MMC>Knowledge centre>Expert advice>Give your bills a makeover
Give your bills a makeover
Author: Ian Cruickshank, Billington Cartmell
Date: 15 February 2010
The humble monthly or quarterly bill is a largely untapped opportunity to build brand awareness, cross-sell and increase loyalty. Transactional experts Billington Cartmell deconstruct a utility bill, an online bank statement and a mobile statement application to highlight ways to clarify key information and find opportunities to cross-sell other products and services.
And it's not just about sales opportunities - 72% of calls to utility companies and 78% to credit card companies are questions regarding bills or information in them. This has a major impact on customer relationships.
Similarly, only 12% of people understand their energy bills. A lack of understanding not only causes churn, but means people often delay payment.
And don't forget that a well-designed bill will be read and filed for future reference, helping to create a lasting impression and extend the relationship with your brand.
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