Safety in Numbers

Market Research

An initial customer survey showed a gap between customer expectations and reality in response time for technical support. Investment was needed and based on our data, it was made. This survey also proved that 95% of their customers believe this security company "stops theft", which became a key marketing slogan for years to come.

A later survey of customers revealed they wouldn’t accept more price increases, but opportunity still existed to sign their medium and large customers to additional contracts at additional sites. These medium and large customers had liability concerns that were reinforced by the security company’s existing focus on zapping thefts with electricity — so that was changed. The survey also showed a telemarketing and field sales force were needed to leads.

Sales Strategy

  • Keep prices stable and sign longer term contracts.
  • Balance efforts between large, medium and small accounts.
  • Change the messaging to assuage liability fears.
  • Track sales efforts to aid management.

Implementation

We redrafted the website and all sales literature with new messaging designed to assuage liability issues. Field and telemarketing reps were hired and trained to assess customer size, potential and generate leads. We also initiated a program utilizing technical support crews to generate leads that was very successful. Salesforce.com was installed and the metrics allowed management to more effectively manage their selling efforts. Meanwhile, a highly successful press relations effort was undertaken.

Results

The security company is now achieving 50+% growth in revenue. This company was recently named to Inc. Magazine’s List of America’s Fastest Growing Private Companies, 4 out of the last 5 years.

Mayfield Consulting’s team has hundreds of combined years of experience in sales and marketing, providing market research, business due diligence, sales, marketing and PR strategy and implementation. All services are performed by seasoned professionals for business-to-business companies. Mayfield has special expertise in software, security, business services, financial services, and classic manufacturing industries. With a tagline of “Where Results Happen,” Mayfield Consulting has clients that have been named eight times in the last nine years to the Inc. 5000 List of America’s Fastest Growing Private Companies, won more than 45 awards, and experienced exponential growth.

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