Recently, there have been many changes in buying behaviour in financial services. Covid-19, market volatility and the first genuinely inflationary environment in forty years have left firms and individuals with a 'wait and see' attitude. So, how can firms successfully generate high-quality leads?
Understanding the client's business challenges is crucial.
1. Become a Specialist
It's more effective to specialise in a particular area and cater to various industries and service types. This allows you to develop deep expertise and become a go-to resource for clients with specific needs. By focusing on a niche, you can establish yourself as a trusted authority and attract higher-value clients seeking specialised guidance. A study by the Institute of Chartered Accountants in England and Wales (ICAEW) found that 81% of UK businesses value the in-depth expertise of specialised accountants.
2. Establish individuals as Thought Leaders
Become a voice of authority in the financial services industry by sharing individual experts' knowledge and insights through thought leadership articles, webinars, and speaking engagements. Demonstrate your firm's expertise by showing how they tackle complex financial concepts and breaking them into easy-to-understand language that resonates with your target audience. By establishing your people as thought leaders, you attract clients who value your expertise and seek guidance from an expert. This interesting and well-evidenced article in Money Marketing demonstrates that becoming a thought leader in the financial services industry can be a powerful way to attract clients. By sharing your knowledge and insights through thought leadership articles, webinars, and speaking engagements, you can establish yourself as an expert and attract clients who value your expertise.
3. Conduct Market Research and Release Compelling Studies
Undertake original research on topics relevant to your target market. Produce insightful studies that provide valuable data and actionable insights that are helpful to your target audience. By releasing compelling studies, you enhance your firm's credibility and establish yourself as a forward-thinking firm ahead of the curve. This attracts clients looking for data-driven solutions and values your firm's commitment to innovation. A study by the Association of Business Psychologists (ABP) found that 78% of UK businesses use market research to make informed business decisions. This suggests that companies are interested in learning from experts and using their insights to grow their businesses.
4. Create High-Quality Educational Content
Publish informative and engaging content that addresses the specific needs of your target audience. Break down complex financial concepts into easy-to-understand language that resonates with your audience. Creating high-quality educational content demonstrates your expertise and attracts clients seeking financial guidance. Your firm becomes a valuable resource for your target audience, and they are more likely to turn to you for their financial service's needs.
5. Leverage the Power of Social Media
Establish a solid social media presence to connect with potential clients and promote your firm's services. Share relevant content, engage with followers, and participate in industry discussions. Social media is a valuable tool for building relationships. A study by Hootsuite found that 83% of UK businesses use social media for marketing and business development. Similarly, the Chartered Institute of Marketing (CIM) recently found that 90% of UK businesses believe social media is vital for building relationships with customers and potential clients.
Social media is a powerful tool for connecting with potential clients and promoting your firm's services. By actively participating on social media, you can demonstrate your firm's commitment to staying up-to-date with industry trends and providing valuable insights to your target audience.
6. Unleash the Power of a Unified Approach
To achieve the highest lead quality and quantity level, embrace a comprehensive strategy that integrates various techniques and strategies seamlessly. While each tip individually enhances lead quality, combining them creates a lasting competitive edge. This unified approach differentiates you from other firms and sends a powerful message to potential clients, emphasising your superior value proposition. By fostering a well-targeted, clearly differentiated approach that demonstrably exceeds the offerings of "me too" firms, you'll establish yourself as a leader in your industry, attracting more qualified leads and propelling your firm towards success.
Ready to Take Your Financial Services Lead Generation to the Next Level? Introducing Lead Gen in 10!
Our Lead Gen in 10 guide is your comprehensive resource, offering quickfire exercises designed to enhance every aspect of your lead generation. These practical exercises are tailored to improve your approach, ensuring that you not only generate more leads but also maximise the conversion of existing ones.
To find out more about us and to claim your free consultation with our financial services lead generation expert contact Jude Browne or click here to book a consultation directly.
