Author: Kirsty France

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How do mortgages for the self-employed work?

I’m a whole of market Independent Financial Adviser and advise on investments, pensions, wealth planning, protection, and mortgages.

If you’re self-employed and want to increase your chances of getting a mortgage, it is worth noting there are many differences from lender to lender. 

You’ll need to fulfil the following fundamentals to facilitate a self-employed mortgage. Here are some of the things to consider.

You’ll need two years’ Full Accounts

This is usually in the format of a document SA302 – (tax year overview and tax calculations). 

These can be retrieved from HMRC or your accountant.

Many lenders will average the earnings over the two years on increasing profits; however, for decreasing profits, it is the lower one they work on. 

It’s therefore advisable that the latest year is the best year. Make your accountant aware of a pending house purchase when they’re compiling the accounts.

  • If two years’ accounts are not available, some lenders will accept one full year’s accounts and an accountant’s certificate.

However, this limits the number of lenders available and requires your accountant to provide this information.

Image shows a house to get you thinking about self-employed mortgages.

Distinguish between Sole trader vs Limited Company

As a sole trader, you are the sole owner of your business. You may employ staff to work with you, but you have complete control of the company. You keep all the profits after tax but are also personally liable should the business get into trouble. 

If you form a limited company, you are setting up a separate private organisation. You are not personally liable for the business – even if you’re the director and sole shareholder. The company is its own legal entity, so you can only lose what you put in. Rather than keeping the profits, you pay yourself through a combination of salary and dividends.

Have both your business and personal bank statements available.

  • As with employed mortgage applications, there is a requirement to have a deposit available.

10% is usually the minimum for most lenders. However, a few will accept 5%. You’ll need to provide evidence showing the source of the deposit. There is a gifted deposit process with some lenders, where you’ll need extra proof of where the funds are, with identification and written confirmation from the donor, noting that this is a non-refundable gift.

Credit checks

  • All mortgage applications will have a credit check; some leave a soft footprint, and some a hard footprint. 

Experian and Equifax are the main two credit check providers many lenders use. However, be mindful of how many applications are processed, as this could negatively affect your credit file.

To improve the credit file, regular use of small amounts on a credit card and the balance repaid in full could help the score over a longer period – ideally before a mortgage application.

Affordability calculators will vary from lender to lender

Lenders will consider whether you can afford to pay your mortgage. They’ll look at the number of dependents you have and any continuing commitments (credit card/loans etc.). 

Other forms of income could also be considered, depending on the lender, such as child benefits, maintenance payments and PIP. Also, some lenders will accept debts being cleared before purchase, and others will not.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Hannah Cowell DipPFS CeMAP Certs Cii (MP & ER)

IFA

Mobile 07870898474

Email hannah.cowell@2plan.com

Website Hannah Cowell (2plan.com)

2plan wealth management Ltd is authorised and regulated by the Financial Conduct Authority.

It is entered on the Financial Services Register (www.fca.org.uk) under reference 461598.

Registered Office: 3rd Floor, Bridgewater Place, Water Lane, Leeds, LS11 5BZ.

Telephone: 0113 302 1360. Registered in England and Wales: 05998270

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Lead magnet ideas to help you attract new customers

How my desk looks when I'm coming up with lead magnet ideas

A good lead magnet can help you attract new customers and subscribers to your email list. The question is, what does a good lead magnet look like? One of the essential elements is to make sure it will only be useful for people who could actually become customers. Beyond that, your lead magnet can be tailored to your business and what works best for your audience. Read on for a few ideas.

Quick and actionable tips

Your lead magnet can help to establish you as an expert, which is particularly important when you offer a service. Offering an eBook, video or webinar that helps people make quick progress (like my free eBook) gives them a taster of the results they could get by working with you. Don’t solve the whole problem; show your subscribers how they could get better results with less effort by becoming customers.

Checklists and templates

A checklist or template might sound too simple to be a good lead magnet, but it can offer your audience real value. A template can give them a structure for anything from a blog post to their CV. Checklists can help someone to plan their wedding, pack for a holiday or sort their legal documents. Having something to refer to so they know they’re on the right track reduces their stress and helps them trust you.

