Web/Tech

September 09, 2008

Use Twitter to Test Headlines

Bill_rice A New Post By Bill Rice
Marketing & Lead Generation Expert
Read other posts by Bill Rice

Twitter is a great way to test your headlines and short copy effectiveness. Hundreds of followers and a 140 characters maximum makes for a powerful marketing test environment. Twitter is a quick and efficient way to see if your headlines convert into clicks.

Article Library

Start with a good repository of articles. You should create a significant number of articles in a variety of topics. Good article diversity and quantity will ensure you have a ready-made test bed for a variety of projects.

This article library can be an article directory (eZineArticles), one or more blogs, or your website copy portfolio. Using your own blog or website gives you the added benefit of driving prospective business traffic too.

Since Twitter users, like most social networkers, don’t like constant self-promotion I suggest you routinely test using others websites, blogs, or articles as well as your own. The other authors will love the traffic, may link back to you, preserves your credibility, and it still achieves your conversion testing.

Tracking Conversions

Don’t forget the primary objective–tracking conversions. If you are using your own website or blog this is pretty simple–look at your blog stats or Google analytics. However, what about Tweets that you point at websites you don’t own?

In the past there was little opportunity to collect measurable results from these tests. You could use Summize to track keyword discussion and possibly track re-tweets. Unfortunately, this only measures buzz and typically has more to do with the destination content, not the headline. It doesn’t give you the core metric–do people click because of my copy?

Enter bit.ly Tweetburner, a new tiny URL technology that lets you track source and traffic through your shortened URL. So, now simply shorten and attach a unique bit.ly Tweetburner URL to each of your headline or short copy tests. Then you can track sources and volume of click-throughs.

Respect Your Audience

The quickest way to damage this excellent focus group is to abuse it. So, here are a few cautionary etiquette suggestions to keep yourself from poisoning the water:

  • Promote others, as well as yourself, with your headline tests
  • Stagger test headlines over various days
  • Make sure the destination content is interesting
  • Do not link your headline tests to sales letters or landing pages
  • Participate in the community too (ask questions and participate)

Happy Testing!

September 05, 2008

Does Your Social Network Generate Leads? It Should

Bill_rice A New Post By Bill Rice
Marketing & Lead Generation Expert
Read other posts by Bill Rice

We’re all buzzing about social media and social networks. Is it just a waste of time or can it produce a reasonable ROI? Stop talking and do the math. Does your social network generate leads that convert into business? It should. It might even become a personal asset.

Is Your Social Network Important?

It is becoming obvious that social networks are important. Chris Brogan talks about the vital importance of your network and even ventures to state that companies (employers) will value your person networks. And, because there is real dollar value in a network Jeremiah Owyang cautions us that social media has risk and reward.

Still need to be convinced it is important?

Why Build a Social Network?

Chances are you have already have some foundation of a social network. However, building a social network that adds value to your community and produces business opportunity for you should must incorporate some strategic thinking.

A value-based social network should accomplish three primary objectives:

  • Increase the efficiency and frequency of your communication
  • Facilitate you consistently adding value to your network
  • Generate and/or spot business opportunity

Unfortunately, social networks often degenerate into ego arms races. Creating or growing your network in this fashion creates an overwhelming and useless mess. This approach simply creates a high noise to signal ratio, which destroys any hope of value.

What Services Do I Use?

New social networks and supporting applications pop up daily. Getting distracted by every venue for your network can be paralyzing. Organizing these solutions into categories, based on your objectives, quickly sorts them.

  • Contact database: Gmail, Yahoo, Outlook, Mac Address Book
  • Reputation and identity: LinkedIN, Plaxo, Personal Blog
  • News and opportunity: FriendFeed, Twitter
  • Communication and nurturing: Twitter, FriendFeed, Personal Blog
  • Metrics: TweetBurner, Bit.ly

Each of these services allows for the simple importing and connecting to contacts in any of the major address book applications. I highly recommend you begin organizing your network there, import, and then continue to sync back to that as a master contact database.

How to Nurture a Social Network

Getting your network to generate leads and business opportunities is perfectly correlated to your lead nurturing strategy. Or, as Tim Sanderssays refresh your network for better performance.

