If an individual is new to Wholesaling and had only $500 to utilize for marketing how would you suggest that money be spent?
I used this information a website called Property Mob
Bandit Signs $250
Vacant Houses _ driving for dollars and send postcards
Get a list of 20-25 people and use click2mail to send them a postcard $20
Buy High Equity Mailing list $250
You can get a list of about 500 names for $50 and send postcards to them spending around $200
I hope you can use this information.
Where are you getting your mailing lists from? ListSource?
I agree with bandit signs as well.
For an inexpensive marketing ideas you can create your own blog with a quality content. You may also join an affiliate program and build a free email list. Lastly, you may take advantage of social media sites like Facebook and Google’s free ad credits.
What about email and text campaigns or working with other wholesalers to help their inventory?
Word of mouth. Networking with divorce/probate attorneys. Tax advisors, local mailmen etc
Hi,
I agree with cleverpancakes, creating a blog with fresh and unique content is the best way to market real estate business. Social media is also a great platform to market the business.
Thanks!!
If your starting off with a budget of 500 I would avoid mailers they work best when you send out thousands. Having a well optimized website does wonders. Check out oncarrot.com. With a monthly fee of $99 plus they have a course you can take to learn how to do SEO by yourself without paying an SEO expert hundreds of dollars.
i’m a current oncarrot customer. it’s a great tool/resource. i think they may also have a cheaper monthly option as well. i’d agree that unless you have the ability to consistently hit the same people over and over again over several months with direct mailers, particularly in a competitive market, it isn’t the best use of dollars.
Some of the best and most cost effective marketing strategies are using digital (Social media, website, and online listings). Here is a blog with more info on different marketing strategies that you might find helpful
If you’re new to wholesaling and have just $500 for marketing, I’d recommend focusing on strategies that maximize your budget. Start by driving for dollars—identify distressed properties in your area and then use skip tracing services to find the owners’ contact information. You can allocate a portion of your budget to a basic skip tracing tool and another part to sending out personalized, hand-written letters or postcards to these property owners.
Additionally, consider using low-cost online marketing options. For example, you can use free or low-cost online platforms like Craigslist, Facebook Marketplace, or local real estate Facebook groups to post ads and reach potential sellers. These methods allow you to stretch your budget while building connections in the market. Check strategy , In Last 4 months back I get in touched with Through her Facebook ads.
Lastly, don’t underestimate the power of networking. Attend local real estate meetups or join online forums and groups related to real estate investing. Building relationships with other investors and real estate professionals can open doors to deals without requiring much upfront cash.