Boomin Delays Launch Until Next Year in Letter to Agents

December 11, 2020
Share this Post: 

After releasing a snazzy marketing video to attract agents yesterday (which we analyzed here), new UK portal company Boomin has followed up today with an email to agents saying that it will delay the launch of its hotly anticipated portal site until the new year.

The new site, which will include a 'Playground' area for users to contract tertiary services as well as buy furnishings and other products, was due to go live this month. In an email sent to agents who have signed up to list with Boomin however the Executive Chairman and Founder Michael Bruce explains that:

Our plans were to launch in December 2020; to create the quality of execution we know is so important to you and us, we have decided that it would be better to publically launch in early 2021.

As for the reasoning behind the decision, Bruce puts Boomin's delay down to a desire to let employees enjoy well-deserved time off with their families around Christmas and take advantage of the slight relaxation of lockdown rules while they last. It has however been speculated in some quarters that despite a slew of headlines from the Boomin PR machine to the contrary, the new 2021 launch date is due to an underwhelming number of agency sign-ups with a critical mass of agents seen as crucial for the portal's ultimate success from the off.

Read more

December 11, 2020
Since March 2020 Edmund's job has been to read about, write about, collect data on, analyse and generally know about real estate marketplaces and the companies that run them. Before that he worked at the aggregator Mitula Group (which became Lifull Connect) for five years.

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Propertyguru Singapore Skyline
Analysis: PropertyGuru Is Heavily Reliant on Singapore's Crazy Real Estate Market

Singapore is well known for its obsession with property and the market dynamics there are pretty unique...   There can't...

Read More
Strike
UK Challenger Strike (Purplebricks) Lost $23.6M in 2023

U.K. hybrid agency Strike, which acquired (and subsequently rebranded as) Purplebricks last year, recorded operating losses of $23.5M according to...

Read More
Zigbang
Zigbang Experiences Healthy Sales Boosts in 2023

South Korean portal operator ZigBang boosted its sales by an impressive 47% YoY worth approximately $93.8M, according to a 2023...

Read More
Zillow Hiring
Zillow TV Show to Land In May

Zillow's TV show will launch in May for broadcast on HGTV. After the major success of its Zillow Gone Wild...

Read More

Editor's Pick