Credit Union Marketing
Those pesky misbehaving humans
I’m currently reading a very interesting new book called Misbehaving: The Making of Behavioral Economics by Richard Thaler. Thaler is an economics professor who became inordinately interested in those curious, messy, illogical, maddening creatures called “Humans” sometime in the ’70s. Economists then – and now – prefer to deal with the far more predictable actions of rational, logical beings.…
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What if you weren’t allowed to buy what they were selling?
Have you ever felt like you weren’t allowed to buy what they were selling? About a week ago my wife and I were wandering around downtown Asheville with our NC friends. One of our group was excited to see that a small “Scottish” shop was open, since she had tracked some of her ancestry to…
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Language lessons
In many parts of the US, a significant portion of the people speak another language. Even if these folks are also fluent in English, using a “native” language can be a great way to connect and build trust. Here are a few recommendations for developing and maintaining multilingual marketing materials and websites: Use professional translators,…
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Emotional escalation
Long ago (but not so far away) I worked at a mental hospital while I was finishing college. And I loved it – the job was incredibly interesting and challenging. Endless variety every day, and a lifetime of great stories. Of course, I learned a lot of things doing that job that I still use today, one…
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How to choose and work with a pro photographer
For those of you that have been stuck in StockPhotoLand for most of your career, here’s a nuts and bolts lesson in how to choose and work with a pro photographer, what to expect, and how to get the results you need: 1. Build a plan. Get a good sense of what you want and need before…
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In-house, or outsource? 3 ways to tell.
Credit unions, like many companies, go through times of tightening budgets and cutting back on outside expenses. Marketing is often the department that feels the biggest pinch. Occasionally some interesting management logic occurs, and more personnel can be added because the HR budget is a different line item than Marketing. (I never have figured that one out.) But…
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Brainstorming brainstorming
It’s time for yet another loan promo and you’re stuck looking at a blank piece of paper. You’ve got nothing. Nada. Zilch. Zip. You could really use the collective input of multiple minds, riffing on anything that pops in their heads, all focused on a single subject. You need a brainstorming session. But everyone else around the office seems…
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One million seconds is HOW long?
Most people are lousy with numbers. Especially big ones. Numbers like millions, billions or trillions are simply hazy notions of REALLY big numbers for most people. Add a dollar sign in front and you may actually see their eyes glaze over. Unless you put those numbers in terms they understand. For example, everybody knows that a minute is 60 seconds,…
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Millennials: No Car, No House, No CU Income?
My youngest son sort-of-hates cars. Sure, Grandma’s-hand-me-down-Buick helps him get around town when he comes back to visit family. But that’s also a big reason why he plans to always live in a city with a decent mass transit system. He doesn’t want to own any car, or make monthly payments for it, much less pay for the gas, insurance, and upkeep.…
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Money isn’t everything – budget time and attention too
What’s your total marketing resources? No, not just the number of dollars you spend on media, services, and clicky pens. I’m talking about the other parts of the equation: time and attention. Time + attention + money = total resources. Time, of course, is a combination of staff time (how much time can and should you…
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