Market Saturation… - Posted by Michael Morrongiello
Posted by Michael Morrongiello on October 04, 2000 at 09:26:58:
John S. has been hawking “note brokering” and buying as an easy way to make money.His materials are VERY basic. The courthouse research is espouses is being use by many larger regional and national note buying outfits today. To a certain extent there is “market saturation” when a private seller held note is recorded and that note holder is solicited with upwards of 50-100 postcards, letters, telemarketed calls wanting to buy their note. It would not be my preferred way to market for paper given the immense startup costs, and investment of time and money. YES it does produce some predictable results but like most direct mail, the results are a very small percentage of your volume of mail sent out (typically 1%-2%). So to compete you must send out LARGE sums of mail.
John S. essentially trains “bird dogs” to find paper for him through his material sales to you.
To your succcess,