Categories
YouTube

6 Easy Ways To Use YouTube for Financial Services

At this point, everyone knows that leveraging social media is essential for business success, and yes, that is also true for financial services and b2b marketing. But social media extends beyond just Facebook and Twitter; there are myriad social services to be found and you may be missing out on a big one: YouTube (explained). Although a video takes more effort to produce than a tweet, the payoff can be worth it.

If you’re wondering whether a YouTube strategy is right for you, read on to find out what you can do and how it will help you.financial-services-using-youtube-woman

  1. Promote the brand. A big part of YouTube’s utility is that it gives you a way to promote your brand using a multimedia option. You can promote your brand with various types of content: product reviews, customer testimonials, or feature highlights. All of these are ways that you can show people what you have to offer and why your services are superior. Being on YouTube makes you accessible to a new market and makes your brand more relate-able.
  2. Engage the community. Your brand has a community, so you just have to find a way to work with them on a level that encourages response. When you share content you are able to generate buzz for your services. A good video is easy for customers and potential customers to enjoy and to share with others, which expands your community. You can also interact with the community by using your YouTube channel to promote events—either with teasers and hype beforehand, or recaps afterwards, which lets users see what they missed out on. You can also engage the community by offering promotions by video, which can be a fun way to get customers buying into the brand.
  3. Provide customer service. Normally, we think about customer service as being reactive: answering questions, dealing with problems, etc. However, YouTube makes it possible to provide proactive customer service. When you get a new product, for example, post a video that address questions that people have been asking. If you have something that people typically ask questions about, create a how-to video that explains what they need to know. You can also answer customer questions in video format, which doubles as a way to engage with customers.
  4. Integrate your social media. Creating videos on YouTube is part of your broader social media strategy, so make sure that you are cross-posting or embedding your videos onto other platforms. Include the link to your YouTube channel in profiles on other sites. When you post a new video, tweet about it or link it on Facebook. This will drive more people to your YouTube channel and increase your video’s visibility.
  5. Share PR moments. YouTube is a great place for showcasing your outreach efforts. If your company has done anything charitable, record the process and post a clip to YouTube. This can generate goodwill for your company and it is much more effective than a press release for getting the word out there about your altruistic deeds.
  6. Include calls to action. YouTube allows you to overlay notifications on a video. This is a great way to work in a call to action in your video. If you’re answering common questions, you could use an overlay to invite customers to comment or tweet at you if they have questions you didn’t cover. If you are giving a product demonstration, you could have an overlay with the product link and a discount code. This allows you to directly ask users to act without interrupting the video.

If your business isn’t already on YouTube, it is something you should certainly start working into your overall social media strategy. Consider YouTube Advertising, and ask these questions to start. YouTube is a powerful platform that lets you connect with your community directly to engage users, promote a brand, and provide customer service.

John Gower is an analyst for NerdWallet, a personal finance website dedicated to helping you save money with tips on everything from social media marketing to scoring a good cd account.

photo credit: www.videotrueque.es | cc

Categories
Social Media

3 Big Financial Services Social Media Marketing Rules You Must Not Miss

Social media is massive in terms of impact

Nearly every company has a social media presence.

It is a great way to connect with new clients and continue to develop relationships with them (high net worth prospects, for example). However, those who work in the finance industry may be a bit hesitant to get started. That is because of a set of rules published by the Financial Industry Regulatory Authority–known as FINRA.

Plus, add a little bit of “social media usage confusion”, and it’s enough to stop anybody in their tracks.

These rules are put into place to protect consumers and businesses in the industry. Unfortunately, these regulations can make it hard for financial planning services companies to begin developing a social media presence. These tips will help you when you get started with social media.  It is a way to reach out to your prospects and continue to build trust with existing clients.

1. Establish a social media policycan-social-media-work-for-financial-services

You need to make certain every involved employee (including you!) understands exactly what the social media platforms are used for and how to stay within the guidelines of FINRA. Additionally, go over your policy regularly. Since social media is rapidly changing, you may need to make changes on a regular basis.

2. Inspect social media rules and keep documents current

FINRA requires that each a firm’s written communication is subject to routine inspection (FINRA official). Because of this, it is vitally important that you keep documentation of how social media is being used as well as a listing of URLs of all accounts. There are further requirements; looking further into this section of the regulations can help you better understand what records must be kept.

3. Testimonials are off-limits, but…

It is important that you not make recommendations or suggestions for clients on social media platforms. And, clients cannot boast about your company, and share pages. Because of this, it may be best to use a “soft-sell” approach to social media. A chatty and personal approach that only mentions your services in passing both makes your business approachable and helps avoid making a mistake with regulations. And, when you add education and information marketing to the mix (without the sales hype) it will help to build your reputation. Over time, you’ll attract higher quality clients and more of them if done right.

As a business in the financial sector, you cannot be too careful when working with social media. However, it is an important way to connect with your customers and the “next frontier” of marketing.

Therefore learning how to utilize it without overstepping the regulations put into place by FINRA is vital. The biggest piece of advice is to start slowly and always be vigilant. If you are careful, your social media profiles can be a very positive addition to your company’s online presence. And, you should follow the ‘regular’ online marketing principles of research, analysis and content updates. That includes learning from top wealth management advisors.

In summary

Subjects you need to consider when using social media for your financial services business are:

  •     SEC and FINRA rulings and regulations
  •     Social media marketing strategies for FSI (these must be planned, and built out over time)
  •     Social media policy standards and employee usage
  •     Plan of action for social media policy management
  •     Defining ROI and objectives of social use

Examples: Financial Services Companies That Are Doing Well Using Social Media:
Financial Services Companies That Get Social Media
5 Ways Financial Services Firms Can Use Social Media
Best Use Of Social Media For Financial Services
ps-one-more-thing
P.S.

We have been working in the financial services industry for many years now. But, we often see owners and asset managers shying away from social media. They are afraid of getting into trouble. If done right and within compliance rules, social media can help lift your brand and overall visibility.

What do you think?

Categories
Financial Services

3 Facts About Marketing Your Own Financial Services Business

Since 1933, the finance and banking system has been crippled by legislation and stringent guidelines.

Add to this, the over 76 million Baby Boomers that will retire with an estimated $30 trillion in accumulated assets in the next 20 years.

However, after the serious economic events of 2008 and even including current day, the Boomer’s belief systems have been all but destroyed. To help manage this wealth, a trusted financial adviser is an absolute must.

So, who can they trust? And, how do they find you in the first place?

While you encourage questions about your business, how you operate, and what you offer, not everybody reaching out is qualified. Plus, you may spend a lot of time and unproductive hours every day chasing bad or low quality leads.

Nobody wins.

However, a ‘formula’ that seems to work well for a professional service business is: 

Authority + Trust + Right-Side Marketing = Natural Quality Prospects Attraction

Furthermore, there is mounting evidence of a changing marketplace in the financial services sector that reveals it’s more challenging than ever to attain success online.

While a formula can be a good place to start the process, you must begin to implement the most critical pieces from NEW learning. That includes understanding marketing systems and business building frameworks that match YOUR business. This will eventually improve and meet the goals, lifestyle and service of your highly affluent boomer and senior clients.

Everybody wins.

STEP 1: Watch this short video.

STEP 2: Download the “How To Sell Financial Services in 2012/2013 Report” (sent via email.)


Eliminate CHAOS in your Financial Advisory Business with a Prescripted Plan.
Register for an educational strategy session (sorry, must watch video first)

P.S.
“Right-side” marketing is amazing. Register now.