Cindy Donaldson

We all know that switching to a new bank can be…well, painful. The more accounts you have, and the more you automate the banking experience, the higher your retention rate. That’s great for your existing customers, but it doesn’t help when it comes to attracting new people to your business.

Most banks offer similar products and services, so creating a unique value proposition isn’t easy. What’s the secret sauce? How do some banks increase their retail numbers without putting lots of pressure on their service teams?

It’s all about telling a story and making it personal. Your customers and prospects want to feel like you’re speaking to them, that you “get them.” It all comes from your content – Understanding what you write and where you publish it are important, knowing WHO you are writing for is critical.

Let’s dive a little deeper…

Know your Target Client Profile (TCP) – What’s the demographic of your current customer base? Who are the potential customers you want to add? Where do they live? What is their socioeconomic background? Are they business customers? Retail? It’s critical to have a deep understanding of exactly who you want to reach – Their interests, aspirations, lifestyle choices, financial understanding and more.

Think like your TCP – Your content needs to be relevant to your TCP. What is most important to them? What’s going to grab their attention? How will it help? Will it answer their questions? Does it provide genuinely useful information? What will they read? How will they read it? When will they read it? A 20-year-old and an 80-year-old are going to have very different needs and ways of accessing content.

Create great thought leadership and product content – Thought leadership content is where your customers will get the most value. It’s about giving them insight, valuable information, and resources to help them understand and manage money better. When you combine that with information on your products and their benefits, you create a solid content strategy.

Share short, sweet, accessible, and relevant product information on your website – Your website is the place for your product information – make is easy to find and mobile friendly. Your bank’s website should also highlight your staff with pictures and bios. It helps your customers to relate to you, and people buy from others they know, like, and trust.

Blogging is the Grand Poohbah of content – Every bank should have a blog – It’s where your thought leadership and awesome content lives It’s where your staff can shine, and it’s what you will share on social media.

Keys to Blogging Success

1. PLAN – Have an editorial calendar based on your TCP and your value proposition – Who are you going to write for, and what are your going to write about? Create five or six content areas where that you’ll develop. They might be: Your culture and team – Stories about your employees, what makes them tick, and what they bring to your business. Retail customer information – Speaking to your retail customers directly about the things that matter to them. Retirement planning, mortgages, insurance, loans, real estate, the economy, tips for protecting your home in winter, safety, etc. Financial education and guides – Creating guides, checklists, tools, and resources to help you customers get the most out of their money. Business customer information – Talking to business owners about what matters to them including business bank accounts, small business financing, insurance, etc. Community – The work you’re doing in the local community including sponsorship and other activities. Financial news – Talking about the economy, the stock market, and other interesting areas.
2. SHARE – Build your brand and expand it through stories. The more people who see your name and your team, the quicker they will connect.
3. CONNECT – People leave banks because they don’t feel the love. Intriguing content that speaks to them helps them feel connected, which makes them more likely to switch.
4. REPEAT – For content to really hook your prospects, they need to see it over and over again. Be constant and consistent. Post regularly, share on social media, and get your name and brand out there.

Good examples of banking blog content

Here are some ideas on the type of content your retail audience would find useful:

• Financial planning and budgeting — Financial planning in everyday life and making sure you’re saving enough. Budgeting for big life events.

• Dealing with loans and overdrafts — Responsibly managing credit and debt, including understanding interest, minimum payments, and credit limits.

• Investing — Ways to invest money including bonds, the stock exchange, index trackers, mutual funds, and other investment products.

• Retirement planning — How to plan for a good retirement including IRAs, 401Ks, and other pension plans.

When you can bring together great content with a good understanding of your audience and share your content in the right way, you’ll start to create momentum. You can capitalize on that, use it to win you new customers, and keep them happy.

If you need help writing your content or want to bounce some more ideas off us – give us a shout – that\’s what we\’re here for![/cs_text][/cs_column][/cs_row][/cs_section][/cs_content]