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Well, the most critical element that determines your success at each one of these stages is your
marketing. Unfortunately, there is no one marketing strategy that will provide you an endless
supply of seller leads or buyers leads. All successful real estate investors know they must have
multiple marketing strategies on both sides of the transaction.
As a real estate coach I feel it is my duty to share with my clients the best marketing strategies I
and my students use in different markets around the country. I am always testing new marketing
strategies in my business and I always share with my students what works and what doesn’t work.
Likewise, after years of coaching different students in different markets I also know what works in
different areas of the country.
For years, bandit signs, has been one of my best marketing strategies to find both sellers and
buyers. However, as simple as the marketing strategy seems there is a lot to be learned if you
want to consistently bring in leads week after week while at the same time maximizing response
rates and minimizing the cost. Any real estate investor can put out bandit signs a time or two, but
it is only the smart marketer who has long term success with the strategy.
The “smart marketer” considers all factors and is constantly testing, tracking, and tweaking their
marketing campaigns in order to maximize their return on investment. The “smart marketer” tests
the message, the media, the frequency, and the method of delivery. Likewise, the “smart
marketer” does not just put out bandit signs, they design a system so that signs get distributed
each and every week without their involvement.
As we examine this simple yet effective campaign remember that your long term success is
completely dependent on the systems with which you implement. The reason we have had long
term success is because every area of our business is efficient
These corrugated plastic signs are either hammered into the ground on stakes or grass, stapled
onto utility poles, or zip tied to metal poles. (Please do not hammer them into live wires...joking
sort of!) Real estate investors use these signs to display a brief, clear solicitation with a phone
Rea l Es ta te Inv es t or s ’ Ba nd it Si gns Ma nua l
A Guide to Implementing and Managing your Bandit Sign Campaign
number. The best part is…drumroll please…they are cheap. In fact, bandit signs are one of the least
expensive yet most effective forms of marketing that will fuel your real estate business.
Think about it…your signs are strategically placed in areas trafficked by homeowners owning the
type of properties your looking for. The seller hasn’t put in a stitch of effort to find you, nor have
they been harshly solicited. They have a problem – a house in distress to sell, and you offer them a
service – “We Buy Houses” and a phone number where they can inquire about that service. It’s a
very non-invasive way of attracting qualified sellers, with very little cost or effort expensed on your
end. We’ve relied HEAVILY on bandits signs, and recommend ALL investors, both beginning and
season, implement a bandit sign campaign to get the phone ringing fast! The reason you see
bandit signs posted…BECAUSE THEY WORK! In fact, there is no faster way to literally generate
leads over night. I always tell investors if you want to get your phone ringing now then there is no
faster way. Likewise, I strongly believe this should be the #1 campaign all beginning investors start
with.
These results however, do not occur by merely posting a few scattered signs. Running a successful
bandit sign campaign is a science, which requires a very detailed system for consistent fulfillment.
City ordinances rarely allow for prosecution, so investors tend to decide that the risk (penalty) is
well worth the reward (lots of leads). Regulations vary from one place to another, punishments
vary greatly as well...you must always remember to check with your city or town officials before
you post signs. (That is of course if you want to be told “No” and don’t want any leads) Just to
note, if the City says “you must obtain a permit and pay a fee to be permitted to post on public
ROW”… keep in mind the City will NOT issue such a permit for Bandit Signs.
You may be wondering who is held responsible for illegally posted bandit signs. Each city will define
who’s responsible, but here is an example description used in one of our local city’s sign ordinance,
"the primary beneficiary of any sign installed in violation with this section of the code is presumed
to have authorized or caused the installation, use or maintenance of the sign, commits an offense."
In plain English (pig latin) that means YOU (the business owner) will be held accountable for
Rea l Es ta te Inv es t or s ’ Ba nd it Si gns Ma nua l
A Guide to Implementing and Managing your Bandit Sign Campaign
violating a city’s sign ordinance, not your sign worker who is actually posting the sign. You can
assume the city will remove and dispose of your illegally erected signs (without notice).
