Jonathan RexfordFL 8 Report post Posted December 28, 2009 Cold Calling As much as I HATE cold calling I was wondering if anyone has paid someone to call and fill out a Property Info Sheet? If so what was the rate you paid? How did you pay? Here are my thoughts: Give my caller a special link to cold call sellers and FRBO’s Pay $3.00 per entry to website Pay via Paypal Am I too cheap? Am I too expensive? Share this post Link to post Share on other sites
Jason (AL) 1 Report post Posted December 28, 2009 Here are my thoughts: Give my caller a special link to cold call sellers and FRBO’s Pay $3.00 per entry to website Pay via PaypalDo you have access to multiple lines from 1 phone?Something like Skype, RingCentral, etc. etc.?If so, you could let them use an additional line fromone of those. That way, you can track all the #s dialed and,perhaps, see how long each call was (to prove they weren't just dialing #s). I've never paid anyone to cold call for me, but delegating itout to someone else is something worth doing.I'm not the biggest fan of it myself, but it's notso bad after a few margaritas. However, my closingratio decreases as my consumption increases. Any advice? Share this post Link to post Share on other sites
Jonathan RexfordFL 8 Report post Posted December 28, 2009 I have a seller questionair that is to be filled out so I will capture all the information. They will basically be entering it online as they call. They basically go to this website http://jonbuyahome.com/WeBuyHouses.cfm and key in the information. I have skype, google voice and a few other numbers out there. But I just want to keep it simple. They see a number they call they enter into my website then I pay. Do you think I am asking too much? Share this post Link to post Share on other sites
Doug Pretorius (ON) 9 Report post Posted December 28, 2009 I'll make those 5 minute cold calls for you for $3 a pop, Jon Share this post Link to post Share on other sites
MichaelC 160 Report post Posted December 28, 2009 Do you think I am asking too much?No. I think you're paying too much. Are you saying you're willing to pay $3 per call? That will add up fast, and who knows what the results will be. I suggest you pay less upfront and offer some sort of bonus for any deal that comes from those calls. Share this post Link to post Share on other sites
Jonathan RexfordFL 8 Report post Posted December 29, 2009 No I mean $3-5.00 per Property Profile sheet filled out on my website. There are like 45 questions. if they make a call and they say bug off then I won't pay for that. It has to be a lead to come to my website. Share this post Link to post Share on other sites
MichaelC 160 Report post Posted December 29, 2009 Ahh. . .that seems more logical. I'd still toss in some sort of incentive on any deals you get from the caller's efforts. Share this post Link to post Share on other sites
Jonathan RexfordFL 8 Report post Posted December 29, 2009 Yeah that is a good idea. Share this post Link to post Share on other sites
Adam King (MI) 1 Report post Posted January 1, 2010 John,Back in the day when I was really going after the deals this way, I had two home run approaches. One, I had my secretary make the calls during her off time. I told her if she landed a deal then I would pay her $100. This was during her normal hourly rate for her normal jobs/tasks so if she didn't get a lot of deals she still got paid. But for $12 per hour and nothing more. She crushed it. Also, I only had her ask "5" questions to simply locate motivation and the availability to do terms. All I needed was a motivated seller and the right numbers and I was good for 9 out of 10 in getting them under contract. I didn't want her screwing up my negotiating room by asking too many questions and starting to sound like she was trying to sell something. That was my job. The second thing, which is the most effective and costly was "we buy houses" signs. Since I was mainly doing CAs, I simply called them and asked them to give me their dead deals. I would pay them a referral and teach them so we could do more deals together. Over the years I had people tell me they tried that and that they were worried about other investors stealing their ideas etc. I had never found that to be the case even once in over 200+ deals. Hope that helps,Adam Share this post Link to post Share on other sites
Jonathan RexfordFL 8 Report post Posted January 1, 2010 Great feedback all. Just for clarification. CA's, RTO is probably the last ways I would buy a home. It is just a tool. Lead generation is what I am trying to achieve. Share this post Link to post Share on other sites
Guest jvmccall Report post Posted January 5, 2010 Adam, I love your posts. Thanks for sharing your golden nuggets. I just decided today to have one of my assistants start making cold calls. I was going to pay her $500 per deal, but that would be after I make my money, so she would have to wait till I sold the house. What were the 5 questions you had her ask? And finally, would you normally go meet the seller in person, or would you close most of these deals on the phone? Right now, I get most of my deals over the phone but I think I would have more success if I met them in person. Thanks! Share this post Link to post Share on other sites
Adam King (MI) 1 Report post Posted January 5, 2010 Thanks for the kind words.And yes, I answered this question via our private message.Hope that helps!Adam Share this post Link to post Share on other sites
randian 0 Report post Posted January 7, 2010 And yes, I answered this question via our private message.Anything you'd care to share with the class? Share this post Link to post Share on other sites