Global Industrial Enterprise

Background

Identifying optimizations in a multi-channel acquisition strategy

Opportunity

A global OEM manufacturer in excess of $25B in annual sales, was struggling to optimize their multi-channel customer acquisition strategy. They reached out to FUNL to help them capture the end-to-end customer acquisition funnel and synthesize their entire data ecosystem.

Work 

  • Audited and conducted a phased large-scale restructuring of paid ad accounts.
  • Integrated 18 data sources, including paid campaigns, analytics, call center / call tracking, sales, CRM, distributors, to connect bottom of the funnel data to top-of funnel campaigns. The data showed opportunities to improve and what to prioritize.
  • Generated a leadership dashboard, surfacing insights from the data as they emerged in real-time and used those insights to from growth hypotheses.
  • Conducted 100+ experiments in ad formats, channels, messaging, call-to-actions, and other key variables to optimize performance.
  • Tracked campaigns and creative development for all paid media channels, iterating with each experiment to optimize on product value propositions segmented by demographic, geographics and other key considerations. 

Results

  • Within year 1, launched a grew a $100M annual run-rate B2B ecommerce business.
  • Increased leads by 140% and trackable calls by 240%
  • Increased conversion rates by 2.5x while reducing cost to acquire by 20%

We were struggling to pull multiple data sources together in one place so that we could understand the end-to-end customer funnel. FUNL connected and unified everything from top of funnel ad data to deep ERP data, giving us unique new insights to help us optimize our campaigns and dramatically improve performance. The FUNL Data Intelligence Platform is the heart of our decision making process and digital marketing strategy.

CMO, VP Transformation, GLOBAL INDUSTRIAL ENTERPRISE

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