Free samples or trials

Offering either a free trial of a service or a sample of a product lets potential customers try before they buy. It allows them to test your product’s quality and experience your service. A free sample won’t let them see long-term results. However, it will tell them if your skincare gives them spots or if they find your software easy to use.

Discount codes

Discount codes are a great lead magnet option if you can’t offer your audience a free trial or sample, as they can encourage people to take a chance. However, if you choose this option, you’ll need to look at it carefully and consider the potential financial impact on your business. How much of a hit can your profits afford to take as a marketing expense? Will some people only buy if there’s a discount?

Reports

A report may seem like a strange option for a lead magnet, but it can be great for B2B services or products with a lot of technical data. You don’t even have to do your own research for this (although you could). Instead, gather statistics or case studies showing your service’s benefits or how much your customers could save to help them understand what they’re buying.

Quizzes and calculators

You might think that a quiz is a fun procrastination tool that’ll let you test how many 80s songs you remember or tell you which ‘Stranger Things’ character you are. However, if you offer a range of products or services, they can help your customers to understand which one is right for them. Another option is providing a calculator that lets customers enter their details and analyse costs. I’ve seen these used for high-cost investments like insurance or software subscriptions.

Ask participants to enter their email address at the end, and you can send them their results and tailor your follow-up emails to suit their results.

Do you want to grab your audience’s attention with a great lead magnet? I can help with that. If you’d like a chat to find out how it works, you can book a call here.

You can also sign up to receive monthly emails packed with useful content writing and marketing tips using the form below.

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What are lead magnets, and how do they help you grow your business?

Lead magnets word cloud

Building a relationship with your audience means encouraging them to take a step closer to buying from you. How can you do that? With a lead magnet. Read on to learn more about lead magnets and what they can do for your business.

What are lead magnets?

As the name suggests, lead magnets are a way to attract your ideal customers to your business. Your content marketing helps your audience get to know you and what you do. A lead magnet takes it a step further by persuading people to give you their email addresses in exchange for something they want. That means you aren’t at the mercy of a social media algorithm anymore; you can talk to your customer via their inbox.

Keeping you at the front of your customer’s mind

You might think email marketing has had its day, but it hasn’t. If you send marketing emails regularly, you’ll stay at the front of your customers’ minds by reminding them what you do. Then when they’re ready to buy, they’ll remember you. If you get to know your customers, you could even tailor your emails to arrive when they’re thinking about that very thing. Your lead magnet could do the same job if it’s something your customer looks at or refers to regularly.

Offer your audience something useful

One of the most important things about good lead magnets is that they offer your audience something valuable. This helps your business in two different ways. Firstly, it allows you to qualify your leads. If your lead magnet is specific enough, it’ll only appeal to people who might eventually buy from you. Secondly, it helps your audience to understand how you can help them by offering them a sneak preview of the results they could get if they worked with you or bought your product.

Encourage people to try your product

If you have a product-based business, your lead magnet could be a free or low-cost sample. Your potential customers might hesitate because they’re reluctant to spend money and take a risk. By offering them something free or asking them to pay a small amount on P&P, you encourage them to take a chance.

This approach doesn’t just apply to physical products. Many software services offer a free trial so that you can try it out for yourself.

Lead magnets help you share information

If you have a service-based business, you can’t necessarily send someone a free sample of your service. I could write you an opening paragraph for your blog, but it wouldn’t get you very far. So instead, you can create lead magnets with hints and tips that help your audience to take a DIY approach. Helping your audience with your lead magnets shows them your expertise and builds trust. Then, when they’re ready to work with someone, they’ll remember you and how you helped them.

You can also follow up on your lead magnet with emails that teach them more about your services and how you work.

Do you want to grab your audience’s attention with a great lead magnet? I can help with that. If you’d like a chat to find out how it works, you can book a call here.

You can also sign up to receive monthly emails packed with useful content writing and marketing tips using the form below.

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Your menopause and the butterfly effect

Guest blog - Mairi Taylor - menopause rock star

We know that for a caterpillar to transform into a butterfly they have to allow themselves to turn in to the most glorious goop where their imaginal cells – I always thought they were called “the magical cells” – recreate the butterfly the caterpillar was always destined to be.

