Latest / Mortgage Marketing Radio / How to Use Content Marketing to Explode Your Business
Transcript
- 0:00In today's highly competitive mortgage industry, building profitable relationships with
- 0:04the real estate agents is essential for success.
- 0:06However, finding effective ways to secure agent relationships can be a challenge.
- 0:11With so many mortgage loan originators vying for the attention of real estate agents, it
- 0:15can be difficult to stand out and establish meaningful connections.
- 0:20Our new case study featuring loan officer Chris Cogill is a must-read.
- 0:25Chris has closed a remarkable 36 million in funded loans from agent referrals.
- 0:31And in this case study, he shares his proven strategies for building strong relationships
- 0:34with real estate agents and leveraging those relationships to drive more business.
- 0:39To get your hands on this resource, head over to LOKestudy.com and download your free copy
- 0:45of the case study today.
- 0:47You'll find actionable insights and practical tips that Chris used to close 36 million
- 0:52in funded loans from agent referrals and how you can, too.
- 0:56Don't miss out.
- 0:57Go check it out right now.
- 0:58Visit LOKestudy.com and download your free copy today.
- 1:03Hey, boys and girls, ladies and gentlemen and aliens from another planet.
- 1:15If that's you listening, welcome to this episode of Mortgage Marketing Radio podcast.
- 1:19I am thrilled for you to be tuning in and hearing my voice whether this is the first time,
- 1:24the hundredth time I'd love to know.
- 1:26You can always connect with me over in the Facebook group for the podcast.
- 1:30Go to Facebook and just type in the search Mortgage Marketing Radio.
- 1:33Make sure you join the group.
- 1:34For loan officers, please fill out the questions if you want to get in.
- 1:37We want to make sure we're building a like-minded, well not like-minded, a diverse group of people
- 1:42but they are all mortgage lenders.
- 1:46That's the key.
- 1:47If that's you, head on over to Facebook to check that out.
- 1:50Number one, announcement.
- 1:51Number two, this podcast episode is brought to you by the Mortgage Marketing Pro membership.
- 1:55What is that, you ask?
- 1:56That is the community of professionals who are focused on two things.
- 2:03Building their referral platform, ongoing referrals delivered to you every single month like
- 2:09clockwork and building out a consumer direct digital marketing business simultaneously.
- 2:14I call it the hybrid loan officer.
- 2:17That's right, the hybrid loan officer.
- 2:19You can learn more about that by going to hybridelo.com.
- 2:23What is that?
- 2:24It's a community where we provide you turnkey, done for you, educational content platform
- 2:28to be able to reach, engage, connect and convert real estate agents to referral partners
- 2:33and also build out a consumer direct strategy that includes digital marketing, templated
- 2:37done for you, turnkey, Facebook ads, Google ads, SMS texting, voicemail, video email,
- 2:43etc.
- 2:44And much, much more hybridelo.com.
- 2:47Check that out.
- 2:48Okay, so this podcast episode, I'm thrilled.
- 2:50This is not the one of those episodes that's probably two years in the making.
- 2:56This is a gentleman, my special guest, Marcus Sheridan.
- 2:59A gentleman I've been following for years, who I originally heard about him years and
- 3:04years ago by reading an article about how he took his pool company, River Pools and
- 3:11Spas from the economic collapse of 2008 when he was just about to go under, started integrating
- 3:20and leveraging content, content marketing back then, of course, in the form of articles
- 3:24and blogs and things like that.
- 3:27And fast forward, what's happened is Marcus not only turned his company around to become
- 3:32the most trafficked pool website in the world with over 750,000 now over a million hits
- 3:39per month.
- 3:40A pool website company that installs fiberglass pools, okay?
- 3:45So he can do that with content marketing, imagine what you can do with mortgage or real
- 3:48estate.
- 3:49And so fast forward, like I said, is to now, Marcus became so successful with content that,
- 3:55of course, he got on the radar of different companies and publications and eventually
- 3:59published two books and is now a highly sought after international keynote speaker who's
- 4:05a transformational presenter but also transforms businesses when he works with him.
- 4:10Let me give you a quick few stats around Marcus.
- 4:12Marcus has been dubbed a web marketing guru by the New York Times and in 2017 Forbes named
- 4:18Marcus one of the 20 speakers you don't want to miss.
- 4:22I'll continue here.
- 4:24As author of the content marketing book, they ask you answer, right?
- 4:29Marcus has inspired thousands to achieve their potential but also given the tools they
- 4:33need to get there.
- 4:34Mashable created Marcus's book, the number one marketing book to read in 2017.
- 4:39And Forbes listed Marcus's book as one of 11 marketing books that every CMO should read.
- 4:47He's been featured in the New York Times, the Globe and Mail, Content Marketing Institute
- 4:51and Social Media Examiner.
- 4:52He has inspired thousands of audiences and helped millions of people from all over the
- 4:56world to achieve their own success with his, they ask you answer philosophy.
- 5:01It's one hell of a bio.
- 5:04So Marcus and I have a conversation today all about they ask you answer, content marketing,
- 5:10video or not, what to say, what to post, how to quickly build trust.
- 5:15And most importantly is make sure you also jot this down in the show notes.
- 5:19Marcus generously offered a free two hour course that unpacks his book and the principles
- 5:26behind they ask you answer.
- 5:29So to get that free two hour course, you go to impact plus dot com.
- 5:33That's I am P A C T impact, right, like having an impact impact plus dot com two hour free
- 5:42course.
- 5:43And listen, once you hear Marcus, you'll be convinced that this man knows what he's talking
- 5:48about and that you'll want more.
