Micronotes.ai Logo
  • What We Do
  • How We Do It
  • Products
  • Who We Are
  • Blog
  • Request A Demo
  • Log In
Micronotes.ai Logo
  • What We Do
  • How We Do It
  • Products
  • Who We Are
  • Blog
  • Request A Demo
  • Log In
  • What We Do
  • How We Do It
  • Products
  • Who We Are
  • Blog
  • Request A Demo
  • Log In
Micronotes.ai Logo
  • What We Do
  • How We Do It
  • Products
  • Who We Are
  • Blog
  • Request A Demo
  • Log In
Blog
Home Blog When Did Selling Become Bad for Business?
Blog

When Did Selling Become Bad for Business?

micronotes_admin June 7, 2019 0 Comments

By Christian Klacko, Cofounder and COO, Micronotes

This week I attended a webinar with an interesting premise: It used Netflix as an example of how to successfully engage digital customers. The presentation focused on how bankers can take some tips from the Netflix playbook to meet the needs of customers who rarely visit branches.

After the initial compliments for all things Netflix, the presenters showed a screen shot from an anonymous bank’s website. Thinking this could be a good example of how bankers can engage digital users, I was curious to see where the presentation was headed.

I was quite surprised to hear one of the presenters say “Here’s an example of what not to do,” as she went on to say it didn’t matter which bank website she showed, because “of the hundreds of websites that we’ve gone through… a lot of them are virtually the same.”

She leveled the criticism that “95 percent [of bank websites] are focused on getting customers to online banking, and then beyond that to upsell and cross-sell and get them to those opportunities. So, the website for many is being used for selling, and not for transactions or support.”

What type of business is interested in selling products and services to its customers? Just every one I’ve ever worked for or engaged with!

Of course, providing easy access on your website to whatever information the visitor seeks is a good idea. But in a webinar aimed at bankers—who universally struggle to engage with customers they seldom see—being critical of efforts to drive revenue growth by also focusing on selling really misses the mark.

168
830 Views
"Hey, Erica, Make Me an Offer"Prev"Hey, Erica, Make Me an Offer"May 31, 2019
Does Monzo Mean Gonzo for Traditional Banks?June 14, 2019Does Monzo Mean Gonzo for Traditional Banks?Next

Related Posts

Blog

Does Monzo Mean Gonzo for Traditional Banks?

By Kevin Flanagan, Director of Marketing, Micronotes This week’s announcement...

micronotes_admin June 14, 2019
Blog

“Hey, Erica, Make Me an Offer”

By Kevin Flanagan, Marketing Director, Micronotes This week, Bank of America issued...

micronotes_admin May 31, 2019

Recent Posts

  • The Hidden HELOC Opportunity: Why Inflation-Adjusted Data Reveals Untapped Consumer Borrowing Capacity
  • From Offer Management to Market Domination: How Automated Prescreen Technology Transforms Financial Institution Growth
  • Illuminating the Path Forward: How AI-Driven Financial Institutions Are Outperforming Traditional Data Approaches
  • Rethinking Silos: How Technology Optimization and HELOC Marketing Converge in 2025
  • Capturing the 2025 Auto Lending Opportunity: Looking at the Dashboard
Categories
  • AI 22
  • Auto Lending 1
  • Behavioral Economics 1
  • Big Data 18
  • Blog 16
  • Brand 1
  • Community Banking 22
  • Community Financial Institutions 6
  • Compliance 1
  • Consumer Loan Business 9
  • Credit Trends 1
  • CRM 2
  • Customer Retention 12
  • Deposits 15
  • Digital Engagement 4
  • Gen Y 1
  • GenZ 10
  • HELOC 4
  • Home Equity Loan Consolidation 4
  • Life Events 6
  • Loan Growth 12
  • Marketing Automation 14
  • Net Promoter Score 2
  • New Customer Acquisition 19
  • NEWS 1
  • NPS 1
  • Online Banking 5
  • Personalization 24
  • Prescreen Marketing 25
  • Research 1
  • Retention 2
  • ROI 2
  • Sustainability 1
  • Uncategorized 2

Micronotes.ai Logo

What We Do
How We Do It
Products
Resources
Who We Are
Blog
Request a Demo
Free Growth Analysis
Log In

Privacy Policy | Copyright © 2024 Micronotes Inc. All Rights Reserved.