I get a lot of leads from my marketing for leads out of my market. They are in towns 4-6 hours away so I do not want them but they could be excellent prospects for investors in those markets.
Suggestions on how to pass these on and make a small profit and/or referral fee?
4 to 6 hours away from where. A needle can be found in a haystack but you got to know what haystack to search
Good luck and thank you,
Ted P. Stokely Jr
You could sell the leads to investors in those other areas. I’ve seen leads sell for anywhere from $15 to $50 per lead.
Or, you could ask for a $500 referral fee from anyone who closes on a property because of your lead. The problem with that is you may never see your $500 and it’s very time consuming to follow up.
Or, you could give them away for free by networking with the investors in those other areas. The investors in the other areas probably get leads in your area from time to time.