- 5:50So check that out.
- 5:51Look to the show notes for that and for links to the hybrid LO dot com if you want to learn
- 5:56more there as well.
- 5:57So hope you enjoyed this episode as much as I have and I'm going to go back and listen
- 6:01to this a second time.
- 6:03So without further ado, let's get into this week's show.
- 6:07Marcus Sheridan, welcome to the show thrilled to be here, Jeff, we're going to have a great
- 6:11conversation.
- 6:12I got a good feeling about this.
- 6:13We certainly are.
- 6:14And I have to say that I have seen a lot of speakers in my day.
- 6:18And when I saw you at social media marketing world, I don't know, two years ago before
- 6:21the world changed with COVID, man, I have to say, and this is not blown scurred, blown
- 6:26smoke.
- 6:27I'm just scared.
- 6:28I mean, dude, like seriously, you clearly know how to control an audience and speak and
- 6:32influence.
- 6:33I was blown away.
- 6:34And so I just wanted to shout out to you.
- 6:36Well, you know what's interesting about that.
- 6:37I think it's analogous to building a brand and online into a successful business too, because
- 6:49early on, the thing that makes me different as a speaker as you know, Jeff, is I go into
- 6:55the audience and it is a very interactive and for some people, that's a bit awkward.
- 7:06And the thing about that is, here's what it produces.
- 7:10What it produces is some of the most fascinating feedback forms you'll ever see as a speaker,
- 7:17because roughly 95% of the audience will say, this was amazing, best talk in the conference,
- 7:2495% might say, he invaded my space.
- 7:29I didn't like that he yelled at me, or you know, something along those lines.
- 7:35And early on, I had to say to myself, do I want to appease the five, or the 95?
- 7:43And so much has that really lines with building your tribe, your audience, knowing who you
- 7:48are, knowing what you're not, letting go of that which you're not, and being okay with
- 7:53it.
- 7:54And I think so many businesses are afraid to let go of that which they are not, which is
- 7:59why if anybody knows me, not to go off in too much of a tangent here, but I think everybody
- 8:05should have a section on the website that is who are not a good fit for, because the moment
- 8:10you're willing to say what you're not, you become dramatically more attractive to those
- 8:16who you are a good fit for.
- 8:18And I made a career off of being different and memorable as a speaker.
- 8:25Yeah.
- 8:26And you talk about that in your book.
- 8:30It's, you call it the quickest way to build trust, right?
- 8:33Is it disarmament?
- 8:34Yeah, disarming is the process of saying what they least expect.
- 8:40Now saying who you're not a good fit for is absolutely an example of disarmament.
- 8:46So I use that phrase because when you're in a hostage situation, the first thing the
- 8:52negotiator says to the bad guy is put your weapons down.
- 8:56Let's have a conversation.
- 8:57Why?
- 8:58Because it's really difficult to have a conversation and I build trust if somebody's weapon
- 9:03slash guard is up.
- 9:06So if somebody's willing to drop their guard, then we can start to build relationships
- 9:11of trust.
- 9:12So there's many things that people ask us and we communicate where they're actually
- 9:20expecting us, the viewer, the reader, the listener, the audience, they're expecting us to
- 9:25be biased with how we say it, how we show it.
- 9:30But if we can disarm them, then quickly they're going to say, oh my goodness, this company's
- 9:35different.
- 9:36So let me give you an example of this and this may or may not come up.
- 9:40I know we're just going in random order here and that's the funnest way to do it, right?
- 9:44I want to swing pool company and so one of the questions I used to always get was Marcus
- 9:50be honest, tell me why should I choose a fiberglass pool over concrete?
- 9:54Now we only sell fiberglass pools.
- 9:57That only fits a certain percentage of the market.
- 9:59So how would somebody produce an article or produce a video that talks about the differences
- 10:02between concrete and fiberglass knowing that the audience expects you to sit there and
- 10:08spout off all the reasons why fiberglass is great and why they shouldn't go concrete.
- 10:12And that's a dumb way to do it.
- 10:13It's certainly not going to induce the most trust.
- 10:15So how do you do it?
- 10:16How would you say it?
- 10:17Let's pretend I was doing a video on that right now.
- 10:19Let me show you in this, I'm going to give you probably three examples of disarmament
- 10:25in this quick intro, almost like I'm giving a video.
- 10:29So it might sound something like this.
- 10:30You know, one of the questions we get here all the time at River Pools is, okay Marcus,
- 10:34be honest with me.
- 10:35Tell me, why should I choose fiberglass over concrete?
- 10:38Well, the truth is you shouldn't always choose fiberglass over concrete.
- 10:44In fact, there are times when concrete is the better option.
- 10:50So what this video is going to do, it's going to explain to you honestly and transparently
- 10:55the pros and the cons of both types of pools.
- 11:01Then by the end, hopefully, you'll have a great sense as to which is the best choice
- 11:06for you.
- 11:07I said, three things there that would make an audience almost flinch with, I'm surprised
- 11:13you said that, one, fiberglass isn't the best fit for everybody.
- 11:19Two, there are times when concrete is the better option.
- 11:24Three, we're going to talk about the pros and the cons of both types of pools.
- 11:30All these are signals or indicators to you, the listener, the view, the audience of, hey,
- 11:36this person, they're actually out for me.
- 11:40They're not out for them.
- 11:42They're willing to call it like it is and that's rare.
- 11:47Very few businesses and brands speak that way.
- 11:51So you talk about mortgage lenders, right?