If anyone tries to hurry the process or help the delicate butterfly emerge from their cocoon too early their lives are shortened & they don’t get to live their full glorious next phase of life.

What if your menopause transition is your glorious gloopy phase?

A full breakdown of the woman you are in order to become the woman you are meant to be in this next chapter of your life? This is a true “unbecoming” as you have to allow yourself time to be the gloopy mess, a mess where everything you thought you were is allowed to disintegrate & you recreate a new glorious version of yourself.

This time can be confusing, frustrating, irritating & downright frightening as we appear to rage against the two aspects of ourselves. For many of us we hold on so tightly to “our caterpillar” that we simply don’t allow the potential magic to happen. There can be such a sense of loss for many as society doesn’t honour our “gloopy mess” phase, or the wise wild woman we can become.We haven’t been shown how to navigate this transition in between family, work & all the other 100’s of responsibilities & commitments we face as modern women, but maybe just knowing this “mess” is all part of the phase may help your butterfly emerge just a little easier.

You can’t rush it, force it or deny it because to do so would impact the quality & vibrancy of the next phase & you would be dishonouring the woman you were & the woman you are yet to know.

What if we could all enter this phase of life knowing we need to allow time & space for the breakdowns, setting strong boundaries to protect some “chrysalis time”, the reimagining, the gloopy, sticky mess & see, hear & feel it for what it is? Knowing that by allowing it to take it’s time & simply swim in the soupy mess we will emerge as a newly formed & glorious post menopause woman who can open her wings & fly with a new sense of freedom as her next chapter takes form?

Mairi Taylor

Get in touch

If you need or support navigating your menopause / midlife transition then know you don’t have to be on your own. I can offer a range of services and a support network of resources and people to help you navigate.

www.mairitaylor.com

https://www.instagram.com/mairitaylor_menopause_rockstar/

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7 tips to help you write a headline that gets you noticed

Me at my computer, creating content and trying to write a headline that'll get my marketing noticed.
Image by Julie Grant Photography

Good content marketing headlines can mean the difference between your content being read or totally ignored. (Find out why here.) Here are my tips on how to write a headline that will help you attract the right audience.

Make sure your headline reflects your content

A good headline lets your audience know what to expect. If people start reading only to find that your post wasn’t what they were expecting, you’ll lose their trust, and that’s fatal to a small business. So write a headline showing them why your content is worth your time, and ensure your post sticks to the point.

Write your headline last

If you’ve planned your post, you’ll have a good idea about what you’re going to cover, but things can change as you write. You might come up with an interesting analogy or a take on the subject you weren’t expecting. If you write a headline before you start, check it at the end. Does it still work with the finished piece?

Use numbers

If you can use a number when you write a headline, do it. Several studies have shown that using a number in your headline can increase engagement by anything from 15% to 73%. Readers like numbers because they’re specific and show you roughly how long a post will be. However, please don’t shoehorn a number in if it isn’t relevant. Your readers will smell a rat.

Write lots of different options

Writing several different headline ideas gives you options to choose from and can help you to create a headline that fits your content. Change the structure of your headline and use different synonyms. You can also think about the results your readers will get and why they’ll be interested in what you have to say. Then, when you’ve finished the piece, you can see which one is the best fit.

Put keywords at the start

Putting your keyword or phrase at the start of your headline means that your subject is clear from the start. That’s great for your readers and your SEO. However, it isn’t always possible; I think it’s better to have a headline that reads well than to put your keyword at the start and end up with a clunky sentence.

Use power words

Power words are words and phrases that encourage people to pay attention. Sometimes these can be as simple as using ‘you’ or ‘your’ in a headline. It makes your reader feel that you’re speaking to them personally. Power words are often emotional but can also create a sense of urgency. CoSchedule’s list of 180 power words will give you an idea of the kind of words that work.

Test your headlines

A good headline lets your audience know what they’re going to read but also creates an emotional connection. You might not think you can test that, but you can. If you’ve got a few different options, a headline analyser can help you to pick the best one. There are a few to try, but my favourite is the Advanced Marketing Institute’s headline analyser.

