A title can make a world of difference

“Titles and subtitles are turbocharged text. They are your work distilled,” says Francis Flaherty in The Elements of Story, p.247.

So, don’t just dash off your titles and subtitles. Put some thought into them. Make them convey the main points of your articles or blog posts. You’ll get more readers, if you follow this advice.

For example, which article would you read? One entitled “Cost Basis Records” or “Save Your Cost Basis Records Now, Or Pay More Taxes Later”?

Financial writer’s clinic: Great title, lousy intro

“When Will Housing Recover?” This title reeled me in. I flipped directly to the article, bypassing two others. But what I found disappointed me. I’ll use this article’s mistakes to suggest rules you can follow in your article introductions.

The writing problem: Boring introduction
Then article’s first paragraph stopped me cold. It held a long-winded description of a home price index’s composition. It’s information that I might exile to a footnote if I wrote a white paper on this topic.

Here’s the first sentence of the article: “The S&P/Case–Shiller Home Price indices measure the growth in value of residential real estate in various regions of the United States.”  The first paragraph devotes 247 words to the details of the markets tracked by these 23 indices.

Three rules for an interesting introduction
1. Answer the key question. That’s “What’s in it for your readers, if they slog through your article?” The authors nailed this question perfectly with their title. But they forgot about it when they wrote their introduction.
2. Keep it short. Direct marketers have discovered that readers start to lose interest once a paragraph runs longer than 42 words. Sure, investment professionals have more patience than folks opening junk mail. Still, the authors’ 247 words–almost six paragraphs of words according to direct marketers’ standards–is way too long.
3. Don’t save the good stuff for your conclusion. If you’re like me, you learned in school that you should build your argument logically to a conclusion. Throw that habit away, if you want people to read what you write. At a minimum, hint at your conclusion in the introduction to your article.

My rewrite of the article’s introduction

Everybody wants to know when housing will recover. But you can’t make a meaningful estimate until you understand the data. It seems to us that the severity of the decline has been overstated because of problems with the S&P/Case–Shiller Home Price indices. Once we understand the data better, we can make a case for housing getting on the road to recovery by the second quarter of 2010.

The indices are dominated by states, such as California and Nevada, that have experienced a housing boom followed by a bust. In fact, price increases and declines vary greatly by state. The price of housing in roughly two-thirds of our 50 states have risen–or fallen by no more than 5%–during the two years since the fourth quarter of 2006.

My rewrite isn’t perfect. Some of the sentences are awfully long. But I feel confident that it’s more engaging than the original. What do you think?

 


Your mail has three seconds to grab your reader’s attention

“The consumer decides in 3 seconds whether to trash your mail, or take 30 seconds to scan and prioritize your mail, and 3 minutes to actually sit and read it,” according to a RR Donnelley Direct Marketing Tip of the Day  provided by copywriter Pat Friesen.

That’s why it’s so important to create a compelling subject line for your emails and a strong opening paragraph for your letters.


Related posts:
* When NOT to personalize your email’s subject line  
* Boost readership of your enewsletter with powerful subject lines
* “Email Subject Lines: 15 Rules to Write Them Right”

Top three signs you should hire a freelance financial writer

Investment and wealth managers can deepen their relationships with clients, prospects, and referral sources by writing articles and white papers. Some firms do their writing in-house, while others farm it out.

Here are the top three signs you should hire a freelance financial writer for your articles and white papers.
1. Articles and white papers don’t get written–or take too long to finish–because the experts are too busy.
2. Your publications don’t appeal to readers because they are
     a.  Too focused on features, not benefits
     b.  Poorly written in terms of style, grammar, and punctuation

3. You realize that writing is a poor use of your employees’ investment and wealth management skills.

A savvy freelance financial writer can showcase your executives’ knowledge without eating up their time and energy.


"Starting Your First Blog? 29 Tips, Tutorials and Resources for New Bloggers"

Starting Your First Blog? 29 Tips, Tutorials and Resources for New Bloggers” by Problogger Darren Rowse is a great resource if you’ve just started blogging.


His resources are divided into categories including
* Starting a Blog
* Writing Blog Content
* Blog Promotion/Finding Readers
* Making Money from Blogs
* Further Resources and Reading


I’d also like to recommend Blogging Basics 101: Where there are no stupid questions.


Do your grammar and punctuation affect your credibility?

I believe that bad grammar and punctuation sabotage the credibility of the writer.  The same goes for the company that the writer represents.

For me, bad grammar and punctuation suggest a lack of education and attention to detail. I wonder if the writer’s professional work displays similar weaknesses. Plus, I’m annoyed if poor writing makes me work harder to grasp the point the writer was trying to convey.

Marketing materials–especially long-lived forms such as websites and brochures–should hit high standards to put the firm’s best foot forward.

I’m more forgiving of typos in quickly created, ephemeral communications, such as tweets on Twitter. I’m guilty of typos there and on my blog.

