finance

Marketing – it\’s a TEAM effort!

As the saying goes – there is no “I” in TEAM. I wish the word Marketing didn’t have an “I” in it so I could carry the saying over – but I think you know where I’m going here.  You can spell team using the letters in Marketing though! Marketing is a TEAM effort – that is, if you want to have the biggest ROI (Return on Investment).

About the TEAM in MARKETING.  I get some pushback on this, especially if I have a client paying me to handle marketing for them, or if they have an in-house marketing person or group.  Why do the rest of the employees need to be involved – what gives?

In fact – a lot gives. Here’s why.

  1. When you build a culture of inclusion making everyone part of the process and therefore the story, magical things happen.  It creates a powerful place of employment, more importantly, the team not only drinks the proverbial Kook-Ade – but they also share it.  WORD of MOUTH Marketing is powerful.  When employees brag about your brand – what does that say about you?  Ps – A Lot.
  2. You get the REAL STORY. Back to #1.  When you have team members posting work selfies on Instagram, Facebook & Twitter – or FB or Insta Live videos they tend to get far more engagement and will tend to become viral over a standard – hey here’s what we do post.  More importantly, you are getting a behind the scenes look at what makes the company tick aka “The Real Scoop”.
  3. Your buyers don’t want to be sold to. When you get that real behind the scenes story, buyers can see what’s real and then make a decision based on that reality.  Far more powerful than an advertisement telling someone why they should buy from you.
  4. The team includes your customers! We all strive to have brand evangelists, so why not encourage your employees to find those evangelists and engage with them on social.  Salespeople are your ideal target for this since they are often client facing – or perhaps even a service team.  Having an employee and a happy customer in an Instagram Story or in a picture on Twitter is PRICELESS!  You can’t beat that kind of advertising.
  5. Consistency, Authenticity, and Transparency. The holy grail of marketing.  When you have your team involved this becomes far easier.  You will have more engagement, you will see the real behind the scenes story from real people – not actors, not stock photos and not a stagnant social feed or website.

So….that’s why I encourage CEO’s to have a flexible yet monitored social media policy.  Yes, you have to have training and controls especially in compliance driven fields such as healthcare, financial services, and insurance – but trust me, it can be done and done well.

That’s my story, I’m sticking to it.  Go Team is the answer to this one. 100% hands down a winner!

Marketing – it\’s a TEAM effort! Read More »

Marketing – it\’s a TEAM effort!

As the saying goes – there is no “I” in TEAM. I wish the word Marketing didn’t have an “I” in it so I could carry the saying over – but I think you know where I’m going here.  You can spell team using the letters in Marketing though! Marketing is a TEAM effort – that is, if you want to have the biggest ROI (Return on Investment).

About the TEAM in MARKETING.  I get some pushback on this, especially if I have a client paying me to handle marketing for them, or if they have an in-house marketing person or group.  Why do the rest of the employees need to be involved – what gives?

In fact – a lot gives. Here’s why.

  1. When you build a culture of inclusion making everyone part of the process and therefore the story, magical things happen.  It creates a powerful place of employment, more importantly, the team not only drinks the proverbial Kook-Ade – but they also share it.  WORD of MOUTH Marketing is powerful.  When employees brag about your brand – what does that say about you?  Ps – A Lot.
  2. You get the REAL STORY. Back to #1.  When you have team members posting work selfies on Instagram, Facebook & Twitter – or FB or Insta Live videos they tend to get far more engagement and will tend to become viral over a standard – hey here’s what we do post.  More importantly, you are getting a behind the scenes look at what makes the company tick aka “The Real Scoop”.
  3. Your buyers don’t want to be sold to. When you get that real behind the scenes story, buyers can see what’s real and then make a decision based on that reality.  Far more powerful than an advertisement telling someone why they should buy from you.
  4. The team includes your customers! We all strive to have brand evangelists, so why not encourage your employees to find those evangelists and engage with them on social.  Salespeople are your ideal target for this since they are often client facing – or perhaps even a service team.  Having an employee and a happy customer in an Instagram Story or in a picture on Twitter is PRICELESS!  You can’t beat that kind of advertising.
  5. Consistency, Authenticity, and Transparency. The holy grail of marketing.  When you have your team involved this becomes far easier.  You will have more engagement, you will see the real behind the scenes story from real people – not actors, not stock photos and not a stagnant social feed or website.

So….that’s why I encourage CEO’s to have a flexible yet monitored social media policy.  Yes, you have to have training and controls especially in compliance driven fields such as healthcare, financial services, and insurance – but trust me, it can be done and done well.

That’s my story, I’m sticking to it.  Go Team is the answer to this one. 100% hands down a winner!

Marketing – it\’s a TEAM effort! Read More »

Creating New Banking Customers – The Art of the Email Drip

If you oversee the marketing or sales for a bank or credit union, you’ve probably placed your fair share of ads in local newspapers, had some promotions on the local radio show, and launched a fabulous Facebook page. Hopefully, you’ve gotten some feedback, adjusted your strategy, and carried on. One marketing avenue you might have overlooked is the quiet, simple, inexpensive, humble email.

It’s true that email marketing sometimes gets a bad rap – Many are afraid of clogging their client’s inbox, being lost in a sea of spam, or getting an “opt out” notification. Fortunately, there’s a solution – Send emails that aren’t all about selling. Instead, focus on building trust, showing expertise, enhancing reputation, sharing great information, and being useful to your customers. Sneak in a subtle call to action here and there by all means, and you’ll find it effective. That’s why “Email Drip Campaigns” work really well for banks, credit unions, and financial institutions.

Why email drip campaigns work

Email drip campaigns are more successful than standard email campaigns because they’re not directly selling something. People are put off by overly “salesy” messages, so drip campaigns avoid them. An email drip campaign will:

  • Share genuinely useful information with your customers and potential customers.
  • Reinforce the name and brand of your bank or credit union with your customers.
  • Show that you understand the needs of people who may require your services.
  • Alert people to news, information and other content that could be useful to them.
  1. A customer or potential customer provides you with their email address, and agrees to get emails from you.
  2. You create a strategy for sharing useful banking and financial information with email recipients and create a series of emails.
  3. You send out emails on a periodic basis according to your strategy and timetable.
  4. Customers and potential customers read these emails and choose to act on them.

We call these “drip campaigns” because they’re designed to work over time — A slow reinforcement of your bank’s brand, expertise, and authority showing how you can help out your personal and business customers.

The type of information your bank could share

Here are some examples of the type of content that does well in email drip campaigns:

  • Simple advice on household budgeting and how to make money go further.
  • Financial planning for vacations and special events, especially at seasonal times of the year.
  • Clear information on investments and how customers can start making their money work for them.
  • Information on the housing market in your local area and whether it’s a good time to buy or sell.
  • Explanations of good money management, including credit and debt.
  • Business centric articles on succession planning, the economy, company culture, and more.
  • Advising people on savings, insurance, and other key areas.

Of course, you can mention your products and services in these emails, but that’s not the point of sending them out. Instead, you’re providing genuinely useful, actionable information to help your customers make better decisions. As a result, they’ll trust you more, and people simply prefer doing business with organizations they trust.

The information you provide doesn’t need to be limited to your emails either. You could have a blog on your website that the email links through too, and where you expand on key information. That also has the benefit of “search engine optimization,” meaning the content could show when people search online.

If you want to learn how to create an affordable lead generating magnet for your bank or credit union – why not give us a call? It’s what we do – We’re lead generating machines here at the Red Barn.

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