Denim Social Acquires VidVerify, Insight CRM to Expand Social Media Marketing Solution
ST. LOUIS (Sept. 19, 2018) — Denim Social, a social media marketing solution featuring the only American Bankers Association-endorsed compliance tools, recently acquired two companies as part of its strategic expansion: VidVerify, a video-based communication platform for mortgage lenders, and Insight CRM, a SaaS solution for social media management.
By integrating VidVerify and Insight CRM into its existing capabilities, Denim Social will bolster its product offering for its 260-plus financial services clients who use the platform every day to compliantly distribute social content on behalf of their brands, branches, and employees. Doug Wilber, a fintech industry veteran, will join the company as Denim Social’s new CEO, while Ben April, CEO of VidVerify, will step into the role of chief operating officer. Josh Dennis, founder and CEO of Insight CRM, will join as the company’s first-ever chief technical officer.
“This is a growth story,” Wilber said. “This is about three industry-leading platforms joining forces to become the best-in-class social media marketing suite for companies in regulated industries. These new partnerships and our new executive team give us the ability to dive more deeply into all sectors within the financial services industry, better serve our customers, and position us well for rapid growth.”
Denim Social was founded in St. Louis in 2011. In October 2015, Denim was endorsed by the ABA as the recommended platform for social media marketing, monitoring, and compliance for all ABA member banks. VidVerify was founded in St. Louis in 2010, and Insight CRM was founded in Birmingham, Alabama, in 2011.
As part of its overall growth strategy, Denim Social will leverage the acquisitions to expand the company’s scheduling, management, monitoring, and compliance tools for companies in all regulated industries and across all social media platforms. It’s also quickly securing its position as a robust sales enablement platform, offering financial institutions the ability to personalize and distribute content that engages with customers in a way that makes the institutions true thought leaders in the community. In the past year, Denim Social has increased revenue by 65 percent.
“Through our new partnership, we’ll be able to offer an easier-to-use, more comprehensive product for clients in compliance-heavy industries that might think they can’t use social media effectively,” said April. “Our platform can be a key differentiator for organizations in these industries. We’re excited to explore all the potential opportunities the company has now.”
For press inquiries or more information on Denim Social’s recent acquisitions, contact CEO Doug Wilber at info@denimsocial.com.
Denim Social Acquires VidVerify, Insight CRM to Expand Social Media Marketing Solution
ST. LOUIS (Sept. 19, 2018) — Denim Social, a social media marketing solution featuring the only American Bankers Association-endorsed compliance tools, recently acquired two companies as part of its strategic expansion: VidVerify, a video-based communication platform for mortgage lenders, and Insight CRM, a SaaS solution for social media management.
By integrating VidVerify and Insight CRM into its existing capabilities, Denim Social will bolster its product offering for its 260-plus financial services clients who use the platform every day to compliantly distribute social content on behalf of their brands, branches, and employees. Doug Wilber, a fintech industry veteran, will join the company as Denim Social’s new CEO, while Ben April, CEO of VidVerify, will step into the role of chief operating officer. Josh Dennis, founder and CEO of Insight CRM, will join as the company’s first-ever chief technical officer.
“This is a growth story,” Wilber said. “This is about three industry-leading platforms joining forces to become the best-in-class social media marketing suite for companies in regulated industries. These new partnerships and our new executive team give us the ability to dive more deeply into all sectors within the financial services industry, better serve our customers, and position us well for rapid growth.”
Denim Social was founded in St. Louis in 2011. In October 2015, Denim was endorsed by the ABA as the recommended platform for social media marketing, monitoring, and compliance for all ABA member banks. VidVerify was founded in St. Louis in 2010, and Insight CRM was founded in Birmingham, Alabama, in 2011.
As part of its overall growth strategy, Denim Social will leverage the acquisitions to expand the company’s scheduling, management, monitoring, and compliance tools for companies in all regulated industries and across all social media platforms. It’s also quickly securing its position as a robust sales enablement platform, offering financial institutions the ability to personalize and distribute content that engages with customers in a way that makes the institutions true thought leaders in the community. In the past year, Denim Social has increased revenue by 65 percent.
“Through our new partnership, we’ll be able to offer an easier-to-use, more comprehensive product for clients in compliance-heavy industries that might think they can’t use social media effectively,” said April. “Our platform can be a key differentiator for organizations in these industries. We’re excited to explore all the potential opportunities the company has now.”
For press inquiries or more information on Denim Social’s recent acquisitions, contact CEO Doug Wilber at info@denimsocial.com.
Make the most of your social media presence by optimizing your images and including essential information about your business on each platform. By giving your customers an optimal digital experience, you will be able to broaden your reach and provide better customer service through your digital platforms.
IMAGE SIZING:
Profile picture: 170 x 170px (desktop), 128 x 128px (smartphones)
Cover photo: 820 x 312px (desktop), 640 x 360px (smartphones)
Keep the main content of your image centered. On a desktop the photo will display as 840x312px, but on mobile will size down to 640x360px.
Facebook post image: 1200 x 630px
The ideal width for a Facebook post image is 1200px, but height can vary based on what type of device the image display is optimized for. We recommend keeping it at the recommended size to keep consistency on all devices.
When creating a Facebook Ad graphic, any text should not take up more than 20% of the photo. You can find a cheat sheet here: https://www.facebook.com/ads/tools/text_overlay.
Facebook Video: 1280 x 720px
The optimal length for a short-form video on Facebook is 15 seconds to 1 minute; for a long-form video, it is 3 minutes. The maximum file size is 10GB.
Facebook Link Image: 1200 x 630px
Make sure to claim ownership of your links for the ability to change the link preview photo. You can find more info on that here: https://www.facebook.com/business/help/528858287471922?id=708699556338610.
Carousel Post: 1080 x 1080px
Carousel posts are a great way to display multiple services or features that you offer to your customers. When placing a Facebook ad you can link each carousel photo to a different link, making it easy for people to navigate to your specific products.
Facebook Story: 1080 x 1920px
Make the most of your stories by using all of your space and creating a fullscreen experience.
IMPORTANT PAGE INFORMATION:
Page name:
This is where you can name your Facebook Page, but be sure to keep it shorter than 75 characters.
Page username:
Customize your page URL by adding a username, making it easier for people to locate and navigate people from other digital platforms. Your Facebook URL can include up to 50 characters.
Page call to action:
Facebook gives you a variety of choices on calls to action. For example, if you’d like customers to contact you by email, you can set up a “Send Email” button with your email address connected and ready to go.
IMAGE SIZING:
Profile picture: 400 x 400px
Upload your business logo here to personalize your profile. If this page is for an individual, this is where you will upload their headshot.
Cover Photo: 1584 x 396px
Having a personalized business cover photo will make your profile look more professional and give you the opportunity to provide page visitors with more of the look and feel of your business. This can include an image related to your business or a graphic with information on services you provide or your business slogan.
LinkedIn post photo: 1200 x 628px (mobile), 1200 x 1200px (desktop)
When targeting an audience on both desktop and mobile, make sure that you optimize for mobile to give people the best experience.
LinkedIn Link Photo: 1200 x 628px (mobile), 1200 x 1200px (desktop)
Providing an image with your link preview can help give viewers a better idea of article content and also communicate your brand look and feel.
LinkedIn Link Video: 4096 x 2304px maximum, 256 x 144 pixels minimum
The optimal video length for LinkedIn is 30-90 seconds and the maximum file size is 5GB.
IMPORTANT PAGE INFORMATION
Page name:
This is where your business name is located, as well as your company industry, location, and number of followers.
Page description:
Add your business slogan, mission, or a short description that tells people what your company, products, and services can do for them.
IMAGE SIZING
Profile picture: 400 x 400px
Upload your business logo or headshot to personalize your profile.
Cover photo: 1500 x 500px
Be sure to center your content to give your followers an optimized experience on mobile.
Twitter post photo: 1200 x 675px
Allow your followers to see the entirety of the photo in their feed by adhering to this sizing guideline. The maximum file size is 5MB.
Twitter video: 1280 x 720px (desktop, recommended), 720 x 720px (mobile)
The optimal video length for Twitter is 20-45 seconds and the maximum file size is 512MB.
IMPORTANT PAGE INFORMATION
Underneath your profile photo, your company name and username will be displayed.
Write a short bio to tell people more about your business.
IMAGE SIZING
Profile photo: 110 x 110px
Your profile picture will be small, so be sure your image is sized correctly and centered. This is a great place for your company logo.
Profile thumbnail: Displays as 161 x 161px
This is a preview of your large image post, but looks best when the photo posted is square.
Highlight Cover: 1080 x 1920px
Your cover photos should have centered images to give your highlight reel a balanced look. You can also name your highlights, but be concise as they can only be 15 characters long.
Instagram Feed Photo: 1080 x 1080px (square), 1080 x 1350 (portrait), 1080 x 566 (landscape)
The recommended width for all Instagram feed photos is 1080px, but the height can vary. To optimize for your feed display within your profile, we recommend using the sizing listed above to keep your image square.
Instagram Feed Video: 1080 x 1080px (square), 1080 x 1350 (portrait), 1080 x 566 (landscape)
The optimal length for an Instagram video is 30-60 seconds and the max file size is 650MB.
Instagram Feed Ad Photo: 1080 x 1080px
Your ad photo will display the same as a normal feed photo, but with a link attached. When creating an ad in Ads Manager, you’ll be able to upload a separate photo for Instagram to keep your photos optimized for the user experience.
Instagram Story: 1080 x 1920px (portrait), 1080 x 601 (landscape)
Make the most of your stories by using all of your space and creating a fullscreen experience. The maximum length of the story is 15 seconds.
Instagram Reels & Live: 1080 x 1920px
Reels can be used to offer tutorials, demos, or service features. These will be saved under your profile page for viewers to go back and watch at their leisure. The maximum length for Reels is 30 seconds. For Live, this can be used for announcements, events, or other Q&A sessions. These can also be saved for later viewing, and can last up to 4 hours.
I was beyond excited to attend Adweek’s Social Media Week in New York City this week with some of my Denim Social teammates. Social Media Week is one of the world’s premier conferences covering the most up-and-coming trends and topics in the social media industry, and includes workshops on creating content, paid social advertising, and how to thrive in an ever-connected era from industry leaders. The team and I were excited to learn about the latest trends and best practices to bring it back to our customers in the financial services industry.
Some of the latest social trends can feel unreachable within a regulated industry but there was a clear theme from all thought leaders that unified everything we heard: authenticity.
Authenticity will always resonate and it’s what audiences are craving in our overly-curated world. The pandemic taught us to focus on what matters most and consumers are expecting to see what matters most to them in their social feeds.
So what does that mean for financial services? It’s simple. The same authenticity that financial services professionals have used to build relationships and trust with customers over the years is the same authenticity that will resonate on social media. Regulations can make social seem hard to conquer but if you show up as yourself, the trusted professional you already are, your social presence will become a natural extension of you and your business.
Beyond authenticity, here are a few other key takeaways from our time at Social Media Week:
- Find the platform mix that works for you; if your customers aren’t on a particular social platform, you don’t need to include those platforms in your mix
- Listen to what is resonating with your social audiences and consistently weave that into the content you’re sharing.
- Content should be differentiated across social platforms but your core message should stay consistent; even though content might look different from LinkedIn to Instagram, your message should stay the same.
- Attention spans have drastically decreased over the last 15 years (from 11 seconds to 2.5); let this drive what you say on social to keep your audience’s attention, make it matter!
- People trust people over brands; empower your localized sales forces (agents, advisors, loan officers, etc.) to be active on social and help them weave it into their everyday processes.
