Business & Property

Benefits of Word of Mouth Method in Property Marketing

There are many strategies you can use for property marketing. Direct marketing, indirect marketing, and many more are available to use to fit your liking. However, there is also word of mouth method in property marketing you may need to consider due to its effectiveness. This method is actually not new at all. This can be considered as manual or traditional method in marketing in general. However, this method seems to work efficiently in property business as lots of investors show their interest in using this method and the result is positively good in return.

Word of mouth method in property marketing benefits

Word of mouth method in marketing strategy is considered as recommendation which is made by satisfied customers to their network of personal contacts. The recommendation can be both in oral and written forms.  This is effective method because most customers are more eager to try new product or service recommended by their close friends or family. This strategy is more convincing in the customer’s point of view. It is more promising in the investor’s point of view. Here are benefits of word of mouth method in marketing:

  • This method is more effective in building trust to customers because most of them are more willing to try, purchase and stay loyal to brand or service referred by their friend or family member. This strategy emphasizes more on customer service and customer experience unlike the traditional marketing strategy which emphasize more on self-branding.
  • Word of mouth method in property marketing is less expensive than more modern marketing strategy such as putting ads on television, printing brochures, or campaigning on radios. Those who have experience in property business must have known that the cost of marketing is not cheap at all. It can even take large portion in operating budget. Thus, this strategy seems to be a great solution to have more affordable marketing.
  • This method of marketing is also a great help to build brand awareness. People will be easier to recognize your brand or in this case your property. Unlike social media which seem to be more exaggerated in many ways, word of mouth marketing is more convincing in providing resources which can be easily shared by customers to their families or friends.
  • It says that communication can be made not only by words but also by body language. Word of mouth is often to be done by direct communication and interaction between friends and families. This is why this method is more effective because customers will be more convinced by subtle body language such as when they friend’s eyes are so enthusiast while recommending your property.
  • Cold calling marketing startegies are less effective these days because people are getting immune to it in which they tend to ignore it instead of giving response. Meanwhile word of mouth method in property marketing uses warmer kind of communication by involving more intense emotional response. Thus, you need to formulate your strategy to drive this method so your property has positive light in return.
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My Blog

Bali Property For Rent, The Perfect Accommodation For Second Home

If you decide to look for Bali property for rent for a vacation or a temporary home, there are several options for you. Apartments, hotels or villas can be a consideration to stay comfortably. It will be very easy to find Bali property information for rent via the internet. But before deciding to choose a temporary residence, talking to the owner is the best. Negotiating prices, asking about the form of services and facilities and regulations while staying in a rented residence.

Bali Property For Rent

Rental prices for apartments, hotels or villas will be very different. All offer a different atmosphere and comfort. For your temporary residence in Bali, whether on vacation or work, the comfort factor is the main thing. This is the fact that when the holiday arrives the most feared is the holiday budget. Villas, apartments or hotels can be your accommodation budget solution. At least there are few that can save to place in other budgets.

Bali Property For Rent – Villa

Although Thailand or Hawaii are popular holiday destinations, more tourists flock to Bali. The charm of Bali starting from the culture, customs, scenery, friendliness of the locals and other activities is the main attraction. The best part of Bali is the villa. One of Bali’s property for rental accommodations is a trend and popular among tourists and expats.

Villa rentals in Bali really let you enjoy the privacy and tranquility that many people often crave. When arriving on vacation with family members of more than 6 people, the villa is perfect for vacation accommodation. Swimming pool facilities, spacious garden, kitchen, and equipment, unlimited internet connection, jacuzzi and security guarantee. Searching through a rental agency helps you get the accommodation you dream of.

Finding Bali property for rent by word of mouth will also be very profitable. You can get reviews directly from previous tenants. To be sure, you can get recommendations on the prices of luxury and cheap villas.

Bali property for rent – Apartment

For expats who live alone in Bali, apartments can be the perfect choice for temporary accommodation. There are many apartment rentals complete with furniture for expats. The apartment also does not rule out the possibility for tourists who want modern and simple accommodations.

