StartupTalky

Tag: Arpit Jain

  • The Role of Technology in Real Estate Marketing

    This article has been contributed by Arpit Jain, Director, Arkade Developers.

    Earlier to marketing real estate the most common methods included using newspapers, magazines, word of mouth and in-person visits however, the scenario has tremendously changed over the past few years. Nowadays, technology is a key factor that defines how real estate professionals can reach out to more people, making process more efficient, and provide more interesting experiences to potential customers. This is not only changing the ways in which basic real estate properties are advertised and promoted, but also changing the way clients purchase properties to be convenient, simple, and sophisticated. This article focuses on how the technological advancements have impacted the marketing of real estate and the tools that makes that possible.

    The Importance of Real Estate Marketing

    Increased Visibility

    Marketing takes a property to a much further range where more people perceive it rather than when it stays in the developer’s garage. Therefore, through these demonstrations, a property developer can attract a class of buyer who otherwise, would not have come into contact with the property. Marketing is critical in distinguishing a property out of the numerous offerings in the market hence a greater clientele base.

    Lead Generation

    Marketing assists in pulling through potential consumers who are searching for homes they want to buy. The right audience being in touch with ads displayed on the internet, and social networking sites along with the optimized websites, agents are sure to get leads which are interested in buying or investing in property.

    Faster Transactions

    Marketing communication not only identifies the right target market, but it also shortens the turnaround time in buyers decision-making process. Since buyers are able to get information about the property through the virtual tours, clear description and easy access to lists, agents are able to sell properties faster thus being able to sell the listed properties faster as well. Through virtual tours and swift availability of property information, the pace of a sale can be fast, thereby reducing time.

    Improved Reliability

    A good and impressive marketing tricks & professional branding contributes towards trust. Consumers are more inclined to contact or visit a real estate agent or a listing which looks professional and trustworthy and thus generating more qualified leads and faster sales.

    Structure Patron Relations

    Marketing is not just about sales, it is all about the relationships. The technological advances such as e-mail marketing, Customer Relation Management and the social networks allow the agents to keep in touch with the former clients with the aim of doing business with them in future. This is very vital in ensuring the agents achieve long-term success within the market.

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    Technological Tools Transforming Real Estate Marketing

    Objectives of using technology in real estate marketing extend beyond that of a broader audience outreach. Different tools and platforms that have made it easier for agents dealing in real estate to market properties and close deals. The key technologies include –

    Virtual Tours & 3D Walkthroughs

    Virtual tours enable the space to be accessed remotely, which is physically convenient to browse through homes, whereas 3D walkthroughs are realistic and enable quick decisions to be made on potential homes without physically stepping into many homes.

    Artificial Intelligence (AI) and Chatbots

    With capabilities of offering immediate answers to the potential buyers, the use of artificial intelligence in powers of systems like chatbots has become more and more popular. These tools answer questions round the clock, thus reducing the time that prospects have to wait to seek answers, useful to agents in keeping engaged with prospective customers.

    E-Signatures & Digital Contracts

    There has been an improvement in paper work where e-signature platform such as DocuSign has been implemented. All these technologies enable parties to sign contracts from the comfort of their homes and therefore closings can be done remotely.

    Targeted Marketing & Personalization

    Big data and AI help the real estate market to provide specific offers and adapting to clients’ choices and needs. This saves a lot of time since the buyers are provided with homes that meet all their requirements in terms of preferences.

    Online Mortgage Pre-Approval

    Most real estate sites today have a mortgage pre-approval form where buyers can fill in and obtain approval for their loans online. These non-financial benefits increase the immediate potential for financing information access and boost offers to proceed faster, thereby facilitating faster transactions.

    Benefits of Technology in Real Estate Marketing

    Wider Reach

    The use of technology helps real estate agents to market properties online, major social networks, and online virtual property tours. This reduces geographical constraints, sellers can easily reach potential buyers in other cities or even other countries thereby increasing their client base.

    Increased Engagement

    Virtual staging, open house, property video tours, 3D models, and constant social media posts increase the desirability of the properties. The interactions with the properties can be higher and buyers are able to study the properties in detail with no regard for their location.

    Cost-Efficiency

    Strategies such as Customer Relationship Management systems, mass email blasts, and online adverts also eliminate costly conventional marketing techniques. These tools assist agents with activity generation and lead management to reduce cost, time, and optimize marketing spending. 

    Faster Decision Making

    Technological support of data analysis and AI helps the agents to draw faster conclusions on the pricing and promotion of the properties. Up-to-date information on market changes or buyer behaviour allows companies modify their strategies and sell or buy products at a faster pace to the benefit of all.

    AI and Automation 

    It is predicted that artificial intelligence and automation will become more adopted in marketing real estate by providing tools for prediction, personalization and efficiency. These technologies will assist agents in decision-making by enabling them to work through that process more quickly and efficiently than before.

    Increased Use of Virtual and Augmented Reality

    The use of VR and AR will only advance further, providing even more realistic property viewing and a real opportunity for buyers to imagine the spaces before they are constructed. This will make property tranquil and lively to interested buyers who do not have time to visit the property directly.

