When you place brochures from every mortgage company side by side, you cant help but notice the similarities. Each piece mentions that they have every possible loan program available, proven & experienced professionals, fast & friendly service, a list of documents needed to process the loan, a promise of individualized attention and a commitment to professionally serve the client.
This is fine and dandy for consumers, but what about your brochure for real estate agents? If youre giving to agents the same brochure you give to clients, does it help you stand out? Probably not - and even if you do have a separate brochure for agents, does it avoid the 3 most common mistakes?
Brochure Mistake #1 Feature-Driven Messages
This is the colossal mistake with most brochures. Heres a quick list of features often mentioned in mortgage brochures; loan rates, APR, quality service, mortgage insurance, points, refinance, payments, purchase, full service, originate, retail, interest-only, option-only, ARMS, free quote, to name a few.
Features dont tell the reader anything. Sometimes it only confuses them more about your service. When an agent reads your brochure, theyre reading it for one reason. They want to know, Whats in it for them. If youve been in sales for a length of time and have been a good student of it, you know that people are interested in hearing benefits, not features. But wait, theres a twist.
If you sell widgets, your brochure follows an old school formula. It describes what the widget is (feature) and than tells the customer what the widget will do for them (benefits). Pretty simple, isnt it?
But youre in the mortgage business. Or better said, youre in the service business. Wherein lies the caveat, when you sell a service, its invisible. You cant touch, smell or see it. Even though describing the benefits an agent receives from using your services is helpful, its not enough.
If you want your brochure to make a difference, the kind of difference that gets noticed by agents, than describe the problems they have that you can solve for them.
Its a strange phenomenon, but dreadfully true. Agents are more interested in reading about their problems than reading about the benefits of your services, or features for that matter.
Brochure Mistake #2 Use of Jargon
Jargon is like, Swahili, a confused, unintelligible language. Its words that you understand, but leaves an agent clueless. Jargon comes across as obscure and pretentious. Instead, keep things in simpleton terms. Your brochure should focus on expression, not impression. Using buzzwords, stylish words or phrases can come off as pompous.
Jargon slows down or stops the reading process. Avoid it by writing your brochure in a casual voice, as if youre having a conversation with the reader. In English class you were taught to write very formal, remember, your brochure isnt a term paper, its an opportunity to persuade and shape ones perception.
Make use of pictures to communicate, theyre only worth a thousand words. Agents understand with their eyes. Graphs, charts, photos, and pull quotes are examples of conveying or supporting key points.
Everyones brochure mentions good customer service. As an alternative, use a flow chart to demonstrate your service, and than support it with satisfied client testimonials.
Brochure Mistake #3 Me-tooism Disease
Dont take offense - most of us have this disease. You see what might be working for someone, so you copy it for yourself. Its easy to grab the leading competitors brochure and copy some or all of it. Years ago for instance, rate sheets were a hot marketable brochure. You could distribute a few hundred and get a respectable response. Well, when you have hundreds of loan officers copying it, guess what happens? It wears out, but we keep using it.
Me-tooism isnt worthwhile. Look at how much mail youre still getting from other mortgage companies trying to get you to refinance. And they use the same formatted letter as everyone else. The letter specifically states, in bold print, how much you could be saving, and includes an advertised low rate. Sometimes its printed in the form of a fictitious check ready to be cashed.
Dont be afraid to be different. Its easy to use what others have and challenging to come up with originality. But its originality that can earn the biggest reward.
The Power of a Well-Crafted Brochure
Like a good movie plot, a well-crafted brochure sets the storyline in motion. It shapes an agents perception before you sit down with them curtailing rejection and lessening resistance. It provokes thought in their mind, making you more memorable. And it helps you stand out and be noticed among a huge crowd.
Jeff Nelson helps mortgage companies and individual loan officers increase loan originations by developing customized relationship-building strategies that secure quality relationships with real estate agents.
Click here to get a free copy of the Marketing Planning Guide, a 20-page workbook designed to help you outline a strategy to becoming an Agent Magnet.
Visit us at http://www.loan-officer-marketing.com