- 11:56How often does somebody talk about who they're not a good fit for or a specific type of loan
- 12:02and who it is and who isn't a good fit for when it is or isn't the ideal situation?
- 12:10Rarely do they do that, Jeff, and that's problematic.
- 12:14Yeah, and 100% on point with that, and I love your approach.
- 12:18And oftentimes I'll ask that question to audiences, real estate agents included like, who's
- 12:23your customer, right?
- 12:24And what do they say?
- 12:25Everybody, right?
- 12:28But people are fearful of that, which is, well, if I'm not, if I'm just, you know, you
- 12:33know, you've heard this, if I'm just for this group over here, I'm going to lose that business.
- 12:37Even though I could, they could be my customer because it's not a fiberglass concrete thing.
- 12:42It's just who are you specializing in type of customer type of loan?
- 12:45You know, what do you say that?
- 12:46What do you say to those people who are afraid to put that stake in the ground?
- 12:52You will, if you are afraid to do that, you will live in a sea of sameness.
- 12:58And that's, to me, way more scary.
- 13:05Appearing like coming across as everyone else in your space, and let's be honest, you
- 13:11just take, you know, mortgage lender brokers or even real estate, there's a lot of sea of
- 13:18sameness there.
- 13:19Oh, yeah.
- 13:20They sound alike, look alike, the websites did just show very similar sometimes.
- 13:27And this is, this is very problematic.
- 13:30What are you saying or doing that makes me say, my goodness, they are different.
- 13:33And you got to be honest with yourself, are you saying something so different?
- 13:39You know, in my swample company, we talked about things nobody in the world had talked
- 13:43about.
- 13:44I mean, without exaggeration in the world, that's how we became the most trafficked swimming
- 13:50pool website in the world by not being like everybody else, by going against the grain,
- 13:55by pushing the envelope.
- 13:56And I've seen now thousands of other companies do it since that time, that have embraced
- 14:01these principles.
- 14:03Conceptually, it's, it's very, very simple, but unfortunately, most aren't willing to
- 14:08do it to your point, Jeff, because it's a leap of faith.
- 14:12It is different.
- 14:14It is change.
- 14:15We resist change.
- 14:17But when you do it, it's liberating because now you can communicate and therefore entrust
- 14:21at the highest of levels.
- 14:23Yeah.
- 14:24Real quick, what I want to do is for those that may not be aware, I want to set up the
- 14:27context of you and river pools and being the most trafficked website on the planet, because
- 14:33you were a trailblazer, why don't you give us the quick setup on how, you know, what
- 14:37the story is there?
- 14:39Start the company in 2001 out of college, things were going okay until 2008.
- 14:43We had the crash, almost lost the business.
- 14:45That's when I started research really about the internet.
- 14:48I knew how I was changing in terms of a buyer.
- 14:52So I said, our buyers, our customers are changing as well.
- 14:56And so as I researched things like in-bound marketing, content marketing, social media, blogging
- 15:00on stuff, what I essentially heard in my simple pull guy mind was, you know, Marcus, if you
- 15:05just obsess over your customer's questions, worries, fears, issues, concerns, and you're
- 15:10willing to address them on your website through text, through video, you might save your
- 15:16business.
- 15:17And so I said, well, dag on it, I got nothing to lose because I'm already going to lose
- 15:21my house.
- 15:22I'm already going to lose my employees.
- 15:25I'm going to file bankruptcy if we don't do something very drastic.
- 15:28And so I said, that's what we're going to do.
- 15:31And I brainstormed all the questions that I had received over the years in sales appointments.
- 15:36And one by one, I started to answer them honestly, transparently through text through video
- 15:41on our website.
- 15:42I did this for two straight years until we ended up becoming essentially the Wikipedia
- 15:47of fire glass pools.
- 15:49And we're getting almost a million visitors a month during the summer right now to our
- 15:54website.
- 15:55And I'd exploded the company.
- 15:57But that is a philosophy that today is called, they ask you answer.
- 16:03It became a book and that book has become a best seller.
- 16:06It's been translated now in multiple languages.
- 16:09But they ask you answer really, somebody says to me, what is they ask you answer?
- 16:14It's three main things, Jeff.
- 16:15Number one, it's an obsession with the questions where he's furious as you concerns of your customers
- 16:19and the willingness to address those on your website.
- 16:22Number two, it's the willingness to teach and communicate to your customer's potential
- 16:26customers in the way that they want to be communicated with.
- 16:29In other words, do they want to see it on video?
- 16:32Okay.
- 16:33Well, if they do, it's your job to show it and not complain about it.
- 16:36And then finally, number three, it's a willingness to sell it the way they want to buy it.
- 16:40That's where it gets really interesting.
- 16:42This is definitely affecting real estate, originally space right now because the sales, dynamic
- 16:49and how we essentially buy online is very much changing, many are resisting that.
- 16:56But the marketplace is asking, I'd like to buy it this way.
- 17:00Are we willing to answer it and evolve the way we sell or are we going to continue to do
- 17:04it the way we've always done it?
- 17:05That's the essence of the ask you answer today.
- 17:08Yeah, there's a lot in there, by the way.
- 17:10Thank you for setting that up.
- 17:11You said something, I want to unpack a little bit here, knowing how the customer wants
- 17:17to see it, receive it, consume it, whatever, video versus text versus how do you know, you
- 17:24know, because the typical default is you've got to be on video, right?
- 17:29And I do think video is important, but I also think that maybe you've brought up something
- 17:33interesting to discuss is, you know, we all know people have a fear of being on video.
- 17:38I've tried for a long time to get people to do videos and I'm sure you have yet there
- 17:41is an constant resistance.
