Back in 2010 and early 2011, we spent hundreds of dollars on bandit signs, and only got 1-5 calls per week. Now we are getting 5-10 calls PER DAY!
You're probably wondering what we changed. No, we aren't putting baskets of candy out by our signs. No, we haven't hired those eye-catching mascots to dance around our signs, although that is something to think about in the future. We only made a few MINOR changes that seemed to have made a MAJOR difference:
Old way:
- White bandit sign
- handwrite "CASH FOR HOMES, ANY CONDITION, 1 (800) ###-####"
- or "WE BUY HOUSES, CASH, ANY CONDITION, 1 (800) ###-####"
- Drop off on Fridays, pick up on Sundays
New way:
- YELLOW bandit sign
- handwrite "I BUY HOUSES, CASH, ANY CONDITION, 1 (800) ###-####"
- Drop off on Fridays, pick up HALF of the signs on Sunday, leave the rest out all week.
Leaving the signs out increases the risk of signs being taken, but the increase in leads we are getting on weekdays is absolutely worth it in my eyes. Every week we check to see where they are being taken and be sure not to put it in that spot anymore.
May 27th - 1 call
May 28th - 0 calls
May 29th - 0 calls
May 30th - 0 calls
May 31st - 0 calls
June 1st - 0 calls
June 2nd - 0 calls
June 3rd - 1 call <-- Day we put the new website up
June 4th - 3 calls
June 5th - 2 calls
June 6th - 9 calls <-- Day we put up the new signs
June 7th - 5 calls
June 8th - 5 calls
June 9th - 7 calls
I'm going to assume that the decrease in callers is due to some of our signs being taken, fine by me! This time we only put out 12 signs, we plan on putting up 25 next week.
Oh, and within the past 3 days we've got 6 potential deals in the mix. We should know next week if all 6 work out.
6 good leads in 3 days?! Pretty amazing!
If your signs aren't generating the leads you want then change up the wording, color, handwriting, layout, phone number, where you put them, and learn from trial and error!
Or... you can always hire a house-looking mascot to dance around your sign. That probably works too.
Dominic
Are you new? Check out my NEW and IMPROVED Guide for Beginners! http://deangraziosi.com/real-estate-forums/everything-else/128413/domini...
Great post. Thanks for that information, this will be very helpful for myself and I am sure many others also.
Thanks again
Curtis Fillers
(Charlotte,NC)
marketing info Dominic!
Although you're getting more calls, how do you have your 800# set up?
different extensions for different sales? (foreclosures, probate, etc?)
are people listening to the whole recording? how long is the recording?
Thanks for any info you can share with us!
Hey, had a thought, what if we used fluorescent orange, house-shaped hand written signs? I'm gonna try that when I get to that part in my SA material.
Mark K.
Life Disclaimer: Past Failures are NOT indicative of Future Results.
Real Estate Glossary - Click Here for PDF
View My Everyday Blog - Click Here
pay attention to WHEN the signs are being taken. If they're being taken during the week, make those the Sunday priority pickup ones.
Mark K.
Life Disclaimer: Past Failures are NOT indicative of Future Results.
Real Estate Glossary - Click Here for PDF
View My Everyday Blog - Click Here
Thanks Chris and Mark!
Our 1-800 number is setup just on the main line (no extensions right now). As just "Hi and thanks for calling, if you know your extension please dial it now, if not, please a detailed message after the tone." Blah blah blah. Something like that.
We had extensions in the past but didn't really get into them. I know they are probably useful but as of right now the general voicemail is working just fine. I think it's mostly because we are only doing one type of sign right now (to get sellers). So we don't really have to pin point which type of signs they are calling since they're all identical.
The recording is only about 30 seconds long and they usually listen to the whole thing. Some hang up at about 28 seconds because they don't want to leave a message, but we call them back anyways and see why they called
As for your orange house signs, I'm not sure, we never tried that but its worth a shot right? All I know is that the yellow standard signs with permanant marker writing are working best for us! I'm curious to hear how your orange signs work though. Let me know if you try it!
Dominic
Are you new? Check out my NEW and IMPROVED Guide for Beginners! http://deangraziosi.com/real-estate-forums/everything-else/128413/domini...
