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  • Hub You - Loan Officer Marketing - Why Realtors(r) Don't Read Your Brochures

    Barney or Training? Which is Better for Your Organization?
    I was thinking today about those people who come to us for help.You know, the Customers.And the only reason I’m bringing this up is because of some of the comments that were posted on that major web site about that organization that helps people beautify their homes had been just sort of swimming around my head the past day or two.And it got me to thinking about how we “train” our clients to accept the level of service we wish to provide.I’ll say it one more time.We train our clients to accept the level of service that we wish to provide.Now if this is not hitting home with you,
    ibe the problems they have that you can solve for them.

    It’s 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. It’s words that you understand, but leaves an agent clueless. Jargon comes across as obscure and pretentious. Instead, keep things in simpleton term

    Prospecting Your Warm Market in Network Marketing
    Let’s talk about the most famous and controversial subject in network marketing prospecting: ‘Talking to your warm market (friends and family) about your network marketing business.’Isn’t it funny that one of the first things you usually hear when you join a network marketing company is, “You will need to make up a list of 100 contacts to get your business started.”Have you ever thought, “Why do I have to hit on my friends and family members to build a network marketing business?” If you confront your sponsor about it, you will usually hear something like this, “Well, the products we have are so great, so w
    When you place brochures from every mortgage company side by side, you can’t 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 you’re 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. Here’s 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 don’t tell the reader anything. Sometimes it only confuses them more about your service. When an agent reads your brochure, they’re reading it for one reason. They want to know, “What’s in it for them.” If you’ve 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, there’s 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, isn’t it?

    But you’re in the mortgage business. Or better said, you’re in the service business. Wherein lies the caveat, when you sell a service, it’s invisible. You can’t touch, smell or see it. Even though describing the benefits an agent receives from using your services is helpful, it’s 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.

    It’s 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. It’s words that you understand, but leaves an agent clueless. Jargon comes across as obscure and pretentious. Instead, keep things in simpleton terms

    Create Your Entrepreneur Dream Team
    I hear it all the time. “What should I do about . . .?" As a business owner you're faced with the daunting task of making all the decisions that affect your business. Should I remain a sole proprietor, become an LLC or is an S Corp better? Should I start using an electronic PDA or stick with my trusty, but out-dated, Day Runner? In what direction should I take my marketing? Is the color right on this logo? PC or Mac? Paper or plastic? Aargh! Big decisions. Little decisions. It can be overwhelming, especially when you consider how each decision has a bearing on the success of your business.It can be difficult to ma
    hure 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. Here’s 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 don’t tell the reader anything. Sometimes it only confuses them more about your service. When an agent reads your brochure, they’re reading it for one reason. They want to know, “What’s in it for them.” If you’ve 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, there’s 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, isn’t it?

    But you’re in the mortgage business. Or better said, you’re in the service business. Wherein lies the caveat, when you sell a service, it’s invisible. You can’t touch, smell or see it. Even though describing the benefits an agent receives from using your services is helpful, it’s 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.

    It’s 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. It’s words that you understand, but leaves an agent clueless. Jargon comes across as obscure and pretentious. Instead, keep things in simpleton term

    Motivation and Commitment
    Why do people start small businesses? The most frequently cited motivation for business start-ups is to allow the entrepreneur to achieve independence; money is secondary. Is this surprising? The other reasons named most often are that an opportunity presented itself, a person took over the family business, or the person simply wanted to be an entrepreneur. Identify your motivation.For context, what reasons might people offer for joining a large corporation? For choosing a government career? A union job? Certainly, many people desire security, fringe benefits, and a predictable career “trajectory.”What kind
    ame a few.

    Features don’t tell the reader anything. Sometimes it only confuses them more about your service. When an agent reads your brochure, they’re reading it for one reason. They want to know, “What’s in it for them.” If you’ve 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, there’s 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, isn’t it?

    But you’re in the mortgage business. Or better said, you’re in the service business. Wherein lies the caveat, when you sell a service, it’s invisible. You can’t touch, smell or see it. Even though describing the benefits an agent receives from using your services is helpful, it’s 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.

    It’s 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. It’s words that you understand, but leaves an agent clueless. Jargon comes across as obscure and pretentious. Instead, keep things in simpleton term

    Christmas Carol Coaching - Help to Get Ahead at Holiday Time!
    I've always been fascinated by situations where art imitates real life and right here is a perfect example, which links Christmas and business & personal development.If you want to read about a serious piece of dodgy people management (bordering on potential litigation); a man all adrift with the world and himself; shown how to do it by three visionary experiences (and with a brilliant example of supportive team-building thrown in); and then the ultimate Christmas 'shift'? These are all brilliantly described for your pleasure in a seasonal read of 'A Christmas Carol' by Charles Dickens.Here, Dickens
    e) and than tells the customer what the widget will do for them (benefits). Pretty simple, isn’t it?

    But you’re in the mortgage business. Or better said, you’re in the service business. Wherein lies the caveat, when you sell a service, it’s invisible. You can’t touch, smell or see it. Even though describing the benefits an agent receives from using your services is helpful, it’s 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.

    It’s 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. It’s words that you understand, but leaves an agent clueless. Jargon comes across as obscure and pretentious. Instead, keep things in simpleton term

    Costly Worker Memory Fade Could Cost You $500,000 A Year
    Underlying FactorsWe all forget from time-to-time but when it comes to work, forgetting can be a costly and damaging proposition. Unless properly addressed, it will occur most of the time. Given that most workers follow a routine,Memory of work details performed on a Monday is overlaid by events on TuesdayMemory of events just one week old can fade to the extent that recall is impossible.Memory is substantially heightened when recollection is facilitated with a "multiple-choice crutch" as opposed to "filling-in-the-blanks" wherein recall is solely dependent on mem
    ibe the problems they have that you can solve for them.

    It’s 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. It’s 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 you’re having a conversation with the reader. In English class you were taught to write very formal, remember, your brochure isn’t a term paper, it’s an opportunity to persuade and shape one’s perception.

    Make use of pictures to communicate, they’re only worth a thousand words. Agents understand with their eyes. Graphs, charts, photos, and pull quotes are examples of conveying or supporting key points.

    Everyone’s 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

    Don’t take offense - most of us have this disease. You see what might be working for someone, so you copy it for yourself. It’s easy to grab the leading competitor’s 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 isn’t worthwhile. Look at how much mail you’re 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 it’s printed in the form of a fictitious check ready to be cashed.

    Don’t be afraid to be different. It’s easy to use what others have and challenging to come up with originality. But it’s 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 agent’s perception before

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