Are You Dropping The Ball?

Getting the Word Out--

Do you "get the word" out regularly using multiple advertising and promotional vehicles?

Or Are You Dropping the Ball?
We're talking about advertising and promotions as a key part of your Marketing. Let's make an assumption that you have good product(s)/service(s) (with reasonable price points) and good (differentiating, creative, truthful) message as well. Let's also assume that you've got a Sales group that can close deals. Great, those are all big prerequisites; otherwise don't waste your time and money implementing advertising and promotional initiatives. But if you do, you need to step up--and not drop the ball.

No Free Lunch or Magic Formula

Getting the word out regularly--and not just a half-hearted effort once and awhile-- takes some time, investment, patience, and common sense. No such thing as a free lunch--there's an investment (in money and time) to be made. There's not one approach or formula. No one size fits all. No magical A, B, C, D things to do or amount of money that you must spend. Rarely any immediate results (unless you have very short sales cycles).

Start with the attitude of the top people which is:
"We can't afford NOT to market ourselves continually" versus the more typical attitude of "we can't afford to do marketing."

Top excuses for dropping the advertising/promotions ball:

There are already too many messages out there now, and so what's the point?
Yes, it is crowded out there, but you can either give up and fade away or play. Is there really another choice?

We've tried and it doesn't work for us.
You've run a couple print ads, or sent out an email or 2 off an on, or done one or 2 direct mail pieces, etc, etc sporadically and in an uncoordinated fashion. You've wasted your money and set your marketing up for failure.

The people we care about already know about us.
Dubious statement at best, but even if that were true, you still have to remind them. Assume that you are NOT top-of-mind with many folks.

We can't track it, so I'm not going to spend any money.
Yes, you need to have at least a basic system in place that collects all lead information, the source(s) of the leads (realizing that it can be multiple), status, etc but you do not need a hugely cumbersome. ACT or even an Excelspreadsheet.

I need results now not tomorrow.
That's not going to happen unless you get going on a real advertising and promotional program today.

And the top excuse:
I can't afford it, stupid !!!!!!!

Maybe not network TV ads, but every company--even small companies--can afford a reasonable amount of time/money to do at least a 2-3 things on a regular basis. Costs of some vehicles are especially reasonable if you know your targets. Get a better excuse.

Just Go Out and Do It

Like the rest of business, Marketing takes some know-how, guts, faith, and more than a bit of patience. Getting the word out regularly--and getting tangible results. Don't try for "perfect;" rather, just do it--without dropping the ball.


Sincerely,


Mark Fidgett

"Your Mortgage Consultant....For Life!"

PS - Please don't forget, the life blood of my business is your referrals. Who do you know that is in need of a great lender! Please give me a call. As always, I promise to deliver such great service that your clients will thank YOU for referring them to me.

T 604.273.2002 | F 604.522.2072
E mark@notapennydown.com
W www.notapennydown.com

An independent broker associated with the VERICO Mortgage Brokers Network and a member of the Canadian Institute of Mortgage Brokers and Lenders. Copyright NotaPennyDown.com 2006. All rights reserved.

 

6 Comments on Are You Dropping The Ball?

Hey, Mark.  Great advice.  Keep it coming!  I'm my own boss, but need all the nudging I can get so I don't get complacent!

11/04/2007 10:24 PM by Natalie Langford, Winchester, VA Real Estate (Realty Direct of Shenandoah Valley)


"I can't afford it" probably the most common very wrong belief! I can't afford NOT to advertise. I will say bad advertising exists and people can throw away good money - but that's one of the secrets to success! Good post.

11/04/2007 10:30 PM by Novation Mortgage


Way to identify those excuses!  I've found that focused, simple marketing works the best.  

11/04/2007 10:35 PM by Lance Zepeda (1-800-Got-Junk?)


Mark, 

Congratulations on topping 100,000 since you joined last April!  I'm subscribing to your blog and adding you as an associate.

Mike in Tucson

12/01/2007 10:39 AM by Mike Jones (Tucson Mortgage Company, LLC)


Hey Mark.  This is an exxxxxcellent Post.  Many people I find, do not even prospect.  Those are the Realtors that are happy to make 2 or 3 transactions a year, that happen to fall in their lap.  Those of that that are the bread winners, must prospect each and every day!

Thanks for the inspiration.

12/05/2007 04:55 AM by Donald Bradbury, REALTOR Bucks County PA (The Bradbury Team at Coldwell Banker Heritage)


I find that most of the people complaining about how bad business is are the ones that AREN't doing their marketing on a routine basis.

Though there are those areas where the market really sucks, most of us just need to get off our butt and market.

12/05/2007 05:01 AM by Erby Crofutt, Central Kentucky Home Inspector (B4U Close Home Inspections & Radon Testing)


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Mortgage Company: Mark Fidgett - www.NotaPennyDown.com
Mark Fidgett
Vancouver, BC
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