34 min
How To Charge Fees Mortgage Broker Acceleration
-
- Management
There's a big myth in the mortgage industry that if you charge fees you will lose business to your competitors. "Why should a client pay your fee if they can get help elsewhere for free" - is the default argument. But it's not as simple as that. In fact, charging fees can actually increase demand for your business - if you position it correctly.
In this episode of Mortgage Broker Acceleration, James Veigli and Ash Playsted discuss the right (and wrong) ways to go about adding fees for your advice and services. Listen in to learn how to position yourself, add fees, and get paid as a true professional.
The Key Questions
Why is the commission NOT your fee? (2:29)Why do most brokers hesitate to charge fees? (3:41)How do you justify your fees? (7:17)How do you explain to your prospects why you’re charging fees? (15:56)What do you say when prospects tell you that anyone can get them a loan? (22:15)
What You’ll Discover
The types of fees most brokers charge. (1:50)The #1 fear that’s stopping brokers from charging fees. (6:54)The mindset you need to start charging fees. (14:54)The true outcome that you want to offer your clients. (21:29)The exact process of finding your value. (25:17)
Accelerate Faster
You can visit Broker Ideas Group to learn more about us, access special events and download useful resources designed exclusively for mortgage brokers.Want to work with James, Ash and the BIG team to grow your mortgage business faster? Our Growth Coach team can help you. Let's talk!
There's a big myth in the mortgage industry that if you charge fees you will lose business to your competitors. "Why should a client pay your fee if they can get help elsewhere for free" - is the default argument. But it's not as simple as that. In fact, charging fees can actually increase demand for your business - if you position it correctly.
In this episode of Mortgage Broker Acceleration, James Veigli and Ash Playsted discuss the right (and wrong) ways to go about adding fees for your advice and services. Listen in to learn how to position yourself, add fees, and get paid as a true professional.
The Key Questions
Why is the commission NOT your fee? (2:29)Why do most brokers hesitate to charge fees? (3:41)How do you justify your fees? (7:17)How do you explain to your prospects why you’re charging fees? (15:56)What do you say when prospects tell you that anyone can get them a loan? (22:15)
What You’ll Discover
The types of fees most brokers charge. (1:50)The #1 fear that’s stopping brokers from charging fees. (6:54)The mindset you need to start charging fees. (14:54)The true outcome that you want to offer your clients. (21:29)The exact process of finding your value. (25:17)
Accelerate Faster
You can visit Broker Ideas Group to learn more about us, access special events and download useful resources designed exclusively for mortgage brokers.Want to work with James, Ash and the BIG team to grow your mortgage business faster? Our Growth Coach team can help you. Let's talk!
34 min