BATTLECALL GUEST EXPERT: Tom Domin, Mortgage Marketing
Toolkit
In Part
I we talked about adding value to your card and using the back of the
card to promote your mortgage marketing message. I'm sure these remaining
business card tips will help you in your mortgage business:
3. Set a goal indicating the number of
business cards you want to hand out each day.
If you're a newbie (new
person) in the mortgage business with a limited budget...or if you're an
experienced originator experiencing a period of very few referrals...this tip is
for you. Even the best of us get back in the trenches to generate
business.
Now here's the deal:
You pick the number and set your daily goal. The only thing I suggest is that
you pick a good number...it can be three, five, seven, ten,
etc.
You'll have to meet
your goal every day. Now, I don't expect you to work on Sunday and...you can
also take off Saturday...but only if you've reached your goal the previous five
days in a row.
So...if you picked five
as your daily goal and you reached your goal each day...you now have twenty five
cards out there working for you. Do this for a month or two or three and all of
a sudden you have three hundred cards out there working for
you.
Are you going to get
some business as a result...of course you are. It's a numbers game...the more
people you talk to...the greater your chance of success.
When I first started in
this business, this is how I did it. I picked ten as my number and at the start
of my day I set aside ten business cards. I made a promise to myself that I
wouldn't go home until I had handed out every one of those
cards.
I did that for over six
weeks straight and even worked in a couple of Saturdays. No matter what I had
going that day, I made sure that I hit my goal. I have to tell you...it works.
In six short weeks I had distributed over 330 cards. It wasn't long before I had
some calls coming in from these contacts and eventually loans in my pipeline.
4. Print your own
cards. Even if your company supplies business cards, find a way to print a few
cards.
Most employers don't
object to this. Plus, this gives you the opportunity to create an identity with
your card as well as produce cards with multiple backs.
Why multiple backs you
may be asking? For different sales messages of course! For example...If you
spend a fair amount of time calling on Realtors, then the back of your card
should relay a message geared specifically towards Realtors.
Over the years I've
seen cards with various back designs including the following:
1. A mini-certificate good for $250 which can be
applied towards closing costs.
2. A list of documents needed
to begin the application process.
3. An Amortization
Schedule.
4. A list of loan programs available to
borrowers.
5. A special loan program like the low start rate
program.
6. A statement like "I save commissions!" or "Last
year we saved $146,000 in commissions." This is obviously geared for
Realtors/Agents.
7. "We offer easy Builder
approval!"
8. The possibilities are absolutely
endless...think about your market...and you'll find a
message.
Ok, here's my last
point on the subject of Business Cards:
5. We touched on it above...use your
business card to create an identity for yourself. Printing your own
card helps to do this. Personally, I don't like the picture idea at all...I'll
leave that idea for the Realtors.
Instead, create a
consumer-friendly phrase to separate yourself from other loan officers. Many
loan officers use "Loan Officer for life" theme. Think original, such as;
"Moving? Take me with you to finance your next home." Spend some time on this
and pick a good brand for yourself.
About the Author:
Tom Domin has over twenty-five years of experience in sales and training in Real
Estate and as a Licensed Mortgage Broker. He is currently publisher of "Tom's
Mortgage Tips" a twice monthly Mortgage Newsletter for Mortgage Professionals.
You can sign-up by visiting
http://www.mortgagemarketingtoolkit.com