5 Introductory Points to Social Media for Brokers
In this article, I look at the phenomenon of Social Media. These points are worth considering by brokers who haven’t as yet ventured into this new world and indeed are useful reminders for those of us who have!
1. It’s a conversation, not a presentation
Social media is very different to your website – compare both to a client seminar. Your website is like your presentation – this is your opportunity for you to showcase your brokerage and products to the audience, it’s your sales pitch. Social Media however is the days before the seminar, the morning of it, the coffee break and after it’s all over! Social media is your tool to attract both existing and potential clients to attend, to converse with them about your content and then to follow-up afterwards with the key points from your sales pitch! It then offers you the opportunity to stay on their radar as they potentially consider other financial decisions in the future.
Social Media is growing, very rapidly. It’s not going to go away!
2. Which Social Media platform is right for you?
I’ll consider the 3 main platforms. Facebook, which now tops Google for weekly traffic, originally started out as a platform for friends and family to share photos, stories and gossip! But now businesses see the opportunity to both advertise to and engage with potential customers on Facebook because of the huge numbers spending significant amounts of time on it! There are not many examples as yet of brokers gaining great leverage from Facebook. However some are bravely trying and good luck to them!
LinkedIn is really a must for brokers now. Think of it as Facebook for professionals at work. LinkedIn offers you the opportunity to network, meet potential customers, interact regularly with existing customers and remind all of them why they are glad that they know you! LinkedIn offers you the opportunity to share useful information with a wide group of people that you want to transact business with. Talk to someone who knows what they’re doing and start building your personal online profile!
Twitter is a medium that allows you send messages of up to 140 characters only. However this can include links to your website, video, blog of other interesting online content. It’s very quick and easy to use. It is definitely worth considering but not as critical as LinkedIn for brokers at this stage. Some of your peers are tweeting (sending messages) very effectively already!
3. Should you get rid of your website in favour of Social Media?
Definitely not! Social Media will help you to engage your customers, to want them to learn more about you as a broker and the products you sell. However to find out this information, they are likely to look at your website. This then becomes your opportunity to really draw them in and to encourage them to pick up the phone to talk to you about their pension, investment or insurance product. Now you’ve got to make sure that the content on your website is 100% up to date and displaying the sales messages that will ensure the customer picks up the phone to meet you!
4. Are there any pitfalls?
Yes there are. Remember what goes online, stay online – forever! So don’t update your LinkedIn status at 2am after a long night in the pub! Once you send out an update, you can’t take it back….. Also LinkedIn is for networking with other professionals. If you start using it to chat with friends and arrange social events, the people in your network will get tired of getting updates from you. They may go as far as to block any further updates from you. Now you’re just doing yourself damage by effectively pushing clients away from you. You wouldn’t do it offline, so don’t do it online!
5. So, where should you start?
I suggest you start with LinkedIn and take it slowly. Get some assistance to develop your LinkedIn profile to a point that you are really proud of it. Get very clear about your objectives and how you will achieve them through making connections with people and then communicating with them. Some LinkedIn users have lots of connections but never converse with them. That’s like having a very full address book but never contacting anyone…..Then start making connections with people. At this stage it is best to sit back and see what others are doing. This will give you a sense of how some people are using LinkedIn effectively. Once you decide to join the conversation, commit to it and like a normal conversation, the more interesting you are, the better! Once you get comfortable, you’ll enjoy it. Best of luck!