Refrigerator magnet idea variation

by ShayB
17 replies
Okay, Eva and I are derailing Martin's thread, so I'm moving this to a thread of it own.

Here's a recap:



Originally Posted by Vikuna2009+ View Post

Here's a couple of thoughts that came to mind...

The idea in itself is a great idea. The only problem I see is distributing them in a timely manner. Which Realtor today (or even before when the market was hot) sells 500 homes in a year? That would be 40+ home sales in a month. Unless you are a SUPER Realtor with a full time staff at your disposal, ain't gonna happen!

More likely, they are lucky if they close ONE deal a month but for the point of discussion, lets say they close 5 deals a month.

500 magnets divided by 5 deals/m = 100 months, or
8.33 years. That is if all is well...

Now, would you, as a potential advertiser, want to wait that long? You might not still be in business.

So, not to just critize and shoot this whole thing down, what can you do?

1. You could have the brokerage advertise and not the individual realtor. That way, even though less personal, the whole real estate office could get potential leads. Still, not the best way to go but, it is a solution.

2. If variable data printing excists for other types of printing material, it should also be possible with magnets, for sure. What the cost in addition would be, I have no idea and some online printers do not do variable data printing. Off to research folks...

For those of you who do not know what variable data printing is, its simply leaving the core by itself and changing a couple of things, such as the realtors name, extension and photo and might as well throw in their cell phone number as well.

I would not give it to them for free since now you have to spend more time. What could you sell it for? Don't know, this is just hypothethical.
If a realtor where to buy their own magnets, what would that cost them? At least charge them the same as it would cost them doing their own because you are the one putting it all together.

Would this version be profitable for you? I have no idea, just tossing it out for you to think about...

Eva
Originally Posted by ShayRockhold View Post

Good point about distribution.

Hm.

How about a mobile home sales biz? They deal in higher volume.

Also - maybe apartment complexes? The info at the top can be contact info for the apartment office, maintenance, etc?
Originally Posted by Vikuna2009+ View Post

wo

Re higher volume in mobile home sales. First off, most realtors do not want to sell mobile homes, it de-values their image and secondly, they don't know how to sell them. They are not familiar with the process of park approval, which can be quite daunting to say the least. Financing is almost impossible unless you have stellar credit. And, since real estate is down, a lot of mobile home owners are just walking away from their mobile home to buy a real house. Most agents that sell mobile homes are small time mobile home dealers agent's and have less volume too. So, that is out.

Your second idea re apartment complexes sounds a lot more doable and renters in my area stay an average of `18 months so the turn-over is higher. It would have to be a larger complex though and hopefully the apartment manager wouldn't need corporate approval.

There's a fine line in recommending contractor's, especially for realtors and mobile home sales agent's. It COULD be seen as you are actually endorsing them and if the contractor does anything wrong, they could actually sue you (yes, I've seen it happen more than once).

I would stick to "safer" options such as restaurants, house cleaners, carpet cleaner, lawn care etc. and avoid others. Call me paranoid but I've been there.

Hmm, apartment complexes, yes, I would def look into that, Eva
Originally Posted by ShayRockhold View Post

Oh, around here Realtors only deal in mobile homes if land is attached, so they sell them at only a slightly higher rate than regular homes.

I was thinking for the mobile home dealers, the magnets could have the dealership name, logo and contact info at the top, along with something that says they love referrals or something like that.

In my area, mobile home sales are a huge deal, with huge dealerships and high volume of sales and a HUGE amount of competition. (Picture 8 mobile home dealerships - HUGE ones - on the main road in most towns around here. Oh yeah, it's a huge business here.)

Apartment complexes range here from small to mega-huge, so that's a definite possibility.

Might get a larger magnet, and have tips on it, plus the apartment complex info (for the manager, the clubhouse, maintenance, after-hours emergency, etc). Maybe even have a set of tips that the manager wants to give the tenants. (Like "Change air filters once a month" "Remember trash pickup is Tuesdays" etc. - whatever the top 5 or ten issues are for the manager.) That way the manager would have an incentive to make sure everyone has them.

They may even give them out to ALL tenants - not just new ones.

Maybe?
Originally Posted by Vikuna2009+ View Post

I have NO idea where the "Delta Quadrant" is, lol. I'm in So. Ca and here, space rent is killing it (think $1,000 a month) and I was talking mobile home parks, not private property. Even mobile homes on land has taken a dump here. A friend of mine bought a repo for $50,000 with 2 1/2 acres, when it was on top, appraised at $389,000.

CONDO'S!

A bit higher "quality" inhabitants than apartment buildings. Have the condo association's contact info on there and then list some other biz on there. I would go with a larger magnet, besides biz, include some emergency phone #'s on there as well.

Some slightly larger magnets comes with a mini paper yearly calendar attatched to it but now we are straying from Martin's original idea, lol. Doesn't hurt to brain-storm though...

Eva
Originally Posted by ShayRockhold View Post

The Delta Quadrant has mobile homes all over! Didn't you know!?

