Impact
The multi-channel marketing approach exceeded the client’s expectations, resulting in new opportunities, increased revenue, and a 17:1 return on investment (ROI).
Industry
Financial services and insurance
Problem space
Channel engagement
Services
Multi-channel marketing
Research and data analytics
Recognition
Stop attrition in its tracks
A financial services firm was losing 200-300 of its business banking clients each month and needed to renew its focus on retaining clients. Its goal was to minimize attrition and drive growth by engaging targets via zero-party data collection and one-on-one conversations with bank relationship managers. The ultimate goal was to renew and deepen those client relationships.
A multi-touch approach
We developed and delivered a multi-touch reengagement campaign to C-Suite decision-makers to build awareness and motivate reengagement behaviours through multiple touchpoints. We also rewarded them if they completed a survey. The touchpoints included:
- Launch outreach: email
- Non-responder outreach: email and direct mail kit
- Online client surveys
- Gifts awarded for survey completion
Exceeding growth expectations
The campaign exceeded the client’s expectations. The combination of touchpoints had a positive impact, with 134 new opportunities identified, over $1.6M in new business, 58 business solutions won, and an ROI of 17:1.
Thought Leadership
Learn from the best. BIW thought leaders bring you a deeper look at the business of inspiration.
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