Massengill Advisory LLC
+1 (855) 414-3968
  • Home

Reducing the Risk of Client Turnover: Using Digital Marketing for Client Pipeline 

9/2/2016

 
Picture
Why do clients leave? The reasons can be endless, such as being unsatisfied with the service that they are receiving or because they found better alternatives. For investment advisors, for instance, client turnover can be because they feel that the advisors no longer have time for them or because they feel that the service they are receiving is inferior. So while you should make every effort to focus on your current clients, you need to hedge your turnover risk by continuously creating predictable new client pipeline. With a pipeline, you will be able to tap the leads that are not yet ready, send the right message at the right time, and enjoy optimal sales with minimal work. In this case, digital marketing can be highly instrumental towards the achievement of success.
 
How to Make Use of Digital Marketing
 
The establishment of a predictable new client pipeline is no easy undertaking. It requires a meticulous approach to be guaranteed that the outcomes will be favorable. In most instances, you do not need to do it on your own. Professionals like investment advisors can rely on the experts in order to provide them with lead generation and firm differentiation, among other strategies that will be crucial in the reduction of customer churn and having a robust sales pipeline.
 
Among others, one that can be helpful would be the use of a lead management system. There is a need to have a platform that will make it easy to integrate the information that you need, including contacts and sales opportunities. It will also help if you can try different list sources, which will be an opportunity to look for new prospects and replace those who will be lost.
 
Aside from generating leads, it is also paramount to focus on the strategy that will be employed in every component of the sales funnel. From prospecting to closing, it is important to identify the right approaches in order to capture leads and make them satisfied.
 
Focusing on great content is another digital marketing strategy that can be highly instrumental in creating new client pipelines. The content must be relevant, educational, and engaging. In a world where there is information overload, you can achieve differentiation through having exceptional content, which will attract clients to choose you above all others.
 
In sum, the creation of a consistently strong client pipeline and forecast is never going to be easy for any business. It requires the need to have robust strategies, including those that are related to digital marketing. The good news is that you do not need to do it on your own. If you want to achieve differentiation and to establish profitable relationships with your client, who includes minimizing churn and continuously attracting new prospects, you need to proceed with the right strategy and work with the right people.


Comments are closed.
    Picture

    Author

    Kevin Massengill is an entrepreneur, investor, and award winning Fortune 500 senior executive with a track record of massive business growth.

    View my profile on LinkedIn

    Archives

    September 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    January 2017
    September 2016
    August 2016

    Categories

    All

    RSS Feed

Powered by Create your own unique website with customizable templates.