This piece examines the customer acquisition channels available to lenders in competitive markets and questions whether marketing budgets are being allocated optimally across them.
Ping trees aggregate real-time applications where lenders bid for leads; search engine marketing means bidding for keywords that can quickly become expensive; banner ads mainly build brand awareness; and retargeting tracks browsing history to serve relevant ads across partner sites.
Direct mail requires larger upfront cost but attracts organic customers, while email becomes cost-effective once a database exists. SEO and content marketing are described as the best and least costly long-term traffic driver.
MaxDecisions emphasizes direct mail as its most measurable channel, having delivered over 100 million pieces, combined with email follow-up and optimization across PPC, lead generation, and email using custom risk and response models.
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