Top 4 Fintech Marketing Obstacles
Itâs day one of your new fintech marketing job. Youâve been handed the keys to the castle, told to âpress play,â and go.
Your first task: Figure out whatâs working, and whatâs not.
But where do you even start⊠Website? CRM? Social media? Content? Bring your new colleagues coffee and donuts to ply marketing ideas from them? (Not the worst idea, actually.)
If youâre ready to overcome the most common obstacles to a successful marketing program, and hit the ground running, keep reading.
Here are 4 marketing obstacles businesses face, regardless of fintech startup or financial household name:
1. No clear, organized marketing process
Marketing, and especially content marketing, is only effective when thereâs a clear vision and actionable tasks that are executed consistently. A process.
Each member of the growth marketing team can help document, automate, and implement such systems. This may include steps for topic ideation, writing, and delivery/distribution, or even copywriting, compliance review, design, revisions, and publication.
Most importantly, such systems must be as automated and as consistent as possible, with all team members sticking to a regular schedule and plan.
2. Following the âlatestâ marketing fad
Remember when X was Twitter? And Pinterest was new and shiny? And Snapchat. And Instagram. And TikTok. Itâs never going to end.
Pick a software or platform to master, test its results, and carefully evaluate the overall benefit to the team before giving it your full attention.
3. Not enough hands to carry out goals⊠or are there?
Letâs face it, good help is hard to find. However, once you clarify goals and itemize tasks, itâs exponentially easier to divide and conquer all the moving parts.
This goes for all tasks from ideation to creation to reviewing, proofreading to executing feedback.
Instead of everyone pitching in to work on the same thing as a group, perhaps it makes more sense to assign people very specific roles in the overall process on repeat (or alternating roles for cross-training purposes).
4. Lack of clarity over efforts and results
It can be difficult to figure out how many baskets there are, let alone how many eggs you should dedicate to each.
In other words, whereâs the best place to focus resources for the highest ROI? How often should they be used?
Fintech Marketing Health Assessment
You can perform the following actions on a first-time or ongoing basis. The information you get from these simple steps will not only help you course-correct, but also prioritize the needed steps and personnel to achieve your marketing objectives.
Step 1: Website Analysis
Evaluate website analytics to understand traffic sources, user behavior, conversion rates, and organic SEO performance or lack thereof.
Step 2: CRM Data Review
Review reporting from the Customer Relationship Management (CRM) system to analyze sales data, customer interactions, and lead conversion rates.
Step 3: Social Media Engagement
Examine the social media platforms you use for engagement rates, follower growth, and content performance to gauge brand awareness and audience interest.
Step 4: Content Effectiveness
Review the existing content marketing efforts to determine which types of content (blogs, videos, infographics, etc.) generate the most interest and engagement.
ËËË
Let that percolate in your noggin until our next Insights post. For more on Vested’s digital marketing capabilities, click here.
