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“The beauty of marketing”
GENERAL OVERVIEW

  Bring in 2,000 incremental checking accounts
  People generally don’t like banks
  Wells Fargo, while conservative doesn’t have a super
 positive image
     Bank of America has especially bad image now
        $5   fee for using debit card
     Chase and others have better offers
        Free checking
        iPod giveaways

  Wells Fargo has done way better during these hard
 financial times when compared to the competition
CAMPAIGN OBJECTIVES

  Increase overall awareness of the Wells Fargo college checking accounts
  Increase sales of all of Wells Fargo accounts
  Increase brand recognition
      Create awareness in parents of high school seniors that are looking to open an account for their
       student.
      Traffic into Wells Fargo branches should increase during the months of the campaign
      Time of year when most students are signing up for their first real checking account
  Increasing awareness of the college checking account is done through our
  entire advertising campaign and our promotional activities.
      financial seminars that will be given across Colorado at the local high schools
           Give parents and students financial tips for college
           Help improve the image of Wells Fargo and help push them towards Wells Fargo due simply to familiarity

  The large overall goal of the campaign is to bring in 2,000 incremental
  checking accounts.
CAMPAIGN OBJECTIVES

  Increase sales of their other products simply because the parents are in the
   branch
  Create a life time customer in the student and parent if they aren’t already
      High quality service and great customer service.
      Not the main objective of the campaign
      More products from these students as time progresses.
  Increase brand recognition and help create a better image
      Important for banks at this time.
           People don’t trust banks and currently don’t have a very good view of them
              Create leverage against competition
WELLS FARGO TARGET MARKET ANALYSIS

•  Incoming college freshman in Colorado
  •     Market primarily to their parents, then directly to the students because the
        parents generally still have such a strong influence on their kids
  •     In particular, we will market to those with freshmen going to Colorado
        colleges.
       •    UNC
       •    CSU
       •    CU
       •    Metro
       •    Etc.
  •  Usually 17-18 years old
OUR TARGET MARKET

  Parents of high school seniors
     Ranging from late 30’s to late 50’s

     Want to see their child succeed
         Financially
         Studies

      Range all income levels
         Everyone   is going to college these days with loans and grants
SWOT ANALYSIS

  Strengths:
   Offer many service
   Large amount of assets

   Many locations

   Many ATMs

   Friendly staff

   Well established brand
SWOT ANALYSIS

  Weaknesses:
     Large customer base (No personal relationships)

     High fees

     Bad image as a large bank

     Don’t reach some big market segments

     Not all locations can do everything
SWOT ANALYSIS

  Opportunities:
     Use there well established brand to capture younger market

     Leverage the fact that they can offer more services than other
      banks
     Show that they have the best customer service and friendly
      staff
     Leverage the fact that they have so many ATMs and locations
      that people do not have to travel far, especially college students
     Show how they fared better against other banks through this
      economic crisis
SWOT ANALYSIS

  Threats:
     Smaller banks can have better personal relationships with
      customers
     Other banks are focusing on free services

     Can’t offer large giveaways like other banks can

     Some locations can’t do everything maybe driving customer to
      a bank that is closer
     Seen as “my parents bank” and would switch to a “younger”
      looking bank
     Not as many high tech services like other banks
STRATEGIES

  Financial seminars at high schools
  Advertise:
      Good Housekeeping
      Newspapers
  Promote through Facebook.
  Our tagline:
      “Here for them even when you’re not ”.
         We  want the parents to know that their children are going to be in
          good hands when it comes to banking.
         WOM among satisfied customers
            Free & highly effective

  Incentives:
      2-for-1 ski pass deal
      Financial calendar
CREATIVE IDEAS
CREATIVE IDEAS
STRATEGIES

  Reach the maximum number of potential
  customers with our budget
      Consumer’s evoked set
  Start our campaign in February
     Students are applying for colleges

     Looking to get ready for college
         Buying  dorm supplies
         Setting up accounts
STRATEGIES

  9 areas of Colorado that produce the largest amount of instate college
  students:
      Boulder
      Centennial
      Colorado Springs
      Fort Collins
      Greeley
      Highlands Ranch
      Lakewood
      Littleton
      Parker.
  300 high schools across Colorado
      Large high schools in those areas
  Send Wells Fargo representative to local high schools with branch in
  the same city
      161 branches across Colorado
      Only go 20 miles outside city limits to schools that don’t have a Wells Fargo branch in
       city limits
STRATEGIES

