|
Case
Study 4 - $2.5 Million Plastic and Composites
Thermoforming Company
Client
Profile
Product: Thermoforming, Pressure forming
and Vacuum Forming Plastics and
Composites
Market: Aerospace, Gaming, Transportation,
Medical, Electronics,
Telecommunications
Position: Sales Declined From $4.5 Million
to $2.5 Million in Two Years
The
Assignment:
ABC Company contacted PH&A because
over the course of 2 years, sales had
rapidly declined from $4.5 Million to $2.5
Million. Primarily servicing the aerospace
industry, the company was relying on two
large customers for 90% of business. Due to
a rapidly declining need for aerospace
products in recent years, the company
continued to lose profits while depending
solely on a dealer/rep network and
"walk-ins" to generate leads and establish
sales.
The
Method:
PH&A began Company ABC's program by
researching and developing a range of
marketing collateral including a new,
dynamic Company Logo, Corporate
Capabilities Brochure and Web Site.
PH&A then established an internal
software-based sales contact manager to
assign, track and fulfill all incoming
sales leads, as well as provide detailed
weekly sales reports to company management.
PH&A also developed a job description
and new business -oriented compensation
plan for an in-house sales representative.
PH&A then recruited, hired and trained
a pro-active, in-house sales person and
advised ABC Company to eliminate what
PH&A had found to be non productive
reps. PH&A began supplying ABC
Company's inside sales representative with
a weekly stream of personally phone
verified, high quality sales leads via the
Highly Targeted Prospect Profile Program in
a variety of vertical markets to diversify
ABC Company's client base beyond the
aerospace industry. Furthermore, PH&A
established weekly sales meetings to
discuss the progress of all leads and their
status in moving through the sales cycle.
Within 30 days, the sales representative
had constructed a Top 20 Report of several
highly interested prospects and had several
Requests for Quotation in process. PH&A
continues to provide weekly, personally
phone verified sales leads augmented by
direct mail campaigns and is also
developing a Search Engine Optimization
program to increase sales leads generated
from web searches on the major internet
search engines. In addition, PH&A
continues to act in an advisory position in
all aspects of the company from sales and
marketing to production and quotations.
The Result:
Sales for ABC Company have ceased to
decline and are currently in a break-even
phase with profits projected for fiscal
year 2004. The in-house sales
representative has replaced the expensive,
sluggish dealer/rep network and is actively
engaged in all aspects of the sales process
from initial presentation phase to
quotation development. Additionally, ABC
Company has diversified into the gaming,
medical, electronic, transportation and
automotive markets and no longer relies
solely on aerospace business to generate
sales.
|