Edit: 2 calls so far today!
Dominic
Are you new? Check out my NEW and IMPROVED Guide for Beginners! http://deangraziosi.com/real-estate-forums/everything-else/128413/domini...
Hi, I checked out your new web site very nicely done, did you do that or is that a web site supplied to you by dean. Do you use COA for your 800#. Good job indeed..John
""Allways thinking outside the box""
www.beaver-creek-realty.com
that is what I call great marketing! keeping track of responses, make minor changes, keep track of new responses-bingo! you know what works!!
(I may try the dancing mascot sometime, just for fun! lol)
Thanks for sharing!
Wishing you many more calls!
Valerie
Valerie
“And will you succeed? Yes indeed, yes indeed! Ninety-eight and three-quarters percent guaranteed!” ― Dr. Seuss
"I believe in angels, the kind that heaven sends; I am surrounded by angels, but I call them friends" - Unknown
My journal: http://www.deangraziosi.com/real-estate-forums/investing-journals/59110/...
Thanks John and Valerie,
Most of the marketing credit goes to my partner Makeba! Shes the one doing all the work out in KC!
John, the website was actually built by me. I own a web hosting business, I can offer you the web hosting service, but unfortunately cant offer to build a website for anyone right now. I don't have time to create anyone a website because I'm focusing on REI and my full time job at this point. Although hosting doesnt take up any of my time so I can offer that if you need it!
And yes, we use COA for the 1-800. It's cheap and easy to use!
Update: 3rd call today just came in
Dominic
Are you new? Check out my NEW and IMPROVED Guide for Beginners! http://deangraziosi.com/real-estate-forums/everything-else/128413/domini...
now we are at 5 and viewing 2 today hope to have something under contract soon
When you say thank you, you are telling the world that you want more. Say thank you every day! It will bring joy, and it will bring so much more.
www.virtue-investments.com
How do you fund your deals?
mike
Also how much do you spend on your bandit signs,and what is the size?
mike
Dominic did you have to run a separate line for your 1 800 number?
Thank you
Can't score if you don't shoot the puck !
they signs we got where from signwarehouse.com We purchased 50 blank yellow plastic 18x24 and 50 H wire stakes. Our total with shipping was I think $123. Marker cost us $2.58.
The 800# is from COA but there are many different options for getting an 800# you don't have to go to them. We chose them for the versatility and from deans books.We also have several extensions set up but no one ever dials the extensions so we just dont use them any more unless we are selling a home for a 24 hour recording.
When you say thank you, you are telling the world that you want more. Say thank you every day! It will bring joy, and it will bring so much more.
www.virtue-investments.com
you two are doing great-what a team!
Wishing you even more success,
Valerie
Valerie
“And will you succeed? Yes indeed, yes indeed! Ninety-eight and three-quarters percent guaranteed!” ― Dr. Seuss
"I believe in angels, the kind that heaven sends; I am surrounded by angels, but I call them friends" - Unknown
My journal: http://www.deangraziosi.com/real-estate-forums/investing-journals/59110/...
Our total for the signs was $118 for 50 signs.
Signs: http://www.signwarehouse.com/p-SS-CP2418YL-50.html
Stakes: http://www.signwarehouse.com/p-SS-END-STAKE.html
1-800 Number: PM me your email, and I will send you the link.
Mike,
What do you mean by how do I fund my deals? I have cash saved, but use as little as I can. We are starting out by wholesaling, but if we decide to buy I will use cash or try to get hard or private money if needed.
Dominic
Are you new? Check out my NEW and IMPROVED Guide for Beginners! http://deangraziosi.com/real-estate-forums/everything-else/128413/domini...
Oh and the total for today was 7 callers
Dominic
Are you new? Check out my NEW and IMPROVED Guide for Beginners! http://deangraziosi.com/real-estate-forums/everything-else/128413/domini...
Thanks Dominic, you always share valuable stuff with us.
I was looking at your calls received and noticed that you have had a spike in calls after adding or updating the website, then more yet after updating your signs. Do you think the site is driving people to the 800# as well as the new bandit signs? I don't know how you have your site setup. I confess I still need to go look at it.