- 17:43So I'm always cognizant, I'd love to hear what you say about this is like, do you think
- 17:47people can succeed without being on video?
- 17:51Absolutely, because there's always outliers, but that is not the norm.
- 18:01Somebody could succeed by having a world class podcast that's not on video where nobody
- 18:08ever sees your face, but they feel like they know you nonetheless.
- 18:12Sure.
- 18:13Those exist.
- 18:14And that's the caveat.
- 18:16Do they feel like they know you enough to trust you individually or as a company?
- 18:23Yeah.
- 18:24Now that feeling of knowing is certainly enhanced if they can see that dang face and hear
- 18:32that dang voice versus just read the written word.
- 18:38And so this is why video is a major component.
- 18:43And of course, for most companies I would say, certainly there are some where it's not
- 18:48as relevant, but I would argue probably for at least 90% of companies and organizations
- 18:55video should be on the card.
- 18:57And the one other thing I need to say about video, just why we're on the topic is our opinions
- 19:04on video do not matter.
- 19:07Only thing that matters is the marketplace, right?
- 19:11If the marketplace says, I really wish I could see that, our job to show it.
- 19:19That's what we signed up for as business leaders, entrepreneurs, et cetera.
- 19:25We didn't say, regardless of what the marketplace wants, I'm going to say, screw it.
- 19:30I'm going to do whatever I want because I'm my own man.
- 19:34No.
- 19:35No business works.
- 19:36It sounds nice, right?
- 19:39But that's, you're not Steve Jobs.
- 19:43We listen to the marketplace, right, right.
- 19:47That's a good point here, not Steve Jobs, I got to remember that.
- 19:52Okay.
- 19:53So I'm sure you and you're speaking and consulting with companies as I do, there's the
- 19:58resistance though of the people who are still succeeding, who are still doing well or
- 20:03to use a term called the fading winners, who are doing well because of the market or because
- 20:09they have a client database, they've got established relationships, and then there's the whole
- 20:13old school hat that people put on.
- 20:15I was interviewing, talking with a manager of a mortgage company the other day, and that's
- 20:21the phrase he kept bringing back, hey, we're old school, I'm old, you know what I mean?
- 20:25He was almost celebrating that, right?
- 20:28And they're still succeeding.
- 20:30So I'm curious like if, you know, if you were advising them, right, is that a, you know,
- 20:39where is the abyss coming ahead of them that they're not aware, they don't see that in
- 20:42the, you know what I mean?
- 20:43On the journey, on the road.
- 20:47This wrote down something as you were talking in big letters, old school ain't nothing to
- 20:53brag about.
- 20:56And I say that because it's the companies that latch on to the past that more often than
- 21:04not get left behind.
- 21:07I mean, there was a period where Netflix really bragged hard about being old school.
- 21:13And if you look at every major leader of every generation in every industry that was replaced
- 21:21and reached their demise, it was because they said, I'm old school.
- 21:27That's who we are.
- 21:28So when my daddy didn't hit daddy, daddy, daddy, daddy, daddy, daddy, daddy did it.
- 21:31Well, it just doesn't matter.
- 21:33And again, once again, the marketplace doesn't care.
- 21:38Okay.
- 21:39I'm going to be willing to adjust.
- 21:41Absolutely.
- 21:42Yeah.
- 21:43I'm going to keep coming at you with thoughts that are popping in my head.
- 21:47This is from real world interaction with people.
- 21:50I've heard two comments about putting yourself out there on social media.
- 21:55You know, either A, I don't want to put my personal life out there or B, it all seems so self-serving.
- 22:03Well, isn't so many ways everything you do is a business leader entrepreneur self-serving?
- 22:15I mean, you started a business why because you're so selfish that you said, I want to be my own boss.
- 22:23I want to dictate my future.
- 22:26I want to be able to achieve financial peace without restrictions.
- 22:33At least that's why I started at this point now, three different companies that I own.
- 22:40It's selfish and that's a beautiful thing.
- 22:44That's a beautiful thing.
- 22:46That's what literally grows entire economies and allows you because you're selfish and obviously taken into light that I'm explaining it here.
- 23:00Selfish in a good way.
- 23:02Now you've provided jobs to thousands in the long run.
- 23:08I'm on LinkedIn.
- 23:10I'm not on Facebook, why am I on LinkedIn?
- 23:13Because that's where my customer is.
- 23:17And you don't really see anything about my personal life there for the most part.
- 23:23It's professional.
- 23:25And I've probably made certainly more than a million dollars in business off of LinkedIn.
- 23:32Which by the way, if you're listening to this, you should be following me on LinkedIn because I'm a dang good fellow on LinkedIn.
- 23:36And so with that being said though, the idea of I don't want to just share my whole world, I don't want to share my whole world.
- 23:47I'm not talking about what I eat for dinner.
- 23:49Not interested in showing you that.
- 23:51You probably don't care anyway.
- 23:53What am I talking about?
- 23:54Talking about principles of success, sales, marketing, et cetera on LinkedIn.
- 24:01That's why I put all my chips and that has served me well.
- 24:05So it's okay that you're not doing those other things, but it's not okay if we say I don't care about the marketplace, which by the way, I'm not saying that everybody even has to do social media to be successful.
- 24:18But you're going to have to do some things very well.
- 24:20And one last thing I want to say about your question earlier about, we've been successful for a while.
- 24:28We haven't changed.
- 24:29Everybody says that until the stuff hits the fan.
- 24:33You know, I remember in 2009, because I live in Virginia, I've got a lot of companies that I'm close to that are in northern Virginia, and they're working with the government to the government contractors.
