Would you pay per lead for a service like this?

[Brandon Blackmon]

Hi, I'm an aspiring investor and a software engineer. I've built a service that contacts (via text message) pre-foreclosure prospects. About 1% of the prospects become leads (they respond with something showing actual interest in selling their home). For example, this past week I contacts 3,000 people (a little over 10,000 phone numbers), and got about 30 leads. This was my first week prospecting, and I'm terrible at closing right now, so only 3 fish are still on the hook. Still working on them. My question is, how much would you pay - if at all - for exclusive leads that come from this service? I'm thinking about setting up a website that allows you to see leads live as they come in (showing their response to my text message), but masks the phone number and address until you purchase the lead. Then it's taken off of the site and it's all yours. Or perhaps I'll license the software and you can give me whatever text message you want to send, and they'll all respond directly to you. Or perhaps I'll give all of the leads away to one partner for free, with an agreement that they'd use me as their agent when they need real estate services (I'm licensed in CA). Just trying to gauge a level of interest in these exclusive leads. Thanks for taking the time to read.

[William E.]

Ii'd suggest you find a 'closer' to do something with the lead, then wholesale them to maximize profit potential.

since every person is different you need to know that those that don't reply are still potential prospects, they just don't like random text messages. you should still send them letters/postcards/etc. to try to get a bite.

just let them know they can respond via call/text/email/website form.

also many of these deals (if handled with a seasoned closer) would be handled off the MLS, therefore they would not use an agent.

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