The Internet And Your Mortgage Business
BATTLECALL GUEST
EXPERT: Tom Domin, Mortgage Marketing
Toolkit
The numbers
are absolutely staggering. Every single day millions of pages are added to the
internet and new users are hopping online for the first time in unthinkable
numbers. We're still along way from living in a world where everyone and every
location is "wired," but the net's growth is nothing short of
incredible.
So, what
does that have to do with your Mortgage Business? Everything! That rapid growth
of the internet is a boon for those of you who want to do business online. For
years, you've heard that the future of business is online and you are now seeing
that prediction coming true. Online Mortgage Businesses can be uniquely
positioned to reach a constantly growing pool of potential customers efficiently
and with laser-targeted precision. That should be exciting for you.
If you don't think
being online is important to your Mortgage Business, consider this fact; between
75% and 85% of all of the folks you talk to about a mortgage have already spent
time on the internet researching mortgage rates, mortgage programs, mortgage
terminology, credit, and other home finance tips. Not that this makes them a
mortgage expert...far from it. We know that mortgages can be a difficult
subject.
But, the
point to remember is that there are very few "newbies" or "novices" to the
internet today. Your customers, prospects, and contacts are more informed and
more knowledgeable than ever before. They pay their bills on the internet, shop
on the internet, do research on the internet, visit forums and blogs on the
internet, and visit auction sites on the internet, just to name a
few.
Many of
these folks are "wired" and receive immediate news, email, stock notices, and a
host of other services and information via their cell phones, and other mobile
devices.
Just so you
know, there is a flipside to this internet growth. As the number of internet
users increases, so does the number of people vying for their mortgage business.
In other words, you already have a lot of competition, and you're going to have
even more.
That makes
it important for you to do a couple of things. First, you need to stay on your
toes in terms of uncovering and then communicating with your mortgage prospects,
customers, and customers. Those who can find and effectively reach this growing
pool will reap the benefits. Your very
own website is an integral part of that
process.
Second, you need
to make sure your message and your offerings stand out from the rest of the
competition. The days of just "tossing up" a page on the internet and
automatically getting results are gone. Today, you need to be smart and work
smart. You need to effectively brand and distinguish yourself from all of the
other mortgage competition with quality, style, and
intelligence.
Your
website must reflect this concept and provide the timely and necessary
information to help those that use
it.
As Mortgage
Professionals, the growth of the internet and its services provides those who
are willing to work hard and smart with a tremendous once-in-a-lifetime
opportunity. As the numbers continue to grow astronomically, the chances for
healthy opportunities in the mortgage business also
increase.
Remember that people
want good, solid, honest information that helps them make a wise mortgage
decision. And because we have entered a world of instant information and instant
gratification, these people want that information quickly and efficiently. It's
your job to provide it.
About
the Author: Tom Domin has over twenty-five years of experience in sales and
training in Real Estate and as a Licensed Mortgage Broker. He is currently
publisher of "Tom's Mortgage Tips" a twice monthly Mortgage Newsletter for
Mortgage Professionals. You can sign-up
by visiting
http://www.mortgagemarketingtoolkit.com
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