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With the enormous variety of financial institutions
issuing credit cards for consumers, those companies
that wish to put their particular card in the hands
of targeted consumers are looking to newer, more effective
means of marketing and advertising.
Why? Direct mail comes with great expense, and
is often ignored by the consumer due to intense competition
within their mailboxes. Banks who invest in direct mail
are faced with lower penetration rates, waste, and very
high costs. Telemarketing likewise is equally expensive,
intrusive, and under ever-tightening regulations.
The cost-per-account metrics of these traditional acquisition
methods have caused banks to turn to more effective
and less expensive means of reaching potential applicants.
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The Solution: Trendline
Marketing. Face-to-face interaction. Utilizing just a
small portion of the thousands of events staged nationwide
in the US, financial institutions are able to gain professional
representation of their credit cards on a one-to-one basis
with consumers, further solidifying their brand recognition.
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- Traditionally, the cost
per account of promotional marketing is approximately
$40 less than direct mail.
- By selecting certain events,
banks can segment and target the very audience
they wish to reach.
- Event and promotional marketing
is the only credit card acquisition channel
that meets each potential customer face-to-face.
This is also a great way to get personal feedback
from current customers as well.
- Event and promotional marketing
is a solid method of ongoing brand awareness
and public relations.
- Credit Card Issuers are
becoming aware that event and promotional marketing
is a means to obtain a greater number of accounts
in a much shorter amount of time. A mail campaign
will fully cycle and all accounts realized in
3+ months time, while accounts from events are
booked within 30 days after the venue closes.
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| Trendline Marketing
has extensive experience with this type of case study.
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