INSTANT 15% INCREASE IN CONVERSION RATES FOR FBTO DUE TO MAGIQ’S DIGITAL MARKETING TECHNOLOGY
Trigger-based digital marketing services enable insurance company FBTO to optimise website content for the individual visitor, identify extra revenue opportunities and increase conversion rates by 15% -
26th November 2009 - FBTO, the Dutch insurance company, has enjoyed a 15% increase in online conversion rates since using newly-launched digital marketing technology from MAGIQ.
Relevant Content is Critical
Jeroen Sijbom, Marketing Intelligence Specialist at FBTO, comments, “Providing relevant content on your website to each individual customer is critical in online retail. By using MAGIQ’s approaches, we are able to do exactly this – we can identify where in the sales cycle individual visitors are, and therefore adapt the messaging accordingly. For example, if the visitor seems to be just browsing and it is their first visit to our site, no specific material would be displayed and the standard home page would remain. However, we are able to identify if the user has visited us several times previously and, based upon what they have looked at before and what they are looking at right now, whether they appear to be interested in the target insurance products. If so, MAGIQ is then able to adapt the page instantly with the content we provide, to encourage the visitor to look at further product information, or even the insurance premium calculator. This method of targeted promotion, and appreciating our visitors’ individual motivations, has given us an immediate boost 15% to our conversion rates.”
Magiq Prospect delivers 30% conversion rate
Magiq’s collation of data on visitors’ interactions with the website also allowed FBTO to take advantage of a second aspect of MAGIQ’s technology. Sijbom explains, “Where visitors had calculated their premiums on the site, but not subsequently purchased any of the products they were looking at, their contact information was sent to our outbound call centre. Armed with the detailed customer information that MAGIQ captured, the call centre teams were able to convert one in three of the prospects – directly resulting in extra revenue, as these were probably products we would not have been able to sell to these customers.”
FBTO is also looking at potentially adopting other products in the MAGIQ suite of services, for instance MAGIQ Retain – an automated anti-defection solution which provides lists of customers who appear to be at risk of abandoning the brand, before they actually do. Sijbom explains, “If we are able to identify early the customers who read the pages on the terms and conditions to ending their contracts with us, we would be able to proactively contact them and tackle the particular issue they may be having, therefore potentially dramatically reducing our defection rate.”
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About Magiq
MAGIQ aims to be the real-time lifecycle marketing company. We have a passion for innovation and helping
our customers achieve great results by exploiting world-class technology to deliver the latest in online and
cross-channel relevance marketing solutions.
MAGIQ's key values are simply stated:
COOL - MAGIQ is a fresh, innovative and engaging approach to cross-channel marketing. MAGIQ is a challenger, unconventional and entrepreneurial. MAGIQ is quietly confident and our solutions command respect.
TRUSTED - MAGIQ comes from a technology pedigree (Celebrus) that large, successful big brand companies rely on. It has history. It is trusted, reliable and won’t let you down.
SMART - MAGIQ stands for raw talent. Its solutions and people are bright, clever and sharp. MAGIQ offers its customers unrivalled expertise.
MAGIQ is part of the Speed-Trap group of companies, an organisation with over 10-years of history in developing world-leading technology for online businesses. MAGIQ’s sister company is Celebrus Technologies whose multi-award winning Customer Insight Platform is used by some of world’s most successful brands such as GHD, Hilton, ShopDirect, P&O Ferries, Hiscox Insurance, AXA, ComparetheMarket.com.
MAGIQ was formed in 2009 to exploit this technology and the emergence of Cloud Computing to deliver affordable, leading-edge solutions.
Media contacts
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Kate Jones/Denis Davies, Berkeley PR
+44 118 988 2992
magiq@berkeleypr.co.uk