Nurturing a social network is significantly different than nurturing a sales prospect database. You are not creating a drip email campaign. This type of activity will quickly erode your network. Lead nurturing and network building in social media should be focused on listening, discussing, and adding value–in that order.

Listening teaches you what people are interested in learning about, what they find valuable, and messages that call them to action.

Discussion allows you to build relationships and grow your audience. Again, you should be learning here too.

Adding value, this is what produces business opportunity leads. Directing people to and providing valuable, problem solving information drives them to you. This approach drives them to you in solving these problems and attracts others with similar problems.

How do you maximize the value you get back from your time spent on social media and social networking? What are the tools you use?

Reprint: From Bill Rice's "It's About Conversion"

September 04, 2008

Taking Your Blog To The Next Level

Hint: It's more than JUST blogging, rather it's about integrating your blogging activities into your whole marketing mix.

August 26, 2008

I Hope WAMU Isn't Signaling The End

Mikemueller_2 A New Post By Mike Mueller
The Mortgage Vlogger Extraordinaries
Read other posts by Mike Mueller

I shared via FriendFeed, an article that I read in my Feed Reader

Washington Mutual is offering a 1 year CD that is paying a full 1% higher than anyone else. 

Why is that?  Are they just trying to be nice?  Are they "giving back to the community?" Have they made enough money this year? 

You know I'm kidding of course.  the most likely answer is that they are strapped for cash (capital) and need to raise some serious dollars.

To be honest, that's a guess on my part.

We so know however that Wamu has a very large lending exposure in both California and Florida.  Both of these states have experienced some of the highest yearly declines in value.  We know that's not a good thing.

We also know that Wamu has a high percentage of Alt-A and Option ARM loans on their books.  And we know that most experts agree, this is the next wave of borrowers to default. 

A homeowner that stops paying their mortgage becomes a "Non-Performing Asset". 

Here's what concerns me the most.

Prior to their collapse, many banks (Indymac would be a prime example) offered high yielding CD's in a last ditch effort to raise capital. 

I just hope I'm wrong.  We need more lenders not fewer.  What do you think?

How To Add Podcasting To Your Marketing Mix

Cicerone2_2 A New Post By The Mortgage Cicerone
A Guide for Mortgage Professionals
Read other posts by The Mortgage Cicerone

NikNik at MyTechOpinion posted an excellent instructional guide on "How To Add Podcasting To Your Blog."

According to NikNik:

"Podcasting is simply a way of distributing digital media over the Internet using RSS...Podcasting can enhance your blog content and your online visibility. Strengthen the bond you have with your current audience, as well as reach a new audience. And, give your blog readers the flexibility to listen and obtain your expertise on the go!  Podcasting is even an affordable and pretty seamless option when it comes to integrating a new social media tool to your blog.

Cicerone readers are going to be reading a lot regarding this subject from our resident online Vlogging master, Mike Mueller, however in the mean time, read NikNik's post and start learning more about this powerful way of distributing digital media over the Internet via RSS.

Click hyperlink below to read:

How To Add Podcasting To Your Blog

August 25, 2008

Using Social Media to Meet Real Estate Agents and Grow Referral Networks

Cicerone2_2 A New Post By The Mortgage Cicerone
A Guide for Mortgage Professionals
Read other posts by The Mortgage Cicerone

Todd Carpenter of Lenderama was interviewed by The Ibis Group that is focused on "Using Social Media to Meet Real Estate Agents and Grow Referral Networks ."

A definite must listen for any mortgage professional.

Click Here To Download Interview

Great interview Todd!

August 18, 2008

Mike Mueller - RE.Net Founding Father Joins The Mortgage Cicerone

Cicerone2_2 A New Post By The Mortgage Cicerone
A Guide for Mortgage Professionals
Read other posts by The Mortgage Cicerone

To say we fellow Mortgage Cicerone's are thrilled to announce Mike Mueller is joining our merry band of Cicerone's is an understatement!!!!

Mike Mueller started blogging in 2001, before 99.9% of us ever heard the term and has recently taken his social media presence to the next level via video blogging (vlogging).

Bottom line...Mike Mueller is a vlogging and social media expert and IS one of RE.net's founding fathers!

Welcome aboard and readers, get ready to be amazed with the knowledge Mike shares with you!

August 16, 2008

Looking Forward...

