BidMyLoan

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Bid My Loan "I enjoy working with a team that’s fast and nimble, is always available, has an in-depth understanding of the media, and is consistently professional."

Declan Murphy, CEO, BidMyLoan

 
BidMyLoan is the first home-loan service of its kind in Australia: an online marketplace where lenders bid for consumers’ mortgages. BidMyLoan approached The Ideas Suite to launch its brand in Australia – and generate sales leads – through an ongoing media relations campaign.
 
Strategy
The strategic approach was to generate awareness of the benefits of using BidMyLoan through the voices of its own customers. Secondly, The Ideas Suite sought to increase the credibility of the service by leveraging CEO Declan Murphy’s home-loan expertise. A third approach was to establish BidMyLoan as a service in touch with the needs of property buyers by disseminating information on buyer attitudes about the home loan market.
 
Results
The Ideas Suite produced outstanding results – not only in media exposure, but also in direct sales. In the first three months of PR activity, The Ideas Suite secured more than 45 media stories, with BidMyLoan reaching an audience of more than 21,000,000.

Media outlets included the Daily Telegraph, Sun-Herald, Sunday Age, A Current Affair, Extra (Channel Nine), Sky Business News, the West Australian, Courier-Mail, Sunday Mail and Sydney Morning Herald.

Examples of outstanding sales leads includes a story in the Daily Telegraph generating more than 5000 website visits, and a story on A Current Affair generating more than 15,000 website visits.

 
Some recent media stories:
 
A Current Affair, 3 Feb 2009 Sun-Herald November 9, 2008
 
Sun-Herald October 26, 2008 West Australian November 15, 2008
   
West Australian March 21, 2009 Daily Telegraph November 5, 2008