Real Estate Virtual Tour App

Andrew O · 02-11-2010, 12:12 PM

RealSpaceTours.com

For sale is the internet's only Free premium real estate virtual tour application. This service allows real estate agents to create completely free virtual tours of their homes for sale in under two minutes. The application has been a BIG hit with our users and there is incredible potential to grow this powerful, unique, and brandable site into a leader of the very lucrative real estate virtual tour industry.

Our service allows anyone to register for free, upload home photos/details, and the application will instantly create a 4-page full-motion virtual tour of their listings, complete with a video slideshow (instantly created from their photos), image gallery, map and contact form. From the back-end, the user can easily update their listings, track stats, promote through social media, and more.

Currently, the site has 260 users and 932 active virtual tours that have been created by users. Without much promotion, the site has strong search rankings and receives multiple new registrations per week.

This incredible opportunity includes the following:

The internet's only free premier real estate virtual tour platform
One-of-a-kind custom virtual tour creation system. This system works flawlessly to turn the users' images into a moving video-like slideshow. It is a $10,000+ project on it's own. It also includes purchased software, including the powerful Aurigma Java image uploading system (same one Facebook uses). Buyer gets full ownership rights to this platform that we developed.
Beautiful design and user interface that integrates perfectly with the coding.
Over 260 current users - with more registering every day.
Over 930 user-created virtual tours of homes for sale.
Traffic – 38,000 monthly views to the tour pages.
Brand and Goodwill that has been created through 12 months of marketing, social media work, and promotional efforts.
Momentum. Traffic stats are up and to the right, and registrations are growing on a weekly basis.

If you are interested in demoing RealSpace Tours, you may register for a free account on our homepage to access all features. To see a live tour, visit this link: 36 Twilight Bluff Newport Coast, CA

Why am I selling? This site has taken thousands of hours of work from myself and my talented staff. We spared no expense in developing and launching this application. However, my business is looking to exit internet marketing to pursue offline opportunities and as such, we need to sell our most prized site: RealSpace Tours.

Please PM me or post below with any further questions. All serious offers will be considered. I am looking for upwards of $10,000.

Revenue Details

This application has not been monetized; however other companies charge upwards of $25 per month for subscriptions to this type of service (This could be $6,500 per month with our current user base). We have received numerous emails from users telling us how much they love the service and would be willing to pay for a premium option. Not to mention the opportunity to place ads on the tour pages which receive 38,000+ incredibly targeted real estate visits per month.

Traffic Details

We track traffic to RealSpace Tours in two areas: hits on our main site, and hits that the user-created tours receive. Traffic to the main site is approximately 1,750 views per month, and traffic to the tour pages themselves (currently 900+ tours) is approximately 38,000 pageviews per month.

Traffic is increasing every month with minimal promotion work currently being done. Being one of the only FREE virtual tour providers, we have a strong position in this market.

Analytics Screenshots (December & January):

Front-End
Tour Pages

NOTE: This site may be listed for sale elsewhere and we reserve the right to not sell the site at any time.

brik2500 · 02-15-2010, 02:19 PM

interesting...how much time will be needed for support/tech

and updating...or is this automated?

thanks

downloadvyp · 02-15-2010, 05:00 PM

6,500 month? oh really ? that's too hard

Andrew O · 02-17-2010, 09:18 AM

brik2005, sorry for the late reply, I thought I was subscribed to the thread but apparently I was not.

I'm not sure what you are referring to by updating, the site is an application where users can sign up for accounts and create there own virtual tours. So on our end, there's very little updating needed.

I currently handle support on my own and I would say I receive maybe 1-2 requests per week that take 5 minutes each, so it's very minimal on that end.

mebot · 02-17-2010, 09:20 PM

Hi,

Can you tell me what kind of technical expertise would be required to maintain this site? What would it take to get familiar with the "nuts & bolts" of the site, the software it's based on, handling issues that may arise?

You mentioned that you get a few support requests, what kind of "support" is required & how much time does it take you on average, daily or weekly?

I want to complement you on the work you've done. You've kept the site simple, which really shows up the beauty of the tours, and you've obviously made it very user-friendly.

Thanks.

Andrew O · 02-17-2010, 10:41 PM

mebot: thank you for the compliments about the site. I did put considerable work into the site (over 1 year of basically full-time work) in addition to the work from my top of the line development team.

