Newsletters are one of the most cost-effective mediums for building relationships and maintaining contact with your customers and prospects. Despite being one of the most effective marketing tools available, this digital channel is often overlooked by digital marketers.
As a Financial Advisor, Newsletters are a great way to boost your content reach, grow your contact list, and help in building trust with clients and prospects. As newsletters are now an opt-in form of digital marketing, they are the perfect medium for pushing out content to your target audience without being disruptive.
The Content Marketing Institute found that 78% of respondents included newsletters in their content marketing strategy. With newsletters being the primary use of email marketing (Capterra), taking advantage of this marketing tool can lead your business to further success.
So, why newsletters? As a powerful marketing tool, newsletters can:
- Increase your web traffic
- Increase your repeat visitors
- Allows you to track who’s receiving, opening, and visiting your website
- Educates your target audience
- Nurtures your leads
- Builds trust with your clients and prospects
Just like anything in digital marketing, newsletters are not a one-size-fits-all approach. There are 3 different types of eNewsletters that marketers typically use, each with a different purpose.
They are designed to keep customers and prospects up-to-date with organization updates. They summarize company announcements, press releases, new products, etc. This type of newsletter is typically sent on a monthly or quarterly basis.
Lead nurturing eNewsletters
The goal of this type of eNewsletter is to engage, inform, and stay top of mind for clients and prospects. The content you share with your audience can lead them through the awareness, consideration, and decision phases by providing them with useful content, familiarizing them with your business and, eventually, driving them to take action and become a client. Content within the eNewsletter can include educational materials such as blogs, sales information, and marketing offers. Depending on where your audience may be along the sales funnel, having a call-to-action may push those at the decision making phase to commit and become your client.
The goal of this type of eNewsletter is to engage and influence prospects with every interaction they have with you. The content you share with your audience can lead them through the awareness, consideration and decision phases by familiarizing them with your business and, eventually, driving them to take action and become a client.
Curated eNewsletters aim to build awareness of a topic, while also allowing your organization to provide their perspective on it. This type of eNewsletter is a mixture of syndicated (third party) and original content. It displays that you have a grasp of what your audience is looking for by surfacing the best content out there into a one stop shop. This is also a great approach for Advisors with a limited amount of content.
Lead nurturing and curated newsletters tend to have higher open rates, and are generally sent on a weekly basis, at the same day and time (ex. 2:30 pm every Tuesday).
An effective eNewsletter is non-intrusive, provides value to the reader, and makes them feel like they are being educated rather than sold. eNewsletters don’t require you to create new content as they’re a great way to repurpose your old content. As a Financial Advisor, you should take advantage of this effective means for building and maintaining relationships with clients and prospects. eNewsletters will not only extend the reach of your content, but can also do wonders for your business.