- 24:46So these are B to G companies.
- 24:49And one of the major things that came out of 2008, 2009, 2010 is the government went through a period of transition with how they were working with subcontractors and budgets, et cetera.
- 25:02And a lot of them lost that government work.
- 25:05So quickly, they might have over the course of just a couple months lost 50, 75% of their contractor work.
- 25:14That's scary.
- 25:15And what did every single one of those companies need to do at that point, transition to B to B instead of just B to G?
- 25:24The sad thing is, Jeff, oftentimes we don't make those moves until we're in a position of panic and stress.
- 25:35Whereas the most successful companies, they don't allow the pride cycle to get in their way.
- 25:40They don't allow themselves to say, it's going so great.
- 25:42I don't need to look to replace myself.
- 25:44I don't need to look to reinvent myself.
- 25:46Instead, they're obsessed with the marketplace, where it's going.
- 25:52They're accepting it for what it is.
- 25:54And heck, I mean, we all know every single person's listening this right now inherently because they're intelligent because they know the housing market is right now.
- 26:03And at the end of the COVID rainbow.
- 26:06And to think that it's going to last is naive.
- 26:09None of us think this is going to last forever unless like yesterday was our first day on the job.
- 26:16Whether it's me as a, I'm directly tied to real estate as an owner of a swample company.
- 26:25I remember 2008, 2009.
- 26:28Many of us do.
- 26:30We were begging for business and all of a sudden we were working on all the little things just to get a freaking lead doing whatever took to keep the lights on.
- 26:40The key to business and long-term stability is not getting really serious about those dark days only when they come.
- 26:54But rather, knowing accepting that eventually they'll come back around because that's life and that's how cycles work and saying, what can we do to stay way ahead of all these things?
- 27:06Yeah, yes, so pay attention to where things it's like the old line from Gretzky, right, not where the puck is, but where it's going.
- 27:14Yeah, yeah, see around the turn, baby.
- 27:16Mm-hmm, but don't just look around the turn, you know, because you could sit and watch, oh, that's where it's going.
- 27:22And then you're like, oh, I'm so busy, I need to just take care of right now.
- 27:24Right. And then you never prepare for.
- 27:26Or sorry, that's why Gretzky went where the puck was going to go and that is what we have to think like as businesses.
- 27:37What's funny about it though, Jeff, is if we're really obsessed with our own behavior and self-aware, it comes pretty easy.
- 27:45Like they ask you answer was a direct result of me saying, yeah, always research this stuff online.
- 27:49These are the questions I'm asking.
- 27:51So if I'm asking it, I know my customers are asking it, heck, I hear them ask me about it.
- 27:55Why would I not address it?
- 27:56Would I like it if they address it?
- 27:58If I was the customer, of course, I would like it.
- 28:01Well, then why don't I do it?
- 28:02Oh, I got no good excuse.
- 28:04Boom.
- 28:06Yeah, one of the, maybe this is a parlay.
- 28:08One of the chapters in your book, though, is talking about ostrich marketing strategy.
- 28:13And is that in line with what we just kind of went through?
- 28:16Like if you're keeping your head stuck in the sand about this, does this problem ever go away, right?
- 28:22So the book really emphasizes the main subjects that buyers, customers,
- 28:30tumors are obsessed with before they'll engage a company, before they reach out with a company.
- 28:35We call these subjects the big five.
- 28:36There's the five most essential subjects literally almost any company in the world
- 28:43needs to be addressing on the front end, because otherwise your buyers are going to go elsewhere
- 28:47to find this information.
- 28:49Here's the five subjects, cost questions, cost price rates, et cetera, okay?
- 28:55Number two, problems, negatives, issues, drawbacks, et cetera, so number two is problems.
- 29:01Number three, comparison based questions, think about all the times you go online and
- 29:04compare it one thing versus another, we love to compare.
- 29:07Number four, review based questions.
- 29:09Everybody saying about it, a really thorough look at it, whatever it is.
- 29:13And number five, best, we love to research best, those are the big five.
- 29:18And what's fascinating is most companies do not address these five things.
- 29:22We call that ostrich marketing, it's bearing our head in the sand.
- 29:25Most buyers are obsessed with it.
- 29:27Businesses don't want to talk about it, it creates a paradox of wants.
- 29:31So if you as a business are just willing to talk about these things.
- 29:34And now here's the key, that's why it's called the ask your answer.
- 29:37Is you got to know what those questions are, and then be willing to address them.
- 29:44And the thing about it is you can't always answer them exactly.
- 29:50You can't necessarily tell somebody what their mortgage rate is going to be until you find
- 29:56out a few things about them.
- 29:58But you could certainly teach them what drives rates up, what keeps it down.
- 30:04You could teach them all about the marketplace, hidden costs, fees, et cetera, so that they
- 30:11can understand what they're getting themselves into and therefore value.
- 30:16That's cost and price, that's how it works.
- 30:19And you go to most companies, do real estate agents charge the exact same thing across
- 30:23the board?
- 30:24No.
- 30:25Because even if they charge the same commission, there's different stuff included in the
- 30:29service rendered.
- 30:31So nobody charges the same thing across the board.
- 30:34So you've got to explain it, and if you do not explain it, guess what, they're going
- 30:39to learn value from somebody else, i.e. your competitor, and I don't know about you,
- 30:44but that sucks.
- 30:45I am not interested in my prospect, learning from my competitor, I want to control conversations.
- 30:52But this is the choice that we have.
- 30:55The ostrich doesn't control jack squat in terms of conversations.