As we move forward in an age of technology, Denim Social is here to support financial institutions as they navigate all the new ways to reach customers and connect with them on a personal level. While the multitude of avenues for networking can seem overwhelming, it actually just means that there are more opportunities than ever for your business to provide value to meet your customers wherever they are. Keep following along with us for more social media news updates and insights on Instagram and LinkedIn.
Temps are soon to be on the rise, and so are interest rates. Combined with a hopeful end to the pandemic, the spring 2022 real estate market is hotter than ever. Mortgage loan officers are reaping the rewards of the fast-moving market, but they’re also seeing fierce competition.
So how does a loan officer stand out and catch the attention of homebuyers? Social media is the answer. Social media has already become an essential part of the mortgage lending business and consumers expect technology to be part of the homebuying process too.
Now is the time for financial institutions to unlock the power of loan officers on social media. Here’s where to start:
- ACTIVATE LOAN OFFICERS ON SOCIAL MEDIA. Social is all about human connections and audiences pay more attention to individual people on social media than to brands. That’s why a social selling approach, in which individual loan officers share branded messages on their own social media profiles, is essential. Marketers might bristle at the idea of loan officers posting, but the right tools can keep individual postings on strategy, on brand and in compliance.
- DRIVE INTEREST WITH PAID SOCIAL MEDIA. We all remember the early days of social media when good organic content was all it took to breakthrough, but the platforms and algorithms have changed -- and your strategy should too. Luckily social media advertising is low budget and high return. Whether it’s proximity-based ads or amplifying posts from your loan officers, paid advertising can ensure your content is served to the right people at the right time.
- USE CONTENT TO EDUCATE AND ENGAGE. Your institution’s content is an opportunity for your loan officers to establish trust through social media. Arm them with articles, guidebooks, blog posts, and more to help educate audiences on the unique opportunities in today’s market and how they can save a lot of money.
- DRIVE CONVERSIONS WITH A POST-CLICK EXPERIENCE. Don’t create a digital dead end on social media. Instead, build landing pages on your website to correspond with each of your social campaigns and create forms to capture followers’ contact information in exchange for a download. This arms your loan officers with interested leads and the details they need to take the next step.
- MEASURE AND ANALYZE PERFORMANCE. Pay attention to how your content is performing. Make note of what grabs attention and engagement from your audience, and don't be afraid to change your content strategy based on what you observe. Give loan officers feedback on their network activity.
With these strategies social media can help your loan officers stand out and stay competitive. Overwhelmed? Tools from Denim Social can help mortgage marketers maximize efficiency and stay compliant.
Hashtag use is a debatable topic when it comes to posting and engaging on social media. Before 2007 the hashtag symbol was simply known as the “pound” or “number” symbol, but now by putting this symbol in front of words and short phrases in a social media post, they become a “hashtag” – which creates deeper meaning. Hashtags may seem arbitrary because of how widely they are used, but they can add a lot of value to your content strategy if you are intentional about where you use them. The many benefits of hashtags can include content awareness, community building, SEO influence, and more.
Content Strategy
Hashtags bring together content that has shared subject matter that otherwise may never be associated. This gives the reader the opportunity to view content that other people have created around a hashtag and use it to influence your strategy moving forward. For example: If you are interested in creating a social media campaign around “financial freedom,” searching the hashtag #financialfreedom will open the door for you to find questions people have, social posts that have been utilized with this topic, and what other businesses are saying. You may find that someone else has already done a similar social campaign, and it would make sense to change some of your content ideas to differentiate yourself in the market. Getting an understanding of how your content will fit into the conversation can help provide value and drive clicks back to your website.
Community Building
Are you hosting an event, wanting to create synergy between people, or looking for community input on a specific topic? A hashtag is a great way to group together information and conversations in one easily searchable place. By creating a hashtag unique to your project or event and promoting it for people to use, you’ll be able to find related posts in one feed. For example: you’re planning a mortgage conference and want people to be able to snap a photo of themselves in attendance, then post it to social media. By asking them to include a hashtag – including the name of your conference and year (#MidwestMortgageConference2020) –you’ll be able to see all of the posts from attendees in one place and potentially further connect with attendees in the future.
Is there a trending hashtag related to your business or community? Utilize this hashtag to join the conversation and bring recognition to content you are creating or already have published around a topic. With all posts relevant to a hashtag pulled into one feed, you can easily respond to others and create relationships based on shared interests or topics. For example: Mortgage rates are at an all time low and #homebuying is a trending topic on Twitter. As a mortgage business or loan officer this is a great opportunity to be a part of the conversation and offer insight into how you can bring value to potential homebuyers.
SEO Influence
LinkedIn had an important platform update that is now changing the game for hashtags related to SEO by including the first three hashtags in a published post within the URL. This improves where you show up in a Google search related to those topics, therefore driving traffic back to your post (and ultimately website!). Using hashtags can also bolster your content visibility as they essentially act as keywords on social media platforms. If someone searches for a hashtag and finds your content to be valuable, they may share it, potentially giving you more link clicks and improving visibility. It’s important that you use hashtags that are not only relevant to your content, but also likely to be found by people searching.
Best Practices
It’s important to remember that your post should consist of content that gives context to the hashtags you’re using. A post with only hashtags will likely be confusing and won’t offer any value to your followers. It’s also good to note that using more hashtags isn’t always advantageous. It’s in your best interest, too.
Remember that each social media platform handles hashtags differently:
- Twitter, the birthplace of the hashtag, continues to place value in their use and uses them to help you learn about what’s trending on their platform. Get involved in conversations happening on the platform around trending topics by including the hashtag in your post. Click on a hashtag to find a single feed of all posts that have recently added it to their post. Try not to use more than 2 hashtags per tweet.
- Instagram groups together posts that utilize the same hashtag in one image feed, showing you both recent and most popular posts. Using a hashtag on Instagram can help people discover your content and increase your following. It may also lead to content shares and profile visits, potentially increasing website traffic. On Instagram posts, feel free to use anywhere from 5 to 10 hashtags per post, and up to 10 in Stories.
- LinkedIn as stated above is now allowing you to boost your SEO when you use hashtags within their platform. Knowing what hashtags people are using and searching for commonly will give you an advantage in knowing what types of content to post. LinkedIn also turns hashtags into clickable links that allow you to see a single feed of posts using the same hashtags. For this network, keep hashtags professional and limit the use of them to 2 for each post.
- Using a hashtag on Facebook will provide viewers with a clickable link that takes them to more content they may be interested in. Facebook users are generally less likely to be searching for hashtags, but they still provide value in organizing content in one easy to find place. Facebook is also seeing its users shift to more private channels, and hashtags can be useful for grouping content by themes or topics. The optimal number of hashtags to use on Facebook? 1-2 per post.
Hashtags are not going anywhere anytime soon and can bring more depth to your social media posts when used correctly. You can start and participate in conversations, build community & event awareness, gain insight into content strategy, and improve your SEO all by adding the # in front of the keywords within your posts. With all of the benefits of hashtags, why not try including them in your next campaign strategy? Who knows, you just might end up trending!
For financial services marketers and salespeople, posting around the holidays is a no-brainer, but deciding what to share can be tricky. Whether you’re a loan officer, advisor, agent, or marketing pro, finding the right post or campaign that fits your brand, resonates with your audience, and isn’t boring is easier said than done.
We’re here to help. Check out our list of social media ideas to elevate your holiday posting strategy this year.
User Generated Content - Get People Talking
- Vote for your favorite - This idea works great for holiday movies and side dishes. Throw out a poll on your business page and share your thoughts in the comments as the results come in.
- Holiday Playlist - Create a post asking for holiday playlist ideas. Then create a public playlist on Spotify out of the suggestions and share it back with your audience. Share video of your team playing the playlist in branch or office location and tag the people who made the suggestion for the song that’s playing.
- Holiday recipes - Share your favorite recipe or ask for recipe recommendations for a holiday dish.
- Traditions - As a little twist on the holiday tradition question, try asking what unusual holiday traditions folks have in their families.
- NYE - What’s your New Year’s Resolution? As a financial institution or professional, consider asking what folks’ financial New Year’s Resolutions are for the upcoming year.
- Holiday Decorating - Share photos of holiday decor in the branch or office (or your own neighborhood) and ask the audience to pick a favorite.
Highlight Your Organization and Community
- #ThankfulThursday - As a twist on this common hashtag, every Thursday in November (and December if you like!) highlight an employee who makes a difference for your organization.
- #FestiveFridays - Use this hashtag to share images of holiday cheer happening around your organization. Pics of someone in a tacky sweater, holiday Zoom backgrounds, someone’s over the top desk decor and anything else you share are great human connection opportunities and a way to show your institution's culture in action.
- #SmallBusinessSaturday - Ask your audience what local businesses they’re going to support this very-special Saturday and encourage folks to give those businesses a shoutout by tagging them in their responses.
Focus On Giving Back
- Team up - If you don’t already have a local charity partner, team up with a local organization and promote ways to volunteer or contribute to the cause.
- #GivingTuesday - Promote how you or your organization are participating in Giving Tuesday and ask your audience how they’re participating in the day.
- Get competitive - Create two teams among your audience. Ideas include geography, sports team fans, or any other not-too-personal attribute. Create two separate fundraiser links for your charity and let the competition begin!
- Give your audience a say - Let your audience vote for which causes you support this year. (Tip: make it a 1st, 2nd, 3rd place so you can make a contribution to all of the orgs you promote.)
Holiday Hashtags Calendar
- Every Thursday in November: #ThankfulThursdays
- November 25th: #Thanksgiving, #Thanksgiving2021, #Thanksgivingdinner, #Thanksgivingtable
- November 26th: #BlackFriday, BlackFriday2021
- November 27th: #SmallBusinessSaturday, #SmallBusinessSaturday2021
- November 29th: #CyberMonday, #CyberMondayDeals, #CyberMonday2021
- November 30th: #GivingTuesday, #GivingTuesday2021
- Every Friday in December: #FestiveFridays
- December 31st: #NYE2021
And remember, the holidays are a time to include and welcome. Celebrate the holidays that are important to a wide variety of your community members. Gestures like a social post can go a long way to make people feel included. When choosing mages and post copy, consider whether messaging around a specific holiday or a more inclusive message makes sense for your brand.
Still looking for more great holiday ideas to build out your content calendar? Check out Denim Social's latest webinar:
When it comes to connecting with consumers all over the world, where should you turn? Social media. Denim Social CEO, Doug Wilber, joins Sue Woodard on the Fresh Takes by Total Expert podcast to shine a light on the power of social media and utilizing it to nurture customer relationships. Doug answers the million-dollar question, “How does your brand connect with consumers on social media?”
Connect & Convert on Social
Denim Social Acquires VidVerify, Insight CRM to Expand Social Media Marketing Solution
ST. LOUIS (Sept. 19, 2018) — Denim Social, a social media marketing solution featuring the only American Bankers Association-endorsed compliance tools, recently acquired two companies as part of its strategic expansion: VidVerify, a video-based communication platform for mortgage lenders, and Insight CRM, a SaaS solution for social media management.
By integrating VidVerify and Insight CRM into its existing capabilities, Denim Social will bolster its product offering for its 260-plus financial services clients who use the platform every day to compliantly distribute social content on behalf of their brands, branches, and employees. Doug Wilber, a fintech industry veteran, will join the company as Denim Social’s new CEO, while Ben April, CEO of VidVerify, will step into the role of chief operating officer. Josh Dennis, founder and CEO of Insight CRM, will join as the company’s first-ever chief technical officer.
