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Updated over 3 years ago,
Best List & Marketing Methods for Wholesaling
Hi everyone, I have a 2 part question here. First, what are the best (and worst) lists to buy/market to? I used propstream to buy 3k vacant single familes/townhomes with 30% equity and a few years ownership. These have to be some of the most oversaturated people on earth. Folks constantly telling me that they get 10 calls from guys just like me per week. Im having trouble seeing how they will say yes to me when theyve said no to 200 wholesalers before me. Then again, that must just be the nature of this business because any list that is bought and not custom built (such as d4d for example) must be equally saturated. Someone please let me know if im wrong on this. If its true that its just the nature of this business, is the only answer to scale up? to buy so much data that eventually you get a deal even if its a percent of a percent of a percent of all the people youre marketing to?
The second question i have for this post is, what is the most effective/efficient method to market once you have a list? Lets assume im a one man operation and i cant have 10+ employees cold calling for me in an office for 40 hours per week. If im going to use cold calling it would just be me. Is cold calling better than sending postcards or is it the other way around or is it necessary for me to use both methods for the same lists at the same time? Ive seen people on here say that if you want to get a deal on even a semi regular basis you basically have to spend 5-10k regularly on data and marketing which does make sense but it is a bit disheartening. For a newbie with limited resources, what are the bests lists and the best way to get a deal out of them?
thank you
thanks