Marketing to Different Generations on Social Media
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With the coronavirus outbreak, being present on social media is critical for advisors. When used correctly, it is a great tool for impactful connections with current and prospective clients and establishing yourself as a thought leader within your niche.
That being said, you may not need to be active on every social media platform. It depends on the niche you target. Identify which platforms your target audience uses and what content they want to see to effectively connect with them and make a lasting impact.
What kinds of content should appeal to your niche on social media?
If Millennials are your niche, you’re in luck. Millennials are the generation with the highest use of social media. In fact, 90.4% of Millennials are active on social media.
To successfully market to Millennials on social media, incorporate eye-catching graphics and imagery. Share third-party articles and content that would be of interest to show that you are like-minded. Additionally, 75% of Millennials watch video content daily, so leveraging video on social media is a great way to appeal to them. (P.S., check out my other article on how to record professional videos right on your smartphone).
2. Generation X
When it comes to marketing to Generation X, the most effective thing you can do is focus on creating content that is authentic and consistent. If you’re wondering what platform would be best to reach this target audience on social media, Facebook is the answer. In fact, 88.6% of Gen Xers use Facebook as their main social media platform. With a statistic like that, having a Facebook business page and being present there is a no brainer.
3. Baby boomers/retirees
Despite the fact that this generation grew up without technology and the internet, they definitely accept it and want to learn more about it. In fact, 64% of people aged 50-64 have at least one social media profile, with Facebook being the most popular platform for baby boomers. Baby boomers place emphasis on in-depth news pieces and analysis with an abundance of concrete information/. When sharing on social media, cater your content to meet their values.
Source: Pew Research Center, Survey conducted Jan. 8 to Feb. 7, 2019.
What does your niche want on social media during a crisis?
Social media is uncharted territory for many advisors. Throw in a global pandemic and it is downright confusing. How can you market your firm effectively on social media amid COVID-19?
That’s a tough question. Facebook and Instagram have seen a 40% increase in usage due to COVID-19, with views for Instagram Live and Facebook Live doubling in one week. Your followers are spending more time online than ever before, so social media presents businesses with a unique opportunity to deepen relationships and position yourself as a thought leader increasing your brand affinity.
1. Show empathy
Being empathic on social media doesn’t mean you have to mention COVID-19 explicitly in every post. But take into consideration the tone of your captions and how it could be interpreted by those who may be facing a different and potentially challenging reality.
2. Provide value and educate
Traditionally, I think of social media as a vehicle to drive traffic to your website, blog, YouTube channel, etc. During a crisis, your primary objective needs to shift to becoming a valuable resource to your audience. Place a focus on providing extra education in the form of videos, webinars, live streams, podcasts, slide decks, etc.
3. Be human
Put on a façade. While we might not all be in the same boat, we are battling the same storm. It’s normal to be human on social media. In fact, people want to see more of that, especially during a crisis situation.
Share how you’re coping with stress or anxiety, how you’re transitioning to working from home and what hobbies you enjoy. Showing this human side of your firm gives clients and prospects a glimpse into the “real you.” Showing that you too are a normal everyday person is a welcoming feeling for those who may not know you yet on a personal level and gives them something they can relate to.
Committed to Helping Advisors With Digital Marketing During COVID-19
With everything canceled, how will you continue to reach clients and prospects during times of crisis?
The answer: digital marketing
There is no better time to get started or double down on your digital marketing efforts and you need a space to manage it all.
Lead Pilot can help.
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Whatever your niche, generating content that is of interest and meets them where they are is incredibly important to building a loyal following and growing your business. You have to know your audience, so uncover what your audience wants to learn. If you’re not sure where to start, begin by brainstorming every question your audience has and plan your content to meet those needs.
Your content marketing strategy should be ever-evolving. You don’t need to be perfect immediately.
Content builds relationships – relationships are built on trust – trust drives revenue.
Use this time to your advantage by growing your brand instead of your bottom line. Create that Facebook business page you’ve been putting off, or run a new educational campaign on social media.
Samantha Russell is the chief marketing and business development officer at Twenty Over Ten (a digital marketing and website development company for financial advisors). Samantha helps financial advisors create digital marketing strategies that produce explosive growth through website development, content marketing, SEO, social media and video.