Our Referral Scheme

 Referral Agent : A Referral Agent is a real estate agent whose services are limited to referring clients for the purposes of commencing a real estate transaction. They do not actively engage in the sale or purchase of the property.

 Realty Partner  (RP): Any General people (Retired, Part-time, Housewife, Students etc.),Real Estate professional who can  provide Leads i.e. Buyer, Seller, Rental Property details can become our Realty Partner.

REALTY LEADER (RL): Who can handle and close the deals provided by REALTY PARTNER  and follow  the commitment  towards RP and the Company Mera Wazood .

How MW Real Estate Referral Program Works?
•    Refer friends, family, colleagues, or acquaintances searching for Buy/Sale/Rental  residential/Commercial Properties and earn  for each                     successful referral.
•    Share an unique referral code with your contacts to invite them to join and earn .
•    Terms and conditions apply regarding referral status and reward eligibility.
•    Sign up/login to access your monthly report on qualified referrals and earned amount.
•    Invite your friends by providing their details and encouraging them to stay with MW to earn .

I. Goals and Objectives

• Increase Leads: The primary goal is to generate more qualified leads for your real estate agents.
• Boost Brand Awareness: Referrals can expand your reach and build trust through word-of-mouth.
• Improve Conversion Rates: Referred leads are often warmer and more likely to convert into clients.
• Reduce Marketing Costs: Referrals are a cost-effective way to acquire new business compared to paid advertising.
• Reward Loyalty: Show appreciation to existing clients, partners, and employees who recommend your services.

II. Key Elements of the Referral Scheme

• Potential Customer:
  • Past Clients: Satisfied clients are your best advocates.
  • Current Clients: Encourage referrals even during an active transaction.
  • Real Estate Agents (Internal): Incentivize agents to refer leads to each other or to the brokerage if they can't handle them. Or reward for referring new agents to the brokerage.
  • Partners: Mortgage brokers, contractors, interior designers, moving companies, etc. These can be valuable referral sources.
  • Employees (Non-Agent): Office staff, administrative personnel.
  • General Public: Anyone who can refer a qualified lead.
  •  
• Referral Definition: What constitutes a valid referral?
  • Lead Qualification: Must the lead be actively looking to buy/sell/rent? Must they meet certain financial criteria?
  • Exclusivity: Is the referral only valid if the lead hasn't already been contacted by your company?
  • Time Limit: Is there a time limit on how long the referral is valid?

• Referral Submission Form: A user-friendly form to collect the necessary information:
  • Referrer's Name, Email, Phone Number
  • Referred Lead's Name, Email, Phone Number
  • Any relevant details about the lead (e.g., what they're looking to buy/sell, timeframe)
  • Consent for contact (especially important)
• User Accounts: Allow users to create accounts to track their referrals and Earning.

Referral business opportunity :

In the real estate business in India, referral-based opportunities can be quite lucrative, especially since real estate is a high-ticket industry. Referrals usually involve individuals or businesses helping others find properties and earning a commission or fee in return. Here are several potential referral business opportunities you can explore in the real estate market in India:

1. Property Referral Services

• What It Is: You refer potential buyers, sellers, or renters to real estate agents, brokers, or property developers. For every successful deal that occurs, you earn a commission.
• How It Works: You can create a network of potential clients who are looking for properties. Once they are connected with real estate professionals, you get paid a percentage of the commission the agent receives from the transaction.
• Opportunities:
  • Residential properties (apartments, houses, etc.)
  • Commercial properties (offices, retail spaces)
  • Rent or lease agreements

2. Property Investment Referrals

• What It Is: In this scenario, you help connect investors with profitable real estate opportunities. Investors are always looking for great returns on their money, and real estate is a major avenue in India for this.
• How It Works: You can act as an intermediary between investors and developers offering lucrative projects like luxury flats, commercial spaces, or plots in prime locations. You get paid based on the amount the investor puts into the project.
• Opportunities:
  • Residential or commercial projects in developing areas
  • High-growth region developments like Tier-2 or Tier-3 cities
  • Rental yield investments (buy-to-let properties)

3. Referral Partnerships with Real Estate Agencies

• What It Is: Many real estate agencies offer formal referral programs where individuals or businesses can refer clients to them in exchange for a commission if the referral leads to a successful transaction.
• How It Works: You don’t need to be a full-time agent to benefit from these programs. Real estate agencies often have formal partnerships for referrals, especially in cities with high property demand.
• Opportunities:
  • You can build a network of clients and introduce them to real estate agencies that match their needs.
  • Most agencies offer structured incentives for successful leads.

4. Real Estate Marketing Referrals

• What It Is: Real estate professionals often look for help in promoting properties to a broader audience. If you have a strong network, social media following, or digital marketing skills, you can partner with real estate firms to market properties.
• How It Works: You’ll use digital channels, like social media, email campaigns, or blogs, to share listings of properties. When someone expresses interest and proceeds with a transaction, you earn a referral fee or a flat commission.
• Opportunities:
  • Social media marketing (Instagram, Facebook, LinkedIn)
  • Content creation (writing blogs or reviews on properties)
  • Video marketing (virtual tours, property showcases)

5. Real Estate Events and Exhibitions

• What It Is: Organizing or promoting property exhibitions or events where buyers, sellers, and real estate agents can connect. This business opportunity can be very effective in urban areas where real estate activity is booming.
• How It Works: You may charge a fee for attendance, earn commissions on successful leads, or take a referral percentage of deals closed after the event.
• Opportunities:
  • Organizing homebuyer and investor events
  • Showcasing specific projects or developments

6. Referral for Rental Services

• What It Is: Many people look for rental properties, whether residential or commercial. You can act as a referral agent, connecting property owners with potential renters or vice versa.
• How It Works: When a rental deal is finalized, you earn a commission. This is particularly lucrative in major metropolitan cities like Mumbai, Delhi, Bangalore, or Pune.
• Opportunities:
  • Residential rental properties (apartments, houses)
  • Commercial rental properties (office spaces, retail locations)

7. Tie-ups with Legal Advisors

• What It Is: Real estate transactions require legal expertise. Partnering with property lawyers or legal advisors who specialize in real estate can be another referral avenue.
• How It Works: You can refer clients needing legal services related to property deals—such as contract writing, registration, or title verification—and receive a referral fee when the service is used.
• Opportunities:
  • Title clearance services
  • Registration of property documents
  • Property dispute resolutions

How to Get Started:

• Build Relationships: Start by networking with real estate professionals, property developers, and legal experts. Establish a solid rapport, as real estate is largely driven by trust.
• Online Presence: Build an online presence through social media platforms or a website to connect with people looking for real estate solutions. Digital platforms are a great way to gain visibility.
• Focus on Specific Markets: Consider specializing in specific property types (residential, commercial, luxury) or regions to develop a niche market.
• Referrals from Family & Friends: Real estate transactions are often driven by word of mouth, so leverage your personal connections to generate leads.

Key Benefits:

• No Initial Investment: As a referral partner, you typically don't need to invest money upfront.
• Flexible Work Hours: Many referral opportunities in real estate are commission-based, and you can work according to your schedule.
• Scalability: With a strong network, you can scale your referral business quickly, especially as real estate transactions are often high-value.