Punishment for violating a city’s sign ordinance can include fines up to $200 or more per violation.
Therefore, fines can get hefty if the city wants to come down hard and charge you a fine for each
sign you have posted. Some cities have begun filing misdemeanor charges against businesses and
individuals who knowingly violate the sign ordinance. Furthermore it’s important to mention that
many neighborhood residents see the signs as ugly street spam that litters their neighborhood.
When putting up signs you can expect to encounter not only city officials, but angry neighbors as
well. (Likewise, you may also encounter a competitor posing as the sign police who calls you in a
very muffled voice and threatens lashings.)
Often you’ll be asked (told) to remove your sign, and threatened that you’ll be report/fined if you
continue to violate the sign ordinance. You could also run into an obsessed “sign slasher” that
literally scours the neighborhood slashing signs…they may even get creative and go out and paint
over all or part of your sign, or cut out just enough of the phone number to make the sign useless.
Whether being pulled down by the city or slashed by the neighborhood watch, bandits signs
typically don’t last too long…which is why bandit signs need to be monitored and posted frequently
to assure consistent calls. (We install shock buzzers in our signs so that people know not to mess
with our stuff.)
Through our experience, we’ve found that a local number always works better than a vanity
number. Typically, homeowners looking to sell their home (especially in a complicated situation)
prefer to work with an investor who does business in their area. Local numbers are more personal,
give a good impression of your local presence, build a feeling of trust and can often give you an
advantage over another investor who’s using an 800#. There are situations where a vanity number
works better for example 1-800-JOE-BUYS, so it’s wroth testing out which works better in your
market. It really depends on the number itself and how easy it is to remember.
Before calling your carrier you can write down a series of numbers you would prefer to have,
Rea l Es ta te Inv es t or s ’ Ba nd it Si gns Ma nua l
A Guide to Implementing and Managing your Bandit Sign Campaign
although in all honesty it’s very likely that the “easiest” are already taken. Don’t worry, that
doesn’t mean you’ve hit a dead end. Most phone companies will search the available database for
local numbers available with repetitious digits, for instance 777.1111 or 444-111. Some database
search services will charge you a fee (for instance our local telephone service charges $30 to do
such a search), which is well worth it. Try and get the first three digits repeating as well as the last
four. If you can get a number like this it is well worth it.
If you’ve contacted a carrier and don’t like the numbers they are offering you, your next step is to
go to another carrier. If you find a number that is carried by a carrier you would prefer not to use,
see if you can get it ported over to the carrier you want.
Your final solution is to flat out call numbers that are easy to remember and make offers. You
should expect to pay between $300 and $1000 for the inconvenience. This is well worth it if you
can get an easy to remember number you can write on the bathroom walls (I mean put on your
signs.) In all seriousness it is well worth the time to do this and I have had many students who
have had tremendous success doing this. After all we are used to making low offers as a real estate
investor aren’t we? (Mom…I will give you $5 dollars for your cell phone number)
Along with an easy-to-remember phone number, your message is the most important thing you will
put on your bandits signs. When choosing your message (or several messages if you are ordering
multiple signs) make it blunt and keep it SHORT. MAKE SURE THE FONT YOU USE IS AS BIG AND
BOLD AS POSSIBLE…unused background space is NOT your friend! An average person driving by
your sign will have 3 to 5 seconds to read the sign. Here’s our rule of thumb…no more than 2 lines
of text plus the phone number, that’s it. Here are the messages we find most effective:
WE BUY HOUSES
CASH FAST
203.555.5555
WE BUY HOUSES
Any Condition, Any Location
203.555.5555
(Note – using a name like “Joe Buys or Bob Buys” is very catchy and easy for people to remember
so if it works for you, do it)
We have set up template signs for you to choose from or you can create your own signs. If you
create your own it will cost you a little more money and take a little longer to ship as the template
will have to be set up. An example of what the webpage looks like is below:
Rea l Es ta te Inv es t or s ’ Ba nd it Si gns Ma nua l
A Guide to Implementing and Managing your Bandit Sign Campaign
Rea l Es ta te Inv es t or s ’ Ba nd it Si gns Ma nua l
A Guide to Implementing and Managing your Bandit Sign Campaign
If you decide to order from a different company here are the specs you should use.
