Facebook has reached more than 60 million business page visits. These numbers show what is possible on this platform.
How can we leverage this social media platform? We have several great suggestions that will make your Facebook success more effective.
The financial sector and its products have been undergoing rapid growth in the last months.
The RIA and financial advisor community is always looking to grow the number and complexity of their investments, yet many are open and hesitant to take the leap to digital marketing.
Digital marketing, when done correctly, has the ability to provide a significant return on investment (ROI).
A large number of Americans use Facebook daily. In fact, according to Pew Research Center, as of January 2018, 79% of American adults used some form of social media.
Facebook is one of the most popular social media sites. Financial advisors should take advantage of this to market their services.
What makes Facebook advertising for financial advisors so effective?
Facebook collects demographic data to make its advertisements more targeted to people who need our services. Facebook reaches more CTRs for e-commerce and advertising than Instagram and its audiences network.
Your advertising will increase your chances of engaging your customers, increasing the lead generation rate, and increasing conversion rates for your business.
Facebook Marketing Strategies For A financial Advisor
When used correctly, Facebook can be an excellent marketing tool for financial advisors. Here are some tips:
1) Use to share your story and build relationships.
Your potential clients want to know who you are and what you stand for. Share your story, and use it to boost your social media presence and to build relationships with potential clients.
2) Use to provide valuable content.
Your potential clients will appreciate valuable content that is relevant to their interests.
Share blog articles, videos, and other types of content that will help them in their financial service needs. Not only will this provide them with valuable information, but it will also show that you’re an expert in your field.
When sharing financial services content on your social media posts, be sure you are speaking to your target audience in a way that is relevant to them.
Use language they understand and be sure to avoid jargon. Keeping your posts easy to read will make them more likely to be engaged with and shared.
3) Use to stay top of mind.
Many people forget about their financial planning when they’re not actively thinking about it. Use Facebook to stay top of mind with potential clients, and remind them of the importance of financial planning.
4) Use ads to reach new potential clients.
Facebook ads are a great way to reach new potential clients who may not be familiar with your brand. Use targeted ads to reach people who are in your target market.
5) Use to build a community.
Your potential clients will appreciate being part of a community of like-minded individuals. Use Facebook to build a community of financial professionals, and offer advice and support to members.
By following these tips, you can use Facebook to effectively market your financial advisory business.
How do financial advisors use Facebook Ads?
Facebook advertising gives financial advisors a way to customize advertisements to the needs of their potential customers based off location and age.
Among the examples is the location of an area.
Say you are in a rural area and want people in the city, Facebook will allow you to specifically choose who sees the ad by whether they are rural or not. Age is also a key factor.
An advisor may want to run ads to market products specific to people of a certain age group and has that option. For example, an ad for an annuity might only be shown to people over the age of 55.
The use of ads by financial advisors has increased significantly in recent years as more and more people have become comfortable using social media to access information about potential investments.
There are a number of reasons why these ads may be particularly well suited for financial advisors.
First, the platform offers a high degree of targeting options, which allows advisors to reach potential clients with laser precision.
Second, these ads are relatively inexpensive when compared to other digital marketing channels, such as Google AdWords.
Finally, the platform is widely used by consumers; according to a study by Pew Research Center, 71% of American adults use Facebook.
How To Run An Effective Facebook Ad
A recent study by Forrester found that Facebook ads are 2.5 times more effective than traditional advertising. There are no good reasons not to set up your Facebook ad account.
If you’re looking to run a Facebook ads campaign, keep the following tips in mind:
1. Pick your target audience carefully.
Make sure you target your ads to the right Facebook users. Facebook allows you to target by age groups, gender, interests, and more. Online marketing gets a lot tougher when you are not reaching your ideal prospects.
2. Keep your ads copy short and sweet.
Your ads should be short and to the point. People are scrolling through their newsfeeds quickly and don’t have time to read a long ad.
3. Use eye-catching images.
Make sure your ads stand out with eye-catching and relevant images. Bright colors and interesting designs are more likely to catch people’s attention.
Try not to use generic stock photos that are seen and used a thousand times.
4. Make sure your call to action is clear.
Your ad should have a clear call to action, such as “Sign up now” or “Learn more” to invite people to visit your website or landing page.
