What must our business be in the mind of our customers in order for them to choose us over everyone else?

By
Mortgage and Lending with ClearPath Mortgage Solutions, Inc. NMLS #1394615 NMLS # 423279

 

This is the questions that I recently began asking myself.  This is the question that if effectively answered and acted upon will set our businesses apart from the competition.  I was intrigued by the idea that people buy based upon their unconscious wants and not their actual needs. People are not buying a commodity such as the mortgage, a house, an investment property, or an investment etc. like we think they are. They are actually buying an experience… a feeling to put it so bluntly.  What feeling do they have when they are in your office and then when they leave?  For an real estate agent it may be “friendship” or the feeling of being “valuable”. For a Mortgage Broker it may be the feeling of “ease” or “confidence”.   For the insurance broker it may be “trust”.    I am beginning to see that success in business is not just about knowing your product well and having a competitive price.  It is about knowing my client’s unconscious desires and perceived needs and then catering to them effectively that breed success. 

We can start off by asking ourselves why do my clients use my services or buy from me?   How can I better deliver what they are looking for in their unconscious decision making?  Is it the color scheme of our office or uniforms or the way we cater to their needs of feeling special when they are kept informed?  Let’s make the promise to our clients that nobody dares to make and then let’s keep it!

 

Image courtesy of  nattavut / FreeDigitalPhotos.net

 

Mike Rankin, NMLS #423279

 

Right Trac Financial Group, Inc. NMLS #2709

 

110 Main St.

 

Manchester, Ct. 06042

 

Cell: 518-380-4726

 

Email: mike@righttracfg.com

 

www.righttracfg.com

 

 

 

Mike Rankin does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

 

 Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.

 

Posted by

    -Mortgage Consultant for Life

 

Mike Rankin, NMLS #423279
ClearPath Mortgage Solutions, Inc. NMLS #1394615
950 New Loudon Rd. Suite 231

Latham, NY 12110
Cell:  518-380-4726
Email: mike@clearpathmortgages.com

CONNECT WITH ME!

Mike Rankin does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.

Comments (4)

Merline D Pennant - New homes, Short Sales and Pre-foreclosures
Regal Realty of the Treasure Coast LLC - Port St Lucie, FL
New City, New Towns, New homes

Mike so much of our business is getting into the head of the buyers and sellers.  They often do not volunteer the information.

Oct 21, 2013 08:22 AM
ReadySetLoan Condo Approval Team
ReadySetLoan Condo Team LLC - South Windsor, CT
The FHA/VA Condo Project Approval Specialists

Great article, Mike.  Taking the "what's in it for them" approach will always be successful.

Oct 21, 2013 10:12 AM
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

Mike:  Whatever "it" is, you definitely feel it when you click with a client ... or a referral partner.  Sometimes it happens immediately.  Other times you really have to work for it.  But you know when it happens.  A great feeling and a great reward ....

Gene

Oct 21, 2013 11:07 AM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Never stop asking these internal questions and the answers will always be given to you. For those that never ask these questions, there are no reasons for the answers.

Oct 21, 2013 07:52 PM

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