I wanted to learn more about the marketing and searching of off market deals. My thought is to print a bunch of those door hangers and go through my desired neighborhood and door knock with a clipboard.
Has anyone tried this? Would it work?
I also would have business cards that I can hand out to potential sellers but it has my cellphone number on it (these are being re-purposed) and I was wondering if BP had thoughts on it.
Los Angeles, CA · Member since 2019 · 512 posts · 301 votes
7y
@Devon Cornwall if you asked 1 girl out, you got a 50/50 shot of getting a date. If you ask 10,000 girls out eventually you’ll get a yes. Either way I’d say there is a 100 percent chance you’ll be on at least one date after asking that many girls.
If you put a 1000 door hangers out and only one calls your for your services then you got yourself one potential home sell!!!
Law of averages, keep knocking and eventually you’ll get a yes. You will also get a lot of no’s
Thank you for your affirmation, you've really helped me be confident about the approach. There is a lot here in town that has an old abandoned building in a really nice neighborhood and the owner lives down the street but hasn't done anything to it in like 6 years. It's siding has fallen off, the walls were gutted and stripped of copper. It's a really sore thumb.
I have spoken to the neighbors and they really want to see something done and I would love to do a spec build. I have been in construction for 3 years, I'm an electrician's apprentice and I think I could talk him to sell. I was going to approach by foot and do a face to face despite having his phone number.
I dont play the numbers game anymore. People always use dating as an example. Sure if I ask 10000 women out, I might get a yes, but what if that yes is someone I am not attracted too? Let's say my budget is $5000 to market to these women. So I spend $0.50 on each. How attractive is the $0.50 piece going to be to each woman?
Keeping with the dating example, what if instead I took that list of 10000 and pulled out what I am looking for, let's say brown hair, blue eyes, single, makes 45k a year or more, etc etc. I also know a little bit about the woman and what she likes. I now narrow my list down to 200 women. Still with the same budget. I can now spend $25 a target and get exactly what I want.
its what we do for lots.. we send our letter in Fed ex.. it always gets opened.. and I have a super secret one I simply wont share but it works and I know it works because some one did it to me. and I sold.
In FedEx? So, Jay, each one will cost at least $10.