I personally have very little technical/coding knowledge and I am able to maintain the site by myself. The site is so streamlined that it doesn't take much at all to run and manage this service.

The software is totally custom and built in PHP. In addition, if you did want to make changes the original developer is on call and able to quickly make any updates or changes that you desire.

The support is typically a user that hasn't read the help files or followed the directions

. They're looking for answers to why their photos didn't upload properly or things of that nature, which are usually a 2 min. email reply to the user and I rarely run into anything too complex.

Thanks!

brik2500 · 02-21-2010, 08:43 AM

Andrew,

thanks for the pm.....

I have been talking to a good friend of mine who is a realtor
and we have been analyzing the competition out there....

there are certain sites/services that allow realtors to have this

for free....so we looked at the instances of keeping it free and then

allowing people to pay for upgrades. Just to let you know where

our mindset is...

Any thoughts on this?

Andrew O · 02-22-2010, 09:06 AM

Quote:

Originally Posted by brik2500

Andrew,

thanks for the pm.....

I have been talking to a good friend of mine who is a realtor
and we have been analyzing the competition out there....

there are certain sites/services that allow realtors to have this

for free....so we looked at the instances of keeping it free and then

allowing people to pay for upgrades. Just to let you know where

our mindset is...

Any thoughts on this?

That is actually my plan with the site if I did not sell. I think it's a fantastic idea. Creating a "freemium" model where a usable but limited version is free and a more fully-featured version (between $8-20 per month) is paid, could really work well in this market - and has proven itself to be a great business strategy.

Marketing9 · 02-24-2010, 02:23 PM

i was wondering what would happen to the existing clientele that you already have .. or is this a few sites that you already have and you would sell one bare bones with no clientele ?
How much training would be involved on your end .. or would this be the developers task?

thanks

Andrew O · 02-24-2010, 03:07 PM

Quote:

Originally Posted by Marketing9

i was wondering what would happen to the existing clientele that you already have .. or is this a few sites that you already have and you would sell one bare bones with no clientele ?
How much training would be involved on your end .. or would this be the developers task?

thanks

Hi, if I understand your question correctly, of course all of the 260+ clients would remain in the system after the sale.

The original developer is around to handle coding updates to the system if you needed, and I could provide support to you in getting everything setup on your end.

Thanks!

sharp · 02-24-2010, 03:12 PM

That is a great site, easy to monetize, though I'm not sure if I think 'ads' are a good plan... perhaps ads for the free listings, or none for the $XX per month crowd.

Have you considered a JV? I know many a person who'd be very capable of running it well and taking it into black ink; most of them would rather JV with you on it though with either an optional (or forced) buy-out in the future. That protects them and you. Doing it right would be a lot more tax friendly too.

Anyway, great site. If you want to talk seriously about it just PM me (for either the JV side, or just tips on the tax friendly bit).

sharp

dotmedia · 03-21-2010, 03:55 PM

i see your asking price. that's steep for a concept. Getting property managers and realtors to do these kinds of things is like pulling teeth from a great white in the middle of a feeding frenzy, especially when it cost $$ and no one else is using the system. with print media it was easy to say that you distribute 10k copies of your real estate paper around a metro area, and sell the ad space based on that. With the internet it's much harder to drive that traffic, sell the product to the b2b, and make sure the driven traffic is geotargeted enough that the conversions are with the effort on the part of the realtor while making sure the content is robust enough to keep traffic sticky and coming back for more.

my suggestion would be to work hard and get a few local realtors to use the site and advertise it for you, then start charging for upgrades. The problem with the internet is that if you dont do it for free someone else will. The good news is that it's so hard to get new real estate b2b clients that once you get them in your system (as long as it works) they are less likely to be persuaded by other suitors.

if none of that works get a hold of me. I might be able to help you work out a JV

good luck.

