Results: Data-Driven Marketing in Action: a Case Study2017-05-22T15:03:50+00:00

Project Description

RESULTS: DATA-DRIVEN MARKETING IN ACTION

Objective:

To focus, strengthen, and track marketing efforts for maximum impact.

Analysis:

With a single-flight onboarding program in place, the institution wanted to test the effectiveness of more comprehensive direct mail as a tool for communicating with new clients.

Action:

Working with their MARQUIS OnTrax consultant, the institution developed a detailed marketing plan utilizing MCIF and direct marketing to match the right product to the right audience. The plan provided detailed data that can be tracked to measure the effectiveness of each action. This gave their marketers the time and information necessary to focus on and target their efforts, maximizing the efficiency of their marketing budgets while meeting institutional goals.

Results:

The client significantly increased its membership, number of accounts, and the value of account balances. Over the past four years, the institution has gained 7,679 new accounts and added $236 million in new balances to its portfolio from the programs implemented by MARQUIS OnTrax and DM services. The overall ROI was 118% over this period.

Just as important, the FI also obtained a better picture of who its clients are, and who its respondents are. Their management team now has a means to track the results of their marketing efforts, one that did not exist prior to implementation of the strategy developed by MARQUIS. This allows them to make the most efficient use of their marketing dollars.

SOLUTIONS USED

MARQUIS MCIF | MARQUIS OnTrax | MARQUIS Creative

Want these results? Contact us today.

  • Contact Us

    Please complete this form and submit. We respect your privacy. As such, we use a double-opt-in procedure that, if you choose, gives us permission to send you occasional promotional or information emails. We still reserve the right to contact you; however, in a separate email, you can choose whether to opt-in to additional communications from MARQUIS.
  • This field is for validation purposes and should be left unchanged.