“This is a growth story,” Wilber said. “This is about three industry-leading platforms joining forces to become the best-in-class social media marketing suite for companies in regulated industries. These new partnerships and our new executive team give us the ability to dive more deeply into all sectors within the financial services industry, better serve our customers, and position us well for rapid growth.”
Denim Social was founded in St. Louis in 2011. In October 2015, Denim was endorsed by the ABA as the recommended platform for social media marketing, monitoring, and compliance for all ABA member banks. VidVerify was founded in St. Louis in 2010, and Insight CRM was founded in Birmingham, Alabama, in 2011.
As part of its overall growth strategy, Denim Social will leverage the acquisitions to expand the company’s scheduling, management, monitoring, and compliance tools for companies in all regulated industries and across all social media platforms. It’s also quickly securing its position as a robust sales enablement platform, offering financial institutions the ability to personalize and distribute content that engages with customers in a way that makes the institutions true thought leaders in the community. In the past year, Denim Social has increased revenue by 65 percent.
“Through our new partnership, we’ll be able to offer an easier-to-use, more comprehensive product for clients in compliance-heavy industries that might think they can’t use social media effectively,” said April. “Our platform can be a key differentiator for organizations in these industries. We’re excited to explore all the potential opportunities the company has now.”
For press inquiries or more information on Denim Social’s recent acquisitions, contact CEO Doug Wilber at info@denimsocial.com.
Social selling is just what it sounds like: using social media to sell a product or service. It’s leveraging social to build personal relationships, showcase thought leadership, engage with prospects, interact with existing customers, and ultimately build trust and rapport that will eventually lead to sales.
It enables intermediaries – like insurance agents – to add value to the customer journey where there wouldn’t otherwise be an opportunity.
This guide will help financial services marketers understand why social media should be a core component of their marketing strategy and showcase how the collective reach of their intermediaries’ social media presence can be harnessed to more deeply connect with prospective clients, position producers as thought leaders in their communities, and, ultimately, build trust with clients that translates to positive business results.
It’s called social selling and it works.
The spring 2023 buying season has arrived and with it – you guessed – uncertainty. Spring has long been make-it or break-it season for lenders and loan officers, and despite present conditions, the same holds true this year. But 2023 holds unique challenges and opportunities.
As the season opens, there are a few key considerations the Denim Social team sees as critical for mortgage marketers.
Paid social is one of the most effective ways to introduce people who aren’t yet following your producers, agents, loan officers, or advisors to your financial institution at the right place and the right time.
Paid social is complementary to organic. While organic social builds first-degree connections and facilitates awareness, engagement, and branding, paid social allows you to reach larger, more tailored audiences.
BOK Financial is a financial services partner for consumers, businesses and wealth clients with more than 150 users on the Denim Social platform.
In addition to building brand credibility and establishing loan officer expertise, Denim Social enables their mortgage loan officers to cultivate relationships in social media and organically source leads.
As financial marketers look to the coming year, most are wondering, “what’s next?” While no one can say for sure, our team of experts here at Denim Social are keeping a pulse on what’s new in digital marketing for financial institutions on social media. This guide will not only educate you on the latest trends, but help you make the case for increased investment in social selling and digital marketing strategies at your institution.
Evolve Bank & Trust (“Evolve”) is an $700M+ asset institution with nearly 40 Home Loan Centers (HLC) and nearly 500 employees nationwide. See how Denim Social helped Evolve activate Home Loan Center Facebook pages over the course of just a few months.
Whether you’re in banking, wealth management, insurance or mortgage, relationships are the bedrock of your business.
Considering clients in these industries are handing over the keys to their personal kingdoms, it’s no surprise that trust and connection matter. That’s why successful sales strategies for these industries are focused on building long-term, trusted relationships.
To truly unleash the potential of social, financial institutions need to use social media as a sales tool. It’s called social selling and it works.
The power of social media is undeniable. The ability of banks to engage with and influence customers and prospects via interactive digital channels is an essential tool and a cornerstone of marketing. Gone are the days when it was “nice to have” a presence on platforms such as Facebook, LinkedIn, Twitter and Instagram. Today, these pathways are helping banks to build relationships that were historically cultivated by tirelessly walking up and down Main Street, shaking hands and leaving behind business cards.
In this case study by Denim Social and American Bankers Association, we take a look at how banks are using social media to ramp up digital engagement and build sales.
As any marketer worth their salt will tell you, analytics should drive your social strategy. The key to success is understanding how to link social media efforts to ROI metrics. Read this guide to learn how to gain insights that matter, optimize your strategy and prove your social success.
It’s no surprise that social media can help drive results for your mortgage business. In fact, the question for most marketers at mortgage lending institutions isn’t IF they should be doing more social media marketing - it’s HOW. Download to learn how to:
- Scale your social selling program
- Plan your content strategy
- Train your loan officers
AnnieMac is one of the fastest-growing mortgage loan providers in the U.S., serving clients in 42 states. Learn how Denim Social helped their team to streamline its brand’s social media strategy and activate social selling for hundreds of loan officers in just four months.
Find out how more than 400 financial institutions across asset classes, geographies, and more used social media in 2020 to effectively support their business objectives. We’ve also outlined key trends to inform your social media future.
As mortgage demand surges to historic highs, home purchase and refinance markets remain hot. This is excellent news for loan officers, but it also means the environment is more competitive than ever.
So how can marketers ensure that their loan officers stand out? The answer is social media.
Read this guidebook from Denim Social to learn how you can help your loan officers build strong relationships, stand out from the crowd and win more business using social media.
Every Mortgage Marketer Should Ask Themselves
Compliance is complicated, but don’t let it stop your lending team from making the most of social media. Think you’re ready to start social selling? Ask yourself these five questions!
Download this guidebook to learn how marketers are using social media to:
- Drive business with the lowest digital spend compared to traditional media
- Position employees as thought-leaders while leveraging their collective reach of their social media presence
- Ultimately, build trust with their communities and customers that translates to positive business results
Read this guide if you’re asking yourself:
- Is my social media policy current and comprehensive?
- How do I ensure social media compliance during M&A?
- What do I need to consider for direct messaging compliance?
In this guide we will help you think about your all important social media policy and thoughtfully consider how changes in social media tech and even your bank’s structure may impact compliance.
Download this guidebook to learn how marketers are using social media to:
- Drive business with the lowest digital spend compared to traditional media
- Position employees as thought-leaders while leveraging their collective reach of their social media presence
- Ultimately, build trust with their communities and customers that translates to positive business results
Every Financial Services Marketer Should Ask Themselves
Compliance is complicated, but don’t let it stop your lending team from making the most of social media. Think you’re ready to start social selling? Ask yourself these five questions!
Stronger Customer Relationships on Instagram
Financial Services companies should be marketing and advertising on Instagram. We break down why, and help you create a strategy to reach new customers- while continuing to build trust in your brand.
How 6 Financial Marketers Are Creating Value in Social Media
Ever wonder what everyone else is doing in social media? We talked to six leading financial marketers about how they’re succeeding today and planning for the next big thing.
Get their insights on strengthening your social strategies, unlocking the power of employee networks and creating next-level content that drives engagement.
Download this guidebook to learn how 3 mortgage lenders are using social media to:
- Position themselves in a place the community is already looking ... their social media
- Empower loan officers to engage in local conversations
- Turn their institution's loan officers into the voice of their brand
- Build trust within the community
Which roles do you fill when building your bank's marketing dream team? This guide will show you the following:
- Who does what
- The right structure to execute strategy
- How compliance software can help
Enjoy!
Download this guidebook to learn how marketers are using social media to:
- Drive business with the lowest digital spend compared to traditional media
- Position employees as thought-leaders while leveraging their collective reach of their social media presence
- Ultimately, build trust with their communities and customers that translates to positive business results
ABA Study: The Current State of Social Media
See what nearly 430 bank marketers had to say when asked questions such as:
COVID-19 & Bank Social Media
Times are different and how you connect with customers and potential customers has changed drastically. In a socially distant world, learn to still build lasting relationships.
Download and learn the guiding principles for using social media to serve both your customers and communities in the midst of a pandemic.
Denim Social Acquires VidVerify, Insight CRM to Expand Social Media Marketing Solution
ST. LOUIS (Sept. 19, 2018) — Denim Social, a social media marketing solution featuring the only American Bankers Association-endorsed compliance tools, recently acquired two companies as part of its strategic expansion: VidVerify, a video-based communication platform for mortgage lenders, and Insight CRM, a SaaS solution for social media management.
By integrating VidVerify and Insight CRM into its existing capabilities, Denim Social will bolster its product offering for its 260-plus financial services clients who use the platform every day to compliantly distribute social content on behalf of their brands, branches, and employees. Doug Wilber, a fintech industry veteran, will join the company as Denim Social’s new CEO, while Ben April, CEO of VidVerify, will step into the role of chief operating officer. Josh Dennis, founder and CEO of Insight CRM, will join as the company’s first-ever chief technical officer.
“This is a growth story,” Wilber said. “This is about three industry-leading platforms joining forces to become the best-in-class social media marketing suite for companies in regulated industries. These new partnerships and our new executive team give us the ability to dive more deeply into all sectors within the financial services industry, better serve our customers, and position us well for rapid growth.”
Denim Social was founded in St. Louis in 2011. In October 2015, Denim was endorsed by the ABA as the recommended platform for social media marketing, monitoring, and compliance for all ABA member banks. VidVerify was founded in St. Louis in 2010, and Insight CRM was founded in Birmingham, Alabama, in 2011.
As part of its overall growth strategy, Denim Social will leverage the acquisitions to expand the company’s scheduling, management, monitoring, and compliance tools for companies in all regulated industries and across all social media platforms. It’s also quickly securing its position as a robust sales enablement platform, offering financial institutions the ability to personalize and distribute content that engages with customers in a way that makes the institutions true thought leaders in the community. In the past year, Denim Social has increased revenue by 65 percent.
“Through our new partnership, we’ll be able to offer an easier-to-use, more comprehensive product for clients in compliance-heavy industries that might think they can’t use social media effectively,” said April. “Our platform can be a key differentiator for organizations in these industries. We’re excited to explore all the potential opportunities the company has now.”
For press inquiries or more information on Denim Social’s recent acquisitions, contact CEO Doug Wilber at info@denimsocial.com.
Social selling is just what it sounds like: using social media to sell a product or service. It’s leveraging social to build personal relationships, showcase thought leadership, engage with prospects, interact with existing customers, and ultimately build trust and rapport that will eventually lead to sales.
It enables intermediaries – like insurance agents – to add value to the customer journey where there wouldn’t otherwise be an opportunity.
This guide will help financial services marketers understand why social media should be a core component of their marketing strategy and showcase how the collective reach of their intermediaries’ social media presence can be harnessed to more deeply connect with prospective clients, position producers as thought leaders in their communities, and, ultimately, build trust with clients that translates to positive business results.
It’s called social selling and it works.
The spring 2023 buying season has arrived and with it – you guessed – uncertainty. Spring has long been make-it or break-it season for lenders and loan officers, and despite present conditions, the same holds true this year. But 2023 holds unique challenges and opportunities.
As the season opens, there are a few key considerations the Denim Social team sees as critical for mortgage marketers.
Paid social is one of the most effective ways to introduce people who aren’t yet following your producers, agents, loan officers, or advisors to your financial institution at the right place and the right time.
Paid social is complementary to organic. While organic social builds first-degree connections and facilitates awareness, engagement, and branding, paid social allows you to reach larger, more tailored audiences.
BOK Financial is a financial services partner for consumers, businesses and wealth clients with more than 150 users on the Denim Social platform.
