Inbound marketing focuses on attracting customers through relevant and helpful content. By optimising its distribution across a wide range of channels and customer touchpoints, potential customers find you through channels like blogs, search engines, and social media.
Unlike outbound marketing, inbound marketing does not need to fight for potential customers attention. By creating content designed to address the specific problems and needs of your ideal customers, you attract qualified prospects and become a trusted expert in their regard.
Technology has changed the way users search for information. Thanks to smartphones, tablets and computers, tech-savvy buyers are using their digital skills to complete the first part of their purchasing journey totally unaided. This has empowered buyers to block out and ignore traditional outbound tactics which are interruptive and intrusive.
To regain control of the buying process, businesses must provide high level insights on a regular basis. Answering your buyers’ questions in a way that favours their preferred online habits ensures prospects are nurtured with timely, relevant and valuable information. This is essential for moving buyers along in the customer journey. Over time, you will earn the trust of your buyer and become an expert in their regard.
Customer experience is one of the most important success factors to any FinTech business. That’s why it’s essential to focus on what information your ideal buyer is seeking before you can start attracting them with valuable and relevant content.
To identify your FinTech audience, you need to:Know your customer Who are you attracting? Understand what channels your customers use Do they live on Facebook or Twitter? Identify your competitors Which companies do you most want to resemble? Benchmark your competition? How can you capitalise on the weaknesses of your competitors?
Rather than trying to reach everyone in the market, appeal to your niche and the value of your product/service will become much clearer to those who need it. The way to do this is by creating 2-3 buyer personas.
These are generalised fictional representations of your ideal buyer. Creating a profile of the customer you are trying to attract will help you align the value of your product/service with the unique challenges and problems your ideal buyer is trying to overcome.Who are they?
Once you understand the ways in which you can help your buyers solve an issue or achieve a goal, you can effectively start attracting your audience with valuable content that answers their questions.
When buyers seek a technological solution they turn to Google. That’s why it’s critical to be ranking well for the words that your ideal buyers are searching for.
Ahrefs allows you to carry out an analysis of the keywords that your competitors are using, and why they are ranking higher than you. It also enables you to improve visibility and ranking on search engines by analysing backlinks for keywords.
Crafting keyword rich content that speaks to the common questions that your buyer personas have when they encounter a marketing trigger ensures you are attracting the right kind of traffic, at the right time, to your website.
As search algorithms have evolved, searchers have too. Users are entering longer, more conversational search queries. This is especially true if they are using voice search, which makes up 20% of queries on Google mobile apps.
To provide users with the answers they are seeking, you need to have the type of cohesive site architecture Google craves. Topic clusters use one broad keyword as a hub for specific topics. This model connects web pages and blog posts to other URLs, as well as the primary keyword via hyperlinks, which signal to Google that there’s a semantic relationship between the content. This allows you to rank higher in search engines.
A pillar page is a comprehensive resource page that covers a core topic in depth and links to high-quality content created for the supporting subtopics. By creating content around core topics that are highly relevant to your customers' challenges and goals your content drives more organic traffic and keeps audiences on your site for longer.
To convert prospects you need to show them that you’ve got something valuable to offer. A well executed call-to-action makes it clear which action to take next and helps remove friction in moving the user down the sales funnel.
It’s important to make sure that CTA’s always navigate the user to a page that will convert them (such as a landing page/opt-in form). That way, sales can nurture leads that have expressed an interest in your company.
Once sales and marketing have agreed on a lead scoring strategy, leads can be met with more timely and relevant communications in accordance with where they are in the buyer's journey. Marketing can nurture leads that are not ready to buy with valuable content, whilst sales kicks of relevant conversations with warm leads further down the sales funnel.
A good inbound marketing strategy should take a holistic approach using multiple channels and personalised workflows to generate leads and nurture sales.
It’s important not to get bogged down in individual tactics and instead concentrate on strategy. Each tactic you deploy should take you in the direction of your ultimate business objectives.
Inbound marketing costs almost 2/3 less than traditional outbound marketing in order to get the same results. Whilst it may take longer to see those results, it’s important to remember that inbound marketing is a long-term growth tool.
Inbound marketing is also highly accumulative, meaning the money you spend creating valuable content today will continue to attract your ideal buyers and spark conversations so long as the content remains relevant. Compounding blog posts make up 10% of all blog posts and generate 38% of overall traffic.
A good rule of them is to designate roughly 10% of your revenue to your FinTech marketing budget. If your company is more established, then you can designate a bit less. If your company is on the newer side, then you can designate a bit more.