I live in SC. Mobile home industry is huge here.

Yes, we're straying from the original idea, but isn't that the beauty of the forum? Getting ideas and showing different things that can be done?
Originally Posted by Vikuna2009+ View Post

Ok, I'll stray a little bit more, hopefully Martin won't mind. Doing a magnet for a mobile home dealer, park or private property doesn't matter. HERE, unless you are way out in the boonies, finding a supplier for "spare parts" for mobile homes is very difficult.

Top of the magnet will then have the dealer's contact info and then suppliers of the "spare parts" would be listed as well as the best pizza place

The regular skirting of a mobile home looks like crap but there are beautiful alternatives, that's a listing you could charge WAY more than a $100 for. So far, one down.

A/C and evaporative coolers, listing #2.

Heating systems, #3.

Carport awnings and supports, #4.

Piers and bracing, #5.

Plumbing supplies, bathtubs, #6.

General supplier of a little bit of everything else, #7.

Pizza place, lol, #8.

Mobile home parks here, and not including land, has anywhere from a 100 to 600 homes and there are easily 200 parks in my area and that is an under-statement.

Hmm, I'm really thinking now...

I used to sell them and did really well doing so for many years. Now, in my area, wouldn't want to go back at doing that for anything but this sounds like a great side biz.

Pitch one dealer against another and see who is willing to pay top dollar for being the anchor of the magnet. Yep, there you have it!

Eva
Originally Posted by Vikuna2009+ View Post

#idea #magnet #refrigerator #variation
  • Profile picture of the author ShayB
    Hm.

    Also something like this:

    Fridge Magnet with 12-Month maintenance suggestions

    might be good for keeping around.
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  • Profile picture of the author Vikuna2009+
    Thanks for this, kind of felt it needed its own thread. As far as distributing the magnets, you could "bribe" the park manager and have them include the magnets in the monthly billing statement, which is distributed by park maintenance people. If you paid them 25 cents for each magnet, that should do it. Also include the park office phone # and park emergency number.

    If you charged the "anchor" $350, pay NOW, charge $300, and had 12 other advertisers at $225, pay NOW, charge $200, that would be $2,700 minus the cost of the magnets.

    I priced out a 4x6 magnets in order of 500 which came to $265 and free shipping, 20 mil, printed full color. That leaves you $2,435 minus 25 cents each for delivery, $125 so your profit would be $2,310, not bad.

    I would think an apartment building, or condo association adeliver for free but park delivery is a bit different...

    Eva
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    • Profile picture of the author ShayB
      Originally Posted by Vikuna2009+ View Post

      Thanks for this, kind of felt it needed its own thread. As far as distributing the magnets, you could "bribe" the park manager and have them include the magnets in the monthly billing statement, which is distributed by park maintenance people. If you paid them 25 cents for each magnet, that should do it. Also include the park office phone # and park emergency number.

      If you charged the "anchor" $350, pay NOW, charge $300, and had 12 other advertisers at $225, pay NOW, charge $200, that would be $2,700 minus the cost of the magnets.

      I priced out a 4x6 magnets in order of 500 which came to $265 and free shipping, 20 mil, printed full color. That leaves you $2,435 minus 25 cents each for delivery, $125 so your profit would be $2,310, not bad.

      I would think an apartment building, or condo association adeliver for free but park delivery is a bit different...

      Eva
      I like the way you're going with this.

      I try not to get sidetracked with things other than my main offline biz, but I really like the potential for this....
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      • Profile picture of the author Vikuna2009+
        Me too, but I see the potential..... In the process of counting spaces right now. First I was thinking to give any coupon a one year expiration but that also means you can only sell this once a year. Now I'm shooting for 6 months, lol, Eva
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        • Profile picture of the author Vikuna2009+
          Well, if you do the math, how many condo's in your area? How many apartments? How many mobile homes in parks? You should have anything between 20,000 to 50,000 units. You do the math!

          Then again, it requires ACTION, and a desire to succeed... Plus a little bit of knowledge of the real estate market/mobile homes definetly helps. I say, go for it!

          Eva
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  • Profile picture of the author Richard II
    Great thread and tremendous value. It had my head spinning with ideas. From your observation what would be the best approach to the vaious providers (cold call, walk in, email, etc.)?
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    • Profile picture of the author Vikuna2009+
      Originally Posted by Richard II View Post

      Great thread and tremendous value. It had my head spinning with ideas. From your observation what would be the best approach to the vaious providers (cold call, walk in, email, etc.)?
      I would say, make up some samples, 3 or so. Design them and once done with that (using imaginary advertisers), go to staples and buy some magnetic sheets. It says right on the package if they are usable for your home printer, they come in packs of 5 for somewhere around $12. After printing, cut to size.

      I would show my samples in person, this is a people biz in my opinion. Use scarcity as a selling point and see where it takes you.

