Extensive Marketing Strategy Of Natwest – Detailed Explanation

Marketing Strategy of Natwest

NatWest’s marketing strategy examines the brand using the marketing mix framework, which includes the four Ps (Product, Price, Place, Promotion). Product innovation, pricing strategy, promotion planning, and other marketing strategies exist. These business strategies, based on the NatWest marketing mix, aid in the brand’s success.

Segmentation, Targeting, Positioning

STP begins with segmentation, in which organizations break their marketing into distinct categories depending on factors such as those listed below.

Demographics Segmentation
Geographical Segmentation
Location-Based Segmentation

It identifies the group of buyers based on differences in their desires or requirements. From the beginning, the products of Natwest are segmented based on the customers belonging to similar geographical areas. Besides geography, psychographics and demographics are also considered. 

Targeting is a marketing technique that separates a large market into smaller groups to focus on a specific portion of that market. It identifies and caters to a certain client segment based on its unique characteristics. The majority of Natwest’s target audience is individuals with lower and higher income or big business owners or normal individuals.

Positioning shows where your product and goods stand with other company products that sell products that are comparable to yours. Natwest positions itself as a bank that is simple to use, convenient, and safe. 

Marketing Campaigns

NatWest ‘This is how we do it’ by The & Partnership London

In this campaign, we are reminded that it is never too early to begin good financial habits. MoneySense, the bank’s free financial education programme, teaches UK children aged 5 to 18 how to be financially confident.

The campaign was run on youtube and it was indeed a success with 4,96,223 views and amazing video content by Kate Allsop, Howard Green, Matt Wood and Tom Loveless, and directed by The Bobbsey Twins through Blink. 

“Extraordinary” by Pablo

Pablo, Natwest and ITV launched this campaign on youtube to support SME’s boosting them with a unique blend of business support and media collaboration.

In collaboration with ITV and Pablo, the ad encourages other small businesses to visit the NatWest website for a chance to win one of three TV spots worth more than £150,000 each business. This campaign performed well and received 1.6k views. It was launched in 2020.

“Tomorrow begins today” campaign

Tomorrow Begins Today’s launch to show how NatWest empowers people to take action today so that they can achieve their goals for tomorrow sooner. 

The campaign launched in December, with radio, digital audio, social, and print media planned by Zenith. The NatWest Brand Creative Collective, which includes members of the The&Partnership London, co-created the new visual identity and tone of voice for the campaign. The new brand logo incorporates a new brand character, the ‘caring matriarch,’ who is knowledgeable, compassionate, and encouraging, demonstrating to clients that NatWest genuinely cares about them achieving their objectives.

This campaign was indeed a success as it created a new visual identity for the brand.

Social Media Marketing

Natwest is present on various social media platforms like Facebook, LinkedIn, Twitter, Youtube and Instagram.

Facebook: 379k
Instagram: 22.3k 
LinkedIn: 89.7k
Twitter: 121.2k

NatWest posts promotional posts on Instagram. For NatWest Business, LinkedIn is an important platform because of its B2-B targeting.

SEO Strategies

As per SEO ranking, it is said that the number of keywords – below 500 is bad, above 1000 is good, and 10,000+ is amazing. As we can see, Natwest has 245k+ organic keywords and it’s out of the box. That means the digital marketing of Natwest is gaining an outstanding number of insights.

Also, the traffic per month is around 6 million+ which is unbelievable. Hence, Natwest Bank has outstanding SEO strategies while working hard enough to keep the brand soaring in the Google organic SERP results.

Influencer Marketing

Through its new campaign, NatWest x Gaming Creator Collective, NatWest is collaborating with influencer marketing agency TAKUMI to shed light on the issue of scams and online fraud threats for young people.

The campaign begins with a one-hour panel discussion at 1 pm on Wednesday, September 8, 2021, and focuses on the gaming industry, which is frequently targeted by fraudsters.

E-commerce Strategies

NatWest has begun testing new technology that will allow customers to make secure purchases online or on their mobile devices without the use of a debit or credit card. Customers will immediately see their balance, updated in real-time, avoiding any surprise transactions or overdraft fees. This is the first service of its kind to be trialled by a UK bank.

Mobile Apps

This mobile app makes day-to-day banking easy, quick and secure. Take the hassle out of banking. The NatWest smartphone app allows account holders to manage their money on the go. One useful feature is its Get Cash service, which allows you to withdraw cash from a NatWest or RBS machine without using your card. The app sends you a one-of-a-kind code, which you enter into the machine.

It’s available to customers aged 11+ with compatible iOS and the UK or international mobile numbers in specific countries

Content Marketing Strategies

Their focus is to champion potential, and help people, families and businesses to thrive. Honister Slate Mine and Alison Hammond feature in the new NatWest and ITV advert. They cover a lot of promotional and informative content on their social media platforms that include their marketing campaigns, tutorials on how to use their mobile app, business climate and so on.

This ends the elaborative marketing strategy of NatWest. Let us conclude our learning below from the marketing strategy of NatWest.

Conclusion – What’s Unique in Natwest’s Marketing?

The bank has had a proud history of ‘firsts’ and working out clever solutions to problems – leading the growth of cash machines during the late 1960s and 1970s.In the 1980s, the Switch debit card was introduced.

NatWest’s marketing strategy assists the brand/company in establishing a competitive market position and achieving its business goals and objectives. The bank is hoping to get the best of both worlds by gradually improving its digital app alongside taking a human-centric approach to banking.NatWest has launched a new TV ad, which first aired on 23 September and has the slogan ‘We are what we do’, which signifies major changes to the brand.

Digital marketing allows you to stay in touch with your target audience at all times. Though digital platforms provide limitless opportunities for businesses, they can also be detrimental to a brand’s reputation if not handled properly. You can build market trust with a strong website and social media channels. Learning about the ever-growing field of digital marketing is an important first step.

If you would like to learn more and wish to gain some practical experience, do checkout IIDE’s 4 Month Digital Marketing Course for more information. If you would like to learn more and develop skills, check out Alternatively, you can enrol in one of our free online masterclasses led by IIDE’s CEO, Karan Shah, to gain insight into the field of digital marketing. 

We hope this blog on the marketing strategy of NatWest has given you a good insight into the company’s marketing strategies.

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