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Choose to Win.Choose Wells Fargo. Lee Freeman         Lyles Armour Aimee HruskaJuana TretoStephanie Miller
Areas Of Importance Introduction Promotion Opportunity Analysis & Communication Analysis ,[object Object],Campaign Objectives Strategies ,[object Object]
Prizes and incentivesTactics ,[object Object]
Tracking Public Relation & Sponsorships  Budget  Lyles Armour  Lee Freeman Aimee Hruska Stephanie Miller Lyles Armour Juana Treto Lee Freeman
Promotion Opportunity Analysis Communication Analysis
Competitive & Positioning Analysis
Opportunity Analysis College Students According to St. Petersburg Times, students are being denied more and more loans Important Decisions Recent Graduates Currently making Important Decisions Likely to stay with chosen bank for many years Wells Fargo’s Current Marketing
Customer Analysis Generation Y Easily Bored Tech-Savvy Brand-Sensitive Not as Responsive to Traditional Marketing
Strategy Objectives
Campaign Objectives Increase foot traffic by distributing scratch cards to new and existing Wells Fargo customers during the six week period starting 01/10/10. Receive 24,760 extra visits from customers by distributing over 3 million scratch cards
Target Market ,[object Object]
Car loans, home loans, student loans Recent College Graduates College Graduates have higher average income Beginning to make important financial decisions Value, safety, and financial incentives will be extremely appealing College Students 4-5 years away from biggest financial commitments Wells Fargo = Preferred Bank
Strategies Implementation January 10, 2010, ending February 22, 2010  College seniors graduating Car and home loans Spring Break and Summer plans Funds Market Segmentation Further segment Current customers  Bank Statements, mail, and online log-in screens Qualified Prospects Direct mail  Street Team on campuses
Consumer Attitudes Cognitive      Affective      Conative Cognitive:Wells Fargo Bank: need recognition and/or brand awareness Affective:Unique and exciting scratch ticket with financial incentives grand prizes = socially desirable products/luxury goods Conative: Consumer finds enough positive reasoning to act upon those attitudes and emotions and participate in the promotion
Product Positioning Strong and unique image    Scratch card        same image Creates exciting and mysterious way to appeal to these customers Competition Offering financial incentives as well Wells Fargo offers additional incentives (points, fee forgiveness, TV’s, car etc.) Creates superior product position
Prizes / Incentives  Prizes 2010 Toyota Prius TV Las Vegas Trip Reward Points ATM Fee Waiver Overdraft Forgiveness
Tactics Tracking & Measurement
MediaSources Mail Direct mail Scratch Tickets Insert with customers’ bills Street Team Campus handouts ,[object Object]
Banner
Posters (college campus)
Internet
Facebook
Twitter
Wellsfargo.com
Restaurants
Local ,[object Object]

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Final Wells Fargo Presentation

  • 1. Choose to Win.Choose Wells Fargo. Lee Freeman Lyles Armour Aimee HruskaJuana TretoStephanie Miller
  • 2.
  • 3.
  • 4. Tracking Public Relation & Sponsorships Budget Lyles Armour Lee Freeman Aimee Hruska Stephanie Miller Lyles Armour Juana Treto Lee Freeman
  • 5. Promotion Opportunity Analysis Communication Analysis
  • 7. Opportunity Analysis College Students According to St. Petersburg Times, students are being denied more and more loans Important Decisions Recent Graduates Currently making Important Decisions Likely to stay with chosen bank for many years Wells Fargo’s Current Marketing
  • 8.
  • 9. Customer Analysis Generation Y Easily Bored Tech-Savvy Brand-Sensitive Not as Responsive to Traditional Marketing
  • 11. Campaign Objectives Increase foot traffic by distributing scratch cards to new and existing Wells Fargo customers during the six week period starting 01/10/10. Receive 24,760 extra visits from customers by distributing over 3 million scratch cards
  • 12.
  • 13. Car loans, home loans, student loans Recent College Graduates College Graduates have higher average income Beginning to make important financial decisions Value, safety, and financial incentives will be extremely appealing College Students 4-5 years away from biggest financial commitments Wells Fargo = Preferred Bank
  • 14. Strategies Implementation January 10, 2010, ending February 22, 2010 College seniors graduating Car and home loans Spring Break and Summer plans Funds Market Segmentation Further segment Current customers Bank Statements, mail, and online log-in screens Qualified Prospects Direct mail Street Team on campuses
  • 15. Consumer Attitudes Cognitive Affective Conative Cognitive:Wells Fargo Bank: need recognition and/or brand awareness Affective:Unique and exciting scratch ticket with financial incentives grand prizes = socially desirable products/luxury goods Conative: Consumer finds enough positive reasoning to act upon those attitudes and emotions and participate in the promotion
  • 16. Product Positioning Strong and unique image Scratch card same image Creates exciting and mysterious way to appeal to these customers Competition Offering financial incentives as well Wells Fargo offers additional incentives (points, fee forgiveness, TV’s, car etc.) Creates superior product position
  • 17.
  • 18.
  • 19.
  • 20. Prizes / Incentives Prizes 2010 Toyota Prius TV Las Vegas Trip Reward Points ATM Fee Waiver Overdraft Forgiveness
  • 21. Tactics Tracking & Measurement
  • 22.
  • 30.
  • 31.
  • 32.
  • 34.
  • 35.
  • 36. Tracking & Measurement Media Sources
  • 38. Public Relations Stakeholders: Employees Stockholders Front Range community/customers Proactive Prevention Strategies: Clear rules about invalid cards Conflict management training Inform all employees Training A company newsletter A PR release (within the company) Information in the break room
  • 40.
  • 41.
  • 42. Wells Fargo Choose to Win.