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 optimize 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.
Note to Editors: This release should be read in the context of the recent launch of Magiq, the on-demand digital marketing company, the press release for which is accessible here.
One of Magiq’s early adopters, FBTO utilized the Magiq Smart and Magiq Prospect concepts to promote its three most popular products – car, home and health insurance.
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, with what has now been launched as Magiq Smart, 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 – now launched as Magiq Prospect. 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, the on-demand digital marketing company, is dedicated to helping marketers communicate more efficiently, freely and effectively with their online customers using data captured from each visitor.
Magiq provides marketers with easy-to-use, cloud-based, pay-as-you-go, online services that compile and use customers’ online behavior and history to optimize and personalize digital marketing communications to the individual.
Magiq uses teams of ‘Gnomes’ to power the services – a descriptive metaphor for those Magiq users with a non-technical mindset reflecting the “service-not-technology” nature of Cloud-based solutions. So Gnomes can be “hired” and given simple and intuitive rules and budgets by the Magiq user to adjust the banners, graphics and text on a page, or identify and categorize a ‘hot’ leads or potentially defecting customers.
Magiq's solutions actually use advanced, proven Web 2.0 Technology and analytics to compile data about customers and visitors. By linking Magiq's automated digital marketing programs to data about individual customers, and their behavior and history of dealing with the site, Magiq can help marketing teams increase conversion rates, improve customer experience and increase customer engagement with the site, brand and products.
Media contacts
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Paul Stallard/Kate Jones/Kate Bartholomew
Berkeley PR
+44 118 988 2992
magiq@berkeleypr.co.uk
