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Social Assurance Traditional Marketing with Social Media for 2013

How can banks/CUs merge traditional and social media in 2013

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If you wonder how to effectively combine your current marketing with social media — or if that’s even possible — view our "Merging Traditional Marketing with Social Media for 2013" SlideShare. Presented by ACTON Marketing and Social Assurance.

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Page 1: How can banks/CUs merge traditional and social media in 2013

Social Assurance

Traditional Marketingwith

Social Media for 2013

Page 2: How can banks/CUs merge traditional and social media in 2013

Presenters

Ben Pankonin Founder, Social

Assurance Social Media

Software for Finance

Represents over 1,000 social finance accounts

Dodgeball Champ 2

Mark Zmarzly SVP at ACTON

Marketing Specializes in

Customer Acquisition Strategies

@BankMarketing A Gemini

Page 3: How can banks/CUs merge traditional and social media in 2013

What our clients are telling us

3

2013 Priorities Loan Growth Customer (but maybe not

deposit) Growth Small Business segment

Page 4: How can banks/CUs merge traditional and social media in 2013

Today’s Agenda

Social Media Best Practices Facebook’s EdgeRank

How DM and SM can coexist Sample integrated campaigns

A look at some pilot campaigns

Time for Q & A

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Page 5: How can banks/CUs merge traditional and social media in 2013

Today’s Attendees

AVERAGES

1,132 Likes on Facebook

$632M + in Assets

Average of all banks = 800+ Likes

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3 Segments Had FB profile for over 12

months and few followers No Page Over 3,000 Likes and

committed.

Page 6: How can banks/CUs merge traditional and social media in 2013

Starting Up Your Social Presence

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Employees Customers Campaigns Events

Page 7: How can banks/CUs merge traditional and social media in 2013

Finding Your Social Voice

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Must be personal Include varied marketing Rules for Negative Posts:

Not include financial data Must relate to the topic Not addressing individuals

Page 8: How can banks/CUs merge traditional and social media in 2013

Edge Rank

WHAT IS FACEBOOK DOING WITH MY POST?

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1. Frequency

2. Types of Posts

3. Engagement

4. Variety

Page 9: How can banks/CUs merge traditional and social media in 2013

Edge Rank

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BEST Types of Posts

1. Photo with complementary text

2. Link with a description to introduce it

3. Status with a long (280+) character body

4. Video with a long (280+) character introduction

WORST Types of Posts

1. Photo with an excessively lengthy description

2. Link with a short description (not enough context)

3. “Click on This” or “Share This”

4. Video with a very short description or introduction

Page 10: How can banks/CUs merge traditional and social media in 2013

Working Together

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Page 11: How can banks/CUs merge traditional and social media in 2013

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Path to Purchase

How do we move them down this path?

Awareness (to be found) Advertising, Branches, Recos

Consideration (to be 1 of 3) Convenience, Products, Recos

Selection (to be chosen) Image, Conv, Prod, Low Fees

J.D. Power & Associates 2011 US Retail Bank New Account Study

Page 12: How can banks/CUs merge traditional and social media in 2013

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Calendar Integration

Integration only happens with planning.

Traditional Mailing Calendar for 2013

Page 13: How can banks/CUs merge traditional and social media in 2013

Content Categories

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Personal

Small Business

Customer Service

Events Banking

Relate to the brand

53% of small businesses are home-businesses

Promoting customer service allows promotion through association

Drive in-branch and local events and news.

Connecting to products, services and offerings.

Page 14: How can banks/CUs merge traditional and social media in 2013

Community Event

PET PHOTO CONTEST

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Promoted in mailers to prospects

Promoted in-branch to customers

Enter through a Facebook app

Page 15: How can banks/CUs merge traditional and social media in 2013

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Mailer

In-branch table tents, window clings

PET PHOTO CONTEST

Page 16: How can banks/CUs merge traditional and social media in 2013

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Calendar

Your posts should reflect your mailing

Page 17: How can banks/CUs merge traditional and social media in 2013

Auto Loan promotion

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A postcard with a rate offer

Facebook Ad Facebook App

Page 18: How can banks/CUs merge traditional and social media in 2013

Facebook Advertising

Like-based Ads Post-based Ads Targeted by demographics

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Page 19: How can banks/CUs merge traditional and social media in 2013

Facebook demographics

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Page 20: How can banks/CUs merge traditional and social media in 2013

Small Business

Reach them through mail LinkedIn

Promote events Host seminars

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Page 21: How can banks/CUs merge traditional and social media in 2013

Takeaways

1. Create a long-term vision

2. Implement in weekly and monthly goals

3. Partner for success

4. Remember that Social Media should complement existing marketing

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Page 22: How can banks/CUs merge traditional and social media in 2013

Social Assurance22

Thank You + Let’s Connect!

Ben [email protected]

@benpankonin

socialassurance.com

Mark [email protected]

@BankMarketing

actonfs.com