Distributing business cards to merchants and retail establishments
You have the opportunity to market your REI business everywhere. Marketing yourself is perhaps the most important factor in becoming successful and making money. Talking to people can be a great benefit. Your neighborhood store, dry cleaner or even at your local church can be a great way to distribute your business cards and generate interest. Again, offer them a referral fee for each contact they send to you. Once they realize they can make money from it, they will be more inclined to send you the referrals.
When you use the resources you have in your community you will achieve the success you strive for.
Advertising your REI business
There are many ways to advertise your business. However if you want to get the word out fast without spending a fortune, create a flyer; like your business cards, flyers need to be eye catching. They need to be clean and right to the point. Flyers are great because for a number of reasons.
- Very cost effective
- You can print as many as you want
- You are using your own printer; there are no printing costs
- Hire your kids and their friends to distribute the flyers
- Posting your flyers on community boards is free
A little ingenuity goes a long way; coming up with exciting ways to advertise your REI business can put you miles ahead of your competitors.
Work with a licensed Realtor
When you own your own business, finding the most cost effective methods can save a lot of time and a lot of money.
As a real estate investor, finding investment properties means that you have to be on the look out constantly; one way that you can make it easier on yourself is to contact Realtors®-MLS®. Realtors have listings in all sizes, prices and in any condition. It is possible to obtain a list of properties from them.
Another possibility is to contact a real estate agent that specializes in real estate investors. He or she has access to the properties you need to grow your business. You can find an agent that specializes in real estate investors through the closest REIA office.