I was recently chairing a session at the CrossMedia 2013 conference at London’s Design Centre. The main attraction on my watch was a case study from thereadingroom, the digital activation agency. The case in question was for Moneyforce, a financial education website aimed at helping members of the armed forces personnel improve their financial literacy.
Having read the presentation in advance I was impressed with what had been achieved. The site had been developed to help members of the armed forces personnel become better equipped with money management. Unlike most, given the nature of their employment, the armed forces find themselves between not needing that much money for themselves when on active duty to having a few thousands pounds in their account when they are on leave which then needs to last for the period of the leave, and beyond for their dependents when they return to active duty. Those who don’t manage this situation well often suffer from stress.
Most financial advice served up to this audience isn’t tailored. Given the size of this diverse group with different levels of attainment and experience, mass financial brands can’t sustain specificity of focus.
But this dedicated site is built around armed forces segment personas which enables visitors to recognise themselves and their financial behavior. This gives the visitor confidence in the advice that is provided, so they are more inclined to follow it through.
The MOD had identified that the number one cause of non-military stress is finances and financial education is often blamed. They needed to do something about it. http://www.moneyforce.org.uk is the result. It seems pretty simple when put like that. But it was only when I met with speaker Jamie Griffiths, Divisional Head at Readingroom beforehand did I fully appreciate just how unordinary an outcome like this being achieved really is.
Whilst the problem was identified by the MOD, it would be fair to say that a detailed ‘customer segment’ solution would not be an approach they have the capacity or funds to achieve given the stretch on budgets and the myriad of other military related challenges on the MOD’s agenda. But that’s exactly what has been achieved.
This to me is a great example of a strategic partnership where every party has a differing agenda, which independently they will achieve in an adequate, but probably unsatisfying way. But when they come together they achieve so much more which they can all be proud of and exceeds their individual expectations. And it is this collaboration which is unordinary in its concept and brilliant in its execution.
The evidence of the performance is in the stats Readingroom shared on the day of the event.
More impressive is the type of feedback achieved from site visitors. which demonstrates it’s adding real value to those lives it was intended to make better:
“I think the information is engaging using real life examples made the issue of personal finance reflective” – Armed welfare officer
Posted by Christopher Brooks, Director, Lexden
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