Does Junk Mail Work?

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I have seen more than 100 posts asking questions about how to do mass mailings.  Often people seem to think it is all about picking the right color, right day of the week, right size, right postage, right nickname, right legal entity, right audience.

In the past 30 years the individual investors I know have bought thousands of properties.  None of them have found more than one or two from mass mailings.

Has anyone here personally had continuing success with sending mass mailers?