In addition to building brand credibility and establishing loan officer expertise, Denim Social enables their mortgage loan officers to cultivate relationships in social media and organically source leads.
As financial marketers look to the coming year, most are wondering, “what’s next?” While no one can say for sure, our team of experts here at Denim Social are keeping a pulse on what’s new in digital marketing for financial institutions on social media. This guide will not only educate you on the latest trends, but help you make the case for increased investment in social selling and digital marketing strategies at your institution.
Evolve Bank & Trust (“Evolve”) is an $700M+ asset institution with nearly 40 Home Loan Centers (HLC) and nearly 500 employees nationwide. See how Denim Social helped Evolve activate Home Loan Center Facebook pages over the course of just a few months.
Whether you’re in banking, wealth management, insurance or mortgage, relationships are the bedrock of your business.
Considering clients in these industries are handing over the keys to their personal kingdoms, it’s no surprise that trust and connection matter. That’s why successful sales strategies for these industries are focused on building long-term, trusted relationships.
To truly unleash the potential of social, financial institutions need to use social media as a sales tool. It’s called social selling and it works.
The power of social media is undeniable. The ability of banks to engage with and influence customers and prospects via interactive digital channels is an essential tool and a cornerstone of marketing. Gone are the days when it was “nice to have” a presence on platforms such as Facebook, LinkedIn, Twitter and Instagram. Today, these pathways are helping banks to build relationships that were historically cultivated by tirelessly walking up and down Main Street, shaking hands and leaving behind business cards.
In this case study by Denim Social and American Bankers Association, we take a look at how banks are using social media to ramp up digital engagement and build sales.
As any marketer worth their salt will tell you, analytics should drive your social strategy. The key to success is understanding how to link social media efforts to ROI metrics. Read this guide to learn how to gain insights that matter, optimize your strategy and prove your social success.
It’s no surprise that social media can help drive results for your mortgage business. In fact, the question for most marketers at mortgage lending institutions isn’t IF they should be doing more social media marketing - it’s HOW. Download to learn how to:
- Scale your social selling program
- Plan your content strategy
- Train your loan officers
AnnieMac is one of the fastest-growing mortgage loan providers in the U.S., serving clients in 42 states. Learn how Denim Social helped their team to streamline its brand’s social media strategy and activate social selling for hundreds of loan officers in just four months.
Find out how more than 400 financial institutions across asset classes, geographies, and more used social media in 2020 to effectively support their business objectives. We’ve also outlined key trends to inform your social media future.
As mortgage demand surges to historic highs, home purchase and refinance markets remain hot. This is excellent news for loan officers, but it also means the environment is more competitive than ever.
So how can marketers ensure that their loan officers stand out? The answer is social media.
Read this guidebook from Denim Social to learn how you can help your loan officers build strong relationships, stand out from the crowd and win more business using social media.
Every Mortgage Marketer Should Ask Themselves
Compliance is complicated, but don’t let it stop your lending team from making the most of social media. Think you’re ready to start social selling? Ask yourself these five questions!
Download this guidebook to learn how marketers are using social media to:
- Drive business with the lowest digital spend compared to traditional media
- Position employees as thought-leaders while leveraging their collective reach of their social media presence
- Ultimately, build trust with their communities and customers that translates to positive business results
Read this guide if you’re asking yourself:
- Is my social media policy current and comprehensive?
- How do I ensure social media compliance during M&A?
- What do I need to consider for direct messaging compliance?
In this guide we will help you think about your all important social media policy and thoughtfully consider how changes in social media tech and even your bank’s structure may impact compliance.
Download this guidebook to learn how marketers are using social media to:
- Drive business with the lowest digital spend compared to traditional media
- Position employees as thought-leaders while leveraging their collective reach of their social media presence
- Ultimately, build trust with their communities and customers that translates to positive business results
Every Financial Services Marketer Should Ask Themselves
Compliance is complicated, but don’t let it stop your lending team from making the most of social media. Think you’re ready to start social selling? Ask yourself these five questions!
Stronger Customer Relationships on Instagram
Financial Services companies should be marketing and advertising on Instagram. We break down why, and help you create a strategy to reach new customers- while continuing to build trust in your brand.
How 6 Financial Marketers Are Creating Value in Social Media
Ever wonder what everyone else is doing in social media? We talked to six leading financial marketers about how they’re succeeding today and planning for the next big thing.
Get their insights on strengthening your social strategies, unlocking the power of employee networks and creating next-level content that drives engagement.
Download this guidebook to learn how 3 mortgage lenders are using social media to:
- Position themselves in a place the community is already looking ... their social media
- Empower loan officers to engage in local conversations
- Turn their institution's loan officers into the voice of their brand
- Build trust within the community
Which roles do you fill when building your bank's marketing dream team? This guide will show you the following:
- Who does what
- The right structure to execute strategy
- How compliance software can help
Enjoy!
Download this guidebook to learn how marketers are using social media to:
- Drive business with the lowest digital spend compared to traditional media
- Position employees as thought-leaders while leveraging their collective reach of their social media presence
- Ultimately, build trust with their communities and customers that translates to positive business results
ABA Study: The Current State of Social Media
See what nearly 430 bank marketers had to say when asked questions such as:
COVID-19 & Bank Social Media
Times are different and how you connect with customers and potential customers has changed drastically. In a socially distant world, learn to still build lasting relationships.
Download and learn the guiding principles for using social media to serve both your customers and communities in the midst of a pandemic.
Denim Social Acquires VidVerify, Insight CRM to Expand Social Media Marketing Solution
ST. LOUIS (Sept. 19, 2018) — Denim Social, a social media marketing solution featuring the only American Bankers Association-endorsed compliance tools, recently acquired two companies as part of its strategic expansion: VidVerify, a video-based communication platform for mortgage lenders, and Insight CRM, a SaaS solution for social media management.
By integrating VidVerify and Insight CRM into its existing capabilities, Denim Social will bolster its product offering for its 260-plus financial services clients who use the platform every day to compliantly distribute social content on behalf of their brands, branches, and employees. Doug Wilber, a fintech industry veteran, will join the company as Denim Social’s new CEO, while Ben April, CEO of VidVerify, will step into the role of chief operating officer. Josh Dennis, founder and CEO of Insight CRM, will join as the company’s first-ever chief technical officer.
“This is a growth story,” Wilber said. “This is about three industry-leading platforms joining forces to become the best-in-class social media marketing suite for companies in regulated industries. These new partnerships and our new executive team give us the ability to dive more deeply into all sectors within the financial services industry, better serve our customers, and position us well for rapid growth.”
Denim Social was founded in St. Louis in 2011. In October 2015, Denim was endorsed by the ABA as the recommended platform for social media marketing, monitoring, and compliance for all ABA member banks. VidVerify was founded in St. Louis in 2010, and Insight CRM was founded in Birmingham, Alabama, in 2011.
As part of its overall growth strategy, Denim Social will leverage the acquisitions to expand the company’s scheduling, management, monitoring, and compliance tools for companies in all regulated industries and across all social media platforms. It’s also quickly securing its position as a robust sales enablement platform, offering financial institutions the ability to personalize and distribute content that engages with customers in a way that makes the institutions true thought leaders in the community. In the past year, Denim Social has increased revenue by 65 percent.
“Through our new partnership, we’ll be able to offer an easier-to-use, more comprehensive product for clients in compliance-heavy industries that might think they can’t use social media effectively,” said April. “Our platform can be a key differentiator for organizations in these industries. We’re excited to explore all the potential opportunities the company has now.”
For press inquiries or more information on Denim Social’s recent acquisitions, contact CEO Doug Wilber at info@denimsocial.com.
Social selling is just what it sounds like: using social media to sell a product or service. It’s leveraging social to build personal relationships, showcase thought leadership, engage with prospects, interact with existing customers, and ultimately build trust and rapport that will eventually lead to sales.
It enables intermediaries – like insurance agents – to add value to the customer journey where there wouldn’t otherwise be an opportunity.
This guide will help financial services marketers understand why social media should be a core component of their marketing strategy and showcase how the collective reach of their intermediaries’ social media presence can be harnessed to more deeply connect with prospective clients, position producers as thought leaders in their communities, and, ultimately, build trust with clients that translates to positive business results.
It’s called social selling and it works.
The spring 2023 buying season has arrived and with it – you guessed – uncertainty. Spring has long been make-it or break-it season for lenders and loan officers, and despite present conditions, the same holds true this year. But 2023 holds unique challenges and opportunities.
As the season opens, there are a few key considerations the Denim Social team sees as critical for mortgage marketers.
Paid social is one of the most effective ways to introduce people who aren’t yet following your producers, agents, loan officers, or advisors to your financial institution at the right place and the right time.
Paid social is complementary to organic. While organic social builds first-degree connections and facilitates awareness, engagement, and branding, paid social allows you to reach larger, more tailored audiences.
BOK Financial is a financial services partner for consumers, businesses and wealth clients with more than 150 users on the Denim Social platform.
In addition to building brand credibility and establishing loan officer expertise, Denim Social enables their mortgage loan officers to cultivate relationships in social media and organically source leads.
As financial marketers look to the coming year, most are wondering, “what’s next?” While no one can say for sure, our team of experts here at Denim Social are keeping a pulse on what’s new in digital marketing for financial institutions on social media. This guide will not only educate you on the latest trends, but help you make the case for increased investment in social selling and digital marketing strategies at your institution.
Evolve Bank & Trust (“Evolve”) is an $700M+ asset institution with nearly 40 Home Loan Centers (HLC) and nearly 500 employees nationwide. See how Denim Social helped Evolve activate Home Loan Center Facebook pages over the course of just a few months.
Whether you’re in banking, wealth management, insurance or mortgage, relationships are the bedrock of your business.
Considering clients in these industries are handing over the keys to their personal kingdoms, it’s no surprise that trust and connection matter. That’s why successful sales strategies for these industries are focused on building long-term, trusted relationships.
To truly unleash the potential of social, financial institutions need to use social media as a sales tool. It’s called social selling and it works.
The power of social media is undeniable. The ability of banks to engage with and influence customers and prospects via interactive digital channels is an essential tool and a cornerstone of marketing. Gone are the days when it was “nice to have” a presence on platforms such as Facebook, LinkedIn, Twitter and Instagram. Today, these pathways are helping banks to build relationships that were historically cultivated by tirelessly walking up and down Main Street, shaking hands and leaving behind business cards.
In this case study by Denim Social and American Bankers Association, we take a look at how banks are using social media to ramp up digital engagement and build sales.
As any marketer worth their salt will tell you, analytics should drive your social strategy. The key to success is understanding how to link social media efforts to ROI metrics. Read this guide to learn how to gain insights that matter, optimize your strategy and prove your social success.
It’s no surprise that social media can help drive results for your mortgage business. In fact, the question for most marketers at mortgage lending institutions isn’t IF they should be doing more social media marketing - it’s HOW. Download to learn how to:
- Scale your social selling program
- Plan your content strategy
- Train your loan officers
AnnieMac is one of the fastest-growing mortgage loan providers in the U.S., serving clients in 42 states. Learn how Denim Social helped their team to streamline its brand’s social media strategy and activate social selling for hundreds of loan officers in just four months.
Find out how more than 400 financial institutions across asset classes, geographies, and more used social media in 2020 to effectively support their business objectives. We’ve also outlined key trends to inform your social media future.
As mortgage demand surges to historic highs, home purchase and refinance markets remain hot. This is excellent news for loan officers, but it also means the environment is more competitive than ever.
So how can marketers ensure that their loan officers stand out? The answer is social media.
Read this guidebook from Denim Social to learn how you can help your loan officers build strong relationships, stand out from the crowd and win more business using social media.
