Mortgage Lead Generation: Increase High Quality Referrals with a Power
Partner (or Two)
By JC Kiadii, Virtual Assistance & Internet
Marketing for
Mortgage
Professionals
Part 2
of a 4-part series exploring innovative,
affordable mortgage lead generation tactics that work!
Are you looking for effective ways to market your mortgage business
without spending a fortune? Here’s an idea - get a power
partner (or two).
What is a power partner?
A power partner is someone you meet with consistently
over a defined period of time,
as you work towards accomplishing specific
goals.
I initially started working with power partners as a way of increasing
my productivity. There is something about knowing I have to account for
my progress once a week that puts some pep in my productivity.
I discovered a surprising benefit of working with power partners – in
addition to increasing my productivity, current and former power
partners are a consistent
source of high quality leads and referrals.
As we work together, we get to know each others’ businesses. It helps
us identify and refer high
quality prospects to each other.
Power Partner Guidelines
Make
sure you are equally yoked.
By
“equally yoked,” I mean you should choose a power partner that is just
as committed to their business as you. It is also important to pick
someone you can trust, because you may be sharing information you don’t
want to get in the hands of your competitors.
Keep
your group small.
Since
we only meet for an hour once a week, I’ve found its better when there
are no more than 3 people in a group.
Have
a focus or theme.
I
actually have 3 power partnerships; each with a specific theme. In the
first one, we work on 90 day goals. The second one is all about
exploring ways to generate passive, recurring revenue. My third power
partner and I are working on a specific project, which we will announce
very soon.
Set
a time limit.
Since
I’m a big fan of 90 day goals,
most of my partnerships are for a 90-day time span. Our weekly phone
conferences are no more than 1 hour.
Assign
a scribe, and have an agenda.
One
power partner and I trade note-taking duties. One week I’m the
scribe, the next she is. For another partnership, I am the scribe 100%
of the time. An agenda goes out after each meeting, and before the
next. The agenda clearly states the action items we each have pledged
to completed.
Keep
your word, and make the partnership a priority.
Always
be on time for your meetings, and be consistent about achieving your
action items. The more you are able to prove to your partner that you
are “on the ball,” the higher the likelihood they will recommend you to
their sphere of influence.
Use
technology, where appropriate.
There
are a ton of no-cost project management tools online, where you can
keep track of milestones, tasks, emails, documents and much more. If
you and your partner are tech-savvy, consider exploring and using these
tools.
Give
more than you take.
Hold
your partner accountable for accomplishing his or her goals. Actively
seek ways to help your partner grow his or her business.
Rinse
and Repeat.
You
can repeat the cycle with the same partner, or start one with another.
Imagine this – you work with 4 power
partners over the next year. At the end, you will not only have
accomplished more than you dreamed possible, your mortgage lead
generation will be on auto-pilot with at
least 4 referral sources
who are in the position to send you high quality prospects
from their spheres of influence.
Stay tuned for issue 3 of this series.
Mortgage Lead Generation Series
Part 1 – Focus
Part
2 – Increase High Quality Referrals with a Power Partner (or two)
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JC
Kiadii,
Mortgage Virtual Assistance and
Internet Marketing
Services . 770-469-7385.
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