  Financial seminar
  Open to the parents and students (seniors)
      Enlighten them to the Wells Fargo College checking account
      Other topics
           Credit card debt
           Student loans
           Identity theft

    Q&A
    NOT A SALES PITCH!
ADVERTISING

  Facebook
     Fastest growing group of Facebook users

     High school seniors are the largest group of Facebook users

     A place for information

  Good Housekeeping
      Large distribution in Colorado
         239,500
      Targeted towards parents especially towards moms
         Moms   tend to be the parent that helps the student set up the account
  Newspapers
      Still being read by our target audience
      Steady message over 6 months all across Colorado
EVALUATION

  Good Housekeeping
      Cost per thousand
           Page rate/(Circulation ÷ 1,000)= CPM
           $10,095/(239,500 ÷ 1,000)=$42 CPM
  Number of times our ads will be seen
     Greeley Tribune 1,536,000
     Fort Collins Coloradoan 1,800,000
     Denver Post 64,656,000
     Grand Junction Daily Sentinel 2,028,000
     Boulder Daily Camera 2,106,000
     Good Housekeeping 239,500
  3 3x4 ads run per week in 5 different papers which adds up to 366 ads over 6
   months.
             Circulation:
                Greeley Tribune                   20,000 Daily & 22,000 Sunday
                Denver Post                       694,000 Daily & 1,000,000 Sunday
                Grand Junction Daily Sentinel     26,500 Daily & 29,000 Sunday
                Boulder Daily Camera              27,000 Daily & 30,000 Sunday
BUDGET

  Newspaper ads
     3 3x4 ads run per week in 5 different papers at $11 per column inch,
      366 ads over 6 months.
     $9,504 per paper for a grand total of $47,520
  Facebook
     Swift Digital Facebook management
     Design of new college checking account Facebook page
        Premium      design package
            $1,250
     Facebook monthly management
        Platinum management package
          $850 per month for 6 months
          $5,100 for 6 months
BUDGET

  Magazine ads
     Good Housekeeping
      5th most popular magazine in U.S.
      1/3 page 2 color
      Regionally distributed
         Colorado-239,500 copies
         $10,095

  Financial calendars
     Zazzle.com
     $9 per customized calendar
      4,003calendars
      $36,027
BUDGET

  $100,000 budget
     Newspaper ads          $47,520
     Facebook design        $1,250
     Facebook management    $5,100
     Good Housekeeping ad   $10,095
     Financial calendars    $36,027
      Grand   total         $99,992
QUESTIONS?

THANKS FOR LISTENING!

