Fintech

3 ways to inject agility in FinTech marketing

How does agile marketing drive FinTech marketing success?

If you’ve taken a look at our Traditional vs. Agile marketing infographic, you’re aware of some of the key benefits of agile marketing — but what’s in it for FinTechs and why now, during such a time of disruption?

Even prior to 2020, opening doors in Financial Services was a common barrier to FinTech’s lead generation success. But now, whilst the world is (still) awash with uncertainty and we’re pivoting on the edge of a recession, hammering home the marketing message agreed on in January 2020’s strategy session just isn’t going to support the pipeline. The world has changed, priorities have adjusted, and they will continue to do so as things settle down and the markets stabilise.

With Agile marketing, you can respond and adapt to what’s happening in the industry – staying poised and ready to optimise at a moment’s notice. The message your target audience will receive from a data-driven strategy is one of relevance, support and benefit to the current climate. The groundwork and elements involved in a full agile marketing mix are invaluable to the success of a campaign and the impact on the sales pipeline.

Here’s how to inject agility into your FinTech’s marketing activity to get more leads and boost your performance in the financial services market.

1.    Fine-tune your value statement

No matter how awesome your tech may be, if your value isn’t clear and focused in addressing the pain points and challenges of your prospects, it’s sure to get lost — leaving your audience feeling unimpressed and disengaged.

To form a powerful value statement, start taking note of the problems you solve and the solutions you deliver for your clients, as well as the benefits your tech and team offer from start to finish. People want to hear about people helping other people — Tell your story and make sure it’s backed up with stats and real-world evidence.

 

2.    Calculate your total addressable market

Don’t let data be the bottleneck to reaching your prospects. Define your target audience, create personas, then build and enrich the data to ensure your FinTech’s marketing efforts reach the contacts you want to engage.

Although at times this step can seem like a gruelling manual task, skipping it will only serve to limit your outreach, leaving you missing out on contacting key influencers and decision makers that may need your firm’s offering. Invest in the time and tools necessary to keep your database up to date and give you room to expand on markets where you’re a little thin on the ground.

 

3.    Embrace the power of content

Yes, content is still king. People don’t buy what you’re selling straight away — they like to browse, research, read a few blogs, or watch a few videos. They want to know that 30-minute call you’re asking for is going to be worth their time, so make it clear what you’re all about. Sharing content that illustrates your employees’ talent, your company’s timely offering and positive testimonials from happy clients can show prospects what they’ve been missing. Their personal data is precious, and they won’t give their email address away for nothing!

Use your data insights and audience personas to brainstorm topics relevant to your prospects’ interests and pain points, then discuss with your subject matter experts from across the business. Each piece of content should have a clear goal in mind.

 

Explore more FinTech marketing tips

These three tips are just the tip of the iceberg to transforming your marketing. If you want to dive in deeper and learn how to fully adopt agile marketing at your FinTech, find out more and get in touch. With a decade of experience in the world of FinTech, we understand what it takes to meet your business goals through stand-out marketing campaigns and projects.

 

Natalie Burrows is a driven agile marketing manager with a flare for FinTech and large corporate projects. With 8 years’ experience working in FinTech and Financial Services, she’s focussed on breaking the mould with new ideas and driving business outcomes.

Natalie Burrows3 ways to inject agility in FinTech marketing
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Driving leads with agile marketing

CMO point of view: Testing agile marketing to drive results

“Those who can best manage change will survive.”

Whether you attribute this paraphrased statement to Charles Darwin or someone else, it’s as relevant today as it’s ever been – particularly for Chief Marketing Officers and senior marketers.

To see why, just look around at unparalleled disruption from Brexit, Covid-19 and environmental factors such as climate change, combined with the pace of digital transformation. Technology and data are the catalyst for keeping pace and adapting. For those of us in the business of marketing technology and the products and services that surround it, campaigns have to be just as fast (and agile) to yield sustainable success.

I know it’s easy to say (or write) that CMOs need to leverage agility at pace. But we all know it’s not that easy to incorporate agility and run effective brand building and integrated campaigns. Sometimes it’s down to not having the right tools, not having the time to research what your competitors are up to, or how to change an internal culture used to waterfall ways of working.

Agile is no longer part of start-up thinking — but it’s being adopted by some of the biggest global players

Transforming all this takes time, and that’s a commodity few CMOs have these days. If this all sounds familiar to you, involving external experts (such as Bright), who specialise in agile marketing, can help you work out the best way to approach embedding new ways of working into your team and the wider organisation without impacting the day-to-day marketing tasks you still have to deliver on throughout transformation.

Getting started with agile marketing

Injecting agile might sound simple, but it involves a change of mindset in your team culture, new processes and sometimes tools or tech. If you don’t have the right skills in your team today, then seeking outside support accelerates that change, minimises risk and avoids the common issues that could undermine the transition. Use a Proof of Concept to research, test and learn what would work best for your organisation and team to start the journey, maintain momentum and embed the right model.