What about you? Does bad grammar and punctuation detract from your opinion of writers and their companies? 
Please answer the poll in the right-hand column of my blog. Also, feel free to leave your comment below.

I’ll report on the poll results in a future issue of my newsletter. The poll will run until June 2009.

 

Jan. 20, 2013 note: I updated the title of this post after an anonymous commenter pointed out my grammatical mistake.

Ways to dream up topics for financial articles

Sometimes you run out of ideas for your financial writing or blogging. Maybe it’s time to brainstorm using approaches offered by freelance writer Susan Johnston in “50 Ways for Writers to Find Article Ideas.”


I’ve selected several ideas from her list of 50
“3. Think about seasonal topics like holidays or national awareness months.” The April 15 tax deadline is a classic hook for financial articles. But you can branch out. For example, Veteran’s Day could inspire an article about benefits for those in the military service.
“7. Take a local story and figure out how to make it relevant to a national audience.” The Madoff scandal may have affected only high net worth investors, but it has implications for everybody.
“24. Follow a forum to see what people are buzzing about.” For example, AARP’s Online Community or the personal finance and wealth management “Answers” section of LinkedIn.
“34. Fill in the blank: ’10 Secrets of _______,’ ‘8 Places to ____’ or ‘5 Ways to __________.’ ” This reminds me of the MadLibs game, but some candidates include “10 Secrets of Saving for Retirement, “Eight Places to Find a Bargain on Insurance,” and “Five Ways to Save for College.”
“46. Take a myth and turn it on its head.” For example, U.S. Treasuries are a safe investment.

Do you have tricks that you use to come up with fresh ideas? Please share them.


Ignore this advice–at least some of it

10 Words to Use in Your Website Copywriting” gives you some great advice. But some of author Eric Brantner’s suggestions need to be adjusted for investment management websites.

Eric lists 10 words that tug powerfully on human emotions. 
     You
     Free
     Guaranteed
     Easy
     New
     Proven
     Results
     Save
     Maximize
     Benefit

     
Can you guess which word I’d ban from your vocabulary? 


Yes, it’s “guaranteed.” Bandying about “guaranteed” can get you in trouble with the SEC.


I have my doubts about “new” when it comes to something as sensitive as your prospective client’s money. I think they may prefer “proven.”


As for “free,” it may seem tacky to offer something free on an investment management website. Sure, you can offer a free report, but don’t hype it like one of those late night TV commercials for a super duper chopping gadget.


“You” is my favorite word on Eric’s list. But I know some firms consider it undignified. They prefer to talk about “clients” or “investors.” What’s your preference?


If you MUST use "secular" in your investment commentary…

…please follow The Wall Street Journal‘s example. Define secular the first time you use it. 

Here’s how Mark Gangloff did it in “TALF and Ilk Won’t Cure Economic Ills” in The Wall Street Journal: “Instead, credit has dried up this time because of the more secular—meaning structural or long-lasting—phenomenon of a debt bubble.”

Secular is great shorthand for conversations between investment professionals. But it may confuse investors who think of secular as the opposite of religious.” After all, see what comes up when you Google “define: secular.”

 

 

Note: Gangloff’s article appeared on March 5, 2009, but his approach still works. I updated this on Nov. 21, 2022.

 

 

 


 

How can I come up with ideas for a weekly newspaper column on personal finance?

That’s the question a newly independent advisor asked me.

Before I offer some ideas, I’m going to challenge the idea that a newspaper column must be weekly. As newspapers decline, this advisor would be lucky to get into print once a month. But let’s assume the paper DOES need a weekly column. How about offering to rotate authorship with three advisors who have different niches?  You’ll reduce your burden and increase the range of topics covered by the column. That sounds like a win-win situation to me. If you know of anyone who’s tried column-sharing, please leave a comment below. 

Once you’ve landed your column, here are some sources for ideas.
1. Questions your clients ask you
2. LinkedIn and other social networking sites–See what questions appear on relevant LinkedIn’s groups. Pose a question in a social networking forum. For example, “What’s your most pressing personal finance question?” or “What questions do you have about managing your 401(k)?”
3. Professional publications–Have you read an interesting article in Financial Planning, Advisor Perspectives. Financial Analysts Journal or some other trade publication? Talk about the topic in plain terms that regular folks can understand.
4. Newspapers, TV, and other media–It’s especially good to pick a controversial topic.
5. Personal finance blogs–There are lots of good blogs out there. For a list of financial and economic blogs read by financial advisors, check out the list on page 3 of my article, “Investment Strategy Blogs Slow to Influence Financial Advisors.” For a more recent list, see “RIA blogs recommended by my Twitter friends.”

Can you suggest more sources? Please leave a comment.

Note: This post was updated on May 18, 2015 to remove a broken link and to add more recent information.