Marketing your new business can get complicated, especially when you have so many different options. Basically when you talk about marketing, there are two types - push and pull. Keep in mind that every business is different an every situation requires different methods. The important thing to remember is to just try and find what works for you and stick to it.
When you hear the term push marketing, it means that you are going to push your product upon the consumer. This means that you are going to make active efforts to get your name and business well known with mass e-mails, websites, plenty of paid advertising or even cold-calling. This generally requires a lot of effort on your part, but at the same time may be your only option if you ware just starting out your business.
On the other hand, a pull marketing effort means that the consumer comes to you instead of you finding them. This is done by word of mouth, speaking at conferences, or other types of media like interviews with the press, etc. This could be considered a harder method but in the long run it may save you money at the beginning and reap better benefits in the end. No matter which method you pick, there are always a few things to think about when it comes to marketing.
If you decide to use the push method, one of your biggest steps is to get paid advertising. There are many different branches when it comes to this, but it is a source that can get you customers quickly and easily. You can also start making an extensive e-mailing list. Or try an incentive based program offered to others in your same line of business. This is a good way to get others to promote your business and get your name out there. Many people who are in the same type of business as you will be willing to help you with other ideas of how they marketed their own business.
If you decide to use the pull method, there are also many options available to you. One idea is to develop good relationships with the media. Once one person hooks onto your business, everyone will start talking about it. This is the type of change reaction that your business needs. Try volunteering your knowledge to help others. This will help others and look good on your list of things you do. You could even start a blog and invite a few of your friends to read it. If they like it, invite them to share it with others. Word of mouth is the best type of free publicity available.
Don't forget that you don't have to decide between one marketing method or the other. If you are not getting the results that you want with one method, try something different. Maybe with a combined effort from both marketing strategies, you will find the right method for you and your business.
Push Pull Strategy Marketing
Effective marketing produces results, not just activity. The best way to make your marketing effective is to make sure you understand the elements of marketing: the four Ps of marketing.
Marketing is more than mere advertising. Successful marketing to Realtors means implementing a strategy. Using the four Ps is one way of guiding your marketing strategy. The four Ps of marketing are: Planning, Positioning, Packaging and Promoting.
Planning
A well thought out marketing plan is the foundation for your efforts. This marketing plan is your long term strategy of how you can attract the attention of Realtors. A good plan keeps you from making the same mistakes that most loan officers make: advertising not marketing.
Your marketing plan reflects the relationship that you want to attract and how you will attract them. When you have a plan of what you want to achieve, you can focus on how you will achieve it, and you know what you should ignore to keep from being distracted.
Positioning
The position that you want to focus on is the place you occupy in your prospects mind. Your position is a tool to reach your target audience. Positioning is your ability to connect with your target audience. You need to narrow your focus to position yourself as a specialist to that prospect.
When you specialize or occupy a position in the prospects mind, you establish yourself head and shoulders above the competition. If you do not spend the time to focus your marketing efforts, to position yourself, your message becomes diluted.
Packaging
Your materials are often the first thing a prospect sees: your website, newsletters brochures, postcards, etc. They form an impression based on these materials of your service. As a loan officer, these materials are how you package your service.
Professional designed materials convey an impression that you are established, credible, and stable. It also makes your brand more memorable, and reinforces your brand image.
Promoting
How do you promote your services? Your promotion establishes visibility for your brand identity. To attract and build relationships with Realtors, they must be comfortable and believe you to be trustworthy.
Promotion is a matter of repeating yourself through every medium available. That means making clear, concise materials that use opportunities available to reach your target audience. Again, think about your specialization and develop promotional materials for that audience.
When you develop a solid marketing plan that uses the four Ps of marketing, you attract the attention of your target audience: your Realtor prospects. A well developed plan at marketing to Realtors distinguishes you in a crowded field of loan officers. Your prospects focus on you and your brand with the guidance of the Four Ps.
Jeffrey Nelson has sinced written about articles on various topics from Debts Loans, Marketing and Real Estate. Go to to get a free copy of Jeff Nelson's Marketing Planning Guide, a 20-page workbook designed to help you outline a str. Jeffrey Nelson's top article generates over 33100 views. to your Favourites.
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