- 30:59You ignore them and you hope that you get some residual.
- 31:03Whereas the company that is thinking like they're buyer and saying, okay, the last question
- 31:09we're going to address it, then they lean into it.
- 31:12And let me talk about the problems one, that second one of the big five that I mentioned
- 31:15a second ago, because this is really prolific in the mortgage lending space.
- 31:19I just think this one's huge.
- 31:22There are so many fears that people have when it comes to loans and types of loans.
- 31:32There's a lot of ignorance as we know.
- 31:34There's a lot of misinformation as we know, and there's certain fears, worries, concerns.
- 31:43What's scary is when companies don't talk about those things.
- 31:47If you're a lender and you're not addressing them head on, you're completely missing
- 31:51the mark.
- 31:52So like with fiberglass pools, I've addressed head on to major issues.
- 31:56Do fiberglass pools pop out of the ground?
- 31:58Are fiberglass pools ugly?
- 31:59Do fiberglass pools look cheap?
- 32:02Just fiberglass pool look like a bathtub in my backyard.
- 32:04Like literally those are fears that people have.
- 32:07So it's my choice.
- 32:08Do I address somewhere?
- 32:09Do I let my competitor do it?
- 32:10Again, we're going to address that.
- 32:12So you got to lean into the negatives, and this is one of the hardest ones for people
- 32:16to do Jeff.
- 32:18It's like, the comparison I like to make is, find me one attorney in the US where on
- 32:24the website, they address the question, what happens if you lose your case?
- 32:28Yeah, that would be totally refreshing, wouldn't it?
- 32:32Yeah, you won't find a single one.
- 32:34Why do you think it's fear, right?
- 32:37It's fear, but it's also ignorance, and it's a lack of self-awareness.
- 32:43Because they're not asking, would I want this?
- 32:46Would I appreciate this?
- 32:48Is this the type of thing that I research?
- 32:50And it's like, it's so funny.
- 32:54These things, these negative questions, these problem questions are like elephants in
- 32:57the room.
- 32:58Every industry has elephants in the room, right?
- 32:59Yeah.
- 33:00And so the question is, do you put the elephant in the corner thinking that when they walk
- 33:04and they won't see the elephant?
- 33:05Y'all, it's an elephant.
- 33:08They're going to freaking see it.
- 33:09It's an elephant.
- 33:10And so, the smart companies, they take the elephant and they bring it to the front.
- 33:16They say, here's the elephant.
- 33:18We just want you to know, this is our elephant.
- 33:21We're very aware of it.
- 33:22Now you're aware of it, and we can move on.
- 33:25That's brilliant.
- 33:26Good analogy.
- 33:28And listeners, right now, you're listening to this.
- 33:30I know you have ideas popping in your head about what are the problems that are happening
- 33:34in the current market that you could bring to the surface.
- 33:38Let's just real quickly state a couple of the obvious ones.
- 33:42Multiple bids, multiple offers, getting out bid, getting my offer accepted, selling
- 33:48my home and not finding another place to live, right?
- 33:52Everybody's, this is the problem I have with the real estate industry, real estate agents
- 33:56specifically.
- 33:57Everybody's talking about, now's a great time to sell.
- 33:59Record price is, you know what I mean, 70,000 over asking, blah, blah, blah, blah.
- 34:04But there's that market that you're talking about that is quiet sitting by the sidelines.
- 34:09That would sell or consider selling.
- 34:12If somebody would address the fear or the unstated concern of, but there's no houses to buy.
- 34:18Yeah.
- 34:19What about inventory?
- 34:21Yeah.
- 34:22I'm going to be homeless, you know, and that's a real thing.
- 34:26And I, you know, it's, here's the thing though, you and I, I'm sure we've talked about
- 34:29this till we're blue in the face.
- 34:31Like my classic prescription when somebody comes to me is, what are the five biggest questions
- 34:36you get all the time?
- 34:38Like what's your rate?
- 34:39What are the costs?
- 34:40Should I buy or sell them?
- 34:42That's five videos right there, isn't it?
- 34:44100% and in fact, you should have one video that addresses those main five questions that
- 34:50you send to the prospect before that initial sales meeting so that not only do they know
- 34:56the answer, but they've heard it from you.
- 34:58They've seen it from you.
- 34:59And now, how much more effective is that first conversation going to be?
- 35:03You spend more time selling, less time teaching.
- 35:05That's what's all about.
- 35:07Yeah.
- 35:08Stop selling, start helping.
- 35:09Right?
- 35:10That's right.
- 35:11Okay.
- 35:12What's changed in terms of the content marketing approach, this is a big broad question,
- 35:19but when you started doing the blogging and stuff, it was 2008-ish.
- 35:24How have you pivoted in terms of your strategy or tactics?
- 35:27Well, there's, okay, there's a lot that goes into this, this is a somewhat broad question,
- 35:35but it's very good.
- 35:36One of the things that people will often say is, my industry is saturated with content.
- 35:44So I mean, I'm not going to show up in Google, so I bother.
- 35:48I mean, you harm, that's a really dumb outlook.
- 35:53Because even if let's say somebody, let's say you get a referral, and I know many in
- 35:57this space, it's very referral, real estate, lending, et cetera, very referral-driven business.
- 36:04And so even if it's a referral, generally, they're going to vet you after they've gotten
- 36:09that referral, they're going to vet you online before they contact you.
- 36:12They're not just going to like, their friends are going to say, try this, such and such,
- 36:15and they call you immediately.
- 36:16No, they're still going to vet you online.
