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Cornhill’s conversion rates up by 40%
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“We
asked Broadsystem to drive
our outbound telemarketing
campaign because we wanted to integrate customer data into our communications
programme.
What a brilliant conversion rate!”
Mike Hayward, DM Manager
Cornhill Direct |
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Objective
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Cornhill Direct General Insurance outsourced
the outbound telemarketing of a new general insurance product to Broadsystem
as it wanted to benefit from a customer contact expertise that was driven
by data profiling. |
Solution
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By applying data analysis techniques to Cornhill
Direct’s customer database, we were able to match selections for
the campaign to the most appropriate profile for its new General Insurance
product. |
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We identified the highest-value prospects on
Cornhill’s customer database and also enhanced the selection process
by choosing those people with the characteristics that generate the best
responses. |
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We used our Customer Contact skills to ensure
the timing of the outbound calls would be appropriate to each prospect,
according to the information held on the records. |
Results
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A highly cost-efficient and productive campaign
that increased sales, reduced wastage and minimised customer irritation. |
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In comparison to previous campaigns run without
data integration, Cornhill Direct experienced an increase of 40% in conversion
rates. |
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Costs per sale were reduced by 50% and the
penetration to DMCs (Decision Making Contacts) increased by 25%. |
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