Hey Leadership in Land crew š
I just recorded a quick off-the-cuff video (inspired while out on a walk this morning) sharing some thoughts on changeāboth the expected and unexpected kinds that hit us as entrepreneurs.
š§ Whatās on My Mind Lately:
- One of my key team members in financial planning is transitioning out⦠right before the Unconference and my Wyoming trip š„“
- Thatās forcing me to rethink priorities and scale back some initiatives I had planned (like hiring a new Facebook poster or lead manager).
- At the same time, weāre digging deep into our mailing dataāwhatās working, whatās not, and how to get more ROI from each cycle.
š„ Major Data Takeaways:
š¬ We mailed ~200,000 letters from JanāApr. Our target was 1 deal per 5,000 lettersā¦š Reality: 1 out of 10,000 š©
Hereās what we uncovered:
- Blind offers outperformed neutral and range letters across the board
- Neutral letter response rates dropped significantly (as low as 0.15%)
- Most appointments came from in-state ownersāmore than we expected
- Owners with no recorded purchase date had a much higher response rate than those who bought in 2020ā2022
- Residential vacant land made up 60%+ of successful appointments
- Zoning classifications matter more than we used to thinkāmiscellaneous and conservation zones were killing ROI
We're adjusting accordingly:
- Cutting out 2020ā2022 ownership data
- Narrowing zoning filters to only top-performing land types
- Removing counties and data segments that donāt yield results
š§ Why This Matters:
Mailing is still our bread and butterābut the game has changed.To stay profitable, we canāt just āspray and prayā anymore. We have to be disciplined, data-driven, and open to pivotingāeven when it's uncomfortable.
šāāļø What About You?
Iād love to hear how youāre adjusting to changes in the land game:
- Are you seeing different trends in your mailing (or other marketing) results?
- Have you pivoted to subdivides, cold calling, messy title, texting, PPC, or something else?
- Any unexpected team or life changes youāve had to navigate lately?
Drop your thoughts below šLetās learn from each other and adapt together šŖ