- 36:17The question is, when they go online to your website, do they see you as everybody else,
- 36:23or do you stand out?
- 36:24Do they fall in love, even?
- 36:26Do they say, oh my gosh, I mean, my buddies said they were great, but this is amazing.
- 36:30I mean, look at all the questions that everything I was thinking is like really right here
- 36:33on this website.
- 36:34So that alone is reason enough to do, they ask you answer.
- 36:38I tell people all the time, if I never got another visitor from Google because of S-E-O,
- 36:45I would still do this all day long because A, I want my user experience to be exceptional
- 36:51when they come to my site from referral, et cetera, or B, I want to integrate that content
- 36:57into my sales process so as to increase closing rates while decreasing closing or sales cycles.
- 37:05Just like we talked about a second ago, if you create a video like that that they're
- 37:08viewing before that initial sales appointment, is your sales cycle going down?
- 37:12Yeah.
- 37:13Are your closing rates going to go up?
- 37:14Why would you not want that?
- 37:16And so when somebody says my industry is just too saturated, I'm like, that's a very
- 37:21myopic viewpoint, but that is something that you see people talking about.
- 37:26No question, there are some saturated industries out there, but there's no reason that you
- 37:30should not do this.
- 37:32What?
- 37:33Just to interrupt you real quick, what should that video say, that video that goes out
- 37:37before you have that conversation?
- 37:39Well, and so in both my books, they ask you answer in my book, new book that I have on
- 37:46video that's out.
- 37:47It's called the visual sale.
- 37:48I talk about this as well.
- 37:50We call this the 80% video, 80% video is the video that you send to the prospect immediately
- 37:58before that initial sales appointment that addresses the top questions you know they're
- 38:04going to ask probably almost every single time.
- 38:07Usually we recommend somewhere between seven to 10 questions.
- 38:11So this is going to be a longish video.
- 38:13It's probably going to be at least seven minutes, could be 10, 12 minutes, you know, like,
- 38:18are they going to watch something that long?
- 38:20Yeah.
- 38:21If it's answering their very specific questions and they're getting ready to make a buying
- 38:24decision, you better believe they're going to watch a video that long.
- 38:28So don't buy into all videos should be short.
- 38:30It's just not true.
- 38:31It's not true at all.
- 38:33So with that being said, what are the types of questions that you should be asking?
- 38:36Well, for you, you know what they are.
- 38:38What do you know they're going to ask or is there a question that you get it asked, you
- 38:43roll your eyes and you say to yourself, how they not know this already?
- 38:47Oh my gosh.
- 38:48This is going to be such a drag, this, this appointment.
- 38:51That's a clue.
- 38:52Right.
- 38:53That's a clue too.
- 38:54So like back in the day, I knew if I showed up on a sales appointment as an example, Jeff,
- 39:00and the person said to me, so can you help me understand, again, the difference between
- 39:04concrete and fiberglass, they weren't going to make a decision that night.
- 39:08They weren't close to being ready.
- 39:10I needed to go into the home with them already saying we know the advantage of fiberglass.
- 39:14We know the advantages of concrete.
- 39:17We feel fiberglass is the best fit for us.
- 39:20Sure maybe there's some selling I need to do on that side of it, but for the most part,
- 39:24they already know the difference.
- 39:25So that's the type of question that I probably want to make sure is very clearly addressed
- 39:30beforehand, right?
- 39:32And so you know what they are because you, if you're listening to this, take those calls,
- 39:38you go on those appointments, you know when you roll your eyes.
- 39:42You know when you're saying to yourself, man, I'm answering this again.
- 39:45Look, sales shouldn't feel like Groundhogs Day.
- 39:48Sales appointments should feel different.
- 39:51They should feel different because you've gotten past, again, that initial 80% of redundancy.
- 39:55Hmm.
- 39:56Interesting.
- 39:57And you can handle a lot of that up front with your content, pre-meeting content in various
- 40:01forms.
- 40:02Really if possible, but other forms as well.
- 40:05Yep.
- 40:06Yeah, I like that.
- 40:07That's good stuff.
- 40:08It reminds me of the Lenders and Agents I've seen who are succeeding with YouTube because
- 40:12that whole process has taken place on YouTube, unbeknownst to them.
- 40:16And when the finally track point where they're ready to reach out, they're like, hey, we've
- 40:19been watching your videos for three months.
- 40:21We're ready to go.
- 40:22Yeah.
- 40:23The story that I love to tell about video is pretty crazy.
- 40:27It's true.
- 40:29For a long time, when I sold pools, and I haven't sold pools now for almost 10 years,
- 40:33but when I sold pools, I would go up to somebody's house that I had set an appointment with.
- 40:38I'd knock on the door and usually a kid would answer because the kid knows the pool guys
- 40:44coming over.
- 40:45Kids fired up.
- 40:46Like Santa Claus is coming to town.
- 40:47And I'd knock on the door and you'd always hear kids say, mom, dad, pool guys here, like
- 40:54all the time happened to me.
- 40:56And then I started to integrate video into the sales process and doing exactly what we're
- 41:01talking about here, which is really answering their major questions beforehand with video,
- 41:04getting them to view it beforehand.
- 41:08And one time, I knocked on a door and a kid said inside the house, mom, dad, the guy on
- 41:17the videos here.
- 41:19Think about that for a second, Jeff.
- 41:21What was happening?
- 41:22This kid with his or her parents had watched a video about pools.
- 41:29They watched as a family.
- 41:32Was that appointment different?
- 41:33And then I had one other final experience with this.
- 41:36It's even more interesting.