Do you want to grab your audiences’ attention and create content that speaks your customers’ language? I can help with that. If you’d like a chat to find out how it works, you can book a call here.

You can also sign up to receive monthly emails packed with useful content writing and marketing tips using the form below.

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Why are good headlines important?

A newspaper with good headlines

You might associate the word ‘headline’ with a newspaper or online article, but you use them everywhere in your marketing. They’re the title of your blog posts, the subject line in your emails and even your social media posts have a line at the top that’s the first thing your readers will see. Good headlines can determine whether your marketing hits the spot with your audience. Read on to find out why…

Headlines catch people’s attention

OK, this is the most obvious reason for creating good headlines. They’re designed to intrigue potential readers so that they want to know more. That could be because you’re offering the solution to a problem or because you’ve teased some juicy secret they must know about. It makes them look twice and tempts them to read the rest.

I have one important caveat – a good headline isn’t misleading. This brings me to…

Good headlines let your readers know what to expect

Clickbait may work for some businesses, but small businesses like ours need to build trust. A clear headline that lets your reader know what they’ll get from your content helps you do that. It also allows your audience to decide whether it’s worth their time. That way, when they click through, they know that you’re providing tips or advice they can use.

Even if people don’t read the whole post, it gives them a clear impression of what you do and what your business offers.

They can express a particular mindset

Have you ever stood and looked at a newspaper and magazine display in a shop? Each publication could be talking about the same subject or news story, but they all do it differently. The headlines they use help you understand their political viewpoint or the issues they care about.

Your headlines can do the same; they can help you attract customers with a similar worldview to you or tell them something about your personality, so they’ll know whether you’re their kind of person.

Headlines are great for SEO

Headlines work to boost your search engine rankings in two different ways. Firstly, the fact that you have a headline tells Google that your content is well-organised and likely to be helpful.

Secondly, you can include keywords in your headlines. Then, when search engines look at your site, they can immediately tell what your subject is. That means when someone asks a question with your keywords, they know your content is relevant to that search.

Good headlines = more clicks

When you create marketing, you want people to read it, and a good headline encourages them to do that. That doesn’t just apply to content you created to educate your audience. It can help you to get new sign-ups to your email list and more sales. A headline can make it clear that you’re selling something and give your audience insight into the benefits of your product or service so they click through to find out more and ultimately buy from you.

Do you want to grab your audiences’ attention and create content that speaks your customers’ language? I can help with that. If you’d like a chat to find out how it works, you can book a call here.

You can also sign up to receive monthly emails packed with useful content writing and marketing tips using the form below.

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What kinds of content will help you grow your audience?

Chimp and stormtrooper thinking about content types.
Image by Julie Grant Photography

Growing your business means getting yourself noticed. What content can you create to attract new social media followers and website visitors and let people find out about you when you’re not face-to-face?

Read on for some ideas.

Be creative in how you present information

Whenever you create new content, think about how you can reuse it, so your audience gets the point no matter what kind of content they prefer. For example, you can edit your website copy for leaflets and present social media posts as text, graphics or videos.

Keyword blogs and articles

Writing blogs or articles using keywords your customers are searching for will help you show up in a Google search. You can also share them on your socials and educate people about your services. So, think about your services and what you want to be known for, and write about that.

Case studies

Case studies show your future customers the results you’ve got for real people like them, so it helps them trust you. Sharing them on your website helps your SEO, and you can post them on your socials or make a video telling the story.

Testimonials

Testimonials work the same way as case studies, except they come straight from your customers. Google reviews help your SEO, but you can also make graphics out of positive reviews and share them as posts.

Infographics

Infographics help people remember information so they can make great posts, and you can include them as a summary in your blog posts. They’re good on Pinterest as you can use them to summarise a longer article and post them with a link.

List articles

List articles could include top tips, questions, or your favourite resources; there are loads of possibilities. Post them on your website and break them down into individual social media posts and Reels or summarise the key points.

Personal stories

Sharing your story helps your customers get to know the person behind the business. A story can be an article or a few sentences so you can share them on your website and social media as text, images or videos.

