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  1. #1

    Text message marketing in the mca space how effective is it?

    Does any one use text messaging for marketing, if so how many messages do you send out a day via text?

  2. #2
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    Quote Originally Posted by wallerbusiness View Post
    Does any one use text messaging for marketing, if so how many messages do you send out a day via text?
    Very affective !!!! good luck

  3. #3
    im spending about 300 a day on text messages, I get good results I send out about 5k messages a day. I get on average 2% response and of that I may get 3 to 7 apps off of that.

  4. #4
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    what service are you using

  5. #5
    i use call fire. this list is the most important thing. finding a good lead broker is the key.

  6. #6
    Quote Originally Posted by wallerbusiness View Post
    i use call fire. this list is the most important thing. finding a good lead broker is the key.
    have any recomendations
    FL Based Lender
    954-271-2862
    Always happy to talk money and merchants

  7. #7
    Quote Originally Posted by wallerbusiness View Post
    i use call fire. this list is the most important thing. finding a good lead broker is the key.
    Leads are important but what type of content in the texts, your website? Programs? Email? Pictures? I've never done text marketing but I want to try it. Any other info would be helpful. Thanks

  8. #8
    I cant give away all my secret sauce.

  9. #9
    I tell them that Im a broker and lending partner has x amount to fund. How much do you need. Thats one of the text messages that I use. I have several. I dont text websites pictures or anything. I try to get myt pitch out in 120 characters or less

  10. #10
    photo_2023-01-12_18-16-56.jpg Here are some results of the text messaging broadcast, but I got like 1 app off this one here. As you can see you will get a lot of DNC and STOP messages but out of all that I got one app. This why I send out 5-10k messages a day but also keep in mind you must have a quality list and a good pitch to get these results. Im just being transparent here. Expand the SEE MORE below and you will see what Im talking about I do this plus I send out bulk emails at least 2k per day on the emails.
    Last edited by wallerbusiness; 01-12-2023 at 07:25 PM.

  11. #11
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    Quote Originally Posted by wallerbusiness View Post
    im spending about 300 a day on text messages, I get good results I send out about 5k messages a day. I get on average 2% response and of that I may get 3 to 7 apps off of that.
    I'll get you 10K text messages for 300. PM me your name and number and i'll give you a call tomorrow

  12. #12
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    You get your own portal to track and send SMS from your laptop. The more credits you buy, the more you will save.

  13. #13
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    Their are plenty of cheap txt companies. If you use telnyx they charge you .004 per txt plus .002 carrier fees so 10k in txt is 70 bucks.

    Mike

  14. #14
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    How do you all stay compliant with of all these services etc. example telnyx explicitly prohibits using “bought lists” … prohibits pitching loans etc

  15. #15
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    Quote Originally Posted by goatFunding View Post
    How do you all stay compliant with of all these services etc. example telnyx explicitly prohibits using “bought lists” … prohibits pitching loans etc
    also how do you get around the lawsuits

  16. #16
    Im not selling a loan. Im selling working capital solutions.

  17. #17
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    Almost all the Super-Mega-MCA-brokerage shops work with Capybara Capital of those the ones with the best squeaky clean deals come from those that walk-into-merchants - "feet on the street" followed by those firms that spend on the most creative direct-snail-mail campaigns.
    Marcus Clapman
    Capybara Capital
    marcus@capybarausa.com
    www.capybarausa.com
    646-708-5986 (Text Friendly!)

  18. #18
    Senior Member Reputation points: 50566 ADiamond's Avatar
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    Quote Originally Posted by wallerbusiness View Post
    Does any one use text messaging for marketing, if so how many messages do you send out a day via text?
    you should be asking how illegal is it

    you will get flagged

    https://act-on.com/blog/sms-marketing-regulations/
    Anthony Diamond
    Underwriter

  19. #19
    Hey Guys,

    I'm new to MCA space. Right now, I am only cold calling but would like to also send emails and text messages.
    What is the story with the legality of text messaging.

    When I look it up, it says that cold texting is illegal..... Am I fine to do it anyway?

    Would really appreciate any insight. Thank you.

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