Winning the attention and loyalty of today’s disengaged banking consumers is no simple task. While most financial institutions continue to rely on old marketing strategies to grow, there are lessons we can learn from the sports marketing industry, where even gym sneakers and soda pop have been transformed into high-priced symbols of brand loyalty.
Do you confuse “brand building” with “bank building?” Slick logos and pretty fonts aren’t enough to build a powerful brand.
Let’s be honest about the dark art of “branding” in the financial industry: it’s usually a big waste of time.
Now I can hear graphic designers, ad agencies and marketing directors screaming about that comment.
But it’s the truth — at least the way most financial institutions approach branding.
Typical branding campaigns focus on the graphic identity — logos, fonts, design and colors. Sometimes it’s a labored, lengthy pursuit of the just-right image, the perfect Pantone shade and just the ideal brand typeface. Other times, it’s a tweak here, a refresh there… and viola! You’ve got yourself an exciting “new brand” for the bank.
DigitalMailer took a look at twelve months worth of raw data from banks and credit unions using our email marketing engine. Here are the big trends the data revealed.,
The Financial Brand’s contributor-at-large, Mark Arnold, asked marketing experts from across the bank and credit union industry what they think the ROI of branding is and how it can be calculated? Here’s what nine of them had to say.
Associated Bank looks to boost its brand awareness with marketing centered around green chairs, customer testimonials, a celebrity endorsement from QB Aaron Rodgers, and a new tagline.
When the marketing team at Associated Bank began started exploring new ways they could bolster the organization’s brand awareness in the marketplace, it’s unlikely any of them realized they would wind up pinning their hopes to a green chair.
These days, we all wear a multitude of hats in our daily jobs. And with technology and the industry changing around us at record speed, it’s easy to overlook a thing or two. But at the end of the day, it’s results that count. So here are six common mistakes that can mean the difference between advertising that performs, and advertising that simply chews up your Budget.
Here are six reasons banking ads don’t work, and how you can avoid them.
On holidays like Thanksgiving, Fourth of July, Memorial Day and Labor Day traditional retailers have door-busters, sidewalk sales and clearance events. And what do banks and credit unions normally do on these days? Close their doors.