Are You Using Bandit Signs to Generate Motivated Seller Leads?

1 Comment »

Bandit signs could be a great way to get your phone ringing off the hook with motivated sellers. It was for me when I got started investing in real estate.

My mentor taught me early on that one of the most important parts of being a real estate investor was to get sellers contacting you to sell you their property.

So, I knew the next step was to put together a marketing plan.

Here’s what it looked like:

1) Get business cards made

2) Join local real estate investment association

3) Place “We Buy Houses” ad in local newspaper

4) Buy “We Buy Houses” bandit signs

5) Knock on doors of people facing foreclosure

We thought bandit signs were a good choice because they were relatively inexpensive and there didn’t seem to be too many other investors using them.

With my students, I typically recommend at least testing bandit signs when getting started. The barrier to entry is pretty low, like I just mentioned, and with any form of marketing, it’s all about testing. Even if there are tons of investors using them in your area, you may still want to test them.

I thought I would share some examples of bandit signs and tell you my thoughts on them . . .
(more…)

Tags: bandit sign, bandit signs, bandit signs for real estate investors, Marketing, real estate investing bandit signs, real estate investor marketing, real estate marketing
Posted in Marketing | 1 Comment »