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Corrective Action Needed!
RE Report for 02-23-2016
It's been 3 weeks since my last report. I know, I shouldn't have neglected you.
The yellow letter campaign is generating consistent results. I get 1 call for every 12-15 letters I mail. So here is the current situation
::SYMPTOM:: These buyers are NOT motivated.
Most calls go something like this...
"Hi, this is Ben"
"Hi, Ben. I'm calling because your letter in the mail about buying 123 Main St. I haven'r really though about selling it but, for the right price, I would consider. How much will you pay?"
::SUSPECTED PROBLEM:: I'm targeting the wrong people.
I spent hundreds of dollars on a list of high equity properties and mailing campaign in a part of town that is largely above the median home price for Memphis.
::CORRECTIVE ACTION:: New list
I'll be purchasing a new list. This time, in an area large on rentals, just a bit below that median price for a home in Memphis. I'll specifically target absentee owners with at least 30% equity.
Over and out,
Ben
P.S. I got a very promising lead through one of my websites (Yes, I have a few). The deal ultimately didn't work out but this was EXACTLY the type of seller that I need. I'll be increasing my Google AdWords budget.
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