06/17/2018
Always remember to calculate your potential return on investment before you invest in a direct mail or door hanger marketing campaign. We use 1% take rate as the litmus test. Something like this for the math: Send out 1,000 pieces, get 10 people who are "interested" and close half of them. So the question is then, if I make 5 sales, does it pay for the campaign? Even if you bump this number up to 2% or 3%... A lot of the times the answer will be no. Does this mean you should NOT do a campaign? Not necessarily. There are ways to mitigate this math issue. For example if you're doing a door hanger campaign, share the hanger. Give a non-competing local business one side. Chances are you don't need both sides. That cuts your cost to half. Want more info? Reach out to us.