    Big Data and Predictive Analytics

    The ability to monitor the activity of consumers and what markets are likely to trend in the future will keep marketing more specific and efficient. Real estate professionals shall be in a position to deliver bespoke services depending on the buyers needs.

    Technology has greatly changed the way real estate is marketed & offered presenting more efficient methods, tools and means of reaching the target customer. There is no doubt that there are challenges like high cost and data privacy issues they are all over powered by the advantages. Understanding of the latest tools and knowing what trends are likely to prevail, allows real estate specialists to become more competitive and offer better experiences to clients. As the industry advances, technology will continue to play a leading role in changing the way the properties are marketed and presented. 

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  • Technology Plays a Crucial Role in the Growth and Monetization of Apps Says Arpit Jain, Founder of GreedyGame

    In 2020, the Indian advertising industry was valued at INR 670 billion. It is expected to grow at a CAGR of 11% between 2023 and 2028 reaching approximately INR 1253.2 billion according to the data shared by Expertmarketresearch.

    Statista data shows the digital advertising industry in India reached approximately INR 200 billion in the year 2021.  It is expected to reach INR 360 billion by 2023.  The reason for this exponential growth is attributable to the deep penetration of social media and gaming platforms.  These platforms have provided businesses and brands an invaluable marketing opportunity to reach their target audience.

    Startup Talky: Take us through the GreedyGame journey and how it started?

    Arpit Jain: We founded GreedyGame in 2013 with a vision to have a content-driven approach to mobile advertising.  At the time, mobile ads were considered intrusive and disruptive to user experience resulting in low conversions for advertisers. The GreedyGame platform was one of the early pioneers of native advertising for gaming apps that helped publishers with advanced native formats years before AdMob or FAN.

    Over the years, we have evolved to be a one-stop platform for publishers to acquire users, maximize revenue, and also get actionable insights to improve their business growth trajectory. In the past decade, we have set industry standards to better engage the audience by making ads attractive and profitable. Today we are a Google Channel Partner, working with more than 1500 publishers and 500+ advertisers.

    We have grown as a team. In the last three years, we have achieved a multi-fold growth with a brilliant team and cutting-edge technology.

    Currently, we are also supporting young app developers and startups with best practices, insights, and marketing funds to grow their apps on our platform, called ‘Appicorns’. Overall, the whole journey has been a remarkable learning experience, with immense growth along the way.

    GreedyGame celebrates its tenth anniversary this year. It’s been a winding road full of challenges, obstacles, successes and failures. The last three years have, especially, been significant to our growth.

    Startup Talky: What are the services offered by GreedyGame? Please also mention core services or verticals.

    Arpit Jain: Our product repertoire is extensive helping apps and websites increase their user bases and earn revenue.

    GreedyGame AdX: We help monetize apps efficiently with AdX. It is an ideal alternative to AdMob or AdSense for implementing better ad monetization strategies and data analysis. It helps publishers connect with premium demand partners and direct advertisers to improve fill rates and eCPMs (effective cost per thousand impressions).

    GROW: With Grow, you can kickstart your app’s growth with self-service user acquisition. You can overcome the challenges of building ads from scratch, and create productive ad campaigns and reach out to millions of users who are looking for an app like yours. The best part is, you get targeted installs and can acquire non-incentivized users at a nominal cost.

    SDK X: You can switch to advanced AdMob integration with SDK X. It allows publishers to supercharge their ad revenue with a refined way of integrating AdMob and multiple demand sources with apps. It is a revolutionary ad-serving technology, allowing publishers to integrate AdMob and premium ad networks to optimize their ad revenue and get higher fill rates and eCPM.

    Insights: Insights provide a 360-degree overview of your app growth and revenue. It offers a comprehensive dashboard that declutters various contextual metrics for you to identify the right type of data and quickly identify the user behavior to find your ROAS (return on ad spend).

    As far as our core services are concerned, we offer an all-in-one product that aids in overall app/website growth, monetization, and user acquisition across all domains.

    Startup Talky: How do you see the landscape of mobile app monetization in the coming years, especially in India?

    Arpit Jain: The mobile app monetization landscape in India is expected to continue growing in the coming years. The increasing penetration of smartphones and internet access in the country will likely lead to more people downloading and using mobile apps, which will in turn create more opportunities for app developers to monetize their products. Some of the most popular monetization methods currently used in India include in-app advertising, in-app purchases, freemium models, subscription-based models, and affiliate marketing. Additionally, with the rise of digital payments and e-commerce in India, we can also expect to see more apps integrate these revenue models to generate revenue.

    In addition, 5G technology has the potential to greatly impact the mobile app monetization landscape in India. With faster speeds and lower latency, 5G will allow for more immersive and interactive experiences within mobile apps, which could lead to increased engagement and revenue for app developers. Moreover, 5G’s ability to support a larger number of connected devices will enable new monetization opportunities, such as IoT-based apps and services. 5G will also enable new technologies like edge computing and cloud gaming, which could also boost monetization potential for mobile app developers.

