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Updated over 2 years ago on . Most recent reply

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14
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7
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Ben Jennings
  • Rental Property Investor
  • London, England
7
Votes |
14
Posts

Of Market Deals- how to generate leads

Ben Jennings
  • Rental Property Investor
  • London, England
Posted

Hey BP!

What are some of your favoured of market deal finder strategies and how do you create lists?

Most Popular Reply

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4,752
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4,036
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Jerryll Noorden
#2 Marketing Your Property Contributor
  • Flipper/Rehabber
  • Wilton, CT
4,036
Votes |
4,752
Posts
Jerryll Noorden
#2 Marketing Your Property Contributor
  • Flipper/Rehabber
  • Wilton, CT
Replied

All of you let me ask you something.

What is the conversion rate of cold calling? Direct mail marketing? And how many agents do you need to contact before getting one deal?

Agents? 

Do this. Figure out the number of people that contact an agent to sell their house. Then figure out the number of these people that want market value for their house.

A HUGE % of people listing with an agent want market value (that is WHY they go for an agent right?) That is WHY they get a whopping 5% to 6% commission to GET them market value for their house right?

Can you get lucky? Sure you can, but to tell people to do THAT to get motivated seller leads, is like saying dive in the deep blue see with a stick to catch swordfish. People it really is about time you all think. Why do SO FEW of you ACTUALLY think? In what parallel universe did  this advise make logical and common sense?! Seriously!

Now ...

Do you understand that your suces is based on your ability to find motivated seller leads, yet most of you are using strategies with a LESS THAN 3% success rate to find motivated sellers.

Can ANY of you dare to even ATTEMPT to explain the logic in this? I bet none of you can, can you.

Again.. You rely on strategies with less than a 3% success rarte to become succesful.

What do you think Nike does? How about toyota, how about Apple?

Lets find out...

Well what do you know. They do marketing like the grownups do. Facebook ads, and PPC.

They get a website and they market. I never gotten a directmail piece from Dell, have you? When was the last time Toyota cold called you and asked you :"Hey do you need to buy a car?". Not sure about you.. but I have not.

Gang.. THINK!!

How does cold calling and driving for dollars and... what ever POSSIBLY make any sense? Don't give me opinions. Come with data ACTUAL data.

You can not find motivated seller leads. There doesn't exist a way to find motivated sellers.

I REPEAT.

DOES NOT EXIST

Today they are not motivated and tomorrow they are. Nothing changed. They didn't suddenly got a tag in the public registry that says, "Jeramiah Poopenburger now is motivated".

The only way to find motivated sellers... is when they find YOU! They go to internet to get their problem solved. So THERE is where you need to be to get in front of motivated sellers.

Now all .. if you want to become successful you have GOT to NOT follow the herd. WHY would you follow the herd?

How may of you, in the herd, are successful? A SMALL number right? OK in other words, most people in the herd are miserable at this. OK So you consciously CHOOSE to do the EXACT same strategies the herd is doing, KNOWING these strategies SUCK, because the herd is struggling at it.  

So let me ask you again..

WNHY are you all cold calling? Driving for dollars, bandit signs, DMM?

Well because you don't have money right? You need to do the free stuff? NO you are LAZY!

Get a job. Go work at McD for a year. Save up $5K, and then come back and become successful by a plan, not by luck. You NEED money to invest, no matter what the gurus say. You NEED money for clothes, a car, an EMD, attorney, marketing, an LLC, registering your busines with the IRS. Anyone that says you don't need money, is selling you something!

Think, Conquer, Dominate!

  • Jerryll Noorden
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