Last Friday on July 23rd Greek Press had the honor to be invited on a reveal of a new digital platform by Mr. Akilan Theva Founder & CEO of BisRing Inc.
In his speech Mr.Theva a real estate investor took us through the journey and the creation of the platform after himself being in the high-tech industry for over 20 years designing products that led to hundreds of millions of dollars in revenue. Currently a real estate investor himself, and having invested in various cities across the province of Ontario, he encountered challenges commonly faced by many real estate investors. After investing in distant properties, he required cost effective and reliable management using Power Teams. However, he realized that if properties are not managed properly, cash flow could be negative, and the financial damages would be very high. Also, whenever real estate investors run into problems, they tend to be lonely similar as entrepreneurs and reach out to inexperienced friends and family for advice.
He realized that currently there was no platform available where real estate investors and service providers can build long lasting business relationships. It tends to be a one-time transaction and investors would need to visit multiple sites to find a variety of service providers for their single real estate project. The dream was born! He quit his high paying engineering job, move to Richmond Hill, and founded BisRing in 2017.
BisRing initially launched across Ontario in early 2019, as of now we have over 11,600 business listed from Ottawa, the Greater Toronto Area, Kitchener-Waterloo, and the Niagara Region. As of right now, BisRing is absolutely free for real estate investors. On the other hand, service providers, have the freemium version called ProBisRinger Lite, and the premium subscription is called ProBisRinger Gold. ProBisRinger Lite is free and service providers can market up to 3 of their businesses. The ProBisRinger Gold subscription fee used to be $27, although due to COVID we have reduced the price by over 60% to be $9.99. Whoever subscribes now for $9.99, would be rewarded as early technology adopters and will not increase the price even when we go back to $27 per category in fall this year. The standard promotional free period for ProBisRinger gold users is 2 months, with your own branded promo code, which can be shared amongst your readers, listeners, and audience, to add an extra 30 days free so that altogether they could enjoy a 90-days free trial period with no contract or any hidden fees.
How does BisRing benefit Real Estate investors and service providers?
Real estate investors could sign up as BisRingers for free to take advantage of a single stop solution for all their real estate needs. They could create their own Power Team called My Virtual Team to manage their service providers in multiple cities. They could also write Blogs to share their wealth of knowledge to attract new investments. Competitors like Homestars, Hozz, don’t let outsiders to write Blogs. Only their content writers write the Blog for SEO purpose.
As users become more and more active on BisRing, they will be able to earn badges and points as a reward. These rewards can be used towards buying BisRing Gold subscriptions and in the future, BisRing merchandise.
Our current product development:
This summer, we have interviewed around 100 real estate investors and service providers and have identified their major challenges. We have discovered that service providers are looking for low costing or free leads while real estate investors are looking for investment deals, advice and support when they run into problems. Based on the knowledge we have gathered, we are working on a feature called BisBoard, that would greatly benefit all our users. BisBoard has the potential to take BisRing to become the LinkedIn of real estate. We will share all the details when we launch the product in the coming months.
Our long-term vision:
As of now, BisRing has been launched only in the province of Ontario to get validated and gain traction, so later this year we can go nationwide. Next year we would like to make BisRing available in the U.S as well. In the coming years, we want BisRing to assist real estate investors when it comes to raising capital to purchase their investment properties, find suitable investment partners, and have long lasting relationship with real estate service partners as part of their Power Teams. BisRing would also assist service providers in finding higher lifetime value customers, free leads, and increasing their reputation and credibility through BisBoard. BisRing is envisioned to become a single stop platform where real estate investors and service providers can collaborate and help each other as a community.
As BisRing continues to grow, we are determined to give back to our local community, at the same time we plan on building 1000 houses to underprivileged families that live in third world countries.
BisRings’s goal is to become The Ultimate Real Estate Network for real estate investors and service providers.
In this effort our Readers can enjoy a branded coupon code to get three months FREE Gold subscription.
Coupon code: bisgreekpress
We would like to wish Mr. Thevas great success on his future endeavours!