Bank Marketing: How to Use Content Marketing on a Budget
Content marketing offers financial institutions a cost-effective way to connect with their audience, but how can you make the most of it on a limited budget? Here are some tips to enhance your content marketing strategy without breaking the bank.
Create Compelling, Targeted Content
Quality over quantity is the golden rule for content marketing on a budget.
What makes content compelling? Let’s start with these 3 basic guidelines:
- Pictures are better than words alone
- Video is better than pictures alone
- Color is better than black and white
Next, choose compelling topics. Focus on creating content that addresses the specific needs and pain points of your target audience. This targeted approach ensures that your content resonates with potential customers, increasing engagement and conversion rates.
It also positions your financial institution as a trusted advisor about all things financial. That’s a good place to be!
Leverage User-Generated Content
Many marketing execs fear user generated content because the first thing that comes to mind are trolls or negative user comments on posts. Those can be challenging.
But user-generated content (UGC) is a powerful asset for financial institutions, since trust is so important. What’s better than having your customers saying nice things about you?
It’s a matter of helping THOSE customer voice to be heard.
Your loan officers and tellers likely know depositors with good experiences to share. Make it easy for them to encourage your satisfied customers to share their experiences through reviews, testimonials, or social media posts.
By the way, UGC not only builds trust but also reduces the content creation workload and costs.
Efficient Content Distribution
Promoting your content doesn’t have to be expensive. Optimize your distribution by sharing content through email newsletters, social media, and partnerships with industry influencers. These channels can help you reach a broader audience without significant ad spend.
Bonus tip: Don’t just think text and still images. Video raises all of these channels tot he next level!