A better framework when offering home improvement financing.
You have a great product or service … but the world isn’t noticing.
You’ve tried clarifying your message, using catchy copy, overhauling your website, and spending more money on paid advertising.
So why aren’t you seeing a return on your investment in your home improvement ads?
You’re probably missing one (or all three!) of these pieces — a hook, story, and offer — in your marketing framework.
Or maybe you have these components, but they’re too weak to turn prospects into customers.
The great Russel Brunson once said… or twice said…, “If something’s not working in your [sales] funnel, it’s always either your hook, your story, or your offer. Every time.”
We want to give credit where credit’s due: our team has learned a lot about this framework from Brunson. Today we’re breaking it down for you. Whether you’re creating digital marketing content for a product page, Facebook ad, webinar, sales funnel, or website, this framework will convert the curious into customers.
Here are some key components of a framework that can be used:
- Identify your target market: Determine who your target market is and what types of home improvement projects they are likely to undertake. This can help you tailor your financing options to meet their specific needs.
- Define your financing options: Develop a range of financing options that are tailored to your target market. This can include traditional loans, credit cards, or deferred payment plans.
- Establish credit requirements: Determine the credit requirements for each financing option. This can include credit score, income level, and debt-to-income ratio.
- Set interest rates and fees: Establish interest rates and fees for each financing option based on market conditions, credit risk, and profit margins.
- Develop a marketing plan: Create a marketing plan to promote your financing options to your target market. This can include targeted advertising, email marketing, and social media campaigns.
- Train your team: Provide training to your sales and customer service team to ensure they understand the financing options and can effectively communicate the benefits to customers.
- Monitor and adjust: Monitor the effectiveness of your financing options and adjust them as needed to ensure they are meeting the needs of your target market and driving business growth.
By having a clear framework in place, you can offer financing options that meet the needs of your customers and help drive business growth in the home improvement industry.
Hook
We’ve emphasized the importance of inviting people into a story because your customers think in terms of narrative, even if they don’t realize it. We’ll cover this component next in greater detail.
First, every story begins with a strong hook — a statement that makes customers respond, “Whoa. I have to know more.”
Here are three important things to keep in mind when you’re working on a hook:
- The hook does not increase the value of the product or service — that’s the job of the story and the offer.
Remember, a hook’s main job is to pique curiosity. A hook is usually a short, bold statement that grabs attention. - The hook shows the target audience you understand their problem.
Even though a hook is short, it should still communicate empathy and mention the prospective customer’s pain point. The first sentence of this blog is an example of a hook that demonstrates empathy. - Different hooks will catch different customers.
When you’re fishing, you use hooks with different shapes and sizes depending on the kind of fish you’re hoping to catch.
This concept extends to digital marketing too. You should have an ideal customer or client — we’re not advocating that you try to market to everyone. But the individuals that make up your target audience are also unique and will respond to different hooks. Have fun with hooks and “cast” different ones. Test different ways to catch the attention of your target audience and take note of what works best.
A HOOK story and offer can be compelling in a sales process for a few reasons.
Firstly, a HOOK story captures the attention of the audience and draws them in by creating a relatable and engaging narrative that highlights the problem or pain point the product or service solves.
Secondly, an effective offer can be a powerful incentive that persuades potential customers to take action. A good offer provides clear and valuable benefits that meet the needs and desires of the customer.
Together, a HOOK story and offer create a powerful combination that can lead to increased sales and conversions by capturing attention, establishing trust and credibility, and providing a clear and compelling reason to take action.
Story
The narrative is the brain’s default “grid” for interpreting reality. So how do you win over prospects?
You invite them into a story.
After you’ve grabbed your target audience’s attention with a strong hook, you’ll want to tell a good story about how your product or service alleviates their pain points and changes their state or destiny.
You can do this in a couple of different ways.
First, you can tell a story with you at the center. Talk about how you had the same problems yourself until you created a solution that solved them and changed your destiny.
Second, you can tell a story with your target audience at the center. We recommend going with this story whenever possible. In this scenario, your target audience is the hero, and you’re their guide telling them how your product or service will help them on their journey toward change.
People always have some objections before investing in a product or service.
In your story, you want to dismantle those objections or hesitations. When you’re writing your story, ask these questions:
- What hesitations or objections does my ideal customer have that I can resolve?
- What false beliefs do they have about my product or service?
- What false story are they living now, and how does my story trump theirs?
Once you’ve answered these questions, you’ll be able to tell better story prospects will want to sign up for.
An effective offer is one that communicates the benefits of the product or service in simple language, provides a clear call to action, and creates a sense of urgency. It should focus on meeting the needs and desires of the customer and offer incentives to encourage them to take action quickly.
Offer
The offer is the last component of this framework for digital marketing success.
An offer is more than a product or service — it’s a product or service bundled with other things to increase its value.
Here’s the good news: when you create an offer, you’re not decreasing the price to compete with other brands. You’re adding value to make your offer irresistible!
So what can you offer to increase the value of your product or service? Here are some ideas:\
- 100% Financing
- Two products for the price of one (GUTTERS and a ROOF)
- A free Ebook with their purchase (educate on how to prep home for a storm)
- A discount on your product in exchange for an annual maintenance plan subscription
- Ongoing customer service | 2 free HVAC Cleanings Annually
- A video with step-by-step instructions on getting the most out of your product
Brainstorm ways to increase the perceived value of your offer and capture that in your marketing framework. This is called a “value stack” because you’re building a “stack” of reasons your target audience should invest in your product or service instead of someone else’s.
If you want to learn more about creating an irresistible offer, check out this short video by Chris Scoville.
Hook, story, offer: these are the 3 ingredients for a successful marketing framework. If you’re investing time and money in digital marketing but not seeing results, try revising your framework in light of what you’ve learned today. If you still need help refining your hook, story, or offer, schedule a call with us today. Our team at BluePagesPro is always excited to adapt this framework to any brand, product, or service so you can share your passion with the world.
Join us to learn so much more over at the Contractor Coffee Shop.
PS: BONUS NUGGETS
And last but not least, here is a LIST of KEYWORDS and SEO terms to help you in your offers, ads, and conversions:
Here are some potential SEO keywords and phrases that could help optimize your website and marketing materials for your home improvement financing framework:
- Home improvement financing
- Home improvement loans
- Home renovation financing
- Renovation loans
- Contractor financing
- Project financing
- Deferred payment plans
- Low-interest financing
- Credit requirements for home improvement loans
- Financing options for home improvement projects
- Credit score requirements for home improvement loans
- Income requirements for home improvement loans
- Home equity loans for renovations
- Home improvement credit cards
- Marketing strategies for home improvement financing
- Increase business growth with home improvement financing
- Tailored financing solutions for home improvement projects
- Competitive interest rates for home improvement financing
- Training your team to offer financing solutions
- Monitoring and adjusting financing options for the home improvement industry.
SEO phrases:
- “Get financing options for your home improvement project”
- “Affordable home improvement loans and deferred payment plans”
- “Flexible financing options for contractors and homeowners”
- “Home improvement financing tailored to your needs”
- “Increase sales with our home improvement financing solutions”
- “Get the best interest rates on home improvement loans”
- “Apply for home improvement financing today”
- “Expert advice on home improvement project financing”
- “Renovate your home with our flexible financing solutions”
- “Custom financing options for all your home improvement needs”.
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