
Mortgage Marketing Tips
Stand Out From Your Competition.

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In today's market,
consumers
and businesses have many lending services and firms to choose from.
Competition is fierce for a mortgage broker. What are you
to do? The big financial institutions are cutting their prices
and moving in on smaller markets that, in the past, were dominated by
local brokers.
You must try to establish a relationship with your
prospects. In your direct mail pieces explain you are just a
phone
call or office visit away. Convey to the prospect when doing
business with you, the broker, face to face, you are going to offer the
best service, expertise, and lending products. Contrast this face
to face relationship with a large national firm that is just selling a
product solely on price.
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5 Direct Mail Elements guiding your
Campaigns to Success
Mortgage
Marketing Tips:
The List--For
direct mail to gain a consumer response, it must be sent to the correct
party at the right time in their buying cycle. Choose a list that
is updated frequently and selection criteria that narrows in on your
target market.
The
Offer--It
is referred to as the deal.
The offer should be clear and include a deal that a prospect can't
refuse. Offers are either soft or hard depending on your product
or service. A call-to-action or a way to respond, must be included in
support of the offer. When constructing the offer you must ask
yourself:
How much am I able to spend on a new customer?; How good of
a deal am I able to afford?; What is the value of a new long-term
customer? Repeating the offer in the mail piece is key in direct
marketing.
The
Timing--For
direct mail to gain better response rates, you should focus on the
prospect's buying cycles and habits. Sending a message
about refinancing options within a month of initial purchase may not
be as profitable as
sending the same message 2-3 years later. Consumers and
businesses have different buying and contractual cycles that need to be
taken into
account when marketing your offer.
The
Layout--
It is critical to have a layout with specific
graphics
that compliment the copy of the direct mail piece. Always
use people or people using the product/service over product shots alone.
Use different color fonts sparingly. When using postcard
type mailings, the eye goes from
right upper, to left middle, and ends at right lower...design your
piece to consider this flow. For letters, the eye
starts in the upper left corner and zig zags to the lower left corner,
this is why a P.S. in
a letter is so important.
The
Copy--A
good mail piece relates to what the product and service will do for the
reader. The writing attitude should be about the benefits the reader
will receive by doing business with your company. Be clear and
simple, the copy should be written as if it were a conversation with
the
reader. Short sentences, headlines, sub headlines and repeating the
offer are important for readers to understand your message. Most
readers scan when they look at direct mail. Make your copy scanable.
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