Sorry for the tease people, I am just in that sort of mood. I can’t report any results just yet as it’s too early, but the last round of colored envelopes are going out today. In total I sent out about 200 direct mail letters in this test. We have definitely gotten some responses but it won’t be for a few weeks until I can more accurately determine how well they pulled. Next week I will have preliminary figures to report for sure.
To be honest, I can’t see anyone not opening these envelopes and at least reading the letter. They look so personable and are with out a doubt different then the average junk mail we all get. What I’m getting at is once you get them to open your letter, the letter needs to convince them to respond.
Right now, my letter is very simple and straight forward. To paraphrase, I tell them I’m looking for houses in their area and was wondering if they would be interested in selling theirs. It seems to be effective with a response rate of about 10%. Most of these responders are not very motivated and include people who are…
- Requesting to be taken off my mailing list
- Not interested in selling their house
- Want market value
- Are Realtors calling for the home owner
- People asking how you got their information