How long have you been cold calling and putting up bandit signs for? It takes time to get a deal done. Months of follow up, and negotiation. Don’t drop those just yet.
@Noola Laguardia direct mail can work fine. It will take time, a good amount of money, and lots of follow up. I have done direct mail as an agent, and it takes time. I mailed one list 9 or 10 times, and got a lead out of one of the last rounds.
Wholesaling is a business like any other business that is offering a service, so you will need a big marketing funnel if you want to be successful with it.
John hit the nail on the head! Direct mailers take a lot of time, effort, and money but you will see some results. You can also try calling lists of vacant homes and divorcees for leads as well!
Stick with a marketing channel for at least 6 months before pivoting to others. After 6 months of doing mailers, I got to the conclusion that I had to pivot to a more proactive channel because of how competitive my market is. Direct mail definitely works but the cash cycle is very long in comparison with proactive channels like sms and cold calling.
How long have you been cold calling and putting up bandit signs for? It takes time to get a deal done. Months of follow up, and negotiation. Don’t drop those just yet.
Cold calling and driving is best for starting out. Just remember to be action oriented not outcome oriented. Driving for dollars works great everywhere but it should take around 300-400 houses to get a deal done in my experience. For cold calling, it depends on what list you use. I started out pulling code violations and vacancies.