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Updated about 6 years ago on . Most recent reply
Wholesale Marketing Technique (Rank order of effectiveness)
Hi everyone,
I am narrowing down my ways that I wanted to get started in real estate investing. I started thinking about a week ago that a potentially good way to get going is by finding great deals and and selling them to other investors so I can build capital, build a network and learn how to find deals like a BOSS. Strange language aside; I am reading Brandon Turner's no money down book and he presents multiple marketing techniques. Can you guys rank order the best methods or even just tell me the top 3 ways(or combinations of strategies) and if you're really an A+ student; the $$ cost of the methods as well?
1) Driving for Dollas
2) Direct Mail
3) Website SEO
4) Online Marketing -->Pay per click ads on websites,google,facebook,etc
5) Signs -->Apparently bad but what about billboards?
6) MLS
7) Craigslist
8) FSBO
9) Empowering Others ---Get me some Bird Doggays!
Again you don't have to rank them all but a good top few or a comment on which technique not to use is much appreciated.
Most Popular Reply
If you're an A+ student, I'd recommend a couple of things
1) Put together a solid list by doing some D4D
2) Use direct mail to target that list
3) Practice talking to sellers by calling FSBO and start practicing how to talk to sellers. You need to learn how to listen for DMF, build rapport, overcome objections, and how to effectively take notes.
Also, you should be communicating to everyone in your life your intentions. When someone asks you, "how are you doing?" don't waste the time saying "fine thanks you" say "I'm doing well, been searching for a 3/1 home in X neighborhood" or whatever your criteria is. You can test different ways of marketing but at some point you will need to focus and master the way that works the best for you.
If you want help with direct mail, a game plan, script, etc feel free to holler.
Best of luck.