Last year was a year that we all want to forget. However, there were some positive things that came out of 2020 when it comes to marketing and how we connected we are with each other. We turned to the LinkedIn community to find out more about what advisors had to say when it comes to marketing opportunities in the new year. Read on to find out more about the top seven marketing opportunities to be prepared for in the new year and which areas financial professionals and influencers are seizing in 2021.
7 Biggest Marketing Opportunities for Advisors in 2021
The opportunities that advisors should be embracing this year are:
1. Offering Subscription-Based Services
A very large chunk of the American population cannot be served by the AUM model, so in order to cater to a larger portion of American households, you need to change up how you serve them and that could be by offering subscription-based services. Michael Kitces offers some great tips on how to best use subscription-based services in a way to increase profits for your business in his blog “How To Profitably Price Fee-For-Service Financial Planning.”
2. Utilizing Video
Video is a great way to connect with others in a quick and informative way just by offering a short clip that can benefit your audience. It is here to stay and has become increasingly popular, especially as we have spent most of 2020 social distancing. In fact, according to Oberlo, 85% of all internet users in the United States watched online video content monthly while the demand for video is increasing, as 54% of consumers want to see more content from the brand or businesses that they support.
3. Targeting Millennials
Millennials want to connect digitally and they want to receive answers quickly. And according to the Pew Research Center, they make up 35% of the labor force. That’s over one-third of the working population, and that number is only growing, so it’s crucial that you are targeting this group in your marketing strategies.
If millennials are your niche, they are a unique group to market to. Some of the best ways to target them include:
- Ensuring that your website is mobile-friendly
- Make sure your website pages load quickly
- Generate website content that is easy to understand, straightforward and easy to scan
- Keep the content accurate and up-to-date
- Integrate live chat features that make it interactive
4. Retargeting Ads
When it comes to ads, make sure you are utilizing retargeting, so that you can get in front of an audience who has already seen your work. With this tactic, you will be able to track prospects so you can see people whose name or email has not been collected. This will allow you to show them your content on other websites rather than your own so that you stay top-of-mind even when your potential leads are not on your page. There are plenty of ways you can get creative with how you target your ads so that they are unique to your audience and will attract them.
5. Practicing Inclusivity in Your Marketing
In 2020 we learned the importance of inclusion in marketing, and the lack of diversity has gone on for far too long. Take a look at your blog section, your email marketing, the images you use, your social posts, your website, etc. and make sure they are inclusive of all genders and races.
We love the beautiful imagery used by Twenty Over Ten client, PathWise. They include a fantastic stock photo just below the fold on their homepage, with the phrase, “You’re Not Like Everyone Else. Neither Are Your Finances.”
For other great examples and tips on how to incorporate more diversity into your marketing, check out our blog post How to Incorporate More Diversity in Your Advisor Website and Marketing [+ 10 Tips and Resources].
6. Alternative Investments
This may be the year to embrace dicussing alternative investments in your content marketing in the new year. Topics like Bitcoin, peer-to-peer lending, gold, etc. are topping the charts in searches and they are the hot topics your audiences will be interested to learn more about from you in 2021.
7. Hyper-Personalization Powered by Automation
Your prospects get A LOT of emails a day, so if you aren’t sending content that is personal to them, they are probably not going to read it. Personalization in email marketing starts with segmenting your lists based on niche, age, the type of content they want to receive…the more personalized the better!
If you need help with personalization, Lead Pilot, helps advisors to drive qualified prospects through hyper-personalized content marketing. Advisors can launch robust content campaigns from a streamlined, easy-to-use dashboard.
How Are Financial Professionals Approaching Marketing In 2021?
We had some great responses from advisors and marketing professionals as to what they think will make the biggest mark in 2021 and what they personally plan to try at their firm.
Justin Castelli, CFP® RLS Wealth and Co-Founder at The AGC™
Johnny Sandquist, CEO at Three Crowns Copywriting and Marketing LLC
Timothy Sedivy, Consortio Wealth Strategies
Drew Stotler, AAMS®, Stotler Wealth Management
Kristin Shea, RICP®
Marshal Scheidt, SixPoint Financial Partners
Charlie Van Derven, social-Advisors
Paul Genua, Hartwell & Company
Scott Salaske, CEO at Firstmetric
Are You Ready For 2021?
We are beyond excited for what’s in store, and even though this past year was tough on everyone, it taught us all to quickly pivot and embrace change when necessary. This includes connecting with others virtually in a way that we never have before.
While we think all of the opportunities are going to be important in the coming year, offering subscription-based services and hyper-personalization seems to be the opportunity that professionals are most excited to use in 2021. The second most popular opportunities are utilizing video and retargeting ads, as these are a great way to connect with audiences and to stay relevant.
Ready to Build Your Brand In The New Year?
We are offering access to our content for advisors to use via Lead Pilot for 7-days completely free (even on our month to month plans).
About the author
Blair is a digital marketing assistant at Twenty Over Ten and has a passion for uncovering what drives online traffic and the highest engagement. She follows more animals on Instagram than humans and her greatest achievement is her daughter, Grey.