I am not new to the business, I worked with another wholesaler for about a year. I tried direct mailing but no response and bandit signs are frowned upon in my city (meaning a potential fine). I am currently driving for dollars and as of next week we will be skip tracing out of town owners. Any tips or advice would be greatly appreciated. Thanks!
@Christian Rodriguez , what sort of response rate did you get from direct mail... and how many pieces did you send?
Like, literally ZERO responses?
Sounds like a bad list or bad messaging.
Nothing yet, we sent this week on Monday and haven't received a response. We sent over 200 pieces of mail to people we skip traced in our farm area, out of town owners and people that have had a death in their family. I know that sounds bad but that is what our mentor told us to do.
This list is fine, but you just sent them on Monday, for the first time.
It takes MULTIPLE mailings to get any meaningful data.
Plus, you should send to a list of at least 1,000 as well in order to get "good" data.
Ideally, you'd send 1,000 to out of town owners and another 1,000 to probates (you may need to expand your search area to hit that number though).
@Brooks Rembert I understand, what do you think is our best option in terms of procuring deals right now? I don't have a lot of money for marketing materials but what I lack in funds I can make up for in effort.