One of the ways I market for sellers is to put out bandit signs. It’s not a large campaign by any means, just 25 signs every couple of weekends. I like the idea of bandit signs because lots of potential sellers are seeing your signs. Unlike direct mail where one letter will be seen by only one potential seller, one bandit sign could be seen by hundreds of potential sellers.
However, there are many things I don’t like about bandit signs. One of these things came to fruition late last week when I got this voicemail message…[audio:http://strugglinginvestor.com/wp-content/uploads/2011/07/Banit-Signs-Police.mp3|titles=Banit Signs – Police]
I’m a person who follows rules and laws. I don’t like the constant worrying and stress the comes along with the thought of getting fined or worse. Depending on the town, this fine could be thousands of dollars. Sure, most investors who put out bandit signs don’t ever get fined, or just include it in there “Cost of doing business.” I don’t like that idea.
In any event, My partner and I spent a couple of hours last Thursday and Friday trying to remember where we put our signs up so we could take them down. This wouldn’t have been so hard if we had just put the signs up last weekend, these signs went up over a month ago! We found 4 signs and assumed the rest of them had been pulled down some time ago.
My signs had a not easily traceable toll free number on them, but I’m sure they could find me if the police looked hard enough. In all likely hood a cop would not waste his/her time for a few signs, even so I wasn’t going to take the chance and decided to yank my signs down in that town.
Has anyone gotten fined for having bandit signs up? if so how much?