Experienced SMM experts create content that arrests people’s attention and help their business organization’s boost sales and concomitant revenue.
The question however is often asked – how exactly can a financial institution make money on a social media content strategy?
Clients visit websites of banks either for online banking, or to ferret out some information — such as a banking product, or rate of interest, or loan schemes or branch location.
It is reported that online banking is the reason for about 90% of the traffic, products and other services is about 8%, with the remaining 2% accounting for miscellaneous purposes.
Interestingly, there could be a third reason — a blog. But most financial institutions/banks are not quite aware of this area of content marketing. Most banks and financial institutions evaluate their marketing efforts in a very traditional way – like pay per click (PPC) or lead generation.
Many banking professionals like to look at marketing ROI through an elementary method. A majority of banks likes measuring ROI in this manner because it presents immediate and clear results.
Although content marketing is a new concept in the realm of financial marketing, they are still based on the same principles of traditional marketing. You have to generate the highest conversion rates possible. The ultimate aim is still — as it has always been — to be able to measure ROI.
Unfortunately, calculating the ROI of content marketing initiatives is difficult. As ROI is not easy to measure, it often triggers confusion and a hasty decision to dispense with all content marketing strategies.
The ultimate purpose of driving a powerful content marketing strategy is to create new business opportunities. The real problem is banking executives attempt to calculate the ROI of their content marketing strategy too early and feels frustrated.
Bank customers obviously do not care about your returns. They want to waste their time by going through incomprehensible figures. Simply stated, they want interesting and informative content.
SMM is built on two fundamental principles – share-ability and engagement. Your content has to engage your audience and your whole content should be shareable. SMM experts create posts, images and videos—anything that can arrest and sustain their audience’s attention and obtain loads of shares.
You can know that cross-content selling from online banking can be a rewarding exercise. Spend your time and money on active social media participation and construct the right profiles on social media channels. A well-conceived content marketing strategy helps increase the conversion rates. Remember to use your blog as a sales conduit.