Results You Can Take To The Bank
Net Conversion continually utilizes the most measurable channels and partners to power our audience-first strategies.
Situation
We’re constantly testing new partners and channels at Net Conversion, and found an opportunity for ABC Fine Wine & Spirit with Cardlytics – a platform that deploys ads across digital channels from a network of banks. Given COVID-19’s impact on alcohol sales (people are DRINKING), we saw the opportunity to acquire market share and increase loyalty.
Objective
- Measure the effectiveness of Cardlytics’ campaigns through Return on Ad Spend (ROAS)
- Achieve $2.50 ROAS on our latest flight
Implementation
Cardlytics uses purchase intelligence to reach new and existing customers. What bank apps know that we don’t is whether or not a consumer has bought alcohol at ABC or from a competitor within a certain period of time. In our first campaigns with Cardlytics, we used that data to form three audience segments:
- New Shopper: has no purchases at ABC in the past 12 months
- Light Shopper: has 1 ABC purchase in the past 12 months
- Moderate Shopper: has 2-3 ABC purchases in the past 12 months
To incentivize loyalty and win more share of competitors’ purchases, we deployed unique offers to each audience segment within the banks’ platforms on mobile, desktop, and email.
Results
In the month of June, we reached nearly 300k shoppers and drove a ROAS of $4.52 – an +80% increase over our initial goal.
In our next flight, we’ll be capitalizing on the industry’s demand surges even further by nurturing COVID shoppers with new dedicated audience strategies.
300k
Shoppers Reached
$4.52
Return on Ad Spend
