Wednesday, May 16, 2007

So we have relied on lead companies for several years and now we are finding some of them are not providing the volume we need. For the smaller brokers out there this poses a dilemma. We find ourselves short of lead inventory. We have little to no marketing experience and know next to nothing about internet lead generation. So what is next? There are some ways we can begin to educate ourselves without spending wasted monies. Google and Overture for the smaller broker can be costly depending on the keywords mix we manage. http://www.superpages.com./on the other hand is an easy way to start familiarizing yourself with internet marketing and generating mortgage leads. The same holds true for the yellow pages on line. They are geographically targeted and tend to be less expensive than the bidding on Google and Overture. Start contacting some of your local websites and inquire about banner ad pricing. You may be surprised how relatively inexpensive it is. Local newspapers, TV and radio stations are great starting points.

Over the next few weeks I will be adding several methods that will assist you in starting up your own small internal mortgage lead generation program.

3 comments:

Anonymous said...

we tried google and yahoo and we wasted our money. We did have some luck with an outfit called kanodle ( i think that is the spelling) but overall it was too much work and money spent for nothing. We will try the superpages. Any other sites like that would be appreciated. thanks for the very informative site

Anonymous said...

Thanks for the advise. We tried Google about 5 months ago and in fact the keywork costs were way too high. I think at one point our marketing costs per application was over $125.00. we have been on the yellow pages now for about 3 weeks. Our costs are down to about $65.00 and what we like best is we can go see the consumer at closing. It gives some real focused demographics to control our marketing dollars

Thanks
Reggie Banister
Capital Mortgage Group

Anonymous said...

google and yahoo and many other media channels can be very effective for you, but you need more than just the time, knowledge and money to make it work. You also need a website that will engage the consumer and make it easy to complete an application or a request to be contacted. That is one of the real keys to Internet marketing that gets overlooked.

Good luck,

Jeff
ConsumerTrack.com