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Updated almost 7 years ago on . Most recent reply
![Liam Hanson's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/962138/1694901831-avatar-liamh5.jpg?twic=v1/output=image/cover=128x128&v=2)
BEST Lead strategies for 2018?
What is your bread and butter go-to strategy for consistent lead generation? What have you tried that was a waste of money and didn't work at all, and what has been the best source? I'm trying quite a few strategies as a newer investor and still haven't found a great source. I'd love to hear what other people have to say. Please add the details if possible!
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![Angel-Ty L.'s profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/822659/1640063196-avatar-angelty.jpg?twic=v1/output=image/crop=1021x1021@202x309/cover=128x128&v=2)
Hi @Liam Hanson
I stand behind paid traffic as being one of the best ways to generate consistent leads. With paid traffic you can target almost everybody in your market, being that Google is the #1 most used search engine and Facebook ranking #1 for the most used social media platform. Both Google and Facebook offer a paid advertising platform where you will be able to target people based on their age, demographics, language, interest behaviors, etc... Meaning you can target people with ads that have had a "divorce", Are "likely to move", "homeowners", live within a 10-mile radius of your property, takes interest in modern style homes, etc... With that said, paid traffic is one the most effective forms of marketing to bring in leads on consistent bases. Now with other traditional forms of marketing, they are all good but It really depends on your market. For example you can expect the majority of your mailers to mostly end up in the garbage in a hot market, your bandit signs to be taken down every week and you have to pay a fine because it's not allowed in your market, and driving for dollars just isn't a scalable way to find leads. Now I'm not discrediting those forms of marketing like I said it really depends on your market, but its time to find a way more effective way to find quality leads
The two best platforms to advertise on right now is Facebook ads and Google AdWords. However, with paid traffic, I can promise you that you will NOT see any returns if you don't put any time and effort into your campaign. I am not saying you have to work on your campaigns 24/7 365 like your life depended on it, but you need to be tracking what works constantly, testing a lot, and optimizing every aspect of your funnel. if you won't take the time to learn at least the basics then please just delegate it somebody more qualified.
The main goal of your campaigns is to generate qualified leads that turn into deals online. the best way to do this would be to run ads through a funnel.
Here's a really good funnel using Facebook ads, it is beginner friendly and proven to work...
Start with creating a campaign with the "engagement" objective. At the ad set level, you're going to want to be targeting a broad audience. When targeting use the demographics and behaviors of your target audience (i.e. likely to move, divorced, homeowner, etc...). Keep in mind the whole point of this campaign is to find qualified seller leads. As for the ad, you're going to want to do video. It has the most engagement among its counterparts, and you are going to be able to retarget those who watched a certain percentage of the video, which I will discuss later in the post. Remember it takes on average 7 interaction with a product or service for a user to take action. For that reason, this video is to educate the user, your video should be no longer than a minute long. you want to make sure you effectively hook them in the first 5-10 seconds of the video. In the ad, you're going to want to identify their problem, provide the solution, explain benefits, and then close out with a call to action. Usually, the CTA would be to direct the user to a landing page (THAT CONVERTS) where they can fill out a pre-qualifying form. you want to make sure you also have a "thank you" page that the user gets brought to after filling out the form. Be sure to have your Facebook pixel installed on to your landing page and "thank you" page. Refer to my post here to learn how to create a killer ad. I will mention in a later post on what your landing page and thank you page should have, for now just do some researching on google.
Optimize, optimize, optimize... I cannot say this enough. Even the majority of professional account managers will not have a winning ad first time around. For this reason, split testing is a must. When split testing make sure to only change one variable at a time, otherwise you wouldn't really know what works and what doesn't. Once you get your first ad running DO NOT touch it for at least a week. Way too many times do people try to change something in their ad. Facebook is optimizing it and you will be just messing it up by changing anything.
Now here is where it gets fun, create another campaign with the objective being "traffic". the purpose of this campaign is to retarget the people who watched a majority of the video(around 95%). You can do this by creating a custom audience from the people that viewed your ad. Create a video ad that focuses more on getting them to your landing page where they will fill out the pre-qualifying form.
For the last part of the funnel, you're going to create another campaign set to the "conversion" objective. This campaign is to target those who have visited your site but didn't fill out the form. Make sure to create a custom conversion for when your leads hit the "thank you" page. The ad for this campaign should be another video ad. In the ad make sure to make a very strong call to action. You want these potential leads to go back to your site and fill out the form.
Now, remember you need to optimize the funnel over time. You can play around with this funnel and tailor it to your liking. Maybe you want to try messenger marketing or use a lookalike audience. Get creative with your marketing. Make sure you are rotating your ads out after a while. It's a good practice so people don't get tired of seeing your ad. Recommend ad spend of $1000 a month if you're truly serious about marketing online. once your system is highly optimized you will start seeing really tremendous ROIs on your ad spend. Just remember to plan your marketing strategy accordingly. DO NOT just go into it blind with no proper planning.
I have a background running paid traffic so any questions or concerns you may have I would be more than happy to answer.
-Angel-Ty Lebron