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You MUST Watch This Before Tackling Problems | Pinhome Dara & Ahmed #eo #Indonesia #property
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09/26/23
Takeaways
DD
Dayu Dara Permata
09/26/23
@ EO
Many people attempt to solve problems that either don't exist or are not the root cause of the symptoms they experience, often due to insufficient problem definition.
DD
Dayu Dara Permata
09/26/23
@ EO
Defining a smart problem statement is the first step in problem-solving; it should be specific, measurable, achievable, result-oriented, and time-bound.
DD
Dayu Dara Permata
09/26/23
@ EO
Structuring your solutions is crucial; breaking down large solution sets makes them more manageable and easier to tackle.
DD
Dayu Dara Permata
09/26/23
@ EO
Creating action plans that specify what needs to be done, by whom, and by when is key to effectively solving problems.
DD
Dayu Dara Permata
09/26/23
@ EO
I started my home buying journey at 22 by purchasing a piece of land for $7,000, highlighting the affordability of land in Indonesia.
DD
Dayu Dara Permata
09/26/23
@ EO
Indonesia has a vast land bank and ongoing property development, presenting numerous opportunities for first-time home seekers. I love the property sector because I know it inside and out as an avid customer.
DD
Dayu Dara Permata
09/26/23
@ EO
My passion for property stems from experiencing significant pain points in the home buying process.
DD
Dayu Dara Permata
09/26/23
@ EO
Ten years ago, I faced challenges like fake listings and unresponsive agents when buying my first property.
DD
Dayu Dara Permata
09/26/23
@ EO
A major concern for home buyers is the lack of transparency in pricing, often encountering unreasonable asking prices and hidden costs.
DD
Dayu Dara Permata
09/26/23
@ EO
Home seekers are often surprised by high transaction costs, which include agent fees and various other charges that they may not realize are negotiable.
DD
Dayu Dara Permata
09/26/23
@ EO
Once we decided to focus on the property sector, we began validating our hypotheses based on our field experiences.
DD
Dayu Dara Permata
09/26/23
@ EO
When faced with multiple potential solutions, breaking them down makes the challenges more manageable, but prioritization is essential due to limited resources.
DD
Dayu Dara Permata
09/26/23
@ EO
We must aggressively prioritize our efforts, focusing on what is important and ruling out irrelevant tasks.
DD
Dayu Dara Permata
09/26/23
@ EO
To ensure rapid growth, we rigorously assess opportunities and engage with all stakeholders in the property industry, including agents and home seekers.
DD
Dayu Dara Permata
09/26/23
@ EO
Understanding the different personas and archetypes in the property sector, such as various types of agents, is crucial for our strategy.
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EO Cast
09/26/23
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Each archetype of property seekers has different pain points, so it's essential to segment them accordingly when building a solution.
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EO Cast
09/26/23
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The vision of Pinhome is to unlock home ownership for better livelihood and financial inclusion by digitizing home information, financing, and services.
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EO Cast
09/26/23
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Pinhome has built the largest property database in Indonesia, with close to a million listings, to serve property seekers and owners effectively.
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EO Cast
09/26/23
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We aim to be a one-stop financing platform for property seekers and owners, aggregating all necessary information in one place.
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EO Cast
09/26/23
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Since launching in January 2020, Pinhome has expanded to over 300 cities, covering about 75% of Indonesia, and has served many first-time home buyers.
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EO Cast
09/26/23
@ EO
Understanding the main concerns of each stakeholder in the property market is crucial for providing them with what they truly need, such as leads for agents and actual property viewings for owners.
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EO Cast
09/26/23
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For property owners and developers, the primary concern is actual property viewings; they prioritize visits over mere inquiries or chats about their properties.
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EO Cast
09/26/23
@ EO
To retain stakeholders on the platform, it's vital to focus on the most important metrics for them, such as generating leads and ensuring property viewings.