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Rich, yes … bandit signs do work, and there are lots of sign-maker-sellers around the country, and various websites recommending them to the real estate investor community. At the same time, you need to know what you’re up against. Besides various city ordinances, city employees making the rounds to pick up such signs, fines of various amounts depending on local politics (some that can really hurt), there are some obsessive individuals and organizations (some nationwide) devoted to making bandit signs as short-lived and unprofitable as possible. This article from the Houston Chronicle is just one mere example:http://www.chron.com/news/article/Deleting-signs-an-addiction-for-bandit-2010196.php
In some cities, if the fines are stiff enough, the local LEOs will run a sting operation. One of them pretending to be a civilian to you will call your phone number, try to set up a time and place to meet, and you can figure out the rest. I once had a partner I was helping put out signs, and the local pressure was such that the phone number on the signs went to a VOIP number that could not be traced to a physical address. You get the idea.
There are some bandit sign users who are convinced they can outwork the sign grabbers. I’m not telling you what choice to make, but just describing what you’d be up against. Compare the bandit sign costs, effort levels, and risks versus the various online approaches, etc.
Good luck with whatever choices you make.
–Dee
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Rich,
Another thing that you need to realize is that you’re taking a shotgun approach you’re going to attract all kinds of sellers most of which are not going to be motivated most of which would just be wasting your time on unless you can funnel those into a broker and get a or if you are an agent get those listings I would like to spend my time money in effort anymore rifle like approach. I like to go after making housesBandit signs will get your phone to ring BUT, most of the callers will be people who want full price and all cash. Rarely will you be able to make a deal with them. They are TIME WASTERS. It is much better to do more targeted marketing to get the exact kind of leads you want and need to be talking to.
Internet marketing, with a good website and social media, allows you put your message out for very little expense then get the kind of leads you want to get.
Targeted Direct Mail also allows you to send your message to the exact kind of home owner you want to reach with the exact message you want them to see.
I also recommend having magnet signs on your car. It’s like a moving billboard to get your message all over town. And you don’t have to worry about sign cops and fines.
It’s far more than credibility. You will get 3 sites. One a credibility site. Two a cash buyers site were you can drive investors to you. Lastly three a motivated sellers sights if optimized correct for maximum SEO a Facebook strategy and Google AdWords strategy you will drive huge traffic of motivated sellers to you. Takes some money but more important determination and commitment.
Hey Don,
If I can use other marketing methods successfully, I will avoid using bandit signs.
I watched a webinar from investor carrot yesterday. I saw your post about it and thinking about using them. Trevor is a fast talker. Also looks like $1,000 for the package. With all the BS on the internet, I’m skeptical about everything, maybe a little paranoid :). I’m going to do some more research before I jump in.
Like I told Jackie, I’ve done some good sized deals, but nothing to do with the type of deals we are looking at here, so I’m somewhat of a newbie. I made a lot of money on a C3 land deal in San Antonio, a preconstruction deal on a luxury oceanfront condo in Hallandale Beach FL, and a single family house in Port St. Lucie FL. These deals were simply buy low, sell high when the market was trending. I also got hammered on a couple of deals when the market crashed around 2007-2008..
Rich, I caught that Trevor Mauch / Investor Carrot 2 & 3/4 hour presentation on Thursday as well. He was speaking at 120 mph racing speeds for a 45 mph learning mode audience. So I “think” his $149/mo rate kicks in after the 6 months of his $997 training (or $200/mo if one doesn’t get in early), but it might be wise to confirm that kick-in schedule. He was going way too fast to take useful notes, and his ability to string multiple sentences together without taking a breath doesn’t leave anyone time to solidify what he was saying into even short term memory. So round that $149/mo to $150 to make the mental math quick and easy, You get to compare $1800/year (for $150/mo) to $2400/year (for $200/mo rate) for budgeting projections. (I’ve always suspected that the longtime retail practice of shaving a few pennies off of the round numbers was partly to discourage shoppers from doing quick mental arithmetic to learn the true impact of multiple purchases.)Some of his training will be very time sensitive. For example, his social media training will have to be updated every few months, as fast as that world changes. I did not hear him say whether once that initial 6 months has passed, members got continuing access to training updates as long as they continue with the monthly payment. I suspect the answer is yes, but it is worth confirming.
He also made it clear that for some people, not ALL of the marketing methods in his training might be a good fit, depending on what kinds of marketing methods are a good fit for you. And that’s being realistic.
–Dee
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Hi Dee- Not only was he talking a mile a minute, but the writing on the screens was too small for me to read. If it wasn’t for the fact that Jackie & Don are highly recommending it, I probably would have passed on it based on the webinar presentation. Also didn’t like the high pressure tactics where if you don’t do it right away, the price could go up. I hate that shit. Nevertheless, I am leaning towards pulling the trigger, but I will do some more research this weekend before I do anything.
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Rich, you must have not gotten in on the early conflicting start times. I like to check on the presentation link some hours before — in order to run the occasional systems check. Even though my browser is one of the some 17 (or maybe more by now) Chromium code spinoffs, sometimes there is still a software conflict where not all of the presentation features even work. So while doing that check about 1:30pm Central Time (with the alleged start time being 4pm CT), the as yet inactive presentation page has an active timer showing that the presentation would begin at 2pm CT. Oops!!! Huge conflict. So I had to decide. Was the 2pmCT timer correct, or was the original email with 5pm ET (aka 4pm CT) start time correct. So I had to plan on the possibility that the 2pm CT might be the real start time.While waiting to find that out, I checked other email and found a reminder email from Trevor Mauch that was headlined “30 Minutes to Go” — and Gmail had time-stamped that email as 1:30pm. Now sometimes (not always) there is an hour difference from Central Time and Gmail’s real time. So allowing for that time difference, it looked as though Trevor’s software-driven reminder was keyed to agreeing with the timer that would zero out at 2pm CT. Oh, boy!
So I stuck around to see if 2pm CT was the real start time. It wasn’t…. But with two different indicators for a false start time, Trevor was really doing a good job of wiping out my entire afternoon. Then when the real start time began at 4pm CT, there was NO COURTESY ANNOUNCEMENT (just as there had not been in any of the promotion or registration emails) as to how long Trevor’s presentation would last. So if I had had something else scheduled at 6pm CT, the conflict is obvious. Trevor’s marathon ran from 4pm CT until a quarter of 7pm CT. A rare length, but I’ve seen it before. Sheesh!
Yes, I suffered through his many screenshots with too small, too out of focus screen fonts. (My monitor is a very average 23″ diagonal — not a mega monster) I guess the idea was to take his word on what that small fuzzy text was saying. It did get better toward the end for text that he clearly had to create and key in. All of that was readable.
He did say early on that he had not done such a presentation for about a year, and hinted that he was a little out of practice with GoToMeeting command software. I believe him. He did have the presentation formula down pat , with the obligatory testimonials, the guru trained price point of $997, and the artificial scarcity pitch for “fast action takers.” At least he gave the attendees time through Sunday evening to research and make a decision on his package offering. Sometimes I’ve seen offers that went away at webinar’s end — which I despise — that leaves zero time to do any background checking, or to move funds around to pay the bill, or to check on other possible conflicts.
Having not gone through his training videos, I can only hope that they are better presented for his audience of learners, who would be badly served by more high speed marathon madness. Perhaps some here on CFD who have been through his training can comment on its quality. I know there are some who are delighted with their results from Investor Carrot.
–Dee
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