Uploaded on Jan 23, 2024
Are cold calls and direct mail still key in real estate? We're exploring whether these traditional lead generation methods still hold their ground in today's digital age.
Cold Calling and Direct Mail: Do They Still Work for Real Estate Leads?
Cold Calling
and Direct
Mail: Do
They Still
Work for Real
Estate Leads
Introduction:
In the real estate investing
industry, cold calling and
direct mail marketing are
two tactics that have been
around for a while.
Let's examine their
operation and whether
they continue to produce
results.
Source:
mckissock.com
Marketing by Direct Mail:
Sending letters or
postcards to prospective
sellers with an offer to buy
their property is known as
direct mail.
Typically, national data
providers sell lists of
possible sellers to
investors.
Source:
enterprise.spectrum.com
Direct mail offers of
potential sellers:
Direct mail offers investors
the benefit of being able to
reach a large number of
potential sellers with a
relatively small upfront
investment because it can
be done consistently and at
scale.
Source: linkedin.com
Real estate direct mail:
Real estate direct mail
campaigns can return 15%
to 17% on investment
(ROI) on average.
This approach is still
successful in spite of the
growth of digital
marketing.
Source:
dreamstime.com
Making cold calls:
Cold calling is contacting
possible sellers over the
phone without first
building a rapport with
them.
These vendors are referred
to as "cold leads."
Source:
mckissock.com
For sale by owner( FSBO):
When cold calling
homeowners who might
have their properties listed
for sale by owner (FSBO)
or if the phone number is
on the purchased list,
investors frequently use
this tactic.
Source:
salesbuzz.com
Maintaining consistency is
essential:
Even though cold calling
can be difficult and requires
accepting rejection, it's still
effective in 2023.
Maintaining consistency is
essential, even when facing
a lot of rejection.
Source:
salesbuzz.com
Calling (Cold Calling or Warm
Calling) Advantages:
Facilitates instantaneous
interaction and direct
communication.
Establishing a personal
connection with prospective
customers can foster
goodwill.
useful for follow-up calls or
warm leads.
Source: ocreative.com
Disadvantages of Calling
(Cold Calling or Warm
Calling):
People's dislike of
unsolicited calls may make
cold calling less effective.
It might take a lot of time
and have a high rejection
rate.
It is imperative to adhere to
telemarketing regulations.
Source: inc.com
Conclusion:
Cold calling and direct mail
can both be effective
marketing techniques for
real estate investors.
These techniques continue
to produce results and
assist investors in locating
off-market properties in
spite of technological
advancements.
Source:
pursuit.unimelb.edu.au
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