This sign stapler is about 4ft long and can put up signs over 10 feet in a matter of seconds.
Along with the sign stapler we send our sign workers out with a box of Arrow T50 ½’’ staples to
reload the staple gun. Each sign should be stapled about 5 -7 times for a secure posting.
To use the sign stapler, secure the Bandit Sign to the metal clip on the sign stapler and raise the
sign to the desired height, shown below in Figure A. Proceed to strike the pole with the sign stapler
along the center of the sign from top to bottom, shown below in Figure B
Rea l Es ta te Inv es t or s ’ Ba nd it Si gns Ma nua l
A Guide to Implementing and Managing your Bandit Sign Campaign
The majority of leads you receive from bandit signs will be on residential properties. You will
occasionally get commercial leads as well just not as frequently.
When it comes to pinpointing your target areas, it’s really going to require you to have a strong
knowledge of the area. You’ll often find that certain parts of town are shunned, and others are
sought after. Make sure and familiarize yourself with the hot-areas. Furthermore, when you do get
a hot lead and begin to evaluate the deal, you’ll need this knowledge of your marketplace to make
the right analysis.
Frequency
Once the signs are posted, most will need to be reposted in as early as 1 day or up to 2 weeks due
to removal by the town, nearby residents, the weather, and sometimes other investors. Once you
become familiar with each town’s response rate, you can plan future weeks accordingly. A good
rule of thumb is to rotate the areas you post so you only hit an area once every four to six weeks.
Clearly it is best to focus on the towns with the largest number of calls and maintain a consistent
number of signs in those towns, which may require covering them twice in one week. Tracking the
number of signs that are taken down becomes very important at this stage in the process since you
will be looking at the current coverage in each town and it’s response rate to plan out your next
week.
5. Effectiveness of message
6. Ease of remembering phone number
We’ve tweaked our system to the point where we now have it running like a well-oiled machine.
Setting up this system in for you area will require investing time and energy upfront, but will
financially pay off ten-fold!
Step Three: Using Microsoft Streets and Trips pull up a map for each region
Let’s walk through an example. You now have a list of regions you’ll be targeting, and we will start
with Region 1. Open Streets and Trips, pull up a map of Region 1 (with the software’s easy-to-use
search engine). Then, zoom in so that you’re close enough to see major street names (when you
outsource your map, it’s only effective with the street names), see below:
Rea l Es ta te Inv es t or s ’ Ba nd it Si gns Ma nua l
A Guide to Implementing and Managing your Bandit Sign Campaign
Step Four: Drive Region 1 and Mark Where Your Signs Should Go
Following tips we’ve discussed earlier take your map and drive Region 1. You want to mark the
streets/intersections/hot spots where you will have signs posted. When you notice a street that is
heavily trafficked, make sure and note which direction the traffic is flowing (northbound,
southbound, etc). When creating your final Route Map later, you WILL be specific about which
direction you want the sign facing, so this is an important step. Make sure you write down every
address of where you want the signs to go to create “Stops” inside Streets and Trips. You will enter
these “Stops” to create the ideal route for your driver.
Step Five: Enter all addresses into Streets and Trips and Create “Stops”
Now that you’ve detailed on your map where and in what directions you want Bandit Signs put up,
you’ll enter all the addresses into Microsoft Streets and Trips for Region 1 Map. Create a new “stop”
in the location you want a sign installed.
Rea l Es ta te Inv es t or s ’ Ba nd it Si gns Ma nua l
A Guide to Implementing and Managing your Bandit Sign Campaign
Step Six: Once all your “stops” are added, generate the route
Review your stops on your Route Planner (left panel on above example), if ok click on “Optimize
Stops” and the software will automatically generate the quickest route (which will be highlighted in
green) and directions are also provided for you.
original map print-out. Now, you just have to print out the final version with the route layout and
transfer that data to your map.
