myFICO is the consumer division of FICO, launched in 2001 to help consumers get their FICO® Score directly from the people that make the FICO Score. myFICO enables consumers to monitor their credit & identity to help achieve their financial goals.
myFICO came to Closed Loop looking to increase their overall revenue from paid search while also improving profitability on campaigns. Non-Brand terms, in particular, were losing money and the campaigns were too reliant on brand terms.
Using Forager, Closed Loop was able to blend myFICO’s lifetime value data with original ad source data to reveal where there were opportunities for growth as well as improvements for efficiency. The Closed Loop team went to work restructuring the campaigns to provide better control over budget, optimize the use of match types and keyword selection, and reinforce searchers’ intent in the ad copy.
increase in revenue
increase in profitability
increase in conversion rate
Optimizing Based on Customer Journey: How we worked with a leading credit score monitoring company to increase ROAS by 4X, decrease cost/order by 64%, and increase orders by 267%.