Mike MuellerI'm honored to have been invited to contribute to this site.  It's been in my Feed Reader and a daily read since day one.

Just a quick post of introduction for those that don't know me.

My name is Mike Mueller.  I've been in the industry since 1994 as a mortgage banker, a mortgage broker and so on.  I've been blogging about mortgages since late 2001. 

My very first post was a cut and paste hack (blatant plagiarism) from a financial newsletter I subscribed to.  How quickly we learn.

Today, I embrace the power of technology and social media.  I'm a video blogger (vlogger), an E-twit, Facebooker, a LinkedIn Junkie and who knows what else. 

See:

I'm looking forward to contributing and interacting with all you here on The Mortgage Cicerone

Thank you!

June 19, 2008

Can McCain Compete with Obama Online?

Bill_rice A New Post By Bill Rice
Marketing & Lead Generation Expert
Read other posts by Bill Rice

You thought this post was about politics, didn't you?

Not quite, but I have ripped a headline from the our daily dose of political buzz. This article from Politico.com caught my eye this morning and every mortgage broker and real estate agent should read it this morning.

It is, of course, about the political campaigns of our Presidential hopefuls John McCain and Barack Obama, but you could simply replace McCain with old-line/off-line mortgage brokers and new generation/on-line community leaders. The burning question in the article is, can McCain can compete with Obama's new media strategy?

I really want you to read the article so I am only going to highlight two important factors your should think about:

  • Are you command and control, top-down mortgage broker? Or, are your a community builder, giving your clients the control to make their own intelligent choices?
  • Have you done so much business, and been in the business so long that you are trying rely on what has worked? Or, are you acting like an underdog and realizing big success means fresh ideas?

Actually, I want you to think about a third important thought:

  • Which of this two approaches looks more like the customers you are serving today?

I think today may be a good day to think about your online mortgage origination strategy.

April 08, 2008

What Makes A Good Blog?

Cicerone2_2 A New Post By The Mortgage Cicerone
A Guide for Mortgage Professionals
Read other posts by The Mortgage Cicerone

What makes a good blog? Given that mortgage and real estate blogs are starting to proliferate, I get this consistent question from my readers. First, I do not claim to be an expert...far from it. I can however give my my opinion on what I enjoy in a blog.

  • Honesty
  • Being Genuine (not full of yourself)
  • Readability
  • Transparency
  • Sense of the bloggers voice and personality
  • Non corporate and making sure it doesn't sound like a PR machine
  • Fun, interesting and relevant content
  • Brevity

Additionally, I have compiled a list of informative and helpful links you should find interesting and helpful while providing you an excellent overview of what makes a good blog:

The Mortgage Cicerone

  • Cicerone - cic•e•ro•ni (-nē)
    A guide or person eloquent in sharing knowledge and inspiring impactful action.
     
    As the name suggest, The Mortgage Cicerone is a combination Loan Attraction Guide / Mentor / Coach / Facilitator of personal growth and top-performance. You are unique and your solution is not the same as your neighbor. By actively collaborating with you, we help you discover your true unique personal drivers by clarifying and congruently aligning your goals and actions.
     
    This in turn fosters high-performance, clarity, new perspective and the necessary passion needed to take your performance to the next level. Subsequently, by providing the appropiate tools, you learn to take passionate, commited, impactful and decisive action.
     
    With deep industry and business process expertise, broad national resources and a proven track record, The Mortgage Cicerone mobilizes and aligns the right people skills, processes, motivators and technologies to improve your performance, finances and life/work balance in ethical congruence with your value system.

The Cicerones

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  • The content provided on this website is presented or compiled for your convenience by the publisher of The Mortgage Cicerone and is provided for informational purposes only. It does not necessarily represent the views or opinions of any person, entity or company associated with The Mortgage Cicerone. Neither The Mortgage Cicerone nor any of its contributors and their employers or companies in which they are associated assumes any legal liability or responsibility for the accuracy, completeness, or usefulness of any information disclosed, or represents that its use would not infringe privately owned rights. The information provided on this website should not be construed as offering legal, financial or other advice to be relied on by the reader to make or refrain from making any decision or to take any action. The investment, mortgage or financial services or strategies mentioned in and throughout this website may not be suitable for you. All rights reserved.

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