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Blog: Bank Marketing Insights

Silver is Gold: Create a Better Bank Experience for Senior Customers

Silver is Gold for Banks

While we can expect a huge wealth transfer in the next two decades, senior citizens still have the lion’s share of the wealth in America. And while bankers are looking ahead to better serving millennials and Gen Z consumers with technology and a disruption of the old banking model, they can’t abandon the old model entirely.

If Grandma's not happy, nobody's happy.

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Millennials trust strangers for financial advice. Why not you?

Ask stranger financial questions

Many of your millennial audience will trust people they barely know on social media for financial advice. Why are they not coming to you with their questions instead?

While your bank has many resources, much of what you’re advertising is related only to products you have to sell. But your most valuable asset is trust.

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Better development starts with heartburn: part 2

Find out how to soothe the prospects heartburnWhen a bank's business development team gets charged up and ready to call on prospects, they’re often so eager to talk, they forget to find out about what’s keeping the prospect up at night. "Me, me, me!", they say. Don't be that guy.

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Before you shoot down that new ad campaign idea: the target audience isn’t you.

ad campaign going down in flamesAdvertise Accordingly.

As a leader in the C-suite, you’re often surrounded by people who defer to your opinion. Maybe there are a few “yes men.” So it can be easy to say you don’t like an ad campaign presented by your CMO and shoot it down without a second thought.

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First national banks are confusing the heck out of us

When I was a new college freshman, a classmate who was also from out of town attempted to make a deposit in the local “first national bank.” It wasn’t the same “first national” that she had at home, but she hadn’t realized that. Some big confusion about her account ensued.

A couple of the frat boys next door thought it was hilarious.

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