As with many other industries, direct mail retargeting for banks shows great promise. According to the USPS, direct mail retargeting boosts conversions by 20% when compared to conventional direct mail campaigns. If you’re curious about how direct mail retargeting for banks works, read on for a helpful breakdown from Pel Hughes.
How Direct Mail Retargeting Works for Banks
Direct mail retargeting is a sophisticated form of print advertising that merges your digital presence with your physical one to consumers. Using advanced software, retargeting involves sending automated mail to consumers who interact with your bank via your website. Retargeting can be triggered by consumers signing up for e-mail notifications, inquiring about your services through digital customer service platforms, or when they create an account with your financial institution. Essentially, a potential customer will receive a thoughtful follow-up to digital communication/user action by mail within a few days of engaging with your bank online.
Retargeting campaigns are especially useful for new customer outreach, consumer education about your programs and services, and for setting your institution apart from your competition.
Benefits of Direct Mail Retargeting
Retargeting offers unique advantages to banks and financial institutions. First, retargeting fosters a real-life connection with consumers. Receiving mail is a markedly different experience when compared to digital communications. In fact, mail has a powerful effect on consumers because it produces a sensory experience that digital interactions cannot compete with. Touching and reading physical pieces of paper activates parts of the brain related to memory, positive emotions, and trust. Simply put, retargeting campaigns can help you establish a memorable and positive experience with consumers.
Another great advantage to direct mail is the fact that physical mail doesn’t encounter spam filters and pop-up blockers. Consumers are inundated with brand messaging on the web, social media, and e-mail, which leads to a new phenomenon called “digital fatigue”. Fortunately, direct mail retargeting is the perfect workaround to reach consumers in a less overwhelming way.
Other benefits of direct mail retargeting for banks include:
- Higher ROIs than conventional direct mail and e-mail
- Improved open rates because direct mail is viewed as more trustworthy than digital communication
- Merge the physical and digital presences of your bank or financial institution
- Tailored messaging based on a consumer’s digital activity, specific needs, and unique interests
How to Implement Direct Mail Retargeting for Your Bank
If direct mail retargeting piques your interest, give our team at Pel Hughes a call. We are a full-service printing company that provides direct mail retargeting services to businesses throughout the United States, including banks and financial institutions. We utilize advanced technology such as campaign automation and database services to help you hit your marketing and advertising goals. To learn more about direct mail retargeting, click here or call (504) 486-9646.