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Business Summary

Money Crashers is an online personal finance site, devoted to helping people make smarter money decisions in their everyday lives. They provide valuable and relevant information on a variety of topics ranging from ways to save money in your everyday life, retirement, and investments. Their diverse topics range from how to make your home more energy efficient to extreme couponing to the best cash back credit cards.

Why is Trust important for Money Crashers?

Customer trust is the lifeblood of the business. Competition in the industry is high, and there are many other places readers can go for personal finance education. By building a reputation that is based on trust and credibility, they have been able to sustain solid readership growth for several years now.

How they gain Customer Trust

For an online business, it’s not easy gaining trust from people, but Money Crashers has found that building customer and client trust through the reputation of their site is the best way. Quality content is always their number one priority, and they know that readers can see right through any attempts at trying to provide a shoddy service. In addition, it’s best when they try to truly connect with their readers and answer any questions. Readers get a personal response back from Money Crashers as well as maybe seeing a written article based off the question that people have asked. They do a good job to actively engage their readers to participate in discussion-based articles.

Does that Really work?

Responding to peoples personal questions can definitely build the trust in customers. People post real-life questions about their personal financial difficulties which get answered by the authors. Money Crashers has been able to help many people overcome their obstacles and improve their daily finances. By being able to showcase examples like these to other readers, they can immediately prove themselves as a trustworthy and valuable source. Also, the fact that thousands of readers have chosen to subscribe to their daily content is a big reflection of the value they see in Money Crashers.

Other ways to Gain Trust

Communication with the audience is imperative. When writing articles, they write in a way that is easy to read and comprehend while still respecting the intelligence of their readers. It’s important for them to focus on the brevity but also try to maintain comprehensiveness. They know their readers live very busy lives, and need answers to their questions or advice on personal finances in a short and concise fashion. It’s obvious that if their posts were filled with fluff, their readers would be tempted to skip their content and go elsewhere.

An important thing Money Crashers keeps in mind is making sure to never speak “above” their readers. It can be found on competing articles that authors assume the readers are experts on the topic and go right into the finer aspects of the said topic. When Money Crashers speaks, they make sure to define and explain the idea before moving into its more detailed points.

Instead of paying for expensive forms of advertising, they have decided to recently use free forms of advertising that they felt would be more effective. Readers can differentiate between genuine ads and ones that are purely funded by money. Thus, we recently began to utilize some tips to use a Facebook page for business marketing, which has allowed them to only showcase our content and service to those readers who are interested in financial education. The result has been a significant increase in readers, and a reduction in unpleasant people bombarded by unnecessary advertisements!

Showcasing Their Trust

Money Crashers showcases their trust with a little section called “Featured In.” They find that forcing their readers into trusting their site can be a turnoff, thus, they hope their content can speak for itself.

The Future for Money Crashers

Other ways to cater to their readers would be through potentially trying out podcasting and video. Some readers have already shown interest in these areas, so it’s their job to accommodate those people and provide and an alternative way to take in financial education.

You can find Money Crashers at www.moneycrashers.com/

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