The Modern Consumer & the Power of Asking “Why?”
Marcel du Toit, March 13, 2019

Many start-ups like Leadhome exist today because consumers started to ask all the right questions.

By Marcél du Toit, CEO of Leadhome.

If you’re in a business in which you tell your customers how they should think and what they should accept “just because that’s the way it works”, you are probably going to be out of business quite soon.

All the major disruptors in business – be it Uber, Airbnb, or Tesla – have identified gaps in relevant markets with the aim of transforming the marketplace, and have never looked back. Being disruptive is about changing the game completely. It’s really about looking at existing consumer needs and asking if your company can do a better job of meeting those needs. So many old school brands (and I can name a good few in the property industry) are so entrenched that they find it very difficult to embrace any new concept or transformation of the industry as they know it.

The fact is that the consumer is now more than ever driven not only by the fact that he or she has the right to query the status quo or what has been thrown at them for too long, but that there are technology and data to back up new ways of doing business. Added to the mix is the incredible tool of the internet, where we can research just about anything and you have a consumer who is much more in control and has more choice.

A Different Consciousness

Has the consumer become more conscious, more discerning, more powerful? Definitely, consumers have found their voice and there’s no way you are going to put them back into the box and make them play safe. Why? Because having a choice means a better quality of life for them and their families.

I think there is also something very personal about making choices about where our hard-earned cash should go. Why should our money go elsewhere when it can be used to cover school fees, pay for groceries, or pay debts?  I really do think that getting good value for money has become something quite personal and businesses need to understand that the modern consumer is a different animal altogether.

Our business model is underpinned by technology, which means our consumers are part of the journey and can track every step of the way on their custom online dashboards. We also did away with show days so that our customers have the privilege of showing off their own homes. Who better to talk about the attributes of a home and an area than the people living there? Leadhome has certainly created waves in the marketplace – and if you look at our testimonials – you’ll see that our customers are more than satisfied with our way of doing things.

The Power of Why

The consumer has a voice, and the power to say “Why?”.

There was a recent case with a life insurance company – I won’t mention any names – where the power of social media ensured that justice was won, and we revel in the fact that the ordinary man or woman on the street has very real power to say no, that’s not fair, and can obtain the support of a social media community to ensure that policy is changed so that others in the future may benefit.

Let’s continue to ask all the right questions, to query everything that is thrown at us – because it’s one thing to disrupt an industry – but it’s quite another to change lives, and add to someone’s quality of life, and to offer an authentic service to customers who aren’t afraid to ask for real answers.

I have to say that I love this brave new world we live in, and it makes me immensely proud that Leadhome is a people-centred business that continues to bring change to the local property industry.

This post has been edited to accurately reflect our current business model.

Marcel du Toit
Marcél is CEO of Leadhome. He is interested in the intersection where technology, customer service, and the real world meet, with a specific focus on proptech. Outside of Leadhome he's passionate about his two rescue dogs, sport, and all things South Africa. Marcél holds a masters degree in Management & Finance from the University of Oxford.
M.Sc. Management & Finance, University of Oxford
BA PPE, University of Stellenbosch
Paul Roos Gymnasium, Stellenbosch

Book a free, no obligation valuation with one of our real estate agent - all in less than a minute!

Book a valuation