02-11-2010, 12:12 PM	#1
Andrew O HyperActive Warrior War Room Member Join Date: Sep 2009 Posts: 110 Thanks: 1 Thanked 10 Times in 10 Posts Social Networking	Real Estate Virtual Tour App – $6,500/Month Potential RealSpaceTours.com For sale is the internet's only Free premium real estate virtual tour application. This service allows real estate agents to create completely free virtual tours of their homes for sale in under two minutes. The application has been a BIG hit with our users and there is incredible potential to grow this powerful, unique, and brandable site into a leader of the very lucrative real estate virtual tour industry. Our service allows anyone to register for free, upload home photos/details, and the application will instantly create a 4-page full-motion virtual tour of their listings, complete with a video slideshow (instantly created from their photos), image gallery, map and contact form. From the back-end, the user can easily update their listings, track stats, promote through social media, and more. Currently, the site has 260 users and 932 active virtual tours that have been created by users. Without much promotion, the site has strong search rankings and receives multiple new registrations per week. This incredible opportunity includes the following: The internet's only free premier real estate virtual tour platform One-of-a-kind custom virtual tour creation system. This system works flawlessly to turn the users' images into a moving video-like slideshow. It is a $10,000+ project on it's own. It also includes purchased software, including the powerful Aurigma Java image uploading system (same one Facebook uses). Buyer gets full ownership rights to this platform that we developed. Beautiful design and user interface that integrates perfectly with the coding. Over 260 current users - with more registering every day. Over 930 user-created virtual tours of homes for sale. Traffic – 38,000 monthly views to the tour pages. Brand and Goodwill that has been created through 12 months of marketing, social media work, and promotional efforts. Momentum. Traffic stats are up and to the right, and registrations are growing on a weekly basis. If you are interested in demoing RealSpace Tours, you may register for a free account on our homepage to access all features. To see a live tour, visit this link: 36 Twilight Bluff Newport Coast, CA Why am I selling? This site has taken thousands of hours of work from myself and my talented staff. We spared no expense in developing and launching this application. However, my business is looking to exit internet marketing to pursue offline opportunities and as such, we need to sell our most prized site: RealSpace Tours. Please PM me or post below with any further questions. All serious offers will be considered. I am looking for upwards of $10,000. Revenue Details This application has not been monetized; however other companies charge upwards of $25 per month for subscriptions to this type of service (This could be $6,500 per month with our current user base). We have received numerous emails from users telling us how much they love the service and would be willing to pay for a premium option. Not to mention the opportunity to place ads on the tour pages which receive 38,000+ incredibly targeted real estate visits per month. Traffic Details We track traffic to RealSpace Tours in two areas: hits on our main site, and hits that the user-created tours receive. Traffic to the main site is approximately 1,750 views per month, and traffic to the tour pages themselves (currently 900+ tours) is approximately 38,000 pageviews per month. Traffic is increasing every month with minimal promotion work currently being done. Being one of the only FREE virtual tour providers, we have a strong position in this market. Analytics Screenshots (December & January): Front-End Tour Pages NOTE: This site may be listed for sale elsewhere and we reserve the right to not sell the site at any time.

02-15-2010, 02:19 PM	#2
brik2500 Business Builder War Room Member Join Date: Dec 2009 Location: Cincinnati, Ohio Posts: 214 Thanks: 53 Thanked 11 Times in 11 Posts Social Networking Contact Info	Re: Real Estate Virtual Tour App – $6,500/Month Potential interesting...how much time will be needed for support/tech and updating...or is this automated? thanks

02-15-2010, 05:00 PM	#3
downloadvyp HyperActive Warrior Join Date: Jan 2010 Posts: 125 Thanks: 18 Thanked 4 Times in 3 Posts	Re: Real Estate Virtual Tour App – $6,500/Month Potential 6,500 month? oh really ? that's too hard

02-17-2010, 09:18 AM	#4
Andrew O HyperActive Warrior War Room Member Join Date: Sep 2009 Posts: 110 Thanks: 1 Thanked 10 Times in 10 Posts Social Networking	Re: Real Estate Virtual Tour App – $6,500/Month Potential brik2005, sorry for the late reply, I thought I was subscribed to the thread but apparently I was not. I'm not sure what you are referring to by updating, the site is an application where users can sign up for accounts and create there own virtual tours. So on our end, there's very little updating needed. I currently handle support on my own and I would say I receive maybe 1-2 requests per week that take 5 minutes each, so it's very minimal on that end.

