So you have been writing mortgages like crazy now for
last few years. You have a pretty big database of customers and hopefully you have been getting and keeping full contact information for them. An organized database is
first key to customer retention.The next step is to put together a direct mail campaign to keep these customers thinking about you when they think about mortgages. It is often years between times when each customer needs a mortgage professional, and it takes far less than that for them to forget your name. As well as fighting time, you are fighting indifference. Customers who get great service are often reluctant to pass that information along, while customers who feel they have gotten poor service will tell everyone. Most of
time good customers need to be reminded of their experience. By following up with each customer on a regular basis you will not only stay in
front of their mind but you will also start to build a reputation as a solid and responsible business.
So how do you get started? Below are a couple of
most frequently asked questions when starting a campaign to keep in touch with past clients.
What Type of Direct Mail Piece Works Best?
There is a great debate amongst Mortgage Professionals about what type of direct mail will work best for getting new business. Many swear by letters for their appearance of professionalism, while others like
low cost and high visibility of postcards. Overall, both seem to work adequately for bringing in new business. You just need to find which works best for you personally.
For keeping in contact with past customers, however,
way to go is postcards. This is due to
fact that if your customers are not currently looking for a mortgage for themselves, they are far less likely to take
time to open a letter. That causes most of your "keep in touch" promo that is in envelopes to get thrown out before it ever gets read.
Since
goal is recognition and not direct action you only need to get them to read
message. Postcards have
message visible when mailed, which means that while your customers are deciding what to read and what to throw out, they are already being exposed to your message.
How Often Should I Send Promo?