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Old 07-11-2019, 12:04 PM   #1 (permalink)
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Matterport 3d scanners (and a $200,000+ income opportunitiy)

YouTube recommended videos by a realtor named Graham Stephen in his twenties and then a friend of his, another realtor in his twenties. In one of Meet Kevin's videos he showed a 3d view of the interior of the house--like Google Earth--and apparently you can integrate 3d house scans into Google Earth.

I had seen 360 tours of homes, but never a 3d walkthrough like that. I thought it was cool!

Then I saw this video. You need a domain name, business cards, 3d camera, tripod, and pelican case. He said all of that costs about $5,000, but if you do 300 scans in a year you could earn $269,000:

He lives in southern California and says the median home value is $500,000. Zillow says that it is $235,000 in Show Low, Arizona, so I might want to charge 40 - 50%.

He recommends $499 for a 3d scan up to 1,500 square feet, $99 for 2d-rendered blueprints that costs you $25 - 30, $299 to pull high-resolution photographs and retouch them (and he links a channel that shows how to do just that). He recommends charging an extra $150 for every additional 500 square feet, $199 for drone shots flying up to the property (wait, we need a drone now? Yes and apparently an FAA license!) and $175 for estimated lot lines on an aerial view. He says the package value is $1,271, but he recommends selling a package deal for $899.

Without the drone (and the FAA license), my package deal would be more like $600, and with median homes being less than half, it would be more like $300. If I do 300 scans in the next year, I would make $82,500, also known as three years' pay for me and, as you may have noticed, one-third the local median home value.

He says it takes three hours to do all of that, so I would potentially earn $100 an hour, but he points out that if you are self-employed you will spend most of your time doing customer service.

He says that before you buy the equipment, rent it from someone not using it.

When I watched this video a week ago all that I found were two 3d tours of the area and a local company that did most of the services that Kevin mentioned, some others, but surprisingly little information.

I would expect to see prices.

Here is a listing for a $875,000 house with dozens of high-resolution pictures seemingly pulled from Matterport, a 3d dollhouse view, and some drone shots. It links to this 3d virtual tour, although it just tells you Matterport and the realtor:

I do not see a video of a drone flying up, lot lines superimposed on an aerial shot, or 2d blueprints.

They are asking almost four times the median value for this house, which is 8,788 square feet.

I do not know why this house showed up under a Matterport search for my area, but it just has drone shots and dozens of pictures, nothing 3d. $310,000 and 2,688 square feet:

Here is a 3d tour of a local restaurant:

I see five other tours of big and expensive houses, but they do not link to real estate listings.

Here is a $500,000 home with $3,519 square feet. It looks like it has some drone shots, but not really aerial view. It has a 3d view of the interior, but while it mentions a Matterport tour, I do not see the link:

This realtor says he does HDR photography, Matterport 3d tours, and drone video photography:

So, the only people in the area that seem to have Matterport equipment already do house tours, but for homes a couple times the median value.

Here is a video by a much older realtor (with 838 views!). They convinced him to invest 3.5 years before and to sign up for a system that would give him filtered leads. They did not tell him they would send the same leads to two competitors and they needed to underbid each other. He says that in 3.5 years zero leads have led to contracts:

One of the guys from Tested interviewed the creator of Matterport and they make a 3d scan of San Francisco's Exploratorium science museum:

Kevin says to rent a camera before you buy one. I don't know that I have that option. This guy says to set up a business meeting with all of the realtors at an office and offer them discounted rates if they give him testimonials. He said he only had one scan, but did not explain whose scan that was:

In another video he says to keep your prices private so you can figure out how much profit you can make off each customer. Someone commented he did his first tour for free to get his first tour.

Another video did not seem useful or well-done, but the top comment is:
I'm a Real Estate Agent, I don't think talking about wasting money on a licence is a good pitch but if it works for you then it works. If you guys pitch the matterport as a service to a real estate agent, all you should do is make 1 3D model of an amazing place, then show it to the agent and say how many times were you not able to schedule a viewing for a genuine client? With this 3D walkthrough you can immediately qualify your client and qualify the product they want to buy. It will help you stand out from the competition, and help your client understand what they really want.
He calls himself "Mr Dubai Offplan"

This guy, with 12,000 views in two months, shows how to use a much smaller and cheaper camera to integrate with Matterport's system:

It looks like it takes far more work, but he says he did his first scan in fifty minutes. Kevin made it sound like it took him ten minutes with the Matterport device.

This guy shows how to use the Insta360 ONE X. You can order a kit directly for $602. It includes a monopod, stand, 32GB MicroSD Card, lens cap, and case.

Here is a camera, monopod, stand, 32GB MicroSD card, and bag for $460.

Here is an AmazonBasics Pelican-style case for $33.

Zillow shows 110 homes between $100,000 - 300,000 in my ZIP code and 40 are 1,500 square feet or more.

Do you think this sounds like a good way to supplement my income? Is this a good opportunity in your area?

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