Yahoo Finance What Financial Advisors Really Need to Know About SEO
Search engine optimization (SEO) can be a powerful tool for marketing your financial advisor business. If potential clients are online looking for an advisor to work with and you're not visible in the search results, you could be missing out on opportunities to connect. Implementing proper SEO can make it easier for prospects to find your website or blog. Taking a crash course in financial advisor SEO can help you fine-tune your marketing strategy.
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What Is SEO?
SEO or search engine optimization refers to specific strategies that are designed to increase a website's visibility in search results. Search engines rank websites based a on wide range of factors and the higher your site's ranking, the easier it is to be found in search.
Why is SEO something financial advisors should pay attention to? SEO is important for ensuring that prospective clients are able to find you when they're searching for different keywords. Not only that, but SEO can give you a competitive edge if you're able to outrank other advisors in your niche.
You can also use SEO to build credibility and establish social proof if other websites link back to yours. Backlinks from reputable sites can bolster your domain authority, which is a ranking factor, potentially driving you even higher in search results.
Search optimization isn't limited to search engines either. If you're using social media to market your business, for example, proper SEO can make it easier for your posts or videos to be seen on the platforms that you're using.
How Does SEO Work?
Search engine optimization starts with choosing the right keywords to include in written content that lives on your website including articles, blog posts, white papers and case studies. Keywords are words and word phrases that people type into search engines like Google or Bing. The search engine then delivers a list of results with the website that's considered to be the "best" match for that keyword at the top.
For example, say that someone is using Google to search for the phrase ‘retirement advisor near me'. Google will generate a list of what it considers to be the best results for that phrase based on the person's location. The searcher can then click on each of the links provided to visit that advisor's website.
Keywords are one of the most important factors in SEO rankings but they're not the only thing that matters. While search engines don't disclose all of the factors that affect rankings, SEO experts have determined that things like where keywords are placed on a webpage, how many backlinks that page has and how quickly the page loads can influence your position in search results.
Financial Advisor SEO Tip 1: Do Your Keyword Research
Keyword research matters because it can help you to understand what potential clients are looking for when searching online. Specifically, the goal is to identify:
Relevant keywords in your niche that could help clients find you
Which keywords you have the best chances of ranking for
Competitor keywords
What makes a keyword good? If you're just starting out with SEO, then you may want to look for low-competition keywords initially.
A low-competition keyword is one that you could easily rank for since there isn't a lot of other content vying for a spot in search results. Low-competition keywords are usually long-tail, meaning they have three to five words. These keywords may generate fewer results in search or have lower search volume, but that's a good thing if it allows your content to stand out.
For example, say that you want to write an article about financial planning for your firm’s blog. "Financial planning" is an extremely broad keyword that could be incredibly difficult to rank for if you don't already have an established site. Choosing a long-tail keyword that targets your ideal audience could make it easier to rank.
If your clients are primarily women, for instance, you might choose "financial planning for single women" instead. That term has a lower search volume, meaning there are fewer people looking for it. But if your content is well-written and optimized, that could send targeted search traffic to your website.
Financial Advisor SEO Tip 2: Optimize Your Site for Search
Once you've got your keywords down, it's time to start creating content. You may choose to write content for your website or blog yourself or hire a freelance writer for this task.
There are some basic SEO rules for creating optimized content.
Quality content provides value to the reader while showcasing your expertise.
Keywords are utilized properly throughout the content, including in the title, headers and body.
Each piece of content on your site should have an optimized meta description and title.
Images are optimized using alt text.
Related pages are linked to one another internally.
Pages should load quickly on both desktop and mobile.
Tackling SEO can seem a little overwhelming if it's new to you, so it may benefit you to spend some researching individual aspects of optimization. For instance, you might want to read up on internal linking and how to use it to build "silos" of related content.
You can also look into tools that can help with optimization, such as keyword research tools or AI content generators. Keep in mind, however, that AI-produced content is not perfect and typically requires a human review for factual errors, inconsistencies, misspelled words, dated information and grammatical errors.
Financial Advisor SEO Tip 3: Build Your Authority
Search engines consider the source when deciding how to rank websites. The more authority a site is deemed to have, the higher it may rank in search.
There are a few ways to build authority using SEO. The first is creating topical clusters of content around a specific focus. For example, you might write a series of posts outlining the most important financial steps to take in the first five years of your career or the last five years before you retire. Clustering articles around a single topic and linking them to one another can send the signal to search engines that you're an expert in that area.
Another way to build authority through SEO is to write content that gets quality backlinks. This can be harder to do than simply writing topic clusters, as you have to give other websites a reason to link back to you. Again, this comes back to creating valuable content that people will want to share.
You could also try doing some outreach to generate backlinks. For example, you might offer to write a guest article for an online financial publication or offer yourself as an expert source to journalists who are looking for quotes for their articles in exchange for a link to your site. Keep in mind that you want to ask for a ‘dofollow’ link if possible, as Google considers them to be more valuable than ‘nofollow’ links.
Financial Advisor SEO Tip 4: Leverage Local Search
Local search can be invaluable for driving traffic to your site but it only works if you're on a search engine's radar. For example, if you want to make sure your business is showing up in local Google searches, you'll need to create a Google Business profile. Your profile should include your:
Business name
Business address
Contact number
Website
Hours of operation
Description of your services
Images of your business location
You can also set up profiles on other local search directories to increase your visibility. If you're struggling to gain traction in local search, you might consider using an online lead generation tool like SmartAdvisor. SmartAdvisor connects you with qualified leads in your area.
Financial Advisor SEO Tip #5: Analyze and Adjust
Once you've begun implementing SEO strategies, it's important to track what's working and what's not. The most important metrics to track include:
Keyword rankings
Click-through-rate (this is the number of people who see your site in search and click through to it)
Visitors to your site and where they're coming from (i.e., organic search, social media, etc.)
Bounce rate, which refers to how quickly someone leaves your website after landing there
Backlinks
Google Analytics and Google Search Console can help you track these metrics and they're free to use. There are also paid SEO tools that may allow you to take a deeper dive into what's driving traffic to your content, as well as which keywords are pushing traffic to your competitors.
The most important thing to remember is that SEO is constantly evolving as search engines fine-tune their algorithms. Tracking your metrics and keeping up with the latest SEO trends can make it easier to adjust your site accordingly to maintain your rankings.
Bottom Line
When done properly, SEO can help drive traffic to your website so you can grow your client base. Advisors who aren't leveraging SEO may be leaving a major gap in their marketing plans, considering how powerful free organic search can be. If you're not sure how to go about doing SEO as a financial advisor, consider whether it might be worth investing in expert help to give your website a boost.
Tips for Growing Your Advisory Business
Prospecting taking up too much of your daily schedule? You could use an online lead generation tool to find clients and save time. With SmartAdvisor, you can create an ideal client profile and have leads sent to you, freeing you up to focus on other tasks that are instrumental to growing your business.
Creating content for a website is a little different than creating social media content. Instead of writing long-form articles, you might be creating short posts or video content. Incorporating different types of optimized content into your market plan can increase your chances of being seen while cementing your brand identity.
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The post The Ultimate Guide to SEO for Financial Advisors appeared first on SmartReads by SmartAsset.
