A Quick Overview and Review of Year One
In the first year of acting as the marketing manager for Buhi’s Juxta Smart Luggage, we saw growth and areas of improvement. If you would like to read the in depth dive into those year one results, please click here.
Within the first year we saw an overall improvement to the sales performance of the Juxta Smart Luggage line. At the end of Q4 of Year One, not only were we on track to exceed the goal of a 60% increase to sales, we were on track to exceed it. Q4 sales had grown 12% over Q3 and this trend showed no signs of slowing.
We had set goals beyond the initial 60% in light of this increase and to serve as a refresher as we begin this deep dive quarter by quarter, here is a reminder of those extra goals we had been aiming for:
- Percentage increase of 1.06%
- Revenue goal of $47,500,000
- Increase share of Loyalty stage customers
Quarterly Results
Quarter One
- Sales Goal: $25,550,000
- Results: $26,554,371
- Variance: +$1,004,371
- Compared to Q4 of Year One: +10%
Starting the second year off right might be a bit of a brag, but we have proven in this quarter that it was at least a worthy one. Exceeded sales goals and the previous strong holiday season of year one Q4 performance set year two up on the right foot.
Overall, the greatest increase within the marketing funnel snapshot lies within Consideration/Intent. As anticipated in the previous report, Awareness/Intent plateaued and we did see a slight increase in Purchase as well as a steady baseline continuation for Loyalty.
Out of the personas, we received the most website visits from Sue with an 8% increase in Consideration/Intent. Community Relations performed the best when comparing the CPC for each website visit.
For the others:
- Mindy
- 8% growth in Consideration/Intent
- Best CPC: Flyers
- Honorable mentions for Magazines and Direct Mail
- Raj
- No growth in Loyalty
- Best CPC: SMS and Social Media
- Sally
- No growth in Loyalty
- Best CPC: Mobile Marketing
- Honorable mention to Podcasts
Quarter Two
- Sales Goal: $31,750,000
- Results: $33,956,822
- Variance: +$2,206,822
- Compared to Q1: +14%
Following the current trend, this quarter also out performed expectations. This quarter helped to cement the self-established goal of $47,500,00 for the campaign.
This quarter saw a slight increase in two of the marketing funnel stages, those being Awareness/Intent and Consideration/Intent.
The persona that generated the most websites visits was Mindy, with a 10% increase in Purchase. Ebooks performed the best CPC wise, with Social Media and SMS Texts coming in as the runner ups.
For the others:
- Sue
- No growth in Loyalty
- Best CPC: Email Marketing
- Honorable Mentions: SMS Texts and Mobile Marketing
- Raj
- 7% growth in Consideration/Intent
- Best CPC: Video and Flyers
- Honorable Mentions: Billboards and Flyers
- Sally
- 11% growth in Awareness/Intent
- Best CPC: Community Relations
Quarter Three
- Sales Goal: $38,450,000
- Results: $42,095,821
- Variance: +$3,645,821
- Compared to Q2: +10%
This quarter has made it apparent that we were indeed on track to exceed the given sales goal of $45,000,000, and that we were also on track to hit the self-established goal on top of that.
There was another rise in three of the four marketing funnel stages, leaving only Loyalty as the stage that had yet to increase. This funnel stage has remained steady throughout the two years, and a fact I will touch on in the conclusion of this report.
Mindy once again generated the most website visits this quarter, with a 1% increase to Loyalty. For the CPC SMS Texts, Email Marketing, Mobile Marketing and Social Media all proved effective for Mindy.
For the others:
- Sue
- 15% growth in Awareness/Intent
- Best CPC: Blogging
- Raj
- 7% growth in Purchase
- Best CPC: SMS Texts
- Honorable Mention: eBooks
- Sally
- 9% growth in Consideration/Intent
- Best CPC: Direct Mail
Quarter Four
- Sales Goal: $45,700,000
- Results: $51,083,825
- Variance: +$5,383,825
- Compared to Q3: +10%
Consistency and growth in practice and on paper. Quarter four ends the second year of the Juxta Smart Luggage campaign as strong as predicted, and than some. Consistently growing over each quarter of the year is testament to the campaign’s effectiveness with it’s target audiences.
The marketing funnel saw a continuation of the trends established as well, with growth in all but Loyalty – although that stage did remain consistent at it’s baseline.
For the third quarter in a row, Mindy remained the persona to draw in the most website visits, with a 6% increase to Consideration/Intent. Sponsorships, Billboards and Magazines rose as the best performing CPC.
For the others:
- Sue
- 8% growth in Consideration/Intent
- Best CPC: Video
- Raj
- No growth to Loyalty
- Best CPC: Social Media
- Sally
- 8% growth in Purchase
- Best CPC: SMS Texts and Press Releases
Year Three Projections
- Revenue Goal: $80,500,000
- Anticipated Growth: +1.5%
For it’s third year, I anticipated Juxta Smart Luggage will continue to see a boom in growth in sales. We have a well established base of customers that both rely and anticipate our product to deliver on their needs and wants, and what’s better is that going into Year Three, we have a better understanding of how to communicate with those customers. Focusing on honing in on these communication methods will also establish a good ground for ensuring Loyalty remains consistent instead of dipping.
Ad spend controlled and honed, we will have no trouble in hitting that projected goal of $80,500,000, and look forward to hitting $100,000,000 in Year Four.
In Conclusion
As stated in Year One’s report, this campaign had set out to revive the sales of a declining product. The Juxta Smart Luggage was not a product that was in decline for it’s lack in design or features, it simply wasn’t being put in front of the right audiences at the right time.
Last year, we set out to increase the number of customers that entered out Loyalty stage, as this report suggests, increase this stage may not be as important as it will be in the later years (Year Four onward). These last two years have been about reestablishing the customer base for the Juxta Smart Luggage, and as shown by both the numbers and consistency within all stages of the marketing funnel, we have achieved just that. And I anticipate nothing but growth, and an ever growing fan base for the Juxta Smart Luggage, and Buhi Bags, in the future.