š Adapting to Change: Whatās Shifting in My Land Business?
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„ Watch the full video here: https://vimeo.com/1100882275/4e813375d6?share=copy 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: