One of Productive Strategies smallest clients is in the
business of developing
advanced technology for the metal casting industry. The firm
has four
employees, including two who actually build and assemble the
hardware. After
years of making occasional sales around the world at a
modest rate, they
decided the firm needed to grow. The father and son who own
the firm, both
engineers, realized that selling and marketing were not
skills they possessed
and they also lacked time to devote to these activities.
Our initial project consisted of four consulting days. We
defined the benefits
of this product, documented the savings that users would
realize through its
use and began to develop a database for our client. Our next
project involved a
mail campaign to the target market. We handled everything
from the copywriting
to licking the stamps. The initial mailing produced a result
three times the
projected rate, and as of this writing the company is
talking to the largest
group of prospective customers in its history. We handle all
of the lead follow
up for this client and assist in closing the sale. Further,
we have helped this
client prepare for a trade show exhibition where we also
helped them staff the
booth.
While our client has realized excellent results from our
association, this
relationship is also interesting in terms of our fee
structure. Throughout this
relationship, our compensation has been designed to assure
the client that they
are getting clear, measurable value for their money. Our
initial consulting
project was handled on a traditional day-fee basis, with a
per-name charge for
the database creation. The mailing campaign cost the client
$500 plus $1.50 per
letter. Our follow-up handling of the leads was compensated
by a percentage of
sales arrangement. For our trade-show work, the client
covered our direct costs
while we contributed our time.