the guard or home owner.
Also convey your intentions and goals for wanting to market the boarding house or rented room. Regarding commissions, usually the owner of the boarding house or rented house already has its own rules regarding the amount or percentage of fees for the services of third parties or brokers.
If an agreement regarding the commission has been established, you can ask permission from the guard or home owner to take pictures regarding the condition of the room and the available facilities as documentary evidence.
After that, the next step is to market the boarding or rented rooms.
There’s nothing wrong with conventional word-of-mouth marketing. You do this by offering it directly to your campus friends.
Independent Property Agent
The process and flow in running the property business line for students is actually no different from a rented or boarding house broker. A simple way to start a career as an independent property agent is to look for land or houses for sale near where you live.
After that, you can carry out the steps previously mentioned. Starting from establishing communication with property owners to starting the marketing process.
Similar to being a boarding or rented broker, property owners or sellers also usually have their own rules regarding sales service commissions for third parties or brokers.
Part Time Property Agent
Another property business idea for students is to become a part-time property agent. You can apply for a job at a developer company or property sales service.
Given your status as a student, look for vacancies from companies that are willing to hire a part-time property agent.
Being a property agent is not an easy job, because you have to bear the burden of sales targets. Even so, there are many ways that can help you meet sales targets.
A career as a part-time property agent is actually a valuable capital for you, if you want to continue your career in the property world after graduation.
More than that, you can also learn a lot about the ins and outs of the property business, which will be useful if you want to be in the business.
Create a Property Buying and Selling Site
If you have expertise in the IT field, you can practice this knowledge by creating a site or application for buying and selling property.
Profits will usually be obtained through exclusive contracts from developers, who market their products on the sites or applications that you create. The coffers can also flow through affiliate marketing and advertising.
Tips on Running a Property Business for Students
After knowing a number of property business lines that are suitable for students, now is the time for us to provide some tips that might help you start the business. Here are the reviews:
Be observant in taking advantage of opportunities
In all lines of business, the crucial thing that must be owned to achieve success is to be observant in taking advantage of the opportunities at hand.
Opportunities to start a true property business can be obtained from the surrounding environment. That is, you must be observant to see the potential that exists in the environment around you.
Surely there are friends, neighbors, or relatives who intend to buy or sell a house. Isn’t that an open opportunity that can be exploited?
You can offer services to find housing that suits their needs. Likewise with offering assistance to market the property they want to sell.
Learn Marketing Strategy
A good marketing strategy is one aspect that can determine success in the business world. The real estate business is no exception. Marketing strategies can be studied through various media such as books, seminars, training or workshops.
This activity is here as a solution for those of you who want to improve your competence as an independent agent to make it more professional and skillful.
Deepen Marketing Communication Science
An important aspect of achieving marketing success in business is good communication.
Communication skills are needed to build relationships – be it with investors, sellers, or potential buyers. There are several principles that you need to know in marketing communications, including:
- Convey product advantages
- Use language that is easy for the communicant to understand
- Convey the benefits of buying the product
- Don’t cheat
- Don’t badmouth other products
Those are a number of property business lines for students asking for success tips. I hope this information is helpful.