Bali Property For Rent – Hotel

The hotel is the choice of tourists who want to stay with high luxury. 3-5 stars are scattered in many areas in Bali. The price will definitely be very different from other accommodations such as villas, resorts or apartments. If you travel to Bali less than 3 people, the hotel can be a smart choice. To minimize the holiday budget, 3-4 star hotels are perfect. Although the service provided is different from 5 stars, but it is quite comfortable and luxurious for your vacation. In essence, any Bali property for rent that you choose for a holiday should be adjusted to the budget and needs.

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Business & Property

Things to Know about Rental Property Financing

Financing holds an important role in real estate investing. Without proper financing, it will be harder for you as an investor to manage your business and gain profit. It is also the same when you investing in rental property. Financing is something you need to master if you want to build your business properly and successfully. There are various strategies to run business in property industry. They include wholesaling, fix and flip, full rehabs, and many more. However, buy and hold rental property is one of the most promising strategies you can count on in earning steady income and promising profit. However, those will happen if only you can master the art of rental property financing.

Rental Property Financing

Things to consider about rental property financing

Rental property is promising strategy since there are rent everywhere. The demand is high in which it rises the opportunities to gain more profits. However, you still need to work hard to be successful in rental property investing. You need to do your due diligence and find the right tenants. You need to decide many things especially the basic so that your portfolio will be positively affected as well. Here are what to consider when it comes to rental property financing:

  • Financing is about number in the first place. It is important factor to mind. You need to run your number before anything. This is to find out how much you can afford to spend even before you start looking for houses to buy. Four things to consider in this point are financing to find out the best option to you, transaction fees to make sure your bottom line is safe, management fees to decide whether or not you need to hire property management company, and market indicators to find out more about the average rent and make comparison.
  • Next thing to consider is none other than location. This is one of the most important points in real estate industry. After running the numbers and finding out how much you can afford, it is time to find the best property to buy. Make sure to be selective in buying the property. It is recommended to find the one located in attractive property in desirable neighborhood. You can do your own research to find the best one. It is also important to consider local amenities which will make your tenants live comfortably in your rental property.
  • When you decide what kind of location you want your rental property to be in, then it is indirectly decided what kind of tenants you want to rent to. Every type of tenant has different needs. You can choose to target students, families, or workers as your target.
  • Financing rental property will be easier when you have good credit score. It gives you less risk of having financial obstacles in the future. Thus, make sure don’t have any credit issue even before you start investing in rental property. You need to fix any issue related to your credit before jumping into any actions.  
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Business & Property

Why Not Buying Property In Bali To Realize Your Dreams?

Bali is one of the islands in Indonesia that is located between the islands of Java and Lombok. Tourists visiting Bali have learned that this exotic island offers a myriad of luxury, comfort and high relaxation. Bali is an archipelago and blesses with beautiful beaches, beautiful scenery, culture, and stunning traditions. Have you ever thought about living in Bali and enjoying the beauty of a sunset?

buying property in balo

 

Buying Property In Bali, Realize A Good Dream and Enjoy Life

Many people dream of buying property in Bali. This is the perfection of life. Who doesn’t want to live on the dream island of most people? Whether buying property in Bali is your place of residence or as a second home, Bali is perfect for escaping in the winter. Why dream of buying property in Bali if it can become a reality?

Bali with friendly weather throughout the year and the value of land and buildings that have high selling value is a smart investment step. With a little repair for a used house or villa and facilities, you can get all the comfort and lifestyle. The property in Bali market continues to increase by 25-30%, along with the increase in tourist arrivals.

Lately, many tourists come to visit and decide to buy property in Bali. Buying property in Bali means securing your own paradise. You must be here to see for yourself the scenery and beauty of Bali. The photos that you see online do not yet represent the beauty of Bali as a whole.

Buying property in Bali cannot be done carelessly. All stages and procedures must be carried out in accordance with applicable government regulations. This applies to all who wants to buy property without exception, both Indonesians and foreigners. Realizing the dream of buying property in Bali will be easy if through a property agent. Especially for foreigners, they will greatly assist the legal process related to property ownership in Bali.

