Akshary Ruparelia is a 19 year old millionaire estate agent who owns the largest estate agency in the UK. His company is called Doorsteps.co.uk. Akshary revolutionized the “archaic and backwards” UK housing market by becoming an online estate agent and offering a 97% discount on home-selling.
When he was younger, he experienced moving houses and was baffled by the amount of commissions real estate agents were charging for simple tasks. Here, at a young age he identified a problem and followed through with it by taking the necessary steps to solve the problem.
Doorsteps.co.uk uses modern technology and the innovative web to offer agency services. Some view this as an adaptation of Uber, as it has been described as the “Uber of the property world.” The company hires self-employed local property consultants to perform the necessary tasks. This process decreases overhead costs and allows buyers to have more control and involvement in their process. Due to this customer focus, Doorsteps.co.uk was rated in the top 5 for customer service in the UK.
I really like that Ruparelia was able to take such a personal experience and realize that there was definitely money to be made. He also added something new and fresh to the market by digitizing his services. Nice job!
This is a great example of a applying information from other industries to yours. He did a great job at adapting a new idea for a dormant industry.