October 31, 2020  
 
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Marketing a Commercial Loans Business

There is little room for error in marketing a commercial loans business in today's economy. Fortunately, we have the information you need to stay ahead of the curve and outperform the rest of the field.

Think tired marketing collateral is all you need to succeed in today's marketplace? Think again!

In general, good business owners make good marketers. However, the most visible brands are always on the lookout for the strategies that other commercial loans businesses utilize in the marketplace.

Hiring A Marketing Firm

Sooner or later, most commercial loans business owners consider outsourcing their promotional and advertising functions to a professional marketing firm. In this industry, marketing is all about outcomes, and marketing firms consistently deliver better results than in-house personnel for whom marketing is a secondary role. Does a marketing firm cost money? Sure, but not as much as you may think. When it's time to look for a marketing firm to represent your commercial loans business, experience should trump other considerations. Marketing firms that lack industry experience are sometimes unfamiliar with competitive marketing channels and may not understand the value propositions that dominate industry messaging.

Public Relations Strategies

Public relations is more subtle, but no less powerful than a full-blown marketing push. If you want to send unrestricted marketing messages to your audience, buy a mailing list and perform a direct mail campaign. But if your strategy calls for sophistication, media buy-in and thought leadership, hire a PR consultant. The key to effective PR is to use nuanced messaging to attract the attention of reporters and media representatives. If reporters smell promotional content, they will back off from the story or create their own narrative.

Geolocational Marketing

Smartphones have added a new wrinkle to small business marketing. Equipped with GPS components, today's smartphones give consumers the ability to perform navigation and other geolocational tasks. As a commercial loans business marketer, you can use that to your advantage. Exploiting geolocational capabilities requires sophisticated tools and marketing strategies. There are many ways to influence consumers through mobile GPS. However, in its simplest form, geolocational marketing enables consumers to identify a commercial loans business that is closest to their present location.

Additional Marketing Advice and Related Articles

Given your interest in marketing and in commercial loans businesses, you might find these additional resources to be of interest.

Marketing Budgets

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Marketing Strategy Examples

Selling a Commercial Loans Business


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