I am considering a website for collecting sellers property data, etc.. I just recorded 800# extensions for this purpose but it doesn't seem very practical compared to a website. You seem like you're probably tech savvy as well as marketing savvy. Do you have any recommendations on who I should use to build a free website for above stated purpose, oh and future websites will no doubt follow for buyers as well?
Thanks
Steve
"Do something you LOVE and you will never work another day in your life."
"Nothing can ever stop you without your permission."
"So long as you haven't quit, then you haven't lost."
As you guys know we have been updating and improving our bandit signs. This week we are doing something a little different. After watching some videos from the edge and listening to Matt on the webcast we decided to do a different placement system for our signs.
Instead of doing of focusing in one area we took 25 signs and picked our top 4 areas. We then placed them at the intersections closest to Walmart, Mcdonalds, and the popular gas station out here.
So far today we have had 7 calls. This is great for a Tuesday:)
We hope the information helps other DG members as well.
Feel free to post your progress on your bandit signs Happy hunting:)
When you say thank you, you are telling the world that you want more. Say thank you every day! It will bring joy, and it will bring so much more.
www.virtue-investments.com
what are the codes for bandit signs in your area?
Do you kind of mix them in with the garage sale and other signs?
Keep up the great work, you guys are rocking it!
Mark K.
Life Disclaimer: Past Failures are NOT indicative of Future Results.
Real Estate Glossary - Click Here for PDF
View My Everyday Blog - Click Here
Makeba,
I am so impressed by your enthusiasm! Love to hear about your new strategy for your bandit signs, and the results already!!
Success is just around the corner!!
Keep it up!
Valerie
Valerie
“And will you succeed? Yes indeed, yes indeed! Ninety-eight and three-quarters percent guaranteed!” ― Dr. Seuss
"I believe in angels, the kind that heaven sends; I am surrounded by angels, but I call them friends" - Unknown
My journal: http://www.deangraziosi.com/real-estate-forums/investing-journals/59110/...
Do you kind of mix them in with the garage sale and other signs?
Keep up the great work, you guys are rocking it!
When we first started putting out signs we were putting them up on poles. This is when we got lots of calls from the city. When we attended the Edge event I asked Matt Larson about this and he suggested we just put them in the ground instead.
We have been doing that ever since and have not gotten one call from the city:) Small Change with a great result:)
We put them up even if there are other signs there as well. I asked Matt about that and he said that our signs would stand out more because the others really weren't doing the same kind of sign. He was right, they don't use the same size or color and I have yet to see any hand written signs. The only hand written ones I have seen were for Mattress lol which are all over the place here.
When you say thank you, you are telling the world that you want more. Say thank you every day! It will bring joy, and it will bring so much more.
www.virtue-investments.com
I am so impressed by your enthusiasm! Love to hear about your new strategy for your bandit signs, and the results already!!
Success is just around the corner!!
Keep it up!
Valerie
Thank you so much Valerie:) And your right Success is just around the corner:) We are going there together:)
When you say thank you, you are telling the world that you want more. Say thank you every day! It will bring joy, and it will bring so much more.
www.virtue-investments.com
I have used Bandit Signs a few times, but haven't had that kind of success. I have a few more in inventory. When those are gone I will try the yellow signs and hand write the info. It's amazing what little tweaks can do for people.
Maybe I missed it, but when people call on your signs, do you ask where they saw the sign and track that information?
Yes we do this helps us to know where we are getting our calls from
When you say thank you, you are telling the world that you want more. Say thank you every day! It will bring joy, and it will bring so much more.
www.virtue-investments.com
Good Morning!
Where can we get the details on COA???
Thanks!
Ron and Ingrid
"I'm discovering the best way to predict our future is to create it!"
Hello Ron and Ingrid,
We used the one recommended in Deans book. I belive this is the website http://www.coasecure.com/
When you say thank you, you are telling the world that you want more. Say thank you every day! It will bring joy, and it will bring so much more.
www.virtue-investments.com
Way to go!
Great that you're keeping track of things, it will let you know what works and or works better!
Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools
Thank You Makeba!
Ron and Ingrid
"I'm discovering the best way to predict our future is to create it!"