Saturation Problem?
I want to start getting into foreclosures, but someone told me that people facing foreclosure are swarmed by tons of other investors, so because it is so oversaturated, it might not be such a good thing.
However, I'm not so sure I buy that argument and would like some opinions here. Please respond.
I think you're correct to not buy into that argument. Sure, oversaturation makes deals harder to find, but I'm sure there are more deals to be had than can be handled by the "swarm" of other investors. Just keep digging.
Finding a way to get to the people first will help (even before the foreclosure begins). Also, you might want to spend some creative energy developing a better mousetrap, so to speak. Find a way to get in the door, pique their interest...do something different than your competition to set yourself apart from the crowd.
It's all about marketing and advetising.
We started advertising on TV and get phone calls 24/7 to either help save their homes or to sell their homes. Iur TV campaign has been so successful that we are thinking of doing a weekly, one hour radio show.
Over saturation is a non-issue. Sometimes you just have to do what others are not doing to get your share.
C- :-o
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