The success of your ad campaign is based on results. Don’t leave that to chance and make the Ask!
5. Test different ad campaigns.
Don’t be afraid to experiment with different ad campaigns to see what works best for your business. Try different images, copy, and call to actions to see what yields the best results.
6. Ad Frequency
One thing to keep in mind is ad frequency. You don’t want people to see your ad too often, or they’ll start to tune it out.
Try varying the timing and targeting of your ads to find what works best for your audience.
Online marketing can be a great way to reach more leads and get more clients online.
7. Measure your results.
Make sure you track the results of your ad campaigns so you can see what’s working and what’s not. Facebook provides detailed insights that can help you improve your campaigns over time.
By following these tips, you can create ads that are more likely to be effective.
How Content Creation Can Help Financial Advisors?
Facebook ads to financial advisers do more than create or pay advertising.
You have another way to get your audience for free, for example by creating content. Almost every person who is active on Facebook knows what the content they’re looking for.
Make an effort not to read something that happens on your Facebook account while scrolling.
The Facebook algorithm that forms the news feed is not a mystery. The more you know about how it works, the better you can use it to your advantage.
The news feed algorithm is designed to show users the content they are most likely to be interested in. The algorithm looks at many factors to determine what content will be most interesting to each individual user.
One of the most important factors is engagement. Engagement includes things like clicks, comments, and shares.
The more engagement a piece of content gets, the more likely it is to show up in someone’s news feed.
This is where creating great content comes into play. If you want your financial advice to be seen by more people, you need to create content that people will want to engage with.
This means writing blog posts, creating videos, and sharing images that are both informative and visually appealing.
Of course, creating great content is only half the battle. You also need to promote your content to make sure it reaches your target audience. One of the best ways to do this is through Facebook ads.
By targeting your ads specifically to people who are interested in financial advice, you can ensure that your content is seen by the people who are most likely to be interested in it.
Facebook ads can be a great way to build brand awareness and generate leads for your financial advisory business.
But they are only one part of the puzzle. Creating great content is also essential if you want to reach your target audience.
With these two pieces working together, you can create a successful online marketing strategy for your financial advisory business.
Creating the Facebook Business Page
You’ll then need to build a Facebook page to promote the business website.
If you’re a financial advisor, this is the perfect platform to share blog posts, infographics, and other content that will help attract new clients.
Be sure to include relevant keywords in the page description so that potential clients can easily find your Facebook page when they search for financial advice.
To create a Facebook page:
- Go to facebook.com/pages and click “Create a Page”
- Enter your business information and click “Get Started”
- Upload a profile picture and cover photo
- Write a brief description of your business
- Add a link to your website
- Include keywords that potential clients might use to find your business on Facebook
- Promote your page on your website and other social media channels
How much do financial advisor leads cost?
When it comes to digital marketing for financial services, one of the most important decisions you’ll need to make is how much you’re willing to pay for leads.
Financial advisor leads can be expensive, but they can also be worth the investment.
The cost of financial advisor leads varies depending on a number of factors, including the quality of the leads, the level of customization you need, and the amount of competition in your market.
However, you can expect to pay anywhere from $20 to $500 per lead.
If you’re just starting out, it’s important to not get discouraged by the cost of financial advisor leads.
Keep in mind that the leads you purchase will likely be more qualified than the leads you generate yourself, so the investment is likely to be worth it in the long run.
To get the most out of your financial advisor lead generation campaign, make sure you have a well-defined marketing strategy in place. Experienced digital marketers can help you create and execute a plan that maximizes your ROI.
Are Facebook ads Still Effective?
There’s no doubt that Facebook is one of the most popular social media platforms out there. And as a business, it makes sense to use Facebook advertising to reach your target market. But is it still effective?
A recent study by Forrester found that Facebook ads are still effective, generating click-through rates (CTRs) that are higher than those of other digital ad platforms.
In fact, Facebook’s CTR was more than double that of the next highest platform.
So what does this mean for your business? If you’re not currently using Facebook as part of your social media marketing strategy, you’re missing out on a great opportunity to reach your target market.
And if you are using Facebook ads, make sure you’re taking advantage of the platform’s powerful targeting options so that you can reach the right people with your message.