In fact, if you are a foreigner, it is not possible to own land and property in Bali. Or you can own land and property on behalf of the Indonesian people you appoint. Having property in Bali is a dream, which can be realized for everyone, no matter where you comes from. Provided that it meets the requirements and follows applicable government regulations.

Some real estate is popular and is the target of most such as Seminyak, Canggu, Umalas, Kuta and several other places. The simple tendency of people who want to enjoy life in Bali is to want to be close to the beach. It would be very beneficial if you buy property in Bali to stay or invest. Buying property in Bali is an investment with the best benefits and smart steps both short and long-term.

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Business & Property

The Importance of Sustainability in Property Business

Today, it is impossible to ignore the act of ‘go green’ especially when it comes to residential and commercial property. Even though technology seems to be capable to make any kinds of changes or improvement, nothing can compare to the importance of sustainability. Thus, technology today is geared toward more sustainable development in property business. In the past, majority of people are interested to live in the big city.

The Importance of Sustainability in Property Business

Today though, millennial are more interested to live in suburban since it provides more comfort and ideal situation for living. Besides, people are now preferred sustainable and energy efficient appliances instead of the luxurious ones. This shows how people are more aware about the importance of sustainability which benefits them as well as their surroundings.

Why is sustainability importance to be applied in residential and commercial property development?

Going green is not new since humans have become aware that the problems of global climate change are serious and need the right solution. The first thing that is suitable for the change is property in which people are living and doing their activities daily. Going green means all kinds of redevelopment of the property either residential or commercials focus more on sustainability. In return, it benefits the environment, as well as community and economy. As for the homeowners and investors, sustainable redevelopment is also beneficial. Investors have more potential to sell their property which has sustainable features. As for the homeowners, they can reduce energy bills and even their life will be improved in many ways.

 

Reasons why sustainability is important in property business

  • Buildings, both commercial and residential contribute to energy used about 40 % of the total amount. It leads to global climate change. That’s why sustainable properties will help reducing carbon footprint as well as general environmental impact.
  • Sometimes investors and developers are reluctant to build or remodel properties to go green concept sue to the cost. However, it only cost 5-10% more expensive. If they can only utilize some features, the percentage will be decreased.
  • As mentioned above that homeowners gain benefits from buying and living in a house with sustainable features because they can save energy bills. This is beneficial not only for the homeowners but also for the overall energy used. Net energy will save up significantly in a year and more.
  • Investors and developers are mostly worried about go green properties not being attractive enough for the consumers. However, the study shows that nearly half consumers are indeed willing to buy a home with some sustainable features or zero net energy. This shows that the possibility of earning less profit is rather small.
  • There are many features in homes that can be remodeled to be more energy efficient such as wall, ceiling, floor, window insulation, lighting, heating or cooling system, electrical outlets, as well as ventilation system. Developers can start from any of them. Remodeling can be applied to the entire elements in home or to only some of them.

 

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Travel & Leisure

Simple Steps to Get the Best Komodo Boat Deal

The first thing that will come to mind when you hear about Komodo sailing trip is, as it should be, booking the Komodo boat. Though it seems super easy, finding a good boat that suits your preference is quite a hard work, let alone finding the best deal. Labuan Bajo has wide collections of liveaboard for all preference. All you need is set some time aside and put that into a good research.

Simple Steps to Get the Best Komodo Boat Deal

The overflowing tourists from diverse travelling styles and budgets who come to Flores gives significant impact to tour operators’ growth. Today, Flores is blooming with various sailing trip packages available to suits everyone budgets. From humble liveaboard with basic rooms and shared toilet to ultra-luxurious liveaboard for two, Labuan Bajo has it all. But what can you do to get the ultimate best deal Komodo boat?

Surf the Boats

You have the internet on your hand and you can Google it anytime. So why wait? Nowadays many Labuan Bajo tour operators has set their online presence. You only need to visit their websites and find informations you are looking for.

Tips: since you cannot see the boat with your own eyes, always choose Komodo boat tour who showcases complete gallery of their boats. The virtual tour to every corner of the boat will give you a picture of how the boat looks like. Find detailed informations of facilities, services, and what onboard. Avoid websites who are shy away from putting pictures or complete boat informations—it smell fishy (pun intended).

