Snail Mail Marketing #3 - How To Pay For It.

Ok, I talked about Why and What-For and then I talked about How. Now, let's cut to the chase. 

How do you pay for thousands of mailers every month?  Well, that is something we are currently working on.  At $1 per newsletter, sending out 4,000 per month, that's a lot of moolah.  This doesn't even include the 4,000 postcards we send out every month.

My personal goal is to have our newsletter 'self-sufficient' and larger (both newsletter and database) than ever.  I've mastered the consistency.  I've mastered the content and layout.  Now, I must master the money.

I created a 'media' kit.  Media kits are sent out by magazines and other print sources when they are seeking advertising dollars.  They talk about the publication they have, who the demographic is that receives the publication (basically describing how valuable the mailing list is), and they provide specifications and deadlines for the potential advertiser.

The media kit is completed - now I must start 'pounding' the pavement so to speak.  My goal for this month is to obtain 3 advertisers for our newsletter.  That's rather small potatoes but I am still a listing agent first and foremost and must bring in the listings/income!

I will be contacting 'vendor's' with whom we do a lot of business: Lenders, Insurance Companies, Appraisers.  I'll post details on our media kit later and I will keep you apprised of my process both successes and failures.

 
Post is included in group: Marketing Results

16 Comments on Snail Mail Marketing #3 - How To Pay For It.

Good post!  Will watch to see what you charge the advertisers and how it goes!

05/16/2007 08:02 AM by Andrew Mooers | Northern Maine Real Estate / Aroostook County Broker (MOOERS REALTY)


Christina- you might approach moving companies- they would likely see the value, and help with the expense.  When it's finished, I'd love to see the newsletter- sounds great.

05/16/2007 08:03 AM by Options Realty


I'll be posting prices and successes/failures for the world to see :D  I'll also put a copy of our newsletter on our website and post that as well - although it's not about what our newsletter looks like or what it has in it that will help others, it's about having one and the consistency of sending it.

05/16/2007 08:07 AM by Coeur d'Alene Idaho Homes - Come Live The Life Style - Christina Ethridge (David Swarat's North Idaho Dream Team (GMAC))


Great post, I like to hear more about your actual presentation to advertisers?  Is it difficult to get in the door?  How you making appointments or showing up? Are you hitting brand name or mom and pop? Are you using contracts? 

Vicky

05/16/2007 08:54 AM by Vicky Carlton, Auctioneer,CES,CVS - Cincinnati (Global Realty Marketing)


Right now I am just approaching vendors we have referred to heavily over the years.  As I mentioned these vendors include lenders, insurance companies and appraisers.  I'll also start contacting all of the property management vendors we use including carpet cleaners, landscapers, restoration specialists, fencing companies, etc.  I also intend on approaching a few builders in the area.  I'm still in the "contacting our SOI" realm at the moment.

The presentation is simply our media kit, which I explained above.  We have the most heavily trafficked website in the North Idaho area so we also include a banner ad for contract advertisers as a benefit to the print newsletter.

05/16/2007 10:33 AM by Coeur d'Alene Idaho Homes - Come Live The Life Style - Christina Ethridge (David Swarat's North Idaho Dream Team (GMAC))


I have been considering advertisers for my newsletter as well so I am interested to see how that turns out for you.  Keep us posted. 

05/16/2007 10:43 AM by Steve Scheer - Denver Real Estate - Highlands Ranch Real Estate (RE/MAX Masters, Inc.)


Bookmarked! I'm looking forward to reading about your results.

05/16/2007 10:26 PM by Ryan Hukill - Edmond RealtorĀ® (Hukill Group - Paradigm Realty)


Great info!  I've wanted to do a large scale newsletter that is "zero based" for awhile now.  I'd love to hear how much you charge for various sizes.  I'd imagine its also important to keep the number of ads to a certain minimum.  Looking forward to hearing of your progress.

05/17/2007 02:45 PM by Neal Pender CRS, CNHS, Broker in NC/SC (RE/MAX Signature Properties)


Neal, what do you mean by zero based? (for some reason you had 2 exact same comments posted, I deleted one).

05/17/2007 02:48 PM by Coeur d'Alene Idaho Homes - Come Live The Life Style - Christina Ethridge (David Swarat's North Idaho Dream Team (GMAC))


Zero based just means that other people pay for your publication.  The next level from there would be to actually make a profit!  Now that would be great.  But you have to be careful of having too many ads relative to content in the piece.  You wouldn't want to sacrifice credibility by having too many advertisements. 

05/17/2007 03:06 PM by Neal Pender CRS, CNHS, Broker in NC/SC (RE/MAX Signature Properties)


One thing I'm actually encouraging is having advertisers pay for a 'full page' on which they put articles pertinent to their specialty (at this point all advertising I'm focusing on is somehow related to real estate).  I want to make it look like the advertising isn't advertising, but rather content.

05/17/2007 03:37 PM by Coeur d'Alene Idaho Homes - Come Live The Life Style - Christina Ethridge (David Swarat's North Idaho Dream Team (GMAC))


That's a great solution Christina.  It's always better to offer helpful advice instead of a blatant "Hire me just because I'm me" ad.  You're also helping your advertisers increase their response rates by using the informational approach instead of the me,me style.

05/17/2007 03:45 PM by Neal Pender CRS, CNHS, Broker in NC/SC (RE/MAX Signature Properties)


Christina--I have a colleague who just started a very nice snail mail newsletter to the upscale residents of several developments where he lives and works. He partnered with another in his office for the endeavor and they sent the first one out this past winter with a goal of a quarterly mailing.

They also had advertisers (I think about 6 small ads across the bottom of the newsletter.) One was a for a local restaurant. They put a coupon in the ad and not only did my friend and his partner receive a good response--The restaurant took in several of the coupons and was very excited to continue with the marketing program.

The coupon helped to show the restaurant the effectiveness of the promotion!

Very good ideas! Thanks for sharing! :)

 

05/19/2007 07:52 PM by Teri Eckholm, RealtorĀ® Anoka County MN (Keller Williams Premier Realty)


 

Great post.  I was thinking that maybe one way to help you pay for your printing would be to keep the costs down.

Not sure who you're using for your printing, but maybe this www.click2print.com offers 5000 2 sided color postcards, with UV coating, shipped to your house for $140.  (I don't have any money saving ideas on the newsletters.

They are hands down the lowest price printer I've come across.  Decent turnaround time.

To do 5000 postcards at Kinko's/FedEx is around $1000, so hopefully this will help you save some $$.

If you have any recommendations for printing, etc, please post them.

Hope this helps.

- David

07/12/2007 09:24 PM by David Mordue - Mortgage Planning & Investing (Liberty Financial Group)


David - we print our own.  We own 2 high volume/high speed Canon copier/printers and our cost is <1c page for B&W and <6c page for color.  For postcards this equates to 0.0175c per postcard. 

07/13/2007 03:06 PM by Coeur d'Alene Idaho Homes - Come Live The Life Style - Christina Ethridge (David Swarat's North Idaho Dream Team (GMAC))


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Real Estate Agent: Coeur d'Alene Idaho Homes - Come Live The Life Style - Christina Ethridge (David Swarat's North Idaho Dream Team (GMAC))
Coeur d'Alene Idaho Homes - Come Live The Life Style - Christina Ethridge
Coeur d Alene, ID
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David Swarat's North Idaho Dream Team (GMAC)

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It's all about North Idaho. Bubble proof, consistent appreciation, location and beauty make North Idaho an ideal place for investment, opportunity, living and thriving.

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