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Financial Institutions and Social Media New Initiatives Based on Relationship Marketing

Financial Institutions and Social Media Marketing

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Financial Institutions have a hard time to engage with their audience on social platforms due to restrictive compliance processes. Does this mean they can\’t communicate on Facebook & Co. at all? Best practice talk about the many compliance-free opportunities for banks to engage with their customers, given at an ICS Risk Advisor seminar with 20 bank clients in Jan. 2012.

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Page 1: Financial Institutions and Social Media Marketing

Financial Institutions and Social MediaNew Initiatives Based on Relationship Marketing

Page 2: Financial Institutions and Social Media Marketing

Relationship Marketing is About People, not Technology

“New marketing is about relationships, not about the medium.”Ben Grossman

Page 3: Financial Institutions and Social Media Marketing

You Have to Nurture Long-Term Customer Relationships

• Social Media shifted the traditional view of marketing from a sales driven approach to a people driven approach

• Relationship Marketing focuses on customer engagement and community building

• All marketing should support the building of the highest value on social networks: trust

Page 4: Financial Institutions and Social Media Marketing

Embrace the New Skills - Empathy and Compassion

I’ve learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel.

Maya Angelou

Page 5: Financial Institutions and Social Media Marketing

People Are the Starting Point in Successful Social Media Marketing

People

Objective

Strategy

Technology

Source: Forrester Research

Christian Wagner
Page 6: Financial Institutions and Social Media Marketing

What Does this New Marketing Perspective mean?

• We see a major shift in today’s marketing world which gives the power back to consumers

• The way we will do business in 2015 is exactly the same way business owners did business in 1930 – personal, authentic and community-based

• Adapting this change and including new platforms and technology to reach your target audience is key to success

Page 7: Financial Institutions and Social Media Marketing

Best Practices

Page 8: Financial Institutions and Social Media Marketing

Don’t Just Talk About Banking!

Page 9: Financial Institutions and Social Media Marketing

Don’t Just Talk About Banking!

Page 10: Financial Institutions and Social Media Marketing

Don’t Just Talk About Banking!

Page 11: Financial Institutions and Social Media Marketing

Show Your Community Engagement

Page 12: Financial Institutions and Social Media Marketing

Show Your Community Engagement

Page 13: Financial Institutions and Social Media Marketing

Show Your Community Engagement

Page 14: Financial Institutions and Social Media Marketing

Have a Good Content Mix

Source: Citi Bank

Page 15: Financial Institutions and Social Media Marketing

Have a Good Content Mix

Page 16: Financial Institutions and Social Media Marketing

Use Visual Guidance Elements in Your Content Mix

Page 17: Financial Institutions and Social Media Marketing

Make Information More Interesting and Include Strong Calls-To-Action

Source: Bank of America

Page 18: Financial Institutions and Social Media Marketing

Host Contests to Build Your Community

Page 19: Financial Institutions and Social Media Marketing

Host Contests to Build Your Community

Page 20: Financial Institutions and Social Media Marketing

Host Contests to Build Your Community

Source: HSBC Student Facebook Fan Page

Page 21: Financial Institutions and Social Media Marketing

Make Your Offers Stand Out in the Daily Content Flood

Page 22: Financial Institutions and Social Media Marketing

Post Something Different

Page 23: Financial Institutions and Social Media Marketing

Be Playful and Provide Useful Information

Page 24: Financial Institutions and Social Media Marketing

Use Social Media for Customer Happiness

Page 25: Financial Institutions and Social Media Marketing

Use Social Media for Customer Happiness

Page 26: Financial Institutions and Social Media Marketing

Start Your Relationship Marketing Now…

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Page 27: Financial Institutions and Social Media Marketing

Thank You for Jumping With Us

Miriam Christof

Cell: 781.366.5549

[email protected]

Skype: miriam.christof