Marketing To A Smaller Universe
As little as five years ago, a typical campaign would have included a postcard direct mailing to a qualified* list, a half page ad in the local paper and maybe some spot radio or tv.
Today, we have to do more with less. We need to do it faster…and we need to be adaptive.
The accepted practice of sending out 5,000 postcards to people to qualified* prospects in your area won’t improve your results. Not only because the of the state of market but because our true target is much smaller.
No longer are we marketing to 55+. We are now marketing to 55+ with specific INTERESTS and theme preferences.
Lakefront people are different from moutainbiking people. City people are different from suburbanites. You may grab a stray from time to time but for the most part – your buyers are looking for a place with people who are just like them.
So market it that way.
You can spend $1.00 per unit to dump junk mail on 5,000 strangers or you can spend $10 per unit to market to 100 likely buyers. Which do you think will give you a better chance of success in the long run?
*After 15 years of doing this, I’m still trying to figure out how you can find 5,000 people in a general metro area that are “qualified” and alike enough to do this.