Walk Around the Town

If you are keen to see something with your own eyes before believing, do visit Labuan Bajo few days prior. Go to the harbour where all the boats are anchored and give them a little tour. Walk to the very end of the row and visit every shops that draw your interest. Talk with the owners and see what type of Komodo boat they have. You can also make appointment with some of the online tour you had visited and see the promise in reality.

Compare and Compare

To find the best deal, you need to have lots and lots of comparison. The more you compare, the better you know the real value of the boat in each type. Prices can be greatly varied for basically standard type, but can also have little difference with liveaboard of slightly upgraded version. If you only see a few dollars between value liveaboard and bigger Komodo boat, we’d strongly recommend you to take the latter. Why pay for slightly cheaper price for sleeping in open space deck when you can have clean cabin of your own for few additional dollars? Now that’s what I would say as best deal

Switching From AC to Fan

If the liveaboard has cabin with fans and offers the same type of cabin with air con for some more dollars, I’d take the fan one at any given day. Having nice cabins is nice, but eventually you are expected to spend more time outdoor than curled up in bed.

Be Picky with Safety

When you can forsake some creature comforts, never put safety into second priority. It’s no use to get cheap boat if you get stuck in the middle of the sea with broken engines. Or having your boat almost drowned by the strong waves. Find whether the boat has life jackets and other safety measures, and when it was last maintained. Your safety should be a number one priority!

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Business & Property

Here’s How Co-Working Spaces Benefit the Emerging and Future Workers

Much of everything else in today’s world, working has evolved, and is still evolving, to be more mobile, as it continued to cater to demands of flexibility. Co-working spaces have been a good solution to these demands, and they continued to become an important part of today’s working environment. Co-working spaces are known to be extremely vital to freelance professionals and groups of startup businesses. How do these working individuals get to benefit from these co-working spaces that becomes especially popular the past decade?

Here’s How Co-Working Spaces Benefit the Emerging and Future Workers

Addresses the issue of lack of accountability

This is especially true when one is a freelance worker who mainly offer their services online. Despite the immense flexibility and freedom it offered, freelancing is difficult to get right simply because of a lack of fundamental aspect that exist in the traditional working environment; accountability. That is, no one that held you accountable is anywhere near the immediate facility. And often time, you’re working by yourself. Changing the working environment is something that has been proven to be effective for many freelance workers. You don’t even have to work with your boss in the vicinity, simply with a colleague or a project partner—or just strangers—would improve your productivity and lessen distractions. Theres also the fact that you’ve gone out of your house just to work, and it’s something that you can technically do at home—so you might as well get it done and over with.

 

Minimize distractions

When you work at home, it’s easy to just go back to sleep, watch TV, or pet your cat. You’re also prone to get distracted by your family, by relatives’ visits, and many other factors. And since no one who’s holding you accountable is anywhere near, it’s easy to just, say, go back to sleep, or binge-watch netflix. It’s also important to realize that by working at home (the worst is your bedroom without any separation whatsoever with your working space), you’re likely to associate your personal space with work, a potentially high stress-inducing activity. Separating your home from your work has shown to strike a healthier work-life balance that’s extremely essential for both mental and physical health.

 

Networking

Co-working spaces provide an excellent opportunity to socialize. A lot of working faces have various facilities such as cafes and restaurants. It’s easy to chat over a cup of coffee during breaks and form connections. There will be more chances to find like-minded individuals as well. Freelancers and small business owners alike often led a very isolated life due to the nature of their work. Therefore, moving the working space onto a setting that provides a better opportunity for social interactions to flourish is a smart move.

 

Helps with challenges and frustrations of working independently

Again with the lack of accountability, it’s simply difficult to follow a schedule. Aside from knowing your limits and how much you can chew when it comes to working, creating a supportive environment is just as important. Doing business at a co-working spaces often increase productivity compared to simply doing work at home, especially if you’re a one-man or a one-woman team.

