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OTM is ‘limping along’ and agents hate Rightmove, claims leading columnist

first_imgA leading newspaper columnist has given a withering appraisal of the UK’s property portals including OnTheMarket, describing the No.3 portal as ‘limping along’ and its share price ‘drifting lower’ since it debuted on the stockmarket.The comments by Patrick Hosking (pictured), who is one of the most senior financial journalists working at The Times newspaper, are made within a ‘no-holds barred’ column published yesterday.It shines a highly critical light on OnTheMarket but is no less kind to Rightmove and the soon-to-launch new kid on the block, Boomin.As well as suggesting that OTM has failed to deliver on its early promise after being launched on the back of frustration among estate agents with Rightmove, Hosking also lays into Rightmove.Airing industry dirty washing that many consumers are most likely unaware of he details how, despite the millions of people who search for home to buy and rent on its website every month, “its actual paying customers detest it — or at least are very frustrated with it,” he says.“Estate agents are resentful of the sometimes thousands of pounds per month per branch they are charged for advertising homes on the site.”“The agents, as they see it, do all the work in wooing the vendor, valuing the home, taking photos, writing up the particulars, arranging viewings and conducting negotiations.“Rightmove offers a perfectly good service, but takes a large chunk of money for adding very little — and keeps raising its prices.”Hosking also gives his readers a lukewarm appraisal of Boomin. As well as claiming that Michael Bruce has put £10 million of his money into the challenger portal, he says it faces a daunting task.“Bruce is an energetic innovator and disruptor. With Purplebricks, he moved the dial for a while, but it ultimately didn’t transform the business of house-selling,” says Hosking.“With Boomin, he will need even more luck to even discomfort, let alone dislodge, the industry elephant.”OTM CEO Jason Tebb responds:“OnTheMarket isn’t ‘limping’; indeed, we had a robust and strong start to the year with more than 1.8 million leads generated in January, which is an average of 146 per advertiser.“Visits to the site in the month were 28 million and weekly site visits exceeded 6 million every week since the start of February 2021. In addition, we have a strong balance sheet despite the headwinds of the COVID19 pandemic. These figures demonstrate that we are a portal which has been built on strong foundations.But there is much more we can do.“I’ll soon be unveiling our forward-looking strategy in the next few weeks and I’m really excited about sharing those details with our community of agents.  In the meantime, my personal engagement with our customers will pick up pace as I continue to listen, understand and learn about what they need and want from a portal and what they feel would add value to their businesses. Their support so far has been overwhelming.“There’s one thing every property portal has to remember; we’re here to serve agents and safeguard their best interest and as the only portal which is majority agent-owned, we are best placed to do just that. But equally as important is providing the consumer with a reason to visit the site time and time again.“We are already building momentum, with new agents choosing to list with OnTheMarket for the first time, as well as expanding our product and service offering to existing customers to make it easier, quicker and more cost effective for agents to sell and let their listings.”Read the Times column in full (requires subscription). March 3, 2021Nigel Lewis5 commentsMike Cleary, Sheldon Bosley Knight/ wearethemarket Sheldon Bosley Knight/ wearethemarket 4th March 2021 at 12:24 pmAgents should get together in a geographical patch, ensuring they represent c70%+ of local quality stock, build a portal, launch it with the support of all their staff and with a lead agent appointed to make it happen, enlist their communities and then leave all other portals when it is the obvious best place to go. Oh.. they should call it wearethemarket.co.uk. It’s hardwork but not impossible…Log in to ReplyAndrew Stanton, CEO Proptech-PR Real Estate Influencer & Journalist CEO Proptech-PR Real Estate Influencer & Journalist 3rd March 2021 at 11:20 amThe habits of how consumers buy has changed, Rightmove is only a one dimensial digital billboard, it will be eclipsed by a more Amazon e-commerce type of property platform. The only question is when? The consumer arrives at Rightmove likes something then comes off the site and eals with the agent, not much UX going on there. The big winner will be the consumer arrives at the property ‘platform’ sees something of interest – stays on the platform – interacts with agent/property on the platform, spends cash or has intention to, and all of the following journey is locked inside that platform. It does not diminish the agent, it is just one community where the client customer and the agent and all other stakeholders sit – ready to do business 24/7.Log in to ReplyMartin Williams (martinwilliams.me), Martin Williams :Drone Video-Photography Martin Williams :Drone Video-Photography 3rd March 2021 at 11:19 amThe irony is agents have all the power (the stock) Joe Viewer does not care who the agent is or which portal they are advertised on … they simply follow the properties … If agents stopped their feed to RM and instead promoted locally / pointed customers to an alternative site … customers would soon follow and RM would soon want to talk about fees and service.Someone needs to buy estate agents an orchidometer !!!Log in to ReplyEileen Christie, Allspice Allspice 3rd March 2021 at 10:25 amThis reminds me very much of the position booking.com hold in the travel and hospitality arena, though in their case it is global. The paying guest traveller has no idea what it is like to be Booking’s paying customer, their commission levels and how they control their market purely as a broker. And in all honesty, why should a guest or traveller be interested?If househunters default to Rightmove and Zoopla, then what is to be done?Log in to ReplyMichael Leyton, littlewoods estate agents littlewoods estate agents 3rd March 2021 at 9:13 amLet’s face it, as much as all agency principals dislike Rightmove for their price hiking and arrogant attitude towards their paying clients, they are clearly not going anywhere. I would love to see some proper competition …one that forces the greedy hand of Rightmove to cease snatching,as every month feels like no value for money, but the public can’t get enough it seems. They have placed themselves in the enviable position with the consumer of leading the on-line portal market and we can do zero but pay..how defeatist is that ?…I know. We all know the real truth, that it is a pompous over-priced robber with a street-fighting, take it or leave it attitude. I wish “Boomin” all the luck in the world but honestly ? why does Michael Bruce want another white elephant on his hands and what on Earth makes him think he can overturn or even challenge Rightmove ?Log in to ReplyWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Marketing » OTM is ‘limping along’ and agents hate Rightmove, claims leading columnist previous nextMarketingOTM is ‘limping along’ and agents hate Rightmove, claims leading columnistTimes financial editor Patrick Hosking gives his ‘no-holds barred’ views on the UK property portal market.Nigel Lewis3rd March 20215 Comments2,941 Viewslast_img read more

