Real Estate Investor Insider Secret #7: If At First You Don’t Succeed, Mail and Mail Your Postcard Again
On the surface of it, this may sound like a really stupid idea for any direct-marketing plan, especially for one that produced few results in real estate investing initially. But before you condemn me for obvious stupidity, let me clarify myself.
You’re probably thinking that if your direct-mail postcard campaign didn’t work initially, you may have done a few things wrong. And that’s all together possible. Let’s face it, no one performs without flaws the first time around.
But that doesn’t mean you throw everything out. Direct marketing is a complex business. And while I wish I could call it a science like chemistry it isn’t even close to that. If you put two molecules of hydrogen with one of oxygen, you’ll come up with water H20 – every time. Without fail.
Nope. Direct marketing just isn’t that precise. I suppose it’s more of an art, or a craft – or some of the very best marketers work on their hunches. Which won’t help you at all – especially if you’re in the “start up” phase of your business.
But there is one thing that every marketer knows as sure as he knows his own name: few buyers act on an offer (of anything!) with the first mailing. Oh, you’ll get a few people who’ll act the first time around, but more often than not they’re waiting.
Waiting for what, you ask. For any number of things. A person may receive your postcard and just not be “emotionally” ready to sell yet. Or he may be in the process of taking another route, so he’s waiting to see how that transaction is turning out.
Quite frankly, if he’s never heard of you or your firm before, he may just be wary of your intentions, your honesty and the risk involved.
The point is: don’t take a no response as a sign of your customer not being interested.
Of course, there may be other reasons why your mailing didn’t pull as you thought it should. And these very well may be associated with your headline . . . your message . . . or your list itself.
Now that I’ve totally confused you, you’re wondering exactly what you should be doing. Mail again. Make one simple change in your mailing – perhaps you’ve discovered you can write a stronger headline. Then do it. And mail it out again. Record the response you receive with this particular headline.
And don’t be afraid to mail these out to some of the same people. Many people may not buy the first time around because they’ve never heard of you. But if you consistently put your name in their mail box, then they’ll come to know you as that real estate investor. And then — merely because you have that sticking power – they may call you when all their ducks are lined up in a row and they believe you can help them.
Remember, the direct marketing gives you the chance to present your customers with the ultimate sales presentation. But you may have to show them – time and again – that your real estate investing is in it for the long haul. And that may mean mailing postcards – with modified messages if necessary – to them more than once.
By Mark Bradley
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October 12th, 2009 11:16 pm
It appears to be a brilliant idea. I will try it and give you my feedback.
October 13th, 2009 12:00 am
This stuff looks great! Looks like I’ve found a new source for my real estate investing education.
October 20th, 2009 5:25 am
i am planning to apply the idea you presented in your article. is it a misdemeanor if i just just a mail or send a postcard to a potential out of nowhere?
i will be grateful if you will answer my query. thanks!