Fintech company injects agility to drive better marketing results

To give you a better idea of this all works, we’ve broken down the true story of how a CMO from a Fintech software and services company championed agile marketing transformation.

Specialising in providing real-time transaction control and enterprise integrity solutions, their sales cycle usually falls somewhere between six and nine months. However, they wanted to accelerate results over a three-month period, and with target accounts in the US and UK, they needed to drive results in both of these territories.

With all this in mind, the CMO wanted to understand if an agile marketing approach was the way to go. Our team needed to prove that it would help the organisation achieve the following:

1. Become more results focused

The agile method of testing, learning and iterating would let the team take more risks, try new approaches and know early-on if their efforts were working.

2. Achieve rapid time to market
‘Sprints’ had helped them get their software to market faster, so they wanted to apply the same approach to their marketing strategies.

[Marketing strategies] need to be scientific. CMOs need to set hypotheses and learn and optimise from every experiment – Zoe Merchant, MD at Bright

3. Become more adaptable
Knowing that software succeeds only when it’s been developed iteratively with a Proof of Concept (PoC), a Minimum Viable Product (MVP) or prototype, they wanted the same iterative approach when going to market to cover the expected, and unexpected, over the three-month campaign.

4. Make data-driven decisions
The marketing team needed a steady source of data to quickly understand their performance and validate and share what they were doing.

The end game: 12 high quality opportunities in 12 weeks

On top of these results, the Fintech firm gained a framework that they can use to scale as they grow and build more campaigns. Alongside the results, this is a major value-add from the journey.

The client can now execute ideas, understand their needs, and meet expectations much faster. They get continuous feedback from marketing, sales, and their data, helping them align their teams with results and insight. What’s more, they now feel free to experiment with less risk, and confident that marketing with agility and pace will support their future business goals.

Lydia KirbyDriving leads with agile marketing
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Getting started with agile marketing

Agile Hubs are your key to unlocking integrated, sustainable marketing transformation

Digital transformation has been in the spotlight for nearly a decade and it remains well entrenched in the average business agenda today. But what about your marketing? How can it adapt to keep up with a changing business whilst meeting market demands?

There’s no doubt that organisation-wide transformation takes time, but marketing often seems to be preoccupied with business as usual or last on the list. Perhaps that’s because there are multiple forces at work in marketing that you’d have to bring into the transformation process. These typically include driving efficiencies, controlling costs, developing insight to drive continual improvement, and making effective use of emerging technology whilst improving your customer experience. And, whilst you make changes to your ways of working, you still need your marketing to demonstrate ROI, realise value in the short term and meet your business goals – smooth marketing transformation is therefore vital to the business as a whole.

It’s a lot to manage, think about and plan for all at once. So, where do you start? It is possible to transform your marketing to drive results that support your business goals, all whilst maintaining activity, but it’s a complex process. Having worked with many companies who are embarking on change, we know how important it is to approach this in a systematic, yet adaptable way – through testing, learning and building on success.

Driving results whilst changing at pace

Introducing Agile Marketing Hubs – your personal resource of marketing expertise and innovation. It’s where your in-house team, suppliers and specialists come together to work as one, strong, fully blended team of experts to effectively embed agile ways of working into your culture and operations.

Through hands-on experience in agile delivery of your marketing content, you’ll see greater productivity, energy and collaboration in your marketing team. Agile hubs are the answer to complex marketing transformation and a proven alternative to restrictive traditional techniques or reactive, ad-hoc and unstructured ways of working.

Demonstrating the value of your marketing

As you continue to work in an agile way, continually learning, building and improving, your team will begin to naturally work together more efficiently and effectively. You’ll also enable more cross-collaboration between different stakeholders and teams in the business – encouraging valuable knowledge-sharing and proving the power of your marketing to drive business goals.

Our tech and consulting clients in high growth and large enterprises have all reported seeing the following benefits from adopting an Agile Marketing Hub:

    Faster time to market   Data-driven decision making
 Proving marketing ROI at pace    Productivity and up-skilling
   Clear KP and objective setting Scalable agility and innovation

 

In our recent survey, 75% of those who have been practicing agile marketing for more than a year had a better understanding of the power and impact of their marketing. It’s clear that these benefits increase exponentially with prolonged practice of an agile approach.

Fired up to ignite agility in your marketing?

As your company undergoes digital transformation or needs to rapidly adapt in uncertain times, your marketing needs to keep pace with the market and maintain daily operations. This is a complex challenge that requires time and resources as well as constant support from business leaders and marketing experts.  Many struggle to get started and simply lack the tools, support or know-how to embed agile ways of working into their marketing.

With Bright’s Agile Marketing Hubs, you can ignite agility and ensure seamless, integrated and sustainable marketing transformation – with the tools, tactics and concepts you need to drive better results and meet business goals.

