Marketing Solution
Not Having a Marketing Strategy At All.
Just placing bandit signs in neighborhoods and intersections without
planning, testing and reviewing the quality response rate from your
signs is a sure recipe for failure.
Not Identifying Strategies That Work and Sticking With Them.
There are many ways to skin a cat. Some ways are better than others.
It is the lack of not knowing what works and not knowing what works
well that leads many astray and cost them a lot of money in the
process.
Not Staying Within a Budget and Wasting Your Money.
If you only have $10 or $100 per month or more that you can spend on
marketing then you need to stick to that amount and use strategies
that fit into your budget otherwise you might soon be distracted from
your real estate investment business by facing a cash crunch.
Having No Competitive Advantage Above Other Investors.
I have a personal bias towards attorneys and using free publicity as
my competitive edge. What is yours? If you don't know, develop one.
Not Being Persistent.
Sadly many quit with a huge database of leads they accumulated from
haphazard marketing efforts not realizing they have unrefined gold in
their hands. All it asks is some nourishment and follow up.
Following the Herd and Using the Same Marketing Strategies.
Ask yourself, with all the same strategies used by fellow investors in
your market, why would a seller call you ? If you can't answer this
then you need to think of a different strategy like marketing to
attorneys. When you market to attorneys there is no competition and no
negotiation. What I like about this approach is that the attorneys may
times would send pre-qualified leads your way which makes negotiations
much less stressful and complicated.
