Real Estate Agent · Atlanta, GA · Member since 2022 · 352 posts · 219 votes
Good Afternoon BP,
Does anybody have any tips and tricks when throwing bandit signs? Any specific ways to avoid code enforcement?
I know I will get some comments that bandit signs are a waste of time but, I have met some of my best investors off of signs. I throw 30 a day and have an amazing turnover.
I haven't done it but I think it's a great strategy for rural areas. I have seen that bandit signs in metropolitan cities get removed super quickly. I have no problem with bandit signs but If I look at it from a scaling perspective, I don't see the longevity.
Either way, great post! I will be waiting to see what others have experienced with bandit signs.
I haven't done it but I think it's a great strategy for rural areas. I have seen that bandit signs in metropolitan cities get removed super quickly. I have no problem with bandit signs but If I look at it from a scaling perspective, I don't see the longevity.
Either way, great post! I will be waiting to see what others have experienced with bandit signs.
They work great.....just not in cities with code enforcement. I have made it a part of my daily tasks to get 30 out. The best part is you can target areas and the investors are calling you. I have seen better turnover rates with signs than cold calling!
I haven't done signs consistently in a while but when I was having people place signs for me, I created this simple document as a guideline. Probably time to update it since I'm looking to restart and do more, but this may help.
I have seen better turnover rates with signs than cold calling!
That doesn't imply they work.
Consider this: "Swimming after fish with a bat and hitting them to put food on the table works great. I tried swimming after them with a flat paddle and the bat gets me far better results."
Both methods still suck, regardless if one is better than the other.
I Can NOT imagine me getting out there and placing 30 signs on the street EVERY DAY?! and then removing them as well. The time, and stress that would take? While being at risk for fines. I just can't justify this one bit. How does that make any sense?
Okay, I could understand if that was the ONLY way to get leads, but there are FAR better ethical, legal, and way more effective ways to get leads.
Free is not always "better" and free doesn't imply just "money". It may be cheap, but your time is not free.
This is what you should do. Note down how many hours a week you work on getting these bandit signs placed, and this includes, the time buying them, prepping them, dropping them, and removing them. Then note down how much money you made from them. Do that each week.
Now divide the money made by hours worked. Compare that to the wages a water makes, a doctor, a teacher, or whatever other profession makes.
If you make a much as a normal worker, why even bother? At least the normal worker's wages are reliable and consistent.
That is a good way to evaluate your strategy. Start there and evaluate if this is feasible to get where you need to be within a year.