02-17-2010, 09:20 PM	#5
mebot Warrior Member War Room Member Join Date: Feb 2010 Location: Canada Posts: 1 Thanks: 0 Thanked 0 Times in 0 Posts	Re: Real Estate Virtual Tour App – $6,500/Month Potential Hi, Can you tell me what kind of technical expertise would be required to maintain this site? What would it take to get familiar with the "nuts & bolts" of the site, the software it's based on, handling issues that may arise? You mentioned that you get a few support requests, what kind of "support" is required & how much time does it take you on average, daily or weekly? I want to complement you on the work you've done. You've kept the site simple, which really shows up the beauty of the tours, and you've obviously made it very user-friendly. Thanks.

02-17-2010, 10:41 PM	#6
Andrew O HyperActive Warrior War Room Member Join Date: Sep 2009 Posts: 110 Thanks: 1 Thanked 10 Times in 10 Posts Social Networking	Re: Real Estate Virtual Tour App – $6,500/Month Potential mebot: thank you for the compliments about the site. I did put considerable work into the site (over 1 year of basically full-time work) in addition to the work from my top of the line development team. I personally have very little technical/coding knowledge and I am able to maintain the site by myself. The site is so streamlined that it doesn't take much at all to run and manage this service. The software is totally custom and built in PHP. In addition, if you did want to make changes the original developer is on call and able to quickly make any updates or changes that you desire. The support is typically a user that hasn't read the help files or followed the directions . They're looking for answers to why their photos didn't upload properly or things of that nature, which are usually a 2 min. email reply to the user and I rarely run into anything too complex. Thanks!
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02-21-2010, 08:43 AM	#7
brik2500 Business Builder War Room Member Join Date: Dec 2009 Location: Cincinnati, Ohio Posts: 214 Thanks: 53 Thanked 11 Times in 11 Posts Social Networking Contact Info	Re: Real Estate Virtual Tour App – $6,500/Month Potential Andrew, thanks for the pm..... I have been talking to a good friend of mine who is a realtor and we have been analyzing the competition out there.... there are certain sites/services that allow realtors to have this for free....so we looked at the instances of keeping it free and then allowing people to pay for upgrades. Just to let you know where our mindset is... Any thoughts on this?

02-24-2010, 02:23 PM	#9
Marketing9 Warrior Member Join Date: Feb 2010 Posts: 2 Thanks: 0 Thanked 0 Times in 0 Posts	Re: Real Estate Virtual Tour App – $6,500/Month Potential i was wondering what would happen to the existing clientele that you already have .. or is this a few sites that you already have and you would sell one bare bones with no clientele ? How much training would be involved on your end .. or would this be the developers task? thanks

02-24-2010, 03:12 PM	#11
sharp HyperActive Warrior War Room Member Join Date: Sep 2009 Posts: 100 Thanks: 179 Thanked 34 Times in 19 Posts	Re: Real Estate Virtual Tour App – $6,500/Month Potential That is a great site, easy to monetize, though I'm not sure if I think 'ads' are a good plan... perhaps ads for the free listings, or none for the $XX per month crowd. Have you considered a JV? I know many a person who'd be very capable of running it well and taking it into black ink; most of them would rather JV with you on it though with either an optional (or forced) buy-out in the future. That protects them and you. Doing it right would be a lot more tax friendly too. Anyway, great site. If you want to talk seriously about it just PM me (for either the JV side, or just tips on the tax friendly bit). sharp

03-21-2010, 03:55 PM	#12
dotmedia Warrior Member Join Date: Mar 2010 Posts: 6 Thanks: 0 Thanked 0 Times in 0 Posts	Re: Real Estate Virtual Tour App – $6,500/Month Potential i see your asking price. that's steep for a concept. Getting property managers and realtors to do these kinds of things is like pulling teeth from a great white in the middle of a feeding frenzy, especially when it cost $$ and no one else is using the system. with print media it was easy to say that you distribute 10k copies of your real estate paper around a metro area, and sell the ad space based on that. With the internet it's much harder to drive that traffic, sell the product to the b2b, and make sure the driven traffic is geotargeted enough that the conversions are with the effort on the part of the realtor while making sure the content is robust enough to keep traffic sticky and coming back for more. my suggestion would be to work hard and get a few local realtors to use the site and advertise it for you, then start charging for upgrades. The problem with the internet is that if you dont do it for free someone else will. The good news is that it's so hard to get new real estate b2b clients that once you get them in your system (as long as it works) they are less likely to be persuaded by other suitors. if none of that works get a hold of me. I might be able to help you work out a JV good luck.