How big does my list of people i have to market to have to be in order for it to be highly favorable that i will have a deal out of that? 5k? 10k? 20k? what are the most prospects you have ran through before getting a deal? should i expect a deal out of every 2 thousand prospects? 5 thousand? 7 thousand? thanks!
Flipper/Rehabber · Memphis, TN · Member since 2008 · 5k+ posts · 2k+ votes
5y
I wish there was an easy answer. I have sent out 5K direct mail postcards before and only received 14 calls and none of them were a deal and I have sent out 1,500 before and got 3 deals.
Investor · Tampa, FL · Member since 2011 · 2k+ posts · 3k+ votes
5y
So many variables effect this. How saturated your market it, what your mailing piece says, and where you're getting your list from to name a few. As a very general rule, you're better off mailing to 1,000 people 5 times than mailing 5,000 at once.
So many variables effect this. How saturated your market it, what your mailing piece says, and where you're getting your list from to name a few. As a very general rule, you're better off mailing to 1,000 people 5 times than mailing 5,000 at once.
thanks for your response! what company do you use for your mailings?
Financial Advisor · Portland, OR · Member since 2021 · 45 posts · 21 votes
5y
@Danny Leyva Who would you send a deal to? Someone who sent you a few bland letters, or someone who tries to get to know you and connects you with other resources? Deals come from specific networking, being a friendly and inviting person, and sending deals to other people. You can also sign up to a network in your area by going to investor meetups, or create it if it doesn't exist.