How Top 5% Banks Drive NIM Through the Roof—Without Raising Rates [VIDEO]
Net interest margin is under pressure—and if your bank is still waiting on rate changes to save your profitability, you’re already behind. In this sharp, no-fluff...
I believe most everything in life should carry its own weight.
In this session, I’ll show you how to create massive ROI from every marketing dollar and how to prove it!
If you find yourself rubber-stamping a marketing budget that has a few tweaks from the year before and are wondering what, if anything, actually gets ROI from that budget, you’ll love this session, because I’ll show you the proven research that a leader like you can use right away.
If, on the other hand, you know the ROI from each line item on your budget, good for you—you’re going to like learning a few new ideas you can implement right away to boost that ROI further.
If you are pretty sure your marketing team is doing a great job but you’d like to prove it because, well, you are a banker, and you understand the need for profit, stick around. I have your back.
There are some challenges in knowing how to turn each marketing dollar spent from the “expense” category to the investment category.
First, most marketers haven’t been shown how. In fact, marketing schools still aren’t teaching this right.
Second, they often don’t know how to track and analyze ROI.
Third, they often are repeating what has been done in the past instead of exploring what can be done in the future.
Every bank deals with these issues. I’m now going to give you four steps that will make your results dramatically different in a few weeks.
Again, four steps. First, make sure your marketing team knows to allocate their budget first to optimizing the client experience, then to marketing to your best customers, and then to the Top 1000 prospects.
Next, make sure they know that it’s their job to fix the culture and make sure that your mystery shopping scores average over nine—and that the mystery shopping includes making sure that they can convert the conversation from rate to value.
Then, get the cross-sales on new accounts to average over six. That means that your team is starting to get ready to help your current clients buy what they need.
And finally, now you’ve earned the right to start to promote to your Top 100 and Top 1000 prospects—the ones who could actually bring profit to the bank.
By doing this, you can create a safe and prosperous bank—one that will continue to be there in the community for the long haul. One where you’re not having to lay off or freeze salaries when the economy gets tough, because you’ve created a predictable success machine.
Make sure you tune in next time, when I’ll show you why it’s a primary role of marketing to transform the experience of clients—and how to do it.
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