Every Mortgage Marketer Should Ask Themselves
Compliance is complicated, but don’t let it stop your lending team from making the most of social media. Think you’re ready to start social selling? Ask yourself these five questions!
Download this guidebook to learn how marketers are using social media to:
- Drive business with the lowest digital spend compared to traditional media
- Position employees as thought-leaders while leveraging their collective reach of their social media presence
- Ultimately, build trust with their communities and customers that translates to positive business results
Read this guide if you’re asking yourself:
- Is my social media policy current and comprehensive?
- How do I ensure social media compliance during M&A?
- What do I need to consider for direct messaging compliance?
In this guide we will help you think about your all important social media policy and thoughtfully consider how changes in social media tech and even your bank’s structure may impact compliance.
Download this guidebook to learn how marketers are using social media to:
- Drive business with the lowest digital spend compared to traditional media
- Position employees as thought-leaders while leveraging their collective reach of their social media presence
- Ultimately, build trust with their communities and customers that translates to positive business results
Every Financial Services Marketer Should Ask Themselves
Compliance is complicated, but don’t let it stop your lending team from making the most of social media. Think you’re ready to start social selling? Ask yourself these five questions!
Stronger Customer Relationships on Instagram
Financial Services companies should be marketing and advertising on Instagram. We break down why, and help you create a strategy to reach new customers- while continuing to build trust in your brand.
How 6 Financial Marketers Are Creating Value in Social Media
Ever wonder what everyone else is doing in social media? We talked to six leading financial marketers about how they’re succeeding today and planning for the next big thing.
Get their insights on strengthening your social strategies, unlocking the power of employee networks and creating next-level content that drives engagement.
Download this guidebook to learn how 3 mortgage lenders are using social media to:
- Position themselves in a place the community is already looking ... their social media
- Empower loan officers to engage in local conversations
- Turn their institution's loan officers into the voice of their brand
- Build trust within the community
Which roles do you fill when building your bank's marketing dream team? This guide will show you the following:
- Who does what
- The right structure to execute strategy
- How compliance software can help
Enjoy!
Download this guidebook to learn how marketers are using social media to:
- Drive business with the lowest digital spend compared to traditional media
- Position employees as thought-leaders while leveraging their collective reach of their social media presence
- Ultimately, build trust with their communities and customers that translates to positive business results
ABA Study: The Current State of Social Media
See what nearly 430 bank marketers had to say when asked questions such as:
COVID-19 & Bank Social Media
Times are different and how you connect with customers and potential customers has changed drastically. In a socially distant world, learn to still build lasting relationships.
Download and learn the guiding principles for using social media to serve both your customers and communities in the midst of a pandemic.
Denim Social Acquires VidVerify, Insight CRM to Expand Social Media Marketing Solution
ST. LOUIS (Sept. 19, 2018) — Denim Social, a social media marketing solution featuring the only American Bankers Association-endorsed compliance tools, recently acquired two companies as part of its strategic expansion: VidVerify, a video-based communication platform for mortgage lenders, and Insight CRM, a SaaS solution for social media management.
By integrating VidVerify and Insight CRM into its existing capabilities, Denim Social will bolster its product offering for its 260-plus financial services clients who use the platform every day to compliantly distribute social content on behalf of their brands, branches, and employees. Doug Wilber, a fintech industry veteran, will join the company as Denim Social’s new CEO, while Ben April, CEO of VidVerify, will step into the role of chief operating officer. Josh Dennis, founder and CEO of Insight CRM, will join as the company’s first-ever chief technical officer.
“This is a growth story,” Wilber said. “This is about three industry-leading platforms joining forces to become the best-in-class social media marketing suite for companies in regulated industries. These new partnerships and our new executive team give us the ability to dive more deeply into all sectors within the financial services industry, better serve our customers, and position us well for rapid growth.”
Denim Social was founded in St. Louis in 2011. In October 2015, Denim was endorsed by the ABA as the recommended platform for social media marketing, monitoring, and compliance for all ABA member banks. VidVerify was founded in St. Louis in 2010, and Insight CRM was founded in Birmingham, Alabama, in 2011.
As part of its overall growth strategy, Denim Social will leverage the acquisitions to expand the company’s scheduling, management, monitoring, and compliance tools for companies in all regulated industries and across all social media platforms. It’s also quickly securing its position as a robust sales enablement platform, offering financial institutions the ability to personalize and distribute content that engages with customers in a way that makes the institutions true thought leaders in the community. In the past year, Denim Social has increased revenue by 65 percent.
“Through our new partnership, we’ll be able to offer an easier-to-use, more comprehensive product for clients in compliance-heavy industries that might think they can’t use social media effectively,” said April. “Our platform can be a key differentiator for organizations in these industries. We’re excited to explore all the potential opportunities the company has now.”
For press inquiries or more information on Denim Social’s recent acquisitions, contact CEO Doug Wilber at info@denimsocial.com.
Social selling is just what it sounds like: using social media to sell a product or service. It’s leveraging social to build personal relationships, showcase thought leadership, engage with prospects, interact with existing customers, and ultimately build trust and rapport that will eventually lead to sales.
It enables intermediaries – like insurance agents – to add value to the customer journey where there wouldn’t otherwise be an opportunity.
This guide will help financial services marketers understand why social media should be a core component of their marketing strategy and showcase how the collective reach of their intermediaries’ social media presence can be harnessed to more deeply connect with prospective clients, position producers as thought leaders in their communities, and, ultimately, build trust with clients that translates to positive business results.
It’s called social selling and it works.
The spring 2023 buying season has arrived and with it – you guessed – uncertainty. Spring has long been make-it or break-it season for lenders and loan officers, and despite present conditions, the same holds true this year. But 2023 holds unique challenges and opportunities.
As the season opens, there are a few key considerations the Denim Social team sees as critical for mortgage marketers.
Paid social is one of the most effective ways to introduce people who aren’t yet following your producers, agents, loan officers, or advisors to your financial institution at the right place and the right time.
Paid social is complementary to organic. While organic social builds first-degree connections and facilitates awareness, engagement, and branding, paid social allows you to reach larger, more tailored audiences.
BOK Financial is a financial services partner for consumers, businesses and wealth clients with more than 150 users on the Denim Social platform.
In addition to building brand credibility and establishing loan officer expertise, Denim Social enables their mortgage loan officers to cultivate relationships in social media and organically source leads.
As financial marketers look to the coming year, most are wondering, “what’s next?” While no one can say for sure, our team of experts here at Denim Social are keeping a pulse on what’s new in digital marketing for financial institutions on social media. This guide will not only educate you on the latest trends, but help you make the case for increased investment in social selling and digital marketing strategies at your institution.
Evolve Bank & Trust (“Evolve”) is an $700M+ asset institution with nearly 40 Home Loan Centers (HLC) and nearly 500 employees nationwide. See how Denim Social helped Evolve activate Home Loan Center Facebook pages over the course of just a few months.
Whether you’re in banking, wealth management, insurance or mortgage, relationships are the bedrock of your business.
Considering clients in these industries are handing over the keys to their personal kingdoms, it’s no surprise that trust and connection matter. That’s why successful sales strategies for these industries are focused on building long-term, trusted relationships.
To truly unleash the potential of social, financial institutions need to use social media as a sales tool. It’s called social selling and it works.
The power of social media is undeniable. The ability of banks to engage with and influence customers and prospects via interactive digital channels is an essential tool and a cornerstone of marketing. Gone are the days when it was “nice to have” a presence on platforms such as Facebook, LinkedIn, Twitter and Instagram. Today, these pathways are helping banks to build relationships that were historically cultivated by tirelessly walking up and down Main Street, shaking hands and leaving behind business cards.
In this case study by Denim Social and American Bankers Association, we take a look at how banks are using social media to ramp up digital engagement and build sales.
As any marketer worth their salt will tell you, analytics should drive your social strategy. The key to success is understanding how to link social media efforts to ROI metrics. Read this guide to learn how to gain insights that matter, optimize your strategy and prove your social success.
It’s no surprise that social media can help drive results for your mortgage business. In fact, the question for most marketers at mortgage lending institutions isn’t IF they should be doing more social media marketing - it’s HOW. Download to learn how to:
- Scale your social selling program
- Plan your content strategy
- Train your loan officers
AnnieMac is one of the fastest-growing mortgage loan providers in the U.S., serving clients in 42 states. Learn how Denim Social helped their team to streamline its brand’s social media strategy and activate social selling for hundreds of loan officers in just four months.
Find out how more than 400 financial institutions across asset classes, geographies, and more used social media in 2020 to effectively support their business objectives. We’ve also outlined key trends to inform your social media future.
As mortgage demand surges to historic highs, home purchase and refinance markets remain hot. This is excellent news for loan officers, but it also means the environment is more competitive than ever.
So how can marketers ensure that their loan officers stand out? The answer is social media.
Read this guidebook from Denim Social to learn how you can help your loan officers build strong relationships, stand out from the crowd and win more business using social media.
Every Mortgage Marketer Should Ask Themselves
Compliance is complicated, but don’t let it stop your lending team from making the most of social media. Think you’re ready to start social selling? Ask yourself these five questions!
Download this guidebook to learn how marketers are using social media to:
- Drive business with the lowest digital spend compared to traditional media
- Position employees as thought-leaders while leveraging their collective reach of their social media presence
- Ultimately, build trust with their communities and customers that translates to positive business results
Read this guide if you’re asking yourself:
- Is my social media policy current and comprehensive?
- How do I ensure social media compliance during M&A?
- What do I need to consider for direct messaging compliance?
In this guide we will help you think about your all important social media policy and thoughtfully consider how changes in social media tech and even your bank’s structure may impact compliance.
Download this guidebook to learn how marketers are using social media to:
- Drive business with the lowest digital spend compared to traditional media
- Position employees as thought-leaders while leveraging their collective reach of their social media presence
- Ultimately, build trust with their communities and customers that translates to positive business results
Every Financial Services Marketer Should Ask Themselves
Compliance is complicated, but don’t let it stop your lending team from making the most of social media. Think you’re ready to start social selling? Ask yourself these five questions!
Stronger Customer Relationships on Instagram
Financial Services companies should be marketing and advertising on Instagram. We break down why, and help you create a strategy to reach new customers- while continuing to build trust in your brand.
How 6 Financial Marketers Are Creating Value in Social Media
Ever wonder what everyone else is doing in social media? We talked to six leading financial marketers about how they’re succeeding today and planning for the next big thing.
Get their insights on strengthening your social strategies, unlocking the power of employee networks and creating next-level content that drives engagement.
Download this guidebook to learn how 3 mortgage lenders are using social media to:
- Position themselves in a place the community is already looking ... their social media
- Empower loan officers to engage in local conversations
- Turn their institution's loan officers into the voice of their brand
- Build trust within the community
Which roles do you fill when building your bank's marketing dream team? This guide will show you the following:
- Who does what
- The right structure to execute strategy
- How compliance software can help
Enjoy!
Download this guidebook to learn how marketers are using social media to:
- Drive business with the lowest digital spend compared to traditional media
- Position employees as thought-leaders while leveraging their collective reach of their social media presence
- Ultimately, build trust with their communities and customers that translates to positive business results
ABA Study: The Current State of Social Media
See what nearly 430 bank marketers had to say when asked questions such as:
COVID-19 & Bank Social Media
Times are different and how you connect with customers and potential customers has changed drastically. In a socially distant world, learn to still build lasting relationships.
Download and learn the guiding principles for using social media to serve both your customers and communities in the midst of a pandemic.