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Wells Presentation

  • 1. “The beauty of marketing”
  • 2. GENERAL OVERVIEW   Bring in 2,000 incremental checking accounts   People generally don’t like banks   Wells Fargo, while conservative doesn’t have a super positive image   Bank of America has especially bad image now   $5 fee for using debit card   Chase and others have better offers   Free checking   iPod giveaways   Wells Fargo has done way better during these hard financial times when compared to the competition
  • 3. CAMPAIGN OBJECTIVES   Increase overall awareness of the Wells Fargo college checking accounts   Increase sales of all of Wells Fargo accounts   Increase brand recognition   Create awareness in parents of high school seniors that are looking to open an account for their student.   Traffic into Wells Fargo branches should increase during the months of the campaign   Time of year when most students are signing up for their first real checking account   Increasing awareness of the college checking account is done through our entire advertising campaign and our promotional activities.   financial seminars that will be given across Colorado at the local high schools   Give parents and students financial tips for college   Help improve the image of Wells Fargo and help push them towards Wells Fargo due simply to familiarity   The large overall goal of the campaign is to bring in 2,000 incremental checking accounts.
  • 4. CAMPAIGN OBJECTIVES   Increase sales of their other products simply because the parents are in the branch   Create a life time customer in the student and parent if they aren’t already   High quality service and great customer service.   Not the main objective of the campaign   More products from these students as time progresses.   Increase brand recognition and help create a better image   Important for banks at this time.   People don’t trust banks and currently don’t have a very good view of them   Create leverage against competition
  • 5. WELLS FARGO TARGET MARKET ANALYSIS •  Incoming college freshman in Colorado •  Market primarily to their parents, then directly to the students because the parents generally still have such a strong influence on their kids •  In particular, we will market to those with freshmen going to Colorado colleges. •  UNC •  CSU •  CU •  Metro •  Etc. •  Usually 17-18 years old
  • 6. OUR TARGET MARKET   Parents of high school seniors   Ranging from late 30’s to late 50’s   Want to see their child succeed   Financially   Studies   Range all income levels   Everyone is going to college these days with loans and grants
  • 7. SWOT ANALYSIS   Strengths:   Offer many service   Large amount of assets   Many locations   Many ATMs   Friendly staff   Well established brand
  • 8. SWOT ANALYSIS   Weaknesses:   Large customer base (No personal relationships)   High fees   Bad image as a large bank   Don’t reach some big market segments   Not all locations can do everything
  • 9. SWOT ANALYSIS   Opportunities:   Use there well established brand to capture younger market   Leverage the fact that they can offer more services than other banks   Show that they have the best customer service and friendly staff   Leverage the fact that they have so many ATMs and locations that people do not have to travel far, especially college students   Show how they fared better against other banks through this economic crisis
  • 10. SWOT ANALYSIS   Threats:   Smaller banks can have better personal relationships with customers   Other banks are focusing on free services   Can’t offer large giveaways like other banks can   Some locations can’t do everything maybe driving customer to a bank that is closer   Seen as “my parents bank” and would switch to a “younger” looking bank   Not as many high tech services like other banks
  • 11. STRATEGIES   Financial seminars at high schools   Advertise:   Good Housekeeping   Newspapers   Promote through Facebook.   Our tagline:   “Here for them even when you’re not ”.   We want the parents to know that their children are going to be in good hands when it comes to banking.   WOM among satisfied customers   Free & highly effective   Incentives:   2-for-1 ski pass deal   Financial calendar
  • 14. STRATEGIES   Reach the maximum number of potential customers with our budget   Consumer’s evoked set   Start our campaign in February   Students are applying for colleges   Looking to get ready for college   Buying dorm supplies   Setting up accounts
  • 15. STRATEGIES   9 areas of Colorado that produce the largest amount of instate college students:   Boulder   Centennial   Colorado Springs   Fort Collins   Greeley   Highlands Ranch   Lakewood   Littleton   Parker.   300 high schools across Colorado   Large high schools in those areas   Send Wells Fargo representative to local high schools with branch in the same city   161 branches across Colorado   Only go 20 miles outside city limits to schools that don’t have a Wells Fargo branch in city limits
  • 16. STRATEGIES   Financial seminar   Open to the parents and students (seniors)   Enlighten them to the Wells Fargo College checking account   Other topics   Credit card debt   Student loans   Identity theft   Q&A   NOT A SALES PITCH!
  • 17. ADVERTISING   Facebook   Fastest growing group of Facebook users   High school seniors are the largest group of Facebook users   A place for information   Good Housekeeping   Large distribution in Colorado   239,500   Targeted towards parents especially towards moms   Moms tend to be the parent that helps the student set up the account   Newspapers   Still being read by our target audience   Steady message over 6 months all across Colorado
  • 18. EVALUATION   Good Housekeeping   Cost per thousand   Page rate/(Circulation ÷ 1,000)= CPM   $10,095/(239,500 ÷ 1,000)=$42 CPM   Number of times our ads will be seen   Greeley Tribune 1,536,000   Fort Collins Coloradoan 1,800,000   Denver Post 64,656,000   Grand Junction Daily Sentinel 2,028,000   Boulder Daily Camera 2,106,000   Good Housekeeping 239,500   3 3x4 ads run per week in 5 different papers which adds up to 366 ads over 6 months. Circulation:   Greeley Tribune 20,000 Daily & 22,000 Sunday   Denver Post 694,000 Daily & 1,000,000 Sunday   Grand Junction Daily Sentinel 26,500 Daily & 29,000 Sunday   Boulder Daily Camera 27,000 Daily & 30,000 Sunday
  • 19. BUDGET   Newspaper ads   3 3x4 ads run per week in 5 different papers at $11 per column inch, 366 ads over 6 months.   $9,504 per paper for a grand total of $47,520   Facebook   Swift Digital Facebook management   Design of new college checking account Facebook page   Premium design package   $1,250   Facebook monthly management   Platinum management package   $850 per month for 6 months   $5,100 for 6 months
  • 20. BUDGET   Magazine ads   Good Housekeeping   5th most popular magazine in U.S.   1/3 page 2 color   Regionally distributed   Colorado-239,500 copies   $10,095   Financial calendars   Zazzle.com   $9 per customized calendar   4,003calendars   $36,027
  • 21. BUDGET   $100,000 budget   Newspaper ads $47,520   Facebook design $1,250   Facebook management $5,100   Good Housekeeping ad $10,095   Financial calendars $36,027   Grand total $99,992