Business cards

Believe it or not, some of us still have business cards (mine are from pre-lockdown). They’re great for networking, but you can carry them all the time; I once had someone ask for my card at a kids’ birthday party!

Leaflets

Leaflets offer more information than your business card can, which means you can pin them on your local noticeboard, leave them on a bumph table in a café or send them in the post.

Brochures

Brochures let you show off your work and give more details about your products and services. They can be pricey, so you could stick to sending them in response to new enquiries, but they can be a great way to introduce yourself to new people, especially if you offer a B2B service.

Merchandise

You’ve probably seen personalised merchandise at expos and trade fairs, but they work well as thank-you gifts and as a way of introducing yourself by post. The great thing about products with your name on is that people will keep them where they can see them, so they remember you.

Do you want to grow your audience by creating content that speaks your customers’ language? I can help with that. If you’d like a chat to find out how it works, you can book a call here.

You can also sign up to receive monthly emails packed with useful content writing and marketing tips using the form below.

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Where will you find new people to grow your audience?

Marketing has two main goals. The first is to let potential customers know you exist, and the second is to show them how you help them (and that they can trust you) so they become customers. Of course, you need to grow your audience to achieve the first goal, but how do you do that? Where will you find all these new people who haven’t heard about you yet?

Here are a few of mine. If you have some of your own, let me know in the comments!

Your website

Your website can help you to grow your audience in loads of different ways. A good SEO strategy will help them find you on Google and learn about you or buy products from the comfort of their sofa. You can have a contact form so they can get in touch with you quickly or encourage them to sign up for your email list. Even if you aren’t ready to get into SEO, a website can act as a brochure where people who’ve found you elsewhere can check you out.

Social media

This is probably the first thing you think about when you’re trying to grow your audience. Social media can help you to reach people you might never meet in real life or someone who’s just up the road but hasn’t heard of you yet. This could happen because your existing followers share your posts or because each platform shows you new things that it thinks you’ll like.

You must think about what your audience needs, what platforms they spend time on and the content they’ll enjoy.

Networking

The idea of networking can strike fear into the heart of a new business owner, but it doesn’t have to be scary. It can give you a supportive community and new customers if you find the right group. Groups can vary immensely in their approach, so try out a few and see what you think.

The main disadvantage of networking is that it can be pretty time-consuming, but it can also be the fastest way to build a relationship. It can also have other benefits…

Referrals

Your network isn’t just the people you know; it’s also the people who know you. For example, you only have to dip into a community Facebook group to find someone looking for recommendations for a plumber or somewhere to get their nails done.

You could get a referral from an existing client or someone you met networking. That person you spoke to over coffee or in a Facebook group might not need your services but could end up chatting with someone who does.

The real world

How would you find new customers if every social media platform suddenly ceased to exist? I know that isn’t likely to happen, but I’ve seen plenty of people get hacked or banned and lose their business page. The reality is that you’d look to the real world. That could simply be networking or referrals. It could be making your shop front look inviting, so people walk in. Think about where your potential customers spend time offline, and you can expand your marketing horizons.

Do you want to grow your audience by creating content that speaks your customers’ language? I can help with that. If you’d like a chat to find out how it works, you can book a call here.

You can also sign up to receive monthly emails packed with useful content writing and marketing tips using the form below.

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What you need to know about your audiences’ lives

Here I am, getting to know about my audiences' lives.
Image by Julie Grant Photography

Understanding what your future customers need is an essential first step in creating effective marketing, but you guessed it, there’s more to it than that. Any marketing you create has to compete with umpteen other things. First, you need to learn about your audiences’ lives to understand what they are. Then you can talk to them like a human being, not just another faceless business.

Here are a few ideas to get you started.

What will stop them from buying?

Overcoming buyer objections doesn’t mean you have to be a pushy salesperson. It just means that your marketing needs to answer the questions they already have. That could be explaining what you do and how you work, being clear about costs and answering as many potential questions as possible. Sometimes new customers need to do their research before they feel ready to decide.

What demands do they have on their time?