    This is not all; 5G will also allow for more efficient delivery of video and other high-bandwidth content, which could lead to an increase in video-based advertising and other monetization methods that rely on rich media. This would enable app developers to access a wider range of monetization options, allowing them to create more personalized and profitable apps.

    Startup Talky: Do you think mobile app monetization platforms are thriving in India? If yes, then what factors have contributed to this success?

    Arpit Jain: Yes, mobile app monetization platforms are thriving in India. The factors that have contributed to this success include:

    1. Increase in smartphone penetration: With the rise of affordable smartphones, more Indians are accessing the internet through their mobile devices. This has led to an increase in the number of app downloads and usage, providing a large audience for app monetization platforms to target.
    2. Growth of e-commerce: The growth of e-commerce in India has led to an increase in the number of apps being developed for online shopping, food delivery, and other services. This has created a demand for monetization platforms that can help app developers generate revenue through in-app purchases, subscriptions, and ads.
    3. Increase in ad spends: As more companies shift their advertising budgets to digital platforms, there has been a significant increase in ad spending on mobile apps. This has created a large market for mobile app monetization platforms that can help app developers monetize their apps through advertising.
    4. The rising popularity of mobile gaming: The popularity of mobile gaming in India has also contributed to the success of mobile app monetization platforms. Many app developers are now developing games that are free to download but require in-app purchases to unlock certain features or advance to higher levels.
    5. Government initiatives: The Indian government has also played a role in the success of mobile app monetization platforms by promoting the development of the digital economy and encouraging the growth of the startup ecosystem. This has led to an increase in the number of app developers and startups in the country, creating a larger market for monetization platforms.

    Startup Talky: What is your USP as a mobile app monetization platform?

    Arpit Jain: GreedyGame offers end-to-end business growth solutions via a single platform. App developers can start acquiring users and scale up in multiple ways, including influencers, affiliates, and DSPs. They can set up their ad monetization and receive data-backed insights on a continuous basis to help them grow their business.

    The top 1% of app publishers get 80% of all downloads; we help the other 99%. We are looking to democratize the app ecosystem with the world’s first AI-enabled ad unit recommendation and creation engine for implementing ads of all formats. We have established industry standards with this platform to increase audience engagement by making advertisements entertaining and lucrative.

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    Startup Talky: What are some of the biggest challenges that the company has faced so far?

    Arpit Jain: As an app monetization company, we have faced a number of challenges, including:

    Ad fraud: Ad fraud, where fraudulent actors impersonate legitimate advertisers, has become a significant issue in the app monetization space. This can lead to revenue loss for app monetization companies.

    Privacy concerns: With increasing concerns about data privacy, app monetization companies have had to adapt their practices to comply with new regulations such as GDPR and CCPA.

    Changes in app store policies: Changes in app store policies, such as Apple’s recent changes to its App Store guidelines, can impact the way app monetization companies are able to monetize their apps.

    Startup Talky: What is the role that technology plays in the growth and monetization of apps?

    Arpit Jain: Technology plays a crucial role in the growth and monetization of apps. It allows for the creation and development of apps, as well as their distribution and promotion through various channels such as app stores and social media. Additionally, technology enables the use of various monetization strategies, such as in-app purchases, advertising, and subscriptions. It also allows for data collection and analysis, which can be used to improve user experience and target monetization efforts more effectively.

    Besides, the usage of AI/ML (Artificial Intelligence/Machine Learning) in apps can greatly enhance their functionality and user experience. For example, AI-powered chatbots can provide personalized customer service and support, while ML algorithms can be used to analyze user data and improve app recommendations and personalized content. AI/ML can also be used to optimize in-app advertising and improve the efficiency of app monetization. Additionally, AI/ML can be used to improve app security by detecting and preventing fraudulent activities. Overall, incorporating AI/ML into apps can significantly improve their value, which can result in higher growth and monetization.

    Startup Talky: How are you going to add more value to your services this year (2023)?

    Arpit Jain: Until 2022, all our products had separate dashboards, but this year we have come up with a unified dashboard called PubScale. Thanks to this integrated dashboard, publishers now have access to analytics, growth, optimization, and monetization, all in one convenient location. Our goal with PubScale is to give developers solid data and total transparency for their advertising campaigns. This platform helps publishers run a profitable and goal-oriented business by providing features for ad monetization, user acquisition, ad revenue optimization, and app performance analytics. Thereby, it eliminates app developers’ extra costs and the hassle of using separate platforms for unique campaign objectives.

    In addition, our stakeholders will see heavy usage of AI/ML from GreedyGame, meaning, more recommendations, insights, and data from competitors, to help app developers grow.

    Startup Talky: Please tell us a little bit about your company’s expansion plans in the coming years and how you see your growth in the next 5 years?

    Arpit Jain: Geographically, we are in Bangalore and Delhi in India, and in Delaware, US. We have already started having sales consultants in different countries. In the next five years, we see ourselves expanding into new markets and establishing our footprints across the globe.

    We are also looking to create deeper-level partnerships with mid-sized app developers whose apps have the potential to grow and the capability to go big. We will collaborate with them and help them scale through all the knowledge and resources at our disposal.

    We thank Arpit Jain for spending his valuable time and sharing his learnings with all of us.