Home | Ask Your Question | Mortgage Glossary |
|
Does your mortgage marketing to real estate agents truly focus on them, or is it full of we-we? As proud as you may be of your marketing materials, most agents only care how much you can help solve their problems. If you want more agents to send you clients, your focus has to be on them. With the words you use in your marketing messages, whether it be an advertisement, a postcard, a flyer or pages on your website, they determine how much focus is on the agent. Learn how to tell if your marketing talks mostly about agents or if youre talking mostly about yourself. Take the We-We Test First, grab a piece of literature you use in your marketing, like a brochure, flyer or sales letter. Something with a couple paragraphs so you can truly measure the focus of your message. Youll easily assess how much your message is full of we-we by measuring two types of words: It can be a painful discovery, but possibly the most important one when it comes to attracting more clients. Total Number of Agent-Focused Words Total Number of Self-Focused Words Calculating Your We-We Score Now comes the moment of truth. First, total the sum of customer-focused words and self-focused words. Next, determine the percentage of customer-focused words is represented. Do this by dividing the total number of customer-focused words by the total sum of customer-focused words and self-focused words. So for instance, if your total number of customer-focused words is 12 and the total sum of customer-focused words and self-focused words together equal 40, if you divide 12 by 40, you get a customer-focus rate of 30%. Use a similar calculation for self-focused words. Divide the number of self-focused words by the total sum of customer-focused words and self-focused words. Or in the case of the example, 28 divided by 40. The self-focused rate is 70%. If this was an accurate example of your brochure, it means you speak about yourself nearly 2 times as often as you speak about the agent. Obviously not very good, and if that were truly the case, begin immediately converting your message to be more customer-focused. Which side of the scale is tipped greater, customer-focused or self-focused? If its toward customer-focused congratulations you really do focus on the agent! And on the other hand, if its not, like I said earlier, this could be your most important discovery about your marketing. Convert from being Self-Focused to Agent-Focused If you want to become more agent-focused there are some things you can do to improve your conversion. Start by doing a we-we test all your marketing materials, and be sure to account for the three most common mistakes with brochures.
Secondly, recognize that youre in the service business, not the sales business. Theres a significant difference between the two and changes the style of your marketing altogether. Rather than promote solutions, you focus on their problems. If youre not happy with the outcome of the sample test and youve tested other mortgage broker marketing pieces only to come up with similar results, youre capable of making improvements. Just dont try to do everything at once and get overwhelmed. Take it one step at a time. Jeff Nelson helps loan officers increase loan originations by attracting quality relationships with real estate agents from the development of customized relationship-building strategies. Click here to learn more about his winning program, Become an Agent Magnet, that teaches you how to win more agent-referred business. Visit us at http://www.loan-officer-marketing.com See Also: What You Need to Know to About Your Mortgage Transaction Where Does Your Real Estate Commission Fee Go - Why is The Commission so HIGH? How to Work With More Than One Real Estate Agent When Buying a Home High Tension for the Buyer and Seller of Real Estate Can Be Reduced |
|
||||
|
|||||
ExplainingMortgages © 2005 - 2009