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  • Answer Upon - Loan Officer Marketing: Standing Out From the Competition

    A Lunchtime Lesson on Print Advertising
    I promise you’ll be able to finish this article before you finish the first half of your PBJ. Are you sitting down? Good. Because I have some startling news for you.Print ads are here to stay. That’s right. Those dusty, musty, fusty old relics of the century past are still with us. And despite the ubiquity of commercials on radio and TV; despite the onsl
    formative and helps the client make decisions.

  • Use side-by-side comparisons. When you talk about your products, show different options for the products – for instance, show three different examples of an Interest Only loan. Show how the product varies with different scenarios, how cash flow is affected, the difference in 1, 3 and 5-year return on investment, etc.

  • Develop an infomercial. Infomercials may at times seem unbelievable, but they re
    Change at the Speed of Light
    There is a general belief that getting people to change their behaviour is difficult and takes a long time. I can understand this belief when there are so many examples of change taking a long time. Yet I am aware that we like to defend our beliefs and look for evidence to support them. We know that whatever we believe we will seek to make true. TV debating programmes ar
    Do you have the same services as other mortgage companies? Chances are, if your mortgage services are the same, your marketing tools probably look just like every other mortgage company.

    If you expect your mortgage business to stand out from the competition, you need to stop marketing the same way your competition does. Unless you figure out a way to differentiate your services there’s no way the client will be able to tell the difference between you and every other mortgage company.

    When you look the same as your competition, you run the risk of:

    • Paralyzing the client. When it’s not possible to differentiate, the client tends to procrastinate making a decision. There are just too many choices and not enough information to help make the decision.

    • Forcing a decision based on price. When all things look equal, most clients will fall back on pricing alone to make their decision. You don’t want to get in a bidding war with another company – there’s always someone willing to go lower in price.

    So, how exactly do you go about separating yourself from the rest of the pack? Shine the spotlight on how you are different.

    • What’s your daily special?Does your marketing sink under its own weight? If you are offering everything but the kitchen sink, you probably have too much on the menu. Look at the advertisements that appeal to you – are they simple ads with few words and lots of images? That’s what will appeal to your clients – they want clear, uncluttered messages that can be quickly read. Give them one single message and keep changing it.

    • What’s your value? Why should the client want to talk with you? Give them something of value, like a free report. Something as simple as “5 Steps To Saving For a Home.” The report may be in part an advertising report for your business, but it’s also informative and helps the client make decisions.

    • Use side-by-side comparisons. When you talk about your products, show different options for the products – for instance, show three different examples of an Interest Only loan. Show how the product varies with different scenarios, how cash flow is affected, the difference in 1, 3 and 5-year return on investment, etc.

    • Develop an infomercial. Infomercials may at times seem unbelievable, but they re
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      mortgage company.

      When you look the same as your competition, you run the risk of:

      • Paralyzing the client. When it’s not possible to differentiate, the client tends to procrastinate making a decision. There are just too many choices and not enough information to help make the decision.

      • Forcing a decision based on price. When all things look equal, most clients will fall back on pricing alone to make their decision. You don’t want to get in a bidding war with another company – there’s always someone willing to go lower in price.

      So, how exactly do you go about separating yourself from the rest of the pack? Shine the spotlight on how you are different.

      • What’s your daily special?Does your marketing sink under its own weight? If you are offering everything but the kitchen sink, you probably have too much on the menu. Look at the advertisements that appeal to you – are they simple ads with few words and lots of images? That’s what will appeal to your clients – they want clear, uncluttered messages that can be quickly read. Give them one single message and keep changing it.

      • What’s your value? Why should the client want to talk with you? Give them something of value, like a free report. Something as simple as “5 Steps To Saving For a Home.” The report may be in part an advertising report for your business, but it’s also informative and helps the client make decisions.

      • Use side-by-side comparisons. When you talk about your products, show different options for the products – for instance, show three different examples of an Interest Only loan. Show how the product varies with different scenarios, how cash flow is affected, the difference in 1, 3 and 5-year return on investment, etc.

      • Develop an infomercial. Infomercials may at times seem unbelievable, but they re
        Giving Customer Incentives Is Sure Way To Grow Rich
        Running a modern business is not about just advertising. Wining a new customer and getting an existing customer back onto your premises is not as straight forward as it used to be few decades ago. Customers are much more savvy, thanks to all the slick marketing campaigns they get exposed to to every day of the week.Then how do successful businesses do that? Lets u
        t want to get in a bidding war with another company – there’s always someone willing to go lower in price.

      So, how exactly do you go about separating yourself from the rest of the pack? Shine the spotlight on how you are different.

      • What’s your daily special?Does your marketing sink under its own weight? If you are offering everything but the kitchen sink, you probably have too much on the menu. Look at the advertisements that appeal to you – are they simple ads with few words and lots of images? That’s what will appeal to your clients – they want clear, uncluttered messages that can be quickly read. Give them one single message and keep changing it.

      • What’s your value? Why should the client want to talk with you? Give them something of value, like a free report. Something as simple as “5 Steps To Saving For a Home.” The report may be in part an advertising report for your business, but it’s also informative and helps the client make decisions.

      • Use side-by-side comparisons. When you talk about your products, show different options for the products – for instance, show three different examples of an Interest Only loan. Show how the product varies with different scenarios, how cash flow is affected, the difference in 1, 3 and 5-year return on investment, etc.

      • Develop an infomercial. Infomercials may at times seem unbelievable, but they re
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        u – are they simple ads with few words and lots of images? That’s what will appeal to your clients – they want clear, uncluttered messages that can be quickly read. Give them one single message and keep changing it.

      • What’s your value? Why should the client want to talk with you? Give them something of value, like a free report. Something as simple as “5 Steps To Saving For a Home.” The report may be in part an advertising report for your business, but it’s also informative and helps the client make decisions.

      • Use side-by-side comparisons. When you talk about your products, show different options for the products – for instance, show three different examples of an Interest Only loan. Show how the product varies with different scenarios, how cash flow is affected, the difference in 1, 3 and 5-year return on investment, etc.

      • Develop an infomercial. Infomercials may at times seem unbelievable, but they re
        The Gift of Feedback
        Feedback is a gift – when done properly. The very word strikes fear into the hearts of millions of workers every day, because the only time they get feedback is when it is rolled by a manager who wants to criticise – yet put a bit of positive spin on it.Ever been there? I know I have and it sets off that internal groan, because you know just what’s coming.F
        formative and helps the client make decisions.

      • Use side-by-side comparisons. When you talk about your products, show different options for the products – for instance, show three different examples of an Interest Only loan. Show how the product varies with different scenarios, how cash flow is affected, the difference in 1, 3 and 5-year return on investment, etc.

      • Develop an infomercial. Infomercials may at times seem unbelievable, but they reel us in with their personal story. Create your personal story to show why your services are the premiere choice. Use testimonials, show how you solved problems, and get happy feedback from satisfied clients.

      Once you make the effort to show clients how you solve problems and are different from the rest of the competition, you’ll find you have an opening in a very crowded and competitive industry. You’re not like every other guy in the mortgage industry, and it’s time to show the client just how different you are.

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