Client Successes - Financial Services
BB Marketing Plus has the financial services industry expertise and contacts to identify, develop and execute the marketing programs that will motivate your prospects to buy. Our clients include investors, insurers, consultants, and software firms. We've helped them evaluate opportunities and market asset liability management, loan securitization services, investment data, and health insurance. Their clients include financial institutions such as banks, credit unions, mortgage firms, consumer credit companies, employers, and consumers.


Challenge
Help capital management group decide whether to fund software firm's development of a new clinical payment system.
Process
Devised work plan for evaluating investment decision. Identified sources that could provide information on others' successes and failures in launching similar products and trends that might influence demand. Researched, analyzed and summarized information. Met with developer to identify potential business models.
Results
Determined that market was not ready to buy product as defined.
Outcome 
Client opted not to fund development.
 


Challenge
Help financial software firm identify new revenue opportunities by answering two questions:

Is there was sufficient demand to justify migrating the current product line to a new technology?
What new products and services does the target market require?
 
Process
Identified and sized current and potential market segments. Developed iterative research methodology that maximized the value of individual interviews and minimized overall research costs. Contacted, recruited, and interviewed industry experts, officers at financial institutions, and prospective users to understand market requirements and relative value of potential capabilities. Identified and ranked opportunities based on anticipated demand, time-to-market, and fit with client's mission. Summarized results and presented findings to management team.
Results
Uncovered untapped potential for current product but not enough to justify the investment required to re-platform the product. Also, identified demand for a new web-based solution that client could develop quickly by leveraging existing technology and capabilities.
Outcome
Within six months, the client launched the new product and signed up four accounts. The firm projects 6-10 unit sales over the next 12 months driving the new product line into the multi-million dollar top line contribution.



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"
In the business plan screening process, Barbara Bix brings an ability to quickly study and assess a market and a market strategy and suggest concrete steps to bring the strategy or assessment to a higher, more sophisticated level. She also has an uncanny ability to find exactly the right source of information or person in a due diligence process that can eliminate hours or days of wasted effort."
Mark Duffy
Managing Partner

The Seed Fund
 

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