4 New Strategies Shaping the Future for Top-Performing Banks
Here are four new strategies that I’ve found that are shaping the future of top-performing banks. These strategies are profoundly changing the game of banking,...
Most bank marketing doesn’t fail because the copy is weak. It fails because the bank has no market position worth noticing.
In this week’s video, Roxanne Emmerich calls out the expensive mistake too many community banks make: confusing branding with positioning. A polished logo, a clever tagline, or a faster turnaround time is not enough to make your ideal customer choose you. If your team cannot clearly explain why your bank is the best or the only one, you are not differentiated. You are replaceable.
In this video, you’ll discover:
Roxanne also makes the case for why recognition matters when it proves performance. A credible award can do more than decorate a lobby. It can open doors, validate your claims, and help your team close.
If your bank has built real discipline, real alignment, and real results, this is your moment to step forward.
Banky Award applications are open now at BankyAwards.com
Watch now.
Let’s get honest about something that’s quietly killing your deposit growth, sabotaging your pricing power, and making your marketing dollars evaporate.
It’s not your message. It’s your positioning.
Most community banks have been duped by well-intentioned branding firms who took hundreds of thousands of dollars, designed beautiful logos and catchy taglines, and then gave you one half of a decent USP like, “We approve loans in thirty-six hours,” which, okay, that’s something. But is it enough to make your ideal customer say, “Woah, we have to talk to that bank?”
Not even close. Marketing only works when it’s tied to one thing: positioning. If you can’t articulate why your bank is the best or the only, you’re just another option in a saturated market. And your team, when they get asked, “Why should I bank with you instead of the other guy?” they’re saying things like, “We’ve been around for eighty years. We have great people. You’ll get me.” Let’s be real.
These aren’t selling points. They’re red flags that you have no positioning.
A real unique selling proposition does one of two things. It proves that you’re the best or it proves that you’re the only. If your USP doesn’t do that, it’s not a USP, or a unique selling proposition.
It’s wallpaper.
And here’s the real cost. Without a strong USP, your marketing falls flat, your sales team doesn’t have the tools to close premium business, and you’re forced to compete on rate instead of value, which is a race to the bottom. So here’s the test. Ask your frontline team this question: “Why should someone bank with us instead of anyone else?” If you hear silence or clichés, you’ve got a positioning problem.
Incidentally, there’s one USP that instantly separates a bank from the rest of the pack. The one line that makes prospects stop scrolling, stop hesitating, and start saying, “Well, obviously, we should talk to them.” That USP: “We’ve been named one of the best banks in America by the Institute for Extraordinary Banking.” That, my friend, is positioning.
The bank award doesn’t just sit on the shelf. It gets you into the room. It closes the deal. It proves what your marketing claims. So if you’ve already built a performance culture, if your team is aligned, if you’re growing low-cost deposits and delivering real results, get your Banky Award application in at BankyAwards.com. Because the banks that win this award don’t just market better, they close better, they lead better, and they bank better.
Here are four new strategies that I’ve found that are shaping the future of top-performing banks. These strategies are profoundly changing the game of banking,...
#1. Culture trumps strategy. Hundreds of studies now show that culture is the leading predictor of future growth and profitability. The Gallup Organization found the...
Most banks are screaming for loan growth. But they’re not going to get it.
They think the only way to achieve that growth is to do traditional sales training.
Never, in the history of time has that ever worked. No really…never.
Can you give them what they need to succeed? Not unless you’ve created a franchisable system to help them duplicate your success.
Here are the seven crucial elements of building a franchisable system in your own bank:
The coming bank consolidation isn’t a surprise. It’s been predicted for years. In fact, the next 18 months are destined to be a major “shake out” period when weak banks will be acquired or closed—and banks that are in a position to capture the best customers in town will become stronger and more profitable.
Culture asks, “Will your people leap over tall buildings in a single bound to make sure your client is successful in their business or personal financial goals?” “Will you go beyond bank “product” to create Unique Selling Propositions that rock their world and cause hundreds of thousands of dollars of impact for them? And will your people have fun doing it so that your system is sustainable?
Ready to stop wasting your marketing dollars and grow your profits and safety with a predictable model of organic growth of top and bottom lines?
Thousands of bank executives are waking up to 2013 saying, “SALES training! Of course! It’s SALES training we need.”
Yeah, well sometimes the first thing that pops into our heads isn’t a keeper. Sales training is fine, but it’s NOT what you need to solve your problem and create a sustainable solution.
So you’ve decided to acquire another bank. For nearly 25 years, I’ve been giving the same advice about acquisitions: DON’T DO IT. I’ve had good reason to give that...
Growing a bank isn’t some mysterious process that involves tea leaves and oracles. It’s more like building a house or tuning up a car’s engine, with a power tool for every step and a hand tool for every part you need to work on. Effective builders have a “franchise system”—the proven best way to do things that minimizes mistakes and maximizes results per hour spent.