Using Content Marketing to Drive Sales

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Information about Using Content Marketing to Drive Sales
Finance

Published on March 4, 2014

Author: TruebridgeFinancialMarketing

Source: slideshare.net

Description

This Truebridge workshop can teach you how content marketing can drive brand awareness and generate sales for banks and credit unions. People are looking for answers to their financial questions. They will overwhelmingly buy from the answer provider. See how your bank or CU can become that kind of valuable resource.

Using Content Marketing to Drive Sales

• 12 year old Financial Marketing Company • Principals have spent a majority of their careers in the financial services and marketing industries • Work with financial institutions of all sizes in helping them generate more sales through more channels

Agenda • Consumer Buying Behavior • Defining Content Marketing • Content Marketing in Action • Why is it so important to financial institutions today? • What kind of content is needed? • Delivery Channels • Revenue Opportunity • Build or Buy Considerations

Consumer Buying Behavior • Fact 1: People are looking for easy to understand answers to their financial questions. • Fact 2: People will buy from the one who provides them. (74% of responders polled)

Consumer Buying Behavior • Fact 3: This is especially true around life events when, according to Forrester Research, people are 43% more likely to buy a financial product. • Fact 4: If customers don’t get this content from their financial institution, they will get it from someone else. The competition is relentlessly doing so today.

So…What is Content Marketing? • Creating and distributing relevant and valuable content to attract, acquire, and engage customers. • Not a sales messages that interrupts, but something that people actually want to engage with.

A “Teach not Sell” Approach “People want to be taught not sold. When trust is the goal, companies should strive to sell by not selling.” Joe Pulizzi, Content Marketing Institute

Content Marketing in Action • Content marketing is not new • John Deere – 1895 – newsletter on technology in agriculture • Nike -1966 - benefits of jogging, not selling shoes • Home Depot - today– teaches people how to build a fence

Content Marketing in Financial Services Being an educational resource to help people make better decisions that could help them save money and avoid mistakes.

Old Barriers ▫ Regulation ▫ Compliance- can’t just hire freelance writers ▫ Inside writers- expensive

Why So Important? • Content creates dialogues that uncover more needs – generating more leads – leading to more sales • Traffic migration from branch to online makes dialogue creation more challenging • Most online interactions are strictly transactional in nature

Delivery is Key! Relevant content is great- but its level of effectiveness depends on DELIVERY. • Delivered around life events when people are looking for answers and more likely to buy • Delivered in a way that engages people and allows them to uncover hidden needs • Delivered in a way that connects them with the person who can help with those needs

Leverage Existing Channels • Content that sits idle or hidden on your site can’t help your institution or your customer. Get it out there! • Cost effective delivery by leveraging existing channels both online and in the branch.

What Type of Content is Needed? • Your customer wants… ▫ Broad ▫ Relevant ▫ Branded ▫ Organized around life events ▫ Easy to read and understand. No jargon!

What Type of Content is Needed? • Your institution needs… ▫ Professionally created and maintained to satisfy legal, tax and regulatory changes ▫ Compliance reviewed including FINRA review letters for investment related content ▫ Reviewed and approved by B/D compliance department ▫ Expanded as needed to reflect changing rules and regulations

Examples of Delivery Business Answer Center Financial Answer Center

Delivery Mechanisms

Delivery in the Branch Frontline employees introduce the content as a value added service and offer guides relevant to customers’ life events as a part of their everyday service-focused routine. The request for a guide is an automatic lead. Onboarding Account Servicing

Delivery Through Email Feature your content in emails to your members!

Delivery Through Social Media Twitter Solution Edu Tweets Facebook Solution Edu Posts

Delivery Through Mobile • All content and features of the Financial Answer Center are formatted for easy access through mobile devices EZ Viewer

Worksite Delivery Financial education is one of the most increasingly valued employee benefits. Your business customers can provide it to their employees with a simple link. Access to Financial Answer Center as an employee benefit draws employees of business customers to you for financial education and people that can help

Bringing it all Together: Content Calendar • Three step plan for getting your content out there: ▫ Message ▫ Timing ▫ Delivery channel

Activity Levels to Revenue Impact Revenue Opportunity Calculator Make your own assumptions! Calculator can be found at www.truebridge.com

Build or Buy Considerations • Strategy is simple enough, but in order to build, you must: ▫ Create ▫ Maintain ▫ Host

Build or Buy Considerations: • Affordable monthly subscription includes: ▫ Full turnkey Content Marketing System ▫ Customized to match your look and feel ▫ Integrated employee pictures and contact information ▫ Professionally maintained by a top national accounting firm ▫ Individual customer service to ensure active usage and shared “best practices” ▫ Hosted through top-ranked secure facility

In Closing… • People need help. • They will buy from the one who provides it. • Use a content marketing strategy to make that YOU. “We are living in a content-driven economy. You cannot survive in the banking space today without a content marketing strategy.” Jeff Pilcher, The Financial Brand

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