How to be a Reverse Mortgage Celebrity

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Practical Tips to becoming your own celebrity spokesperson

You’ve seen them on television and read about them in our industry’s news wire, celebrity spokespersons. The question is how can you become your area’s local reverse mortgage celebrity?

celebrity-hatFew of us have the financial means to launch a national television campaign, take out a full page ad in a national publication or make a public splash in the national consciousness, however you can become the best known celebrity advocating reverse mortgage in your local area. How?

Here’s how to become your local reverse mortgage celebrity:

First and foremost branding. You can affix a magnet placard to the sides of your car, wrap your vehicle with reverse mortgage graphics or simply create a snazzy rear window screen graphic. Be sure to include a value proposition, your name and a call to action for others to call you. You may even consider creating your own jacket, collared shirt or vest advertising your services. Can you imagine the numerous spontaneous conversations that you could have while in line at the grocery store, bank or post office? Don’t miss the opportunity your public presence has to brand you as the go-to person for all things reverse.

Second: Make friends, especially in the media…

 

Download a transcript of this episode here.

Looking for more reverse mortgage news, commentary and technology? Visit ReverseFocus.com today.

What’s Stopping Them?

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Academic study links consumer knowledge to HECM demand

Misinformation, fear, a biased media? Are these the factors stopping older homeowners from utilizing a reverse mortgage?

reverse mortgage newsA recent report entitled “Reverse Mortgages: What Homeowners Know and How it Matters” states that knowledge of the HECM product is strongly associated with consumer demand. Today the knowledge of reverse mortgages in the general public is fairly low. The report is co-authored by Dr. Thomas Davidoff, associate professor for the Strategy & Business Economics Division at the University of British Columbia Sauder School of Business. Davidoff focused on the level of financial literacy amongst homeowners 58 and older and how their knowledge of the reverse mortgage influences the overall demand for the product.

Surprisingly 97% of survey respondents have heard about reverse mortgages with only 2% having any practical experience with the loan…

 

Download a transcript of this episode here.

Looking for more reverse mortgage news, commentary and technology? Visit ReverseFocus.com today.

8 Ways to Reach Boomers & Their Parents

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reverse mortgage newsYou know how to reach reverse mortgage prospects. Between your own marketing expertise and all the tools, training and technology available from ReverseFocus.com, you’ve got lead generation down to a science.

But with the Boomers now a “sandwich generation” — as well as those on the oldest end of the spectrum potential reverse mortgage candidates themselves — it pays to appeal to both Boomers and their parents for maximum impact.

Here are eight creative ways to reach both audiences:

  • Develop webinars to attract internet-savvy prospects, and consider catchy titles such as “Heart to Heart for Your Smart Future”.
  • Contact medical doctors, chiropractors, integrative medicine clinics and other health service providers popular among Boomers who work with a senior population, and ask about holding talks or workshops there. Emphasize the win-win: you’ll bring potential new business to their door.
  • Offer midday or after work talks at YMCAs, churches and synagogues, Lion’s Clubs, Elks Lodges, and similar membership organizations. Large corporations may even be willing to hire you to give workshops (e.g., a lunchtime talk series) as long as it is informative and not sales oriented.
  • Discover where Boomer women in your region convene: women’s business networking groups, college alumni events, wellness conferences, etc., and offer a talk on the benefits of creating solvency for older women, particularly if they live alone or believe they may in the future (single, widowed, divorced, etc).
  • Research city guides of community services and target these service centers as possible speaking venues.
  • Blog! The simpler and shorter the article, the more likely it will be read — and shared via social media. Make a list of topics or questions Boomers and their parents might most want to know more about (not only reverse mortgage information, but anything relevant to aging in place, their home, health, finances, etc.)
  • Arrange a roundtable conversation about hot topics, such as “The challenges of aging” or “How to navigate and work through conflict,” that will appeal to both Boomers and their aging parents.
  • Contact estate planning attorneys, mediators, therapists, libraries and other sources that accept for-profit organizations as speakers (emphasize your senior service focus).

The Law of Reciprocity

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The Powerful Yet Unspoken Rule for Human Interaction
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Reverse Mortgage News
Reciprocity. The unspoken rule that we should repay in kind what another person has done for us. It’s one of our most powerful tools in sales or influencing others. Does it work? Here’s one example. A university professor tested the principle sending Christmas cards to perfect strangers. He was amazed as he received numerous holiday cards from these perfect strangers who never asked how they knew him. They received his card and felt obligated to respond in kind…

 

The Psychology of Influence by Robert Cialdini  

Need more reverse mortgage tools, training & technology? Visit www.ReverseFocus.com  today

Download Full Video Transcript Here

Ho-Hum January? Smart Marketing For All Seasons

With a little ingenuity, you and your reverse mortgage prospects and clients can find ways to celebrate all year long. For instance: did you know January is National Oatmeal Month, as well as National Soup Month and Hot Tea Month? What a perfect lead-in for a lunch ‘n’ learn, where (depending on the venue and menu available) seniors could be served tea and soup along with a heaping helping of housing wisdom.

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