      Re your own ideas, care to share?
      Eva
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      • Profile picture of the author ShayB
        Originally Posted by Vikuna2009+ View Post

        Thanks for this, kind of felt it needed its own thread. As far as distributing the magnets, you could "bribe" the park manager and have them include the magnets in the monthly billing statement, which is distributed by park maintenance people. If you paid them 25 cents for each magnet, that should do it. Also include the park office phone # and park emergency number.

        If you charged the "anchor" $350, pay NOW, charge $300, and had 12 other advertisers at $225, pay NOW, charge $200, that would be $2,700 minus the cost of the magnets.

        I priced out a 4x6 magnets in order of 500 which came to $265 and free shipping, 20 mil, printed full color. That leaves you $2,435 minus 25 cents each for delivery, $125 so your profit would be $2,310, not bad.

        I would think an apartment building, or condo association adeliver for free but park delivery is a bit different...

        Eva
        Yeah, I think paying the manager (park, complex or otherwise) for delivery is a good idea.

        Originally Posted by Vikuna2009+ View Post

        Well, if you do the math, how many condo's in your area? How many apartments? How many mobile homes in parks? You should have anything between 20,000 to 50,000 units. You do the math!

        Then again, it requires ACTION, and a desire to succeed... Plus a little bit of knowledge of the real estate market/mobile homes definetly helps. I say, go for it!

        Eva
        The main reason I like this is that it's less labor-intensive than my main biz, and the profit margins are higher. It's very tempting! LOL

        Originally Posted by Richard II View Post

        Great thread and tremendous value. It had my head spinning with ideas. From your observation what would be the best approach to the vaious providers (cold call, walk in, email, etc.)?
        I plan to use a combination of walk-in/cold calling.

        Originally Posted by Vikuna2009+ View Post

        I would say, make up some samples, 3 or so. Design them and once done with that (using imaginary advertisers), go to staples and buy some magnetic sheets. It says right on the package if they are usable for your home printer, they come in packs of 5 for somewhere around $12. After printing, cut to size.

        I would show my samples in person, this is a people biz in my opinion. Use scarcity as a selling point and see where it takes you.

        Re your own ideas, care to share?
        Eva
        Love this idea.

        I am going to start contacting the apartment complexes and condominiums around here and see what I can do.

        I have to say - I'm getting another idea from this thread, too. I've helped organizations with fundraisers before, and I can see the potential for a variation of this as something that could easily be done for a fundraiser.

        Eva, any chance we can Skype?
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        • Profile picture of the author Vikuna2009+
          Originally Posted by ShayRockhold View Post


          Eva, any chance we can Skype?
          Yes, we can do that. I do have Skype but not quite sure what my Skype name is. Will figure it out and send you a PM, Eva

          Figured it out, will PM now.
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          • Profile picture of the author ShayB
            Originally Posted by Vikuna2009+ View Post

            Yes, we can do that. I do have Skype but not quite sure what my Skype name is. Will figure it out and send you a PM, Eva

            Figured it out, will PM now.
            Got your PM. We'll touch base tomorrow.
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  • Profile picture of the author sbishop
    I do not know if it was mentioned in the orther post, but You could fo a new move-in mailer. Each month you mail the magnet with emergency numbers or a callendar and ads. I was looking around and found good prices on different sized magents.

    Just figure how many you need to print and avg # of movers per month and sell for x month to cover the printing.
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    • Profile picture of the author ShayB
      Originally Posted by sbishop View Post

      I do not know if it was mentioned in the orther post, but You could fo a new move-in mailer. Each month you mail the magnet with emergency numbers or a callendar and ads. I was looking around and found good prices on different sized magents.

      Just figure how many you need to print and avg # of movers per month and sell for x month to cover the printing.
      Great point!

      What I'm thinking is an initial batch - enough to give to every tenant - then keep them supplied with enough to give a new magnet to every new tenant when they move in.

      Most complexes have a move-in packet for new tenants. They could easily slip a magnet in with the packet.

      Edited to add:

      I'll be focusing on apartment complexes. I have 20 in just a 10 mile radius.
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      • Profile picture of the author ShayB
        Bumping this in case anyone is following it.

        I just picked up a bunch of new clients for my primary biz today (plus some for my directory site).

        I'm afraid this project is going to have to be moved to the back burner for a while.
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        • Profile picture of the author ShayB
          My schedule is clearing up, clients getting taken care of, so this is coming to the forefront again.

          I'll be working on this next week, if things go according to plan.
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  • Profile picture of the author ijohnson
    Shay,

    I'm following this thread closely because I think it is a very good idea and very doable. I look forward to sharing ideas with others and success stories.

    ~ Iris
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    • Profile picture of the author Grandawnings
      Hey nice thread, yesterday my refrigerator compressor was not working that I brought last month, this was in warranty period so I send it in company to repair or exchange. It was blue star company. please suggest me which compressor brand is good for my refrigerator.
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  • Profile picture of the author ijohnson
    LOL!!!

    Has anyone secured an ad from an HVAC guy who can help this Warrior out?!?!? :confused:

    However, since it's now November, I hope the issue has been repaired. :p
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