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  • Will You Add? - Things My First Mortgage Mentor, Trainer, Broker Should Have Told Me - Part I

    The 5 'P's of Motivating an Audience
    Let’s cut right to the chase of this article. There are five ‘P’s in motivating your audience. Whether your audience is a room of fifty to five hundred, an employee or a prospective client, you need to take them through these five ‘P’s to motivate them.• PAY ATTENTION – First on the list is to ensure they are paying attention to you. Before you can motivate anyone they have to listen to you. In today’s world of voice-mail, email, snail mail, telephone, cell phone and headphones, it is getting harder and harder for one to listen and be listen
    as well as lender seminars have any bearing on what salespeople actually do.

    To be successful in this business you need to learn concrete skills such as how to find prospects, how to work with a client, how to over come objections, and how to close the deal. Many new people in the business have no idea what to say once they get a client.

    Each and every day you need to improve the way you do business.

    Build Credit in your Name
    If you have delinquent credit and are married, you might want to build your credit in your name instead of using your spouse. Somebody has to have stability. Also if you are divorced and all the credit cards of credit information are in your spouse’s name you will need to reestablish your credit in your name.Getting your credit reestablished is the first step to repairing your credit. When you obtain your credit report you will see that your spouse’s name is listed on the credit reports. This is because together you and your spouse applied for
    If you could start your mortgage career over...knowing what you know today...would you do anything different this time around?

    Interesting question isn't it? Obviously, you can't turn back the clock, but you can move forward with what you've learned plus the following advice touted by other mortgage professionals.

    1. You're in business for yourself.

    It may have become obvious to many of you, but did anyone really tell you that in the beginning? Probably not.

    You do your due diligence to fulfill your licensing requirement(s), your company training and orientation, and generally learning the ins and outs of the mortgage business.

    You also recognize that to be successful, you need to improve your presentation and communication skills, your attitude, your planning ability, and a whole host of other self-improvement topics.

    But nobody told you that you had to be a computer and technology expert, knowledgeable about budgeting, advertising, accounting, time management and all kinds of other issues related to being in business for yourself.

    And of course, nobody told you to generate a detailed and comprehensive "marketing plan" with time-lines and goals. It's this "marketing plan" that you need to review and evaluate once a month or so, and then change and upgrade as required.

    It's my opinion that for most of us, the mortgage business is not all that difficult. What many people just can't handle is being in business for themselves, and all the issues that this brings.

    2. Never stop learning.

    Only a small part of what you learn in licensing school, company training and orientation, as well as lender seminars have any bearing on what salespeople actually do.

    To be successful in this business you need to learn concrete skills such as how to find prospects, how to work with a client, how to over come objections, and how to close the deal. Many new people in the business have no idea what to say once they get a client.

    Each and every day you need to improve the way you do business.

    What MACD & RSI Mean in Forex Trading?
    As a forex trader your main objective must be to become a profitable trader. In order to achieve this goal, it is vital that you learn how to use the widely known technical indicators. These are very useful parameters that will tell you with a high probability what the forex markets are more likely to do in their apparently disordered behavior as observed on the forex charts.Among these indicators you will find the MACD and RSI; but what’s the meaning of these letters?, you may be asking yourself. Well, here is the answer:Moving Average
    t did anyone really tell you that in the beginning? Probably not.

    You do your due diligence to fulfill your licensing requirement(s), your company training and orientation, and generally learning the ins and outs of the mortgage business.

    You also recognize that to be successful, you need to improve your presentation and communication skills, your attitude, your planning ability, and a whole host of other self-improvement topics.

    But nobody told you that you had to be a computer and technology expert, knowledgeable about budgeting, advertising, accounting, time management and all kinds of other issues related to being in business for yourself.

    And of course, nobody told you to generate a detailed and comprehensive "marketing plan" with time-lines and goals. It's this "marketing plan" that you need to review and evaluate once a month or so, and then change and upgrade as required.

    It's my opinion that for most of us, the mortgage business is not all that difficult. What many people just can't handle is being in business for themselves, and all the issues that this brings.

    2. Never stop learning.

    Only a small part of what you learn in licensing school, company training and orientation, as well as lender seminars have any bearing on what salespeople actually do.

    To be successful in this business you need to learn concrete skills such as how to find prospects, how to work with a client, how to over come objections, and how to close the deal. Many new people in the business have no idea what to say once they get a client.

