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Updated about 7 years ago on . Most recent reply
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Bandit Sign Marketing Results
Yesterday (5/31/15), I woke up at 5 am to go put out my first batch of bandit signs. From 6:30 to 9:00, I put out about 25-30 signs. At 10:03, I got my first lead - a guy needing to sell about 20 houses.
So far, since putting out the signs yesterday, I've gotten one text (the guy with 20 houses) & five calls.
Out of six responses, two are no deals: 1) caller wanted to sell a 963sqft house but they're building another house right behind it on the same land/parcel & 2). caller has a mobile home he wants to get rid of but buyer will still have to pay lot rent.
The caller with the mobile home is a contractor though. He has 25 years in construction & does quick repair estimates for another female investor here in town. He agreed to help me out with that also. So I saved his contact info for future use. :)
So that leaves four good leads - all who understand I don't pay retail but still want to sell.
I'm pretty excited about the response from "bandit signs," which are actually just yard signs in my city; they're legal.
I posted this because lately I've noticed more generally negative opinions on bandit signs and their effectiveness. What better way to find out if they work than to try it myself?
So far, so good.
I'll document responses, leads and deals in this thread. Wish me luck! :)
Most Popular Reply
@Nikki Robinson Just to give you an update on my direct mail campaign in SoCal. I got two calls today. One was a hangup but the other was a gentleman that owns several rental properties and is looking to sell some for the cash. I stumbled through some questions to get more info and found out that there are two properties on the lot each 2/1 and 780 sqft. He made a guess that they were worth $450K but when I contacted my realtor, he found the area has 2/1 properties valued at mid to low 300s. The good news is that if he wants 450 for BOTH then we may be talking...I will know more after I follow up tomorrow. Both properties are rented and have been for years "according to the owner". We shall see what happens, but already liking the direct mail route better than the bandit signs in this area.