- 41:38I once heard a child in the house say, mom, dad, Marcus, from the video is here.
- 41:46No way.
- 41:47Think about that.
- 41:48Marcus, from the videos here, did I make that sale?
- 41:52Yeah.
- 41:53Hell to the air.
- 41:54Aha.
- 41:55Yes, sir, absolutely.
- 41:57That's the goal that they feel like they have seen us before we've ever seen them, that
- 42:02they feel like they've heard us, our voice, before we've ever heard theirs.
- 42:06They feel like they know us before we've ever met them.
- 42:08And if we achieve that, we'll therefore achieve that magical emotion we call trust.
- 42:13Yeah.
- 42:14I love that.
- 42:15So listeners, question is, what do you can implement from what you've heard just now,
- 42:20right?
- 42:21How do you influence somebody before you get to the appointment?
- 42:26You do that today with content, right, in various forms.
- 42:29If you're not ready for video, fine, do it with written or something like that.
- 42:33It's good stuff.
- 42:34I know we're tight on time.
- 42:35So that was a great set up.
- 42:37If I have time, let's do a quick one minute on the other big issue that most people push
- 42:41back against.
- 42:42You sent a newsletter out.
- 42:44I'm sure you don't remember it, but I've got a library of stuff from you.
- 42:48This is from last year.
- 42:50Three pieces of advice that I'm really glad I ignored.
- 42:52I just want to talk about one, which is don't mix business and pleasure.
- 42:55Now, in the context quickly of agents and loan officers, I think that's a very trust-based
- 43:03personal, like on social media.
- 43:06You can't always just talk about business, and maybe you can crack me if you don't agree.
- 43:10But I think that's where the missing opportunity, it's for most, is that personal tie-in.
- 43:14But that's where people struggle or resist.
- 43:17What do you say to that?
- 43:20We constantly hear this battle of balance and having a fulfilled life on a personal
- 43:27and professional level.
- 43:29I'm just of the opinion, why can't we have both?
- 43:33I have traveled the world as a speaker, and oftentimes I've had at least one of my kids
- 43:39with me in that experience.
- 43:43Those memories will never be forgotten.
- 43:45They're just amazing memories.
- 43:49I look to integrate, I take more vacations, and I work some on vacation.
- 44:01It's one of those things where some people say, I take one a year and I completely check
- 44:04out.
- 44:05I take four or five a year, but I'm still working a little bit, and my wife loves it,
- 44:09because I'm not a beach guy.
- 44:11She's going to go to the beach for five hours a day, I can work, and then we have an amazing
- 44:14night.
- 44:15We're still on vacation.
- 44:17Kids are thrilled, everybody's happy.
- 44:19That's what I mean by that.
- 44:20Now, does it take a little bit of a discipline, yes, but is it possible, is it worth it 100%?
- 44:25Yeah, so it's really integrating the two, and realize that people want to know something
- 44:31about you personally.
- 44:34Not everybody, there is that small percentage where they're just like, give me the numbers
- 44:38whatever, but people want to know a little bit about you.
- 44:40The human connection, baby, it matters, Jeff.
- 44:43Yeah, yeah.
- 44:44Listen, let's tell people where they can connect with you.
- 44:46By the way, clearly on LinkedIn, and you made the point earlier, your audience is not
- 44:49the consumer.
- 44:50It's executives, and that's why you're on LinkedIn, and that's where your content is.
- 44:54My audience, less so.
- 44:56More so is their audience, our consumers, and real estate agents, where they need to be
- 44:59a little bit more personal and more real, if you will, more human, so to speak, right?
- 45:04Yeah.
- 45:05Where do people follow you, man?
- 45:06What do you want to give them?
- 45:07Well, here's one thing I'm going to give everybody for free right now that you're going
- 45:11to freaking love.
- 45:12Okay.
- 45:14I've got a two-hour course on they ask you answer.
- 45:17That's online.
- 45:18Love it.
- 45:19That's free.
- 45:20All you have to do is go to impactplus.com, impactplus.com, two-hour course.
- 45:27Yes, that's right, where you can really learn everything about the ask you answer.
- 45:32You're going to love it.
- 45:33So make sure you do that.
- 45:35You can reach out to me directly at MarcusSharedIn.com if you have a personal question for me.
- 45:42The book they ask you answer, it will change your life, so order it right now before
- 45:45you forget.
- 45:46I promise it will change your life.
- 45:48And yeah, I'll see you on LinkedIn.
- 45:51Yeah.
- 45:52All right.
- 45:53We'll put links to that in the show notes.
- 45:54Thank you so much for your generosity of that incredible offer of a two-hour course.
- 45:57I'm jumping on that right after this.
- 45:59I've already got your book.
- 46:00That's awesome.
- 46:01And of course, your new book.
- 46:02I got to get that too, because that's the visual sale, right?
- 46:05A little bit more.
- 46:06What's the subtitle there?
- 46:07How do you use video to explode sales, drive marketing, and grow your business in a
- 46:11virtual world?
- 46:12Which clearly we are in now.
- 46:13Yes, we are.
- 46:14All right, man.
- 46:15I know you got to jump.
- 46:16I appreciate the time.
- 46:17Thank you so much for being here.
- 46:19Listeners, you know what to do.
- 46:20Check the show notes for the links.
- 46:22And we appreciate you.
- 46:23We'll see you on the next one.
- 46:24Bye for now.
- 46:25Hey, guys.
- 46:26What's up?
- 46:27Real quick.
- 46:28You've heard about the mortgage marketing pro membership before, and I just want to quickly
- 46:36remind you of that.
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