Ditch the discount codes. Drive profitable growth with CashBack.
brands@getfondue.com
âThe results with Fondue blew our socks off â far fewer line item discounts while still driving top-line revenue. Itâs easy to use, weâre driving a great audience to our website, and weâre capturing strong sales and retention from that traffic.â Â- Neal Didonna, Senior Director of Digital Marketing at MTN OPS
MTN OPS is the leader in outdoor performance energy and nutrition. They created supplements and apparel for athletes, military personnel, and enthusiasts who love hunting, fishing, and trail running. Their mission is to improve the lives of individuals and families through spiritual, physical, and mental transformation.
The MTN OPS customer is disciplined, conscientious, and family-oriented. Unsurprisingly, they respond well to discounts and look to stretch the value of their dollar. To drive acquisition and sales with this demographic, MTN OPS regularly offered 25-30% discounts or even higher.
So far, that strategy has worked â MTN OPS reaches 450,000 site visitors a day. But, Neal Didonna, Senior Director of Digital Marketing, wanted a way to win customers without detracting from profits. He was worried MTN OPS had inadvertently conditioned their customers to hold out for the next big discount or sitewide sale before hitting âbuy.â
While discount dependence is by no means an exclusive issue to MTN OPS, Neal knew the current situation wasnât sustainable. He wanted to incentivize sales and gain new customers without devaluing MTN OPSâ products.Â
âIn Fondue, we saw a quick and easy solution â a tool with retention baked right into the model. Coupons had become a major hindrance to our top-line growth, and we couldnât keep eating away at profits.â
When Neal discovered Fondue, he knew its CashBack model was promising. But he wanted to start by collecting hard data on how CashBack would perform against his typical coupon codes.Â
To establish a control group, Neal ran a sitewide promo, offering 25% off all MTN OPS products. Then, he ran a second sale 45 days later, the length of a typical MTN OPS customer lifecycle. This time, however, he offered 30% CashBack through Fondue.
The results were staggering. CashBack far outperformed the coupon in revenue, purchases, and list growth. As Neal continued using Fondue, he consistently won back huge amounts of profit for MTN OPSâ bottom line. And because Fondueâs store-credit option incentivizes repeat purchases, itâs also contributed to strong retention rates as well.
The cherry on top? Fondueâs incredible customer service. âI've worked with hundreds of vendors over my career, and I've never had anyone make things so turnkey,â says Neal. âIt's been incredible to work with Fondue. Theyâll come in and build email flows, popups â whatever youâre running.â
âWith Fondue, we typically give away only $600-$700 a month in Visa gift cards and cash â an enormous drop from regular line item discounts up to 30%. Plus, weâve seen strong retention, as customers keep coming back.â
Nealâs experimentation gave him all the data he needed. Moving forward, Fondue will be a pivotal cornerstone of MTN OPSâ marketing strategy.Â
In MTN OPSâ sitewide campaign, CashBack outperformed coupons to a stellar degree:Â
Next up, Neal plans to turn MTN OPSâ sitewide promotions into quarterly CashBack events. Then, MTN OPS will branch out, baking Fondue into its affiliate and influencer marketing strategy. A couponless future isnât here quite yet â but with Fondue, it feels closer than ever.Â
âFondue is a simple yet powerful product, and itâs executed well. Our finance team ran the numbers â in the long term, Fondue is more scalable and practical for us than coupons.â