ZOOPLA: DIGITAL BUSINESS

SWOT
ANALYSIS
Strengths
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Zoopla acts as a property aggregator for consumers, streamlining the process.
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The website is more efficient and convenient than brick and mortar estate agencies.
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Property managers access wider audiences and smaller businesses achieve equal reach to large businesses.
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Website improvements are funded often, adding new features regularly.
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Zoopla is able to partner with international companies.
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Customisation and personalisation is available.
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Zoopla has undergone a recent website rebrand and refresh.
Weaknesses
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Service is limited to audiences that can access a computer and the internet.
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Those that are IT illiterate may find the website difficult to use and search for traditional methods.
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Estate agents upload their own content which can create an inconsistent website or invite fraudulent behaviour.
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Any issues arising from seller to buyer interactions are linked to the website and Zoopla is liable.
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Bugs and code errors arise, often triggered by changes in other areas of the website.
Opportunities
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Zoopla can link the website with other related business and products, for example: Mortgage data, CRM.
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Zoopla can branch further into global expansion.
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New types of business can continue to be added i.e. commercial, park homes, retirement homes.
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Acquisition of other related digital businesses continues to be a priority.
Threats
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Websites are easily replicated with low upfront costs.
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Technology is changing rapidly, so fast adaptation is very important.
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Activity on the website is heavily affected by external factors i.e. mortgage rates, inflation.
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Phishing and hacking can cause an insecure environment for users.