Denim Social Acquires VidVerify, Insight CRM to Expand Social Media Marketing Solution
ST. LOUIS (Sept. 19, 2018) — Denim Social, a social media marketing solution featuring the only American Bankers Association-endorsed compliance tools, recently acquired two companies as part of its strategic expansion: VidVerify, a video-based communication platform for mortgage lenders, and Insight CRM, a SaaS solution for social media management.
By integrating VidVerify and Insight CRM into its existing capabilities, Denim Social will bolster its product offering for its 260-plus financial services clients who use the platform every day to compliantly distribute social content on behalf of their brands, branches, and employees. Doug Wilber, a fintech industry veteran, will join the company as Denim Social’s new CEO, while Ben April, CEO of VidVerify, will step into the role of chief operating officer. Josh Dennis, founder and CEO of Insight CRM, will join as the company’s first-ever chief technical officer.
“This is a growth story,” Wilber said. “This is about three industry-leading platforms joining forces to become the best-in-class social media marketing suite for companies in regulated industries. These new partnerships and our new executive team give us the ability to dive more deeply into all sectors within the financial services industry, better serve our customers, and position us well for rapid growth.”
Denim Social was founded in St. Louis in 2011. In October 2015, Denim was endorsed by the ABA as the recommended platform for social media marketing, monitoring, and compliance for all ABA member banks. VidVerify was founded in St. Louis in 2010, and Insight CRM was founded in Birmingham, Alabama, in 2011.
As part of its overall growth strategy, Denim Social will leverage the acquisitions to expand the company’s scheduling, management, monitoring, and compliance tools for companies in all regulated industries and across all social media platforms. It’s also quickly securing its position as a robust sales enablement platform, offering financial institutions the ability to personalize and distribute content that engages with customers in a way that makes the institutions true thought leaders in the community. In the past year, Denim Social has increased revenue by 65 percent.
“Through our new partnership, we’ll be able to offer an easier-to-use, more comprehensive product for clients in compliance-heavy industries that might think they can’t use social media effectively,” said April. “Our platform can be a key differentiator for organizations in these industries. We’re excited to explore all the potential opportunities the company has now.”
For press inquiries or more information on Denim Social’s recent acquisitions, contact CEO Doug Wilber at info@denimsocial.com.
Denim Social has been named to the HousingWire 2023 Tech100 list for mortgage. The exclusive list of honorees recognizes the most innovative technology in the mortgage industry.
The Tech100 program provides housing professionals with a comprehensive list of the most innovative and impactful organizations. The list can be leveraged to identify partners and solutions to the challenges that mortgage lenders and real estate professionals face every day.
“In a competitive environment, every edge matters for mortgage loan officers,” said Doug Wilber, CEO at Denim Social. “A social selling program managed with our platform empowers mortgage loan officers to use social media to reach prospects, build relationships and close more deals.”
This is Denim Social’s first appearance on the HousingWire list. The platform is used by more than 250 institutions in mortgage, banking, wealth management and insurance.
To learn more about how Denim Social can help mortgage loan officers activate social selling, read our guidebook, Helping Mortgage Loan Officers Achieve Success with Social Media Marketing.
Customer relationship-building is one of the greatest value drivers for insurance agents. A benchmark analysis from McKinsey & Co. found agents with deeper customer relationships have higher product density than those lacking in relationships — often cross-selling three or more products per customer.
With that in mind, it’s essential that agents understand how to best leverage their humanity and personality to truly connect with their audiences. In today’s age, this extends to how agents present themselves and connect online.
When prospective clients meet an agent for the first time, they’re asking themselves, “Is this person likable? Can I trust them?” Clients want to feel an authentic connection that gives them peace of mind and assures them that someone has their best interests at heart.
This desire for connection isn’t limited to the insurance industry. In fact, 88% of consumers say that authenticity is a key factor when deciding the brands they like and support, and that trust is vitally important to entering working relationships. That desire for trust grows exponentially when it comes to insurance sales because the business is built around protecting clients’ futures.
Insurance agents have a head start on this — their businesses have always been rooted in authenticity. But as digital transformation in the insurance industry continues, it’s more important than ever that agents assert themselves through authenticity on social media. It’s no different from what agents and other insurance professionals have been doing in person for years. It’s about conveying expertise, building trust, and showcasing industry knowledge — except now it’s within the digital universe. Social media provides a new platform for staying top of mind with customers and prospects alike.
So, how should agents be more authentic on social media? Same as they would offline — with relationships.
Good selling starts with genuinely listening to clients and being authentic, no matter what. Insurance agents are there to identify clients’ life needs and build a solution to protect them against loss. They must genuinely care about clients’ needs to find the right solutions and demonstrate that level of care to earn trust.
Here’s how agents can bring that energy to social media:
View social media as an opportunity to provide value. Marketers and agents alike already know that authenticity is important to customer acquisition. That same authenticity should show up in social media activity.
Agents should still be themselves, just on digital channels. After all, in the insurance business, agents are selling a promise that a consumer may or may not ever see delivery on. If the client never has an accident, they’ll never make a claim.
This means a lot of time can pass between a point of sale and delivery of promise.
With the rise of social media, however, there is a growing opportunity to deliver value in the long term. Whether it’s sharing thought-leadership articles, checking in with clients on social media, or providing digital tools to help educate clients, the digital landscape provides ample opportunity to reinforce proof of agent value on an ongoing basis. Including both paid and organic social media marketing for insurance agents in the mix of sales practices is critical.
This won’t replace traditional tools like phone, email and in-person meetings, but having a mix of organic and paid content alongside them will complement other relationship-building efforts, keep agents top of mind, and continually provide value to clients and prospects.
Lean into the power of real-life experience. There’s a good chance that agents live and work in the communities they serve. Agents should use that advantage with prospective clients when building their authentic brands. Showing on social media what’s happening in their communities and their offices will help foster a sense of belonging and drive interest among followers.
Need more marketing ideas for insurance agents? Look to everyday experiences. If an agent runs into someone at a local event, they should take a selfie and tag the person on Instagram, Facebook or LinkedIn. If a client drops off cookies, the agent should post a photo and a heartfelt message about what it meant to the team. Social media followers will connect with those real-life moments far more than they would with a branded post.
Embrace storytelling. Too often, social media marketing for insurance agents consists only of market statistics or limited-time promotions. While this type of content can absolutely be useful and helpful, it’s not enough on its own. Think about the brands you follow: Would statistics and discounts be enough to get you engaged?
Social media is about creating a narrative, not just posting facts or promotions.
Agents should share the true picture of what it’s been like to grow a practice. Tell client stories about how they’ve benefited from your insurance products (with permission and privacy in mind, of course). When agents share authentically, they build trust with clients and prospects.
Be themselves. If agents are only professional and stuffy, audiences won’t connect. Agents and marketers alike shouldn’t be afraid to let a little personality shine through on social media. Thought leadership can create credibility and demonstrate expertise, and it’s always better received when served up by a real-life person.
That’s what social selling is all about.
Posting is only one part of the strategy. Agents should also comment on and engage with clients’ posts as appropriate. Two-way communication is critical to building authenticity. Think about it as if you were having an in-person conversation; there would be plenty of back-and-forth throughout the discussion. Did a client become a grandparent? Their agent should congratulate them. Social selling is all about creating conversation, just like in real life.
Engagement provides the added benefit of personalization. Customers don’t want to feel like marketing collateral. When agents engage with them honestly and authentically, they’re well on their way to creating deep, lasting consumer relationships.
Building authenticity through social media is similar in principle to building authenticity in real life; it’s just using a different medium to do so. When intermediaries share personal stories and helpful content with clients in a way that reflects their true personalities, they’ll build lasting relationships both online and offline that will serve as the foundation of future sales.
*This article was originally published in Insurance Journal.
Denim Social, a leading provider of social selling software for the mortgage industry, is proud to announce it has joined The Mortgage Collaborative. Together, the two organizations will educate mortgage lenders on the power of social selling and help them elevate their social selling programs to increase mortgage loan officer success.
The Mortgage Collaborative empowers mortgage lenders across the country with better financial execution, reduced costs, enhanced expertise and improved compliance. As consumer behavior shifts online and in a highly competitive marketplace, The Mortgage Collaborative also helps members reach and access prospective clients.
“Social selling is an essential tool for today’s mortgage lenders,” said Tom Gallucci, Senior Vice President of Business Development at The Mortgage Collaborative. “Partners like Denim Social will help our members build trust online, stay compliant and, most importantly, close more deals.”
Members of The Mortgage Collaborative and customers of Denim Social will have access to member only pricing, resources and training.
“We’re excited to be a part of The Mortgage Collaborative – an organization that so many of our customers gain great value from already. We’re looking forward to collaborating with TMC on special content and resources, as well as forging deeper connections with members,” said Doug Wilber, CEO of Denim Social.
Click here to learn more about Denim Social and the Mortgage Collaborative’s partnership.
Independent agents are taking over the scene — 62% of property and casualty premiums in the U.S. were written by independent agents in 2021 — so competition is fiercer than ever. Independent agents who want to stand out need to build up their personal brands online to reach customers and keep relationships strong. When agents use their personal social networks to find prospects, build relationships, and grow their thought leadership, they’re using one of the most powerful strategies available to them: social selling.
Social selling might be a familiar strategy for captive agents who have their carriers’ built-in marketing support, but independent agents must create their business (and relationships) from scratch. More and more, those relationships are built over social media. That’s the challenge for agents in this new landscape, but it’s also the big opportunity. People buy from people, and building personal relationships is what insurance agents have always done best. They just need to translate those rapport-building skills into modern digital spaces with a few key strategies.
Adopt social selling as a go-to strategy.
Social selling unifies sales and marketing, transforming social media into a revenue driver by giving agents an avenue to showcase their thought leadership, engage with potential and existing customers, and build trust and relationships in the process. It is similar to offline selling: Build trust with customers, get to know them, and explain how your product helps solve their problems. But it proves even more powerful — 78% of social sellers outsell their peers who don’t use social media.
To get ahead in social selling, agents must harness the power in their relationships and personal networks. Research shows that content shared by employees gets eight times more engagement than content shared by a brand. A social selling strategy can not only help agents reach more people, but also can also help them humanize their own work and brand.
For independent agents, personal branding can make all the difference. Agents shouldn’t be afraid to be unique and show their authentic selves on social media. From sharing personal photos to comments on client posts, the more clients see agents as personal friends and unique people, the more engaged they will be.
Why does letting personality show matter for agents? Credibility has become increasingly important for customers, with 88% of consumers citing authenticity as a key factor in deciding what brands they like and support. Clients want to know they can trust their agents, especially when making decisions that majorly affect their families and lives, so social selling content should reflect authenticity and relatability.
Understand and accept agents’ evolving roles in the changing landscape of digital insurance.
The sales process has gone digital in many ways, but that does not change the value of human guidance from an insurance advisor — the role of the trusted insurance advisor isn’t going anywhere.
Human connection remains a meaningful part of the insurance transaction. When people’s lives change, their relationships with their agents matter, and the work that agents have put into fostering trust and strong relationships will pay off.
Social media is a crucial tool in keeping intermediaries connected in this digital age and agents need to be comfortable using modern social media marketing and sales strategies.
Don’t go it alone — look for trusted support resources.
When independent agents are active in social selling, they shouldn’t go it alone. The resources agents have been consulting for years often have active blogs and social accounts from which they can source content. Many carriers and insurance industry thought leaders also offer curated social content that is ready to share and can typically be personalized by the agent.
A social selling strategy powered by a thoughtful content mix can help independent agents not only reach more people, but also reinforce the thought leadership and trust-building they’ve been demonstrating to clients outside of social media for years.
Find the right tools.
