Outsourcing Marketing for Financial Services Agencies
The age of outsourced marketing has drastically changed before our very eyes. It used to be dependent on referrals and word of mouth. Now, the world relies on the internet. Millennials and GenZ have grown up with the ease of internet access, having the answers at their fingertips in an instant. As a result, it has changed the way we have to market ourselves and our businesses. Therefore, it begs the question of what you should do as a decision-maker for your company? Might it be best to outsource your marketing or not?
Experts in Marketing
Outsourcing has become an integral part of business management. The demand for outsourced marketing has increased in response to the ongoing boom of technological advancements in marketing. Most companies do not have the ability to keep up with the ever-changing technology that marketing experts are already racing one another to master. Furthermore, marketing strategies are not as simple as 1, 2, 3 anymore. There are endless different strategies for marketing financial services and other businesses. As a result, more and more companies are turning to outsourced marketing agencies to either fill in gaps or take full control of their marketing strategy.
As of 2019, 34% of small businesses outsourced their digital marketing needs. This is especially common for professional services companies. Though most companies already have an in-house marketing team, certain aspects of your marketing strategy may benefit from being outsourced. Most website design, organic content creation, and blog post-development are typically outsourced. This is simply because it’s challenging for most companies to employ in-house experts for each unique specialty needed.
Some companies do not have an in-house marketing team at all and decide to entirely outsource all of their marketing needs. This requires putting additional trust in the hands of your marketing agency, as they would be the ones coming up with strategies, implementing them, and reporting on the outcomes.
So why should your financial services agency outsource your marketing? Let’s cut to the chase and start by saying as we mentioned above, technology in the marketing industry is ever-changing and your company is not an expert in this field. Your company should be focusing on what you do best and allowing marketers to focus on what we do best. To wrap up, here are five reasons companies like yours outsource their marketing.
Professional services companies can only dedicate so many hours to marketing but still want to improve the quality and consistency of their marketing efforts.
Outsourced marketing allows your company to free-up billable time for your employees to better serve their own clients.
Outsourcing certain aspects of your marketing strategy, such as content creation, is a better investment, allowing your full-time employees to invest their time elsewhere.
Outsourcing to a reputable partner also provides your company with access to marketing experts in various specialties.
Lastly, outsourced marketing gives your team a break and brings in new, fresh, innovative ideas to move the needle towards success and growth.
Finally, if you aren’t already using outsourced marketing resources, you may want to consider a change in the near future. As you hone in on your decision, use these points to help guide you and as always, reach out to us if you have any questions or are ready to dive into outsourcing your marketing!