Answer Upon
#1 in Business Subscribe Email Print

You are here: Home > Business > Marketing > Things My First Mortgage Mentor, Trainer, Broker Should Have Told Me...Part II

Tags

  • mortgage
  • simple
  • surely
  • mortgage businessif
  • business planno
  • invest close

  • Links

  • Top Tips For Buying An Overseas Property Off-Plan
  • Margarine Myth
  • Hypothyroidism Treatment Options
  • Answer Upon - Things My First Mortgage Mentor, Trainer, Broker Should Have Told Me...Part II

    The Consumer Purchase Decision Making Process
    There is more to making a purchase than just making the purchase itself. All consumers, whether in a store or online, go through several decision steps when making any kind of purchase, whether large or small. This chart outlines the state of mind of the consumer from unawareness of the offering all the way down to when consumers become strong advocates for the offering (word of mouth). It also shows how marketing and advertising can significantly influence the decision making process, and what media are appropriate for each stage.UNK/UNKs: Awareness advert

    How much should this investment be? A minimum of 10% of your gross mortgage earnings is recommended. Many Mortgage Professionals I know invest close to 20% of their gross each and every year back into improving themselves and their business.

    If you're new to the mortgage business you need to not only make a time commitment but a dollar investment as well. The drop-out rate in the mortgage industry is extremely high. Don't become a statistic.

    Invest and re-invest in yourself and business each and every month. Budget the dollar amount and then review and increase that amount as you close additional loans. You'll be guaranteeing your advanced degree in marketing and finance and your mortgage success.

    13. You'll have "bad" days, and then it'll get even worse.

    Yes...we all have them. And, because you're dealing with deadlines and people b

    A Measuring Stick for New Projects
    One of the reason we are entrepreneurs is because we have tons and tons of ideas. And fortunately or unfortunately, we are enthusiastic about every one of them. So how do we focus ourselves? How do we pick the projects we would undertake next? What kind of a measuring stick can we build to help us make a decision?Everyone's measuring stick will be different. You are the only one that can pick the qualities that define value for you. After you choose your list of qualities you will need to assign a value to each of them in order to create your own personal Pa
    In Part I, we covered the fact that you're in business for yourself and, never stop learning, just to name a few. Here's Part II of the article:

    7. Find a mentor.

    There is a lot to learn. So much so, it's sometimes overwhelming. Working with someone who is experienced can help in areas that are unclear and confusing.

    With a mentor, you can see concepts in motion, then emulate their techniques, and finally, tailor them to fit your personality and business. Many of the greatest minds in history had mentors when you come to think about it...

    Socrates mentored Plato...Plato mentored Aristotle...Aristotle mentored Alexander the Great...Warren Buffet has mentored Bill Gates...and so on, and so on.

    Remember, two experienced people can also team up and mentor each other. It's called "parallel mentoring," and real estate professionals have been doing it for years. With this concept, it's not a matter of learning new skills, but finding a better and more efficient way of getting things done by working together. Teaming up with another Mortgage Professional could be the solution for you.

    8. A mortgage loan transaction has lots of details.

    When you only have one loan transaction, you'll be able to do it all. But when you have three, four, five, or more in the works...it's more difficult to keep track of the all the dates and deadlines.

    Set up some checklists that you and your client can follow for every step in the transaction. Your customer will love you and remember you for it.

    9. Spend your technology dollars wisely.

    You don't need the newest and latest gizmos. But, you do need ones you understand and will use.

    You don't want to over spend and drain precious finances. However, you do need to take inventory of technologies you do have and use regularly. A simple upgrade may be all that's required.

    Look for inexpensive programs that can make your marketing efforts easier and more efficient.

    10. You need a business plan.

    No if's, and's or but's...set up your business plan now. Too many people fly by the seat of their pants on this one.

    A business plan aligns your strengths and values with your business. It forces you to set long term and short term goals. It forces you to think about your business in great detail.

    If your goal is to close 24 loans in the next twelve months...work backwards to determine how many loan applications you need each month and eventually, how many people you need to contact each day to reach that goal?

    Break your goal into bit size pieces...like a daily contact sheet or score card...and, keep track of your efforts.

    11. Sometimes you just have to say "NO."

    Sometimes you let your prospects dictate to you. If you control your time and efforts, everyone wins and the service you provide is exceptional.

    Stick to your schedule and try batching your work. For instance, rather than answering each call as it comes in...return your morning calls at 11 AM and afternoon calls at 3 PM.

    Be efficient and organized but not to the point of providing poor service.

    12. Continue to invest and re-invest in yourself and your Mortgage Business.

    If you don't continue to invest in marketing programs, self-improvement courses, continuing mortgage education, newsletters, and other mortgage services that will improve your lot...you'll fall behind your competition and surely fail in the mortgage business.

    How much should this investment be? A minimum of 10% of your gross mortgage earnings is recommended. Many Mortgage Professionals I know invest close to 20% of their gross each and every year back into improving themselves and their business.

