I have not done it in years but towards the end of last week I did send out a direct mail campaign. I purchased a list of non owner occupied owners who have purchased in the last 9 months in my market. There were about 1,450 but after scrubbing the list to remove duplicates it was about 675.
I sent a basic 1 page letter providing basic company info with our services we provide along with a property example. I was not a push or cheesy sales pitch letter, just information about our company.
Hope to get a 1% return on the campaign.
I used a service that prints my flyers, stuffs the envelopes, addresses and puts the postage on for me.
Real Estate Agent · Montgomery Village, MD · Member since 2014 · 39 posts · 8 votes
11y
@Michael Quarles I just listen to the most recent podcast you were on (show 81 if anyone hasn't heard it yet). I really like how you break down the marketing budget to serve you goals and use a mix of different direct mail pieces to reach different people. But with such a variety of mailings, do you still worry about which type of mailer is most effective? Or do you use some other means of tracking?
We used to send monthly when we were only sending 2500-3000/month, but with 6,000/month it is better to break it up so you don't get slammed one week and slow the next. We are a small company and trying to utilize our resources.
Flipper/Rehabber · Arlington, TX · Member since 2013 · 1k+ posts · 2k+ votes
11y
We do a LOT of direct mail here at WeBuyHouses.com. We use mostly postcards, sometimes professional white letters (letterhead w/ logo), but mostly I like postcards because I can send 2 for the cost of 1 letter. We use letters for probate mostly.
I like the absentee owner list, with 40%+ equity, SFR only, in the desired price range. I don't think it makes sense to send yellow letters to absentees, many of whom are landlords. They don't care if "my wife and I love your house" and want to "$BUY$" it. Instead, we speak to their problems - crappy tenants, need for repairs AGAIN, financial/cash-flow issues, the burdens of maintaining vacant properties, etc. etc.
You don't want tire kickers. Might make you feel good to take more calls at the beginning, but soon you'll realize you're wasting money and time with them. Use a well-targeted list and a well-targeted message >>> Why should they contact you? what problem do you solve? why call you instead of the 9,999 other "investors" out there?
Investor · Mooreville, NC · Member since 2008 · 139 posts · 58 votes
11y
We send mail at least once a month. Sometimes twice.
Depending on the market, as many 3,000 at a time.
We send a letter.
Direct Mail is foundation of our advertising meaning that everything starts with mail first. From there we do Internet > then outdoor (Billboards) > then Broadcast (TV & Radio) > then market and audience specific advertising.
Real Estate Investor · North Brunswick, NJ · Member since 2014 · 9 posts · 3 votes
11y
I'm just starting out but my intention is to send out every week a mix of white letters/yellow letters/postcards. The white letters are intended for absentee owners, probates and expired listings who are in a better socio-economic bracket. The yellow are for lower socio-economic bracket and in pre-foreclosure status. The postcards are for 2nd-4th follow-ups. Follow-ups I intend to keep on a monthly cycle.
Syracuse, NY · Member since 2014 · 143 posts · 35 votes
11y
We won't begin our first campaign until January however we plan to do montly mail, around 1000 pieces and we hope to use a variation on lumpy mail, yellow letters, business letters, and post cards.
Houston, TX · Member since 2014 · 62 posts · 23 votes
11y
I do. It's one of the useful marketing strategy to reach out clients. I send emails to prospect clients every month. I usually consider the sending frequency in terms of using emails because too much is not always better. I send email newsletter with multiple topics and tends to educate (vs. sell). I also send them welcome emails, post cards and some are yellow letters.
Investor · Riverside, CA · Member since 2011 · 2k+ posts · 3k+ votes
11y
Mail goes out every week. Minimum 20K pieces per month. Mostly postcards, but certain people/lists get higher cost pieces; letters, invitation & oversized envelopes, priority mail envelopes, bank deposit bags, etc.
I'd mail you an elephant if I thought we could put a deal together that would justify the cost.
Investor · Santa Rosa, CA · Member since 2012 · 2k+ posts · 7k+ votes
11y
I did some direct mail 25 years ago, I got nothing out of it and wouldn't have known what to do if I did. I didn't even know what I didn't know.
After years of high deal flow began to wane, I thought, "what the heck" and tried again. I started in February.
I have 7,500 names on my list, all out of state absentee. I mail 2,500 postcards every third week and then repeat. I've closed two deals.
So...I realize that I still suck at direct marketing, but I've made more than its cost so I'll keep doing it for now. Someday I'll figure out how to do it right! Or not...
Real Estate Broker · Canton, GA · Member since 2010 · 15k+ posts · 11k+ votes
11y
My strategy is different. I haven't mailed anything in a awhile but need to start back.
I am starting around where I live. Then I am picking specific commercial properties I know my clients or myself would like. Then I am putting those owners on a once a month campaign. Now sometimes you will see that one owner owns multiple properties or that they have contact info on their website with e-mail.
If that's the case I will switch to that. If not I will keep them on snail mail. I am going after highly targeted prospects. I used to do the bulk thing with an assistant but some owners had properties that were non optimal for my clients. Then I was putting too much time into properties that were very hard to move.