ims - sdsu mba thesis ppt
TRANSCRIPT
Industrial Metal SupplyAn SDSU MBA Consulting Project
How Did We Find Ian?
One-on-One
Interviews
Online Survey
Secondary Research
Current vs. Potential Customers
Characteristics Current Customers Potential Customers
Gender: Male (86%) Male (82%)
Ethnicity: Caucasian (82%) Caucasian (76%)
Marital Status: Married (66%) Married (51%)
With Children: Yes (63%) Yes (51%)
No. Children: 3 or less (78%) 2 (41%)
Education: Some College (34%); Bachelors Degree (29%)
Some College (33%); Bachelors Degree (31%)
Income: $100,000+ (27%) $20,000 -$80,000 (18%)
Age: 50-57 26-33
Key Survey Findings
Referrals and sales calls primary source of business
Want quality, variety and expertise
Want to meet other metal working professionals
Statistically Significant Findings
Shopping Behaviors of Men
Advertising Preferences
Brand Loyalty
Only Necessary Items
Radio and TV Habits of Men
Program Preferences
Hours Viewing
Habits of Men Aged 35 and Under
Online and Mobile
Social Media
Meet Your Target Market
Customer Persona: Aaron Gomez
Age: 29Ethnicity: CaucasianOccupation: ArchitectSalary: $51,000Education: Bachelor’s Degree in Architectural EngineeringLocation: San Diego, CAFamily: Unmarried, no children Retail Metal Shopping Frequency: Once a monthAverage Spent on Retail Metal per month: $120
Customer Persona: Jeremy Stallings
Age: 38Ethnicity: CaucasianOccupation: Purchasing ManagerSalary: $60,000Education: Bachelor’s Degree in BusinessLocation: Phoenix, AZFamily: Married, 2 children (4 and 9 years old) IMS Shopping Frequency: Once a monthAverage Spent at IMS/Visit: $280
Customer Persona: Ian Morrison
Age: 47Ethnicity: CaucasianOccupation: Senior EngineerSalary: $125,000Education: Some CollegeLocation: Irvine, CAFamily: Married, 2 children (16 and 20 years old) IMS Shopping Frequency: Once a monthAverage Spent at IMS/Visit: $180
Customer Persona: George Bennett
Age: 56Ethnicity: CaucasianOccupation: Business Owner/CEOSalary: $180,000Education: Some CollegeLocation: Sun Valley, CAFamily: Married, 2 children (18 & 23) IMS Shopping Frequency: Once a monthAverage Spent at IMS/Visit: $150
Customer Persona: William Roberts
Age: 60Ethnicity: CaucasianOccupation: Retired engineerSalary: $110,000Education: Bachelor’s DegreeLocation: Sun Valley, CAFamily: Married, 2 children (30 & 25 ) Retail Metal Shopping Frequency: Once every few monthsAverage Spent on Retail Metal per month: $120
Marketing Recommendations
Local TV Advertising
Local Markets
Impact
Brand Awareness
Local Markets
Radio Advertising
Stability
Target Market Exposure
Local Markets
Magazine and Website Advertising
Monthly, 67%
Management and
purchasing
Monthly, 67,000 welding
professionals
0
97,000+ subscriberswith broad
reach across
industries
Bi-monthly, 28,500 reach
Social Media Marketing
Facebook: March Metal Masterpiece
• 3-phase photo upload contest
• March 1-April 2, 2012
• Cost: $450+ the cost of the grand prize.
YouTube: IMS Channel
• Feature tips on working with metal
• Offer monthly inspiration for metal projects
• “Ask the Experts” Q&A
IMS “Metal Masters” Blog
• Utilize to answer common metal questions
• Helps IMS position themselves as metal experts with answers
• Improves SEO
Marketing Campaigns
Customer Promotions
Customer Loyalty
Program
“One for you, one for a
friend” coupon
In-Store Ticket Contest
• Every retail location during football or baseball season
• 3 to 6-month promotion depending on the season
• Retail customers get 1 entry with every $5 in-store purchase
Metal Professionals Networking Nights
One Industry Night at each Location:
• Appetizers/Drinks• Guest Speaker• Gifts• Professional
Associations
Wings & Wheels Car Show and Cruise
• Auto restoration and racing popular among all IMS target markets
• Affordable, fun and accessible in IMS parking lot
• One at rotating IMS locations from May-August
Welding Workshops
• Variety of levels from beginner to expert
• Feature different techniques and metals
• Series or individual courses
IMS Meets BMX!
The End of the Roll
Next Steps
■ Use the personas to target your marketing more specifically
■ Implement the recommended social media strategies
■ Determine which marketing initiatives to pursue based on budget
■ Benchmark each campaign to determine ROI and best practices
■ Give it time