    Each and every day you need to improve the way you do business.

    Increase Your Online Sales With Third Party Affiliate Networks
    Third party affiliate networks such as Commission Junction, LinkShare, Shareasale and ClickBank are essential resources for the serious online affiliate marketer. They provide the affiliate marketer with products to sell, website content, hourly stats, complete tracking and collecting services. More importantly they send out your monthly commission checks.If you're new to online affiliate marketing, perhaps a brief explanation is needed. Any webmaster or marketer can join an affiliate program and place affiliate links on their web
    other self-improvement topics.

    But nobody told you that you had to be a computer and technology expert, knowledgeable about budgeting, advertising, accounting, time management and all kinds of other issues related to being in business for yourself.

    And of course, nobody told you to generate a detailed and comprehensive "marketing plan" with time-lines and goals. It's this "marketing plan" that you need to review and evaluate once a month or so, and then change and upgrade as required.

    It's my opinion that for most of us, the mortgage business is not all that difficult. What many people just can't handle is being in business for themselves, and all the issues that this brings.

    2. Never stop learning.

    Only a small part of what you learn in licensing school, company training and orientation, as well as lender seminars have any bearing on what salespeople actually do.

    To be successful in this business you need to learn concrete skills such as how to find prospects, how to work with a client, how to over come objections, and how to close the deal. Many new people in the business have no idea what to say once they get a client.

    Each and every day you need to improve the way you do business.

    Taking Better Ebay Photos
    One of the most vital elements in an online auction is the photography of the item being auctioned. People want to see pictures of things they are contemplating buying. Approximately 90% of all auctions on eBay have images. More than 80% of buyers will skip over an auction without photos.A photograph may be worth well more than 1000 words when the item being sold is for example, a rare coin. Potential bidders can view the coin in close up detail, and verify the seller's stated description of the item, as well as any certificates of authent
    ed to review and evaluate once a month or so, and then change and upgrade as required.

    It's my opinion that for most of us, the mortgage business is not all that difficult. What many people just can't handle is being in business for themselves, and all the issues that this brings.

    2. Never stop learning.

    Only a small part of what you learn in licensing school, company training and orientation, as well as lender seminars have any bearing on what salespeople actually do.

    To be successful in this business you need to learn concrete skills such as how to find prospects, how to work with a client, how to over come objections, and how to close the deal. Many new people in the business have no idea what to say once they get a client.

    Each and every day you need to improve the way you do business.

    Using Credit Cards Wisely
    Using credit wisely is a good habit that, with only a little financial education, you can learn quickly. Using credit cards wisely will enable you to save money by avoiding late fees or penalties for exceeding credit card limits. You can even learn how to pay NO interest and have your credit score reflect the fact that you are using credit cards wisely! Credit cards are not evil, nor are they a problem provided you learn to use credit cards wisely.Wise credit card use means making payments on time and avoiding having too many credit card acc
    as well as lender seminars have any bearing on what salespeople actually do.

    To be successful in this business you need to learn concrete skills such as how to find prospects, how to work with a client, how to over come objections, and how to close the deal. Many new people in the business have no idea what to say once they get a client.

    Each and every day you need to improve the way you do business. Take at least an hour each day to improve your skills and knowledge and in a years time you'll be among the very best loan originators.

    3. You only have 30 seconds to sell yourself.

    It's one thing to say that a salesperson should gather leads and close loans but, most of us aren't adequately trained to know how to be persuasive and get critical information in a 30 second encounter.

    Without proper training, this is a lost opportunity. Personality profiling and learning how to read people, is one way to build rapport quickly. You can actually adapt your client's communications style to mirror their demeanor and gain a deeper connection.

    I always suggest continuing education classes that expand your knowledge of personality types, developing good listening skills, and the ability of focusing on your client's interests instead of yours. Done correctly, this goes a long way towards making a good instant impression.

    4. Some deals just aren't meant to be.

    No matter how good you are...there are times you can't figure out if this person is "for real."

    They may call and say they need loan information...then they disappear. Or, there may be an unwillingness to get pre-qualified or pre-approved.

    Even the very experienced salespeople sometimes miss the red flags that indicate an unmotivated prospect. "Flaky" customers do come with the job. Don't let them get you down...cut your loses and move on.

    5. Don't confuse years on the job with skill.

    When you're new and unsure of your mortgage knowledge, it's natural to hang around more experienced loan officers/mortgage brokers. Just be carefu

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