ANZ CMO Sweta Mehra: ‘There’s only so far you can go with paid media’ – why ANZ is investing heavily in its owned media assets; 85 million impacts a month across ANZ channels triggered a ‘mindset shift’ for marketing team
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Show Notes
After ANZ CMO Sweta Mehra commissioned owned media specialists Sonder to conduct a valuation and audit of the media assets the bank owned and managed, her big discovery was that circa 85 million impacts a month, mostly from ANZ customers, were under leveraged by the business.
Now ANZ’s marketing team think first about their owned channels before developing paid media briefs. New content hubs coupled with ANZ’s two year investment overhauling its tech and personalisation capabilities, for example, has seen “up to a tripling of conversion rates”, says Mehra.
Sonder Co-Founder Jonathan Hopkins says ANZ also has a big upside in acquiring new customers from its owned media assets, not just better cross-selling of products to existing customers."ANZ have screens outward facing in most branches around the country - in some cases they can also do customer acquisition."
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