EP 198: Direct Mail Masterclass #3 | The Best Direct Mail Lists and Strategies (that youâve never heard of) For Finding Motivated Sellers w/ Todd Swaggerty of Yellow Letter HQ
There is nothing more important to a direct mail campaign than good sales skills and good follow-up. Todd Swaggerty Direct Mail Masterclass #3 | The Best Direct Mail Lists & Strategies (that youâve never heard of) For Finding Motivated Sellers w/ Todd Swaggerty of Yellow Letter HQ Welcome to part 3 of our 4-part series on direct mail for real estate. In the last episode, we sat down with Todd Swaggerty of Yellow Letter HQ and we talked about how to get started with direct mail for real estate no matter what sized budget you are working with. We discussed what you should be mailing, how often, and what should be on your mail piece. Today, we are sitting down with Todd again to dive into lists and strategies for finding your ideal clients. We will share with you direct mail strategies youâve never heard of before. Ready? Letâs do this! Read the Full Show Notes Below… Deleted: You might be wondering why we are doing a whole series on direct mail when we are web guys at heart. The easy answer to this is momentum. Youâll want to focus on consistency and predictability in order to gain momentum within your business. The more marketing channels you can add, the more consistency you will create as other things ebb and flow. Direct mail marketing is proven to work. There is nobody more qualified than Todd Swaggerty to share insight into direct mail marketing for real estate. Who Are You Sending To? Direct Mail Lists The first thing youâll need to do when starting your direct mail lists campaign is determining who you should be mailing to. As we mentioned in the last episode, when you are first starting out, knowing where to look can feel like a challenge. Your sales skills may suck and instead of seeing things through, many investors end up giving up. Knowing who to mail to is a progression that can take a little time. You may start by driving for dollars, then branch out into niche lists. A few niche lists to focus on include evictions, probate, inter-family transfers, divorce, and tax-delinquent homeowners. People in these situations are more likely to want to sell their homes. List Source and PropStream are two great sources for data. Many investors will hire someone on Fiver or Upwork to do data scraping on their behalf. They should be looking for a full name along with the property address and mailing address. Youâll often find missing contact info when pulling data but donât let that frustrate you. Companies such as Melissa Data can help you append the correct information to your mailing list. Compiling this data, with niche lists acquired over time, can provide you with a mailing list with an incredibly high response rate. On the other hand, much of your competition may be taking the easier way out. Many investors find it easier to send out a broad mailing to a geographical area as opposed to the niche lists. This can be more cost-friendly upfront, but your response rate will be much lower. How Often Do You Follow-up and When? Not everyone is ready to sell the house the day they receive your first mail piece. However, several months down the road, they may be looking for a buyer. Keep in mind, some of your niche lists will have a shelf life. Youâll need to be intuitive keeping in mind it isnât practical to mail to people on a probate list or on a recently divorced list for more than a few months. On the other hand, … Continued