It has been awhile but if I remember right I didn't get anything off of the first one but it was probably some stupid recipe mailer and I do remember that I put a business card inside (which I no longer do) and "Introduced" myself. My second year I started with market statistics and a short article of interest ( I live in a vacation/lake area)and it started picking up in the second year.
In my 3rd year I made up a "coupon" for a free market analysis and sent this out for 3 quarters and got absolutely slammed with doing free CMA's...got quite a few listings but ran myself ragged. I don't send CMA coupons anymore.
Sellers seem to like the market stats and I get lots of calls from them after each mailer even though they don't list...but then again I don't want them all...just 3-4 each quarter.
If you are looking for the most immediate response I would try the "Free Market Analysis" coupon. I think Linden Moe will agree that sellers like free stuff and he seems to do well with getting listings.
another thing...the first time I offered the free Market Analysis I had a general farm area but just blanket mailed to the area....got CMA requests for mobile homes, vacant land, and off water homes. I refined/researched my farm now to include only residential waterfront homes as this is my primary target market.
excellent tips ij here..
just to further break it down..
I only target newsletters..like to waterfront condo owners who owned 3-5 years..
I only do it to generate leads-NOT BRANDING-
Make an offer..
Never call it a market analysis..
Make it sound sexy..
Get Your Free Home Equity Diagnostic
Find Out What Homes Down The Strreeet Are Selling For In Todays Market..
Find Out The Exact Worth Of Your Home In Todays Economy
Sweeten the deal..
First 10 sellers to respond get
3 Dangerous trend affecting area homeowners
7 deadly mistakes when selling in todays market
use a 1800 number
use a landing page..
I usually use direct response postcards to call them out..
so I send 1000 postcards..
if 20 responses I put the 20 on my newsletter- not the 1000
1000 postcards $350
1000 newslwtters is almost $1000
so I want to be selective