Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Marketing Your Property
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 13 years ago on . Most recent reply

Account Closed
  • Investor
  • Central Valley, CA
3,729
Votes |
6,037
Posts

Direct Mail Saturation Strategy

Account Closed
  • Investor
  • Central Valley, CA
Posted

I spend a lot of time sorting and analyzing my farm data in order to target motivated sellers. One reason is to control marketing costs. The other is so to make sure the right message gets to the right target.

I'm wondering about replacing the targeting with saturation instead. I have a new farm with 10K SFHs. For the sake of discussion, let's say I don't eliminate any addresses except corp owned, very highly valued props, and props purchased within the last 2 years. Say I end up with 8K SFHs. If I hit each address three times a year and my piece costs $.50, I'd be spending $12K on marketing for a year for this farm. I don't have to do but one deal to make it pay for itself.

There's a ton of waste in there because it includes all owner occupant and owners with no known distress. That being said it saves a ton a time on the lead sort and analysis. It also takes out the subjective nature of the sort. Currently, I don't send to most owner occupants unless I determine a possible motivation. So the owner occupant with a distress or motivation that I can't determine from data doesn't hear from me.

Thoughts?

Most Popular Reply

User Stats

789
Posts
403
Votes
John Jackson
  • Investor
  • North Richland Hills, TX
403
Votes |
789
Posts
John Jackson
  • Investor
  • North Richland Hills, TX
Replied

The marketing I do is actually very simple, but...I've done it for so long that...I don't even think about it.
The biggest number of questions I get involves the marketing.
Can I get a copy of your brochure?
How do you market to MLS properties?
How do you work with agents?
Although it's outrageously simple, it actually goes beyond the scope of a simple reply on a forum.
I don't know if I'm allowed to do this, but I will put together a video of how I work with agents and I'll figure out a way to send you a link to it.

Loading replies...