For those of you who are ultra tech-savvy there are a variety of ways to create the final version on
your computer using a combination of other programs. Here, however, we will go through how to
do it manually (physically writing on it). So print out your map, get out a fine-point red or black
Sharpie, and mark each of your sign “stop” points appropriately. See example:
Now, every detail is laid out for your sign worker. They have a route, with the exactly location of
the sign labeled as well as what direction each sign should be facing. You’ll also go into Streets and
Trips and print out the detailed directions for their route.
It’s important to note the word MAXIMUM there as it’s safe to assume that your sign worker WON’T
regularly need to post a new sign at ALL 17 stops. Depending on the number of signs still standing
from the previous time the route was done the worker may only need to put up 3 signs (if 14 were
left up) meaning the route would only take 1 hour and 10 mins. This is why it’s important for your
sign worker the return the map to you each week, and report the number of signs that were still
Rea l Es ta te Inv es t or s ’ Ba nd it Si gns Ma nua l
A Guide to Implementing and Managing your Bandit Sign Campaign
standing and the number he or she needed to post “new.” You’ll want to keep tabs on these figures
and also check those numbers against the sign workers time schedule. Keep in mind we find that
on average 85% - 95% have been taken down or destroyed and need to be replaced.
Let’s do a little analysis. With our example route, you know each week your sign worker is going to
need to travel the entire route (41 mins) just verify signs are in all 17 locations. Hence, if zero
signs need to be posted, you sign worker will still have worked about an hour. The sign workers
time sheet should then be based on the number of signs that needed to be re-posted. For each
sign put up new, the workers time-clocked will increase:
Region Wallingfor
ID: dI
As you can see, when driving the same route depending on the number of new signs that put it, a
sign worker’s hours can range from under 1 hour to 3.5 hours. When your sign worker submits his
map and time schedule, the two must coincide. When posting signs in our example route, if your
signs worker wrote they put up 7 new signs...the chart indicates that should have taken under two
hours. If your sign worker reported it took them 3.5 hours, something isn’t right. Before you pay
your sign worker for the hours they submit, always verify their timesheet aligns with your time
charts.
That is not to say the route DIDN’T take 3.5 hours because it may have. If your worker has a valid
reason why the route took an unusually long amount of time that day, that’s understandable, and
they should of course be paid for their time. However, it’s also possible they are trying to pull the
wool over your eyes. It’s your job to figure out which, by evaluating the numbers.
Rea l Es ta te Inv es t or s ’ Ba nd it Si gns Ma nua l
A Guide to Implementing and Managing your Bandit Sign Campaign
DRIVER WANTED
Real Estate Company needs someone to work 5 to 10 hours a week posting signs. Looking for
someone reliable and who feels comfortable driving around and getting out of car to put signs
on poles and in the ground.
- Flexible Hours
- $10/hr + gas expenses covered
- MUST have a car and valid driver’s license
- If you own a digital camera it is a bonus
- Great part time job
- Start immediately
Once an applicant emails you then feel free to email them a driver application like the one posted
below for them to fill out and email back to you. This is their first test. If they can’t complete this
test in a timely manner then there is no need to interview them because they are going to be a
waste of your time. You don’t need a highly skilled person to fill this job, but you do need someone
who is responsible and not afraid to get their hands dirty. So look for someone who you feel is
going to at least last for at least 6 months.
