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Business cards are probably the cheapest and easiest way to promote your
business and are a must-have for real estate investors. As with any
other marketing vehicle, for it to be effective you have to start by
asking yourself who is your target audience and what do they need. Your
business card must then address that audience and convince them that you
have the answer to their needs.
This seems pretty simple, but based on
the amount of lousy business cards that we see every day, it is obvious
that many investors are missing the point. Some of them assume that
a business card is a tool to show how important they are, and
use
large amounts of space to display irrelevant information like their title and
their company name, and forget to emphasize benefits and contact
information.
Others believe that their business card gives them
creative license and use too many colors
and fonts; this looks amateurish and makes them lose
credibility.
After months of observation and thinking about the subject, my wife
and I recommend that real estate investors have two different sets of
business cards. One set for direct lead generation, and a second one to
network with professionals in the industry (who hopefully will
give you leads).
Business Cards for Direct Lead Generation:
These are the business cards that you should distribute
daily and
massively among home owners, service personnel
(handymen, plumbers, delivery persons, postmen),
friends, etc. with the idea of reaching home owners that want or
need to sell their house fast.
Since you are interested in buying houses at a discount off market
price, you are most likely going to target people who have difficulty
making mortgage payments, or
who have a house that needs extensive
repairs, or out of town owners who want to sell. Other
categories in your target group may include
burn-out landlords who are tired of property management and want to
sell, or heirs who inherit a house that they want to turn into
cash quickly. You should acknowledge and
mention each of these groups in your business card.
You must also very clearly emphasize the benefits
of calling you, for example: a fast closing
and an all cash payment, or quick peace of mind.
You must also prominently display your phone number, email address and
website so that people can contact you.
You must also take the opportunity to use the back of the card
for additional information, like brief testimonials, a mention of your
"referral reward" program, and again, your
contact information. Another good strategy is
to use the back of the card to print something useful like a
calendar, or a list of emergency phone numbers, so that the recipient
has another reason to keep your card.
If you are just beginning as a real estate investor and
want to experiment with different card designs, there is a company called
VistaPrint that offers free business cards in a variety of
backgrounds and colors. You only have to pay for shipping and handling.
You may need to pay extra if you want to
change the layout or
upload a picture or logo, but if you are not ready for that, one of
their free designs will do fine to get you started.
Business Cards for Networking:
As you grow your real estate contact network you will find that
another good way to
get leads is through professionals who are in direct
contact with potential home sellers. Among them are lawyers (foreclosure
lawyers, eviction lawyers, probate lawyers), bankers, mortgage brokers,
Realtors®, etc.
When you network within this group, you want your business card to
project an image of professionalism;
your aim is to get credibility.
To target this group, your business card
doesn't need to make an explicit display of features and benefits like
in the Direct Lead Generation style.
In this case, you need to
display your company name, its logo (very important), a tagline or
slogan that explains what sets you apart, your name and title, direct
phone number, email address and website. You should also pay close
attention to the design, colors and fonts, since they set the tone
of
what you want to project. If you want to be perceived as serious and
professional, blue, white and grey work better, combined with a simple,
sans serif font like Arial and a clear layout with
plenty of
white space around clusters of words.
However, we don't advocate any particular design, since ultimately,
your business (and your business card) must reflect your personality. Just make sure that whatever style you
choose
your business card doesn't look amateurish, cluttered or otherwise
unpleasant to the eye.
Other Tips and Suggestions:
- Keep your business card simple. Don't use too many fonts or try to
cram too much information in it. Try to use a pleasant layout and make
sure that your main message doesn't get lost.
- Make your business card easy to read: use high contrast between
the background and the type. Light background with dark type works
better.
- Make sure that all the information on your card is printed in a
large enough typeface to be easily readable.
- Run your business card copy through a spell checker and
double-check your contact information.
- Keep your business cards with you at all times. Keep a stack in
your car, in your house, in your office, and in your wallet.
- When giving away your card, give two or three at a time, so that
your contacts can in turn distribute them to people they know. This
will not only help you distribute them faster, but will generate a
beneficial "endorsing effect".
- Include a business card with all your correspondence. People may
throw away the letter, but will usually keep the business card.
- Use your business cards as name tags. Get a transparent plastic
cover with a pin, and attach it to your lapel. Wearing it on your
right side tends to make it more noticeable.
- Use your business card as an ad: many community publications offer
"business card size" classified ads.
- Don't give your business card too quickly. It may be perceived as
pushy. Try to establish a conversation with your prospect first.
- Don't try to give your card in situations where many people are
hounding your prospect. Wait for a moment when you can capture
your prospect's full attention or mail it to them later.
- Even if your business is a sole proprietorship or a very small
business, you can make it seem like a large company if you write a
title such as "account manager" or something along those lines for
yourself in your business card, instead of "owner" or "president".
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