Business

4 Tips to Help You Improve Marketing Productivity

Published

3 years ago

January 29, 2021

Every marketing department is unique. Although each organization seems to expect something different from this arm of the business, there’s one thing every company wants and needs: productivity.

By optimizing your marketing team for productivity, you can get more done in less time and leave space and flexibility to flex your creative muscles. Let’s talk about how!

Four Productivity Boosting Tips and Techniques

Most marketing teams spend the bulk of their time and attention on developing strategies and coming up with creative campaigns. But if you cut through all of the noise and home in on the essentials, strategy is useless without execution.

You have to maximize productivity and get things done … otherwise none of the rest of it matters. In this post, we’ll identify actionable strategies, with insights your team can employ to get ahead. Let’s dive in!

Take Calendars Seriously

We would hope you’re already using some sort of digital calendar in your marketing department, but too many firms are not utterly serious about how they leverage this tool. Here are a few suggestions:

Use the same app. Feel free to use whatever calendar software you feel most comfortable with, but it’s hard to beat Google Calendar (especially if you’re already using other G Suite tools). When everyone uses the same software, it’s much easier to collaborate, add events, modify them, and keep the entire team working together.
Be religious about time blocks. Do you need two uninterrupted hours in your office to work on a project? Block it out on your calendar. This will signal to others that you’re unavailable during this time.
Use the description. Have you ever looked at your schedule and had trouble remembering why a particular meeting was called? Your team can avoid this pitfall by getting specific in the meeting details/description. Make a rule that anyone who creates a meeting or event on the calendar must provide at least two or three sentences that describe what will be covered and the expectations leading up to the meeting. This will make every meeting on your calendar more efficient and productive.

The above are just a few ideas. The point is to be intentional about how you utilize the calendar. Yours should provide clarity, not create confusion.

Replace Meetings With Huddles

There’s an undeniable time and place for long meetings, but they should be few and far between. In fact, most of them can probably be replaced with huddles. Here’s what makes a huddle different:

Unlike a meeting — which might eat up 30 to 60 minutes — a huddle lasts for a maximum of 10 to 15.
Never invite more than five people to a huddle. In many cases, only two or three are necessary.
A huddle always starts on time and ends on time. (If the entire agenda gets covered within the first few minutes, it’s perfectly fine to end the meeting early.)
If something turns out to require an in-depth conversation or starts to consume too much time, push it to the side and let the relevant parties follow up after the huddle.
Every huddle should end with clear expectations. If a task is created, a responsible person should be identified and assigned to it.
Huddles are generally most effective when held at the start or end of the day. However, a midday huddle around lunchtime can serve as a good opportunity to hit the “reset” button and make sure everyone is on the same page.

As your team gets more comfortable with huddles, you’ll notice that traditional meetings may become a thing of the past. There will still be times when a longer meeting will do the trick, but your calendar won’t be clogged with them, the way it has in the past.

Leverage Intranet Software

If your marketing department is like many others, you have a divided team of coworkers spread across a range of locations. Whether you’re 100 percent remote, semi-virtual, or have a mix of full-time employees and part-time freelancers, trying to keep everyone operating together can be challenging.

What you need in this situation is an intranet solution. Intranet software basically serves as a private, centralized portal for your team. It enhances collaboration, eliminates distraction, and makes it easy to organize and find files, communications, and resources. The result is greater productivity across the board.

Numerous intranet solutions are available to choose from, but you should look for an option that integrates with your existing tech stack. If you’re already using Google’s G Suite, a platform like Happeo is a good choice. It integrates seamlessly with all G Suite apps and third-party tools, which will empower you to get the most from these technologies.

Get on the Same Page With Sales

How many times have you heard someone discuss the importance of sales-marketing alignment? It’s one of the most common suggestions we hear, but it rarely gets executed properly.

If you want to increase productivity across your firm, you’ll need to see sales-marketing alignment as more than a general objective. It must become a practical point of execution.

“The truth is that aligning with sales and building trust among departments will spark an immediate rise in productivity,” writes Ray Kemper, CMO of Televerde.

“Agenda items here include developing a common set of definitions on what a lead is and agreeing on when that lead is qualified for sales. The teams will also need to agree on a standardized process and timeline for lead follow-up.”

As you align sales and marketing, you’ll find that much of the confusion that previously plagued your conversion funnel dissipates. It’s no longer a “sales vs. marketing” situation. Everyone pursues the same fundamental objectives and outcomes.

Give Your Marketing the Boost it Needs

Want to make the most of your marketing strategy and creative initiatives? Begin with learning how to prioritize productivity.

Sure, every marketing team is different, but the techniques outlined in this article should furnish you with the resources you need to be more efficient. Take a few moments to review each of these tactics, then implement the ones you feel have the potential to have a direct impact on your operations this week.

(Hint: Sometimes the smallest changes have the greatest effects.)

Business

Opportunities for Black Banx in Emerging Markets

Published

3 days ago

May 5, 2024

Matthew Wiles

A significant digital transformation is underway in the world of finance, marked by the emergence of non-bank innovators offering a diverse array of financial technology products and services. This transformation is not confined to established markets; rather, it extends its reach into emerging economies, offering a compelling digital alternative to traditional banking institutions. These alternatives are particularly vital in addressing the issue of financial exclusion, which has left substantial populations underserved by traditional banking systems.

