PPC for a free service? Stupid?

5 replies
  • PPC/SEM
  • |
So guys I have an interesting situation. I go through the back door on my clients. Get your head out of the gutter. I'm in the short sale business in real estate which means I help people not lose their homes to,foreclosure. Most real estate pros target people in foreclosure and go through the numbers to get people to sell their homes. We know that people don't want to sell their homes until they've made the attempt to keep it through a loan modification. Nationally less than 30% get them so our business model involves helping people through the process of applying and trying to get a loan modification, knowing that 70% will not get them and helping them short sale if and when they are turned down after building a strong relationship. We've partnered with several non profit counsels who help our clients with Europe loan modifications from beginning to end. We are competing against attorneys who for the most part are ripping these people off charging them $3k-$10,000 for the same service. They absolutely DO NOT need to pay for help. That's the message we're trying to get out, which brings me to my advertising point.

If we advertise free help the right way I'm sure we can take business from these attorneys. The key is selling the value so they respect it even though it's free. In our current model we meet with 15-20 people per month and convert an average of 3 people immediately and will convert another 5-8 at different points later. Is it worth it to build a campaign promoting free service. We know 70% won't qualify giving us an opportunity to help them sale and making us a trusted resource because we do help everyone who qualifies get them for free. Or should I just run ads for short sales and forget about this side? Any advice is appreciated. We know we have something special here, it's just getting it out there with the right message. Thanks everyone
#free #ppc #service #stupid
  • Profile picture of the author Jack Gordon
    If you have run the numbers and the ROI is there, then I see no reason why you shouldn't try this strategy.

    On the surface, it sounds like a good plan to me.
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    • Profile picture of the author DRDrummond
      Originally Posted by Jack Gordon View Post

      If you have run the numbers and the ROI is there, then I see no reason why you shouldn't try this strategy.

      On the surface, it sounds like a good plan to me.
      Thanks Jack, that's the same thing I'm saying in my head. I guess me putting it out there is to try to determine if there's anything I haven't considered. I think my challenge will be crafting the message that represents my value offer but that's another thread. Lol
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      • Profile picture of the author dburk
        Hi DRDrummond,

        You asked an "either/or" question, however the right answer might be to do both. It certainly merits a test of each strategy. Simply conducting a brief test will answer all your questions and you might find that both methods are profitable and worth implementing.
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        • Profile picture of the author DRDrummond
          Originally Posted by dburk View Post

          Hi DRDrummond,

          You asked an "either/or" question, however the right answer might be to do both. It certainly merits a test of each strategy. Simply conducting a brief test will answer all your questions and you might find that both methods are profitable and worth implementing.

          Great point dburk, I'll have to get started on these. Great feedback. Thanks
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  • Profile picture of the author Mr Lim
    As every poster here suggest, there's no risk, there maybe an right answer between both.
    No risk trying it.
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