Blog

Marketing to Millennials: Steering a Generation’s Financial Future

Posted by David Acevedo on Jul 12, 2017 1:55:24 PM

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A shift in wealth is happening. 75% of the global workforce will be Millennials by 2025. They will have 3.39 trillion in spending power by 2018 according to the Federal Reserve. Marketing to Millennials is no longer a trend. It’s a must.

However, many financial institutions don’t fully understand what is at stake when you apply the same messaging and tone that you’re currently applying to Gen X and Baby Boomers to Millennials. Millennials are a distinct audience and they require customized, targeted marketing tactics and customer service.

At The Financial Brand Forum 2017 conference, Oregon Community Credit Union’s Deborah Mersino  shared how her organization has combined research, digital channels, a unique brand tone and imagery into an overall strategy that spiked Millennial growth by 11%. It all started with building a marketing campaign specifically targeted at that demographic.

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Topics: Sales & Marketing, In the News

Building a Culture of Innovation

Posted by Rebecca Key on Jun 27, 2017 2:49:00 PM

Eric Ryan

According to Eric Ryan, Co-Founder of Method, brand marketing starts with people and then extends to products. No matter your industry, if you can get authentic culture and great products right, marketing becomes much easier.

After years of experience working in advertising and marketing, where he saw the influence of culture over brand marketing, Ryan wanted to take his understanding of consumer motivations and apply it to a tired, unsexy category: cleaning products. “Cleaning products” represent an enormous category yet it’s a sea of sameness, making it ripe for disruption (much like the financial industry). Ryan saw an opportunity to apply his marketing expertise to create a new product that could go up against incumbents like Proctor & Gamble and Tide. That’s how Method was born.

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Topics: Sales & Marketing, In the News

4 Ways to Transform Your Financial Marketing Strategy

Posted by Elyse Richmann on Jun 13, 2017 4:44:23 PM

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As consumers learn to expect on-demand, personalized service in every interaction, marketing teams at financial institutions cannot assume they are exempt. Consumers expect their financial institution to provide the right information at the right time throughout their purchase journey. Improving your marketing communication is essential to increasing your marketing effectiveness, building customer trust and, ultimately, growing your business. Here are the top tactics for transforming the way your financial institution approaches marketing.

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Topics: Sales & Marketing, Customer Experience

4 Human Behavior Hacks That Increase Engagement and Response

Posted by Rebecca Key on Jun 9, 2017 1:27:03 PM

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In today’s crowded competitive landscape, your customers are being bombarded with marketing messages every day. To stand out, you need more than a targeted list with a compelling offer. You need to tap into the decision-making shortcuts people use when they engage with your organizations.

Nancy Harhut, Chief Creative Officer at The Wilde Agency, is passionate about the impact that decision science can have on marketing. At The Financial Brand Forum 2017, Harhut gave a brilliant presentation about behavior hacks that can increase engagement and response to financial institution’s email and digital marketing efforts. Here are some of the top takeaways:

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Topics: Sales & Marketing, Customer Experience

7 Essential Components to an Effective Onboarding Program

Posted by Elyse Richmann on Apr 26, 2017 3:03:00 PM

7 components of onboarding

The onboarding experience provides the first impression of a financial institution’s level of service — an impression that will persist throughout the entire customer’s lifecycle and set the stage for future growth. That is why an effective onboarding program is essential to retaining and growing relationships with your customers. In case you missed our most recent webinar, "The Art of Onboarding New Banking Customers" [watch now], here are the 7 essential components of an onboarding program:

1. Define Onboarding Scope

The first step to building a successful onboarding program is developing an onboarding and cross-selling communications framework that can achieve your institution’s growth goals. Establish goals for your onboarding program and ask key questions such as: How will you reach the customer? Who is your target customer group? These answers are essential for gaining a clear understanding of the scope of your onboarding program.

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Topics: Sales & Marketing, CRM