Ready to get started? Get in touch to set up an Agile Hub for your marketing today.

Download our report on the Future of B2B marketing to find out the latest insights in B2B marketing and how agile plays a role in transforming the future of marketing.

Sian HeaphyGetting started with agile marketing
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What is Agile Marketing?

It’s not just a buzzword – defining what agile marketing is, what it means for B2B and why it works.

This is the era of Agile. The ascendancy of experimentation and strategic thinking. The reign of data-driven insights. No matter your industry, everyone seems to be ‘going Agile’. Truth is, following the tech and internet revolution and the rise of Silicon Valley, every industry has had to shift to a more tech and data-driven mindset. And marketers are no different, what with our constant need to be customer centric at the forefront of market change.

But what does it actually mean to be agile in the B2B marketing industry? How do you apply an agile approach to your marketing? Most importantly, why would you leave your proven, traditional marketing techniques behind for new ways of working?

Breaking it down

To put it simply, agile marketing is exactly what it sounds like – the application of agile methodology across your marketing. However, that doesn’t give us enough to apply it effectively. In fact, you need to consider your organisational goals and how to drive the change in behaviour that’s needed for embedding a new way of working with your people, process and technology. Agile has a lot of its own lingo, so let’s take a deeper look at the key terms you’ve probably come across, and how they all work together to form an agile marketing approach.

The Basics

Agile Methodology

In 2001, visionary software developers wrote the Agile Manifesto, highlighting the vital importance of discovery and experimentation in software development. To help others build better, more customer-centric products, they detailed the need for “Individuals and interactions over processes and tools, working software over comprehensive documentation, customer collaboration over contract negotiation and responding to change over following a plan.”

Agile ways of working

Adopting an agile mindset demands redefining your marketing operational model. Where traditional marketing is restrictive, agile emphasises the freedom to be daring in your concept creation and tactics. Rather than spending months planning a solid campaign strategy, an agile marketing team takes a minimum viable approach to take an idea to market as fast as possible in order to test it with the target audience. This of course requires greater collaboration and more effective communication across teams. Don’t worry though, the hard work pays off in the end – with a noticeable boost in efficiency and productivity.

Data vs. insights

We could write an entire book on the importance of being data driven. In short, there’s a clear difference between simply gathering data about your target audience and using that data to your advantage. The most important aspect of an agile marketing approach is to turn your data into actionable insights – really dig deep into who your audience is and what solution they need, to help you build marketing strategies that make an impact.

 Sprints

Having adopted agile ways of working, your marketing team will start running campaigns in short bursts – usually within two or three-week intervals called ‘Sprints’. In Sprint 0, you’ll set up data tools to continually gather insights, and create content needed for the campaign. In Sprint 1, you’ll send it all out and test it with a specific section of your audience – say, your followers on LinkedIn. Then, in Sprint 2, you’ll take what you learnt in Sprint 1, iterate, and test again. And so on and so forth.

The Process

Test

So, how do you test, learn and iterate the agile way? By taking your concept to market as fast as possible, you’ll gain valuable time for measuring its effectiveness with your target audience. Did anyone click on your ad? How many responded to your emails? Did you receive any negative feedback about your content or design?

Retrospective

At the end of each sprint, you’ll take a hard look at those actionable insights. Taking note of what worked best with your audience and what failed to impress will help you gain a better understanding of your customers’ needs and what you need to do to reach them in the next Sprint.

Iterate

If you’ve learnt that your concept is working – great! Keep going and expand it to a wider audience. If it isn’t, change it up with a new image, subject line, USP, etc. In this iteration phase, you’ll make all improvements needed to get the results you want in the next Sprint.

This is an infinite cycle of continual testing, learning and improving that you can use throughout your campaigns and projects.

The Benefits

Agility

It’s clear that an agile marketing team is more efficient, effective and empowered. With an agile mindset, your marketing team will work more collaboratively to produce and experiment with new ideas that are more daring and innovative. What’s more, they’ll gain the skills to spring into action when needed, ready to adapt their campaigns and strategies accordingly.

 Keeping Pace

Injecting agility into your marketing, is the key to keeping pace – or keeping up- with constant change in the market and the ever-changing demands of your customers. Without a doubt, this is one of the best benefits to adopting an agile marketing approach – the ability to accurately identify and take advantage of opportunities in the market for business growth and brand development.

Fit for purpose

With an agile marketing approach, you’ll see better results and improved performance. What’s more, it’ll become fit for purpose – perfectly aligned with your business goals.

The Future is Agile

There you have it, a clear breakdown of what it means for B2B marketing to be agile. As our world continues to become more digital and tech-focused, the agile approach will continue to evolve with the market, steadily gaining momentum in its influence.  Adopting agile marketing and data-driven ways of working will become essential to success in B2B marketing.

Want to learn more? Check back next week for detailed look on Getting Started with Agile Marketing!

 

 

Charlotte FellowsWhat is Agile Marketing?
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