Place On The Market says it is not trading on OTM name

A new service called Place On The Market has denied that it is trading off the coat tails of OnTheMarket.

It has also strongly denied using some well-known agents’ logos on its site without their permission.

Place On The Market, which aims to introduce estate agents to potential sellers, was launched last month, shortly after OnTheMarket.

Although it gives few details on its site, it has been launched by agency software firm Eurolink and is being publicised by mailshots from Property Talk Live.

Details relating to the domain name were confirmed last month but Eurolink boss Nigel Poole, who is also a director Talk Live Media which publishes Property Talk Live, told Eye that he had actually registered the POTM domain name 11 years ago.

He said: “POTM is definitely not a competitor to OTM. It is a completely different business model and not trading on the name of OTM in any way. The POTM domain name was registered in 2004 (yes 2004!) and we have been developing the concept, offering and website over the last three years.

“POTM is a result of our ‘stealth development’ programme where we encourage our teams to explore methods, technology and ideas to enhance our core products and services.”

Poole said of POTM that it is a new way for home owners to choose the right agent to market their home, giving agents wider access to property instructions.

He said: “It is not an ‘auction for instructions’ site, it is an ‘introduction’ site.

“POTM offers home owners the ability to provide details about their home and upload photos. The basic information we ask for is compatible with the ‘Rightmove format’.

“Estate agents can review and make proposals to market these homes, and when a match is made and initial terms agreed, the USP is that the estate agent can download the property information and photo(s) into their own systems or website.

“So once a marketing proposal is agreed, the ‘ownership’ of the instruction is taken by the estate agent and the property can be available for viewings in just a few minutes.

“Once ‘owning’ the instruction, the estate agent gets access to the home owner’s contact details and can then make personal contact to make arrangements to visit the home owner to take further details, take further photographs, discuss viewing arrangements, etc.

“For estate agents the service is free. For home owners the cost is £1.”

He said that so far, 71 agents have signed up.

Although POTM has a database of over 6,000 agents who can be contacted when a home is submitted, agents who want to make a marketing proposal must be signed up.

On the POTM site, the logos of Chestertons, Belvoir, Connells, Hunters, Century 21 and Northwood are shown.

A spokesperson for Chestertons emphatically denied that the firm had given permission for its name and logo to be used, but Poole said that the 71 agents signed up included representatives from the firms whose logos are used.

He said: “We have had contact with one firm whose logo appeared on our website and we agreed to remove this immediately as the individual had not had permission from his firm to use our service.”

Asked how POTM will make money, when it is free to agents and charges sellers just £1, he said the site will offer advertising and selective marketing.

He added: “POTM has been designed to operate at relatively low cost and our marketing of the site at this stage is by ‘guerrilla marketing’ and ‘growth hacking’ activity.”

A link to Eurolink’s latest venture is here

And for those who want to get to grips with growth hacking, here is an explanation on wikipedia.

* OnTheMarket has cropped up in other names, notably ConThe Market which had a lively time on Twitter before being pulled.

There is also Onthemarketdirect.com which has been launched by the iProperty Company, which so far appears to be a comparison tool of online agents.

More top news stories

x

Email the story to a friend

12 Comments

  1. JWVW

    Heeellloooooo…….look at the website. The issue here is whether companies try to spread into other areas that are alien to their natural ground. Usually that is a disaster. Always best to stick to what you know best.

    Report
  2. Andrew Richardson

    Is this just a re-working of virtual tours that agents were using 15 years ago. I’m sorry also to hear that the vendors don’t have a moment to spare to show buyers round….perhaps if they instructed a real agent they wouldn’t have to!

    Report
  3. Digital Expert

    OTM are barely trading off of their name. I highly doubt anyone’s trying to get on the ‘bandwagon’.

    Report
  4. B6RKY

    Ah ha! Is this where the ‘lost’ 25% of OTM traffic disappeared to?

    Report
  5. Jonnie

    Let’s face it, it’s another stunning example of answering a question one ones asking, it won’t be a runner etc and it wouldn’t have got a mention on here if it wasn’t for them trading off the back of OTM – Jonnie

    Report
    1. Digital Expert

      Someone only has to dream of an RAF roundel and there’ll be an in-depth article about On The Market on here.

      Without stats, usually.

      Report
  6. Gump

    Can’t believe One Direction are now a four piece, I’m heartbroken and you lot just want to discuss is OTM, HAVE YOU NO SYMPATHY!

    Report
    1. Archie

      The Clarkson / Top Gear matter concerns me more.

      Report
      1. Gump

        It does me too, invest in itv shares or sky shares?

        Report
        1. truthbetold

          The smart moneys on Netflix

          Report
          1. Gump

            A good curve ball right there

            Report
      2. Robert May

        It makes perfect sense for Dave to sign all 3 of them and start making exactly the same show with a different name.  There are plenty of  reserve ex RAF and USAAF  bases around the country whose runways are kept weed free.

        The way  Mr Clarkson  did this indicates he had had enough  of the BBC and went out in such a way as to give himself maximum  exposure and advertise the fact he is available.

        I did wonder whether all this is a put up  job so golden boy  Chris Evans can be given a job to keep him in the Beeb. Something  a bit more up tempo than the Terry Wogan breakfast show.

        Report
X

You must be logged in to report this comment!

Leave a reply

Thank you for signing up to our newsletter, we have sent you an email asking you to confirm your subscription. Additionally if you would like to create a free EYE account which allows you to comment on news stories and manage your email subscriptions please enter a password below.