px:

BLOG

February 29th, 2020

Marketing Financial Services with Video

There are a wide variety of industries that benefit from utilizing video in their marketing strategy. Marketing financial services with video can make your services accessible and comprehensible to anyone in the general public. In this article, we will review the benefits that video presents to the financial industry and provide a couple of examples for incorporating video into your next marketing strategy.

How is video beneficial for the financial industry?

Financial jargon and legal disclaimers can be confusing, especially when it comes to investing, interest rates and fees. Therefore, video can be particularly helpful in explaining complex financial concepts.  Not only will consumers be able to understand better, they will retain more information about your company. Viewers retain 95% of a message when they watch it in a video, compared to 10% when reading text only? (See more on why video is taking over the marketing landscape here.)

Video is for everyone, from students to high powered executives. In fact, according to a recent study, 59% of executives say they would rather watch a video than read text. Most importantly, video is a way to develop trust, educate your clients and provide valuable reminders with a personal touch.

Developing a solid personal relationship with your clients is an important part of client retention. This is especially true for the financial industry. Most people need to feel that they know their financial representative in order to truly trust them. Building that relationship requires consistent, clear and personable communication. You can check these boxes with the use of video. Now that we have explored some of the benefits, let’s take a look at an example to illustrate how you can strengthen client relationships through video.

Nurture clients through video.

If you had to decide between a wordy recap email, or a quick summary paired with a video, which would you choose? The second option can feel more personal. In the follow up video you might:

  • remind your client why they enjoy working with you
  • provide important educational information
  • set yourself up for your next meeting

You can also use video to introduce yourself to clients before you start working with them. For example, if you have a group of people who often refer clients to you, provide them with a link to a video that they can share with their friends, family and co-workers. Seeing your face and hearing you speak will make you more memorable to a potential client and may help you convert more of those referrals into clients.

If you partner with companies that are offering 401ks or other retirement plans, this tactic may also be used to strengthen your relationship with company employees and increase client retention. We have covered some ways video can strengthen communication with current and new clients, but what about potential clients?

Where does video fit into my marketing strategy?

There are a myriad of ways to use video to improve your marketing and reach new clients. You can find inspiration for marketing financial services with video all around you. Keep the information as simple and straight forward as possible and consider creating:

  • An educational video series that can be accessed from your website
  • Short shareable social media videos
  • Video ads to promote your brand in your local area
  • News appearances (you can explore both paid for and free opportunities here)
  • Appear on video podcasts or YouTube channels that are popular with your audience
  • Client testimonials 
Pro Tip: Script out what you plan to say ahead of time.

Video can seem intimidating for the financial industry. You don’t want to get caught saying something that you shouldn’t or giving blanket advice. Instead of filming on the fly, write an outline of what you want to say and practice explaining those items so there is less pressure when you get in front of the camera.

Start with topics you already feel comfortable speaking about and advance from there. It is also a good idea to include a disclaimer at the beginning or end of your video, especially if you are posting the video to a public channel on YouTube.

Ready to create your first financial video masterpiece? Frozen Fire has a video production team that can coach you through the process and help you create a great impression with viewers.

Not sure how to distribute the videos after you’ve filmed them? We can help with that too! Our digital marketing division, can help spread the word about your financial services near and far. Whether it be through blogs, social channels, your website, or more, we will get your services recognized by the right audiences. Learn more about us or contact us today for more information.

           

TELL US ABOUT YOUR PROJECT

Want to know more about video pricing. Check out our article here.

Please send resumes to jobinquiry@frozenfire.com.

CAPTCHA

Not a fan of online forms? No problem. CALL or EMAIL and we'll get started right away (seriously, we're fast).

Please wait...

SIGN UP

Receive updates
from Frozen Fire

Please wait...

2020 Frozen Fire©. All rights reserved.