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5
After Five Marketing, LLC
1 After Five Marketing Case History: New
Product Launch
After Five Marketing Case History: New Product Launch
2
The Challenge Upper management at the “Corporation” was
considering selling our business unit to a competitor,
given it had showed little profit in the prior five years of
operation. I became the Marketing/Product
Development Manager in year five and was the sole
marketer in our group. There were several challenges
but the following were most urgent:
Develop and execute a marketing plan for a new
product
Increase the sales force’ focus on and belief in our
entire product line
Double overall sales in one fiscal year
After Five Marketing Case History: New Product Launch
3
The Solution
3
The scope of the solution was wide and varied. A few
of our primary goals were to help the sales force
understand and feel comfortable with the product, get
them into the habit of presenting it, and support their
efforts with a pull-through campaign to end users. The
objective was to complete these goals within three
months.
As with any new product, it makes sense to follow the
product lifecycle curve wherein at certain points, the
execution of certain strategies and tactics makes more
sense than others. For example, it was necessary to
produce all the sales persons’ tools and train them on
the product prior to launching any promotional
campaign. This is consistent with Stage Gate product
planning.
After Five Marketing Case History: New Product Launch
4
The Solution (continued)
Hard and electronic (PDF) versions of the following:
Product brochures and catalogs
Sample spec sheets
White papers
Installation guides
Case studies
FAQs
Competitive comparison matrix
Also:
Customizable PowerPoint shows
Tutorial videos
Demonstration units
Web-based product and sales training
After Five Marketing Case History: New Product Launch
5
The Solution (continued)
Following the development of the selling tools and the Webex
product training, I developed a promotional program (incentive)
targeted to our sales personnel to initiate and sustain a habit of
presenting our products. Prior to the promotion, I launched the
publicity (and later the advertising campaign) to help open the
doors with the customers they would be targeting.
Learn & Earn promotion (Mail and Microsite)
Publicity campaign and editorial road shows
Advertising campaign
Following the Learn & Earn, I developed and executed the
Close N’ Play promotion designed to incentivize sales
personnel for following up on their presentations, in an attempt
to close a sale on prospects who did not buy the first time.
After Five Marketing Case History: New Product Launch
6
Marketing Plan & Creative Brief
7 After Five Marketing Case History: New Product Launch
Selling Literature
PowerPoint
Shows
New Product
Spec Sheet
Competitive F&B Matrix
FAQs
New Product Catalog
Electronic Files of
All Selling Tools
Statement & DM Piece
After Five Marketing Case History: New Product Launch
8
Publicity
After Five Marketing Case History: New Product Launch
9
Advertising
After Five Marketing Case History: New Product Launch
10
Internal Sales Promotion–Create Leads
After Five Marketing Case History: New Product Launch
11
Promotion Reminder Direct Mail Series
After Five Marketing Case History: New Product Launch
12
Internal Sales Promotion – Close Leads
After Five Marketing Case History: New Product Launch
13
Developed and executed a marketing plan against key targets
Sales personnel got into the habit of presenting our product line, even after the incentive promotion was completed (there was high margin in it)
We doubled sales in one year
The Result