Financial marketing is evolving rapidly. Borrowers are seeking credit, but only a small percentage of loan applications receive approval from traditional lenders. This creates significant opportunities for financial institutions in some of the fastest-growing economies worldwide.
When you launch a financial institution, you may initially depend on word-of-mouth marketing or online aggregators for leads. However, a large portion of potential borrowers may still be out of reach. Marketing plays a crucial role in the growth of financial institutions. Financial marketing involves promoting the services and products of financial organizations to both potential and existing clients.
While there is no standardized process for financial marketing, the increasing importance of these institutions is evident, especially with the evolution of technology and advancements in artificial intelligence. Various strategies can be employed to market financial products and services, ensuring that these institutions can reach a wider audience and expand their customer base.
The following are the benefits of media and marketing
Through successful marketing strategies, the sales would improve for the media. Increased sales means higher margin of profits for the company. However, increased sales for the media would also be an improvement of customer satisfaction.
More marketing means added reputation to the matjel Company. Through successful marketing strategies the company would also ensure progress in the right path.
Influence in the market would be the high reputation gained in the market. Influence can also affect the collaboration of the matjel with other companies.
The following are the types of matjel marketing
Customer based marketing would be active type of marketing strategy which is utilised in matjel marketing. In direct marketing customers and consumers would be involved in different strategies which are adopted by the matjel.
Digital based marketing would include marketing over digital media, electronic media and other mediums of marketing. Customers who have access to smart phones and other digital products would have access to this.
Search Based marketing would utilise Search Engine Optimization or other forms of digital marketing methods in order to increase the traffic for your particular website. This form of marketing would be indirect marketing. However, the use of SEO would be useful in increasing the amount of organic traffic for your matjel.
This would be in the form of newspaper, print media, online advertising channels such as you tube and television broadcasts.
This form of advertising would include advertising through fintech collaborators. For example, a consumer would utilise the services of a particular fintech. After using the services of the fintech, an ad on or related ad would come to the customer’s screen. Through this, information would be passed to the consumer.
It is important to research your demographics before planning and execution of any marketing campaign. Demographics and other market based research would include different types of plans and potentials in order to increase the customer base of the particular matjel.
First and foremost, it is crucial and important for you to be aware and understand the business model followed by your matjel. An matjel is created to carry out different types of activities. The business model of the matjel would be crucial to identify customers. Apart from this, you would be able to also learn from your competitors. The strategies adopted by your competitors would be useful in devising the matjel marketing plan.
In the marketing plan the crucial step would be to study the consumers present in the market. The penetration levels of financial products introduced in the market should be analysed first. Consumer surveys should be researched and analysed. Based on this the matjel marketing should be carried out. Individual consumer profiles should be studied in depth to find out the correct strategy.
When a conclusive research is completed, it would be important to devise the strategy for behavioural analysis of the customer. From this analysis the reaction of several group of customers can be gauged. Financial inclusion is one of the aspects related to understanding consumers. For example- a fintech application which is frequently used by consumers can have a survey or some feed back to understand consumer experience. Different types of pointers can be understood through this process. Thoughtful insights can be gained by the marketers considering the above.
Over the time using data and algorithms based on your business model would be helpful in understanding the key prospects which would be helpful for your matjel business.
After Data gathering process is complete, the second step is to create a marketing plan based on your budget forecasts. This marketing Plan will contain funnels suggested with a breakdown of Cost per acquisition (CPA), Average Burn and Churn rate and the breakeven analysis. Depending upon the business model we shall also create a digital marketing strategy, including but not limited to
Our team of marketers uses white hat techniques, to rank you in major search engines for the industry standard search terms. This increases your Organic presence and number of organic leads.
Social media pages are a great way to engage with potential clients and listen to customer feedback. Our team will create social media pages and engage with your target audience.
The fastest way to go to the market. Our team will create intuitive campaigns to acquire customer form search and display advertising.
Remarketing helps in reaching to the customers who visited your matjel website but didn't convert into a lead; this cost effective strategy helps to improve Marketing return on investment.
Our Marketing Team will create compelling content to increase your organic traffic and leads.
Our Team will work with influencers to build brand awareness and brand evangelism.
Our Marketing Team, based on business model creates a bulletproof PR and Marketing Strategy. That helps you grow the brand value of your NBFC and generates an additional stream of customers for just a fraction of the cost you will pay elsewhere. From public relations to Television Advertisements, we can handle all.
Our public relations strategy includes getting you features and advertisements in Newspapers of target demographics. This increases brand presence and number of inbound leads.
Our public relations strategy includes getting features in Radio and Television for broad coverage when you plan to scale your lending operations.
Our public relations strategy includes getting features in Billboards, Airlines, etc. for broad coverage when you plan to scale your lending operations.
Our Marketing team will create and manage advertisement across your chosen verticals and continue increasing your brand value and business size.
Red Herring Top 100 enlists outstanding entrepreneurs and promising companies globally. Each year, it selects award winners from approximately 2000 privately financed companies worldwide. Since 1996, Red Herring has tracked these rising stars. Red Herring editors were among the first to recognize companies such as Google, Facebook, Kakao, Alibaba, Twitter, Rakuten, Salesforce.com, Xiaomi, and YouTube, who would go on to transform the way we live and work.
Researchers have found that organizations using new technologies in their accounting and tax processes show better productivity compared to those using traditional methods. In line with the latest technological trends in the accounting industry, Enterslice was formed to focus on emerging startup companies and bring innovation to traditional Chartered Accountants & Legal profession services, disrupting the conventional Chartered Accountant practices and legal mechanisms.
Stay updated with all the latest legal updates. Just enter your email address and subscribe for free!