2 Real Estate Video Service Success Stories [2024]
Video content helps drive more eyes to real estate listings. According to statistics, real estate listings with video receive 403% more inquiries compared to those without listings.
Realtors and real estate brokers have shifted to the use of video not only to generate social proof but also to build trust with potential buyers and sellers.
Therefore, there is a high demand for video creators focusing on the real estate industry. Real estate agents use video to show off their properties, reach customers digitally, and start conversations directly with them. Therefore, starting a real estate video service can be a rewarding and profitable venture.
In this list, you'll find real-world real estate video service success stories and very profitable examples of starting a real estate video service that makes money.
1. Lemonlight ($18M/year)
Hope Horner came up with the idea for Lemonlight when he saw an opportunity to bring transparency to the video production industry. With the average cost for a 30-second commercial at $342,000, Lemonlight offered small and medium-sized businesses access to high-quality, affordable video content through pre-built pricing menus and transparent pricing. Since its launch in 2014, Lemonlight has grown to generate $6M in sales per year, with over 7000 videos produced for more than 3000 brands and notable clients including Amazon and TripAdvisor.
How much money it makes: $18M/year
How much did it cost to start: $500
How many people on the team: 75
Lemonlight CEO, Hope Horner, co-founded an on-demand video production company that has produced over 7,000 videos for more than 3,000 brands, generating over $6 million in sales and growing to a 45-person team, all without taking any outside capital and being recognized in Inc 5000 and Entrepreneur 360 for three years in a row.
2. Video Jaguar ($384K/year)
Since launching Video Jaguar, Tim Sumer has focused on driving attention to his website and perfecting his video creation software. He utilized his digital marketing firm, USA Marketing Pros, to design and promote the website. He also leveraged his client base by offering a 30-day free trial in exchange for referrals. By showcasing the video templates in individual blog posts and utilizing SEO tactics, Tim was able to attract customers and gain visibility.
How much money it makes: $384K/year
How much did it cost to start: $18K
How many people on the team: 5
Video Jaguar is an all-in-one video marketing software that has generated $25,038.74 in sales from August-December 2019, $188,672.22 in sales in 2020, and is now doing $32,911.77/month in sales with an expected $700K in sales in the current year while boasting a gross margin of 80%.
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
