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Secrets to Successful Mortgage Marketing Ideas

Are you wondering if your mortgage marketing ideas are paying off? Here's an easy test: if your current marketing campaign isn't bringing in leads, resulting in new clients, or closing more sales, it's time to rethink your strategy.

The best mortgage marketing campaign needn't be complex or costly. You can implement effective mortgage marketing ideas easily - especially when you remember the three golden rules of marketing.

Rule #1 - Have a Specific Target.

Lots of marketing campaigns rely on the "shoot first, then move the target" idea. These campaigns have broad, undefined target clients. If you can't define who your target is, your campaign isn't doing the job. Imagine a campaign that targets "people who want to refinance." You won't connect with clients because you aren't generating a target that clearly identifies them. If however, your target was "people that need to refinance, are over 55 years of age and plan to retire in the next five years", you have an entirely different focus. You can connect with your prospects on an emotional level and be specific. The more specific you are in identifying your target, the larger percentage of your target market you will attract.

Rule #2 - Keep it Measurable.

Once you have a mortgage marketing campaign in place, how do you measure the success of the campaign? Yes, it should bring in more leads and more sales. But you should be able to quantify exactly how successful the campaign was - and to do it, you need to keep track of numbers. If you start a mailing campaign by sending out 2000 mail pieces, there's a lot of data to track. How much did you pay for the materials? How much did you pay in postage? What was your response rate? What percentage of responses resulted in sales? By carefully tracking the costs associated with any campaign, you can easily determine whether the campaign is beneficial, and just as easily eliminate the unsuccessful or unprofitable campaigns.

Rule #3 - Use a Strong Call to Action.

The best-designed mortgage marketing ideas are worthless if it doesn't tell the prospect what to do next. Your call to action should be clear and direct. Don't make assumptions about prospects calling. If you don't tell them what to do, they won't do it. Again, be specific - "Call me today for a free copy of my report" or "Go to my website to receive a free copy of my money saving article." A simple call to action can make all the difference to your marketing campaign and completely change your response rate.

These golden rules of a winning mortgage marketing strategy might not be complex, but they are guaranteed to make the difference between success and failure in your marketing campaigns. Use these secrets to success with your mortgage marketing ideas and you will turn your campaigns into money makers.

Jeffrey Nelson helps loan officers increase loan originations by getting referrals from real estate agents.

Click here to get a free Video Book. It shows Jeffrey's exclusive marketing solution for getting clients from real estate agents in as little as 30 days.

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