Financial Advisors: The Basics of Pay Per Click Online Advertising

Pay Per Click (PPC) is one of the many ways of promoting your financial service or business. You only pay when a user/potential customer actually clicks on an ad to visit your website. You pick keywords or phrases such as “shopping” or “Green used car” and when the results come up your ad will be displayed. Google AdWords, and Microsoft Bing Ads are some of the largest PPC network operators. PPC is often used to refer to keyword advertising on search engines and social media website such as Facebook & Twitter. With PPC, search engines & social media platforms can give you instant traffic and allow you to test out new business models and ads in real time.

Getting Started with PPC Online Advertising

To get started, you will need to create a (campaign) simple text ad (or banner ad) that will catch your specific  customer or ideal client’s attention. Customer research (demographics) is crucial. The key to online advertising is to think creatively. You need to find specific keywords that are related to your service and/or business. You must word your ad in a way that it manages to attract only that reader who might be interested in your product and/or services. You are actually paying on a per click basis and hence you must only get those visitors who will buy and utilize your product or services. The best way to go about configuring the perfect wording is tweaking the ads that you have created. If your first ad is not working out, try re-wording or adding or deleting a sentence.

Once you start getting results, track your progress in Microsoft Excel or use the PPC tracking results manager that can easily export to CSV file. Most PPC Ad managers have visual front-ends and easy to track success rates. Use one column for keywords, and another for keyword clicks. Back to Excel…Create columns that will represent category phrases. Once you figure out your phrases, think about what local or geography you will sell your product or services. Once you input the data, take out any phrases that are too generic. Start using the keywords that are left in your PPC campaign and then grab the click through rates and conversion data and add the new columns and paste next to that particular keyword. This way you can get a organized visual of what keyword is working and what keyword is not working. Use the Google AdWords Keyword Planner for validating the keywords you’ve found by showing you search volume data and trends, cost per click, and competitive data.

  • Understand what makes you special and why people will want to choose your service or product.
  • Keep an eye on your competitors’ keywords, messaging, and deals/offers.
  • Cater ads to different buyer wants and needs.
  • Test price, information that reassures buyers (e.g., “official site,” “24/7 support”), and time sensitivity (e.g., “Offer ends soon”).

You can also choose where you would like to advertise (demographics) such as:

  • Geographical location
  • Age and gender
  • Income levels
  • Popular sites
  • Blogs
  • Your favorite websites
  • Day of the week
  • Time of day (morning, afternoon, or night)

Don’t have a website but still want to advertise online? No problem. Most PPC networks will allow you to create a “mini” website that your ad will point to. You can add graphics, images, color schemes, and videos to your mini website. Anyone without a website no has no excuse to advertise online. For “brick and mortar” stores, make sure your PPC campaign list the city you are advertising. When your ad is seen, you want to make sure the person surfing notices that your ad is specifically for the area you are advertising for which will increase the quality of your click throughs. Avoid sending the reader of your ad to the home page on the first click. If there’s nothing local about the landing page, the user may abandon the page and move on. Send the reader directly to the product page you are advertising.

What I like about buying keywords on a PPC search engine, Facebook, Twitter is that it provides a trackable medium. Before you start any marketing campaign, you will need to decide what the goal of your marketing medium. If you are just “branding”, then you should know up front to expect to lose money to gain mind share or reinforce your brand.

The advantages to advertising online enables site owners to receive new traffic, new client leads and more measurable ROI. Another advantage include small businesses to be able operate nationally & globally. If your plan is to target the U.S. or the world with your ads, you better have a big budget. Broad PPC campaigns can get very costly in a short amount of time. Instead, begin by targeting the local market you’re familiar with. Your geo-targeted “buyer-persona” ads will cost less, and they will be better aimed at your specific audience. Make sure you localize your keywords. Not only do you have a greater chance to appear in the top SERPs (Search Engine Result Pages), but you have an opportunity to do so much faster than if you were targeting global customers.

Do you have a Financial Advisor Website with Amazing Content?

Do you have a Financial Advisor website with amazing content? Original blog posts? Sticky landing pages? Videos? eBooks? Social Media is THE perfect platform to post & link all your SEC and FINRA compliant original content.