A major challenge for FinTech companies is the ability to scale properly. Executing a long term growth strategy that maximizes revenue while keeping costs as low as possible is the dream ticket for any FinTech start-up relying on crowdfunding or angel investors to grow their business.
Cost per lead calculates how much money (and effort) it takes to get a new lead into your CRM.
Cost Per Lead (CPL) = Marketing Spend / Total New Leads
Rather than getting your product in front of as many people as possible, the best thing you can do is make yourself available to people who have a problem you can solve, and then help them solve it. This results in a more targeted and effective marketing strategy and therefore a lower cost per lead.
Return of investment (ROI) is one of the most important things to pay attention to as a marketer, it’s also one of the greatest challenges.
For FinTech startups, calculating ROI is an essential part of showing potential investors that you have a plan in place to generate revenue. Those that can prove ROI are 1.6 times more likely to receive higher budgets.
To have relevant, authentic two-way conversations with customers, marketing and sales must be on the same page. Aligning sales and marketing with common goals and clear communications tactics means the two departments can work hand in hand, feeding insight back and forth to refine and tailor the way leads are dealt with through every stage of the customer journey.
Lead scoring - Agree when a leads is “sales-ready”. This helps determine whether prospects need to be fast-tracked to sales or developed with lead-nurturing.
Lead generation metrics - MQL, SQL, Opportunities - Outline what, specifically, qualifies a lead as an MQL SQL or Opportunity. Mutual understanding between the two departments avoids marketing handing off unqualified leads.
Service Level Agreements (SLAs) - Outline service level agreements for each phase of the revenue cycle and agree on necessary steps to move buyers further down the funnel. As these systems become automated, everyone performs at a higher level.
HubSpot’s inbound marketing software helps you align your sales and marketing teams with shared goals and metrics that can be tracked and measured in an integrated fashion. This leads to better holistic decisions about each account and allows you to make tactical decisions based on your strategy which can lead to revenue growth – the ultimate proof of ROI.
Click here to use our free ROI calculator to see how you could get more revenue by improving your conversions!
Here are key metrics you can use to prove to your Marketing ROI:
As you pump out valuable and relevant content you will attract more traffic to your website. Showing an increase in the number of visitors who find their way to your site via organic search will help you determine the reach of your content.
The overall quality of those leads then have to measured. This will reveal the impact each tactic is having on your strategy based on the number and quality of leads you’ve converted. Tracking this will allow you to do more of what’s working and less of what’s not.
By using something like lead scoring, whereby contacts get assigned different point values for accomplishing specific tasks or having certain qualities, you can keep an eye on the overall “score” of all your leads as a whole.
Closed-loop reporting, or the ability to attribute each customer to a specific lead source or path through your content, is a great way to draw a direct connection between your inbound marketing activities, closed customers, and your company’s revenue
Reports of all customers closed by the referral page that led to a conversion, as well as attribution reports, should be your go-to for this data.
Keeping track of what content your existing customers have accessed prior to and at the time of upsell provides insight into the influence that content is having on their sales experience.
Using social media monitoring tools tuned into your existing customers’ mentions of your product or service allow you to track customer referrals, which is the most effective and cost efficient form of marketing.
Search engine optimisation is pivotal to an effective inbound marketing strategy. It means your content gets found by and attracts the right people. 61% of Hubspot users put SEO and growing organic traffic to their site as one of their top marketing priorities.
There are two types of SEO you need to consider in your inbound marketing strategy.
Onsite SEO is the process of making your website search engine friendly.
Using specific phrases that match what your ideal buyers are searching for ensures your content reaches your niche. This helps you rank better in search engines and avoids you competing with vague generic search terms that are harder to rank for.
Search engines can’t identify an image’s content. It is the text with an image that helps them rate how relevant a page is. Adding descriptions, alt tags, and titles increases the chances of getting found in search listings. Ensure they include your primary keyword and are relevant to the image.
Backlinks: For a search engine, backlinks are an endorsement of a website. A guest blog on another site that links back to yours will drive traffic to your website.
SSL Certificates: An SSL certificate changes your website’s “http://” to “https://”. This makes it more trustworthy and protected.
Offsite SEO is the promotion of your website and content to external websites.Link building and Authority Development:
When a searcher is entering a query, search engines have to determine who and what content to display, and in what order. Linking out to authoritative content that is relevant to your field will boost your domain authority and help your content rank higher.
Seek new, relevant thought leaders in your field and offer to collaborate. If they promote your content, you’ll leverage their authority and trust.
Your content should not live in a silo on your site. When you create great content, share it. This will help your content get indexed on search engines and build your domain authority. Leveraging your content (blogs,pillar pages) drives more traffic and allows you to become recognised as an industry leader.
