Written by mallorywhitfield Are you in a high opportunity real estate area? Do you have the right online strategy to stand out? Find out for free with Carrot’s Market Scout!
Carrot’s Market Scout takes an in-depth look at wholesaling opportunities in your local area, while giving you actionable advice on how to succeed using the Carrot platform.
Whether you’re new to real estate investing or looking to grow your business, Market Scout can help you determine what locations are most likely to be profitable and what you’ll need to do to rank online in your area.
In this tutorial, you’ll learn what the Market Scout feature provides and how to use it to grow your real estate investor business. Click here to be taken to the Market Scout feature.
🎉 You can use Carrot’s Market Scout up to 3 times for free!
How It Works
With Carrot’s Market Scout, you’ll discover how competitive your market is for wholesale lead generation and what online marketing strategies you need to stand out and attract leads.
We take over 50 data points including demographic, geographic, lead, search, and performance data. Then with our proprietary analysis engine, Market Scout grades local lead flow, growth potential, and competition.
We factor in real market data including:
- local population, number of housing units and average home value
- the number of distressed property and flip sales to help you know if a local market is strong or weak
- which real estate investor websites are ranking in the top 10 on Google for the local area
- sources include Semrush, Redfin, Carrot proprietary data and more!
Market Scout also recommends nearby cities to target to generate more leads and tells you what type of online marketing strategies can help you get ahead in this specific location.
How to Use Carrot Market Scout
First, click here to go to Market Scout.
Here you’ll enter information about your business including your location, the radius or distance from that area you are interested in, and your business type. Click Analyze Market, then give us a few moments while we create your Market Scout report.
Carrot Market Scout Results
After providing some basic info, we’ll give you your Market Scout Results with details about your business location plus additional nearby locations that may provide real estate investment opportunities.
You’ll find an overview of the local SEO competitive landscape, including a snapshot of the average Domain Authority score in your market area.
We’ll also give you customized tips for how to attract leads in your specific local area along with a preview of what an example Carrot website could look like for your business.
FAQs
Who is Market Scout for?
Market Scout is currently only available for Wholesalers and Hybrid real estate businesses. We’ll be adding additional real estate investor types soon.
Where do you get your data from? How do you determine the recommendations you provide via Market Scout?
Our proprietary data analysis engine uses over 50 data points to provide our Market Scout recommendations. We use Carrot’s own proprietary data gathered from more than a decade of working with real estate investors and combine it with other real estate industry data sources like Redfin and SEO data sources like Semrush.
I don’t agree with the rating of my city or the additional location recommendations. How do I let Carrot know?
We understand that some cities or additional locations may surprise you.
After you’ve used Market Scout, we want your feedback! In the bottom right corner we have a chat window where you can share your thoughts with us.
Conclusion
With Carrot’s Market Scout, you’ll get a market snapshot to understand how competitive your real estate wholesaling market is and what online marketing strategies will help you succeed.
By leveraging a diverse range of data and our exclusive analysis tool, Market Scout assesses the lead volume, expansion opportunities, and competitive landscape in your local market area. We also suggest neighboring cities for targeting to boost lead generation efforts and advises on tailored online marketing tactics to gain a competitive edge in this particular market.