Are you a Financial Service provider trying to gain more traffic to your website? It’s a problem many businesses in the financial sector have. There are many different ways to cultivate engagement that can help lead to more traffic, and ultimately, conversions. Today, we will be discussing how a weekly (or monthly) newsletter can increase traffic to your website and what you need to do to nurture those readers into clients. The #1 most important thing that you have to consider when developing and sending out a eNewsletter is:
Why you might ask? Well, at the heart of a newsletter should lie value for the reader. Nobody wants to get sent an email chock full of promotional materials pressuring them to make a decision. If they get an email like that, chances are their decision will be to unsubscribe from future updates. There goes your future interactions with that prospect. They also don’t want an email full of information that they already know, or can find elsewhere with a simple google search.
Value in a newsletter can be provided in a number of ways:
Exclusive content is by far the most important aspect in driving value to your newsletter.
Unique and exclusive content is a method of providing value to your subscribers. By writing a quality article or blog post, specifically for those subscribed to the newsletter, you can drive significant amounts of traffic to your website. People love unique and fresh content, and the feeling of exclusivity is the cherry-on-top of the content cake.
The average buyer consumes 3-5 pieces of content before they even talk to a sales rep. By offering them a juicy, exclusive article (hosted on your website, of course), you will drive traffic to your website, build trust, and potentially become a thought leader in that consumer’s mind.
Exclusivity is how top fashion brands, car companies, and luxury goods manufacturers help promote their businesses. What is stopping the Financial Services industry from using it as part of a content marketing and email strategy?
Special Offers, Discounts and Consultations
Special offers, discounts and consultations can be offered either in the newsletter itself or as a selling point for signing up for the newsletter. Offering exclusive offers will make the reader more likely to engage with your business, perhaps even motivating them to spend more time on your website.
70% of email readers open emails from a brand or company in search of a deal, discount, or special offer. As an Advisor, you could offer free consultations to motivate people to contact you. The reader will think “well it’s free, I might as well hear what they can do for me”. This gives you a fantastic opportunity to meet the prospect, humanize your brand and prove to that prospective client that you are the right person to manage their money.
While many people are looking for special offers, it is important not to inundate your subscribers with promotions. If you do, the value will diminish with every offer. Discounts or freebies should be provided with valuable and unique educational material to help the reader better decide how to use that discount or to show them that your free consultation will be worth their time.
Events and Giveaways
This one is somewhat related to “Discounts or Special Offers”. It goes back to the fact that people like a deal (or in this case, free stuff). Again, it should not be used in every newsletter, but more as a promotion to generate sign-ups or reward loyalty. You can give something small away to everyone who signs up, promote exclusive events (barbecues, picnics, etc,), that get people thinking about you and your business, and potentially gets you face time with these prospective clients (even if it happens to be over hot dogs).
You could give away an iPod, a drone, or another “big ticket” item in a draw that all members subscribed to your newsletter can win. This will encourage people to stay subscribed and check every newsletter to find out who the winner is.
In addition to these three methods, value in a newsletter should be provided by using the right mix of educational and promotional material. About 90% of the content in a newsletter should be educational to the readers. The other 10% can be promotional material. If the right balance isn’t struck, your newsletter will be nothing more than a glorified advertisement, which is not something that will attract clients in the Financial Services industry.
By educating your readers, and providing value in other ways, you will drive more traffic to your website. B2C companies that blogged 11+ times per month got more than 4X as many leads than those that blog only 4-5 times per month. (HubSpot, 2015). Why not repurpose these blogs in your newsletter to extend their reach and get the most mileage out of your content? A newsletter can help you increase the reach of those posts to readers which will result in an increase in traffic. Remember, provide value above all else!
Best of luck with your content creation this week! If you want more information on starting a newsletter, check out our articles “Newsletters: The Forgotten Hero of Content Marketing” and “Do Advisors Really Need Email Marketing?”. Feel free to reach out if you have any questions. @VeridayHQ.