OpenHouseOn.com LLC Recognized As A Top Startup By LAStartupMagazine.com
LAStartupMagazine.com has recognized OpenHouseOn.com as one of Los Angeles' top startup companies.
John Dempsey, Founder and CEO of OpenHouseOn.com, said, "We are very pleased to be acknowledged as a top startup company, one of currently 21 Los Angeles startups being recognized by the LAStartupMagazine.com. Others interested in starting their own company would benefit reading the responses provided by all startups recognized by LAStartupMagazine.com."
To read our responses online, please visit:
For the benefit of this press release, we have included our responses below.
1. How did you get started in entrepreneurship?
While a graduate student at UCLA, I made a presentation on my thesis at an Entrepreneurship Workshop on campus. Investors offered a paltry $20K for 51% of the business. I said no.
2. What was the most difficult part in getting the business started?
I would say the most difficult part is marketing your business so you can become known and relevant in your industry on a small budget.
I am confident there is no stopping video from becoming the primary media to sell real estate in the future. But agents are attracted to websites with lots of visitors, but to get more visitors we need agents to make more video tours. It’s like which came first, the chicken or the egg?
Today, the top 15 real estate websites in the U.S. do not support or emphasize video tours on their websites. Yet, we demonstrated video tours, our Interactive Open House Video Tours, and virtual reality tours using Google Cardboard at LA TechDay. We are waiting for the industry to catch up to us.
3. What was the most crucial thing you have done to grow your business?
The most crucial thing is to listen carefully to our user’s comments for new ideas and improvements, advertise mainly on social media sites, and set up booths at events, like the last two California REALTOR® Expos and LA TechDay. By far, the best comment I received at LA TechDay was simply that some attendees had heard about OpenHouseOn.com before. Yes, finally!
4. How do you generate new ideas for your business?
I ask what do I want to see from a real estate website? I built OpenHouseOn.com to meet my needs. It’s not based on copying what others do, but what can be done.
The largest purchase most people make in their lifetime is buying their home. Do you want to see five random photos an agent took or a five minute, full screen, narrated video tour consisting of 9,000 high def photos for multiple properties you are considering?
For new ideas, I also look at what is the next logical step? For us, users can search for properties anywhere in the United States, view an individual property close up on a map, and then see a street view. What’s the next step? Buyers will want to walk through the front door and view a video tour.
5. Excluding yours, what business or company do you admire?
I admire Exeo Entertainment, Inc. . They’re lean and mean. They recently started selling Krankz™ On-Ear Bluetooth Headphones and Pskyo 5.1™ Gaming Headphones. They have a Krankz Maxx™ Over-Ear Bluetooth Headphone and the world’s first multi-vendor Zaaz™ Smart TV Keyboard ready to be manufactured. They continue looking for new products too. It’s amazing how much they’ve done with the relatively small amount of funding raised.
6. What advice would you give an entrepreneur who is just starting out?
If something works well, release it. I’ve seen programmers develop code for years, but never get it in the user’s hands. It’s better to get something small implemented and released, than try to get everything to work perfectly.
If you have personal assets, consider becoming an LLC. For $800/year, it’s a great insurance policy.
About OpenHouseOn.com LLC
OpenHouseOn.com LLC supports three video-based real estate websites:
As a free service, agents can make a property video using their smart phone or tablet, upload their video, associate meta data with the video, and provide buyers a way to search and view video tours on our website or MLS.
Our Interactive Open House Video Tours, which last month received Allowance for U.S. Patent, allows buyers to decide what to view next on a video or virtual reality video tour. In our second patent-pending application, buyers view search results as a multimedia show, instead of property lists or icons on a map.
OpenHouseOn.com supports searching for properties across the United States and uses maps, street views, videos, virtual reality, Agent Blasts, Instant Agent, Multimedia Shows, and Since Your Last Visit features to generate agents More leads. More sales. More commissions.®