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The Dean Ween Group Announces 2018 Fall Tour

first_imgThe Dean Ween Group’s latest album, rock2, was released in March, with the band touring in the spring across March and April. While March saw the band promoting the new album with a string of dates across the East Coast and the Mid-Atlantic, in April, the group joined forces with their friends from Primus, capping off their spring tour dates with a number of performances across Australia.Now, the band has plans for September, with eight new shows added to the list. Kicking off on September 13th at Eugene, Oregon’s HiFi Music Hall, the band will continue to the Crystal Bay Club in Crystal Bay, Nevada on September 15th. The remaining shows will see The Dean Ween Group tour across California, with dates in Mill Valley, Oakland, Santa Cruz, Solana Beach, and Pomona, ahead of the band’s tour closer in Los Angeles on September 22nd. These performances come at the start of the band’s brief upcoming summer tour with Mike Dillon Band, which spans from July 6th to July 12th.Tickets for The Dean Ween Group’s newly announced September tour go on sale on Friday, June 29th, at 10 a.m. (PT). Recently, The Dean Ween Group has announced a number of shows in September. The group—which is headed by Mickey Melchiondo Jr., best known as Dean Ween in the fan-favorite rock act Ween—will tour across the West Coast in the fall in promotion of the band’s newly released album, rock2.last_img read more

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Lawyer ad viloations on the rise

first_imgLawyer ad viloations on the rise March 1, 2004 Regular News Lawyer ad violations on the rise The Bar’s Statewide Grievance Committee, which handles grievance complaints stemming from the Bar’s advertising rules, is taking on a rising number of cases. Board of Governors member Gary Leppla told the board recently that the committee has become very active. In its first year, only three grievance sanctions were imposed. In the most recent year, that rose to 17, Leppla said, and the committee currently has 157 cases under investigation. About 25 cases are at the probable cause stage. And about one-third of all the cases are from the Miami area, he said. Board member Mike Glazer, who acts as the designated reviewer for the statewide committee, said most of the cases are resolved without the filing of formal charges. But he noted he also insists on a condition when reaching a settlement that “the lawyer agrees in the future that the ads will be submitted for review prior to publication.” He said a frustrating part of the enforcement process is by the time the Bar acts on an ad, especially an electronic one, it often is no longer being broadcast or displayed. Because of prior restraint concerns, Bar rules require than an ad be submitted for review no later than concurrently with its first publication or broadcast. Glazer noted that a special advertising task force being set up by President-elect Kelly Overstreet Johnson will have among its tasks exploring whether the Bar can require a submission ahead of that initial broadcast or publication.last_img read more

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