Wholesaling

Wholesaling

Rental Property Investor · Atlanta, GA · Member since 2015 · 45 posts · 16 votes

I have heard many dialogues that discuss the effectiveness of postcards, yellow letters, and bandit signs. 

A lot of people analyze their stance on these different tools to finding motivated sellers through the use of statistics and numbers. 

But generally, human psychology is left out of the conversation. Sure, these marketing techniques are easy to scale and easy to read. It's a numbers game right? 

But what is the most effective tool in regards to making the seller tick. Bringing the seller to make that phone call. 

How can you use psychology to your advantage when choosing the right marketing campaign. 

Does it vary by region? by sellers lists? or by any other variable?

(For example I have heard of someone posting a picture of themselves on the back of their postcards, slightly dressed down, with their dog and their family to point out that they are not a bank or some rich investor, but a nice guy down the street) 

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  • Jill DeWitPro Member
    Investor · Scottsdale AZ · Member since 2015 · 1k+ posts · 423 votes
    11y

    @Justin Hackney

    Great post! 

    This is something that is always on my mind. Having a great mailer + getting folks to reach out to YOU. 

    Two things that jump out to me that we have proven successful: 

    1) Personalize with seller's correct info

    2) Call to action (expiration date)

    No matter how wonderful the family looks in the picture, I can't get past the "dear homeowner" or whatever version of that is used. 

    Anyone else have great strategies?

    -- Jill

  • Rental Property Investor · Atlanta, GA · Member since 2015 · 45 posts · 16 votes
    11y

    Hey Jill, 

    Just curious, do you send out nothing but personalized letters? Is there a way you have systematized this so not to take up a ton of time? 

    And a call to action is a great idea. Bounded time always gets people in motion. 

    Another idea might be to discuss Ads. How do you develop an Ad that gets sellers to click? Any ideas? 

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