Posts Tagged ‘Marketing’
Dirty words
Over the past several years, more and more credit unions have eliminated certain “dirty words” from their marketing and identity. Words like “member”, “join” and even “credit union” are now taboo in a lot of places, and online account access is almost always called “home banking.” And when was the last time you heard “share…
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Getting married on the first date
Why do credit unions still focus so much on marketing checking accounts to non-members? I mean, I know why — the checking account is still the best indicator of a PFI relationship, and it’s extraordinarily “sticky”. Members with checking are loyal members, or at least they’re stuck with you for a while. I get that.…
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Are you marketing inside out?
Traditionally, marketers have worked inside out, isolating themselves from the rest of the world, all alone in their office bubble, dreaming up concepts and doing their creative voodoo, then broadcasting it out into the world and crossing their fingers in hope of reaching a few receptive ears. But what if you were marketing outside in?…
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Culture eats marketing for breakfast
In most companies, brand image is controlled by management, which sets the tone for the corporate culture with a focus on either profits or customers. Amazon.com Founder/CEO Jeff Bezos made news one year for working at one of their fulfillment centers in Kentucky, and has made it a requirement for every employee to spend two days…
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How does your web site measure up?
How do you measure the success of a credit union website, and how do you justify spending money on it? We’ve had some interesting discussions lately on metrics for CU sites, and here are the points raised: One key is to remember that to members, your site is a tool – not an entertainment destination or…
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Think slippery, not sticky
Most websites want users to stick around longer in hopes that they’ll see more ads and/or make a purchase. But on a credit union site, tactics intended to increase page views mostly get in the way. That’s why you need to think slippery, not sticky. To your members, a credit union web site is a tool,…
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Why rent eyeballs when you can own?
Traditional media is based on buying exposure – how many people will see this newspaper ad, this TV spot, this outdoor board, this trade show booth. As a result, buyers of traditional media calculate what it will cost to rent eyeballs just long enough to get a message across, then pray for a 1% response…
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Those Crazy Kids
You’ve probably seen a few thousand articles about all the ways the internet and social media are going to change marketing forever. We are certainly facing a fundamental shift in marketing, but it’s not particularly tied to a certain technology — it’s tied more to some profound differences in generations. Database marketing got its start…
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Five Ways to Get a Seat at the Table
A while back, we ran a poll asking credit union marketers “Does Marketing have a voice at your Board and/or Management meetings?” To our surprise, we found that only half of the respondents indicated that they have a role in making policy and decisions. About a third felt that “I’m on the outside looking in.” and 15% chose “I am occasionally…
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Cutting your marketing budget is dangerous
Budget season certainly seems to be the right time for cutting fat, and unfortunately CFOs always seem to feel that the marketing line needs to lose a few pounds. But cutting your marketing budget will not help you improve your bottom line. In fact, it is likely dangerous. Marketing is the oil that allows the…
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