{"id":556,"date":"2020-03-15T14:55:16","date_gmt":"2020-03-15T14:55:16","guid":{"rendered":"https:\/\/www.propertyunder50k.com\/blog\/?p=556"},"modified":"2020-03-15T14:55:17","modified_gmt":"2020-03-15T14:55:17","slug":"coronavirus-business-damage-control","status":"publish","type":"post","link":"https:\/\/www.propertyunder50k.com\/blog\/2020\/03\/15\/coronavirus-business-damage-control\/","title":{"rendered":"Coronavirus \u2013 Business damage control"},"content":{"rendered":"\n

5 tips to keep your real estate business\nhealthy<\/h2>\n\n\n\n

We have seen a sudden but shockingly high decline in interest for real estate in the COVID-19 affected areas. This truly is a big concern for everybody that works with real estate. It\u2019s totally understandable as people have other things on their mind than to buy a new house. Let’s see what you can do to keep your real estate business healthy.<\/p>\n\n\n\n

The arrival of the coronavirus has been\nunexpected, both in terms of speed and extend of damage that it could impose on\nthe industry if not managed quickly.<\/p>\n\n\n\n

So far, we don\u2019t know for how long this\nsituation will go on or worst – we may not know how our business can survive\nthis time. Most likely the interest in properties will come back but at the\nsame time we don\u2019t want to sit on our hands waiting for this to happen. So here\nare a few tips on damage control for your business or – to give it a more\npositive twist \u2013 improving your real estate business in a way that will make it\nmore flexible in the future.<\/p>\n\n\n\n

Tip # 1 – Carefully plan your new strategy<\/h2>\n\n\n\n

First and foremost \u2013 like with every advice\ngiven regarding the coronavirus lately \u2013 stay calm. This is true for your new\nbusiness strategy as well. Make yourself a coffee sit down and think about new\nways your business can operate. Maybe make a little brainstorm with your staff\nvia video conference. <\/p>\n\n\n\n

Keep in mind to put yourself into the shoes of your customers. They are told to have as little physical contact as possible and only to leave the house if totally necessary. A trip to a real estate agent might not be on their list of priorities right now. At the same time, they may have lots of time at home, being bored and surfing the net. If they would have the possibility to go to some virtual house viewings it\u2019s probably great fun for them.  Who knows if they not fall in love with one of your houses they otherwise never would have seen?<\/p>\n\n\n\n

\"real
Technology to the resue<\/figcaption><\/figure>\n\n\n\n

Tip # 2 – Less personal and more virtual<\/h2>\n\n\n\n

This is definitely the new way for many businesses. If you think you still need to improve in that regard, this is the time to do it. So far, many really appreciated the personal contact real estate agents offer \u2013 they could discuss their needs and preferences. Only because you should avoid direct contact doesn\u2019t mean you can\u2019t still offer a great service to your clients. It only means that the way on how to do it changes. You can still be there for them \u2013 although not in person \u2013 and keep them engaged. For example contact via phone and internet. <\/p>\n\n\n\n

Find a way for your employees to work from\nhome. Strange as it may be in the beginning, once everybody is used to it you\nwill recognize its many advantages.<\/p>\n\n\n\n

This new technology already exists and\nright now we can see the big advantages it gives in a time like this.<\/p>\n\n\n\n

Tip # 3 – Work on your online presence and social media<\/h2>\n\n\n\n

If you have no website, get one. If it is\n20 years old, get a new one. Also, get active in social media. See what people\n\u2013 your possible customers \u2013 are concerned about and give them a solution. If\nthey like it they will share it with others giving you marketing for free. Word\nof \u201cmouth\u201d \u2013 although virtual \u2013 is a great tool that should not be\nunderestimated. It might even spread to locations you previously had no clients\ngiving you a broader audience.<\/p>\n\n\n\n

There are also many real estate portals<\/a> where you can list your property ads for free<\/a> giving you some extra exposure.<\/p>\n\n\n\n

Tip # 4 – Staying positive, flexible and creative<\/h2>\n\n\n\n

Unusual circumstances call for unusual\nsolutions. This is your chance to come up with something truly unique and\ncreative. Good ideas you implement and share will spread and get your business\nback on your feet in no time. As long as you stay positive and motivated there\nare many ways you can explore. Please keep in mind to share your optimism with\nyour staff as well, they contribute a big deal to your business and are a\nvaluable asset. Give them room to be creative as well.<\/p>\n\n\n\n

Tip # 5 – Getting help from the government<\/h2>\n\n\n\n

Last but not least, getting some help is no sign of weakness. Don\u2019t feel too proud to accept it. You don\u2019t need to feel ashamed to apply for the help your government offers for affected businesses. Every country may handle this in a different way and it is a great thing that they are helping the local companies. Always remember, to be in financial difficulties because of the COVID-19 is not your fault. If someone lends a helping hand to support you, you take it.<\/p>\n\n\n\n

Those 5 measures are a big step in the right direction to keep your real estate business healthy. We all understate the significance of planning to deal with emergencies.<\/em><\/p>\n\n\n\n

If not already done so, prepare yourself for future emergencies. Don\u2019t forget to set up your business continuity plan<\/strong> \u2013 a file that identifies possible dangers\/emergencies that can arise in your location, ways to reduce risks, and ensures the least amount of interruption to your business during such an emergency. The business continuity plan should assist you to set up the resources and information needed to deal successfully with a future crisis.<\/p>\n\n\n\n

Of course, you hope you\u2019ll never need to use it, but you\u2019ll be happy to have it should disaster strike. <\/p>\n\n\n\n

Keep your real estate business healthy and your staff safe, plan ahead<\/h2>\n\n\n\n

Keeping your real estate business healthy\nin all sorts of circumstances will be essential and it\u2019s always best to be\nprepared. <\/p>\n\n\n


\n
\n<\/p>","protected":false},"excerpt":{"rendered":"

5 tips to keep your real estate business healthy We have seen a sudden but shockingly high decline in interest for real estate in the COVID-19 affected areas. This truly is a big concern for everybody that works with real estate. It\u2019s totally understandable as people have other things on their mind than to buy … Continue reading Coronavirus \u2013 Business damage control<\/span><\/a><\/p>\n","protected":false},"author":4,"featured_media":558,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[236],"tags":[271,266],"yoast_head":"\nCoronavirus \u2013 Business damage control - propertyunder50k.com<\/title>\n<meta name=\"description\" content=\"The arrival of the coronavirus has been a shock, damage to your business seems almost certain - find 5 tips on how to keep your real estate business healthy\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.listproperty4free.com\/blog\/2020\/03\/15\/coronavirus-business-damage-control\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Coronavirus \u2013 Business damage control - 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