Mortgage Brokers, Loan Officers, Bankers and Realtors - There is Hope!

I had a great system in place as a Loan Officer. I submitted over 45 refinance Pre-Q's in one month in November of 2007. I figured that I would finally break that magical number of making over $100,000 in commissions in one month. But we all know what happened with our beloved market around that time.

Between appraisals coming in too low and lenders going out of business or simply denying applications for whatever reason, I only had 1 out of those 45 loan applications close in February of 2008 and my commissions were less than $200.

This is such a crazy time to be involved in the real estate and financial industry! With the low home prices, one might think it's the best time to buy. Yet, it is so hard for buyers to qualify for a loan. So what do we do? Should we just wait it out for another three to five years and hope everything rebounds?

We know that it will have to come back around eventually, and when it does, those die-hard faithful will reap the rewards. But prudent entrepreneurs follow the trends, and make sure that they stay in front of those trends to ensure that they make a profit.

The fact that you are reading this tells me that you are (or were) possibly involved in the real estate/banking industry in some way, or that you are just business minded and want to study pertinent information that might improve your knowledge of money and the business world.

So now that we have established that you are business minded and are interested in positioning yourself in front of the trends that will put money in your pocket; what are the current financial trends?

It is called the Internet and die-hard real estate and banking entrepreneurs are jumping on the bandwagon every day. Some keep resisting and resisting thinking that they are "above" that because they are too "professional" to stoop to generating that form of income. Well guess what...You can be stubborn or be rich, but it's hard to be both in our current economy.

I have seen real estate investors that were averaging close to $400,000 per year lose their income. I have seen life insurance reps and business coaches and mentors that were making over $100,000 per month lose their income as well. I'm sure you personally know of similar situations.

I have also seen many of these individuals make the jump onto the internet marketing bandwagon. I have seen impressive stories of these same people build their internet marketing income up to almost what they were making in the "professional" business world of finance.

Don't make the mistake of thinking that you are too "professional" or "smart" to take advantage of the internet marketing trend.

You can either sit back and do nothing but wait until our real estate market and economy come back while you watch others ride the internet marketing bandwagon to the tune of millions of dollars earned, or do something to profit in our changing economy.

What story will you have to tell five years from now? Will you look back and say, "Man, I wish I would've capitalized on the internet marketing trend" or will you have a better story to tell?

Our economy will bounce back, but just think about your options in the meantime.

Good luck!