Curating content, creating a regular cadence of posting, monitoring multiple social channels — there are a lot of moving pieces in an independent agent’s social selling strategy. Social selling is just one of the many things an independent agent has in their sales repertoire. This makes it so important to have technology built for social selling specifically. The less time agents spend on the organizational aspects of social selling, the more time they have to build customer relationships, communicate authentically and, ultimately, build trust online.
This article was originally published in Insurance Journal.
Denim Social is excited to share that its platform will now offer integrated customer relationship management (CRM) capabilities through a new integration with award-winning CRM, lead management, and engagement platform, Insellerate. Denim Social users can now automatically capture leads generated from Denim Social Pages in the Insellerate platform.
Social selling is a non-negotiable to drive a modern marketing strategy, but without the right tools, loan officers struggle to connect social media activity to real life opportunity. Together with Denim Social, Insellerate users can track and automate social media leads, taking prospects from click to contract.
“People buy from people. In this environment, relationships matter more than ever,” said Doug Wilber, CEO of Denim Social. “Together, Denim Social and Insellerate can help loan officers transform social media relationships into deals closed.”
Here’s how the integration works:
- Mortgage marketers who use both Denim Social and Insellerate can connect the platforms.
- When a prospective borrowers or industry contact completes a form on a Denim Social landing page, the lead will be automatically distributed to track in Insellerate and trigger engagement via automation.
- With the Denim Social integration, Insellerate records will be created, updated, assigned, and marketing automations triggered – no emails or manual updates needed.
“We know the right tools can empower loan officers to engage more effectively with industry professionals and borrowers alike,” said Josh Friend, CEO and founder of Insellerate. “When every deal counts, social selling with the Denim Social integration can help Insellerate users increase conversion rates, lower costs and, of course, close more deals.”
Homestead Funding, a multi-state licensed mortgage lender, actively uses the Denim Social platform to reach and engage prospects. The Insellerate integration was developed to meet the needs of Homestead’s team.
Denim Social is invested in the financial industry, bringing valuable tools and unique expertise to our partnership,” said Daniela Bigalli, SVP sales and marketing Homestead Funding Corp. “When we approached Denim Social and Insellerate with our overall vision they were collaborative and excited to build an integration that was tailored to our team’s needs. Working together we feel confident that we can achieve our goals of a streamlined and efficient user experience for our loan originators.”
Ready to maximize your social selling and fire up leads in your CRM? Connect with a Denim Social or Insellerate representative to activate the integration.
It’s been an exciting year so far at Denim Social. Yes, we’ve said this kind of thing before, but the past few months have been a transformative time for our company. The theme? Growth! Our users are growing, our partnerships are growing, our team is growing and even our awards shelf is getting bigger.
Check out what we’ve been up to:
Denim Social Platform Breaks Growth Records
Denim Social users are posting more than ever before. In fact, the number of network social posts has increased more than 300% year over year. As financial institutions adopt social selling strategies, posts are coming from more users. We’re so proud to report a 370% increase in connected network users since last year.
“From banks to mortgage companies, financial institutions are discovering the power of social selling,” said Doug Wilber, Denim Social CEO. “Social selling strategies are helping Denim Social customers use relationships to expand their social media reach, increase engagement and, most importantly, drive business results.”
With more posts and more users than ever before, Denim Social continues to post record growth.
New Partnerships Drive Customer Results
We’re helping Denim Social users get better results from social media by creating connected customer journeys online. Our newest integration with Insellerate, for example, helps mortgage lenders identify opportunities that take prospects from clicks to contracts. Insellerate is an award-winning, modern CRM, Lead Management and Engagement platform that helps loan officers close more loans.
Denim Social’s platform now fully integrates with the industry’s leading systems, including:
- Experience.com
- Insellerate
- SureFire
- Total Expert
Stay tuned for more partnership and integration news in the coming year. At Denim Social we understand the challenges of scaling social selling programs and know that integrations create efficiencies that not only drive results, but help make life easier for marketers and social sellers alike.
Customer Success Award Wins
Our platform is not the only reason for our growth at Denim Social. Every day our customer success team is helping marketing teams plan and implement social selling strategies that get results. Their work was recently recognized with three exciting G2 awards:
- Best Support (Fall 2022)
- High Performer (Fall 2022)
- Easiest to do Business With (Fall 2022)
The Denim Social customer success team partners with clients to launch social selling programs and provide attentive support to scale and expand.
Denim Social Promotes Leaders; Increases Headcount
As Denim Social’s technology and services grow, its headcount is increasing too. This year the company has grown staff by 95%.
We’re also excited to share that Christina Trapolino has been promoted to senior vice president, revenue. Trapolino now leads our dynamic sales organization, helping more financial institutions elevate the way they connect and sell on social media.
Talented professionals have joined the team from across the country, enjoying flexibility and the opportunity to meaningfully contribute at a growth-stage business. And we’re still growing our team! Check out our Careers page for more information on open positions.
Connect & Convert on Social
Denim Social Acquires VidVerify, Insight CRM to Expand Social Media Marketing Solution
ST. LOUIS (Sept. 19, 2018) — Denim Social, a social media marketing solution featuring the only American Bankers Association-endorsed compliance tools, recently acquired two companies as part of its strategic expansion: VidVerify, a video-based communication platform for mortgage lenders, and Insight CRM, a SaaS solution for social media management.
By integrating VidVerify and Insight CRM into its existing capabilities, Denim Social will bolster its product offering for its 260-plus financial services clients who use the platform every day to compliantly distribute social content on behalf of their brands, branches, and employees. Doug Wilber, a fintech industry veteran, will join the company as Denim Social’s new CEO, while Ben April, CEO of VidVerify, will step into the role of chief operating officer. Josh Dennis, founder and CEO of Insight CRM, will join as the company’s first-ever chief technical officer.
“This is a growth story,” Wilber said. “This is about three industry-leading platforms joining forces to become the best-in-class social media marketing suite for companies in regulated industries. These new partnerships and our new executive team give us the ability to dive more deeply into all sectors within the financial services industry, better serve our customers, and position us well for rapid growth.”
Denim Social was founded in St. Louis in 2011. In October 2015, Denim was endorsed by the ABA as the recommended platform for social media marketing, monitoring, and compliance for all ABA member banks. VidVerify was founded in St. Louis in 2010, and Insight CRM was founded in Birmingham, Alabama, in 2011.
As part of its overall growth strategy, Denim Social will leverage the acquisitions to expand the company’s scheduling, management, monitoring, and compliance tools for companies in all regulated industries and across all social media platforms. It’s also quickly securing its position as a robust sales enablement platform, offering financial institutions the ability to personalize and distribute content that engages with customers in a way that makes the institutions true thought leaders in the community. In the past year, Denim Social has increased revenue by 65 percent.
“Through our new partnership, we’ll be able to offer an easier-to-use, more comprehensive product for clients in compliance-heavy industries that might think they can’t use social media effectively,” said April. “Our platform can be a key differentiator for organizations in these industries. We’re excited to explore all the potential opportunities the company has now.”
For press inquiries or more information on Denim Social’s recent acquisitions, contact CEO Doug Wilber at info@denimsocial.com.
Employee advocacy is past; social selling is now. Whatever you call it, brands have long relied on employees to promote their offers, whether by word of mouth or incentive programs. But modern employee advocacy tactics that rely on employees sharing preapproved content fall short in one crucial arena: trust and authenticity.
Reposting brand content isn’t enough. Sure, it gives clients and prospects access to reliable financial advice from trusted sources. Still, it’s no way for financial advisors or wealth managers to build relationships on social media. Reposting is better than nothing but lacks the human connection to transform everyday transactions into meaningful exchanges. Today’s social media users know better.
Half of investors say social media influences who they hire as their financial professionals. Advisors need to post purposefully and make their social profiles an extension of themselves, not just a brand repost feed. The solution? Increase your reach, humanize your brand and build relationships with clients and prospects with social selling.
What Is Social Selling?
Social selling is a savvy marketing strategy where brand intermediaries (financial advisors and wealth managers) post authentic content on their social media accounts. Social selling lets you leverage associates’ networks to showcase thought leadership, engage with clients and build trusting relationships. These authentic touchpoints increase the chances of lead conversion by making the most of advisors’ relationship-building skills online.
You get it: In financial services, products go to market through intermediaries. The same goes for social media. Consider this: Employees have 10 times the reach and double the click-through rate than brand pages have. Social selling can humanize your brand and transform social media into a revenue driver for your institution.
Moreover, social selling enables clients and prospects to meet your advisors on whichever social channels they prefer. They don’t have to take time out of their day and come into an office just to get to know their advisor or start financial planning. Social media has no office hours, so advisors and clients can interact on their terms and time.
At this point, you might be wondering how to pull off social selling in a heavily regulated industry like wealth management. Compliance is the key, not just to staying open for business but also to building trust with your prospects and clients. Luckily, compliant social selling is manageable at scale with supportive tech, teamwork and training.
So, how do you develop and scale a social selling program for your financial institution?
1. Push social selling internally.
Social selling is everyone’s responsibility, not just marketing. It’ll take a group effort to get the initiative started. Unless you win the support of others—including leaders and intermediaries—your social selling vision won’t thrive. Prepare your pitch by gathering data that proves intermediaries can reach your audience. Offer examples of how social selling can amplify your messaging. Create a test group of intermediaries, then gather data to bolster the case.
Compliance is another top concern. Your pitch must clarify that you’ve considered the risks/rewards and the guardrails needed to maintain compliance. Building support for your social selling venture will be the foundation for any momentum going forward. Marketing and compliance teams must work together to get early buy-in.
2. Find the right technology.
Once you’ve got buy-in from internal teams, start finding the right social selling tech. When searching, find a platform that creates efficiencies for your people. Does it leverage organic and paid capabilities? Look for a partner that understands your industry and all its nuances and regulations.
Compliance should be another top priority when considering tech options. How do you ensure content is compliant? Manual labor is an option, but it’s slow. To ensure complete compliance, look for a tech solution to streamline approvals and offer compliance protection at every step. The right tech should support your compliance needs, increase efficiency and empower users to make an impact through social selling.
3. Train and launch.
Once your group of social sellers is ready to go, it’s time to train them. Depending on skill, training could mean starting from the basics or jumping right into strategy. A solid social selling platform will include training on the basics of social selling and how to maximize its potential.
Training intermediaries to understand their role in compliance is another priority that shouldn’t be ignored. Instruct your intermediaries on responding to messages, getting content approval and archiving communication. (Hint: The right tech will help support your training.) Compliance is key to trust-building, so every associate should be empowered to participate.
Next, it’s time to launch. Alert everyone in your institution that your social selling program is live and tell them how they can help. A simple like, share, or follow can help boost your social selling efforts. With the organization behind you, you can start creating and posting branded content with support and momentum.
It might look different, but social selling includes the best parts of employee advocacy. Where it differs is how much farther it can take you toward meaningful relationships with clients and prospects. Social selling allows organizations (like yours) to leverage authenticity, grow thought leadership, ensure compliance and get to know clients on a new level. Don’t wait to get started.
This article originally appeared in Wealth Management on April 27, 2023.
As social media becomes more important for financial services, employee advocacy has become a buzzword for many marketers and their tech providers. Simply put, employee advocacy means the promotion and awareness of an institution by the employees who work there. For example, an employee could share a post on LinkedIn about why they love working at their bank or insurance agency. The focus is at the brand level, and often marketing teams provide their employees with pre-written messages or graphics to share on the company’s behalf.
