Uploaded on Aug 29, 2022
Here are the top five challenges faced by financial content writing experts for finance and banking industries and how to overcome them.
Top 5 Financial Content Writing Challenges and How to Overcome Them
Top 5 Financial Content
Writing Challenges and
How to Overcome Them
https://goodmanlantern.com/
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Finance, banking, and insurance are tricky industries to write for. These are
competitive fields with complex products and services that can evidently be
difficult to market to the right target audience. They serve a diverse customer
base with varied segments – each with its own needs and preferences.
So, the bad news: Content writing and marketing in finance has tough
challenges. The good news: As experienced content writers for finance, we
have the solutions to those challenges.
This blog looks at the top five financial content writing challenges companies
face and the solutions to overcome them.
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What Is Content
Writing in Finance?
Financial content writing
is a diverse field. It
includes everything from
ad copy for new tax
services to whitepapers
on angel investing.
Company websites use
landing pages, blogs,
and articles along with
SEO techniques. They
produce emails,
newsletters, guides, and
handbooks, as well as
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social media content.
Content writers for finance topics aim to
engage and educate the target audience through their writing. Thus, high-
quality content writing services generate leads, improve brand awareness, and
increase sales and revenue. The overarching goal is to build a credible
relationship with the audience and also position the company as a thought
leader in the field. This makes high-quality writing an influential aspect of
financial services marketing.
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What Are the Challenges of Financial
Content Writing?
1. Strict Rules and Regulations
The financial services industry has a lot of rules and regulations, which
extend to its marketing and advertising as well. Failure to follow these can
lead to lawsuits, fines, or damage to the brand’s reputation. This limits how a
company can market its product and also present information.
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To deal with this, many
content writers for
finance companies
particularly stick to safe
and traditional
marketing methods.
While this is a cautious
step, it curtails creativity.
The challenge is to work
with market barriers and
find innovative solutions
within the limitations.
Brands must produce
unique, original copy 6
that stands out from that
of their competitors.
2. Consistent Messaging
A finance business often has many verticals, products, and target audiences. To do
justice to all the services and audience segments, the brand chiefly needs an
omnichannel marketing strategy. This involves using multiple formats, mediums,
and channels. Here, content writers for finance companies specifically face the
challenge of delivering a consistent message.
Maintaining coherence across elements of a financial content writing campaign is
vital. An inconsistent message can confuse customers, weaken your campaign,
and lead to poor results. Brands and financial content writers pour a lot of time,
resources, and effort into marketing. Thus, they must strive to create an
integrated strategy with clear objectives and flawless execution.
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3. Commoditisation of Financial Products
Commoditisation is the process by which certain products are viewed as
interchangeable with that of a competitor. For instance, high-speed internet was
once a novel product that only a few companies offered. They were easily
distinguishable based on the quality of their service. But as more internet
providers entered the market, all services began to look the same. The only
differentiating factor was the cost.
A similar phenomenon occurs in the finance industry. Products such as personal
loans, insurance services, and mortgages are seen as commodities. Here, content
writers for finance need to find creative ways to differentiate the product from its
competition.
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4. Heavy Competition
The finance industry faces a lot of competition. There is a lot of disruption in the
market, which accordingly affects the marketing and content writing for financial
products. Brands need to invest significant resources in staying relevant in a fast-
paced, crowded space.
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5. Lack of Customer Trust
Most financial products and services require customers to invest money. Be it
credit cards or mutual funds; consumers need to trust the company before using
their product or services. However, only 28% of individuals believe that banks
care about their long-term financial success. This makes them wary of using new
products. This is a significant hurdle that financial content writing needs to
overcome.
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What Are the
Solutions?
Every challenge in
financial content writing
allows us to turn it into a
competitive advantage.
Therefore, as content
writers for the finance
industry, we constantly
revise our solutions to
stay relevant.
Here are our top three
tips.
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1. Build an Integrated and Personalised
Strategy
To solve inconsistency in messaging, firstly, devote time to creating an integrated
strategy. Figure out the top points of information you would want your target
audience to know. Then, generate financial content writing around these points.
This will ensure that the target audience leaves with a clear impression of your
brand and expertise.
Secondly, segment your audiences to understand them better and tailor your
strategy to suit their preferences. When it comes to distribution, stagger different
formats. This helps customers receive personalised information at different steps
of their journey. This can strategically nudge them towards conversion.
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2. Lean Into Creative Solutions
To combat commoditisation, lean into narratives that are unique to your brand and
target audience. Content writers for finance companies can place themselves in
the shoes of the customer and craft copy accordingly. They must use their writing
to show the value a financial product or service can bring to the customer’s life.
Storytelling techniques create a memorable impression and also help your brand
stand apart from your competitors.
Get creative with your financial content writing and use social media, podcasts,
brochures, and eBooks to further your message.
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3. Hire
Professional
Content Writing
Services
Professional content writers
for finance have the time,
expertise, and also
resources to generate high-
quality copy. They can
bridge the gap between
your brand and your target
audience. Outsourcing your
marketing not only saves
you time and effort but also
helps you overcome other
nuanced marketing
challenges that come your
way.
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Goodman Lantern offers a
wide range of high-quality
financial content writing
services
. Book a discovery call
today!
THANK
YOU!
Goodman
Lantern
Phone: Email: Website:
+1 9292993999 [email protected] https://goodmanlantern.c
om om/
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