 

Significant reduction of space-related cost

This especially true for small businesses. Employing a co-working space would greatly minimize startup capital. Cost for space is not going down—has only increased as time goes, in fact. Therefore highly adaptable strategies such as employing the use of co-working space is a wise one.

 

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Travel & Leisure

A Weekend Well-Spent in Luxury Liveaboard Labuan Bajo

Labuan Bajo has been high on my bucket lists, and when my chance to get on a luxury liveaboard Labuan Bajo for a weekend came, my heart leaps with . It was in the middle of September, where Labuan Bajo slowly entered the shoulder season. I always loved the diversity and natural landscape in Southeast Asia, but Indonesia stunned me into endless awe. Personally, I think the more you go into the eastern part of the country, the more beautiful its landscape is. And this is true apparently true when I got to see the beauty of Flores with my own eyes!

The sky was clear, the savannah was as crisp as ever, and the tourists were getting lesser than before. Our tour leader told us that we miss the Komodo Dragons’ mating season, but we were entering the season of Mantas! I suppose it’s fair to not seeing the dragons doing their fun bits—the Mantas were coming! And the best of all, I got to experience it all in a brand-new, exclusive Labuan Bajo liveaboard.

A Weekend Well-Spent in Luxury Liveaboard Labuan Bajo

 

So this is how my days went in at the luxury liveaboard Labuan Bajo. Needless to say, this was one of the most extraordinary trip I’ve ever done.

 

Staying in A Five Starred Floating Hotel

There are many boats around Labuan Bajo in various types. From basic crafts ships where everyone sleeping in thin matrasses in the deck, to the first-class yacht with private balcony on each of its yacht. The luxury liveaboard Labuan Bajo I went with, Ocean Pure by Hello Flores, exceeds my expectations. Resting there in Labuan Bajo’s dock, the shiny polished boat was waiting for us to make her our new home. For the next three days, she led us on impressive adventure around the Flores Sea with not even a slight disturbance.  It’s easy to say that we were sleeping in a floating boat. I slept in one of its five spacious cabins. With 20 m2 vast cabin, the room hardly felt cramped—and we even got our own bathroom, which was nice.

 

A Wonderful Dive At Every Corner

Most liveaboard in Labuan Bajo features one or two dives per day, particularly when diving is your main concern. My trip was a satisfying mix of land exploration and underwater adventure. As much as we got the fun with dragon hunting and superb trekking, the diving itself was amazing. The crew took us from the phenomenal Manta Point, aquarium-like Batu Bolong, to the remote Castle Rock.

 

Luxury Liveaboard Labuan Bajo was A Perfect Place to Get Disconnected

Beyond the jaw dropping scenery and thrilling adventure, the trip itself offered me a chance to get disconnected from the world. In moments where we were not exploring the land or the water, I spent the time simply sunbathing in one of the comfy loungers. Most of the times we got no internet connection, and who knows, it was actually feel liberating. After dive or hike breaks was a perfect time to lie down, reading a book or simply rearranging my trip photos. And in boat as comfortable as my luxury liveaboard Labuan Bajo, this seemingly mundane daytime turned out to be a simple haven.

 

 

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Business & Property

Quick Basics in Home Staging

Knowing the basics of home staging yourself would prove to be a valuable insight to sell your properties or your homes later when the time comes. Here are some of the quick basics to preparing your house for the dressing up your house needs.

Cleaning is always the first step

Thorough, deep cleaning of your house is necessary. It won’t only benefit your future home buyers, but also yourself, especially if you live in the house during the listing period. In a sentimental sense, it could also be a way to say “goodbye” to your house by doing the house you’ve been living it for years a favor.

Cleaning is also an obvious first step, but a lot of people sometimes forgo cleaning altogether because they assumed their house look good as it is and only needs a few decor modifications. Cleaning is vital in making your house look presentable and even newer. Make sure that you also de-clutter your house. Small items can be very distracting and are often unnecessary; only making your space feel crowded and smaller than it actually is. It’s easy to get your space messy by having small items on display. These can be anything from toys, house decorations, or even any items on top of the table. Make sure to de-clutter; it makes such a big difference for your space.

