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Updated almost 5 years ago on . Most recent reply
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Direct Mail Campaign
Hi all,
Been off this forum for a little, but been busy closing on a headache of a first deal. Took around 5 months all said and done, but I got it!
Eager to get another one under my belt, I was wondering if anyone has good suggestions for direct mail marketing companies/websites? I am local to Albany, NY. Not sure if there are local ones that anyone would recommend. Looking to start a good campaign to start bringing in more leads!
Thanks everyone! Look forward to the responses :)
Most Popular Reply
![Jerryll Noorden's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/428692/1621476210-avatar-jerryll.jpg?twic=v1/output=image/cover=128x128&v=2)
- Flipper/Rehabber
- Wilton, CT
- 4,036
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Listen up.
This is how you make money.
No matter what you do... DMM SEO, door knocking...
Most of you newbies.. (I honeslty think it is all of you newbies) are winging it. (Not your fault. you have plenty of people here that try to convince you DMM is the way to go... and who are you going to listen to? Of course people that seem to be making money right?) But seriously dudes and dudettes, you all need to STOP being sheep and start thinking on your own! Whether it is your fault their fault the dogs fault, by the end of the day YOU lost your money! You are miserable and struggling and YOU will never get to enjoys the pleasures of eating crablegs for breakfast, simply because you can!
THINK!
Before you run out and spend $3K because some bozo on here told you that DMM, CC, D4$ or etc. etc. works...
find out the Cost/deal.
ONLY after you have a very accurate number on the cost per deal, multiply this number by 1.7% - 2%. This what we engineers and scientists call a factor of safety. That is the amount of money you will spend to make one deal. NOT by luck, but by a calculated system.
NOTE: this doesn't mean you WILL get money in the end. You still need to have the smarts to actually close on the deal and follow it through till the end. But those with the smarts to close the deal, that is what it costs to get one deal.
Now suddenly, your chances of success have increased to 80%+
You know "exactly" how much it will cost you to get a deal. If the cost/deal is $3K for DMM, and you are hell bend on DMM, and you are going to spend $2K on it a month. FORGET IT! You will NEVER get a deal and every month you will be throwing away $2K.
Now, newbies, by a raise of hands, how many of you have been winging it?
How many of you just dove in and randomly selected a budget "because this is the money I can afford"?
You friggin do NOT, I repeat DO NOT invest an amount of money simply because this is the amount you have.
That is friggin ludicrous. Come now.
If you need $5K to make a deal and you have only $2K... get a job, make money safe up to your cost/deal.
If you want to know how to find your cost/deal the right way, just let me know.
- Jerryll Noorden
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