Can Split Testing Improve Your Real Estate Ad Response Rates?

by J. Lamar Ferren on August 29, 2009

I remember how frustrated I used to get whenever I would go to Craigslist.com or Backpage.com and post multiple ads for buyers, investors, sellers, or even my deals; I’d get responses here and there. I’d just keep re-posting the ads that wouldn’t get any responses, hoping they would eventually get me a lead.

Foolishly, I never saved all the ads that worked and I kept concentrating on the ads that had low responses. I kept re-posting to various sites because I thought they were awesome ads and I didn’t understand why nobody would respond…

BTW – If you have also been getting little to no response with your advertising, then keep reading!

I then came across and interesting concept… Split Testing.
 

Split Testing Can Improve Your Marketing!

split testingI can’t tell you how crucial Split Testing is to your business. Split Testing will usually tell you if you have a good ad or not.

What is Split Testing? Split testing is an extremely powerful strategy for increasing the effectiveness of your marketing. You can use it for almost anything. It is a way of testing two or more marketing campaigns and identifying which one is more effective.

Let me break it down a bit further…
 
When I came across this concept, I tested it out on my ads… Basically I took two advertisements (This is just a SAMPLE):
 
Ad #1
 

Subject: Sell Your Home Fast!
 
Body:   
 
Fast Closing – Sell Your Home in 2 Weeks!
Instant Debt Relief!
No Commission!
We’ll Make A Written Offer Within 48 Hours!
 
www. MyLinkHere .com or I’d say “Reply To My Email”

 
Ad #2

 

Subject: Sell Your Home Fast!
 
Body:
 
Instant Cash! Fast Results!
No Equity? No Problem!
We’ll Make A Written Offer within 72 hrs guaranteed.
No Realtor Fees!
 
www. MyLinkHere .com or I’d say “Reply To My Email”

 
I then ran these two ads on sites like Craigslist, Oodle, Backpage.com, etc, in the same sections, for about 7 days and calculated the results: (Again, this is only a SAMPLE of how you would do this)
 
Craigslist Ad: 1= 7 responses or 7 leads… Ad 2= 2 leads
Oodle Ad: 1= 4 leads… Ad 2= 1 lead
Backpage Ad: 1= 6 leads… Ad 2= 0 leads
Trulia Ad: 1= 1 leads… Ad 2 = 0 leads
 
Overall, Ad 1 gave me 18 leads over a 7 day period and Ad 2 gave me 3 leads.
 
Can you guess which ad I will be re-posting?
It definitely won’t be Ad 2!

However, if I wanted to try for another 7 days just to be sure, then I could.
 
I can analyze which websites pull better results over a 7 day period. This can help me determine where to focus most of my marketing efforts and where not to. However, in order to properly test whether you should post to a classified website or not, I’d probably extend the period out much further and be sure to advertise on different days. (Well, I’d really advertise everyday and much more than 2 ads.. :-] )
 
You can improve your ad response dramatically by exploring the concept of split testing!
Again, you can do split testing with anything: websites, PPC (Google Adwords), signs, Flyers, postcards, emails, videos, etc…
 
It’s all about getting the most effective results!
 
It’s funny because I’m working on a current project and one “expert” is telling me I should do it one way and another “expert” is telling me to do it another way. I trust both individuals, they’re both really successful, and they can both back what they say… But who should I listen to???
 
How about I listen to the results of my Split TEST!
 
Hope that helps…
 
To Your Success,
 
J.Lamar Ferren
New Breed Real Estate Investor

 Can Split Testing Improve Your Real Estate Ad Response Rates?
Share    
 

{ 3 comments… read them below or add one }

1 Mary Dean August 30, 2009 at 4:12 pm

Awesome advice. I only recently heard of split testing, but never was inclined to delve into it very much. This post has inspired me to do a bit more research.

Reply

2 J. Lamar Ferren September 2, 2009 at 8:22 pm

That’s great Mary. I feel everyone in business should split test to ensure they are getting the most out of their time, money, and energy.
J. Lamar Ferren´s last blog ..Top 5 Creative Real Estate Investing Strategies In This Economy My ComLuv Profile

Reply

3 Casey Perry September 18, 2009 at 12:29 pm

Split test is a good suggestion. And i suggest you use postlets to minimize time and effort. And its free.
Casey Perry´s last blog ..Bank Owned in South Bend My ComLuv Profile

Reply

Leave a Comment

You can use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

CommentLuv Enabled

Previous post: Save Your Sanity, Learn Your Building

Next post: How to Generate Quality Real Estate Leads

Copyright © 2004-2009 BiggerPockets, Inc. All Rights Reserved.
BiggerPockets® is a registered trademark of BiggerPockets, Inc.