I received a call from 951-847-7974 this morning. When I asked where the rude lady was calling from she hung up. When I called the number back it was the ZBuyer business/scam. The receptionist worked with someone to take my number off of the listing on the ZBuyer.com website and said it was achieved. When I asked for a screenshot to be emailed to me as proof of confirmation, she replied with she was unable to because she didn't know how. Sixth graders are able to figure out how to screen shot on a computer and ZBuyers trained staff can't? That just solidifies my doubt in ZBuyer being a legit business.
I contacted my phone service provider to look further into the issue and their business/scam as they do not have permission to exploit my private telephone number.
I get about 40+ leads a mo. Now they have started adding buyer leads as well, awesome. So you pay $1440 a yr for the service, get about 500 leads a year. let's say you really are bad at Real Estate so out of 500 you get only 1/5th of 1% to buy or sell.....1 sale in 12 months.
Lets say that sale was only $150,000 and your commission $4000. In 12 months you invested $1440.00 and turned it into $4000.00. That is a 36% return on your investment for ONE SALE! Try that in the stock market. Time spent calling leads, well at about 1.25 leads a day, maybe 5 minutes a day, unless they are good.
Now imagine your sales skills are ok and you sell to or for 3% of the leads.....15 sales...you do the math.
The reason people do not succeed is not the program, it is the lack of action, daily, regular, consistent action. if you do the work, anything will work.
Terry, here is what you should do the next time zBuyer gives you a call.
!. You now have interest so have then show you how it works.
@. Observe how they attract these buyers. You need to confirm if the bait is a 'No Downpayment" "Foreclosure prevention" "What's your home Worth' or simply a random email address. Keep in mind, statistically, 1.3 % a year of these random email addresses will sell or buy if you can keep in touch with them long enough. So, what is the origination of the zBuyer citizen response. Deception despises being dragged into the sun light.
#. Test how good their leads are. Say, "Dear zBuyer rep, I'm sure your leads are high quality. It's clear you believe it a 'can lose' bargin for me. So I'll be happy to pay you DOUBLE your current rate for every lead that actually responds with a appointment request. Of course, we go month-to-month until I actuallly see results."
$. Set up a budget for a "G" ad words account and generate you own leads.
Ad words and Wordpress is all you need. And, If you follow Gary's advise, you may not need 'adwords.'
%. Don't give your credit card number and get on a auto billing program. Once that happens, their job is DONE! Use a single purpose debit card if you must.
Now, the next factor will be the cost. If you are paying $20 a month for 100 email addresses that have some knowledge regarding your real estate location, that may be worth the effort. Any email address with a heartbeat on the other side is worth something. Every one of them makes 5 major decisions a year. If you want to jack up your following, help them along in their decisions and when it time to move....you know the rest of the story.
I have paid dor seller leads before from third parites. I don't know about this company, but my general attitude about them is that they don't provide any good value and good leads. Use the Trulia system by becoming Trulia Pro and get your leads. You get better exposure and hopefully better qualified leads without paying per lead.
All the best,
First of all, Zbuyer isnot a scam. They are a viable tool used by thousands of agents and investors all over the country to successfully list and sell properties quickly. Sometimes we should check out companies by other means than those that consider themselves as competition. sometimes there simply isn't any competition but a lack of knowledge and the ability to mislead those who honestly are looking for qualified, verified sellers.
I have not heard one good thing about them. They called me as well for our area and went in this big circle about how they are doing things that are cutting edge and the things I have seen they are antiquated in their technology.
Hope that helps...
Adolfo "A.D." Diaz
CENTURY 21 SUNBELT
In the beginning I told him, look, I'm a sales person and I get you have a job to do. Also understand that I don't like sales calls. What you are pitching to me sounds like those guys who put up yellow signs around the area stating "We Pay Cash For Your House." Then sell that list to us agents. He was silent for the first time then said that is part of what they do. Told me they scrub and double check with IP addresses, addresses, alternative phone numbers, yada yada yada. By the time he started telling me about all the poor people in Chicago I seriously had enough. Bye Bye.
There is enough business out there in open houses, door knocking, networking, following up with our sphere that by doing that alone should generate more quality than paying for leads. In my humble opinion.