How to wake up customers
PayPal
The problem
Thousands of PayPal users had small change lying forgotten in their wallets.
(PayPal couldn’t just invest it; unlike banks, they only made money on transactions.)
They regularly reminded users as part of their CRM program.
Less than 6% ever opened the emails. Less than 1% clicked.
We didn’t only need to grab attention.
We needed a compelling, easy way for people to use their balance.
Catching attention. Earning interest.
We knew one reason people used PayPal was security, esp. on dodgy sites.
So we collected oddly tempting knick-knacks from ‘offbeat’ corners of the internet.
It gave customers a reason to use. And reinforced the brand promise of online safety.
An idea that turned a routine CRM email into a full-scale campaign
The results
Email click rates went from <1% to >30%
Banner click rates were over 15%, beating benchmarks by an order of magnitude
43% of dormant accounts were reactivated within the campaign period.
Launched in Singapore, the campaign was adapted for 5 APAC markets + ANZ.