Neutrality is key

Home is a highly personal space and there are likely a lot of personal elements you’ve given to your house over the years, especially if you live in it. You’re bound to have some sort of personal touches to your dwelling. however, not everyone agrees, or even enjoy your choice of style. One might not like that deep purple color you pick for the living room because you’re fond of the shade. While paint colors isn’t a huge deciding factor in buying a house, a lot of people would find it a chore to re-paint it, especially those looking for ready to live-in house. Making the place “less personal” is actually an important key to reaching as many prospective buyers as possible. By de-personalizing your space, it does not mean a space loose characters; it’s being dressed in its best possible light inviting as many potential buyers as possible.

With this in mind, neutral could mean anything from the background and the permanent fixtures of your house to your furnitures. The neutral concept works best across all aspects of home staging. In fact, interior design has emphasized on how much neutral colors are so much more appealing to homebuyers. Neutral backdrop can also emphasize on the features of a room that you’d like to have stand out from the rest. Using neutral colors is one of the most fundamental ways that you can apply to improving your house for staging.

Take notice of the permanent fixtures of your home

Is your ceiling fans working? Does it emit a squeaky sound when it’s turned on?

The same questions should be asked for obvious fixtures such as doors and windows.

Replacing window panes that looks worn and old, fixing the door if it’s squeaky, and such. You might overlook a lightbulb or two, but you should be checking even trivial things like this. Having everything functioning and well would help improve the house’s appearance “age” considerably.

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Business & Property

Buy Bali Real Estate For Sale Cheap For Stay And Rental Income

It is very possible for everyone to be emotionally connected to the beautiful places visited. Do you know beautiful places that you cannot refuse? Bali is one of them. Beautiful tropical island with unique customs and cultural diversity. The charm of Bali has been planted for years and never fades. Have you ever thought about living in Bali, a beautiful and exotic island?

Bali real estate for sale cheap

The wave of foreign and Indonesian displacement itself has happened a long time ago. Bali has attracted many people to work or settle down to enjoy a quiet old age. If you can afford it, why not? Buying cheap Bali real estate for sale provides many benefits. Aside from being a place to live, you can rent it back to domestic or foreign tourists. This is a promising business.

When the high season arrives, the profit you rent back to Bali real estate for sale cheap that you buy will be very visible. If you are interested, there are many opportunities to buy Bali real estate for sale cheap. Whether you are looking through direct owners or property agents, everything is possible. Never be tempted by Bali real estate for sale cheap from brokers who are not recommended.

Long with the high interest of Balinese real estate buyers for sale cheap, both for a living and renting, many investors are cheated by the mischievous broker’s trick. This will be very detrimental to you, both time and money. Mistakes can lead to long and lengthy legal processes. In fact, the purchase of real estate is complicated and sometimes disappointing so it requires a level of seriousness.

What if you rent and place it at the same time? That is possible! You can buy Bali real estate for sale cheap in the form of land and build it into 2 parts. 1 part you use for your “little paradise”, and another part for future tenants who will rent your property. Make sure you build a villa or guest house that has high selling potential. What is important for tourist residence is a convenience, internet facilities, adequate water availability, and the owner’s hospitality.

Cheap does not mean that your property’s worth is below the average value. The important thing that you must pay close attention to before buying Bali real estate for cheap sale.

The Construction

Make sure you know how the building was built (if it is in the form of a house or villa). There are many developers who buy cheap materials to save money. As a result? Much damage can be seen within a period of less than 1 year after construction is completed. You need to know whether the wall is concrete, whether it has a seismic foundation (earthquake resistance), wall thickness, and so on.

Phone and internet access

This is a high-tech era where internet and telephone play an important role. If the location of the Bali real estate for sale cheap that you buy is difficult to get a particular provider network, be sure to provide internet services for free for your future tenants.

Buy A full Bali Real Estate Furniture For Cheap Sale

This is a little in your favor. Expats who return to their country of origin after the work period or end of stay must leave the house they have. The opportunity to buy at a slightly cheaper price is always there. There is no need to buy furniture to complete the house or villa. This will greatly save your budget. Bali real estate for cheap sale is the perfect investment for your stay or investment, both short term or long term. 

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