Property conveyancing business was considered a very profitable and potential business even a few years ago. While it might still continue to be very potential, things certainly are not the same as they were around a few years ago. On the one hand competition has increased quite substantially. On the other hand, there also has been man other market situations which are contributing to uncertainty in this business. Taking all these factors into account, there is a need for real estate conveyancers to find out ways and means by which they can thrive and grow in these difficult situations.
While there are some basic objectives which continue to be as relevant as they were a few years ago, there are some unmistakable changes happening around us which cannot be ignored. For example, the improvement in technology has certainly redefined the way business is being perceived by customers. Products and services are being bought and sold on the internet only after getting the full knowledge and information about the same. Hence, even if you are a very successful valuer you must be alive to these changes and make alterations to your business models accordingly.
For example, if you are forward looking and visionary conveyancer, there is no way you can ignore the importance of the internet and modern technology. You must immediately have a website of your own, if you have already not got it. You must take steps to ensure that you have more number of prospects visiting your website failing which not much result will be forthcoming. You must try and offer value additions to customers by way of online conveyancing which could be a certain game changer. You must try and find out efficient and time test ways and means by which you can network better. While strengthening and deepening existing relationships you must also focus on building new ones.
There is also the need to have more contact with other stakeholders apart from retail customers. Banks and financial institutions have huge conveyancing business potential which they are ready to outsource. You must be all eyes and ears to be alive to such possibilities and opportunities. Being members of reputed chambers of commerce and other such institutes will also go a long way in helping you business.