Effective Prospecting Farm marketing is focusing your cold advertising dollars on a select market segment. It can be a lucrative endeavor and can eventually transform into a solid warm (read referrals) market. Here are some tips on implementing a farm campaign successfully:
Targeting Your Farm Market The first step in farm marketing is to decide whom you want to target. To determine this, ask yourself if you are best suited to handle first-time homebuyers, newlyweds, or renters. Then ask yourself if a particular physical area works better than another for your business. Do you already have a lot of business in one area or would you prefer to market to the neighborhood you live in? Once you know who you want to market to, contactUnique, we can match the demographics you’ve chosen with a mailing list.
Determining Farm Size There are several considerations when determining how large a farm to market to. Of course, you will want to consider your income goal, and what percentage of that number you expect to be generated by your prospecting. But you will also want to consider the number of phone calls generated by farm marketing and how many of those your business system can handle in addition to your regular workload. Finally, keep your income goals reasonable. Remember it will take several years to build substantial income with this marketing method.
How Often to Mail Expert advice about how often to mail varies...“Don’t worry about sending too many cards. It’s not possible,” says Ralph Roberts of Realtormag.com, “The more you send, the more successful you’ll appear.” Authors of How to Farm Successfully - by Mail, Deborah Johnson & Steve Kennedy, suggest mailing to your farm market every four to six weeks. However often you decide to mail, the key to success is consistency.