Four Ideas for Bigger Bank Promotions

by dsmith on November 21, 2009

It’s a constant challenge to create new and unique campaigns that bring in new customers. Offering chances to win big money makes perfect sense for banks. Shareplus Federal Bank’s recent campaign for example, brought in over 500 new customers. How? In part by dangling a chance to win $50,000 as part of their big 50th anniversary.  But how do you do it? Here are a few simple ideas for incorporating a big offer into your marketing efforts.

Super Size Your Spiff (any objective)

Lots of banks offer an incentive to open an account. How about offering a chance to multiply that incentive by 5, 10, 20 or 100 times?  Supersizing the prize will help you turn more heads and get attention so you have an opportunity to get your message through.

There are a number of ways you can offer the prize but the easiest way is to give the prospect or customer a code that’s redeemable on line. The code itself can be printed, distributed in an email or included in broadcast or direct-mail media. Printed cards are handing for leveraging your events and sponsorships. Unique pass phrases for each event will help you track the effectiveness of your event marketing activities.

The online prize fulfillment offers opportunities to collect a little more information from the prospect and present some additional on your solution such as a video, a Flash presentation or simple HTML. This message could be customized by the Passphrase that’s entered. For example, maybe you have multiple locations. The Code entered could be keyed to specific locations, displaying unique content for each.

The visitor completes this page, clicks next and the prize result is displayed. The prize displayed could be the grand prize, or one of a number of secondary prizes or discount offers. A confirmation email is delivered to the contestant.

Conversion to Electronic Statements

The same mechanic used for the Spiff promotion also works here. Drive consumers to a promotion page, enter the code and watch a short presentation on the benefits of e-billing. Interested prospects could complete a short form that sends a link in an email to sign up for e-statements.  Also the thank you page that displays after the prize result is shown could take the consumer to e-statemement sign-up page.

By using a promotion-specific landing page, there is no need to impact the client’s current website, reducing the complexity of the program.

Win Free Samples! (any objective)

Who doesn’t want to win free samples from a bank! This is a great theme that can use the same “prize code” mechanic as outlined above.

Let’s say the offer is something like ”come by the branch to win free samples.” You could have prospects come into the bank, and use an online promotion page to fulfill the prize, while the customer is sitting in front of you. You just log on, enter the prospects “promotion code” and their prize is instantly displayed.

SCA’s gameZizzle platform is a good fit for this type of promotion where you are in a retail or event setting and need an instant prize result.

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Sweeps Registration Via Cell Phone

by admin on November 21, 2009

At a recent trade show we ran a promotion that asked potential contestants to register via their cell phone. In the booth were signs prompting people to text a code to play one of our themed game shows called “Blackjack Bonanza” that offers a chance to win $250,000.

 

At a given time, a winner was randomly selected from those registered. That person had to be in the area to participate. We only had to select a couple of people before we had one that was present and ready to play. We’d done it before but this is the first time I was on hand to see it live.

 

I mention this here because the process was suprisingly easy. If you’re running a promotion at a trade show, festival or sporting event, you may want to consider a “virtual draw” using mobile phones. It eliminates the paper and speeds up the process.

 

One of our mobile marketing partners provided the engine to make this happen. Comment or shoot me an email though the contact page and I’d be happy to pass along the info.

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Television Station Drives More Traffic With Prize Promotion

November 21, 2009

KOLR TV in Springfield, Missouri was looking for a new and creative way to promote two sponsors, Sport Boats USA and Marshfield Chevrolet, while also advertising their upcoming Spring sales period.  Using the traditional drivers license match format, KOLR incorporated an interactive component allowing all three groups to compile a targeted marketing database, extend their [...]

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CSUDH Readies for $10,000 Shootout at This Weekend’s Basketball Games

October 24, 2009

Carson, CA — Teaming with the CSUDH Office of Student Life (OSL), Toros Athletics has five (5) remaining nights on the 2007-08 schedule for a lucky fan to win $10,000 during halftime of a men’s basketball game, beginning with this weekend’s contests against Chico State on Friday, January 25, and against Cal State Stanislaus on [...]

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Enhancing Mobile Promotions With Big Prizes

October 24, 2009

It’s guaranteed that most people leave home with at least these three things: wallet, keys and cell phone. So it makes sense that the mobile platform is becoming the new screen for interactive marketing and promotions.  Even consumers not hip on texting their every movement can receiving and view a text message on their phone, [...]

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Promo Boosts TV News Viewership

October 23, 2009

KAPP TV, Yakima, WA. offered a chance at $25,000 instantly and a guaranteed free TV every day for 15 days. The promotion increased viewership of the morning newscast, since that was the only place you could get  the daily keyword to play. Through a product trade for airtime coordinated by Incentives Plus Network, LG provided the guaranteed [...]

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Combine Twitter With Big Prizes and Drive More Traffic Faster

October 22, 2009

What’s the fastest, easiest way to reach thousands of prospects and customers instantly for free? Besides email, it’s Twitter. Twitter is fast becoming a staple in marketing tool kits. Companies using it effectively are driving more traffic to their websites, building followers and reducing marketing clutter (and cost!). Listeners, customers, prospects, clients – they subscribe [...]

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Cable Companies Use Promotions to Increase Sales

September 28, 2009

This article is a little old, but still applies. It talks about how cable companies are using promotions as a value add in selling their schedules, especially during the Christmas holidays. Includes examples of how affiliate cable companies are leveraging national sweepstakes conducted by HGTV and others. Same ideas apply to other industries. . . [...]

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World’s Longest Basketball Shot

September 28, 2009

Amazing basketball shot. And a great basketball promotion idea. This idea could be adapted for other sports as well. . . long football shot . . . long baseball throw. What works in your facility? If you’re a sponser, maybe you run prelims at an alternative location or use an online game to build registration. One lucky contestant gets [...]

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The Wolf Million Dollar Twitter Promotion

September 2, 2009

Dallas Radio Station 99.5 The Wolf offers up the big money in a first ever $1 million Twitter Song of the Day contest. Through September 4 To qualify, listeners tune in to The Wolf between 8/31/09 and 9/4/09 and listen for the Twitter Song of the Day.  After registering on Twitter and following The Wolf [...]

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