The Chinese market for overseas property is rapidly growing, with an increasing number of affluent Chinese investors looking to diversify their portfolios and invest in properties abroad. However, navigating this complex and ever-evolving market can be challenging for foreign real estate agents or developers.
That's where WeChat comes in - the super-app that has taken China by storm and become a must-have tool for businesses operating in the country. In this article, we'll explore how WeChat can help you tap into the booming Chinese market for overseas property and connect with potential buyers more effectively than ever before.
WeChat is a Chinese multi-purpose messaging, social media and mobile payment app developed by Tencent. It was first released in 2011, and has since grown to become the world's largest standalone mobile app with over 1 billion monthly active users.
WeChat has a number of features that make it an ideal platform for selling property abroad. Firstly, it offers a built-in translation function that can be used to communicate with potential buyers who may not speak English.
Secondly, the app's large user base means that there is a good chance of reaching potential buyers who are interested in purchasing property abroad.
Lastly, the introduction of WeChat Mini Programs offers a whole new dimension to the platform, plus an essential cornerstone of any marketing strategy. Essentially apps that are built inside WeChat, Mini Programs are powerful branded marketing tools that allow a company to market directly to a target audience without the hassle of setting up a Chinese website.
Advantages of Selling Property on WeChat
WeChat has a considerable user base in China. According to some recent statistics, WeChat has around 1.24 billion users, and almost all are based in China – making it an essential platform for businesses targeting Chinese consumers.
WeChat can be used for various purposes, including sending text messages, making voice and video calls, sharing photos and videos, and more. In addition, WeChat provides a platform for businesses to set up official accounts and sell products or services directly to consumers. For businesses selling overseas property, WeChat can be used to showcase properties, provide information about the purchase process, and even allow customers to make purchases directly through the app.
It’s no secret that the Chinese have become increasingly active in the global property market in recent years. And with the rise of WeChat, overseas real estate developers, and brokers are presented with a unique opportunity to engage with potential Chinese buyers like never before.
So, what are some strategies for engaging with Chinese buyers on WeChat?
WeChat groups are a great way to connect with potential buyers who share similar interests. By joining or creating relevant groups, you can start building relationships and getting your name out there.
“WeChat Moments” is akin to a Facebook timeline or Twitter feed – it’s a place where one can share updates, thoughts, articles, etc. Posting useful content related to an industry (e.g., tips for buying property overseas) is a great way to engage with potential buyers and build trust.
WeChat advertising allows you to target potential buyers based on their location, age, gender, interests, etc. This is a great way to reach a wider audience and get your name in front of those who might not otherwise
It is essential for overseas property developers and agents to understand Chinese cultural preferences in order to successfully navigate the Chinese market. An example of this is the importance of face or “mianzi”. This refers to maintaining one’s dignity and reputation and is extremely important in Chinese culture. Therefore, it is important to be respectful and humble when dealing with potential buyers from China. Likewise, the importance of relationships or “guanxi” has to be taken into account. Strong relationships are key in China and this extends to business dealings as well. It is important to build trust and rapport with potential buyers before doing any business with them.
When it comes to marketing international property to buyers in China, WeChat is an invaluable tool with incredibly versatile and powerful uses. By deploying the functionality when embarking on selling property on WeChat and using it to post regular updates about your properties, you can reach a large targeted audience of potential buyers more quickly and efficiently than ever before.