Launch and growth for Franchise and Business at Domain

I led the research and design for the strategic expansion of Domain Group's commercial real estate offerings into the "Businesses for Sale & Franchises" category. This initiative proved to be a pivotal driver of revenue growth, ultimately becoming the most profitable vertical within the commercial real estate portfolio. My role involved leading initial research, rapidly iterating on designs, and ensuring seamless alignment with business development to achieve a successful go-to-market strategy.

Overview

The decision to delve into the "Businesses for Sale & Franchises" market was a strategic move to capitalize on a significant opportunity within the broader commercial real estate sector. Our initial research, which combined ethnographic and quantitative methods, revealed valuable insights into the user journeys of those looking to buy or sell businesses and franchises.

This research highlighted a key unifying factor: the desire to become a business owner. We discovered that while the end goal was the same, the path varied depending on the individual's risk tolerance and budget. We identified three primary pathways: starting a new business from scratch, buying an existing business, and investing in a franchise. Recognizing these as interconnected stages in a larger journey was crucial to our approach.

One area we focused on was improving the franchisee journey. We understood that for franchisors, attracting the right candidates is paramount. Therefore, we paid close attention to designing an effective and user-friendly application process, which became a unique selling point for the platform.

Another critical consideration was how users access and discover information. We carefully defined the data access points for franchise and business-for-sale listings, ensuring optimal information architecture for both search engines and users. This involved understanding the different search behaviors and information needs of each user type and optimizing the platform to facilitate efficient information retrieval.

Developing this entirely new business area for Domain Group was a significant undertaking. However, by grounding our decisions in thorough research, employing lean UX principles, and fostering close collaboration with the business development team, we achieved a swift and successful go-to-market strategy. The new business unit experienced rapid growth, quickly becoming the number one revenue generator within the entire Commercial Real Estate division.

Business for sale

Map based comprehensive business for sale search with powerful filters

Guidance on the process

No matter the option, the user was guided throguth the process to open a business

Franchises

Easy to navigate franchise catalog, with complete information and end to end process

Beyond the listing

We offer support through the whole journey utilising the Commercial Real Estate and Domain resources

The highlights

Research insights

Deep user research informed the platform's foundation, ensuring it addressed real-world needs.

One user base, 3 pathways

The design unified distinct user journeys (new business, buy, franchise) to provide comprehensive support.

Improving the franchisee journey

We focused on optimising the franchisee application process for a better user experience.

Defining the access points

Information architecture was strategically designed for efficient user and search engine discoverability.

Researching how was the process to open a new business

Our research into the process of opening a new business served as the foundation for the platform's design and strategy. We employed a combination of ethnographic and quantitative methods to gain a holistic understanding of the user journey, including:

  • Ethnographic research: We observed and interviewed aspiring business owners and franchisees to understand their motivations, challenges, and decision-making processes.
  • Quantitative research: We analyzed market data and trends to identify key opportunities and potential growth areas.
  • User journey mapping: We mapped out the various stages involved in starting a business, from initial ideation to launch and ongoing operations.
  • Competitive analysis: We studied existing platforms and services in the "Businesses for Sale & Franchises" market to identify best practices and potential differentiators.

These research insights allowed us to identify key user needs and pain points, informing the platform's features, functionality, and overall user experience.

One user base, three pathways

A crucial insight from our research was that the decision to become a business owner often leads to a fork in the road, with users choosing from three primary pathways: starting a new business from scratch, buying an existing business, or investing in a franchise. Recognizing this, we designed the platform to:

  • Cater to all three pathways: We provided tools and resources to support users regardless of their chosen path.
  • Highlight the connections between the pathways: We emphasized the common goals and challenges shared by all aspiring business owners.
  • Facilitate exploration between the pathways: We enabled users to easily compare and contrast the pros and cons of each option.

This approach allowed us to create a more comprehensive and valuable platform for users, regardless of their specific business ownership aspirations.

Rapid iteration and lean UX experiments:

To quickly validate our assumptions and refine the platform, we employed a lean UX approach, emphasizing rapid iteration and experimentation. This involved:

  • Identifying key assumptions: We clearly defined the assumptions underlying our design decisions.
  • Designing experiments to test those assumptions: We created prototypes and conducted user testing to gather feedback and validate our hypotheses.
  • Analyzing the results and iterating on the design: We used the data and insights from user testing to make informed design decisions and refine the platform.
  • Working in close collaboration with the business development team: We ensured that our design decisions aligned with business goals and that the platform effectively supported the sales process.

This iterative and collaborative process allowed us to quickly adapt to user needs and market feedback, resulting in a successful and impactful product launch.