Among these innovative digital banking entities stands Black Banx, a fintech brand dedicated to fostering financial inclusion in emerging markets by seamlessly integrating banking services into digital ecosystems. Founded in 2014 as a visionary concept by German billionaire Michael Gastauer, Black Banx swiftly evolved into a global force in the global financial market Officially launched in 2015, the institution rapidly garnered international recognition, extending its services to 180 countries and territories from its inception. Within a mere 12 months of operation, Black Banx amassed over 1 million customers, marking its initial expansions in key regions such as the United States, United Kingdom, and Hong Kong. At present, with a customer base exceeding 40 million as of February 2024, Black Banx stands as one of the fastest-growing digital banks not only in developed countries but also in emerging markets.

What Are Emerging Markets?

An emerging market mostly describes the economic landscape of a developing nation progressively engaging with global markets during its growth trajectory. These economies possess some but not all of the defining characteristics of developed markets, which typically exhibit robust economic growth, high per capita income, well-established equity and debt markets, foreign investor accessibility, and a reliable regulatory framework, according to Investopedia.

As emerging market economies evolve, they tend to integrate more deeply into the global economy. This integration fosters increased liquidity within local debt and equity markets, heightened trade volume, and augmented foreign direct investment. Moreover, these economies witness the emergence of modern financial and regulatory institutions as they transition from low-income, less developed, often pre-industrial states to modern industrial economies with elevated standards of living.

With improving standards of living, the demand for financial security and opportunities escalates, underscoring the pivotal role of banking services. However, traditional banks face challenges stemming from bureaucratic processes and sometimes limited services. Conversely, fintech firms are gaining prominence owing to their convenience, user-friendly interfaces, and expedited signup procedures. Furthermore, their accessibility anytime and anywhere with internet connectivity enhances their appeal to the public.

Strong Demand for Financial Technology

The surge in digital banking adoption, particularly conspicuous in emerging markets, owes much to innovations originating in these regions. For instance, nearly nine out of ten consumers in the Asia-Pacific region, encompassing both emerging and developed markets, actively utilize digital banking services, with a significant portion expressing openness to expanding their usage through digital channels.

Enthusiastic adoption of fintech tools and e-wallets among consumers in emerging markets has propelled the market penetration of these innovative solutions beyond levels observed in developed markets. In the emerging Asia-Pacific region, the penetration of fintech apps and e-wallets surged to 54 percent in 2021, compared to 43 percent in the developed segment. This is indicative of the accelerating shift towards fintech transactions and services, as per McKinsey & Company.

A portmanteau of finance and technology, fintech refers to the burgeoning industry of companies utilizing computer programs and other technologies to provide support or enable banking and other financial services. In developed nations, there’s been a rapid expansion and adoption of fintech technologies ever since businesses and even governments started accepting digital financial transactions as a standard mode of payment. But even in emerging markets, the demand for fintech has also skyrocketed as more people report a diminishing reliance on cash for weekly expenditures.

Identifying Opportunities in Emerging Markets

Launching a successful digital bank entails navigating a myriad of challenges, irrespective of the market’s maturity. However, digital banking in emerging markets presents its own unique set of hurdles, particularly in securing widespread adoption among mass-market consumers. To thrive in any market landscape, a digital bank must first establish meaningful access to its target customers. While the initial interaction may appear straightforward in the digital realm, the reality proves more nuanced.

The proliferation of digital advertising notwithstanding, capturing customer attention remains a formidable task, compounded by the intricacies of onboarding procedures, even for digitally savvy clients. Moreover, the reliance on app downloads as a precursor to engagement further heightens the barriers to entry as first-time users may find them intimidating.

Building a solid trust relationship with customers is important for digital banks to maximize their opportunities in emerging markets. Trust, arguably the linchpin of sustained usage, demands meticulous investment in creating positive onboarding experiences and fostering comprehension of banking channels and products. However, achieving this trust quotient is not easy, especially in emerging markets with lower access to financial services and digital literacy.

Black Banx’s Success in Emerging Markets

Black Banx is a digital bank focused on empowering financial inclusion in emerging markets by integrating banking into digital ecosystems. It was founded by German billionaire Michael Gastauer who always believed that well-designed financial services have the potential to uplift even the most marginalized segments of society, providing them with enhanced economic opportunities.

Consequently, Black Banx is steadfast in its mission to promote financial inclusion while harnessing the advancements within the fintech landscape. Today’s digital technologies offer unprecedented tools to reconstruct banking paradigms, especially for those underserved by traditional financial institutions, with smartphones and laptops serving as gateways to financial empowerment. But while Black Banx makes use of the most advanced fintech technologies, including blockchain and artificial intelligence, it delivers an intuitive and easy-to-navigate user experience through its website and mobile app so even the inexperienced or less tech-savvy consumers won’t have a hard time using its platform to carry out financial transactions.

With his expertise and decades of experience in the financial industry, Gastauer has a keen eye for trends and what works in different markets. So instead of delivering different experiences for developed and emerging markets, the renowned fintech mogul opted to roll out the same suite of services to both because of his motivation to realize financial inclusion and offer only the best banking experience to all. As such, Black Banx facilitates seamless transitions between physical and digital currencies and even cryptocurrencies. The digital bank also tailors its channels to accommodate customers at various stages of their digital journey, ensuring that they feel guided every step of the way until they achieve their financial goals. All of these contribute to Black Banx’s success in emerging markets.