What's Up Niches! | Ep. 30
Description
In this episode of the MLO Project, Frazier and Michael discuss the importance of loan officers niching down to maximize their expertise and business opportunities. They hit on common misconceptions about limiting income potential by focusing on a niche market. They share personal experiences and insights on how becoming an expert in a specific area can lead to broader business opportunities and industry recognition.
Michael also touches on Empower LO's journey from being perceived as a general lead generation service to becoming the go-to experts in high-level CRM for mortgage professionals. This episode serves as a valuable guide for loan officers looking to overcome fears of specialization and highlights the magnetic effect of being an expert in a niche market.00:00 Introduction and Episode Overview
00:33 Welcoming the Co-Host
00:56 YouTube Presence and Struggles
01:39 The Importance of Niching Down
04:30 Expertise and Perception
13:55 Empower LO's Journey and Niching Strategy
27:21 Final Thoughts and Takeaways
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