Rea l Es ta te Inv es t or s ’ Ba nd it Si gns Ma nua l
A Guide to Implementing and Managing your Bandit Sign Campaign
Driver Application
Personal Information
Name: _________________________ Email: __________________________
Date:______________________
Address: ______________________________________, City: ___________________ State:____
Zip:________
Home Phone #: ________________
Cell#:________________________Fax#:____________________________
Social Security # __ __ __ __ __ __ __ __ __ Date of Birth:__ / __ / __ Drivers License
#_________________
Permission to Run Background Check? Yes ( ) No ( ) Drivers License Exp
Date:__________
Current Job
Current Employer:____________________________________
Position:________________________________
Supervisor Name:____________________________________ Work
Phone:_____________________________
Cell #:___________________________________
Email:_____________________________________________
Permission to Call Supervisor: Yes ( ) No ( )
Current Job Description:
_______________________________________________________________________
__________________________________________________________________________________
_________
Salary or Hourly
Rate:_________________________________________________________________________
Prior Work History
Former Employer:____________________________________
Rea l Es ta te Inv es t or s ’ Ba nd it Si gns Ma nua l
A Guide to Implementing and Managing your Bandit Sign Campaign
Position:________________________________
Supervisor Name:____________________________________ Work
Phone:_____________________________
Cell #:___________________________________
Email:_____________________________________________
Permission to Call Supervisor: Yes ( ) No ( ) Dates of Employment:______________to
________________
Job
Responsibilities:_____________________________________________________________________
_____
__________________________________________________________________________________
__________________________________________________________________________________
__________________
Reason For
Leaving?__________________________________________________________________________
Salary or Hourly
Rate:_________________________________________________________________________
Former Employer:____________________________________
Position:________________________________
Supervisor Name:____________________________________ Work
Phone:_____________________________
Cell #:___________________________________
Email:_____________________________________________
Permission to Call Supervisor: Yes ( ) No ( ) Dates of
Employment:_______________to________________
Job Responsibilities:
__________________________________________________________________________
__________________________________________________________________________________
_________
__________________________________________________________________________________
_________
Reason for
Leaving?__________________________________________________________________________
Salary or Hourly
Rate:_________________________________________________________________________
Former Employer:____________________________________
Position:________________________________
Rea l Es ta te Inv es t or s ’ Ba nd it Si gns Ma nua l
A Guide to Implementing and Managing your Bandit Sign Campaign
Supervisor Name:____________________________________ Work
Phone:_____________________________
Cell #:___________________________________
Email:_____________________________________________
Permission to Call Supervisor: Yes ( ) No ( ) Dates of
Employment:_______________to________________
Job Responsibilities:
__________________________________________________________________________
__________________________________________________________________________________
_________
Reason for
Leaving?__________________________________________________________________________
Salary or Hourly
Rate:_________________________________________________________________________
Education
Schools / College Attended: # Years Year Grad.
Degree
________________________________________________________ __________ __________
___________
________________________________________________________ __________ __________
___________
________________________________________________________ __________ __________
___________
Special Qualifications or Job Skills
__________________________________________________________________________________
__________________________________________________________________________________
__________________________________________________________________________________
__________________________________________________________________________________
__________________________________________________________________________________
__________________________________________________________________________________
______________________________________________________
Are you a vereran of the U.S. Military service? ( ) Yes ( ) No
I CERTIFY that answers given herein are true and complete to the best of my knowledge. I authorize
Rea l Es ta te Inv es t or s ’ Ba nd it Si gns Ma nua l
A Guide to Implementing and Managing your Bandit Sign Campaign
investigations of all statements contained in this application for employment as may be necessary in arriving at
an employment decision. I understand that this is not intended to be a contract of employment. In the event of
employment, I understand that false or misleading information given on my application or interview may result
in termination.
Signature:_____________________________________________________________
Date:_________________________
Applications are considered for all positions without regard to race, color, religion, sex, national origin,
age, marital or veteran status, or in the presence of a nonrelated medical condition or handicap.
Employer Notes
___________________________________________________________________________________
___________________________________________________________________________________
___________________________________________________________________________________
___________________________________________________________________________________
___________________________________________________________________________________
___________________________________________________________________________________
________________________________________________
Review Applications
Once the applications have come in your next job is to review all of the applications and pick out
three to four qualified candidates. The next step is to interview these candidates over the phone
and narrow it down to one to two people you will meet in person at your office.
During the interview your main goal is to get a feel for the applicant’s stability and trustworthiness.
