Email Marketing

By
Mortgage and Lending with Right Trac Financial Group, Inc., NMLS# 2709 NMLS #1012303

You may have seen some recent blogs about the "old fashioned" direct mail marketing and telemarketing.  Have you tried email marketing, or even marketing by text messages on your smartphone?

There is a blog entitled, "A 5-Pronged Approach for Using Strategic Email Marketing for Quality Lead Generation" if you have an interest in a different approach to marketing that had not been discussed as often as social media computermarketing or traditional methods of marketing.  I have used email marketing.  You can reach a large number of people for a very minimal cost.  You can solicit referral partners or go after potential clients directly.  You do need a different message based on the audience that you are targeting, and it does need to "tease" the recipients enough to respond.  You don't want to lay out your entire pitch in the email, just give the recipient enough information to arouse his/her curiosity.  It cannot be a quickly drafted message, there must be a hook that will elicit a response.

The blog that I referred to suggests that you narrowly define your goal that you want to accomplish with your email campaign.  You need to develop a high-quality list of email addresses.  Your message must be clear and concise.  You need to go after the decision makers in a company as well as people who work for the company in positions other than the CEO.  Seek some form of personal contact with your email message, either a phone call or a short face-to-face meeting so that you can start building personal relationships.

The email is just the ice-breaker and takes away the stigma of making a cold call since you will have had some contact with the email recipient before meeting with them personally or speaking with them on the phone.  The more people that you can contact within the same organization will give you a chance at finding someone that can open the door for you to others in the company and that may eventually lead to a much larger base for referrals or contact with potential clients on a more direct basis.

Email lists can be developed from your own database of contacts. You can also build your email list from websites of various companies with which you wish to do business.

It is an interesting concept.  It is not an exclusive methods by any means and can compliment your website, Facebook page, your LinkedIn profile and other websites on which you are active as you can include links in your email to your various platforms.  One word of caution, however, is that some junk mail filters do automatically route emails with embedded images and links into the recipient's junk mail folder.  Give it a try.  It does take some time, but otherwise, the cost cannot be beat.

Posted by

Your Dedicated Mortgage Consultant!

Randy Kirsch, NMLS #1012303

Right Trac Financial Group, Inc. NMLS #2709

110 Main St.

Manchester, Ct. 06042

Office: 860 647-7701 X120

Fax: 860 647-8940

Cell: 202-827-6434

Email: randy@righttracfg.com

www.righttracfg.com

 

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The blogs written and published by Randy Kirsch are not in any manner whatsoever to be considered as legal advice or as a legal opinions.  If you have legal questions or concerns regarding any area of real estate law or mortgage law you are advised to consult a licensed, competent real estate attorney in your local area to address your concerns and questions.

 

Randy Kirsch 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.

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Show All Comments
Ambassador
1,705,610
Tammie White, Broker
Franklin Homes Realty LLC - Franklin, TN
Franklin TN Homes for Sale

Finally, a way to market that is cost effective. I think this is a much better way to market. Especially given that we may already know the prospect.

Jan 24, 2015 07:43 AM #1
Rainer
82,483
Randy Kirsch
Right Trac Financial Group, Inc., NMLS# 2709 - Manchester, CT
(NMLS# 1012303) Your Dedicated Mortgage Consultant

It is cost effective Tammie White and thankfully so as you do need to send out a much greater number of emails to get any kind of a worthwile response rate.

Thanks for sharing.  Good luck with your email campaign.

Jan 24, 2015 08:09 AM #2
Ambassador
4,203,147
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Randy e-mail marketing is part of the marketing I do.  I have not had much sucess with it, but it is cheap, quick, and can be done often.

Jan 24, 2015 08:19 AM #3
Rainer
333,852
Frank Castaldini
Compass - San Francisco, CA
Realtor - Homes for Sale in San Francisco

I'm constantly working on refining this method.  I've gotten better.  I does produce calls an interest and as has been said it's super inexpensive.

Jan 24, 2015 11:18 AM #4
Rainmaker
849,035
Troy Erickson AZ Realtor (602) 295-6807
Good Company Real Estate - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Randy - You offer some great advice for anyone interested in Email marketing. The cost can't be beat.

Jan 24, 2015 12:43 PM #5
Rainmaker
6,210,837
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Email marketing has worked for me. This is good advice.

Jan 24, 2015 07:36 PM #6
Rainer
1,756,848
Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Hi Randy.  I have found email marketing to be very effective.

Jan 24, 2015 07:43 PM #7
Rainmaker
2,385,427
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Randy. If you are in business today, no matter what business, email marketing can be effective, to at least keep your name in front of many. It has served me well of the last few years.

Jan 24, 2015 09:07 PM #8
Rainer
82,483
Randy Kirsch
Right Trac Financial Group, Inc., NMLS# 2709 - Manchester, CT
(NMLS# 1012303) Your Dedicated Mortgage Consultant

It is cost effective @George and it takes a lot of thought and work to come up with a short and sweet message that will result in a favorable response rate.  I read somewhere that the response rate is generally low unless you are dealing with people that you know.

Thanks for sharing George.

Jan 25, 2015 03:33 AM #9
Rainer
82,483
Randy Kirsch
Right Trac Financial Group, Inc., NMLS# 2709 - Manchester, CT
(NMLS# 1012303) Your Dedicated Mortgage Consultant

You do need to constantly refine and refresh the message that you email out.  I too spend a lot of time on that aspect Frank Castaldini 

Thanks for sharing.

 

Jan 25, 2015 03:34 AM #10
Rainer
82,483
Randy Kirsch
Right Trac Financial Group, Inc., NMLS# 2709 - Manchester, CT
(NMLS# 1012303) Your Dedicated Mortgage Consultant

The cost is just right Troy Erickson and you can reach a large number of people with just a few clicks.  The secret to success is in the message.

Thanks for sharing.

Jan 25, 2015 03:37 AM #11
Rainer
82,483
Randy Kirsch
Right Trac Financial Group, Inc., NMLS# 2709 - Manchester, CT
(NMLS# 1012303) Your Dedicated Mortgage Consultant

Thanks Roy Kelley and I am glad to hear that email is successful for you.

Thanks for sharing.

Jan 25, 2015 03:37 AM #12
Rainer
82,483
Randy Kirsch
Right Trac Financial Group, Inc., NMLS# 2709 - Manchester, CT
(NMLS# 1012303) Your Dedicated Mortgage Consultant

I would not have thought that you use email Conrad Allen but I would guess that you are quite effective at putting out a great message.

Thanks for sharing.

Jan 25, 2015 03:39 AM #13
Rainer
82,483
Randy Kirsch
Right Trac Financial Group, Inc., NMLS# 2709 - Manchester, CT
(NMLS# 1012303) Your Dedicated Mortgage Consultant

I know you use email to distribute your newsletter Joe Petrowsky and it is well done.  No doubt another source of referrals for you.

Thanks for sharing.

Jan 25, 2015 03:40 AM #14
Rainmaker
1,508,825
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

I agree that one should start with their own database of people they know( family, friends) or past clients.

Mar 14, 2015 04:09 PM #15
Rainer
18,029
Stoney Lee Wilson
Tampa, FL

When I was a mortgage banker it was an integral part of my marketing plan. Email marketing definitely works; we've sent millions of emails for thousands of our clients with 30-50% open rates. Email marketing is consistently rated one of the highest ROI methods of converting leads for salespeople there is. Kuddos to all of you that are using it and hopefully getting the lead conversion metrics you're aiming for. 

Apr 27, 2015 07:06 AM #16
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