Blogging is an excellent way of gaining brand awareness and credibility in FinTech’s highly saturated market. When customers search for content and are directed to your blog for answers, you will become viewed as an expert in their regard.
Companies that blog get a 434% chance of ranking higher on search engines. Key to being discovered is to keep the buyer at the core of your content marketing strategy. Buzzsumo allows you to search for trending topics in FinTech. This will help you start writing content that addresses the concerns of your industry.
Marketers who prioritize blogging are 13 times more likely to experience positive ROI for their marketing efforts.
The future of FinTech is human. Whist it may involve chatbots, advanced machine learning and automation, these technologies pave the way for a more transparent, customer-centric experience, which Financial Services finds itself at the mercy of. Speaking to the customer in a language they understand gives FinTech a competitive edge with social media.
Social media is where 86% percent of millennials (your buyers) live. Focusing on helping rather than selling is essential for building trust and loyalty. This is pivotal for creating a lead generating social media strategy within an industry that relies on strong customer relationships.
The opportunity to speak and listen to your audience, responding directly to their wants and needs is central to the inbound marketing methodology. This helps you connect with your audience on a human level, showing that you are listening, understand, and care about their concerns.
54% of online customers prefer to see videos from their chosen brands in comparison to emails and social media-based content. Leverage video on social media to highlight your brand values and thought leadership.
Social media is an excellent channel for increasing the reach of your blogs. Doing so will help you to drive more traffic to your website and position your company as an expert within the FinTech landscape.
Use social media data to find out the best days/times to post and what forms of content generate the most engagement to shape the learning of your social media lead generation strategy.
Social media influencers often have vast audiences who are very demographic specific. Recruiting a FinTech social media influencer to help grow brand awareness and connect your with a key audience.
The General Data Protection Regulation (GDPR) brings tighter controls over how business collect, store, use and discard customer data of EU citizens.
For FinTech, this is especially important with the current ways cloud and internet technologies generate, gather and store individual’s identity. Non-compliance or breaches can result in up to €20 million or 4% of your global annual turnover (whichever is greater).
As of 25 May 2018:
Data must be transparent
You must know where, how and for what purposes personal data is being processed.
Data collected must be for a valid reason in the eyes of GDPR.
Security processes must be robust for companies to keep EU citizen’s personal data safe.
You are accountable for keeping records of all personal data that you collect.
You must be able to demonstrate, compliance with the principles” of handling an individual’s personal data.
Proving a valuable piece of content such as a whitepaper or eBook in exchange for a prospects contacts details ensures compliance with the new regulations whilst benefiting from inbound leads which cost 61% less than outbound.
In the financial sector, the best marketing channels can be difficult to identify without the use of software that keeps track of traffic and marketing activities. That’s why 49% of companies are now using marketing automation to assist with repetitive marketing tasks such as emails, social media and managing leads.
With HubSpot’s marketing automation software you can:
Create a whole month’s worth of social media posts and schedule them accordingly.
Pick from different packages on offer based on the stage your business is at.
From attract to close, you will be provided with engagement levels and the ability to compare that with the effort you put in.
By automating important marketing processes such as website optimisation, driving traffic to landing pages and content distribution, you are able to analyse the results of your campaign with the aid of real time insights and make seamless adjustments based on your performance.
The future of fintech is human
Ultimately, moving to inbound marketing is an investment you can’t refuse. It will help your FinTech company drive more targeted traffic, attract higher quality leads, and convert more leads into delighted customers.
Inbound Fintech delivered fantastic outreach during one of our major global campaigns, one that was
Inbound Fintech has been instrumental in setting up our inbound marketing strategy and increasing our lead generation from ad campaigns and organic search. We are continuously impressed with their level of service and consider them a key marketing partner in helping drive the business. They are not only proactive and responsive but also at the forefront of thought leadership in the inbound marketing space.
Inbound FinTech are creative, focused, intelligent, professional and driven
The Realization Group engaged IFT in September 2017 and within 3 months they had transformed our Inbound delivery capability.
We continue to work with IFT as long-term partners.
Sheila and the team have been instrumental in identifying KPI''s and a roadmap from MVP to growth. They have been a long term partner of ours in all aspects of our marketing and continues to drive growth and strategy.
We opted for the three months’ complete overhaul with Sheila and her highly efficient team removing the old parts from the broken watch (also known as our previous AdWords campaign) and putting it together piece by piece. Half way through the brief and our conversions have increased by 46% and our CPA (cost) ave decreased by 52% with more delights promised before we reach the end of the journey.