Today's Headlines - Realty Times
Posted On Thursday, 08 February 2024 13:58
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Posted On Thursday, 15 February 2024 00:00 Written by

 

I have said it before, but it is worth repeating, how you handle that first interaction with a prospect can vastly improve your conversion rates. Why is this important? Because improving your conversion rates amounts to free money! You work so hard to generate an opportunity, why not spend just a little time refining your process and improve your conversion rates? Scary part is, too many originators, managers, and companies don’t track this important information, much less put steps in place to improve it! So, if you aren’t tracking, or know what to track, here is what I suggest you look at. Initial contact, preapproval, contract, and of course, closings. You may have different terms, but you get the idea.

Of all of these, the initial contact can be the biggest and best place to improve your process to increase your overall conversion rates. This contact sets the stage and paints the picture for the client on how you work, what is needed, and the path to be taken that will complete the process for that client that meets or exceeds initial expectations! They say that you never get a second chance to make a first impression; in the mortgage business, if the first impression is bad, you will NEVER get that second chance! Some key factors in that first contact are: 

  • How did they come to call you?
  • Give them five minutes to share with you what they are looking to do.
  • Ask them if they are looking for specific or generic information?
  • If specific, share with them the documentation needed to do that and schedule a time for them to get that to you.
  • Share the benefits of following your plan, and the potential consequences if they don’t.
  • Schedule the next point of follow-up and preferred method of communication!
  • Call the referral source and thank them for the referral and share when your next follow-up is scheduled.

How you handle that first contact matters. If you would like help with this, please just email me: This email address is being protected from spambots. You need JavaScript enabled to view it. and let’s talk about it!

Posted On Monday, 12 February 2024 00:00 Written by
Posted On Tuesday, 06 February 2024 10:00
Posted On Tuesday, 06 February 2024 09:40
Posted On Tuesday, 06 February 2024 09:32

Have you experienced receiving a phone call from an unfamiliar number? Nowadays, it may seem like a rhetorical question because most of us have encountered such situations. The prevalence of spam calls on our mobile devices has made it a common occurrence.

Personally, I receive these phone calls at least every few days. I often wonder about their origin and how on Earth they got my number.

How about when you scroll through social media or a website, and you come across an ad for something you checked out a few days ago. It’s an item you’re genuinely interested in, but you can’t help but wonder how or why the ad is being served to you.

This instance, along with the strange capability of Google and other software being able to read your mind by showing you ads for things you searched for momentarily weeks prior, are all in the same category. We are all familiar with the reality that organizations that we connect with in some capacity for online shopping, article reading, or more leverage a good portion of our personal information to their advantage and, in essence, to ours.

And while some may find this type of personalized advertising helpful, others find it incredibly invasive. It all goes back to privacy, but now the questions that remain are: What is privacy in today’s digitally connected world, and from a business leader’s perspective, how do we navigate this with integrity?

Our Lives and Data Get More Digital Every Day

Since the dawn of public access to the internet, we have heard that any information shared on the internet is public domain, almost as if you surrendered your autonomy to the World Wide Web. Of course, this is still true today; however, the difference between today and yesterday is that today, customers are demanding their personal data stay private while simultaneously expecting more personalized content that fits their unique preferences. What a dichotomy!

I teach organizations around the world the principles of my Anticipatory Organization® Model, where they can become positive disruptors in a world that is constantly evolving with exponential digital advancements. With the decades of research I have conducted, I continue to encourage my clients and colleagues to pay close attention to the Three Digital Accelerators that propel powerful technology into the future: computing and processing power, bandwidth, and storage.

While my Three Digital Accelerators increase organizational operation efficiency, they affect our personal lives and the information we share online as well. For instance, in today’s digital landscape, those accelerators have made it possible for us to sign up for popular subscription services that make our lives the pinnacle of convenience. These include brand name subscription services like Uber Eats and Amazon Prime and extend to include grocery delivery, music, and even your traditional email subscriptions for travel deals.

Essentially, everything we could possibly want is online at our convenience, but convenience comes with the price of our personal information.

As the Three Digital Accelerators constantly lead us into the next great digital evolution, our lives will continue to become more digitized than ever. Similarly, as we continue to sign up for more and more services, shop online in any capacity, and generally use smart devices to simplify our lives, we will continue to use our name, phone number, email, and other sensitive information while agreeing to terms and conditions without many of us actually reading the fine print.

Thus, our personal data will continue to permeate the digital world and become data that others can access and leverage.

Privacy in Digital Marketing: Is There a Line?

From the perspective of a business leader, do you feel that once an individual customer enters their data online, is it no longer their personal information?

Throughout centuries, the essence of successful business has revolved around comprehending the needs and desires of customers, then offering them the appropriate solutions. Today, the essence of business remains the same, but the vast number of organizations offering similar products and services makes the process more difficult. Enter: Marketing.

We all know, based on the previous discussion of targeted ads and autonomous sales calls, the activity of promoting and selling products or services according to research on customer expectations and needs is just as digital as how individuals buy those products and services. Add in artificially intelligent marketing tools like geofencing, where your mobile device becomes part of a system that suggests products or services near you, suddenly that line between what is personal and what is public domain gets very blurry. 

In a highly digitized era where the internet is for sales, marketing, and more, it takes no effort for marketing professionals to have access to customer information, and in many cases, it is completely legal. But as specific ads are tailored to customers by leveraging their data, the responsibility of equitable marketing practice now falls on you, the business leader.

This line is drawn by you.

Posted On Tuesday, 20 February 2024 00:00 Written by
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