    If you're new to the mortgage business you need to not only make a time commitment but a dollar investment as well. The drop-out rate in the mortgage industry is extremely high. Don't become a statistic.

    Invest and re-invest in yourself and business each and every month. Budget the dollar amount and then review and increase that amount as you close additional loans. You'll be guaranteeing your advanced degree in marketing and finance and your mortgage success.

    13. You'll have "bad" days, and then it'll get even worse.

    Yes...we all have them. And, because you're dealing with deadlines and people be

    Training Managers: Setting the Groundwork for Sound Business Management
    Attracting highly skilled and qualified employees is essential to building a successful business. When a company is growing, it is easy for the owner or a trusted company employee to take each new recruit under their wing and show them the ropes. As a company grows, however, that process becomes more and more difficult as time and client demands take highly valued employees’ time. At this point a formal, extensive program for training managers becomes necessary.Once a company reaches a certain level of success, its managers become the liaison between empl
    been doing it for years. With this concept, it's not a matter of learning new skills, but finding a better and more efficient way of getting things done by working together. Teaming up with another Mortgage Professional could be the solution for you.

    8. A mortgage loan transaction has lots of details.

    When you only have one loan transaction, you'll be able to do it all. But when you have three, four, five, or more in the works...it's more difficult to keep track of the all the dates and deadlines.

    Set up some checklists that you and your client can follow for every step in the transaction. Your customer will love you and remember you for it.

    9. Spend your technology dollars wisely.

    You don't need the newest and latest gizmos. But, you do need ones you understand and will use.

    You don't want to over spend and drain precious finances. However, you do need to take inventory of technologies you do have and use regularly. A simple upgrade may be all that's required.

    Look for inexpensive programs that can make your marketing efforts easier and more efficient.

    10. You need a business plan.

    No if's, and's or but's...set up your business plan now. Too many people fly by the seat of their pants on this one.

    A business plan aligns your strengths and values with your business. It forces you to set long term and short term goals. It forces you to think about your business in great detail.

    If your goal is to close 24 loans in the next twelve months...work backwards to determine how many loan applications you need each month and eventually, how many people you need to contact each day to reach that goal?

    Break your goal into bit size pieces...like a daily contact sheet or score card...and, keep track of your efforts.

    11. Sometimes you just have to say "NO."

    Sometimes you let your prospects dictate to you. If you control your time and efforts, everyone wins and the service you provide is exceptional.

    Stick to your schedule and try batching your work. For instance, rather than answering each call as it comes in...return your morning calls at 11 AM and afternoon calls at 3 PM.

    Be efficient and organized but not to the point of providing poor service.

    12. Continue to invest and re-invest in yourself and your Mortgage Business.

    If you don't continue to invest in marketing programs, self-improvement courses, continuing mortgage education, newsletters, and other mortgage services that will improve your lot...you'll fall behind your competition and surely fail in the mortgage business.

    How much should this investment be? A minimum of 10% of your gross mortgage earnings is recommended. Many Mortgage Professionals I know invest close to 20% of their gross each and every year back into improving themselves and their business.

    If you're new to the mortgage business you need to not only make a time commitment but a dollar investment as well. The drop-out rate in the mortgage industry is extremely high. Don't become a statistic.

    Invest and re-invest in yourself and business each and every month. Budget the dollar amount and then review and increase that amount as you close additional loans. You'll be guaranteeing your advanced degree in marketing and finance and your mortgage success.

    13. You'll have "bad" days, and then it'll get even worse.

    Yes...we all have them. And, because you're dealing with deadlines and people b

    How Should a Yellow Page Advertiser Use the Internet?
    You must consider the two types of Internet solutions: the local YP Internet that mirrors the printed directory or the general, all-purpose web that links everyone globally. There are distinct advantages and disadvantages to each.Starting with the local search, I assume you are targeting your regular customers that would normally use the paper directory. There, you list yourself as you would in the book, covering all headings and perhaps opting for a more visible banner-type ad under the main heading. There you could use a PPC program or other way
    nances. However, you do need to take inventory of technologies you do have and use regularly. A simple upgrade may be all that's required.

    Look for inexpensive programs that can make your marketing efforts easier and more efficient.

    10. You need a business plan.

    No if's, and's or but's...set up your business plan now. Too many people fly by the seat of their pants on this one.

    A business plan aligns your strengths and values with your business. It forces you to set long term and short term goals. It forces you to think about your business in great detail.

    If your goal is to close 24 loans in the next twelve months...work backwards to determine how many loan applications you need each month and eventually, how many people you need to contact each day to reach that goal?

    Break your goal into bit size pieces...like a daily contact sheet or score card...and, keep track of your efforts.

    11. Sometimes you just have to say "NO."

    Sometimes you let your prospects dictate to you. If you control your time and efforts, everyone wins and the service you provide is exceptional.

    Stick to your schedule and try batching your work. For instance, rather than answering each call as it comes in...return your morning calls at 11 AM and afternoon calls at 3 PM.

    Be efficient and organized but not to the point of providing poor service.

