CLIENT
- PYI Marine
Date
- January - March 2020
Our Services
- Strategy, Ideation and Concept
- UX, Design and Technology
- Video Production and Content
- Social Media & Performance Marketing
PYI Marine
Company Profile
PYI Inc. is a leading manufacturer and distributor of high-quality boat, yacht, and ship components. Established in 1981 and still under the same ownership today, PYI has never forgotten that the company cannot exist without its solid customer base. With that in mind, they quickly respond to their customers’ ideas and needs, prioritizing quality, innovative marine equipment with unsurpassed customer service and satisfaction. Every year, PYI delivers advancements in its products and business units. Whether it is a new or established product line, boaters can be assured that they will experience the product performance and customer service they expect and deserve.
Situation
PYI, Inc. approached ManifesGo, asking for help in overcoming challenges due to COVID-19. Company leaders expressed concern over the company’s ability to experience growth in 2021 and recover from the pandemic. The most significant problem was a projected reduction in sales because of their inability to reach customers through their primary method, tradeshows that were canceled. A decrease in sales meant less revenue to help fund the development and commercialization of updated and new products.
Solution
ManifesGo facilitated a Business Assessment process with PYI, Inc. to help align the leadership team and clarify organization priorities about recovering from the effects of the COVID-19 pandemic. The following subjects were assessed: Covid-19 prevention and safety, business system effectiveness, workforce challenges, cybersecurity, and current product/market mix challenges. Impact Washington and PYI, Inc. met to discuss the results. Assessment results validated PYI, Inc.’s concerns. Working together, ManifesGo and PYI, Inc. agreed upon a project plan to prioritize their anticipated lack of sales via traditional methods and mitigate implications of revenue loss throughout the organization.
With no formal marketing leader, PYI asked ManifesGo to scope a project to help them utilize their earmarked “in-person” budget and reconfigure their traditional marketing programs to target and attract customers. Historically, PYI, Inc. relied heavily on in-person trade shows to drive sales, raise brand awareness, provide product education, and showcase new offerings. Due to cancellations of most in-person events, the company needed an updated digital marketing strategy that helped them effectively deploy new marketing tactics to shift from making connections in-person to online by enhancing and or learning how and where to make valuable connections on other digital marketing platforms. The formal project engagement started with a discovery session to gather current activities, budget allocation, internal resources, and competencies. A Marketing Roadmap was created once the discovery process was complete, and monthly marketing coaching and consulting ensued. Cost-effective digital marketing efforts were implemented to provide PYI, Inc. with the global reach they experienced from in-person activities. Given the importance and strong commitment to customer service, it was essential to utilize open communication tactics and allow PYI, Inc. to interact with customers in real-time. Collaboratively, the team updated planning tools, content creation activity, and communication cadence. They also improved their monthly newsletter, deployed dynamic video Facebook ads, and developed formal partnerships with YouTube influencers. PYI delivered relevant content through these activities to create powerful connections with its audience. In addition, the company held collaborative meetings where team members were given tools to improve efficiency and connectivity among individuals and departments. The outcome was targetable and personalized interactions that helped lead to a successful rebound from COVID-19.
Series of Social Videos
Kiwi Grip
Max Prop
THE RESULTS:
The Business Assessment provided PYI with an unbiased view of the management and execution of areas impacting their bottom line and influencing company growth. More importantly, the assessment provided a much-needed roadmap to help PYI, Inc. expand and grow its business smartly and strategically. The output provided a solid foundation for prioritizing and making sound marketing decisions based on a quantifiable and measurable digital dashboard. The internal team has learned that digital marketing is not just an “emergency substitution” for in-person events. It should be a component of their overall marketing strategies for long-term, and cost-effective success.
The assessment and project led to significant project results:
- Validated and prioritized focused recovery areas, e.g., marketing, workforce training, and succession planning.
- Highlighted the need for outside marketing support and guidance to improve the effectiveness of marketing spend and efforts.
- Cost savings of $135,000 on otherwise earmarked marketing spend
- Created one new job
- Increased sales – sales record months including $1M a month for five months (PYI had never experienced a $1Min in it’s 20 year history)
ManifesGo was brought in to help educate and train employees who participate in this function into a new marketing direction. Get involved on day one with your consultant and push hard, so more of your goals will be achieved.