Mortgage brokers are employing various strategies for marketing their business and for generating leads. We are discussing few promising mortgage marketing strategies for your benefit. On the top of the list are web marketing and telemarketing.
Many websites are providing lead generation services to their customers. These sites use various mortgage marketing strategies for attracting customers including detailed description of the features and services provided by the mortgage companies, and try to attract potential customers. All interested real estate buyers are pre-qualified on the website using an online application form. This lead is then passed on to the mortgage broker.
In this mortgage marketing is done though call centers. Mortgage brokers are contracted with special call centers that provide leads on the potential home buyers. People are called from a random list. If the person at the other end is interested, this lead is then forwarded to the mortgage company. In this mortgage marketing method, sometimes a lead is directly transferred to a representative of the mortgage company. Usually success rates with call centers in mortgage marketing is around 15-17 percent.
Many mortgage brokers also try to market their services in the open market. In this, mortgage companies hold seminars and invite home buyers and real estate agents. Interactive sessions are held where various schemes are discussed in great detail. Aside from this, there are demonstrations and presentations and many incentives are offered to spot buyers. This is a highly successful mortgage marketing strategy, but it can’t be used every other day.
Flyers, posters, newspaper ads
These are one of the best tried and tested mortgage marketing strategies that have been successfully used for years. Mortgage companies rely on posters, flyers, newspaper ads, billboards to create awareness about their activities amongst general public. This not only creates awareness, but also generates curiosity amongst people and there is flurry of prospective buyers.
Sometimes mortgage brokers use their current customers to attract new ones. They request their existing customers for references among relatives, colleagues and friends. Mortgage companies use promotional gifts such as pens, notepads, diaries and other such things to appease them into giving referrals.
Some Out of Box Mortgage Marketing Strategies!
1. Blogging- This is one of the best mortgage marketing ideas and involves creating a blog that explains the services offered by a mortgage broker. However, it is necessary to provide quality information to all visitors that can help them in making a informed decision on their mortgage. This is a really powerful marketing tactic, as it consistently delivers value to your customers and also creates a sense of indebtedness towards the mortgage broker. It also demonstrates their expertise and knowledge to their potential customers.
2. Networking- Mortgage brokers can join some local organizations and also participate in the community events. There are tremendous opportunities for business everywhere, but they are often hidden in the plain sight. Mortgage brokers can attract referrals by establishing themselves in the community and by building relationships with hundreds of people.
3. Joint Ventures- This mortgage marketing idea can rock for mortgage companies. They can approach related industries and offer to promote their products and services in lieu for them promoting their business. However, mortgage brokers should only choose quality partners who have impeccable credentials and deliver real value to their customers.