Understanding your audiences’ lives means knowing what they deal with every day. Do they work all day, then come home to cook the kids’ tea and get them to bed before they can sit down? Do they look at social media when they’re still half asleep in the morning? When might they get a minute to themselves? When you know that you can create content that they’ll enjoy and time your posts so your audience will see them.

Where do they spend their time?

It’s easy to focus on social media and which platforms your audience will use. That’s an integral part of your marketing but think about the real world too. For example, if you offer activities for kids or postnatal yoga, consider where the baby groups meet and whether they have a notice board. A co-working space could have room for leaflets that other businesses will see.

What do they value?

It can get disheartening when there’s a cost-of-living crisis, and everyone you know is talking about being skint. What’s the point in marketing when no one’s buying? The truth is that people will still spend money on the things they value. Ask yourself what’s important to your audience and how your product or service ties in with that, and then tell people about it.

What stage of life are they at?

Sometimes the things your audience value most relate to where they are in their lives. A student or someone looking for their first job has very different priorities from a newly retired person. Even if you sell to parents, their needs will change depending on whether they have a newborn or a teenager. That will influence what they care about and how you need to talk to them.

What do they expect from you?

My expectations of a business vary depending on who they are. If I buy from a small business that sells handmade goods, I don’t expect next-day delivery like I would from Amazon. Likewise, the level of professionalism your customers expect might change depending on the type of business they’re looking for. You can influence their expectations through the language you use in your marketing. This works incredibly well if you work in an industry with a stuffy reputation, like law or finance, and want to turn that on its head.

Do you want to create content that reflects your audiences’ lives and speaks your customers’ language? I can help with that. If you’d like a chat to find out how it works, you can book a call here.

You can also sign up to receive monthly emails packed with useful content writing and marketing tips using the form below.

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Why you need to understand what your audience needs

Photo by Julie Grant Photography

Getting to know your audience is a fundamental part of marketing your business. When you understand what your audience needs, you can create marketing that speaks to them and lets them know you understand them.  The alternative is bland marketing that doesn’t connect with anyone.

Here’s why you need to know what your audience needs and how it’ll help your business.

Products and services

Sometimes, the services you offer depend on your qualifications and experience. For example, you won’t get far without professional credentials if you provide legal advice or treat someone’s bad back. In other industries, there might be more than one way for you to help your customers. Understanding what your audience needs allows you to tailor what you offer.

A range of products and services will also cater to customers at different stages of the buyer’s journey.

The buyers’ journey

Every potential customer who comes across your marketing will be at a different stage of the buying journey. They might need what you offer but want to know more about you before parting with any cash. Maybe they aren’t sure what they need, or they have an idea but want to try a low-cost product or a DIY version of your service to test it out. But, on the other hand, they could find you and sign up immediately because you’re exactly what they’ve been looking for.

Creating different types of content lets you meet people at whichever stage they’re at.

Who needs your business most?

When you’re planning your marketing, it helps to think about the kind of people who need what you offer. For example, you’ll only need me if you have a business or create content for other companies. You’ll mainly talk to parents and grandparents if you sell baby clothes. Will your service be a great fit for someone who’s cash-rich but time-poor, or is it the opposite way around?

Technically, you could sell to anyone, but when you work out who is most likely to need what you offer, it’s easier to create content that hits the spot.

Who do you want to work with?

If you run a service-based business and work one-to-one with your clients, your life will be a lot less stressful if you get on with your customers. Of course, you might already have worked out what type of person is most likely to need what you offer, but you can still tailor your marketing to attract people you’ll enjoy working with.

For example, I mainly work with small business owners, and there are a lot of those about. I use relaxed language in my marketing but also mention my kids and my former career as a solicitor. It combines to attract people with the same approach to life as me.

How will they engage with you?

Finally, ask yourself what your audience needs to do to get in touch with you. Can they quickly buy your products when they finally sit down at the end of a busy day? Do they need to send you a message, email you or click a link to book an appointment? Thinking about how your customers spend their daily lives can help make it easier for them to buy from you.

Do you want to create content that speaks your customers’ language? I can help with that. If you’d like a chat to find out how it works, you can book a call here.

You can also sign up to receive monthly emails packed with useful content writing and marketing tips using the form below.