FINANCIAL MARKETING INSIGHTS
What's happening in your bank lobby? Make the waiting game pay.
I was recently in a bank lobby waiting for a teller because my online banking app wasn’t working. Two bankers were doing their best to serve the people in front of them who needed lengthy transactions… while I and another customer waited. And waited.
While this bank’s lobby was neat and clean, there was only one promotional poster to be seen anywhere. There was nothing else in the lobby for us to look at. So of course, we both reached for our phones to pass the time. This was a huge missed opportunity. This bank’s captive audience had nothing to do but look at their phones.
Here’s what they could have done instead.
Making Your Auto Loan Business Go the Distance
I finally found my perfect ride. Next: the perfect car loan. I have excellent credit and several existing banking relationships. And I know many bankers through social and community activities. So I felt confident that I could get a good rate with a trusted institution.
Here’s what I learned along the way—and what it means for your bank.
Market your bank better: get out on the sidewalk
If you’re working to build your retail business, you have a lot in common with many companies in the malls and shopping centers. There’s more competition than ever from across the street and across the globe. The successful retailers are innovating, building their brands and creating special promotions that make lifelong, loyal customers.
Innovative bankers can borrow from those successes to welcome new business.
Bank Branding Lessons from Marines and Ballerinas
Just like the Marine Corps or a corps de ballet, people in an elite, high performance bank are in step. They have solidarity of purpose and movement. And working together, their brand is nearly impossible to defeat.
That healthy financial brand starts with aligning purpose, processes and the people inside of your institution.
A healthy corps = a healthy brand
Silver is Gold: Create a Better Bank Experience for Senior Customers
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.
