Case Study: Lead Generation For FinTech Startup
A South Florida developed a revolutionary marketplace for commercial mortgage lending that allowed borrowers to find their lending solution without the tedious process associated. While the startup was dipping its feet in digital ads but mostly relied on trade shows and face to face opportunities for lead generation. We wanted to show there were other, potentially less expensive, channels to leverage.
Florida has been a hotbed for commercial activity for Americans and foreigners alike. Thanks to the startup’s technology, we were able to qualify leads faster and identify ad targeting opportunities based on region of the state and type of loans available for borrowers.
Commercial lending is often considered an old school business. Borrowers need to trust the source, which requires personal contact. We had to prove we could generate leads with a digital campaign, and more importantly, deliver quality leads to the sales team.
We launched a comprehensive paid marketing campaign that that focused on Google and Bing Ads and cross-channel retargeting.
By testing multiple variants of landing pages, geographic regions, property types and ad creative, we were able to identify best performing segments and metros across the state.
Once leads were being generated in the marketplace, we worked with the sales team to implement automations and processes intended to better qualify borrowers and keep track of progress through each stage.
Our paid efforts helped increase revenue numbers across the board. Our client saw an 80% increase in revenue growth through our ad campaigns. Our landing page tests increased their conversion rate 294% and earned them 49% more monthly paid customers. Our on-site optimizations also affected key metrics across all traffic.
|Monthly Lead Generation||10x|
|MQL to SQL Conversion||+66%|
|Cost Per Lead||-82%|