    12. Continue to invest and re-invest in yourself and your Mortgage Business.

    If you don't continue to invest in marketing programs, self-improvement courses, continuing mortgage education, newsletters, and other mortgage services that will improve your lot...you'll fall behind your competition and surely fail in the mortgage business.

    How much should this investment be? A minimum of 10% of your gross mortgage earnings is recommended. Many Mortgage Professionals I know invest close to 20% of their gross each and every year back into improving themselves and their business.

    If you're new to the mortgage business you need to not only make a time commitment but a dollar investment as well. The drop-out rate in the mortgage industry is extremely high. Don't become a statistic.

    Invest and re-invest in yourself and business each and every month. Budget the dollar amount and then review and increase that amount as you close additional loans. You'll be guaranteeing your advanced degree in marketing and finance and your mortgage success.

    13. You'll have "bad" days, and then it'll get even worse.

    Yes...we all have them. And, because you're dealing with deadlines and people b

    Organic Naming -- Creating Company and Products Names with Deep Roots
    When Cingular decided to create a cellular phone for young children, they needed a name that would resonate with both them and their parents. The result was Firefly – a name that not only fits the product (it lights up when in use) but also one that has deep meaning. Many parents can fondly recall summer nights spent chasing the elusive lights as they danced across a fresh cut lawn or meadow.When a technology company needed a name for their new PDA a few years ago, they could have used Pocket Link (the code name for the device while it was in development). I
    t sheet or score card...and, keep track of your efforts.

    11. Sometimes you just have to say "NO."

    Sometimes you let your prospects dictate to you. If you control your time and efforts, everyone wins and the service you provide is exceptional.

    Stick to your schedule and try batching your work. For instance, rather than answering each call as it comes in...return your morning calls at 11 AM and afternoon calls at 3 PM.

    Be efficient and organized but not to the point of providing poor service.

    12. Continue to invest and re-invest in yourself and your Mortgage Business.

    If you don't continue to invest in marketing programs, self-improvement courses, continuing mortgage education, newsletters, and other mortgage services that will improve your lot...you'll fall behind your competition and surely fail in the mortgage business.

    How much should this investment be? A minimum of 10% of your gross mortgage earnings is recommended. Many Mortgage Professionals I know invest close to 20% of their gross each and every year back into improving themselves and their business.

    If you're new to the mortgage business you need to not only make a time commitment but a dollar investment as well. The drop-out rate in the mortgage industry is extremely high. Don't become a statistic.

    Invest and re-invest in yourself and business each and every month. Budget the dollar amount and then review and increase that amount as you close additional loans. You'll be guaranteeing your advanced degree in marketing and finance and your mortgage success.

    13. You'll have "bad" days, and then it'll get even worse.

    Yes...we all have them. And, because you're dealing with deadlines and people b

    How to Use the Free Business Classifieds on My Speed Business Network
    The classifieds are certainly free for all our members to use, but in order for them to be interesting enough for people to actually want to look at, and in order to work for you, here are some tips that will certainly help:1 If possible, use your classified advertisement to give something away. This can easily be an informational product or report that while providing excellent value to readers, simultaneously demonstrates your expertise or knowledge. This product can further offer subscription to your newsletter, or invite the person to make contact wit

    How much should this investment be? A minimum of 10% of your gross mortgage earnings is recommended. Many Mortgage Professionals I know invest close to 20% of their gross each and every year back into improving themselves and their business.

    If you're new to the mortgage business you need to not only make a time commitment but a dollar investment as well. The drop-out rate in the mortgage industry is extremely high. Don't become a statistic.

    Invest and re-invest in yourself and business each and every month. Budget the dollar amount and then review and increase that amount as you close additional loans. You'll be guaranteeing your advanced degree in marketing and finance and your mortgage success.

    13. You'll have "bad" days, and then it'll get even worse.

    Yes...we all have them. And, because you're dealing with deadlines and people being inconvenienced...things can get a little heated.

    So, do the best you can...don't panic...keep people informed, and...be honest. Everything will work out for the best...and just kept smiling:)

    HTTP = HTML link (for blogs, profiles,phorums):
    <a href="http://www.hubyou.info/article/25614/hubyou-Things-My-First-Mortgage-Mentor-Trainer-Broker-Should-Have-Told-MePart-II.html">Things My First Mortgage Mentor, Trainer, Broker Should Have Told Me...Part II</a>

    BB link (for phorums):
    [url=http://www.hubyou.info/article/25614/hubyou-Things-My-First-Mortgage-Mentor-Trainer-Broker-Should-Have-Told-MePart-II.html]Things My First Mortgage Mentor, Trainer, Broker Should Have Told Me...Part II[/url]

    Related Articles:

    Business Process Management 101

    Custom Printed Advertising Specialties

    Top 6 Ways to Get An Angry Customer To Back Down

    Bookmark it: del.icio.us digg.com reddit.com netvouz.com google.com yahoo.com technorati.com furl.net bloglines.com socialdust.com ma.gnolia.com newsvine.com slashdot.org simpy.com shadows.com blinklist.com