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Sample Projects - Market and Pricing Strategy

Unique way to market for tailoring startup

Year:

Title: 

Company: 

2019

Founder

TheTailorNetwork GmbH / Hungary / Early stage startup

Business Case:

  • Idea was to create a tailor-made clothing provider that can compete with mass produced quality brands on price while paying fair income to independent tailors

  • Concept was to replace high marketing costs with multipliers who care about the fair production

Main Project Steps:

  • Identified C(orporate) S(ocial) R(esponsibility) conscious companies with suit wearing employees as targets

  • Created consistent message around social impact and won President of AmCham as honorary brand ambassador

  • Created highly effective prospecting pipeline (see Key Account Management sample project)

Success:

  • Managed to enter companies which had refused other traveling tailors due to the social impact shown

  • Acquired events at amongst others BlackRock (HU), Morgan Stanley (HU), Falcon Private Bank (CH)

  • Event pipeline included amongst others EY (CH), UBS (CH), KPMG (HU) when COVID-19 ended all in-house events

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Capture of market share through service innovation

Year:

Title: 

Company: 

2011

Senior Internal Auditor

Franke Foodservice Espana / Spain / Sales 30m EUR

Role: 

Duration: 

Team:

Project Lead

4 weeks (full-time)

2 internal / 2 company

Business Case:

  • Gastro equipment market had shrunk by 40%

  • Customers no longer conducted preventive maintenance or replacement of ageing equipment unless broken, requiring immediate replacement to keep operating

  • Financial pressure did not allow suppliers to store sufficient hardware to offer immediate replacement on all equipment

  • Supplier loyalty was lost as customer shopped around for immediate replacement

Main Project Steps:

  • Discovered through interviews the facts that a.) broken equipment became property of entity, b.) could often be repaired to work as temporary replacement and, c.) entity possessed in-house skills and capacity to repair

  • Analysed margin impact of additional repair and service costs to offer 24h replacement with used equipment until new equipment could be delivered

  • Build customer outreach and marketing plan for new product 

Success:

  • Requested as CRO by entity, but denied as promotion to Head of IA was considered more beneficial to the group

  • Implementation of 24h replacement by company lead to capture of additional 10% market share

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Streamlining portfolio and PoS structure for a retail chain

Year:

Title: 

Company:

2008

Senior Consultant

Medium sized, family owned enterprise / Germany / Retail chain / Sales 130m EUR

Role:

Duration:

Team:

Lead Subproject Sales Optimisation

3 months (Full-time)

internal 4 / company 7

Business Case:

  • Company faced insolvency due to low location sales, high cost structure and high NWC

Main Project Steps:

  • Conducted portfolio review and streamlining

  • Conceptualised and managed PoS review / mystery shopping

  • Conducted personnel review and developed training recommendations

Success:

  • Portfolio reduction by 30% with positive sales impact

  • Reduction of handling costs by 40%

  • Implementation of personnel development program

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Introduction of gift item startup to the promotional gift market

Year:

Title: 

Company:

2007

Business Development Manager

HeadsUp Design Inc / Hungary / Sales 20m EUR

Business Case:

  • Searching for new volume order sales channels

Main Project Steps:

  • Developed new product models together with designer

  • Managed new tooling development with COO to improve flexibility

  • Negotiated conditions for volume order with supplier

  • Introduced product to major brands in the US and UK

Success:

  • Generation of additional 1m EUR in sales from one order

  • Received offer to become equal partner with company owner but decided to pursue career in consulting

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Re-design of key account pricing to generate higher ROI at lower margin

Year:

Title: 

2006

Business Development Manager

Company:

HeadsUp Design Inc / Hungary / Sales 20m EUR

Business Case:

  • Extensive payment terms caused cash strapped startup to forgo orders since we could not pre-finance orders

Main Project Steps:

  • Extended parameter for sales negotiations away from pure margin focus to better reflect actual business targets

  • Negotiated reduced production times based on forecast with supplier

  • Introduced significant discounts for prepaid drop-ship orders and quarterly forecasts

Success:

  • Reduction of order margin by 15% offset by 200% increase in sales

  • 80% profitability (ROI) increase

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Michael Bist | Consultant | Actionable Insights | B2B Sales Expert

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