Be direct about what the job entails (and yes, mention that it is not legal). Here’s a sample of how
we conduct an interview:
Investor: Are you comfortable driving a route I give you, pulling over, posting a sign with a sign
stapler, getting back in the car, and driving to the next location to post a sign?
Applicant: Yes.
Investor: When revisiting one of your routes, If signs are left standing from your last time
through, you’ll leave those sign up and record which signs were left up on your route map and
which locations you needed to repost. At the end of the week you’ll turn the route maps into me
with your time sheet to get paid I will be regularly monitoring the signs in order to review and
verify the route maps you turn in with your time sheets and gas expenses. Are you able to keep
these records accurately?
Rea l Es ta te Inv es t or s ’ Ba nd it Si gns Ma nua l
A Guide to Implementing and Managing your Bandit Sign Campaign
Applicant: Yes.
Investor: Most cities have ordinances against posting street signs on utility poles. You may
encounter city officials or angry neighbors. I will provide you with training on how to handle these
situations. It’s extremely important that you never reveal the name or location of our business, are
you comfortable with that?
Applicant: Yes.
Those are the simple basics you need to cover; otherwise you really just want to get a feel for each
candidate.
Monitoring Signs
As discussed earlier your response rates are going to very for a variety of reasons. Also know that
a specific regions response rate will have a degree of variation from week to week, month to
month, etc. You must monitor your regions to verify your sign worker is putting signs up when and
where they are supposed to, and are accurately reporting how many signs are left up and which
ones needed to be replaced. This is the only way you can control your costs and assure you are
generating as many leads as possible (all other factors aside).
I recommend not only randomly spot checking locations, but I also recommend periodically driving
a sign workers entire route before they post their signs (to record for yourself what signs were left
standing) and after they posted (to verify the signs are actually getting posted). You should rotate
which regions you monitor to make sure they are attending appropriate to EVERY region. Do not
tell your sign worker when or where you will be monitoring, you want to be sure they are
unprepared for your inspection. When tracking your leads if you find a vast drop, spot check those
regions in the upcoming week to make sure the reason for the drop isn’t your sign worker failing to
put up the signs.
Another great way to monitor your sign workers is to have them take a digital camera with them
when they go on their route and take a picture of every sign they post. So if they are doing a route
with 17 signs they can come back and show you 17 pictures before they get paid. This is one of the
most efficient ways to monitor what you sign workers are doing without ever leaving the office. Of
course this would require people to have a digital camera. Most young people have a camera or a
phone.
# Signs Remaining
# Signs Posted New
# Total Region Signs
Payment Amount $ -
Each day as your sign worker completes a region, he or she will fill in the required information for
each day including Hours, Gas Expense, # Signs Remaining (that did not need to be re-posted), #
Signs Posted New, # Total Region Signs (this number is listed on each of your route maps). You’ll
calculate the Payment Due using the Sign Worker Expense Excel Spreadsheet when they come in
and turn in their time sheet and route maps. Example:
# Signs Remaining 3 1 4 4 3
# Signs Posted New 20 11 14 12 18
# Total Region Signs 23 12 18 16 21
Payment Amount $ -
The bandit sign manager will review the sign workers time sheet and route maps, and compare the
two with the lead tracker. These figures will then be input into an accounting spreadsheet to
calculate the payment amount due. Here is an example of a completed spreadsheet:
Rea l Es ta te Inv es t or s ’ Ba nd it Si gns Ma nua l
A Guide to Implementing and Managing your Bandit Sign Campaign
In Conclusion
Overall, bandit signs can produce a significant number of leads for your business. The calls will
many times start to come in literally overnight so you have to be prepared to handle all of the calls.
What are you waiting for…start getting those signs out there and you can buy me a beer after your
first deal.
Than Merrill
P.S. To Learn More About Our Kick Butt, Take No Prisoners, Marketing Systems You Have to Get Our
Marketing Home Study System at http://www.fortunebuilders.com/marketing-for-deals/