A Quick Overview
For years, Buhi has been a leader in handbags and luggage, catering to customers that aren’t content to sacrifice style for quality, or vice versa. The Juxta Smart Luggage line is one of Buhi’s product lines-and it is it’s time to shine. Featuring a modern and trendy hardshell, multiple on trend colors, and plenty of features that can appeal to the target personas on a personal level and a functional level as well.
For this year, our overall goal was to see an increase in Juxta Luggage sales of 60% in the next two years. Considering the decline that this product has seen recently, it’s also become a personal goal to get back in touch with Juxta’s target personas, and to make the buyer’s journey more intuitive for them.
For the purposes of this report, the sales results will be weighed against expectations per quarter.
Quarterly Results
Quarter One
- Sales Goal: Net gain of $4,400,000
- Results: $4,245,030
- Variance: -$154,970
- Compared to Last Year Q1: 3% Growth
Coming underneath projected revenue by 3.52% Q1 starts off on a surprisingly promising foot. Although beneath projections, the variance is attainable, with projections remaining at a total year one revenue of $45,000,000.
Overall, greatest increase in the marketing funnel snapshot lies within Awareness/Intent.
Out of the personas, we received the most website visits from Sally with a 24% growth in her Awareness/Intent phase of the funnel. Product Placement and Magazines performed the best for Sally when compared to cost per website visit.
For the others:
- Mindy
- 10% growth in Consideration/Intent
- Best performance compared to cost per website visit: Flyers
- Sue
- 1% growth in Purchase
- Best performance compared to cost per website visit: Ebooks
- Raj
- 21% growth in Awareness/Intent
- Best performance compared to cost per website visit: TV, Podcasts and Direct Mail
Quarter Two
- Sales Goal: $9,100,00
- Results: $8,854,745
- Variance: -$245,255
- Compared to Q1: +9%
This quarter also came underneath the projected revenue by 2.7% – closing the gap a bit from the previous quarter and gaining a bit of ground on that $45,000,000 projection. This quarter also out performed Q1 by $364,685.
Awareness/Intent continues to be the greatest increase of marketing funnel growth.
This quarter, the persona that generated the most website visits was Sue, with a 22% increase in Awareness/Intent. Social Media and Product Placement were the top performers when compared to cost per website visit.
For the others:
- Mindy
- 4% growth in Purchase
- Mobile Marketing
- Raj
- 10% growth in Consideration/Intent
- Out of Home Marketing (Airports)
- Sally
- 17% growth in Awareness/Intent
- News Stories, Video Marketing
Quarter Three
- Sales Goal: $14,200,000
- Results: $14,149,361
- Variance: -$50,639
- Compared to Q2: +15%
This quarter closes the gap between projected sales and actual revenue by the smallest margin, coming in just 0.36% beneath projections. Q3 also outperformed Q2 by $684,902.
This quarter saw a bit of a plateau in terms of projected funnel growth. Awareness/Intent still rose above the others, but Consideration/Intent took a bit of a step up.
This quarter, Sue generated the most website visits once again, with a 10% increase in Consideration/Intent. Sponsorships, Community Relations and Direct Mail proved the best in performing compared to cost per website visit.
For the others:
- Mindy
- 17% growth in Awareness/Intent
- Magazines
- Raj
- 8% growth in Purchase
- Email Marketing
- Sally
- 13% growth in Consideration/Intent
- Community Relations, Out of Home Marketing (Airports)
Quarter Four
- Sales Goal:$19,750,000
- Actual: $20,058,689
- Variance: +$308,689
- Compared to Q3: +12%
Ending Year One on it’s strongest note, Quarter Four is the first quarter where there is a positive variance of 1.56% to the projected sales goal. Q4 outperformed the previous quarter by less than the variance between Q3 and Q2, but still a resounding amount of growth at $614,710.
Quarter four also saw a continuation of the plateau trend for Awareness/Intent in the marketing funnel, with the spike for Consideration/Intent remaining steady on it’s upward climb.
Mindy was the persona that drew in the most website visits, with a 12% increase in Consideration/Intent. Once more seeing Community Relations and Sponsorships performing the best for cost per visit.
For the others:
- Sue
- 7% growth in Awareness/Intent
- Brochures, Magazines, and Video
- Raj
- No growth reported
- Social Media and SMS Texts
- Sally
- 6% growth in Purchase
- SMS Texts
Year Two Projections
- Revenue Goal: $45,000,000
- Anticipated Growth: +1.02%
Although growth in the first year was slow, I believe on the current trajectory we will continue to see growth for the Juxta Smart Luggage, and should end Year 2 over the expected revenue by the projected $45,700,000. I am setting a personal goal for myself and my team to hit $47,500,000, or an increase of 1.06%.
The plan to attain both the currented projections and our team goal is to zero in on our ad spend, and look to lift the Purchase and Loyalty percentages to increase by 3. I anticipate and projected Awareness and Intent to continue to grow, and follow the pattern of rising in Q1 and 2 and plateau in Q3 and 4.
In Conclusion
This Marketing Campaign was created to drive sales in a declining product line. We have risen to the challenge and have laid the ground work in this first year to meet and exceed projected expectations. In Year 2 the focus will be on harnessing the buying power within our target personas, and drive them to make that purchase and remain loyal to the brand. By ensuring their loyalty, and building it upon the great base of awareness and intent, I believe we’re stepping into a year full of gains and insight into Buhi’s loyal customers.