Wheelhouse DMG’s Paid Search and Paid Social Strategy Grows Lead Volume 10x and Cuts CPL 68%
Accelerate lead generation for an online funding platform while reducing cost per lead.
THE CLIENT – lighter capital
Lighter Capital is a financial firm specializing in providing non-dilutive, revenue-based financing to early-stage technology companies.
Our Results
157%
Increase in conversion rate
$200M
Subsequently raised in funding to support high growth start ups
68%
Decrease in cost per lead
Challenge
Give us as many qualified leads as you can.
Lighter Capital is an alternative funding source for high-growth technology companies. Founded in 2012, Lighter Capital typically provides revenue-based expansion capital without requiring equity in return. The company originally came to Wheelhouse DMG® for help with accelerating lead generation for its online funding application process.
Approach
Carefully build and manage campaigns to maximize complementary interplay among paid search and paid social channels.
Our analysis of Lighter Capital’s paid search campaigns (which had been managed by another agency for the prior two years), showed tremendous opportunity for expansion and improvement – so we focused our initial efforts there to ensure we drove rapid increases for Lighter Capital and for our key stakeholder, who was new to her role when we were hired. Six months into our work together, Lighter Capital secured an additional $100 million to support funding for new clients. Their request to us? Give us as many qualified leads as you can.
With a solid paid search foundation under us, our team focused on campaign expansion leveraging paid social advertising for both audience targeting and amplification. We carefully built and managed our campaigns to maximize complementary interplay among paid search and paid social channels and spent the next few months on successive rounds of audience micro-segmentation and refinements to paid social bidding, both of which were driven by the kind of powerful data analysis that informs all Wheelhouse DMG work.
Outcomes
Within the first six months of management, Wheelhouse DMG more than tripled lead generation while simultaneously reducing CPL by 90%.
Over the course of our engagement with Lighter Capital, we increased lead volume 10-fold, increased conversion rate by 157% and simultaneously decreasing Cost Per Lead by 68%. And Lighter Capital has subsequently raised $200 million in additional funding to support high-growth startups.
