A fact that will be persistent is that Content is the king! From words to images to videos, everything we speak, read, write or hear, is content. Therefore, creating, publishing and distributing content for the digital target audience is the marketing strategy that financial marketers should incorporate into their marketing plans.
Content marketing is not about promoting your brand. It involves creating awareness amongst your target audience and stimulating their interest towards your products and services. The purpose of content marketing is the sole reason why financial marketers should practice it and use it immensely to market to their target audience.
The fact that financial products and services, though widely used by the consumers, still need explanation every time a consumer wants to avail them. This is where content marketing plays a crucial role in building awareness amongst the target audience by creating content that is informative and provides value to the buyer during their buying journey. Financial marketers must practice content marketing to reach out to their target audience by solving their queries through content pieces like blogs, ebooks, videos, etc., and increasing its readability through social media posts.
Content marketing is a marketing strategy that focuses not only on content creation but also on amplifying its reach to the target audience. Given below are reasons why it is an essential marketing technique for every financial marketer.
1. Customer-Centric Marketing
The past times have seen marketers create content around their products and services. However, with this trend continuing, financial marketers will no longer be able to gauge the attention of the consumers. In today’s time, where the customer is the centre of all business activities like product development and design, financial marketers must realise that their marketing activities should also be customer-centric. The aim is to create marketing that can educate the customers and add value to every stage of their buying journey. Content marketing is the key to creating and publishing content that can deliver value to customers.
2. Building Trust
This comes as a result of the previous benefit of content marketing. Needless to say, when financial marketers create informative content to add value to the customer’s buying journey, they enjoy their customers’ patronage. Moreover, when customers feel that they are cared for, and their needs are attended, they build trust in their financial institution and can also look forward to future purchases from the same. Happy and satisfied customers, when appropriately nurtured with valuable content, may move on to become brand promoters and as they say, nothing is better than customers telling your success story!
3. Educating and Creating Awareness
It is imperative for financial marketers to include content that educates the consumers and builds awareness amongst them. Content should be created to generate awareness amongst the masses about the products and services offered by banks, financial institutions and insurance companies. The foresighted market players know that consumers who are well aware will prefer a brand that emphasises on educating its customers.
4. The Rise of Multimedia Content
Content is no more just a string of words attached to provide information. The scope of content has risen to much more than that. Images and videos are the new content. As financial marketers, you must already be aware of the fact. However, it is essential that you put this to execution and create more content in the form of videos, images, infographics and other such content pieces that are visually more appealing. It is vital for financial marketers to create content of all kinds to cater to the needs and preferences of their prospects and existing customers. Creating videos to spread awareness is something great to start with!
5. Stand Out from Competition
Content marketing is the strategy for the marketers of tomorrow. If you wish to stand out and gain an edge over the competition, practising effective content marketing and utilising it to its full potential is the key to success to win the hearts of your potential and present customers. This will naturally come as a combined result of all the benefits mentioned above.
Financial marketers must be using content marketing already, but still, there is a need for them to utilise it to its full potential, owing to its cost-effective yet high yielding benefit. Many marketers do not know that content marketing is a marketing technique that’ll generate a higher ROI and reduce the costs involved. Give a strategic direction and formulation to your content marketing plan, and you will see the results in no time.