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Transition
Archived CEO Strategies Tactics

Product Goal: Generate Non-Traditional Product Sales 

SEGMENTS:
Upscale
Middle Income Depositors

PROFITABILITY RANK:
D, E

STEPS:

  • Identify prospects for your investment sales reps.

  • Generate target lists of Middle Income Depositor "D" or "E" HHs who are
    under 55 years of age and who are single service CD users.

  • Share list with investment sales team who will follow-up.

  • Offer annuities and/or mutual funds.

MARKETING TARGETS FOR MUTUAL FUNDS:

Product-to-Product

  • CD (126)

  • Equity Line (133)

  • IRA (157)

  • MMA (160)

Upscale Segment

  • CD (178)

  • Equity Line (192)

  • IRA (201)

  • MMA (200)

Credit Driven Segment

  • CD (133)

  • Equity Line (130)

  • IRA (186)

  • MMA (176)

MARKETING TARGETS FOR ANNUITIES:

Product-to-Product

  • Equity Line (159)

  • CD (168)

  • IRA (179)

  • MMA (182)

Upscale Segment

  • Equity Line (232)

  • CD (250)

  • IRA (220)

  • MMA (248)

Credit Driven Segment

  • Equity Line (142)

  • CD (167)

  • IRA (198)

  • MMA (198)

What do these numbers mean?

Anything above 100 on the index means above average propensity to use the
product.

The product-to-product correlation starts with the product you are trying to sell
and shows the correlation to other products in terms of likelihood to buy. (the
higher the index, the tighter the correlation).

The product-to-product-to-segment correlation just takes this same data one
step further and shows in key segments the product-to-product correlations are
even stronger.

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