Situation:
Cooper Wiring Devices required a targeted B-to-B product launch
strategy for the introduction of Aspire, a new 45-product line of
designer lighting controls, to the electrical
wholesale distributor and big box channels.
However, distributors were not eager to stock over 130 new
premium-priced SKUs.Action:
As Cooper's Marketing Manager, I completed market
research that showed strong interest among
residential builders for ‘upgrade’ products that increase home sale
margins.
Using this research, I developed a demand creation campaign targeting
22,000 purchasers of lighting products at the 400
largest residential home builders...the giants.
The launch program positioned Aspire as “The Perfect Upgrade” by
integrating offers for literature and free
product samples in all marketing to big builders.
Offers were delivered by trade PR, direct
mail, advertising, and two Aspire product
websites.
Aspire PR preceded direct mail and trade magazine ads that were
precisely targeted to a demographic audience with electrical buying
influence at the largest builders. In addition, a
product-specific
mini-Web site offered product samples to builders, architects, and
remodelers.
In addition, a B-to-B telemarketing group handled all requests for
Aspire product information and fulfillment of literature and samples.
The telemarketers also
interviewed all responders to determine interest
level and set sales appointments.
Results:
In the first 12 months, over 3,700 targeted executives, managers, and
architects at America’s largest home builders requested Aspire product
samples, sales literature, and/or pricing and availability.
Over 150 appointments were set for sales presentations at big
builders.
Key distributors were offered these big builder leads and became
stocking distributors for the new line.
Every responder received follow-up telemarketing calls to survey
response to the product and to provide local distributor’s name.
First year distributor sales exceeded forecast.
By surpassing our first-year goal for signing up partners in the
wholesale distribution channel, Cooper was also able to place the
Aspire line in more than 1,000 Lowe's big-box retail stores.
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