Basic Marketing Dope

Written by Joy Gendusa


Sometimesrepparttar simplest data isrepparttar 119798 best. Marketing is not complex if you knowrepparttar 119799 basics – that’s true with anything byrepparttar 119800 way. Here are some tools that are brilliantly simple and with them you really won’t have to sweatrepparttar 119801 small stuff.

Hot Dope #1) The more that your potential customers see your name in front of them,repparttar 119802 more likely they are to call your number (and not someone else’s) when they needrepparttar 119803 services you offer.

Many marketing efforts go unrewarded, not because they were off target but simply because they weren’t given enough of an opportunity to work. Showing your TV commercial one time, running an ad inrepparttar 119804 newspaper once, or doing one mailing of postcards may not be enough to grab and keeprepparttar 119805 audience’s attention.

Get your name out there, do it on a regular basis and people will remember you when they need someone in your line of business. Actually, this particular “Hot Dope” cannot be stressed enough – and failure to adhere to it isrepparttar 119806 #1 reason new businesses fail.

You should also know that takingrepparttar 119807 time to really see which pieces will generaterepparttar 119808 response you want will pay off. Don’t just totally give up when a response is low – persistence is vital.

Hot dope # 2) Measure your Return On Investment (ROI) in terms of actual MONEY not response rate. An advertising vehicle is working whenrepparttar 119809 MONEY that it brings in has more value thanrepparttar 119810 MONEY and time that is spent onrepparttar 119811 marketing.

Don’t fall intorepparttar 119812 trap of becoming discouraged by a small number of callers responding to a large number of pieces. If you spend several hundred dollars to be inrepparttar 119813 view of a few thousand possible leads, it may only take a few customers responding for you to make enough of a profit for this type of marketing to be valuable. The usefulness of any vehicle can only be determined afterrepparttar 119814 amount of income generated byrepparttar 119815 promotion has been calculated. If you spend 1/5 of what you generate or generate 5 times what you spend, your campaign was successful.

Increase Repeat Business and Referrals with Direct Mail

Written by Joe Niewierski


So you have been writing mortgages like crazy now forrepparttar 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 isrepparttar 119797 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 ofrepparttar 119798 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 inrepparttar 119799 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 ofrepparttar 119800 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 likerepparttar 119801 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,repparttar 119802 way to go is postcards. This is due torepparttar 119803 fact that if your customers are not currently looking for a mortgage for themselves, they are far less likely to takerepparttar 119804 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.

Sincerepparttar 119805 goal is recognition and not direct action you only need to get them to readrepparttar 119806 message. Postcards haverepparttar 119807 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?

You will want to mail a piece to your database every 30-60 days. Any longer than that and they may have already forgotten you when their friends are looking for a mortgage. Since you will want to send promo out often, you will need to keep your costs down. With postcards there are no envelope costs, no assembly costs andrepparttar 119808 postage is 30% less than letters. When using a mail house to send your postcards you can often get postage rates as low as 18˘ per piece.

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