Over 2 years, revenue increased from $3M to $21M, leading to company’s acquisition by market leader.
ABM and Rebrand Drive 7x Increase in Sales
The Need
After seven years in business, and $5 million in annual sales, and no marketing program in place, Green Energy Co had reached a plateau.
Over the previous two years they had been trying to introduce a new product into the market that would substantially reduce emissions for public sector clients, at a fraction of the cost of competitors’ solutions.
While their product delivered superior results at a much lower price tag than competitors, they had no mechanism to generate leads for their sales team. None of their efforts to get the attention of procurement decision makers seemed to work
The Challenge
The Approach
MESH was engaged to develop an account-based marketing lead generation program leveraging cutting edge marketing automation technology that targeted key accounts and leveraged personalized direct marketing, drip communications and unique campaign landing pages.
MESH took a holistic 360 degree view of the entire sales challenge. We created a six-pronged account-based marketing campaign to help launch the company’s core product and develop sales. This included creating a digital and content marketing plan, sales collateral, trade show support, and physical ABM campaign.
During the process, we realized there was a substantial barrier: the company’s brand was so at odds with market expectations, and that first impressions were standing in the way of sales conversations.
In response, the company engaged MESH in a complete brand and communications overhaul.
Including logo, sales collateral, marketing materials and the website—nothing was out of bounds. The company had originally branded under a bold and powerful black and red color palette—exactly contrary to the green, technology-driven solution they were providing. Sales materials were company (not customer centric), and the website had been developed based on a simple and generic template used widely.
The Solution
The marketing plan called for examining the product itself, and how it was being presented to prospects, identifying the needs of the market, and increasing leads for sales.
Previous efforts focused on very technical data, and didn’t include punchy bites of key information, including the potential reduction of emissions (up to 85%), the low cost (under $1 Million for a complete solution), and the ease of installation or upgrade—all of which were key triggers for their prospects. Green Energy Co had an extremely environmentally-friendly solution at a low cost that was easy to implement.
What the team needed was initial exposure, engagement and awareness so that when their sales team connected with prospects, bid on projects, and visited possible client sites, potential buyers would recognize the company, have an understanding of the value and technology the company brought to the table, and have a positive impression of their products and capabilities.
MESH created the marketing plan to do this, as well as start generating leads. We set up a monthly ABM campaign to a targeted list of prospects. After a short period, sales would follow up with a call or an email and would pursue any leads generated from the campaign.
The entire campaign was managed and conducted through a powerful marketing automation platform, allowing us to develop and test messaging, create personalized offers, and track prospect progress through the campaign.
The Results
Through our combined approach to account based marketing and adaptive long-form content marketing process, Senior Leadership was able to understand and see the value of content marketing over strictly traditional paid advertising and short form content approaches.
Within 2 years, revenue increased from $3M to $21M in revenue, leading to Green Energy Co’s acquisition by market leader.