How To

How to Market Reverse Mortgage Companies

Member
By Sheryl Mahaffey-Pimentel
User-Submitted Article
(2 Ratings)
Effective Promotional Ideas for Reverse Mortgage Businesses
Effective Promotional Ideas for Reverse Mortgage Businesses

Advertising and promotion of Reverse Mortgage companies is a creative process. The recession has opened the doors to receptiveness when it comes to learning about mortgage options. Using the right tools will push your company into the limelight as experts in the reverse mortgage industry. Becoming media and community service savvy is paramount to your success. You'll be amazed how many promotional opportunities are free.

Difficulty: Moderately Challenging
Instructions
  1. Step 1
    BE  YOUR AREA'S REVERSE MORTGAGE INDUSTRY EXPERT
     
    BE YOUR AREA'S REVERSE MORTGAGE INDUSTRY EXPERT

    Reach your target audience by becoming active in your community as a seminar presenter. Since everyone wants to know "What is a Reverse Mortgage?" This is a common topic for seminars/classes at Senior Citizen Centers, city recreation departments and college enrichment programs. The beauty is you probably won't pay a dime. In fact, you may be paid for teaching the class. Imagine the potential customers you'll reach. Keep your class of a general industry nature, subtly working in your reverse mortgage company's name. The sponsoring agency will frown upon overt promotion. This is a win-win situation. You'll conduct a free marketing campaign of your reverse mortgage company and may earn a stipend!

  2. Step 2
    DISTRIBUTE BUSINESS CARDS AT REVERSE MORTGAGE SEMINARS
     
    DISTRIBUTE BUSINESS CARDS AT REVERSE MORTGAGE SEMINARS

    Contact local Chamber of Commerce's and Visitor & Convention Bureau to register for their Speaker's Bureau. You can be their go-to person for several categories including reverse mortgage refinancing and loans, as well as other real estate topics. This is an excellent opportunity for you to pass out flyers and business cards at the end of the presentation. Make yourself available to service organizations in need of meeting speakers including the Lions, Kiwanis and Rotary Clubs.

  3. Step 3
    ADD RADIO & TV ADVERTISING TO YOUR REVERSE MORTGAGE PROMOTIONAL CHECKLIST
     
    ADD RADIO & TV ADVERTISING TO YOUR REVERSE MORTGAGE PROMOTIONAL CHECKLIST

    If you have a decent marketing and advertising budget, consider sponsoring a segment on reverse mortgages on your area news magazine shows. As part of the package, your advertisement will be shown and you'll be interviewed as a local expert on the subject. The average consumer may not realize you actually paid for the opportunity! This applies to radio shows, too. Check radio talk show station websites to get a feel for their content. You may be able to get on as an expert without paying anything.

Tips & Warnings
  • Do an email marketing or Twitter campaign so your customer base knows you made a public appearance or helped out a service club or charity.
  • Uneasy about public speaking? Join your local Toastmasters or Toastmistress organization.
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