Wednesday, September 28, 2011

Testimonials: How to Market Success




Testimonials are not about bragging or tooting your own horn. Sharing your successes with your client base and associates is an essential part of growing your business and your reputation within the community. And a great way to do this is by utilizing testimonials in your marketing efforts. Not only do testimonials get attention, they can also create a sense of confidence in the idea of doing business with you.


The following are a few simple steps for gathering positive feedback from your clients:




When clients thank you for completing a phenomenal deal, ask them to write a testimonial for you about their experience.

If they're too busy to write it themselves, write it for them. Then have them simply approve and sign it.

Make sure you secure their permission to use the testimonial in your marketing efforts.

Create a file with as wide a variety of testimonials to draw from as possible.

Now it's time to leverage what you've gathered. Dr. Robert Cialdini, best-selling author and nationally-recognized researcher, has analyzed data on this topic and has discovered that the biggest and best testimonials are not always the most persuasive when it comes to increasing business.

Instead, Cialdini suggests that finding the right testimonial, one that your clients can strongly relate to, is much more effective in creating confidence. Cialdini believes that by obtaining testimonials from an array of clients, you'll create a diverse collection of simple, yet effective marketing messages that will hit the specific bull's-eye for each and every potential client.

For example, let's say you were to use a testimonial as part of a direct-mail flyer to first-time home buyers and, in your testimonial, your satisfied clients wrote about how you helped them build the retirement home of their dreams. Although your clients may have raved about your ability in that transaction, the message doesn't fit the specific needs and desires of a first-time borrower. Instead, select from your library of testimonials something that addresses the well-known fears of the home-buying process and how you were able to solve them. Something more like this:

"I was nervous about buying my first home, unsure if I could make the leap from renting to owning. But, thanks to John Real Estate
Agent, I'm finally living the American Dream."

If you'd like to learn more about Dr. Robert Cialdini and his strategies on the powers of persuasion, give me a call. I have an incredible interview on CD I'll gladly share with you.

Thursday, July 14, 2011

Good Debt vs. Bad Debt – What’s the Difference?

If you've ever struggled to keep up with all those
darn payments-including the credit card and car
payments-you'll want to tune in to this important
article...

More and more people are getting swallowed up
by debt. I'm sure you've read and heard many of the
statistics and stories in the news. One of the keys to
financial independence is to get rid of your bad debt
and acquire good debt.

Bad debt is debt that makes you poor, such as credit
card debt, car loans, etc. - this is consumer
debt. Good debt is debt you acquire that actually works
for you. The best example of good debt is a mortgage
loan on a rental property that throws off positive cash
flow every month. Good debt is money that you borrow
to purchase assets that put money in your pocket.

==============================
5 Steps to Eliminate Your Bad Debt and Acquire
More Good Debt
==============================

Step 1 - Stop accumulating bad debt. Whatever you
purchase via credit cards must be paid off in full at the
end of each month. No exceptions.

Step 2 - Make a list of all your consumer (bad) debts.
This includes each credit card, car loans, and any other
bad debts you have acquired.

Step 3 - Refinance your mortgage to consolidate your
high interest debts. Chances are you've built up
enough equity in your home to pay off your high
interest credit cards and consumer loans.

As your mortgage advisor, I can help determine
how much equity is available and how much you
can save by increasing your mortgage balance to
pay off bad debts at lower interest rates.

Step 4 - Explore the option of using additional
equity in your home to increase cash flow. After
you consolidate your bad debts you may still
have equity left over to invest in a secure cash
flow producing asset.

For example, the equity could be invested in a
First Mortgage Fund that earns 9% interest. With
a home mortgage interest of 5% the net return
on this investment would be 4%. That return can
be left to compound or withdrawn every month.

Step 5 - Pay yourself first. Put aside a set percentage
from each paycheck or each payment you receive
from other sources. Deposit that money into an
investment savings account. Once your money goes
into the account, NEVER take it out, until you are
ready to invest it. Now - instead of just paying
creditors - you're paying yourself for only one type
of purchase: assets that give you positive cash flow
each month. By adopting this as a consistent habit
you will be out of the Rat Race faster than you ever
dreamed!

I look forward to hearing about your success stories
as you apply these financial principles to your life.

Your trusted mortgage advisor,

Ronald Ephard
778-881-0276
www.tmacc.com/ronaldephard

Tuesday, June 28, 2011

Carney says may need to keep rates low: report | Canada | Reuters


Carney says may need to keep rates low: report | Canada | Reuters

OTTAWA (Reuters) - Canada's central bank may need to keep interest rates low as the economy faces "substantial headwinds," Bank of Canada Governor Mark Carney said in an interview published on Friday.