11/20/2023 0 Comments Elucidate financial solutionsBut don’t jump in and try to make a sale. (Nearly 95% of advisors who use social media effectively use some form of direct messaging.) When a connection gets a new job or launches a new business, by all means, send a congratulations message. That said, social selling is usually about building relationships. Following clients’ business pages can also give you insight into their challenges. For example, LinkedIn is a great place to learn about career changes or retirements. Social media can help identify important financial moments in clients’ and prospects’ lives. Nurturing prospects and clients online is known as social selling. When it comes to money, everyone wants to deal with someone they know and trust. Strengthen relationshipsīuilding relationships is a key use of social media for finance industry professionals. More than three-quarters ( 75.4%) of internet users use social media for brand research. Source: Hootsuite Global State of Digital 2022 (April Update)Įven if you’re not marketing to Gen Z, social media is an important channel for connecting with new clients. Ten percent of them already own some form of cryptocurrency. Nearly a quarter of 16-to-24-year-olds already use a financial services website or app every month. 70% of them are already saving for retirement. And they’re starting to hit major milestones that deserve financial advice. The oldest members of this age group are turning 25 this year. Social media is where Gen Z goes in search of financial information. 8 reasons to use social media in financial services 1. Learn how to generate and nurture leads and win business using social media. Bonus: Get the free social selling guide for financial services.
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