However, employee advocacy is only surface level and does not truly get to the heart of human interactions and customer relationships that drive the industry. As consumers spend more time online and their expectations evolve, social media is quickly becoming a main channel for interactions with financial professionals. This is particularly true with young people, as Generation Z are almost five times more likely to get financial advice from social media. Instead of employee advocacy, marketing teams should be empowering their agents, loan officers, and advisors with a social selling strategy to drive real, authentic relationships.
What is social selling? It’s just what it sounds like: using social media to sell a product
or service. It’s leveraging social to build personal relationships, showcase thought leadership, engage with prospects, interact with existing customers, and ultimately build trust and rapport that will eventually lead to sales. Social selling offers a better, more effective solution that empowers producers like loan officers, agents, and advisors to have a voice on social and build their networks.
Not sure how to tell the difference? Let’s take a look at a few reasons why social selling is more effective than employee advocacy.
- Social selling gives intermediaries a voice. With social selling, loan officers, agents, and advisors can find their voice and create authentic relationships with their customers. It means much more than a marketing team putting words in their mouth or posting generic brand content. Financial professionals have the opportunity to build thought leadership and even become financial influencers in their communities with social selling. For the marketers that run social selling programs, it also takes the pressure of constantly generating content off their shoulders, giving their teams room for individuality.
- Social selling fosters real relationships. Essentially, social selling is just bringing those all-too-important in-person human connections online. In an age where financial professionals have to meet customers where they are, they can stay in close touch and communicate on multiple channels. All of those interactions work together to build trust and showcase authenticity. It all adds up, too: for instance, half of investors say that social media plays a vital role in who they choose as an advisor. The more that intermediaries get comfortable with social media, the more community they will be able to grow. The opportunity is there, too: 80% of young adults get financial advice from social media.
- Social selling puts a focus on sales. At the end of the day, closing business is the top priority for professionals. It’s called social selling for a reason: intermediaries can engage with prospects at various touch points to move them along the customer journey from start to sale. Social media can be a powerful catalyst for that next step. Over time, institutions can clearly see how much revenue and business social media can bring in based on social growth. Don’t believe it? See how this bank drove a 230% increase in its audience in just a few months of activating a social selling program. The more successful an institution’s agents, advisors, or loan officers are, the stronger it will be as a whole. Social selling is truly a win-win for intermediaries, their institutions, and the customers that will feel valued and heard as a result.
While employee advocacy can be an important first step in getting employees excited about and comfortable with social media, it’s just one part of the puzzle. To truly unlock the power of social media and build relationships that matter online, institutions should look to social selling as a more robust option. Though it can seem overwhelming to take on, building a social selling program can be done with the right tools and resources. See how it works with our Social Selling Playbook for Financial Institutions.
Every social circle contains a few people whose ideas seem to carry more weight and gravitas. These people are influencers. They just seem to know what they’re talking about, and others actively seek their thoughts and opinions.
The same goes for digital social circles. If loan officers from your institution can establish themselves as thought leaders—specifically in loan origination—they can become sought-after sources for financial advice. Thought leadership demonstrates to readers that the person is knowledgeable and trustworthy, which will influence current and prospective clients.
When done right, a thought leadership strategy can be incredibly impactful. In a 2021 LinkedIn-Edelman survey, 65 percent of respondents said a piece of thought leadership content changed their perception of a company for the better, and 64 percent said thought leadership is a more trustworthy basis for gauging capabilities and competencies than marketing materials and product sheets. For banks especially, financial services thought leadership is a powerful way to foster trust and rapport with prospective clients.
The combination of thought leadership and social media augments these effects considerably. Unfortunately, banks tend to use social channels solely for marketing purposes and basic customer service.
Social selling is the use of social media to sell a product or service. It leverages social channels to build personal relationships, showcase thought leadership, engage with prospects, interact with existing customers and ultimately build sales-encouraging trust and rapport. It’s not enough to just “be online;” social selling empowers loan officers to become thought leaders, share with their networks and add humanity and authenticity to branded content.
Why should social selling techniques matter to your bank?
There’s a lot of bad financial advice online. Building thought leadership (especially in finance) allows loan officers to demonstrate that they are trusted, credible experts with clients’ best interests at heart. Prospective clients want to know they can trust your loan reps as human beings. Providing helpful, educational content is a great way to show them your business cares about delivering real value and connection. As a marketer for your brand, it’s your job to empower loan officers to start building those relationships through social selling.
Here are three tips for how to leverage social selling in your bank’s thought leadership strategy:
1. Build trust with prospects
Finance is a deeply personal business, and prospects want to know they can trust loan officers before feeling comfortable talking financial situations and goals. Social selling allows the brand’s loan officers to build direct, personal relationships with customers and prospects.
In times of market volatility or transition within a client’s life, the right thought leadership strategy can really connect. For instance, a blog post or LinkedIn video about debt consolidation loans could resonate with prospective clients who need help organizing their expenses. Or a reassuring Instagram reel about taking out a mortgage in a time of rising interest rates could be just what a first-time homebuyer needs to hear. Empowering your officers to start building these relationships via social selling content is one of your most important jobs in marketing for a banking brand.
2. Stay top of mind with clients
Financial services thought leadership helps your bank stay top of mind and engaged with existing clients. While there aren’t enough hours in the day for your brand’s loan officers to check in with every single client, social selling techniques can help them stay connected and deepen relationships without overworking. Social selling content can provide value to customers while loan officers are doing other vital work to close more loans.
Plus, when marketers help loan officers continually demonstrate their expertise online, the chances of gaining client referrals just increases. For example, offering services for business owners might encourage a social seller to post a guidebook about business loans and prompt an existing client to consider a loan to cover expansion. This guidebook can then serve as a handy piece of content for referrals.
3. Help intermediaries build expertise
While it’s not easy to confront, there is significant personnel movement in every industry today. Loan officers are concerned about their long-term career plans, and thought leadership is a great way to build your team’s reputation—regardless of where they work. Thought leadership content retains its value, even if employees move to another bank or financial institution. You might not be able to allow them to take their book of business, but their expertise and social media networks are intangible.
For these reasons (and more), thought leadership is essential to remaining competitive in today’s marketplace and building trust with clients. By leveraging social selling for loan officers, you’ll amplify your brand-building efforts with prospective clients, other industry experts and even potential employees. A solid thought leadership strategy through social selling will help build brand recognition, support lending teams, and establish lending officers as industry experts. Don’t wait to get started.
This article was originally published in ABA Banking Journal.
It’s not easy out there this spring – for lenders or for buyers. As you consider your marketing strategy, don’t underestimate the potential in social media.
Between market volatility, ever-changing rates and low inventory, there’s plenty of uncertainty. But one thing is certain; market conditions are making it that much more competitive. That means investing in relationships matters more than ever. And today, that means loan officers need to be proactive and stay in touch via social media.
Considering 77% of borrowers move forward with the first lender they speak to when they’re looking for a loan, showing up in a prospect or existing clients’ social media feed can not only build trust, it can help you close more deals.
After months of economic headlines and the break-neck pace of rate change, loan applicants are discouraged. This is a critical time for loan officers to educate prospects about loan options and the realities of today’s market. By doing so, you can strengthen relationships, build trust and communicate your expertise, all of which can create short and long term ROI.
Social media is an essential channel to create connectivity and trust with prospects. Whether you’re just getting started with social selling or are a well-oiled social selling team, it’s important to be aware of present market conditions and adjust your strategy accordingly.
Here are a few tips to stand out on social this spring buying season:
Be an empathetic person, not a brand
This is not an easy market for buyers or sellers. Homebuying is inevitably emotional and as many buyers navigate complexity and uncertainty, they may be understandably frustrated. This is why it’s so important that loan officers show up as humans on social media, not just logos.
Relationships are the heart of the business – people buy from people, after all. You should be a friendly face and trusted confidante on social media.
It’s about more than having a social media profile. Loan officers need to be their authentic selves when posting too. It’s not enough to share brand content, you need to post personalized content. In other words: be a real human on social.
You should extend the same humanity and empathy on social media as you would to applicants in real life. Acknowledging their frustrations is a great place to start. Ask about their concerns. Provide reassurance.
Educate applicants
Use social media content as an opportunity to educate applicants. While you might hang on every rate update, everyday applicants are likely confused and overwhelmed by changing mortgage news. Social selling can help establish loan officers as thought leaders.
You should be on social talking about what’s happening in the market this spring, but remember to use plain, conversational language with the aim to educate followers. In doing so, you’re not only providing value to followers, but also showing off your expertise.
In practical terms, this could mean posting a current news article on Facebook with a “what it means” POV in the caption. Alternatively, you could share a commentary on a rate change in a quick Instagram video. Regardless of the format, loan officers will have success on social media when you personalize the content and simplify complex concepts for followers.
Consistently be part of the conversation
If the past few years in the housing market have taught us anything, it’s that things change fast. The same holds true this spring and that means you need to be there for all the ups and downs on social media too. Consistency has always been key for social media success, but when navigating changing market news, it’s more important than ever.
Social media algorithms favor those who post often and with consistency. That doesn’t mean you have to post every day or try to time the algorithms, but does mean you should stay active and in the conversation. It’s not a set it and forget it kind of thing.
Don’t be afraid to try something new
The marketplace is unpredictable and social media can be too. When it comes to your social selling strategy, don’t be afraid to try something new. This season may be the perfect time for loan officers to adopt a new social media network, like Instagram for example, or try out new post formats. If you’re not seeing the desired results, try mixing it up.
Social selling is a critical strategy to keep loan officers competitive in a tight lending environment. Not sure where to start with social selling? Check out our Denim Social guidebook, How to Launch a Social Selling Program for a Financial Institution.
This article was originally published in MBA Newslink.
Our team recently attended the Global Insurance Symposium in Des Moines, Iowa, which is an educational and networking opportunity that brings together over 500 insurance and financial professionals, along with technology solutions. It was clear that tech-enablement is top of mind for insurance leaders and providers, as the demand for tools and resources that enhance digital customer communications increase.
As a compliant platform that empowers insurance intermediaries on social media, Denim Social is a perfect solution for carriers and agencies that are ready to take the next step toward a modern marketing strategy. As their expectations shift to digital, so should the industry .
Coming out of the GIS conference, our team saw three big trends at the intersection of insurance and technology.
- Uncertain economic conditions are creating new challenges for the industry at large. Now more than ever, agents need to be equipped to be resilient and available to their clients across multiple communications channels.
- Client education is vital. With more and more prospects looking to social media for financial and planning advice, agents have a unique opportunity to educate their communities on basic financial literacy.
- As online insurance transactions grow in popularity, agents must double-down on relationships to avoid losing out.
Despite these changes, insurance agents and agencies that make the client experience their top concern will thrive. No technology can replace the human interaction and care between an agent and their client. To counteract an impersonal approach, agents can find a solution in meeting clients and prospects where they are, when they need it. Social media is essential for doing this in an ever-connected world. By creating personal (and helpful) networks, agents can find that their relationships are stronger than ever.
See how to give agents a voice on social media with this practical guide on Social Selling for Insurance. It’s a non-negotiable for any modern marketing strategy.
Insurance leaders know the value of agents when it comes to product distribution, but smart marketers should be making the case to invest in digital enablement at the agent level. This means extending social media efforts beyond the brand and to the intermediaries building relationships at the local level.
Helping agents feel comfortable on social media and weaving it into their everyday sales mix is much different than managing a social presence at the brand or company level. But when your business goes to market through intermediaries, empowering them on social media is crucial.
Unsure where to start with a social selling program? It can feel daunting, but Denim Social can help. Learn how to set the right tone, train, create content and more in the latest guide from Denim Social: Guide To Social Selling for Insurance.
Connect & Convert on Social