Social Media helps amplify the firm’s brand awareness. Showcasing original blog posts on social media will help push visitors (client leads) back to the home website. Presence on social media is also must if you want to get noticed and be respected. 79% of Twitter users like to discover what’s new, making it the top platform for discovery. Around one-in-five U.S. adults (22%) say they use Twitter

 

 

Financial Advisor Social Media Targeting for Lead Generation

Social Media should be part of your firm’s marketing strategy. There are tremendous number of potential clients out there in the Social Media ether looking for financial advisor help. As social media continues to increase with financial advisor usage – Advisors are using platforms such as Twitter, LinkedIn, Facebook company pages as a powerful tool in increasing traffic back to their respected website.

The number of active users on platforms like Twitter, Facebook, and LinkedIn, continues to grow exponentially, making social media an increasingly attractive channel for financial advisors to not only reach prospective clients and centers of influence, but to nurture relationships with existing clients as well.

After you optimize your profile (contact information, links to website, bio, background and profile logo image), it’s time to create sticky content. Sticky content should include original article blog posts that sit on your company website. Sticky content can also include landing pages, eBooks, YouTube channel, Video and even outside retweeted curated (SEC & FINRA compliant) content.

Dialing in targeting for those high-quality leads looking for Financial Advisor advice includes paid PPC social media ads in which you choose specific demographics for your ideal client (age, gender, household income, City, State, etc.). You can also dial in by selecting #Hashtags keywords that act as a search function for people looking for financial help (#WealthManagers , , , City & State hashtag etc.). Social Media tools also help targeting. Tools such as HootSuite, Sprout Social, Wyng, Buzzsumo, Mention, Audiense and Google Analytics which provide social media tracking, monitors and analyzes traffic from social, tracks social campaigns and measures ROI.

Bottom line: Social Media is a tremendous source of delivering traffic to your website and hopefully (with the help of a superb website funnel) will convert them into quality leads.

YouTube Channel Optimization Tip

YouTube Channel Optimization Tip – Keywords. Look at your competitors YouTube Channel that have a similar audience and analyze which videos are getting the most “views.” Figure out which keywords you can use from their top ranking videos “Title” & “Description.” This method could help boost views and ultimately subscribers.

What is a Website Funnel?

A Website Funnel is basically an action you create to attract visitors (SEO, Social Media, PPC campaigns, Email opt-in, YouTube channel) to your website and guide them to take some sort of desired action like fill out a contact form (client leads), buy a book (Amazon link), or an actual product (add to shopping cart).

At the top of the funnel comes “awareness” followed down by interest>desire>action

Creating a perfect website funnel is literally an art form. A web designer has to be super creative and know the audience. Knowledge of of the process includes creating & mapping landing pages, CTA (Call to Actions), trip wires, product pages, image optimization, keywords, blog posts, etc.

Finally, if a website funnel isn’t converting, or it breaks down somewhere (leaks) in the middle, a website designer needs to figure out where the Google Analytics metrics drop off. Analytics is one of the best ways to measure your site’s performance, and can identify which part of the funnel isn’t working.

SSL Certificate is a Must For Your Website

HTTPS is a way to encrypt information that you send between a browser and a web server. This protects your website’s users from “man-in-the-middle” attacks, where someone steals the information being sent to a website, like credit card information, logins, etc. An SSL Certificate (Secure Sockets Layer) is a set of data files that you can add to your server to achieve this encrypted connection between a browser and your server. Besides securing your website by way of encryption, it also helps with SEO (Google Rankings). Google has confirmed that HTTPS is a ranking signal. An unsecured website risks users’ online safety and could be hurting your SEO efforts. Google confirmed in 2014 that HTTPS is now a ranking signal. So, if your site doesn’t have SSL certificates and is on HTTPS, then now would a good time to update.

The Google post above is also a good read on how to decide the kind of certificate you need: single, multi-domain, or wildcard certificate. Another bonus is that a SSL certificate increases customers trust (see my related past article here) and confidence in your website. Customer confidence is essential to increasing conversion rates.

More Reasons Why Search Engines Are The New Yellow Pages

Search Engines like Google and Bing are the new yellow pages. The convenience of powerful smart phones, search engines are an easy way to find anything (local to national to worldwide).

3.5 billion Google searches are made every day. (Internet Live Stats)

35% of product searches start on Google. (eMarketer)

34% of “near me” searches done via desktop and tablets result in store visits. (HubSpot)

Organic Google results with 3-4 words in the title drive higher CTRs than organic results with 1-2 words in the title. (Smart Insights)