Bancaso
Launch of a “Payday” Loan product in Los Angeles. Lead Gen & Online Sales
Multiplied conversion ratio by 5X. An Iffective client, Bancaso, a payday loan company in the West Coast originally had a 2.6% conversion ratio. To increase the conversion ratio we did the following:
- Redefined the target groups through relevant consumer insights
- Rewrote the Call-Center scripts
- Redid the TV commercials
- Re-negotiated our agreements with several radio networks in addition to TV
- Applied regression analysis to all our radio buys.
We successfully increased the conversion ratio from 2.6% to 12.6% in 6 weeks.